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The NBRB revised in 2018 its regulation on asset classification and provisioning (the Regulation). One of the main changes was the introduction of a new definition for NPLs based on the current framework of risk groups (RGs). This definition substitutes the previous term 'problem assets.' One of...
Persistent link: https://www.econbiz.de/10012517674
This paper examines the current state of nonperforming loans (NPLs) in Montenegro, assesses the regulatory and supervisory framework as well as the insolvency and creditor rights regime, and makes recommendations for strengthening the framework. The paper evaluates the legal, regulatory, and...
Persistent link: https://www.econbiz.de/10011675463
) addressing the Belgian labor market-segmentations and distortions. Belgium faces fiscal challenges that call for a substantial …
Persistent link: https://www.econbiz.de/10011460203
This paper discusses economic development and policies of Belgium. The new government has taken important steps to … identified. Tapping Belgium's full labor market potential requires a comprehensive and inclusive jobs strategy …
Persistent link: https://www.econbiz.de/10011460204
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Belgium was hit hard early by Covid-19, but a timely, strong, and sustained health and economic policy response helped …
Persistent link: https://www.econbiz.de/10012697481
This 2020 Article IV Consultation with Belgium highlights that economic activity has held up relatively well over the …
Persistent link: https://www.econbiz.de/10012249330
This Selected Issues paper analyzes Belgium's fiscal stance using a structural stochastic model. This note uses a … buffers is essential to helping Belgium confront the next shock from a stronger fiscal position. Overall, this illustrates a … capacity to react to shocks later. This entails a short-term cost that is, in the case of Belgium, worth the effort as this …
Persistent link: https://www.econbiz.de/10012249331