COMCEC Financial Outlook 2018
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INTRODUCTION
As a broad regional international organization, The COMCEC is one of the four standing
committees of the OIC that is responsible for enhancing economic and commercial cooperation
among the Member States. Since the commencement of its activities in 1984, 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 CooperationWorking
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.
Financial Outlook has been prepared in order to provide an overview of the financial system of
the OIC member countries by emphasizing the recent global economic and financial
developments.
Outlook is comprised of three main sections: The first section gives a general overview of the
financial system of the OIC member countries. It outlines financial depth, financial access,
financial efficiency and financial stability in addition to the weaknesses and strengths according
to selected financial indicators. In this Outlook, the OIC member countries are classified
according to their income levels. The second section briefly addresses the Islamic finance
industry. The third section underlines the cooperation efforts under the COMCEC Strategy and
the on-going activities under the COMCEC in this field.