Economic and financial rationale for a regional multilateral bank for the Middle East and North Africa
By: Wafik Grais , Lorenzo Savorelli.
Contributors: Savorelli, Lorenzo.
Series: Working paper ;; 9928; Working paper (Economic Research Forum for the Arab Countries, Iran, and Turkey : Online) ;; 9928.
Publisher: Economic Research Forum for the Arab Countries, Iran & Turkey
Published: 1999
Place of publication: Cairo, Egypt
Language: eng
Format: Electronic resource
Subjects: Banks and banking, International -- Middle East.; Banks and banking, International -- Africa, North.
Description: "The MENA region has recently witnessed significant economic and financial development.  Yet its trade and capital flows remain marginal on a global level, and risk perceptions and institutional underdevelopment are still a powerful obstacle to an increased access to capital markets, a better mobilization of savings and of long term finance for investment, especially large infrastructure projects.  The paper argues that the creation of a regional multilateral bank for MENA could contribute to ease some of these constraints and to provide a powerful catalyst for increased capital flows, and that the recent attempt to turn this idea into reality, the MENABANK, currently on a shelve, deserves to be revamped"-- Economic Research Forum for the Arab Countries, Iran and Turkey web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.