17:31 | Washington D.C. (U.S.), Feb. 2.
The International Monetary Fund (IMF) warned of a concentration in Peru's banking sector and a strong dollarization of its economy.
The
IMF in 2018 will complete ten assessments of member countries' financial systems, to identify risks and propose policies to strengthen their financial stability.
Three of this year's reviews will be for countries with Systemically Important Financial Systems: Belgium, Brazil, and Poland.
In addition,
IMF experts will assess the Euro Area's financial stability.
Other financial stability assessments will cover Armenia, Jamaica, Namibia, Peru, Romania, and Tanzania.
Peru
In the case of Peru, the assessment will identify measures to continue reducing
dollarization risks.
"The assessment will consider measures to further reduce the risks from dollarization, to increase competition in financial services, and to strengthen underdeveloped money markets and capital markets," the report said.
Other key areas will be the institutional mandates and accountability lines for financial oversight, macroprudential policy, as well as crisis management and resolution.
This way, the
IMF detailed some highlights for countries under the Financial Sector Assessment Program review in 2018.
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Published: 2/2/2018