Republic of Madagascar : Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, and Anti-Money Laundering

Author/Editor:

International Monetary Fund

Publication Date:

August 15, 2006

Electronic Access:

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Summary:

The insurance sector is underdeveloped and has been inadequately supervised to date, as the regulator lacks the requisite independence, skills, and resources. The three public pension systems, which cover less than 10 percent of the active population, appear to be fiscally unsustainable. The banking regulatory and supervisory framework is broadly adequate, although implementation and enforcement need further strengthening. The weak financial position of the Central Bank of Madagascar (BCM) could undermine macroeconomic and financial policies and contribute to economic and financial instability.

Series:

Country Report No. 06/305

Subject:

English

Publication Date:

August 15, 2006

ISBN/ISSN:

9781451825398/1934-7685

Stock No:

1MDGEA2006003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

39

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