(a) whether India has agreed to a financial system stability assessment by the IMF;
and
(b) if so; the details thereof?
(a) whether India has agreed to a financial system stability assessment by the IMF;
and
(b) if so; the details thereof?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(a) & (b): Yes, sir. India has agreed to the joint IMF-World Bank Financial Sector
Assessment Program (FSAP). Based on its report, the IMF will prepare a short report,
namely, Financial System Stability Assessment (FSSA) for its Board, which will focus
on financial system issues of significance for reducing vulnerabilities including a
summary version of detailed assessment of standards.