The Mozambican financial system has made remarkable progress from mono-banking to a full blown, market-based, financial system. Although Mozambican banks are generally profitable and well capitalized, they are exposed to significant credit risk. A number of reforms are needed to enhance the...

This Report on the Observance of Standards and Codes Data Module provides a review of Burkina Faso’s data dissemination practices against the IMF’s general data dissemination system, complemented by an in-depth assessment of the quality of national accounts, consumer price,...

This report summarizes the reviews of compliance and consistency with key principles and standards applicable to financial sector of the Philippines. It reviews compliance with the Basel Core Principles for Effective Banking Supervision, the Committee on Payment and Settlement Systems Core...

The public sector in Peru is clearly distinguished from the rest of the economy, but the existence of various legal and statistical definitions of the government makes it difficult to demarcate it clearly from the rest of the public sector. The recent constitutional reform has strengthened the...

This report on the Russian Federation’s Observance of Standards and Codes reports on the fiscal transparency module. Russia has achieved considerable progress in fiscal transparency and financial management since 1999, although a number of important reforms remain to be undertaken. The...

The Czech government placed high priority on implementing and observing the international standards relevant for financial stability. The supervisory staff exhibited a high understanding of best international supervisory standards, policies, and practices. Nevertheless, the report noted...

The Czech government has made impressive progress in bringing the antimoney laundering (AML) regime of the Czech Republic into compliance with both European and international standards. The Czech government has undertaken important steps toward completing the legal and institutional framework to...

This Report on the Observance of Standards and Codes (ROSC) on the Data Module on El Salvador reviews summary assessment of data quality. Dissemination of data subject to the IMF’s Special Data Dissemination Standard (SDDS) is in observance of all SDDS specifications, including data...

This paper contains a summary assessment of adherence to the Basel Core Principles for Effective Banking Supervision with respect to the offshore sector of St. Vincent and the Grenadines. The St. Vincent and the Grenadines Offshore Finance Authority Act, 1996, and the International Banks Act,...

This paper reviews key findings of the Detailed Assessment of Observance of Standards and Codes in the Financial Sector of Palau. The assessment reveals that there is a relatively low level of compliance with the Basel Core Principles for Effective Banking Supervision. Palau is compliant with...