Financial Development and Growth in the Middle East and North Africa

Financial Development and Growth in the Middle East and North Africa PDF 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.

Financial Development and Growth in the Middle East and North Africa

Financial Development and Growth in the Middle East and North Africa PDF 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.

Financial Sector Development in the Middle East and North Africa

Financial Sector Development in the Middle East and North Africa PDF Author: Susan Creane
Publisher:
ISBN: 9786613821706
Category : Africa, North
Languages : en
Pages : 54

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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.

Financial Sector Development in the Middle East and North Africa

Financial Sector Development in the Middle East and North Africa PDF 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.

Financial Sector Development in the Middle East and North Africa

Financial Sector Development in the Middle East and North Africa PDF Author: Susan Creane
Publisher:
ISBN:
Category :
Languages : en
Pages : 53

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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.

Financial Access and Stability

Financial Access and Stability PDF 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.

Challenges of Growth and Globalization in the Middle East and North Africa

Challenges of Growth and Globalization in the Middle East and North Africa PDF Author: Mr.Hamid R Davoodi
Publisher: International Monetary Fund
ISBN: 9781589062290
Category : Business & Economics
Languages : en
Pages : 44

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Book Description
The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

Building on Progress

Building on Progress PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781557756251
Category : Business & Economics
Languages : en
Pages : 84

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Book Description
Countries in the Middle East and North Africa region have unprecedented opportunities for transforming their economies through accelerated economic growth, but the countries themselves must ensure the necessary conditions. This study, by the Middle Eastern Department, focuses on four areas that are fundamental to growth-enhancing structural changes: improving the region's investment performance, fiscal reform, financial sector reform, and trade liberalization.

Private Sector Development in the Middle East and North Africa Making Reforms Succeed Moving Forward with the MENA Investment Policy Agenda

Private Sector Development in the Middle East and North Africa Making Reforms Succeed Moving Forward with the MENA Investment Policy Agenda PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264052828
Category :
Languages : en
Pages : 319

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Book Description
Highlights key outcomes of the work of the MENA-OECD Investment Programme from 2005-2007, including reforms achieved to date in investment policies and promotion, corporate governance, financial-sector development, and tax policies.

Money in the Middle East and North Africa

Money in the Middle East and North Africa PDF Author: David Cobham
Publisher: Routledge
ISBN: 1136864164
Category : Business & Economics
Languages : en
Pages : 295

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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.

Middle East and North Africa Investment Policy Perspectives

Middle East and North Africa Investment Policy Perspectives PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264473041
Category :
Languages : en
Pages : 240

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Book Description
Middle East and North Africa Investment Policy Perspectives highlights the considerable progress in investment policies made by the region’s governments over the past decade. Yet, the reform momentum needs to be sustained and deepened for the benefits of investment to be shared with society at large and for growth to be sustainable, particularly in the context of the COVID-19 pandemic and resulting global economic upheaval.