Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Finance: General

You are looking at 1 - 10 of 88 items for :

  • Type: Journal Issue x
Clear All Modify Search
Cover Technical Assistance Reports
Zimbabwe: Technical Assistance Report-Financial Sector Stability Report Follow Up Technical Assistance on the Implementation of the Basel III Liquidity Framework
International Monetary Fund. African Dept.
and
International Monetary Fund. Monetary and Capital Markets Department
As a follow-up to the 2019 FSSR, a hybrid remote TA mission supported the RBZ on finalizing the implementation of Basel III liquidity framework, with a particular focus on the NSFR. The mission reviewed the drafts of the NSFR regulation and the template for prudential reporting, supported the RBZ to elaborate a questionnaire for a Quantitative Impact Study (QIS), discussed identified gaps with the BSD management and relevant supervisors, delivered training on LCR and NSFR, and provided recommendations on enhancing the drafts. The mission also discussed the outputs of LCR first assessments, highlighting the importance checking the quality of LCR data reported by banks.
Keywords:
Banking regulation; Basel III; Liquidity requirements; Net Stable Funding Ratio; Central Bank; Zimbabwe.; RBZ Banking Supervision Division; Basel III liquidity framework; IMF's Monetary; TA mission; request of the Reserve Bank of Zimbabwe; Liquidity risk; Commercial banks; Liquidity; Global
Cover IMF Staff Country Reports
Botswana: Financial Sector Assessment Program-Detailed Assessment of Observance—Basel Core Principles for Effective Banking Supervision
International Monetary Fund. Monetary and Capital Markets Department
This paper presents Botswana’s Detailed Assessment of Observance—Basel Core Principles for Effective Banking Supervision report. Legislative changes for safeguarding operational independence are needed. The supervisory methodology and bank-rating framework requires a review to be a forward-looking assessment of risk. The supervision approach can be strengthened with greater use of qualitative information as inputs for offsite analysis together with a shorter onsite examination cycle. The capital adequacy framework for banks is largely aligned with the Basel framework and proportionate to the risks and complexities of the local banking industry, with minimum capital requirements being set significantly higher than under the Basel framework. The supervisory approach to management of problem assets, provisions and reserves by banks needs revision. There is a need to develop guidance for supervisors and supervisory methodologies to encourage higher standards of liquidity risk management. Material deficiencies exist in relation to regulations for corporate governance.
Keywords:
IMF-World Bank Financial Sector Assessment Program; Botswana accountancy oversight authority; banking supervision department; amendment Act; asset liability management committee; Market risk; Credit risk; Bank risk management; Operational risk; Liquidity risk; Global
Cover IMF Staff Country Reports
Zimbabwe: Technical Assistance Report—FSSR Follow up Technical Assistance—Implementation of the Basel II/III Capital Framework
International Monetary Fund. Monetary and Capital Markets Department
This Technical Assistance Report on Zimbabwe discusses the Financial Sector Stability Review follow-up technical assistance and implementation of the Basel II/III capital framework. The RBZ should update its current capital regulations in line with the Basel II/III framework. Currently, all banks use standardised approaches for calculating risk-based capital requirements in Zimbabwe. The increased granularity and risk sensitivity introduced in the Standardised Approach of Basel III could be a useful approach for calculating capital requirements for credit risk in Zimbabwe. The implementation of the Basel III Standardised Approach for the calculation of capital requirement for operational risk requires some adjustments in banks’ data collection process. In order to implement Basel III capital requirements for market risk, the RBZ should focus on improvement of the trading book identification criteria and a few updates necessary to move to the Simplified Alternative Standardized Approach. The RBZ should conduct impact studies to facilitate assessment of the transition to Basel III capital requirements.
Keywords:
capital requirement; RBZ regulation; III framework; capital framework; III framework approach; conservation buffer; Basel III; Basel II; Credit risk; Market risk; Operational risk
Cover IMF Staff Country Reports
Zimbabwe: Technical Assistance Report—Financial Soundness Indicators Statistics Mission
