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E-book
Author Rocha, Roberto Rezende.

Title Financial access and stability : a road map for the Middle East and North Africa / Roberto R. Rocha with Zsofia Arvai and Subika Farazi
Published Washington, D.C. : World Bank, [2011]
©2011
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Description 1 online resource (xxvi, 334 pages) : illustrations (some color)
Series MENA development report
MENA development report.
Contents Foreword; Acknowledgments; Abbreviations; Overview; Main Objectives and Structure of This Report; The Region's Weak Growth and Employment Performance and Its Main Causes; The Region's Long-Run Growth Agenda and the Role of the Financial Sector; The Region's Excessively Bank-Based and Undiversified Financial Systems; Large Banking Systems but Poor Access Outcomes; Main Factors Limiting Access to Finance in the Region; A Roadmap for Expanding Access and Preserving Stability; Notes; References; Chapter One: Introduction
Summary 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. -- publisher description
Bibliography Includes bibliographical references
Notes Print version record
Subject Banks and banking -- Africa, North.
Banks and banking -- Middle East.
Finance -- Africa, North.
Finance -- Middle East.
Financial institutions -- Africa, North.
Financial institutions -- Middle East.
Form Electronic book
Author Árvai, Zsófia.
Farazi, Subika.
World Bank.
LC no. 2011022680
ISBN 0821388568 (electronic bk.)
9780821388563 (electronic bk.)