IMF Concludes 2021 Article IV Consultation with Georgia miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Freedom of insurance
Photo by: Greg Demarque/Executive
The Lebanese insurance industry seems to be in need of new energy. Not only in terms of its objective to participate in the covers of the future oil and gas industry, but also in its fundamental development of company structures and legal infrastructure.
With low growth in insurance premiums – some 4 percent in 2015 according to the annual report by the insurance association and also 4 percent by the end of the third quarter of 2016 in year-to-date terms – insurers are hanging on, some perhaps by the skin of their teeth. It seems that 2015 and 2016 were two of the most difficult years in terms of growth since the old insurance law was updated – but hardly made fit for modern times – in a lengthy process in the 1980s and 1990s.
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IMF Executive Board Concludes Periodic Review of Financial Sector Assessment Program
Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed a periodic review of the Financial Sector Assessment Program (FSAP) on May 12.
This review examined the Fund’s role and responsibilities in the Financial Sector Assessment Program (FSAP) as the global financial stability landscape has continued to evolve. The pandemic has highlighted the importance of assessing financial stability risks from vulnerabilities in the nonfinancial sectors, possibly long-lasting scarring effects, and digitalization. Climate change also has important implications for the financial sector. The review assessed how the FSAP has adapted to the transformation of financial systems and emerging new risks and provided proposals on enhancing the value of the FSAP for national authorities and further strengthening its contribution to Fund financial surveillance. The review was based
Economies in the Financial Spotlight in 2021
By IMFBlog
Throughout 2020 and into 2021, the global financial system withstood the effects of the global pandemic and economic lockdowns due to unprecedented policy support. Strong financial systems that are well regulated and well supervised help maintain financial stability. But like a well calibrated engine on a car, maintenance is key. Each year the IMF takes a look under the hood of select economies, which helps to unmask vulnerabilities that could present bigger problems down the road.
The Financial Sector Assessment Program, or FSAP as it s widely known, helps to assess financial vulnerabilities and make financial systems stronger and better able to withstand adverse events. The IMF considers country-specific features of financial systems and tailors its analysis to the needs of each member participating in the program. Assessments for advanced economies are done by the IMF alone, while those for other economies are typically
Interagency body seeks to boost supervision over financial sector bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.