A Review of Credit Guarantee Schemes in the Middle East and North Africa Region

Saadani, Youssef; Arvai, Zsofia; Rocha, Roberto

dc.creator	Saadani, Youssef
dc.creator	Arvai, Zsofia
dc.creator	Rocha, Roberto
dc.date	2012-03-19T18:01:23Z
dc.date	2012-03-19T18:01:23Z
dc.date	2011-03-01
dc.date.accessioned	2023-02-17T20:55:37Z
dc.date.available	2023-02-17T20:55:37Z
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_20110324110732
dc.identifier	http://hdl.handle.net/10986/3378
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244342
dc.description	Many countries in the MENA region have established partial credit guarantee schemes to facilitate SME access to finance. These schemes can play an important role, especially in a period where MENA governments are making efforts to improve the effectiveness of credit registries and bureaus and strengthen creditor rights. This paper reviews the design of partial credit guarantee schemes in MENA, and assesses their preliminary outcomes. The paper is based on a survey conducted in 10 MENA countries in early 2010. The authors find that the average size of guarantee schemes in MENA (measured by the total value of outstanding guarantees) is in line with the international average, although there are wide differences across countries, and some schemes seem too small to make any significant impact. Most importantly, the number of guarantees looks generally small while their average value looks large. This suggests that guarantee schemes are not yet reaching the smaller firms. Guarantee schemes in MENA look financially sound and most schemes have room to grow. However, this growth should be accompanied by an improvement of some key design and management features, as well as the introduction of systematic impact evaluation reviews.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5612
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO CREDIT
dc.subject	ACCESS TO FINANCE
dc.subject	ACCESS TO FINANCIAL SERVICES
dc.subject	ACCESS TO LOAN
dc.subject	ACCESS TO LOANS
dc.subject	ACCOUNTING
dc.subject	AGRICULTURAL LOANS
dc.subject	APPROVAL PROCESSES
dc.subject	AUCTION
dc.subject	AUCTIONS
dc.subject	AVAILABILITY OF BANK CREDIT
dc.subject	BALANCE SHEET
dc.subject	BANK CREDIT
dc.subject	BANK FINANCING
dc.subject	BANK GUARANTEE
dc.subject	BANK GUARANTEES
dc.subject	BANK LENDING
dc.subject	BANKING SECTOR
dc.subject	BANKING SYSTEMS
dc.subject	BANKS
dc.subject	BENEFICIARIES
dc.subject	BID
dc.subject	BORROWER
dc.subject	BUSINESS ACTIVITY
dc.subject	BUSINESS ASSISTANCE
dc.subject	BUSINESS LOANS
dc.subject	BUSINESS PLAN
dc.subject	BUSINESS PLANS
dc.subject	CAPACITY BUILDING
dc.subject	CENTRAL BANK
dc.subject	COLLATERAL
dc.subject	COLLATERAL REGIMES
dc.subject	COLLATERALS
dc.subject	COLLECTION PROCEDURES
dc.subject	COMMERCIAL BANK
dc.subject	CONTINGENT LIABILITIES
dc.subject	CORPORATE FINANCE
dc.subject	CREDIBILITY
dc.subject	CREDIT ACCESS
dc.subject	CREDIT ALLOCATION
dc.subject	CREDIT BUREAUS
dc.subject	CREDIT CONSTRAINTS
dc.subject	CREDIT EXTENSION
dc.subject	CREDIT GUARANTEE
dc.subject	CREDIT GUARANTEES
dc.subject	CREDIT INFORMATION
dc.subject	CREDIT MANAGEMENT
dc.subject	CREDIT MARKET
dc.subject	CREDIT OFFICER
dc.subject	CREDIT RATING
dc.subject	CREDIT RATINGS
dc.subject	CREDIT RATIONING
dc.subject	CREDIT REGISTRIES
dc.subject	CREDIT REGISTRY
dc.subject	CREDIT REPORTING
dc.subject	CREDIT REPORTING SYSTEMS
dc.subject	CREDIT RISK
dc.subject	CREDIT RISK MANAGEMENT
dc.subject	CREDIT SCORE
dc.subject	CREDIT SCORES
dc.subject	CREDIT SCORING
dc.subject	CREDIT SCORING MODELS
dc.subject	CREDITOR
dc.subject	CREDITOR RIGHTS
dc.subject	CREDITORS
dc.subject	CREDITS
dc.subject	CREDITWORTHY FIRMS
dc.subject	CUSTOMER SATISFACTION
dc.subject	DEBT
dc.subject	DEFAULT RATE
dc.subject	DEFAULT RATES
dc.subject	DEFAULTS
dc.subject	DEVELOPING COUNTRIES
dc.subject	DOMESTIC BANKS
dc.subject	DOWN PAYMENT
dc.subject	DOWN PAYMENTS
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC GROWTH
dc.subject	EFFICIENT JUDICIAL SYSTEMS
dc.subject	ELIGIBILITY CRITERIA
