Arab Spring countries boast higher credit limits, says Finnish paper
In Arab Spring countries, businesses are able to access higher levels of credit than in other parts of the Middle East and North Africa, according to a discussion paper published by the Bank of Finland on November 30.
The authors, Risto Herrala Rima Turk Ariss, say private sector development in the region is widely hindered by small firms' inability to access finance. Domestic equity markets are inefficient and debt markets "for all practical purposes are non-existent", the paper says.
However
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