- India has voluntarily asked the International Monetary Fund and the World Bank to conduct a comprehensive and in-depth analysis of the country's financial sector.
- The scrutiny of the country's financial sector will take place under the Financial Sector Assessment Program (FSAP) established by the two multilateral lenders in 1999 after the Asian crisis.
- Since the FSAP was launched, more than 130 countries have volunteered to participate in the programme
- India was among the first to undertake the pilot FSAP in 2000-01. In addition, India also undertook a comprehensive self-assessment of International Financial Standards and Codes during 2002 and undertook a review in 2005.
Wednesday, January 12, 2011
After self-assessment, India goes to IMF, World Bank for health check
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