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Author Chu, Lily L
Title Financial Sector Assessment Program : IEG Review of the Joint World Bank and IMF Initiative
Imprint Herndon : World Bank Publications, 2006
book jacket
Descript 1 online resource (94 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note Contents -- Acknowledgments -- Foreword -- Preface -- Executive Summary -- Acronyms and Abbreviations -- 1 Introduction -- Main Objectives of FSAP -- Design and Implementation of the FSAP -- Scope of the Evaluation -- 2 Relevance, Program Design, and Inputs -- Relevance -- Country Selection -- Scope of Assessments -- Updates -- Costs -- Advance Preparation -- Review Stage and Staffing -- Joint Program between the IMF and World Bank -- 3 Outputs -- Quality of Analysis -- Articulation of Findings -- Informing the Executive Boards of the World Bank and IMF -- 4 Impact of the FSAP -- Policy Debate -- Implementation of Recommendations -- Integration with Bank Country Programs -- Knowledge Sharing at the Bank -- Influence on the IMF -- Influence on other Donors, IFIs, and Agencies -- Standard Setters -- Influence on Financial Markets -- Disclosure -- 5 Key Findings and Recommendations -- Recommendations -- Appendixes -- A: Assessment and Updates -- B: FSAP Framework -- C: Methodology for FSAP Evaluation -- D: Survey of Stakeholders -- E: Management Response -- F: Chairman's Summary, Committee on Development Effectiveness (CODE) -- Endnotes -- References -- Boxes -- 3.1 Stress Testing -- 3.2 Different Approaches to Nonbanking Issues -- 3.3 Assessment of FSAP Updates -- 4.1 Link between the FSAP and Bank Programs -- 4.2 Donor Concerns About the FSAP -- Figures -- 2.1 Percentage of Countries with FSAPs -- 2.2 Recommended Frequency of FSAP Updates -- 2.3 Average FSAP Cost by Income Level -- 2.4 Satisfaction with Comments from Bank Departments -- 2.5 Satisfaction with Comments from IMF Departments -- 3.1 Most Useful Analytical Components -- 3.2 Reasons for Noncandid FSAP Recommendations -- 4.1 Reasons Why Authorities Requested an FSAP -- 4.2 Contributions to the Policy Debate -- 4.3 Degree of Implementation of FSAP Recommendations -- Tables
2.1 Select Countries with Financial Crises: Changes in Poverty Rates and GDP -- 2.2 Countries with FSAPs, by Income Level -- 2.3 Percentage of Countries with FSAPs per Bank Region -- 2.4 Frequency of Assessment Done in Fiscal Years 2000-04 -- 2.5 ROSCs per Category of Country -- 2.6 Completion Times of FSAP Documents -- 3.1 Summary of Results of Detailed Reviews -- 3.2 Completed and Disclosed FSAP Documents -- 4.1 Usefulness of FSAP Areas
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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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Chu, Lily L. Financial Sector Assessment Program : IEG Review of the Joint World Bank and IMF Initiative Herndon : World Bank Publications,c2006 9780821366523
Subject World Bank.;Finance -- Developing countries -- Evaluation.;International finance
Electronic books
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