Algeria Financial System Stability Assessment

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 55 pages
File Size : 49,5 Mb
Release : 2014-06-10
Category : Business & Economics
ISBN : 9781498328739

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Algeria by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses key findings of the Financial System Stability Assessment on Algeria. The global crisis has had virtually no impact on Algeria’s financial system, which remains stable overall but thoroughly underdeveloped. Pervasive exchange controls, widespread public ownership, and an abundance of domestic funding have protected banks from external shocks. Financial sector reforms have been pushed to the backburner by the emergence of global financial and regional political turmoil, with privatization of banks halted and consumer lending suspended. The authorities have also made progress in a number of areas implementing the recommendations of the 2007 Financial Sector Assessment Program update.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 39 pages
File Size : 42,7 Mb
Release : 2004-05-17
Category : Business & Economics
ISBN : 9781451811445

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Algeria by International Monetary Fund Pdf

Algeria’s Financial System Stability Assessment highlights the Observance of Standards and Codes on monetary and financial policy transparency and banking supervision. Financial intermediation in Algeria will be bank-based in the future, and only politically difficult decisions to gradually sell state banks will eliminate the drag that current banking practices have on resource allocation. No system dominated by state banks has avoided large loan losses or contributed effectively to economic development.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 74 pages
File Size : 43,8 Mb
Release : 2019-07-24
Category : Business & Economics
ISBN : 9781513508276

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France by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Financial System Stability Assessment paper on France provides summary of an assessment of the financial system. Dominated by internationally active financial conglomerates, the French financial system has made important progress since the last financial stability assessment program (FSAP). In order to address a build-up of systemic risks, the authorities have proactively used macroprudential measures and public communication. The government is pursuing a strategy to prepare Paris as a key financial hub, including by promoting crypto-assets, fintech, green finance, and market entry. Banking and insurance business lines, and the corporate sector, carry important financial vulnerabilities that need close attention. The FSAP thus has recommended augmenting policy tools to contain vulnerabilities and continue to act pre-emptively if systemic risks intensify. In order to mitigate intensification of corporate—and potentially household—vulnerabilities, the FSAP proposed: active engagement with the European Central Bank on the possible use of bank-specific measures; considering fiscal measures to incentivize corporates to finance through equity rather than debt; and a sectoral systemic risk buffer.

Author : Fondo Monetario Internacional
Publisher : Unknown
Page : 0 pages
File Size : 40,7 Mb
Release : 2004
Category : Electronic
ISBN : OCLC:906223993

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Algeria by Fondo Monetario Internacional Pdf

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 62 pages
File Size : 41,6 Mb
Release : 2014-10-22
Category : Business & Economics
ISBN : 9781484394779

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Democratic Republic of the Congo by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Financial System Stability Assessment on the Democratic Republic of the Congo highlights that the Congolese financial sector has recovered from the crisis of 2009 but is at a crossroads. Although reforms have been initiated, the system remains shallow, highly dollarized, and characterized by balance sheet fragilities. The authorities have announced a de-dollarization process; however, greater progress on reforms to strengthen the financial system is needed to support financial deepening and economic growth. The team’s analysis suggests that the financial system remains vulnerable. Resilience to shocks is undermined by the lack of risk-based supervision, lax regulation and weak enforcement of existing regulations, low profitability, and an excessive reliance on sight deposits. Steps are also needed to improve the capacity for micro- and macroprudential supervision. The implementation of risk-based supervision for individual banks is a critical prerequisite for effective crisis prevention. Assessments of bank-specific and systemic soundness are severely handicapped by weak supervisory data and other information gaps. There are significant weaknesses in accounting and auditing practices and, even if indicators suggest high capitalization levels, a more detailed analysis suggests banks are under-provisioned, partly owing to lax definitions of nonperforming loans and provisioning rules.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 24 pages
File Size : 40,7 Mb
Release : 2005-04-18
Category : Business & Economics
ISBN : 9781451833973

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Senegal by International Monetary Fund Pdf

This Financial System Stability Assessment Update on Senegal reports that the banking sector remains the cornerstone of the financial sector, and risk concentration remains the main source of vulnerability. The largest microfinance institutions (MFI) are sound, but smaller ones are weaker and need to be consolidated and better supervised. Commercial banks and large MFIs provide credit to small- and medium-sized enterprises, but their access to financial services suffers from asymmetries of information and flaws in the judicial system. The development of the regional capital market has not met expectations.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 41 pages
File Size : 47,9 Mb
Release : 2008-10-14
Category : Business & Economics
ISBN : 9781451824834

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Morocco by International Monetary Fund Pdf

This paper presents an update to the Financial System Stability Assessment on Morocco. Major reforms have been achieved since the 2002 Financial Sector Assessment Program (FSAP) within a policy of actively promoting economic and financial sector opening. The 2002 FSAP recommendations have been largely implemented. Although the financial system is stable and considerably more robust than in the past, the liberalization of capital flows and increased exchange rate flexibility present challenges for the monetary authorities, financial regulators, financial institutions, and markets.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 30 pages
File Size : 55,6 Mb
Release : 2012-08-13
Category : Business & Economics
ISBN : 9781475505825

