IMF Staff Country Reports

Senegal: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency; and Securities Supervision

October 26, 2001

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Senegal: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency; and Securities Supervision", IMF Staff Country Reports 2001, 189 (2001), accessed December 22, 2024, https://doi.org/10.5089/9781451833942.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

Senegal’s financial sector is dominated by 10 commercial banks, which account for more than 85 percent of total financial sector assets. The banking system in the country has gradually regained health and is generally well regulated and supervised. The high concentration of credit risk in bank loan portfolios is unavoidable given that banks have little scope for further portfolio diversification. Microfinance development in the country has kept pace with the dynamic evolution of this sector in the West African Economic and Monetary Union region.

Subject: Banking, Basel Core Principles, Commercial banks, Economic sectors, Financial institutions, Financial markets, Financial regulation and supervision, Financial Sector, Financial Sector Assessment Program, Financial sector policy and analysis, Loans, Market risk, Securities, Securities markets

Keywords: Africa, Bank capital, Banking system, Banque Centrale des Etats, Broad money, Capital market, CFA franc, Commercial banks, Conférence Interafricaine, CR, Credit risk, Exchange rate, Financial sector, Financial Sector Assessment Program, Financial system, Foreign exchange, Housing bank, Insider trading, Institution de Prévoyance Retraite du Sénégal, Interbank market, Interest rate, Intervention instrument, ISCR, Loans, MFP transparency code, Monetary management, Policy transparency, Publication policy, Securities, Securities markets, West Africa, World Bank mission

Publication Details

You May Also Be Interested In...

How Has Dollarization Served Timor-Leste So Far?

December 20, 2024

Industrialization and the Big Push: Theory and Evidence from South Korea

December 20, 2024

Size and Resilience of the Blue Economy in Pacific Island Economies

December 20, 2024

A Confidence-Financial Inclusion Nexus in the Caucasus and Central Asia?

December 20, 2024