Why MENA Needs a Finance and Private Sector Marshall Plan

Middle East and North Africa (MENA) is a largely middle income (MIC) region however, it tends to perform more like a low income (LIC) region on many critical financial and private sector economic indicators. This is an important explanatory variable as to why MENA job growth is so weak. This brief provides an overview of a series of areas where MENA lags behind other regions, particularly LIC regions such as Sub-Saharan Africa and South Asia. More than ever, World Bank support is needed to create jobs and boost shared prosperity in a promising region which significantly underperforms.

Bibliographic Details

Main Author:	Ridenour, Stefanie
Language:	English en_US
Published:	World Bank, Washington, DC 2014-03
Subjects:	ACCESS TO FINANCE, BANK ACCOUNT, BANK CREDIT, BANK LOAN, BUSINESSWOMAN, CREDIT BUREAU, CREDIT REGISTRY, DOCUMENTATION REQUIREMENTS, ENABLING ENVIRONMENT, ENTREPRENEUR, ENTREPRENEURIAL ACTIVITY, FEMALE LABOR, FEMALE LABOR FORCE, FINANCE CORPORATION, FINANCIAL ACCESS, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FORMAL FINANCIAL INSTITUTION, GENDER, GENDER EQUALITY, HOLDING, INCOME, INSOLVENCY PROCEEDINGS, INSTITUTIONAL REFORMS, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL STATISTICS, INTRA-REGIONAL TRADE, JOB CREATION, JOBS, LABOR FORCE, LABOR FORCE PARTICIPATION, LABOR ORGANIZATION, LINE OF CREDIT, LOAN, LOAN PORTFOLIO, MICROCREDIT, MICROFINANCE, MICROFINANCE INSTITUTIONS, NEW BUSINESSES, OUTREACH, PRIVATE CREDIT, PRIVATE CREDIT BUREAU, PRIVATE INVESTMENT, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRIVATE SECTORS, PUBLIC CREDIT, REGIONAL TRADE, STARTUP, UNEMPLOYMENT, UNEMPLOYMENT RATE, UNEMPLOYMENT RATES, WOMEN ENTREPRENEURS, WORLD DEVELOPMENT INDICATORS, YOUTH UNEMPLOYMENT, YOUTH UNEMPLOYMENT RATE, YOUTH UNEMPLOYMENT RATES,
Online Access:	http://documents.worldbank.org/curated/en/2014/03/20144236/mena-needs-finance-private-sector-marshall-plan https://hdl.handle.net/10986/20549
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