Arab Credit Reporting Guide
During the first decade of this century, from 2001 to 2010, attention focused on the development of the credit information industry in the Middle East and North Africa (MENA) region. As MENA’s role in the global economy increases along with its att...
Main Authors: | , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
International Finance Corporation, Washington, DC
2017
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/826841484717962026/Arab-credit-reporting-guide http://hdl.handle.net/10986/25979 |
Summary: | During the first decade of this century,
from 2001 to 2010, attention focused on the development of
the credit information industry in the Middle East and North
Africa (MENA) region. As MENA’s role in the global economy
increases along with its attendant demographic integration,
the development of comprehensive information sharing systems
across the region has become an imperative. The overall
credit information system in the region requires reform at
the initiative of stakeholders. Among the challenges are the
diverse levels of technology, and lack of awareness and
discipline in data collection. In response to traditional
risk-assessment methods and, in some cases, a resistance to
change, stakeholders have been encouraged to undertake
innovative changes in the methods of risk evaluation being
used by the credit industry. IFC and AMF commissioned the
production of this guide to map progress and provide an
overview of the credit reporting systems in the region. For
the first time, an index representing a quantification of
credit reporting in each country has been developed. To
offer lessons learned, the guide highlights selected global
trends and best practice for credit information sharing. The
guide contains case studies of the 19 MENA countries with
specific recommendations for local conditions. |
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