Gabon : Financial Sector Assessment

The report is a joint International Monetary Fund IMF-World Bank Financial Sector Assessment Program (FSAP), which examined Gabon's macroeconomic and financial context, and identified its financial soundness, as well as vulnerabilities. The co...

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Main Author:	World Bank
Format:	Financial Sector Assessment Program (FSAP)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTING ASSET DIVERSIFICATION AUTHORITY BANK ACCOUNTS BANKING SECTOR BANKING STRUCTURE BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKS BROKERS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CIVIL SERVICE COMMERCIAL BANKS CONFLICT OF INTERESTS CONSUMER PROTECTION DEPOSITS EMPLOYMENT ENACTMENT ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURE FINANCIAL ASSETS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL VIABILITY FISCAL FISCAL POLICY FISCAL PROBLEMS FISCAL REVENUES FOREIGN BANKS FOREIGN EXCHANGE FORESTRY GOVERNMENT OWNERSHIP GOVERNMENT REVENUES INCOME INSURANCE INSURANCE MARKETS INTERNATIONALIZATION JUDICIARY LACK OF CLARITY LACK OF COMPETITION LAWS LEGISLATION LEGISLATIVE FRAMEWORK LIQUIDATION LIQUIDITY LITIGATION MARKET RISK MICROFINANCE MORAL HAZARD OIL OIL SECTOR OPERATIONAL RISKS PAYMENTS ARREARS PENSIONS POLITICAL CONSENSUS PRESIDENCY PRIVATIZATION PRIVATIZATION OF STATE PROFITABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FINANCES PUBLIC SECTOR REGULATORY FRAMEWORK SAVINGS SECURITIES SOCIAL SECURITY SOLVENCY STATE ENTERPRISES STATE OWNERSHIP STOCK EXCHANGES SUBSIDIARIES SUPERVISORY AUTHORITIES TRANSPARENCY VULNERABILITY FINANCIAL SECTOR BANKING SYSTEMS FINANCIAL MANAGEMENT GOVERNMENT ROLE STATE OWNED ENTERPRISES BANKING REGULATIONS RISK MANAGEMENT FISCAL CONSTRAINTS LEGAL & REGULATORY FRAMEWORK SUPERVISORY STRUCTURES JUDICIAL ADMINISTRATION BUSINESS ENVIRONMENT INSURANCE INDUSTRY INSTITUTIONAL CAPACITY RISK DIVERSIFICATION STOCK MARKETS REGIONAL INTEGRATION
Online Access:	http://documents.worldbank.org/curated/en/2003/04/2224540/gabon-financial-sector-assessment http://hdl.handle.net/10986/14347

