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

1MDGEA2006003 Image
Price:  $15.00

Release Date: © August, 2006
ISBN : 978-1-45182-539-8
Stock #: 1MDGEA2006003
English
Stock Status: On back-order

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Description

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.

Taxonomy

Anti-money laundering , Banks and banking , Central banks , Financial institutions and markets , Financial system stability assessment , International financial system




More publications in this series: IMF Staff Country Reports