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Home > Business & Economics > Economics > Money & Monetary Policy > Financial Sector Assessment Program: IEG Review of the Joint World Bank and IMF Initiative
Financial Sector Assessment Program: IEG Review of the Joint World Bank and IMF Initiative
by Chu, Lily L.
 
 
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Financial Sector Assessment Program: IEG Review of the Joint World Bank and IMF Initiative
"The Financial Sector Assessment Program (FSAP) is a major initiative, undertaken jointly by the World Bank and the IMF, in response to the financial crises of the late 1990s. The ultimate objectives of the program are (i) the identification and resolution of financial sector vulnerabilities and their macroeconomic stability implications; and (ii) fostering financial sector development and its contribution to economic growth. In addition, the FSAP was expected to help the Bank, Fund, and other institutions design appropriate assistance to address issues identified by the FSAP. The evaluation found that the FSAP is a good quality diagnostic tool. Joint Bank-Fund cooperation has allowed an integrated approach towards financial sector vulnerabilities and development needs, and has expanded the depth and quality of the skills base. The assessments, however, fall short in prioritizing recommendations and integrating the findings and recommendations of the assessments into its overall programs. "


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Title of ebook: Financial Sector Assessment Program: IEG Review of the Joint World Bank and IMF Initiative
ISBN: 9780821366530
parent-ISBN: 9780821366523
Publisher: The World Bank
Internet download file size: 944 kb
Published: 06-2006
Released online for download: 06-09-2006
Author of eBook: Chu, Lily L.
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