Gabon: Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Insurance Regulation

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2002 Issue 098

Publication date: May 2002

ISBN: 9781451813920

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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 , Public Finance , ISCR , CR , solvency ratio , monetary policy , bank assets , publishing requirement , bank customer , capital base , long position , market structure , banking sector , central bank , banking system , Commercial banks , Insurance , Insurance companies , Internal controls , Solvency , Africa , Central Africa , Global

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Summary

This paper presents key findings of the Financial System Stability Assessment for Gabon, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Insurance Regulation. The assessment reveals that the Gabonese financial sector is dominated by a relatively sound but small banking sector that focuses squarely on the formal sector. The operating environment is characterized by a fixed peg to the euro, heavy dependence on oil exports, and continued government presence in both the enterprise and financial sectors.