MENA Enterprise Survey Report Working Papers: Volume 2 - Jobs, access to credit and informality in the Middle East and North Africa

17-06-2022
MENA Enterprise Survey Report Working Papers: Volume 2
MENA Enterprise Survey Report Working Papers: Volume 2

The economic environment in the Middle East and North Africa (MENA) region is characterised by a long-lasting stagnation in job creation. Over the period 2016-2019, employment growth was about 1.4%, well below the performance of lower-middle- and upper-middle-income countries.

One crucial determinant of employment growth is finance, with recent evidence documenting the positive effect of access to credit on employment and investment. Yet, an obstacle to the virtuous role of the financial system in the region is the disconnectedness of private firms from the banking sector.