Financial Inclusion in the Middle East and North Africa : Analysis and Roadmap Recommendations

Pearce, Douglas

dc.creator	Pearce, Douglas
dc.date	2012-03-19T18:01:20Z
dc.date	2012-03-19T18:01:20Z
dc.date	2011-03-01
dc.date.accessioned	2023-02-17T20:55:33Z
dc.date.available	2023-02-17T20:55:33Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110324100452
dc.identifier	http://hdl.handle.net/10986/3376
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244340
dc.description	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.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5610
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS INDICATORS
dc.subject	ACCESS POINTS
dc.subject	ACCESS TO BANK LOANS
dc.subject	ACCESS TO CREDIT
dc.subject	ACCESS TO FINANCE
dc.subject	ACCESS TO FINANCIAL SERVICES
dc.subject	ACCESS TO LOANS
dc.subject	ACCOUNTS RECEIVABLES
dc.subject	AGRICULTURAL BANK
dc.subject	AGRICULTURAL CREDIT
dc.subject	ANTI-MONEY LAUNDERING
dc.subject	ATM ACCESS
dc.subject	ATM NETWORK
dc.subject	ATM NETWORKS
dc.subject	BANK
dc.subject	BANK ACCOUNTS
dc.subject	BANK ASSETS
dc.subject	BANK BRANCH
dc.subject	BANK BRANCH NETWORK
dc.subject	BANK BRANCH NETWORKS
dc.subject	BANK BRANCHES
dc.subject	BANK DEPOSIT
dc.subject	BANK DEPOSITS
dc.subject	BANK LENDING
dc.subject	BANK LOAN
dc.subject	BANKER
dc.subject	BANKING SERVICE
dc.subject	BANKING SERVICES
dc.subject	BANKING SYSTEM
dc.subject	BANKS
dc.subject	BORROWER
dc.subject	BORROWERS
dc.subject	BORROWING
dc.subject	BUSINESS TRANSACTIONS
dc.subject	CAPITAL REQUIREMENT
dc.subject	CASH FLOW
dc.subject	CASH PAYMENT
dc.subject	CHECKING ACCOUNTS
dc.subject	COLLATERAL
dc.subject	COMMERCIAL BANK
dc.subject	COMMERCIAL BANKING
dc.subject	COMMERCIAL BANKS
dc.subject	CONSULTING SERVICES
dc.subject	CONSUMER EDUCATION
dc.subject	CONSUMER PROTECTION
dc.subject	CONSUMER PROTECTIONS
dc.subject	CONVENTIONAL BANKING
dc.subject	COOPERATION
dc.subject	COOPERATIVE
dc.subject	COOPERATIVES
dc.subject	COSTS TO BORROWERS
dc.subject	CREDIT BANK
dc.subject	CREDIT BUREAU
dc.subject	CREDIT BUREAUS
dc.subject	CREDIT CARD
dc.subject	CREDIT INFORMATION
dc.subject	CREDIT INFORMATION SYSTEM
dc.subject	CREDIT INFORMATION SYSTEMS
dc.subject	CREDIT REGISTRIES
dc.subject	CREDIT SCORING
dc.subject	CREDIT UNIONS
dc.subject	CREDITOR
dc.subject	CREDITWORTHY INDIVIDUALS
dc.subject	CURRENT ACCOUNTS
dc.subject	CUSTOMER BASE
dc.subject	DEBIT CARDS
dc.subject	DEBT
dc.subject	DEBTS
dc.subject	DECEPTIVE PRACTICES
dc.subject	DEPOSIT ACCOUNT
dc.subject	DEPOSIT ACCOUNTS
dc.subject	DEPOSIT PRODUCTS
dc.subject	DEPOSIT VOLUMES
dc.subject	DEPOSITS
dc.subject	DIRECT DEPOSITS
dc.subject	DISCLOSURE REQUIREMENTS
dc.subject	DIVERSIFICATION
dc.subject	DONOR FUNDING
dc.subject	ELECTRONIC PAYMENT
dc.subject	ELECTRONIC PAYMENTS
dc.subject	ELIGIBILITY CRITERIA
dc.subject	EMPLOYEES
dc.subject	EMPLOYER
dc.subject	ENFORCEMENT MECHANISMS
dc.subject	ENTERPRISES
dc.subject	EQUIPMENT LOANS
dc.subject	EQUITY
dc.subject	FAMILY
dc.subject	FAMILY RESOURCES
dc.subject	FEE
dc.subject	FEES
dc.subject	FINANCE COMPANIES
dc.subject	FINANCE COMPANY
dc.subject	FINANCIAL ACCESS
dc.subject	FINANCIAL AGENCY
dc.subject	FINANCIAL DEPTH
dc.subject	FINANCIAL EXCLUSION
dc.subject	FINANCIAL INFRASTRUCTURE
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INSTRUMENTS
dc.subject	FINANCIAL INTERMEDIATION
dc.subject	FINANCIAL LITERACY
dc.subject	FINANCIAL NEEDS
dc.subject	FINANCIAL PRODUCTS
dc.subject	FINANCIAL PROVIDERS
dc.subject	FINANCIAL REFORMS
dc.subject	FINANCIAL REGULATOR
