South Africa: Financial Sector Assessment Program-Financial System Stability Assessment

Author: International Monetary Fund. Monetary and Capital Markets Department

Financial Sector Assessment Program-Financial System Stability Assessment

Volume/Issue: Volume 2022 Issue 039

Publication date: February 2022

ISBN: 9798400200885

$5.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

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 , B , bank solvency stress tests , IMF mission chief , foster market entry , increase capital market financing , coverage ratio , financial system structure , FSAP finding , D , nonbank risk analysis , Financial Sector Assessment Program , Stress testing , Insurance companies , COVID-19 , Africa , Global

Also of interest

Nepal

Republic of Congo : 2001 Article IV

Peru

Summary

The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected future low growth, high unemployment and adverse debt dynamics, and the recovery pace is unlikely to be sustained. Ample buffers allowed the financial system to handle the COVID-19 shock relatively well, but domestic and external downside risks remain substantial—with potential implications for asset quality, profitability, and solvency.