Narrow Your Choices

Refine By Topic

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

Asia and Pacific > Maldives

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Financial institutions x
Clear All Modify Search
Cover IMF Staff Country Reports
Maldives: Financial Sector Assessment Program-Technical Note on Bank Stress Testing and Climate Risk Analysis
International Monetary Fund. Monetary and Capital Markets Department
This paper presents a technical note on bank stress testing and climate risks analysis in Maldives. Although the Maldives’ economy has rebounded strongly from the pandemic-induced contraction, macro and financial vulnerabilities remain. The stress test results broadly corroborated the identified vulnerabilities and quantified them. The climate risk analysis considered a micro approach that shocks banks’ immovable asset related loans under three climate scenarios. The system appears well capitalized, although capital ratios are biased upward by large government paper holdings with zero risk weights. The results of the solvency stress test corroborate that banks are less vulnerable to credit risk than they are to the impact of a possible unraveling of the sovereign–bank nexus. Banks’ nonperforming loans (NPL) ratios are projected to increase slightly in the baseline and moderately under stress. The resulting additional loan loss provisions are easily offset by ample pre-provision income.
Keywords:
summary market Risk sensitivity analysis result; market risk sensitivity analysis result; B. liquidity coverage ratio; aggregate capitalization; deposit concentration sensitivity analysis; market Risk sensitivity analysis result; summary solvency Risk result; sensitivity analysis assumption; Stress testing; Nonperforming loans; Loans; Currencies; Commercial banks; Global
Cover IMF Staff Country Reports
Maldives: Technical Assistance Report-Financial Soundness Indicators Mission
International Monetary Fund. Statistics Dept.
This Technical Assistance report on the Maldives discusses the findings and recommendations of financial soundness indicators (FSI) statistics mission. The mission, in collaboration with the staff of the Maldives Monetary Authority, updated the existing bridge tables to compile FSIs for deposit takers (DT) and developed new ones for insurance corporations, other financial corporations and households for reporting to IMF’s Statistics Department. The mission found that source data for compiling FSIs for DTs, and ICs are broadly adequate and generally meet the criteria established by the 2019 FSIs Guide for publication on the FSIs data portal. The commercial banks operating in Maldives have already adopted the International Financial Reporting Standard 9 (IFRS 9). The capital adequacy ratios of banks followed mainly the Basel I framework. The definitions of nonperforming loans and liquid assets are reviewed during the mission and recommendations are provided to update the definitions in line with the 2019 FSIs Guide and IFRS 9. The mission also recommends the publication of the new metadata and institutional coverage report forms accompanying the publication of FSIs.
Keywords:
Maldives; Financial Soundness Indicators; 2019 FSIs Guide; Deposit takers; Other financial corporations; Insurance Corporations; H. FSIs data; TA mission; MMA staff; FSIs Guide; FSIs coverage; Maldives pension administration office; Financial statements; Loans; Real estate prices; Financial sector
Cover Policy Papers
Small States Resilience to Natural Disasters and Climate Change - Role for the IMF
International Monetary Fund
Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP—more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as greater vulnerability to severe disasters. About 9 percent of disasters in small states involve damage of more than 30 percent of GDP, compared to less than 1 percent for larger states. Greater exposure to disasters has important macroeconomic effects on small states, resulting in lower investment, lower GDP per capita, higher poverty, and a more volatile revenue base.
Keywords:
PP; climate change financing; contingent financing arrangement; disaster risk financing tool kit; financing needs; Fund emergency financing; low income; Fund financing; balance of payments; disaster financing approach; debt management; central bank; B. risk financing toolkit; Natural disasters; Climate change; Climate finance; Disaster aid; Insurance; Global; Pacific Islands; Caribbean; Sub-Saharan Africa
Cover IMF Working Papers
Assessing Countries’ Financial Inclusion Standing - A New Composite Index
Mr. Alexander Massara
and
André Mialou
This paper leverages the IMF’s Financial Access Survey (FAS) database to construct a new composite index of financial inclusion. The topic of financial inclusion has gathered significant attention in recent years. Various initiatives have been undertaken by central banks both in advanced and developing countries to promote financial inclusion. The issue has also attracted increasing interest from the international community with the G-20, IMF, and World Bank Group assuming an active role in developing and collecting financial inclusion data and promoting best practices to improve financial inclusion. There is general recognition among policy makers that financial inclusion plays a significant role in sustaining employment, economic growth, and financial stability. Nonetheless, the issue of its robust measurement is still outstanding. The new composite index uses factor analysis to derive a weighting methodology whose absence has been the most persistent of the criticisms of previous indices. Countries are then ranked based on the new composite index, providing an additional analytical tool which could be used for surveillance and policy purposes on a regular basis.
Keywords:
WP; income group; factor analysis; Financial inclusion; access and usage of financial services; index; borrowers variable; a number of variable; outreach variable; cross-dimension composite index; scale invariance; household depositor; composite index value; usage variable; normalized variable; geometric mean; Public expenditure review; Personal income; Commercial banks; Global