id	okr-10986-14347
recordtype	oai_dc
spelling	okr-10986-143472021-04-23T14:03:16Z Gabon : Financial Sector Assessment World Bank ACCOUNTING ASSET DIVERSIFICATION AUTHORITY BANK ACCOUNTS BANKING SECTOR BANKING STRUCTURE BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKS BROKERS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CIVIL SERVICE COMMERCIAL BANKS CONFLICT OF INTERESTS CONSUMER PROTECTION DEPOSITS EMPLOYMENT ENACTMENT ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURE FINANCIAL ASSETS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL VIABILITY FISCAL FISCAL POLICY FISCAL PROBLEMS FISCAL REVENUES FOREIGN BANKS FOREIGN EXCHANGE FORESTRY GOVERNMENT OWNERSHIP GOVERNMENT REVENUES INCOME INSURANCE INSURANCE MARKETS INTERNATIONALIZATION JUDICIARY LACK OF CLARITY LACK OF COMPETITION LAWS LEGISLATION LEGISLATIVE FRAMEWORK LIQUIDATION LIQUIDITY LITIGATION MARKET RISK MICROFINANCE MORAL HAZARD OIL OIL SECTOR OPERATIONAL RISKS PAYMENTS ARREARS PENSIONS POLITICAL CONSENSUS PRESIDENCY PRIVATIZATION PRIVATIZATION OF STATE PROFITABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FINANCES PUBLIC SECTOR REGULATORY FRAMEWORK SAVINGS SECURITIES SOCIAL SECURITY SOLVENCY STATE ENTERPRISES STATE OWNERSHIP STOCK EXCHANGES SUBSIDIARIES SUPERVISORY AUTHORITIES TRANSPARENCY VULNERABILITY FINANCIAL SECTOR BANKING SYSTEMS FINANCIAL MANAGEMENT OIL SECTOR GOVERNMENT ROLE STATE OWNED ENTERPRISES BANKING REGULATIONS RISK MANAGEMENT FISCAL CONSTRAINTS LEGAL & REGULATORY FRAMEWORK SUPERVISORY STRUCTURES JUDICIAL ADMINISTRATION BUSINESS ENVIRONMENT INSURANCE INDUSTRY INSTITUTIONAL CAPACITY LITIGATION RISK DIVERSIFICATION STOCK MARKETS REGIONAL INTEGRATION MICROFINANCE The report is a joint International Monetary Fund IMF-World Bank Financial Sector Assessment Program (FSAP), which examined Gabon's macroeconomic and financial context, and identified its financial soundness, as well as vulnerabilities. The country's financial sector is overall, profitable and stable, though still relatively underdeveloped. Banks - which dominate the financial sector - find their activities and growth potential, limited by the size of the non-oil economy, given that financing of the oil sector is largely undertaken outside the country. While the government retains a strong role in the financial sector, as owner and as client, through public enterprises, solvency levels in some of the banks are close to the forthcoming regulatory minimum of eight percent (effective in 2004).This risk is enhanced by the banking sector's portfolio concentration. Moreover, fiscal problems have in the past had direct, and indirect negative repercussions on the performance of the financial sector. The report further analyzes the legal, regulatory and supervisory issues, stating the judicial system is deficient, enhancing risks and costs of doing business, including for the financial sector, while the insurance market is for the most part, stagnant, and lacking product innovation. Recommendations for legal and judicial issues include a strengthened framework that enables transparency, including predictability in the disposition of financial sector litigation; and, recommendations for the financial sector development suggest pursuing adequate risk diversification strategies; merging with regional stock exchanges; and, identifying financial mechanisms to establish a micro-finance sector. 2013-07-01T22:17:54Z 2013-07-01T22:17:54Z 2003-04 http://documents.worldbank.org/curated/en/2003/04/2224540/gabon-financial-sector-assessment http://hdl.handle.net/10986/14347 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Africa Gabon
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING ASSET DIVERSIFICATION AUTHORITY BANK ACCOUNTS BANKING SECTOR BANKING STRUCTURE BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKS BROKERS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CIVIL SERVICE COMMERCIAL BANKS CONFLICT OF INTERESTS CONSUMER PROTECTION DEPOSITS EMPLOYMENT ENACTMENT ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURE FINANCIAL ASSETS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL VIABILITY FISCAL FISCAL POLICY FISCAL PROBLEMS FISCAL REVENUES FOREIGN BANKS FOREIGN EXCHANGE FORESTRY GOVERNMENT OWNERSHIP GOVERNMENT REVENUES INCOME INSURANCE INSURANCE MARKETS INTERNATIONALIZATION JUDICIARY LACK OF CLARITY LACK OF COMPETITION LAWS LEGISLATION LEGISLATIVE FRAMEWORK LIQUIDATION LIQUIDITY LITIGATION MARKET RISK MICROFINANCE MORAL HAZARD OIL OIL SECTOR OPERATIONAL RISKS PAYMENTS ARREARS PENSIONS POLITICAL CONSENSUS PRESIDENCY PRIVATIZATION PRIVATIZATION OF STATE PROFITABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FINANCES PUBLIC SECTOR REGULATORY FRAMEWORK SAVINGS SECURITIES SOCIAL SECURITY SOLVENCY STATE ENTERPRISES STATE OWNERSHIP STOCK EXCHANGES SUBSIDIARIES SUPERVISORY AUTHORITIES TRANSPARENCY VULNERABILITY FINANCIAL SECTOR BANKING SYSTEMS FINANCIAL MANAGEMENT OIL SECTOR GOVERNMENT ROLE STATE OWNED ENTERPRISES BANKING REGULATIONS RISK MANAGEMENT FISCAL CONSTRAINTS LEGAL & REGULATORY FRAMEWORK SUPERVISORY STRUCTURES JUDICIAL ADMINISTRATION BUSINESS ENVIRONMENT INSURANCE INDUSTRY INSTITUTIONAL CAPACITY LITIGATION RISK DIVERSIFICATION STOCK MARKETS REGIONAL INTEGRATION MICROFINANCE
