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041			_afre
042			_adc
100	1	0	_aMekouar, Youssef _eauthor
700	1	0	_a Robert, Juliette _eauthor
245	0	0	_aFinancial Inclusion in the Middle East and North Africa: Challenges and Opportunities
260			_c2020.
500			_a28
520			_aDespite a steady increase in their outreach over the past decade, the countries of the Mediterranean basin continue to lag behind their neighbors in terms of breadth, scale, and diversity of their financial sectors. Across the whole region, a huge gap remains between the demand and provision of financial services: almost 100 million adults are still outside the formal financial system, and those segments of the population that are excluded from financial markets are also the most economically vulnerable. The political context (major political upheavals in 2011), the mistrust of financial actors towards the “bottom of the pyramid”, the restrictive regulations surrounding microfinance and the lack of awareness of the financial offer by potential beneficiaries explain this limited financial inclusion. Nevertheless, in the wake of the Arab Spring, many governments have become aware of the importance of improving access to financial services, and are updating their regulatory frameworks. The arrival of new actors (mobile operators, agent networks, payment institutions) also promotes financial progress and innovation in the basin, and may soon allow Mediterranean countries to include their still excluded populations in the formal financial system JEL Codes: G21, O16, O25, O55.
786	0		_nRevue d'économie financière | 136 | 4 | 2020-05-11 | p. 315-342 | 0987-3368
856	4	1	_uhttps://shs.cairn.info/journal-revue-d-economie-financiere-2019-4-page-315?lang=en&redirect-ssocas=7080
999			_c468240 _d468240