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

Oct 07, 2011 | R.R. Rocha, Z. Arvai, S. Farazi | The World Bank
This finance World Bank flagship report provides a diagnostic of financial development in the Middle East and North Africa (MENA) region and proposes a roadmap for expanding access to finance while preserving financial stability. The companion flagship report on private sector development—From Privilege to Competition, published in 2009—identified some of the main obstacles to competition in MENA, including restricted access to finance. The finance flagship examines in greater detail the access-to-finance problems that hinder private sector participation and constrain competition and growth in the region. Both flagship reports provide coherent and comprehensive analyses of the challenges faced by MENA policy makers and present an agenda for promoting growth and employment.