Publication:
Pacific Island Countries: Financial Stability and Resilience in Turbulent Times

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-02-21T16:49:43Z
dc.date.accessioned2023-03-06T16:12:23Z
dc.date.available2023-02-21T16:49:43Z
dc.date.available2023-03-06T16:12:23Z
dc.date.issued2022-06
dc.description.abstractThis report provides an assessment of the stability of the financial systems of selected Pacific Island Countries (PICs) in the context of COVID-19 and emerging risks. The report brings together an analysis of information provided by the central banks of the PICs covered by this study over the last two years. The purpose of the study is to assess the financial stability and vulnerabilities and to provide technical guidance to the PIC authorities to assist in their financial sector policy response. Chapter 1 presents an overview of the financial systems of the PICs. Chapter 2 presents an analysis of the impacts of COVID-19 on the financial systems of the PCIs and the policy responses to the pandemic. Chapter 3 looks at the challenges of transitioning from the pandemic to normal policy settings. Chapter 4 provides a set of bespoke policy recommendations with the aim of enhancing the ability to deal with financial sector risks and vulnerabilities. Finally, Chapter 5 puts forward recommendations for the assessment of climate and environmental related risks on the PICs. The report finds that the pandemic has negatively impacted economic growth in the PICs, challenging financial stability. Due to various relief measures adopted by governments in the region, and the lagged economic impact of the pandemic, the PICs’ financial sectors do not yet fully reflect the risks to bank profitability and asset quality, which could materialize over 2022-23. Response anden
dc.identifierhttp://documents.worldbank.org/curated/en/099011502062331758/P1749330c78c1c0d908c3502e04f1065224
dc.identifier.doihttps://doi.org/10.1596/39455
dc.identifier.urihttps://hdl.handle.net/10986/39455
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFINANCIAL SYSTEMS
dc.subjectCOVID-19
dc.subjectTRANSITION
dc.subjectVULNERABILITIES
dc.subjectCLIMATE CHANGE
dc.titlePacific Island Countriesen
dc.title.subtitleFinancial Stability and Resilience in Turbulent Timesen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titlePacific Island Countries: Financial Stability and Resilience in Turbulent Times
okr.date.disclosure2023-02-06
okr.date.doiregistration2025-05-07T10:55:35.039304Z
okr.date.lastmodified2023-02-06T00:00:00Zen
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.docurlhttp://documents.worldbank.org/curated/en/099011502062331758/P1749330c78c1c0d908c3502e04f1065224
okr.guid099011502062331758
okr.identifier.externaldocumentumP174933-c78c1cf1-d29e-4cd9-8c35-2e04f1065224
okr.identifier.internaldocumentum33995949
okr.identifier.report179910
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099011502062331758/pdf/P1749330c78c1c0d908c3502e04f1065224.pdfen
okr.region.geographicalOceania
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicEnvironment::Adaptation to Climate Change
okr.unitEFI-EAP-FCI-Finance-2 (EEAF2)
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