spellingShingle	ACCOUNTING ASSET DIVERSIFICATION AUTHORITY BANK ACCOUNTS BANKING SECTOR BANKING STRUCTURE BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKS BROKERS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CIVIL SERVICE COMMERCIAL BANKS CONFLICT OF INTERESTS CONSUMER PROTECTION DEPOSITS EMPLOYMENT ENACTMENT ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURE FINANCIAL ASSETS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL VIABILITY FISCAL FISCAL POLICY FISCAL PROBLEMS FISCAL REVENUES FOREIGN BANKS FOREIGN EXCHANGE FORESTRY GOVERNMENT OWNERSHIP GOVERNMENT REVENUES INCOME INSURANCE INSURANCE MARKETS INTERNATIONALIZATION JUDICIARY LACK OF CLARITY LACK OF COMPETITION LAWS LEGISLATION LEGISLATIVE FRAMEWORK LIQUIDATION LIQUIDITY LITIGATION MARKET RISK MICROFINANCE MORAL HAZARD OIL OIL SECTOR OPERATIONAL RISKS PAYMENTS ARREARS PENSIONS POLITICAL CONSENSUS PRESIDENCY PRIVATIZATION PRIVATIZATION OF STATE PROFITABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FINANCES PUBLIC SECTOR REGULATORY FRAMEWORK SAVINGS SECURITIES SOCIAL SECURITY SOLVENCY STATE ENTERPRISES STATE OWNERSHIP STOCK EXCHANGES SUBSIDIARIES SUPERVISORY AUTHORITIES TRANSPARENCY VULNERABILITY FINANCIAL SECTOR BANKING SYSTEMS FINANCIAL MANAGEMENT OIL SECTOR GOVERNMENT ROLE STATE OWNED ENTERPRISES BANKING REGULATIONS RISK MANAGEMENT FISCAL CONSTRAINTS LEGAL & REGULATORY FRAMEWORK SUPERVISORY STRUCTURES JUDICIAL ADMINISTRATION BUSINESS ENVIRONMENT INSURANCE INDUSTRY INSTITUTIONAL CAPACITY LITIGATION RISK DIVERSIFICATION STOCK MARKETS REGIONAL INTEGRATION MICROFINANCE World Bank Gabon : Financial Sector Assessment
geographic_facet	Africa Gabon
description	The report is a joint International Monetary Fund IMF-World Bank Financial Sector Assessment Program (FSAP), which examined Gabon's macroeconomic and financial context, and identified its financial soundness, as well as vulnerabilities. The country's financial sector is overall, profitable and stable, though still relatively underdeveloped. Banks - which dominate the financial sector - find their activities and growth potential, limited by the size of the non-oil economy, given that financing of the oil sector is largely undertaken outside the country. While the government retains a strong role in the financial sector, as owner and as client, through public enterprises, solvency levels in some of the banks are close to the forthcoming regulatory minimum of eight percent (effective in 2004).This risk is enhanced by the banking sector's portfolio concentration. Moreover, fiscal problems have in the past had direct, and indirect negative repercussions on the performance of the financial sector. The report further analyzes the legal, regulatory and supervisory issues, stating the judicial system is deficient, enhancing risks and costs of doing business, including for the financial sector, while the insurance market is for the most part, stagnant, and lacking product innovation. Recommendations for legal and judicial issues include a strengthened framework that enables transparency, including predictability in the disposition of financial sector litigation; and, recommendations for the financial sector development suggest pursuing adequate risk diversification strategies; merging with regional stock exchanges; and, identifying financial mechanisms to establish a micro-finance sector.
format	Economic & Sector Work :: Financial Sector Assessment Program (FSAP)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Gabon : Financial Sector Assessment
title_short	Gabon : Financial Sector Assessment
title_full	Gabon : Financial Sector Assessment
title_fullStr	Gabon : Financial Sector Assessment
title_full_unstemmed	Gabon : Financial Sector Assessment
title_sort	gabon : financial sector assessment
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2003/04/2224540/gabon-financial-sector-assessment http://hdl.handle.net/10986/14347
_version_	1764427945792765952

Gabon : Financial Sector Assessment

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