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Business and Economics > Finance: General

You are looking at 1 - 7 of 7 items for :

  • Type: Journal Issue x
  • High-Level Summary Technical Assistance Reports x
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Cover High-Level Summary Technical Assistance Reports
Bhutan: Development of an Interest Rate Corridor Framework
Oleg Churiy
and
Bernard J Laurens
At the request of the Royal Monetary Authority of Bhutan (RMA), an IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) visited Thimphu during August 20-29, 2024. The mission’s objectives were to assist the authorities in setting up interest rate corridor (IRC) and operationalizing the related instruments, operations, liquidity forecasting, and collateral frameworks.
Keywords:
Monetary policy; International organization; IMF South Asia Regional Training and Technical Assistance Center; capacity development recipient; staff capacity; high-level summary; money market development; Interest rate corridor; Open market operations; Liquidity forecasting; Liquidity management
Cover High-Level Summary Technical Assistance Reports
Namibia: Retail Central Bank Digital Currency Exploration and Roadmap
Tansaya Kunaratskul
,
Qiuyun Shang
,
Anrich Denver Daseman
,
Frankosiligi Solomon
,
Victor Budau
,
Maria Fernanda Chacon Rey
, and
Carl-Andreas Claussen
At the request of the Bank of Namibia (BoN), an IMF mission team conducted a technical assistance (TA) from January 15 to February 1, 2024. The mission assisted the authorities in establishing the groundwork for a feasibility study of a retail central bank digital currency (rCBDC) and drafting a roadmap for the BoN's CBDC exploration. The mission also reviewed requirements for rCBDC issuance, including institutional capacity, technology, cybersecurity, and legal foundations. The mission recommended the BoN assess how rCBDC can improve the payment systems and financial inclusion in Namibia compared to alternative solutions. The authorities are advised to establish a compelling rationale for rCBDC before embarking on a more resource-intensive undertaking. The mission suggested that the BoN continue developing expertise and capacity in rCBDC across policy, technology, and legal domains, including through continued engagement with stakeholders.
Keywords:
Central Bank Digital Currency (CBDC); Digital Money; Payment Systems; Financial Inclusion; IMF mission team; CBDC exploration; request of the Bank of Namibia; capacity development recipient; exploration roadmap; Central Bank digital currencies; Sub-Saharan Africa
Cover High-Level Summary Technical Assistance Reports
India: Review and Evaluation of the Reserve Bank of India’s Stress Test Model Framework
Marco Gross
and
Wei Sun
This report provides a brief summary of the purpose and findings of a technical assistance (TA) mission that was intended to review and evaluate the Reserve Bank of India (RBI)’s stress test model suite, which took place in April 2023. The RBI’s model suite was found to be strong and well developed in numerous respects. The most noteworthy recommendations pertain to credit risk, market risk, and macro-financial scenario design. A detailed list of 28 recommendations spanning all areas was left with the RBI. A detailed TA report accompanies this brief summary report.
Keywords:
Bank solvency risk analysis; liquidity risk analysis; contagion analysis; stress test model framework; IMF team; RBI's model suite; TA mission; summary report; Stress testing; Market risk
Cover High-Level Summary Technical Assistance Reports
Grenada: Systemic Risk Monitoring
Petr Jakubik
The technical assistance aimed to build capacity to monitor and assess systemic risk for non-bank financial institutions in the Grenada Authority for the Regulation of Financial Institutions (GARFIN). The mission underlined the need to clarify the macroprudential mandate and cooperation with the ECCB to conduct the macroprudential work accordingly. A potential extension of the existing Annual Report and Accounts covering key financial stability indicators and their assessment could be considered. It further highlighted the need to revise the existing reporting templates to reflect systemic risk better. Finally, the important role of the data management system was underlined.
Keywords:
contagion risk; pension balance sheets; IMF capacity development recipient; Systemic risk assessment; Financial sector stability; Financial sector risk; Stress testing; Caribbean
Cover High-Level Summary Technical Assistance Reports
Jamaica: Systemic Risk Monitoring
Petr Jakubik
The technical assistance mission aimed to build capacity to enhance financial stability analyses and assessments in the Bank of Jamaica. It reviewed the latest available Financial Stability Report and the analytical toolkit. In particular, the mission helped the bank to estimate sectoral credit risk models to enhance the forward-looking element of its financial stability assessment. It provided several recommendations that covered the financial stability report, methodological work on the financial stability analytical toolkit, internal and external communication, and data sources and their management. It concluded that financial stability should be seen as equally important as monetary policy and supervision.
Keywords:
financial stability; financial stability report; systemic risk; stress testing; credit risk modeling; sectoral credit risk model; assessments in the Bank of Jamaica; contagion risk; capacity development recipient; Financial sector stability; Financial stability assessment; Caribbean
Cover High-Level Summary Technical Assistance Reports
Barbados: Financial Stability Report
Petr Jakubik
The technical assistance is focused on enhancing the joint financial stability report of the Central Bank of Barbados and the Barbados Financial Services Commission. The mission concluded that the preparation of a detailed FSR production plan and communication strategy is of critical importance and could facilitate improvements and promote the report. The report should encompass all crucial elements of financial stability assessment and needs to be streamlined to follow the central storyline with key messages. The quality of the report could be further enhanced though advancements in the analytical toolkit employed and the utilization of all available data sources.
Keywords:
financial stability; financial stability report; systemic risk; analytical toolkit; FSR production plan; IMF capacity development recipient; high-level summary; FSR process; implementation plan; Financial sector stability; Financial sector risk; Central bank bills; Financial stability assessment; Caribbean
Cover High-Level Summary Technical Assistance Reports
Kingdom of Eswatini: Financial Sector Stability Review
Anastassiya Marina
,
Phousnith Khay
,
David Farelius
,
Vernon McKinley
,
Ravi M Periyakavil R.
, and
Rodolfo Wehrhahn
The IMF conducted a diagnostic review of the financial system of the Kingdom of Eswatini and proposed a Technical Assistance Roadmap to support the authorities’ detection of risks and vulnerabilities and to enhance capacity in financial sector oversight. The financial stability module focused on areas agreed with the country authorities: financial stability and systemic risk monitoring, macroprudential frameworks and tools; crisis management and financial safety net; and supervision and regulation of banks, nonbank deposit-taking institutions, insurance, and retirement funds. The financial sector statistics module focused on key gaps in monetary and financial statistics and financial soundness indicators that hamper financial stability analysis.
Keywords:
Kingdom of Eswatini; Eswatini; CBE; FSRA; FSSR; financial stability; systemic risk; macroprudential frameworks; stress testing; crisis management; financial safety net; banking supervision and regulation; nonbanking supervision and regulation; deposit-taking institutions; insurance; and retirement funds; banks nonbank deposit-taking institution; MCM TA recommendation; sequenced TA roadmap; oversight framework; capital market intermediary; Financial sector stability; Financial Sector Stability Review; Nonbank financial institutions; Financial statistics