The IMF in 2018 will complete ten assessments of countries’ financial systems, to identify risks and propose policies to strengthen their financial stability.

Financial stability assessments will also cover Armenia. In its blog IMF published some highlights for Armenia under the Financial Sector Assessment Program review in 2018.

“Since the 2012 assessment, Armenia’s banks have improved their capital ratios and strengthened their supervision. But vulnerabilities remain due to a highly dollarized financial system, which amplifies the country’s exposure to shocks from outside their borders. The assessment will review banks’ resilience to external risks—including a dryout of liquidity in foreign currency—and will assess bank consolidation needs, and the adequacy of the prudential framework for mitigating dollarization risks,” IMF experts said.