Financial Access and Stability : A Road Map for the Middle East and North Africa

The full report on which this Quick Note is based argues that Middle East and North Africa's (MENA's) financial systems contributed significantly to these unsatisfactory outcomes by failing to provide affordable access to finance to large segments of the enterprise and household sectors. The financial sector is part of the problem and therefore needs to be part of the solution. Any effort to develop a new growth agenda for the region will need to include a significant component of financial sector reforms. This Quick Note is based on the finance flagship report with the same title which provides a diagnostic of financial development in the MENA region and proposes a roadmap for expanding access to finance while preserving financial stability.

Bibliographic Details

Main Author:	Rocha, Roberto
Language:	English
Published:	World Bank, Washington, DC 2011-09
Subjects:	ACCESS TO FINANCE, ACCESS TO FINANCIAL SERVICES, ACCOUNTING, AFFORDABLE ACCESS, BACKED BONDS, BANK COMPETITION, BANKING SYSTEMS, BANKS, BENCHMARK YIELD, BENCHMARK YIELD CURVES, COLLATERAL, COLLATERAL REGIMES, CORPORATE BONDS, CREDIT BUREAUS, CREDIT INFORMATION, DOMESTIC INSTITUTIONAL INVESTORS, ECONOMIC REFORMS, EMPLOYMENT OPPORTUNITIES, EQUITY MARKETS, EXCLUSION, EXPOSURES, FINANCIAL ACCESS, FINANCIAL CRISIS, FINANCIAL DEVELOPMENT, FINANCIAL INFRASTRUCTURE, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL REFORMS, FINANCIAL SECTOR, FINANCIAL SECTOR REFORMS, FINANCIAL STABILITY, FINANCIAL SYSTEMS, FOREIGN INVESTORS, GROSS DOMESTIC PRODUCT, HOUSING FINANCE, INCOME, INCOME INSTRUMENTS, INCOMES, INSOLVENCY, INSOLVENCY REGIMES, INSTITUTIONAL ARRANGEMENTS, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANIES, LOAN, LOAN CONCENTRATION, LONG-TERM LENDING, MARKET CAPITALIZATION, MARKET DEVELOPMENT, MICROCREDIT, MICROFINANCE, MICROFINANCE SECTOR, MORTGAGE, MOVABLE ASSETS, MUTUAL FUNDS, PENSION, PENSION FUNDS, POLITICAL UNREST, POOR ACCESS, PRIVATE CREDIT, PRIVATE CREDIT BUREAUS, PRIVATE PENSION, PRIVATE SECTOR DEVELOPMENT, REMOTE AREAS, RISK MANAGEMENT, SMALL BANKS, STATE BANKS, TITLE,
Online Access:	http://documents.worldbank.org/curated/en/2011/09/15571911/financial-access-stability-road-map-middle-east-north-africa https://hdl.handle.net/10986/10868
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