IMF Staff Country Reports

Senegal: Financial System Stability Assessment Update

April 18, 2005

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 Update", IMF Staff Country Reports 2005, 126 (2005), accessed November 21, 2024, https://doi.org/10.5089/9781451833973.002

Export Citation

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

Summary

This Financial System Stability Assessment Update on Senegal reports that the banking sector remains the cornerstone of the financial sector, and risk concentration remains the main source of vulnerability. The largest microfinance institutions (MFI) are sound, but smaller ones are weaker and need to be consolidated and better supervised. Commercial banks and large MFIs provide credit to small- and medium-sized enterprises, but their access to financial services suffers from asymmetries of information and flaws in the judicial system. The development of the regional capital market has not met expectations.

Subject: Bank credit, Banking, Commercial banks, Credit, Financial institutions, Financial services, Money, Mortgages

Keywords: Africa, Bank, Bank credit, Bank portfolio, Bank-enterprise relationship, Capital base, Commercial banks, CR, Credit, Development bank, Enterprise, Excess reserves, ISCR, Market, Microfinance sector, Mortgages, Senegalese bank, Top-rated small and medium-sized enterprises, West Africa

Publication Details

You May Also Be Interested In...

Foreign Exchange Intervention Under the Integrated Policy Framework: The Case of India

November 15, 2024

Colombia: Technical Assistance Report-Report on the Mineral Asset Accounts and Carbon Footprints Mission (May 20–24, 2024)

November 8, 2024

Implementing Board-Endorsed Recommendations From The 2024 External Evaluation Of The Fund’s Independent Evaluation Office (IEO)

November 7, 2024

The Federal Democratic Republic of Ethiopia: First Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia

November 4, 2024