Ecuador’s financial system is dominated by banks and credit cooperatives. While dollarization provides an important anchor for the Ecuadorean economy, systemic liquidity risks are high due to the limited capacity of the central bank to provide liquidity. The financial sector is overall resilient to adverse macrofinancial shocks but some institutions have meaningful solvency and liquidity vulnerabilities. To preserve confidence it is key to enhance capitalization, promptly recognize loan losses, and address unviable institutions.

Staff Discussion Notes No. 2023/007

Working Paper No. 2023/198

Working Paper No. 2023/197

Working Paper No. 2023/199

Fintech Notes No 2023/011

Country Report No. 2023/337

“Somalia has continued to make important progress in rebuilding its economy and institutions, but challenges remain significant. Notwithstanding the resumption of rainfall in 2023Q1, economic activity has been weighed down by the lingering effects of drought, recent floods, and subdued remittances. Food insecurity remains a concern and the security situation is challenging in some parts of the country. Near-term risks are elevated, including a worsening of food insecurity if healthy rainy seasons do not persist or if there is a global food shock.

Fintech Notes No 2023/010

Fintech Notes No 2023/009