dc.subject	ELIGIBLE LOANS
dc.subject	EMPLOYEE
dc.subject	EMPLOYER
dc.subject	ENABLING ENVIRONMENT
dc.subject	ENTERPRISE DEVELOPMENT
dc.subject	ENTREPRENEURS
dc.subject	EQUITY CAPITAL
dc.subject	EQUITY RATIO
dc.subject	ESCROW
dc.subject	ESCROW ACCOUNT
dc.subject	EXPORTERS
dc.subject	EXTERNAL FINANCING
dc.subject	FINANCIAL ASSISTANCE
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL INFRASTRUCTURE
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL PERFORMANCE
dc.subject	FINANCIAL STRUCTURE
dc.subject	FINANCIAL SUPPORT
dc.subject	FINANCIAL SUSTAINABILITY
dc.subject	FIXED ASSETS
dc.subject	FOREIGN CURRENCIES
dc.subject	FUND MANAGERS
dc.subject	GOVERNMENT BANKS
dc.subject	GOVERNMENT INTERVENTIONS
dc.subject	GOVERNMENT POLICIES
dc.subject	GOVERNMENT SUPPORT
dc.subject	GROUP OF FIRMS
dc.subject	GUARANTEE FEES
dc.subject	GUARANTEE FUND
dc.subject	GUARANTEE FUNDS
dc.subject	GUARANTEE PRODUCT
dc.subject	GUARANTEE SCHEME
dc.subject	GUARANTEE SCHEMES
dc.subject	GUARANTOR
dc.subject	INDUSTRIAL LOAN
dc.subject	INFORMATIONAL ASYMMETRIES
dc.subject	INNOVATIVE LOANS
dc.subject	INSTALLMENTS
dc.subject	INSTITUTIONAL ARRANGEMENT
dc.subject	INSTRUMENT
dc.subject	INSURANCE
dc.subject	INTANGIBLE
dc.subject	INTANGIBLE ASSETS
dc.subject	INTEREST RATE
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL DEVELOPMENT
dc.subject	INTERNATIONAL FINANCE
dc.subject	INTERNATIONAL STANDARDS
dc.subject	INVESTMENT CLIMATE
dc.subject	INVESTMENT FUND
dc.subject	INVESTMENT PROJECTS
dc.subject	ISLAMIC LAW
dc.subject	JOB CREATION
dc.subject	JOB OPPORTUNITIES
dc.subject	JUDICIAL PROCEDURES
dc.subject	JUDICIAL PROCESS
dc.subject	JUDICIAL SYSTEM
dc.subject	JUDICIAL SYSTEMS
dc.subject	LACK OF COLLATERAL
dc.subject	LARGE FIRMS
dc.subject	LEGAL ACTIONS
dc.subject	LEGAL FRAMEWORK
dc.subject	LENDERS
dc.subject	LENDING DECISION
dc.subject	LEVELS OF COLLATERAL
dc.subject	LOAN
dc.subject	LOAN AMOUNT
dc.subject	LOAN AMOUNTS
dc.subject	LOAN APPLICATION
dc.subject	LOAN APPLICATIONS
dc.subject	LOAN BALANCE
dc.subject	LOAN GUARANTEE
dc.subject	LOAN GUARANTEE PROGRAM
dc.subject	LOAN GUARANTEES
dc.subject	LOAN MATURITY
dc.subject	LOAN PROGRAM
dc.subject	LOAN RECOVERY
dc.subject	LOAN SIZE
dc.subject	LONG-TERM FINANCE
dc.subject	MARKET DISTORTIONS
dc.subject	MATURITIES
dc.subject	MAXIMUM MATURITY
dc.subject	MICRO LOANS
dc.subject	MICRO-LOANS
dc.subject	MONETARY AUTHORITY
dc.subject	MONETARY FUND
dc.subject	MORAL HAZARD
dc.subject	NATIONAL CREDIT
dc.subject	NEW BUSINESSES
dc.subject	OPERATIONAL COSTS
dc.subject	OUTREACH
dc.subject	PARTIAL CREDIT
dc.subject	PARTNER BANKS
dc.subject	PAYMENT OF CLAIMS
dc.subject	PERSONAL GUARANTEES
dc.subject	PORTFOLIO
dc.subject	PORTFOLIOS
dc.subject	PRIVATE BANKS
dc.subject	PRIVATE CREDIT
dc.subject	PRIVATE CREDIT BUREAUS
dc.subject	PRIVATE FINANCIAL INSTITUTIONS
dc.subject	PRODUCTION CAPACITY
dc.subject	PROVISION OF CREDIT
dc.subject	PRUDENTIAL STANDARDS
dc.subject	PUBLIC CREDIT
dc.subject	RESERVE
dc.subject	RESERVE REQUIREMENTS
dc.subject	RETURN
dc.subject	RISK EXPOSURE
dc.subject	RISK MANAGEMENT
dc.subject	RISK MANAGEMENT SYSTEMS
dc.subject	RISK MANAGEMENT TOOLS
dc.subject	RISK MITIGATION
dc.subject	RISK OF DEFAULT
dc.subject	RISK PROFILE
dc.subject	RISK-BASED PRICING
dc.subject	RISKY BORROWERS
dc.subject	SHAREHOLDERS
dc.subject	SMALL BUSINESS
dc.subject	SMALL BUSINESS ADMINISTRATION
dc.subject	SMALL BUSINESS FINANCING
dc.subject	SMALL BUSINESSES
dc.subject	SMALL ENTERPRISE
dc.subject	SMALL ENTERPRISES
dc.subject	SMALL LOANS
dc.subject	SOCIAL DEVELOPMENT
dc.subject	SOLVENCY
dc.subject	START-UP
dc.subject	START-UPS
dc.subject	STATE BANKS
dc.subject	SUPERVISORY AUTHORITIES
dc.subject	TAX
dc.subject	TECHNICAL ASSISTANCE
dc.subject	TECHNICAL SUPPORT
dc.subject	TIME OF DEFAULT
dc.subject	TRADING
dc.subject	TRANSACTION
dc.subject	TRANSACTION COSTS
dc.subject	TURNOVER
dc.subject	UNION
dc.subject	VENTURE CAPITAL
dc.subject	WORKING CAPITAL
dc.title	A Review of Credit Guarantee Schemes in the Middle East and North Africa Region
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