Republic of Madagascar: Financial System Stability Assessment

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2016 Issue 377

Publication date: December 2016

ISBN: 9781475559736

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Topics covered in this book

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Banks and Banking , Money and Monetary Policy , ISCR , CR , bank , loan , Madagascar , asset , financing , investment funds , parent bank , cash settlement , B , bank intervention , bank resolution legislation , classification rule , bank resource , bank declaration , problem loan , bank Fsis , bank stress , internal control regulation , Credit , Loans , Operational risk , Commercial banks , Credit risk , Southern Africa , East Africa , Europe , Global

Also of interest

Nepal

Republic of Congo : 2001 Article IV

Peru

Malawi

Summary

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.