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....

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Main Author: World Bank
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
id okr-10986-25847
recordtype oai_dc
spelling okr-10986-258472021-05-25T08:56:38Z Kingdom of Morocco Financial Inclusion : Technical Note World Bank financial sector reform financial inclusion non-bank financial institutions regulatory framework financial consumer protection financial infrastructure credit reporting secured transactions payment systems remittances cashless transactions SME finance microfinance housing finance 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). 2017-01-12T20:44:08Z 2017-01-12T20:44:08Z 2016 Report http://documents.worldbank.org/curated/en/582721482315068981/Morocco-Technical-note-2016 http://hdl.handle.net/10986/25847 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program Middle East and North Africa Morocco
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic financial sector reform
financial inclusion
non-bank financial institutions
regulatory framework
financial consumer protection
financial infrastructure
credit reporting
secured transactions
payment systems
remittances
cashless transactions
SME finance
microfinance
housing finance
spellingShingle financial sector reform
financial inclusion
non-bank financial institutions
regulatory framework
financial consumer protection
financial infrastructure
credit reporting
secured transactions
payment systems
remittances
cashless transactions
SME finance
microfinance
housing finance
World Bank
Kingdom of Morocco Financial Inclusion : Technical Note
geographic_facet Middle East and North Africa
Morocco
description 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).
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Kingdom of Morocco Financial Inclusion : Technical Note
title_short Kingdom of Morocco Financial Inclusion : Technical Note
title_full Kingdom of Morocco Financial Inclusion : Technical Note
title_fullStr Kingdom of Morocco Financial Inclusion : Technical Note
title_full_unstemmed Kingdom of Morocco Financial Inclusion : Technical Note
title_sort kingdom of morocco financial inclusion : technical note
publisher World Bank, Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/582721482315068981/Morocco-Technical-note-2016
http://hdl.handle.net/10986/25847
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