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Michael Tarazi and Nadine Chehade of CGAP’s Middle East and North Africa (MENA) regional team are hosting a live web chat on financial inclusion in the Arab world tomorrow. The chat will be held from 10:30 to 11:00 AM EST, wherein Michael and Nadine will take participants’ live questions.
After the Arab Spring uprisings of 2011, 2012 was a year of advancing new governments that promote inclusion. Tomorrow’s chat is an opportunity to discuss the financial inclusion progress that was made in 2012 and what to expect in 2013. Michael and Nadine, along with Mayada El-Zoghbi, wrote a post on this topic that ran on the CGAP Blog last week. To check out the post, click here. For more information on tomorrow’s web chat – including how to register – click here.
> Posted by Center Staff
As the Arab Spring revealed, financial exclusion (in this case unemployment and a widespread lack of economic opportunity etc.) can have widespread effects on a country’s political and social stability. The Arab Policy Forum, co-sponsored by CGAP, GIZ, and Sanabel, was recently held to address this lack of financial access and its consequences. Check out a recent post on the CGAP Microfinance Blog to find out more about the forum and some of the opportunities and challenges for financial inclusion in the MENA region.
The post begins:
The Arab Spring leaves no doubt: financial exclusion costs. Arab policy makers, who long regarded microfinance as charity for the poor, are realizing that a financial system that serves only 20 percent of the population is a key ingredient in the recipe for political instability. For too long, positive aggregate growth figures were hiding the underlying causes of the unrest: unemployment, high inflation, authoritarian rule and a lack of economic opportunities for the majority of the population, especially younger generations. Read the rest of this entry »
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