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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...
Persistent link: https://www.econbiz.de/10011244181
progress in strengthening the public financial management systems. The budget document provides comprehensive information …, and impact of public investment. Internal and external audit form the largest gaps in the present public financial … management system. Buy-in and long-term commitment from development partners will be essential. …
Persistent link: https://www.econbiz.de/10011244200
This report summarizes the Observance of Standards and Codes on Fiscal Transparency for the Former Yugoslav Republic of Macedonia. It provides an assessment of fiscal transparency practices in the Former Yugoslav Republic (FYR) of Macedonia in relation to the requirements of the IMF Code of Good...
Persistent link: https://www.econbiz.de/10011244381
This Financial System Stability Assessment on the United Arab Emirates (UAE) examines macroeconomic and financial sector developments. The banking sector as a whole shows comfortable levels of capitalization and profits, having benefited from the rapid expansion of the economy and a steady...
Persistent link: https://www.econbiz.de/10011244595
Timor-Leste is a unitary state and has made significant progress with improving its fiscal transparency. The government has adopted a transparent, fiscally sustainable governance framework for the petroleum sector. Nonetheless, there are still many areas in which Timor-Leste diverges from the...
Persistent link: https://www.econbiz.de/10011244621
help improve budget management decisions, practices and standards, with government financial decisions evaluated ex ante …
Persistent link: https://www.econbiz.de/10011244680
This paper presents a Detailed Assessment of the Isle of Man’s (IOM) Observance of the Basel Core Principles for the Effective Banking Supervision Report. The recent global financial markets turmoil has had a significant impact on the Manx financial system. The IOM has a deposit...
Persistent link: https://www.econbiz.de/10011244688
only two institutions registered. The mission also recommends that the Central Bank of Aruba (CBA) meet with management to … investment and migrant workers, who make up 40 percent of the population and have been key contributors to economic growth. …
Persistent link: https://www.econbiz.de/10011244697
highlights that a strategy for improving transparency and strengthening fiscal management should be included in the reform …
Persistent link: https://www.econbiz.de/10011244796
frameworks of international reserve management and Riksbanken’s (RB’s) are reviewed by authorities. The existing framework is …
Persistent link: https://www.econbiz.de/10011244814