Economic and Financial Rationale for a Regional Multilateral Bank for the Middle East and North Africa PDF Download
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Author: Wafik Grais
Publisher:
ISBN:
Category : Africa, North
Languages : en
Pages : 30
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Book Description
"The MENA region has recently witnessed significant economic and financial development. Yet its trade and capital flows remain marginal on a global level, and risk perceptions and institutional underdevelopment are still a powerful obstacle to an increased access to capital markets, a better mobilization of savings and of long term finance for investment, especially large infrastructure projects. The paper argues that the creation of a regional multilateral bank for MENA could contribute to ease some of these constraints and to provide a powerful catalyst for increased capital flows, and that the recent attempt to turn this idea into reality, the MENABANK, currently on a shelve, deserves to be revamped"-- Economic Research Forum for the Arab Countries, Iran and Turkey web site.
Author: Wafik Grais
Publisher:
ISBN:
Category : Africa, North
Languages : en
Pages : 30
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Book Description
"The MENA region has recently witnessed significant economic and financial development. Yet its trade and capital flows remain marginal on a global level, and risk perceptions and institutional underdevelopment are still a powerful obstacle to an increased access to capital markets, a better mobilization of savings and of long term finance for investment, especially large infrastructure projects. The paper argues that the creation of a regional multilateral bank for MENA could contribute to ease some of these constraints and to provide a powerful catalyst for increased capital flows, and that the recent attempt to turn this idea into reality, the MENABANK, currently on a shelve, deserves to be revamped"-- Economic Research Forum for the Arab Countries, Iran and Turkey web site.
Author: Lorenzo Savorelli
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
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Book Description
Author: Ms.Susan Creane
Publisher: International Monetary Fund
ISBN: 9781589062313
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
In this study, the authors assess financial sector development in the MENA regionand propose several policy measures, which include reinforcing the institutional environment and promoting nonbank financial sector development, to enhance this sector’s performance.
Author: David Cobham
Publisher: Routledge
ISBN: 1136864156
Category : Business & Economics
Languages : en
Pages : 429
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Book Description
Monetary policy in the Middle East and North African (MENA) countries remains an understudied area; this book fills an important gap by examining monetary policy frameworks and monetary policy strategies in the region. Building on the editors’ earlier book, Monetary Policy and Central Banking in the Middle East and North Africa, which focused on central bank independence issues and on exchange rate regimes, this book emphasises monetary policy strategies. Part I contains an overview of the financial markets and institutions which condition the choice of monetary policy strategy in the countries of the region, followed by single-country studies on aspects of the monetary policy frameworks of Lebanon, Egypt, Jordan, the Palestinian Territory and Turkey. Part II includes analyses of the prospects for inflation targeting in Egypt, Morocco and Tunisia, of the monetary transmission mechanism in the Gulf Cooperation Council countries, of the relative advantages of inflation targeting and exchange rate fixity with reference to Egypt, of the problem of fiscal dominance in Egypt, and of the inflationary implications of exchange rate fixity for Saudi Arabia and Kuwait. The contributors are experts from universities inside and outside the MENA region, from central banks in the region and from outside institutions such as the European Central Bank and the International Monetary Fund.
Author: Adrian Robert Bazbauers
Publisher: Routledge
ISBN: 1000361330
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
This book explores the evolution of the 30 functioning multilateral development banks (MDBs). MDBs have their roots in the growing system of international finance and multilateral cooperation, with the first recognisable MDB being proposed by Latin America in financial cooperation with the US in the late 1930s. That Inter-American Bank did not eventuate but was a precursor to the World Bank being negotiated at Bretton Woods in 1944. Since then, a complex network of regional, sub-regional, and specialised development banks has progressively emerged across the globe, including two significant recent entrants established by China and the BRICS. MDBs arrange loans, credits, and guarantees for investment in member states, generally with the stated aim of fostering economic growth. They operate in both the Global North and South, though there are more MDBs focusing on emerging and developing states. While the World Bank and some of the larger regional banks have been scrutinised, little attention has been paid to the smaller banks or the overall system. This book provides the first study of all 30 MDBs and it evaluates their interrelationships. It analyses the emergence of the MDBs in relation to geopolitics, development paradigms and debt. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate. This book will be of particular interest to researchers of development finance, global governance, and international political economy.
Author: J. Harrigan
Publisher: Springer
ISBN: 1137001593
Category : Political Science
Languages : en
Pages : 238
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Book Description
This book looks at the provision of finance in the Middle East and North Africa (MENA) by the IMF and World Bank in return for economic liberalization, exploring the political motivations of funding and geo-politics in recipients. The effectiveness of funding is questioned, with evidence from four MENA countries.
Author: Khaled Hussainey
Publisher: World Scientific
ISBN: 1800614748
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
According to World Bank (2021), the economic recovery post-COVID-19 in the Middle East and North Africa (MENA) has been uneven and tumultuous. Reasons for this include exposure to oil-price fluctuations, the impact of pandemic, public demonstrations, and political instability. Although the MENA region encompasses a variety of countries — wealthy, stable and oil-rich countries such as Saudi Arabia and Qatar as well as less secure countries such as Iraq and Syria — it plays an important role in the global economy.Handbook of Banking and Finance in the MENA Region explores the trends in finance and banking of the MENA region, including theoretical and empirical perspectives from researchers around the globe. The first part of the book explores numerous reforms in the region's banking and finance, including digital technology, financial technology (fintech) and green finance. While financial inclusion in the Gulf Cooperation Council is much higher, the other countries in the MENA region have yet to overcome this trend, and the second part of the book provides specific case studies of ways in which banks have contributed to the region. The final section of the book considers macroeconomic factors and financial development. Together these perspectives enrich the discussion of facts and development challenges in the finance and banking of the MENA region as a whole.
Author: Robert P. Beschel, Jr.
Publisher: World Bank Publications
ISBN: 0821395297
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
"Part I, Overview and summary, June 2010."
Author: The World Bank
Publisher: World Bank Publications
ISBN: 0821388568
Category : Business & Economics
Languages : en
Pages : 370
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Book Description
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.
Author: Rishi Goyal
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451874389
Category :
Languages : en
Pages : 52
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Book Description
Based on data collected on a wide range of financial sector indicators, new indices of financial development for countries in the Middle East and North Africa (MENA) are constructed, encompassing six themes: development of the monetary sector and monetary policy, banking sector development, nonbank financial development, regulation and supervision, financial openness, and institutional quality. The paper finds that the degree of financial development varies across the region. Some countries have relatively well-developed banking sectors and regulatory and supervisory regimes. However, across the region, more needs to be done to reinforce the institutional environment and promote nonbank financial sector development. Based on a subset of indicators, the MENA region is found to compare favorably with a few other regions, but it ranks far behind the industrialized countries and East Asia.
