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Nigeria : publication of financial sector assessment program documentation, technical note on crisis management and crisis preparedness frameworks.

Author: International Monetary Fund. Monetary and Capital Markets Department.; World Bank. Financial Sector Vice Presidency.; World Bank. Africa Regional Office. Vice Presidency.
Publisher: Washington, D.C. : International Monetary Fund, ©2013.
Series: IMF country report, no. 13/143.
Edition/Format:   eBook : Document : International government publication : English
Summary:
The Nigerian financial system underwent a banking crisis in 2008-09, owing to the global financial crisis and domestic events. The decisive crisis response effectively stabilized the banking system, but the challenge now is to devise a credible exit strategy. The Central Bank of Nigeria (CBN) has a broad resolution toolkit, which was put to use during the crisis to resolve the intervened banks. The Nigerian  Read more...
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Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund. Monetary and Capital Markets Department.; World Bank. Financial Sector Vice Presidency.; World Bank. Africa Regional Office. Vice Presidency.
OCLC Number: 846930982
Notes: Title from PDF title page (IMF Web site, viewed June 6, 2013).
"Financial sector assessment program"--Page 2 of pdf.
"International Monetary Fund, Monetary and Capital Markets Department"--Page 2 of pdf.
"The World Bank, Financial Sector Vice Presidency, African Region Vice Presidency"--Page 2 of pdf.
"May 2013"--Page 2 of pdf.
Description: 1 online resource (50 pages) : color illustrations.
Series Title: IMF country report, no. 13/143.
Other Titles: Nigeria, crisis management and crisis preparedness frameworks, technical note

Abstract:

The Nigerian financial system underwent a banking crisis in 2008-09, owing to the global financial crisis and domestic events. The decisive crisis response effectively stabilized the banking system, but the challenge now is to devise a credible exit strategy. The Central Bank of Nigeria (CBN) has a broad resolution toolkit, which was put to use during the crisis to resolve the intervened banks. The Nigerian authorities set up the Asset Management Corporation of Nigeria (AMCON) to purchase nonperforming loans of banks.

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