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Africa > Madagascar, Republic of

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

  • Type: Journal Issue x
  • Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill x
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Cover Departmental Papers
Stress Testing in Sub-Saharan Africa: Practices, Communications, and Capacity Development
Mindaugas Leika
,
Hector Perez-Saiz
,
Ms. Olga Ilinichna Stankova
, and
Torsten Wezel
The paper finds that supervisory stress tests are conducted in more than half of sub-Saharan African countries, particularly in western and southern Africa, and that the number of individual stress tests has grown exponentially since the early 2010s. By contrast, few central banks publish assessments of macro-financial linkages; the focus leans more toward discussing trends and weaknesses within the financial sector than on outside risks that may negatively affect its performance.
Keywords:
DPPP; DP; risk; financial risk; bank; market; process; liquidity risk; market risk; interest rate; macro-financial risk assessment; risk analysis; Stress testing; Financial sector stability; Communications in revenue administration; Credit risk; Commercial banks; Africa; Sub-Saharan Africa; Global; stress test result; risk weight; IMF TA; banking sector risk; bank supervisor; concentration risk; banking risk; macro-financial risk analysis; asset concentration risk; risk driver
Cover IMF Staff Country Reports
République de Madagascar: Évaluation de la stabilité du système financier
International Monetary Fund. Monetary and Capital Markets Department
Le défi posé aux autorités malgaches est de développer le système financier tout en préservant la stabilité financière. Le secteur financier a survécu relativement bien aux turbulences économiques et politiques des dix dernières années grâce à une stratégie prudente, mais peu de progrès ont été accomplis dans l’approfondissement du marché financier ou l’inclusion financière. Le passage à un régime plus dynamique et ouvert pourrait s’accompagner de risques importants si les règlementations et pratiques prudentielles ne sont pas très sensiblement renforcées.
Keywords:
ISCR; CR; bank; loan; Madagascar; asset; financing; investment funds
Cover IMF Staff Country Reports
Republic of Madagascar: Financial System Stability Assessment
International Monetary Fund. Monetary and Capital Markets Department
This paper discusses key findings of the Financial System Stability Assessment concerning Madagascar. The analysis reveals that the Madagascar’s banking sector is exposed to significant risks, though it has certain buffers, such as high profitability and a stable deposit base. Currently the economy is recovering, and enjoys the prospect of resumption in inflows of foreign aid and investment; inflation is coming down and the balance of payments has strengthened. Banking supervision is not yet able to proactively detect and address emerging risks; doing so will require additional resources and political will. Efforts are also needed to promote financial deepening and inclusion, consistent with the maintenance of stability and consumer protection.
Keywords:
ISCR; CR; bank; loan; Madagascar; asset; financing; investment funds; parent bank; cash settlement; B. bank intervention; bank resolution legislation; classification rule; bank resource; bank declaration; problem loan; bank Fsis; bank stress; internal control regulation; Credit; Loans; Operational risk; Commercial banks; Credit risk; Southern Africa; East Africa; Europe; Global
Cover IMF Staff Country Reports
Republic of Madagascar: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, and Anti-Money Laundering
International Monetary Fund
The insurance sector is underdeveloped and has been inadequately supervised to date, as the regulator lacks the requisite independence, skills, and resources. The three public pension systems, which cover less than 10 percent of the active population, appear to be fiscally unsustainable. The banking regulatory and supervisory framework is broadly adequate, although implementation and enforcement need further strengthening. The weak financial position of the Central Bank of Madagascar (BCM) could undermine macroeconomic and financial policies and contribute to economic and financial instability.
Keywords:
ISCR; CR; bank; loan; asset; capital adequacy ratio; enterprise; central bank; risk perception; balance sheet; financial situation; parent bank; bank savings accounts; banking law; credit history; BCM loan; Operational risk; Commercial banks; Loans; Credit; Nonperforming loans
Cover Multilateral Official Debt Rescheduling
Multilateral Official Debt Rescheduling
Recent Experience, November 1990
Mr. Jorge P. Guzmán
and
Mr. Michael G. Kuhn

Abstract

This paper reviews trends in official debt rescheduling and recent experience with debt renegotiations in the face of the persistent problems of heavily indebted developing countries.

Keywords:
WEFS; debtor country; debt; Paris Club creditor; debt-service reduction operation; Paris Club reschedulings; bank financing package; debt-service obligation; Debt service; Debt rescheduling; Debt reduction; Commercial banks; Debt service payments; Middle East; Eastern Europe
Cover Multilateral Official Debt Rescheduling
Multilateral Official Debt Rescheduling
Recent Experience, May 1988
International Monetary Fund

Abstract

This paper describes developments in multilateral official debt renegotiations over the 18 months through December 1987. The most important new departure in multilateral official debt renegotiations was the adaptation of policies by Paris Club creditors in response to the protracted problems of the poorest and most heavily indebted countries at the same time that other initiatives were launched for low-income countries, including the proposal for enhancement of the IMF’s structural adjustment facility. Official creditors have generally preserved concessional interest rates in the restructuring of official development assistance (ODA) loans; moreover, for the poorest debtors, some creditors have converted such loans into grants. The question of interest concessions on other categories of debts rescheduled by the Paris Club was raised, inter alia, by the Venice summit but no consensus exists among creditors for changing the current practice. By regularly excluding short-term debt from reschedulings, debtors and creditors have also frequently succeeded in protecting the flow of short-term trade financing, which is often vital to the financing of an IMF-supported program.

Keywords:
WEFS; rescheduling agreement; Paris Club creditor; bilateral agreement; repayment term; Paris Club reschedulings; Debt relief; Debt rescheduling; Debt service; Arrears; Private debt; Sub-Saharan Africa; Middle East; Western Hemisphere; Central Asia; East Asia; Paris Club agreement; interest concession; reschedulings debt relief
Cover Recent Developments in External Debt Restructuring
Recent Developments in External Debt Restructuring
Mr. G. Russell Kincaid
,
K. Burke Dillon
,
Mr. Maxwell Watson
, and
Ms. Chanpen Puckahtikom

Abstract

This paper, following two earlier studies, reviews the arrangements for restructuring commercial bank and official debt up to early 1985.

Keywords:
OP; debtor country; debt; lending; clause; debtor; fund arrangement; creditor bank; goodwill clause; restructuring agreement; debtor government; a number of debtor countries; Paris Club creditor; grace period; Debt restructuring; Bank credit; Debt service; Private debt; Western Hemisphere; Africa; Global