This paper uses a panel of annual observations for 198 banks in 19 Middle East and North Africa countries over 2001-12 to develop an early warning system for forecasting bank insolvency based on a multivariate logistic regression framework. The results show that the traditional CAMEL indicators...

This paper presents evidence on implementation of the World Bank Group and Financial Sector Reform and Strengthening Initiative "Principles for Public Credit Guarantee Schemes for Small and Medium Enterprises". The evidence is based on a self-assessment of 60 schemes in 54 countries. Overall,...

Financial repression resurfaced in the wake of the global financial crisis and may become a common feature in the post Coronavirus 2019 (COVID-19) world. To advance knowledge and inform policy advice, this paper presents a new database on interest rate controls, a popular form of financial...

Esta 11 ª edição do Outlook Africano Económica analisa os recentes desenvolvimentos económicos, sociais e políticos e as evoluções de curto prazo prováveis ​​de 53 países africanos. A edição deste ano será pela primeira vez cobrir a Eritréia e Sudão meridional. O foco da AEO...

What qualifies an economy as “emerging”? The answers provided in this book lead to a fresh conception of the diversity of the African continent. Thus, growth dynamics cannot simply be measured in economic terms. Indicators must also include governance, efficiency and democracy of...

Tunisia faces the challenge of improving the quality of its public spending and maintaining fiscal sustainability following a decade of weak economic performance. It is critical for Tunisia to strengthen the quality of infrastructure and services, and to support inclusive growth and private...

This briefing note provides a rapid scan of partnership initiatives by the World Bank, the African Development Bank (AfDB) and the Water and Sanitation Program (WSP) to improve the state of water and sanitation services in Africa. The note aims to highlight the gains and challenges of the major...