COMCEC Financial Outlook 2018
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INTRODUCTION
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. Besides, the COMCEC Strategy identified
financial cooperation as one of the significant cooperation areas and envisaged the
establishment of the Financial Cooperation Working Group as an essential 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.
The outlook comprises 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 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.