Suriname: Technical Assistance Report—Financial Stability Report

International Monetary Fund

No 2023/352, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Assistance Report on Suriname discusses summary and recommendations of financial stability report (FSR). The mission focused on enhancing the FSR of the Central Bank of Suriname (CBS) whose publication has recently resumed. The mission provided several recommendations to the CBS. This covered the content and structure of the FSR and its related FSR processes, CBS’s internal and external communication, additional headcount for the Financial Stability Department, developing the financial stability analytical toolkit, coverage of the non-banking sector, and the use of data sources and statistics. The preparation of a detailed FSR production plan is critical and could facilitate improvements and bring some synergies between different teams involved in its production. This needs to include different steps and set up a firm date of publication. The CBS should further continue working toward enhancing the financial stability analytical toolkit. The mission also identified that more in-depth analysis of the insurance and pension sector is needed. The bank-like activities undertaken by non-banks should be fully assessed and monitored.

Keywords: FSR production plan; semiannual FSR; FSR process; CBS management; FSR of the CBS; Financial sector stability; Financial stability assessment; Stress testing; Financial sector risk; Credit risk; Caribbean (search for similar items in EconPapers)
Pages: 24
Date: 2023-10-25
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