During the first decade of this century,from 2001 to 2010, attention focused on the development ofthe credit information industry in the Middle East and NorthAfrica (MENA) region. As MENA’s role in the global economyincreases along with its attendant demographic integration,the development of comprehensive information sharing systemsacross the region has become an imperative. The overallcredit information system in the region requires reform atthe initiative of stakeholders. Among the challenges are thediverse levels of technology, and lack of awareness anddiscipline in data collection. In response to traditionalrisk-assessment methods and, in some cases, a resistance tochange, stakeholders have been encouraged to undertakeinnovative changes in the methods of risk evaluation beingused by the credit industry. IFC and AMF commissioned theproduction of this guide to map progress and provide anoverview of the credit reporting systems in the region. Forthe first time, an index representing a quantification ofcredit reporting in each country has been developed. Tooffer lessons learned, the guide highlights selected globaltrends and best practice for credit information sharing. Theguide contains case studies of the 19 MENA countries withspecific recommendations for local conditions.
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