IMF Staff Country Reports

Namibia: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision

February 27, 2007

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International Monetary Fund. Monetary and Capital Markets Department "Namibia: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision", IMF Staff Country Reports 2007, 083 (2007), accessed November 23, 2024, https://doi.org/10.5089/9781451828443.002

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Summary

This paper discusses key findings of the Financial System Stability Assessment for Namibia, including the Report on the Observance of Standards and Codes on Banking Supervision. The financial system of Namibia appears healthy, well-run, and resilient to plausible macroeconomic shocks. Namibia has one of the most sophisticated and highly developed financial systems in Africa. It comprises a diverse range of institutions, which are mostly private. The banking sector is mature, profitable, and well capitalized. The nonbank financial institutions sector is also well developed.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Crime, Expenditure, Financial institutions, Financial services, Insurance companies, Pension spending

Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank, Commercial banks, CR, Credit risk, Financial institution, Institutional investor, Insurance companies, Investment opportunity, ISCR, Market, Market conduct rule, Market discipline, Market practice, Market-oriented economy, Namibia, Parent bank, Pension spending, Private equity, Risk profile, Supervisory capability

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