is a medium-term plan, to be implemented during 2010 – 2014. The FSMP Phase II has been designed to follow the FSMP Phase I (2004 – 2008), during which structural improvements to the financial institutions system were carried out in order to enhance its efficiency, strength, and access.

The Financial Sector Assessment Program (FSAP) is a joint program initiated by the IMF and World Bank in May 1999, with the aims to (1) identify the strengths and weaknesses of a country’s financial system, (2) assess a country’s compliance with the international best practices, (3) promote the financial system’s development as well as provide technical assistance needed, (4) specify risk management strategy and (5) help prioritize policy responses and strategic plans.