Financial Access and Stability : A
Road Map for the Middle East and North Africa

Financial Access and Stability : A Road Map for the Middle East and North Africa

This report contributes to the effort to improve Middle East and North Africa's (MENA's) growth and employment performance by providing a diagnostic of MENA's financial systems and proposing a roadmap for more diversified, competitiv...

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Bibliographic Details
Main Authors:	Rocha, Roberto R., Arvai, Zsofia, Farazi, Subika
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING STANDARDS ADVANCED TECHNOLOGY ATM ATM CARD BANK BRANCHES BASIC BUSINESS DEVELOPMENT CENTRAL BANKS COMMERCIAL BANKS COMMERCIALIZATION COMMUNICATION TECHNOLOGIES COMMUNICATION TECHNOLOGY COMMUNITIES COMPUTERIZATION CREDIT CARDS CREDIT PRODUCTS DATABASE MANAGEMENT DEFICITS DEPOSIT MARKET DEPOSITORS DEPOSITS DIGITAL DIGITAL DIVIDE E-GOVERNMENT E-LEARNING E-MAIL EGOVERNMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL TRANSACTIONS FIXED ASSET INCOME INFORMATION SERVICES INSURANCE INTERNATIONAL MAIL INTERNATIONAL REMITTANCE INTERNATIONAL REMITTANCES LATIN AMERICAN LEARNING LEGAL FRAMEWORK LETTER CARRIERS LIQUIDITY MAIL BUSINESS MAIL CARRIER MAIL CARRIERS MAIL FLOW MAIL FLOWS MAIL HANDLING MAIL ITEMS MAIL PROCESSING MAIL SERVICE MAIL SERVICES MAIL VOLUME MAIL VOLUMES MANAGEMENT INFORMATION SYSTEMS MARKETING MICROFINANCE MIDDLE EAST MIGRATION MONEY TRANSFER MONEY TRANSFER PRODUCTS MONEY TRANSFER SERVICES MONEY TRANSFERS MONEY TRANSMISSION NATIONAL POSTAL NATIONAL POSTAL OPERATOR NATIONAL POSTAL OPERATORS NEW TECHNOLOGIES NEW TECHNOLOGY NORTH AFRICA NUMBER OF POST OFFICES OUTSOURCING PACKAGES PARCELS PAYMENT SERVICES PAYMENT SYSTEMS PAYMENTS INSTRUMENTS PENSIONS POST POST OFFICE POST OFFICE SAVINGS POST OFFICE SAVINGS BANKS POST OFFICES POSTAL POSTAL ADMINISTRATIONS POSTAL AGENTS POSTAL BANK POSTAL BANKS POSTAL CHECKING POSTAL COUNTERS POSTAL EMPLOYEE POSTAL FINANCIAL SERVICES POSTAL INFRASTRUCTURE POSTAL MAIL POSTAL MANAGEMENT POSTAL MARKET POSTAL MARKETS POSTAL NETWORK POSTAL NETWORKS POSTAL OFFICES POSTAL OPERATIONS POSTAL OPERATOR POSTAL OPERATORS POSTAL ORGANIZATIONS POSTAL POLICY POSTAL REFORM POSTAL REVENUES POSTAL SAVINGS POSTAL SECTOR REFORM POSTAL SERVICE POSTAL SERVICES POSTAL STAFF POSTS PRIVATE OPERATORS PRIVATIZATION PRODUCTIVITY PROFITABILITY PROGRAMS PUBLIC AGENCIES PUBLIC POSTAL SECTOR PUBLIC SERVICES QUALITY OF SERVICE REMITTANCE SERVICES REMITTANCES FOR DEVELOPMENT REMITTANCES · PRODUCT REMOTE POST OFFICES RURAL POST OFFICES SAVINGS ACCOUNTS SAVINGS BANKS SAVINGS MOBILIZATION SUBSIDIARIES TELECOMMUNICATION TELECOMMUNICATION SERVICES TELECOMMUNICATIONS TRADITIONAL MAIL TRANSPORT UNIVERSAL POSTAL UNIVERSAL POSTAL UNION UNIVERSAL SERVICE UNIVERSAL SERVICE OBLIGATION UPU VOLUME OF MAIL VOLUMES OF MAIL WORLDWIDE POSTAL NETWORK
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20111013020024 http://hdl.handle.net/10986/2360

Description
Summary:	This report contributes to the effort to improve Middle East and North Africa's (MENA's) growth and employment performance by providing a diagnostic of MENA's financial systems and proposing a roadmap for more diversified, competitive, and inclusive financial systems. The report recognizes the need to complement the financial development agenda by a financial stability agenda, to ensure that financial systems remain resilient as access is expanded and new risks emerge. The report starts by briefly reviewing the main causes of MENA's unsatisfactory growth and employment performance, identifying the region's broader growth agenda and the role of financial development in this agenda. It proceeds by reviewing the size and structure of MENA's financial systems, showing that most of these systems are excessively bank based and undiversified. The chapter provides a battery of access indicators showing that access outcomes have been very poor relative to those in other regions. It discusses the main causes of these poor outcomes and proposes a comprehensive agenda for financial development and financial stability. The report emphasizes the many common challenges faced by MENA countries, but it also recognizes the differences and tailors policy recommendations to the initial conditions in each of the main sub regions.

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