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The provision and use of financial services and products that conform to Islamic religious principles pose special challenges for the identification, measurement, monitoring, and control of underlying risks. Effective and efficient risk management in Islamic financial institutions has assumed...
Persistent link: https://www.econbiz.de/10005768894
This Technical Note examines the condition of the banking system for Pakistan. The number of commercial banks and various nonbank financial institutions in the country grew rapidly in the early 1990s. The privatization of state-owned banks has been accompanied by the liberalization in the...
Persistent link: https://www.econbiz.de/10005591742
This paper discusses Tunisia’s First and Second Reviews Under the Stand-by Arrangement and Request for Waivers of Applicability and Nonobservance of Performance Criteria. Program performance has been mixed. A weak budget composition, lower budget commitments, and deferred cash payments to...
Persistent link: https://www.econbiz.de/10011244533
.1 billion, has been disbursed. Background. Tunisia is completing a successful political transition to democracy while navigating …
Persistent link: https://www.econbiz.de/10011244790
EXECUTIVE SUMMARY Context. On June 7, 2013, the Executive Board approved a 24-month Stand-By Arrangement in an amount equivalent to 400 percent of quota (SDR 1.146 billion or about $1.75 billion). To date, SDR 573 million equivalent to $877 million has been disbursed. The pillars of the program...
Persistent link: https://www.econbiz.de/10011245045
EXECUTIVE SUMMARY Context. On June 7, 2013, the Executive Board approved a 24-month SBA in an amount equivalent to 400 percent of quota (SDR 1.15 billion or about $1.75 billion). To date, SDR 427.92 equivalent to $659 million has been disbursed. The pillars of the program are to: (i) achieve...
Persistent link: https://www.econbiz.de/10011242626
Tunisia’s macroeconomic situation has recovered from the post-revolution trough, but fiscal and external buffers have been eroded. Prudent management of monetary policy is crucial for short-term macroeconomic stabilization goals and to build external buffers. The challenges arise from...
Persistent link: https://www.econbiz.de/10011243674
The Central Bank of Tunisia's (CBT) liquidity support contributed to rapid credit growth in Tunisia and an uptick in …
Persistent link: https://www.econbiz.de/10011244023
Over the last two decades, Tunisia has carried out a wide ranging reform program based on improving the competitiveness … of the economy, enhancing the business environment, and increasing trade openness. Tunisia weathered the international … crisis relatively well. Tunisia growth could reach 3.8 percent in 2010 if global growth recovers as expected. Prudent fiscal …
Persistent link: https://www.econbiz.de/10014405911
transparency of monetary policy, banking supervision, and securities market regulation for Tunisia. The assessment reveals that … Tunisia has already achieved a considerable degree of transparency in fiscal management. Further improvements in data …
Persistent link: https://www.econbiz.de/10014410938