dc.subject	FINANCIAL REGULATORS
dc.subject	FINANCIAL RESPONSIBILITY
dc.subject	FINANCIAL SERVICE
dc.subject	FINANCIAL SERVICE PROVIDERS
dc.subject	FINANCIAL SERVICES
dc.subject	FINANCIAL SYSTEM
dc.subject	FINANCIAL SYSTEMS
dc.subject	FINANCING
dc.subject	FIXED ASSETS
dc.subject	FOREIGN CURRENCY
dc.subject	FORMAL CREDIT
dc.subject	GENDER
dc.subject	GOVERNMENT INTERVENTION
dc.subject	GOVERNMENT POLICIES
dc.subject	GOVERNMENT POLICY
dc.subject	GROUP LENDING
dc.subject	GROUPS OF BORROWERS
dc.subject	GUARANTEE
dc.subject	HIGH INTEREST RATES
dc.subject	HIGH LEVELS OF ACCESS
dc.subject	HOUSEHOLD
dc.subject	HOUSEHOLDS
dc.subject	HOUSING LOANS
dc.subject	ID
dc.subject	INDEBTEDNESS
dc.subject	INFORMATION ASYMMETRIES
dc.subject	INFORMATION ASYMMETRY
dc.subject	INFORMATION GAP
dc.subject	INFORMATION SHARING
dc.subject	INSTITUTIONAL CAPACITY
dc.subject	INSTITUTIONAL REFORM
dc.subject	INTEREST
dc.subject	INTEREST RATE
dc.subject	INTERESTS
dc.subject	INTERNATIONAL BANK
dc.subject	INVESTMENT
dc.subject	INVESTMENTS
dc.subject	LEGAL BARRIERS
dc.subject	LENDERS
dc.subject	LEVELS OF CREDIT
dc.subject	LOAN PAYMENT
dc.subject	LOAN PORTFOLIO
dc.subject	LOAN PORTFOLIOS
dc.subject	LOAN PRODUCT
dc.subject	LOAN PRODUCTS
dc.subject	LOAN REPAYMENT
dc.subject	LOAN REPAYMENTS
dc.subject	LOAN SIZE
dc.subject	LOANS
dc.subject	MERCHANT
dc.subject	MERCHANTS
dc.subject	MFI
dc.subject	MFIS
dc.subject	MICRO ENTREPRENEURS
dc.subject	MICRO LENDING
dc.subject	MICRO LOANS
dc.subject	MICROCREDIT
dc.subject	MICROFINANCE
dc.subject	MICROFINANCE INSTITUTION
dc.subject	MICROFINANCE INSTITUTIONS
dc.subject	MICROFINANCE LOANS
dc.subject	MONEY TRANSFER
dc.subject	MONEY TRANSFERS
dc.subject	MORAL HAZARD
dc.subject	MORTGAGE
dc.subject	MORTGAGE LOANS
dc.subject	MOVABLE COLLATERAL
dc.subject	NEW BUSINESS
dc.subject	NEW MARKET
dc.subject	OUTREACH
dc.subject	OUTSTANDING LOAN
dc.subject	OVERDRAFTS
dc.subject	PAYMENT SERVICE
dc.subject	PAYMENT SERVICES
dc.subject	PAYMENTS
dc.subject	PAYMENTS INFRASTRUCTURE
dc.subject	PAYMENTS SERVICES
dc.subject	PENETRATION RATES
dc.subject	PEOPLE
dc.subject	POINT OF SALE
dc.subject	POINT-OF-SALE
dc.subject	POOR CLIENTS
dc.subject	POSTAL BANK
dc.subject	POSTAL BANKS
dc.subject	POSTAL SAVINGS
dc.subject	PREJUDICE
dc.subject	PRIVATE CREDIT
dc.subject	PRIVATE SECTOR BANKS
dc.subject	PROFITABILITY
dc.subject	PROPERTY
dc.subject	PROPERTY AS COLLATERAL
dc.subject	PUBLIC BANK
dc.subject	PUBLIC BANKS
dc.subject	REAL ESTATE
dc.subject	RECEIPT
dc.subject	REGULAR PAYMENTS
dc.subject	REMITTANCE
dc.subject	REMITTANCES
dc.subject	REPAYMENT
dc.subject	REVENUES
dc.subject	RISK MANAGEMENT
dc.subject	SAVINGS
dc.subject	SAVINGS ACCOUNTS
dc.subject	SAVINGS BANKS
dc.subject	SAVINGS PASSBOOKS
dc.subject	SAVINGS PRODUCTS
dc.subject	SECURITY
dc.subject	SMALL ENTERPRISE
dc.subject	SMALL ENTERPRISES
dc.subject	SMART CARDS
dc.subject	SOCIAL WELFARE
dc.subject	SOURCES OF FINANCE
dc.subject	START-UP
dc.subject	TARIFF
dc.subject	TAX INCENTIVE
dc.subject	TAX LIABILITIES
dc.subject	TECHNICAL ASSISTANCE
dc.subject	TRADE CREDIT
dc.subject	TRANSPARENCY OF INFORMATION
dc.subject	UNIVERSAL ACCESS
dc.subject	USURY
dc.subject	USURY CEILINGS
dc.subject	WELFARE
dc.subject	WOMEN
dc.subject	WOMEN BORROWERS
dc.subject	WORKING CAPITAL
dc.title	Financial Inclusion in the Middle East and North Africa : Analysis and Roadmap Recommendations
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	Middle East and North Africa
dc.coverage	Middle East and North Africa
dc.coverage	Middle East and North Africa