Kingdom of Morocco Financial Inclusion : Technical Note
Morocco has made important progress in economic development and financial inclusion since the 2007 Financial Sector Assessment Program (FSAP). Sustained economic growth has contributed to reducing poverty and greater sharing of economic prosperity....
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/582721482315068981/Morocco-Technical-note-2016 http://hdl.handle.net/10986/25847 |
| Summary: | Morocco has made important progress in
economic development and financial inclusion since the 2007
Financial Sector Assessment Program (FSAP). Sustained
economic growth has contributed to reducing poverty and
greater sharing of economic prosperity. The financial sector
has emerged as one of the most developed and inclusive in
the Middle East and North Africa (MENA) region. This
technical note covers a large spectrum of financial
inclusion topics in Morocco, mostly from the vantage point
of banks, microcredit associations and finance companies.
However, limits to the FSAP budget prevented extending the
analysis to important policy initiatives or subjects,
including low-income housing finance, rural finance,
financing start-ups, promoting long-term saving,
facilitating Small and Medium Enterprise (SME) listings, the
role of the National Initiative for Human Development or tax
incentives to formalize economic activity. The analysis
relies on benchmarking Morocco to the averages of (i) Middle
East and North Africa (MENA) countries and (ii) its income
group as defined by the World Bank. In addition, Peru, South
Africa and Turkey were selected as emerging market peers
based on income level, financial depth and degree of
financial inclusion in specific areas: Peru (microfinance),
South Africa (low-income household access), and Turkey (SME finance). |
|---|