International Monetary Fund. Statistics Dept.
This Technical Assistance report on Zimbabwe presents summary and recommendations of financial soundness indicators (FSI) statistics mission. The mission worked with RBZ staff to complete the new FSI metadata (FSM) and institutional coverage (FSIC) templates for Zimbabwe, which will provide additional information to the data users to support macroprudential analysis. The mission confirmed availability of quarterly data for compiling FSIs for insurance companies and pension funds. The mission noted that the Reserve Bank of Zimbabwe (RBZ) staff responsible for compiling FSIs have sufficient technical capacity to compile FSIs but requires further training to support implementation of the 2019 FSIs Guide. The RBZ should report the data using the new Financial Soundness Indicators: Standard Reports forms as well as the metadata and institutional coverage using FSM, and FSIC respectively, by end September 2023. RBZ will update the remaining periods on source data as agreed during the mission. This involves updating the income statements, balance sheet data and supervisory and memorandum series for the remaining periods using the bridge table developed during the mission. In order to support progress in the compilation of FSIs in line with the 2019 FSIs Guide and the dissemination of the data, the mission has prepared a detailed action plan.
Keywords:
Financial Soundness Indicators (FSIs); IMF’s 2019 FSIs Compilation Guide; Technical assistance (TA); FSI data Review; staff team of the International Monetary Fund; FSI data migration; residency concept; RBZ management; RBZ staff; RBZ regulation; Financial soundness indicators; Financial statements; Income; Pension spending; Loans
Cover IMF Staff Country Reports
Zimbabwe: Technical Assistance Report—Financial Sector Stability Review Consolidated Supervision
International Monetary Fund. Monetary and Capital Markets Department
At the request of the Reserve Bank of Zimbabwe (RBZ), the Monetary and Capital Markets (MCM) Department conducted a virtual mission from May 3 to June 10, 2022 to assist the RBZ on strengthening consolidated supervision framework. The main focus was to support the RBZ in updating the RBZ consolidated supervision framework, enhancing prudential reporting on a consolidated basis, strengthening the assessment of banking group’s risks, and intensifying cross-border and interagency cooperation.
Keywords:
RBZ Banking Supervision Division; framework in Zimbabwe; consolidated supervision; IMF's Monetary; request of the Reserve Bank of Zimbabwe; Consolidated banking supervision; Risk-based supervision; Capital adequacy requirements; Bank supervision; Commercial banks; Africa
Cover IMF Staff Country Reports
Zimbabwe: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe
International Monetary Fund. African Dept.
Zimbabwe experienced severe exogenous shocks (cyclone Idai, protracted drought, and the COVID-19 pandemic) during 2019-20, which along with policy missteps in 2019, led to a deep recession and high inflation. Real GDP contracted cumulatively by 11.7 percent during 2019-20 and inflation reached 837 percent (y/y) by July 2020. Reflecting good rainfall and relaxation of containment measures, real GDP rose by 6.3 percent in 2021. A tighter policy stance since mid-2020 (relative to 2019) has contributed to reducing inflation to 60.7 percent (y/y) at end-2021. However, high double-digit inflation and wide parallel foreign exchange (FX) market premia persist. The economic downturn and high inflation increased the financial system vulnerabilities. Extreme poverty has risen and about a third of the population is at risk of food insecurity. The international community seeks improvements in domestic political conditions and economic policies to initiate reengagement with Zimbabwe. The authorities have started token payments to external creditors in a bid to revive international reengagement.
Keywords:
Zimbabwean authorities; anti-corruption strategy; anchor inflation expectation; reintroduced Zimbabwe dollar; determined reform effort; IMF governance diagnostic; overarching policy priority; Exchange rates; Arrears; Global; Sub-Saharan Africa; Africa; Southern Africa
Cover IMF Staff Country Reports
Zimbabwe: Technical Assistance Report-Basel III Implementation
International Monetary Fund. Monetary and Capital Markets Department
