IMF Staff Country Reports

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

August 15, 2006

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International Monetary Fund. Monetary and Capital Markets Department "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", IMF Staff Country Reports 2006, 305 (2006), accessed November 23, 2024, https://doi.org/10.5089/9781451825398.002

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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.

Subject: Banking, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Loans, Money, Nonperforming loans, Operational risk

Keywords: Asset, Balance sheet, Bank, Bank savings accounts, Banking law, BCM loan, Capital adequacy ratio, Central bank, Commercial banks, CR, Credit, Credit history, Enterprise, Financial situation, ISCR, Loan, Loans, Nonperforming loans, Operational risk, Parent bank, Risk perception

Publication Details

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