In light of recent political and social unrest in the region, foreign investors are taking a “wait-and-see” attitude to projects in the Middle East and North Africa. For the region’s investment promoters, this demands better, more proactive performance than in the past. Fortunately, although much remains to be done, the investment agencies of the 19 MENA governments are, as a group, off to a good start.
The World Bank’s database Global Findex estimates that more than 2.5 billion people from around the world lack access to formal financial institutions, with the largest concentrations in emerging markets and developing economies (EMDEs). This places the poor at a disadvantage, and significantly limits their ability to smooth their expenditures and engage in productive economic activity, particularly at a level and capacity sufficient to lift them out of poverty.