West African Economic and Monetary Union: Financial Sector Assessment Program–Financial System Stability Assessment

West African Economic and Monetary Union: Financial Sector Assessment Program–Financial System Stability Assessment
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Volume/Issue: Volume 2022 Issue 136
Publication date: May 2022
ISBN: 9798400208133
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Money and Monetary Policy , International - Economics , Business and Financial , World Bank FSAP , Basel III liquidity requirement , FSAP finding , liquidity support , liquidity stress test scenario , Financial Sector Assessment Program , Stress testing , Financial sector stability , Market risk , West Africa

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Summary

The Financial Sector Assessment Program (FSAP) was conducted amid an economic rebound two years into the COVID-19 pandemic that had a limited impact on the financial sector. Several member states have experienced political instability, with coups in Burkina Faso and Mali leading to economic sanctions for the latter, and an attempted coup in Guinea-Bissau. Yet, short of further political deterioration, economic recovery is expected to persist. The last FSAP was conducted in 2008.

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