Financial Access and Stability

A Road Map for the Middle East and North Africa

By:

The World Bank

Format:

Paperback / softback

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Description

The countries of the Middle East and North Africa (MENA) have been recovering from the global financial crisis, but the recent political turmoil has interrupted the pace of credit and output recovery in many countries. The political turmoil in the MENA region reveals deep-seated frustrations and a sense of political, social, and economic exclusion, especially among the youth. The relatively weak growth performance reflects a combination of insufficient reforms and weak reform implementation, including financial sector reforms. The structural weaknesses of financial sectors imply that access to finance may remain restricted even with a full recovery of credit activity. Therefore, the region's countries face an ambitious reform agenda to revert two decades of relatively poor performance of output and employment growth. Financial development should be a central component of the region's growth agenda. This study reviews the region's financial systems, the severity of the limitations on access to finance, and the main factors behind such limitations. It goes on to provide a road map for expanding access and preserving financial stability.

Release date Australia

September 30th, 2011

Author

The World Bank

Audience

Professional & Vocational

Pages

392

Dimensions

178x260x19

ISBN-13

9780821388358

Product ID

12968422

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