IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/5610.html
   My bibliography  Save this paper

Financial inclusion in the Middle East and North Africa : analysis and roadmap recommendations

Author

Listed:
  • Pearce, Douglas

Abstract

The paper provides an assessment of the state of financial inclusion in the MENA region, and identifies constraints, opportunities, and priorities for significantly improving access to finance. Practical recommendations for improving financial inclusion are outlined. Firstly, governments could agree a Financial Inclusion Strategy that is underpinned by improved data, that has both public and private sector commitment, and that scales up financial access on a large scale, principally through bank accounts. Secondly, the regulators should provide a legal and supervisory framework that enables access to finance to be expanded primarily through banks, but with regulatory space for the use of agents, mobile phone technology, and for a finance company model for microcredit and leasing. Interest rate caps on microloans should be removed, and instead consumer protection and supervisory capacity for microfinance should be strengthened, while prudent competition between financial service providers should be promoted. Thirdly, financial infrastructure needs to continue to be a focus area, and in particular credit information and secured transactions. Finally, barriers to the growth of Islamic financial services should be removed so that they can better meet market demand.

Suggested Citation

  • Pearce, Douglas, 2011. "Financial inclusion in the Middle East and North Africa : analysis and roadmap recommendations," Policy Research Working Paper Series 5610, The World Bank.
  • Handle: RePEc:wbk:wbrwps:5610
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/03/24/000158349_20110324100452/Rendered/PDF/WPS5610.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Novat Pugo Sambodo & Riswanti Budi Sekaringsih & Meikha Azzani & Esa Assyahid, 2016. "Indonesian Muslim Household Financial Inclusion Profile: Evidence from IFLS4 and IFLS5 Panel Data," Universitas Gadjah Mada Working Papers on Islamic Economics and Business 2017007, Universitas Gadjah Mada, Faculty of Economics and Business.
    2. repec:mth:ber888:v:7:y:2017:i:1:p:189-198 is not listed on IDEAS
    3. repec:wbk:wbpubs:12550 is not listed on IDEAS
    4. World Bank, 2013. "Opening Doors : Gender Equality and Development in the Middle East and North Africa," World Bank Publications, The World Bank, number 12552, April.
    5. repec:eee:riibaf:v:43:y:2018:i:c:p:1-14 is not listed on IDEAS
    6. Marrouch, Walid & Turk-Ariss, Rima, 2014. "Joint market power in banking: Evidence from developing countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 31(C), pages 253-267.

    More about this item

    Keywords

    Access to Finance; Financial Literacy; Banks&Banking Reform; Debt Markets; Emerging Markets;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:5610. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi). General contact details of provider: http://edirc.repec.org/data/dvewbus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.