Financial Outlook of the OIC Member Countries 2017
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COMCEC has initiated many programs and projects towards improving financial cooperation
among the OIC Member States. In addition, the COMCEC Strategy identified financial
cooperation as one of the major cooperation areas and envisaged the establishment of the
Financial Cooperation Working Group as an important instrument for strengthening financial
cooperation among member countries.
Furthermore, cooperation among the Stock Exchanges, Capital Market Regulators and Central
Banks and Monetary Authorities of the Member States are other crucial ongoing endeavors in
the field of financial cooperation under the COMCEC.
Highlighting the recent global economic and financial developments briefly, this Outlook
mainly aims to present a general outlook of the financial system of the OIC Member States.
This Outlook is comprised of four main sections:
The First Section briefly describes recent economic and financial developments at global,
regional and country level as well as their impact on the global financial system.
The Second Section gives a general overview of the financial system of the OIC Member States.
It outlines financial depth, financial access, financial efficiency and financial stability in
addition to the weaknesses and strengths of the OIC Member States according to selected
financial benchmarking data. In this Outlook, the OIC Member States are classified according to
their income levels.
The Third Section briefly addresses Islamic Finance Industry.
The Fourth Section underlines the cooperation efforts under the COMCEC Strategy and the on-
going activities under the COMCEC in this field.
The Appendix Section gives the details of all figures of each OIC Member Countries analyzed in
the report.