Understanding Microfinance in MENA

A wall for commitments to financial inclusion. “The Arab world has the lowest level of financial inclusion”. This was the statement made by Dr. Abdulrahman Al Hamidi, director general and chairman of the Arab Monetary Fund (AMF) at the opening of the 18th Microcredit Summit in Abu Dhabi in March. He cited World Bank data stating that 16 to 17 million small businesses in the Arab region have no access to financing and official financial services. The theme of the summit ‘Frontier Innovations in Financial Inclusion’, …

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Understanding microfinance in MENA