South Africa: 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for South Africa

September 14, 2009

Preview Citation

Format: Chicago

South Africa: 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for South Africa, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

The major risk factors faced by the Isle of Man (IOM), which have been given prominence by the global financial crisis, relate to large exposures toward parent banks. The recent global financial markets turmoil has had a significant impact on the Manx financial system. The paper also presents a detailed assessment of IOM’s Observance of the Basel Core Principles for Effective Banking Supervision Report. The Financial Supervision Commission has adequate power to ensure compliance with its regulations and other orders, and it uses power when the occasion demands.

Subject: Balance of payments, Banking, Current account deficits, External debt, Fiscal policy, Inflation, Prices, Public debt

Keywords: Africa, CPI weight, CR, Current account, Current account deficits, Global, Household spending, Inflation, Inflation pressure, Inflation targeting, Infrastructure investment program, ISCR, Mining sector worker, Pay, Staff appraisal, Statement, Worker

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/273
Stock No:

1ZAFEA2009001
ISBN:

9781451841091
ISSN:

1934-7685

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