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Tunisia by International Monetary Fund Pdf

The Central Bank of Tunisia's (CBT) liquidity support contributed to rapid credit growth in Tunisia and an uptick in inflation. The Tunisian economy is expected to recover gradually. Banking sector vulnerabilities are much higher, and stress tests indicate that the banking sector may face large recapitalization needs. Improving financial intermediation efficiency, antimoney laundering, and combating the financing of terrorism is required. A comprehensive capital market reform is needed to support long-term investment. Banking sector reform should improve access to finance for individuals, and small and medium enterprises.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 70 pages
File Size : 55,9 Mb
Release : 2017-01-24
Category : Business & Economics
ISBN : 9781475570816

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Lebanon by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses findings of the assessment of Lebanon’s financial system. Lebanon has maintained financial stability for the last quarter century during repeated shocks and challenges. Over time, macroeconomic and financial vulnerabilities have accumulated. Although central bank policies have helped to maintain confidence, fiscal adjustment is needed to reduce risks to financial stability. The banking system has thus far proven resilient to domestic shocks and regional turmoil, but the materialization of severe shocks could expose vulnerabilities. Significant progress has been made to further strengthen Lebanon’s financial integrity framework, with some scope for improvement remaining.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 47 pages
File Size : 49,9 Mb
Release : 2016-02-08
Category : Business & Economics
ISBN : 9781475514216

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Morocco by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper assesses financial sector vulnerabilities, the policy oversight framework, bank resolution, and financial safety nets. The assessment is intended to help Moroccan government identify key sources of systemic risk in the financial sector and implement policies to enhance its resilience to shocks and contagion. Since the 2007 Financial Sector Assessment Program update, Morocco's financial system has grown in size and complexity, with increased links between the banking and insurance sectors and a significant expansion into sub-Saharan Africa. Although banks are adequately capitalized and profitable, with stable funding, they are vulnerable to large corporate defaults and deposit withdrawals. But the new banking law has helped in strengthening the banking sector.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 48 pages
File Size : 49,5 Mb
Release : 2016-12-15
Category : Business & Economics
ISBN : 9781475559750

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Republic of Madagascar by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses key findings of the Financial System Stability Assessment concerning Madagascar. The analysis reveals that the Madagascar’s banking sector is exposed to significant risks, though it has certain buffers, such as high profitability and a stable deposit base. Currently the economy is recovering, and enjoys the prospect of resumption in inflows of foreign aid and investment; inflation is coming down and the balance of payments has strengthened. Banking supervision is not yet able to proactively detect and address emerging risks; doing so will require additional resources and political will. Efforts are also needed to promote financial deepening and inclusion, consistent with the maintenance of stability and consumer protection.

Author : International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
Page : 67 pages
File Size : 52,9 Mb
Release : 2016-05-18
Category : Business & Economics
ISBN : 9781484358351

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Algeria by International Monetary Fund. Middle East and Central Asia Dept. Pdf

This paper develops a structural macroeconomic model for Algeria that can help inform the discussion of the policy choices faced by the authorities. The model captures the core dynamics of Algeria’s macro-economy and provides an organizing framework for forecasting and policy analysis that can facilitate an assessment of the optimal policy responses to oil shocks and the implications for macroeconomic stability. This paper also examines Algeria’s main subsidies and proposes reform strategies, drawing on cross-country experiences, and discusses the channels through which a prolonged period of low oil prices may affect the banking sector, together with the policies needed to mitigate emerging financial stability risks.

Author : Fondo Monetario Internacional
Publisher : Unknown
Page : 32 pages
File Size : 44,9 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:906236214

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Tunisia by Fondo Monetario Internacional Pdf

Author : International Monetary Fund
Publisher : Unknown
Page : 46 pages
File Size : 47,5 Mb
Release : 2006
Category : Electronic
ISBN : 1451837909

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Tunisia by International Monetary Fund Pdf

From the 2002 Financial Sector Assessment Program (FSAP), a number of structural reforms have been carried out in the financial system. A number of measures have been taken in the regulatory, fiscal, and legal areas to improve credit quality and financial transparency. The stress test confirms the system's vulnerability to a sharp fall in real estate business. The banking sector plays a predominant role in financing the economy. New regulations requiring banks to strengthen credit evaluation and approval procedures are discussed. Measures have been taken to liberalize the capital account.

Author : Mr.Abdelali Jbili
Publisher : International Monetary Fund
Page : 39 pages
File Size : 50,9 Mb
Release : 1997-07-01
Category : Business & Economics
ISBN : 9781451955170

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Financial Sector Reforms in Algeria, Morocco, and Tunisia by Mr.Abdelali Jbili Pdf

This paper reviews and assesses the financial sector reforms in Algeria, Morocco and Tunisia. After a description of the financial sector before reforms, it explains the main features of the comprehensive reform process in each country. It also reviews the sequencing of reforms and discusses econometric evidence of the impact of the reforms on saving in each of the three countries. Subsequently, the paper sets out remaining issues to be addressed in the three countries, including a further strengthening of the banking system and development of financial instruments and markets.