As a follow-up to the 2019 FSSR, a remote TA mission supported the RBZ with the implementation of Basel III liquidity standards. The mission reviewed the RBZ drafts of the LCR and NSFR frameworks, discussed identified material gaps with the BSD management and relevant supervisors, and provided many recommendations on enhancing the drafts of liquidity regulations, monitoring tools, reporting templates, and disclosure. Further actions for implementing Basel III liquidity standards were agreed with the RBZ.
Keywords:
banking sector indicator; liquidity standard; staff team of the International Monetary Fund; authoring department; RBZ draft; Liquidity requirements; Liquidity; Liquidity risk; Basel III; Commercial banks
Cover IMF Staff Country Reports
Zimbabwe: Staff-Monitored Program-Press Release and Staff Report
International Monetary Fund. African Dept.
This paper discusses the Staff-Monitored Program (SMP) for Zimbabwe and highlights that the new government that assumed office following the July 2018 elections is committed to addressing the macroeconomic imbalances, removing structural distortions to facilitate a resumption in growth, and to re-engaging with the international community including by clearing its external arrears. The SMP will be monitored on a quarterly basis and is intended to assist the authorities in building a track record of implementation of a coherent set of economic and social policies that can facilitate a return to macroeconomic stability and assist in reengagement with the international community. With limited access to external financing and the very low level of international reserves, the authorities’ room for manoeuvre is very narrow. There are also significant implementation risks of the monetary and exchange rate reforms, as well as addressing governance and corruption weaknesses, which could adversely impact the attainment of SMP objectives.
Keywords:
ISCR; CR; Zimbabwean authorities; nominal GDP; government securities; foreign exchange; private sector; reform agenda; managing director of the IMF; international community; macroeconomic imbalance; Government debt management; Currencies; Inflation; Budget planning and preparation; Africa; risks to the SMP; IMF resident representative
Cover IMF Staff Country Reports
Zimbabwe: Technical Assistance Report-Monetary and Financial Statistics Mission
International Monetary Fund. Statistics Dept.
In response to a request from the Reserve Bank of Zimbabwe (RBZ), and with the support of the International Monetary Fund’s (IMF’s) African Department (AFR), a monetary and financial statistics (MFS) technical assistance mission visited Harare, Zimbabwe, during October 16–27, 2017. The mission’s main objective was to assist the RBZ in finalizing its work of compiling MFS of the Central Bank (CB) and Other Depository Corporations (ODCs) in accordance with the Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG). Compilation of these data will lead to the regular reporting of improved monetary data for publication in International Financial Statistics (IFS) and provide MFS data for use by the IMF African Department (AFR) and the Reserve Bank of Zimbabwe in their research and publications.
Keywords:
ISCR; CR; SRF 2SR; balance sheet; central bank; Zimbabwe; IMF Accounts; RBZ staff; RBZ trial balance; RBZ management; RBZ Director; Financial statements; Commercial banks; Nonbank financial institutions; Currencies; Financial soundness indicators; Africa
Cover Regional Economic Outlook, October 2018, Sub-Saharan Africa
Regional Economic Outlook, October 2018, Sub-Saharan Africa
Capital Flows and The Future of Work
International Monetary Fund. African Dept.

Abstract

The macroeconomic outlook for sub-Saharan Africa continues to strengthen. Growth is expected to increase from 2.7 percent in 2017 to 3.1 percent in 2018, reflecting domestic policy adjustments and a supportive external environment, including continued steady growth in the global economy, higher commodity prices, and accommodative external financing conditions. Inflation is abating; and fiscal imbalances are being contained in many countries. Over the medium term, and on current policies, growth is expected to accelerate to about 4 percent, too low to create the number of jobs needed to absorb anticipated new entrants into labor markets.

Keywords:
REO; Sub-Saharan Africa; exchange rate; country; Zimbabwe dollar; country group composite; low-income country; countries in fragile situation; country abbreviation; Emerging and frontier financial markets; Capital flows; Foreign direct investment; Africa; Global; West Africa; Southern Africa; productivity gain; sub-Saharan Africa sovereign; sub-Saharan Africa's export; flows to sub-Saharan Africa; asset flow; advanced economy; sub-Saharan Africa country; sub-Saharan Africa's convergence; IMF staff calculation; Caribbean; Middle East