Saudi Arabia’s banking sector is dynamic and competitive, comprised of domestic universal banks, foreign specialists and finance companies vying for market share. It is also a sector in the midst of significant and regulation-driven change, as the Kingdom’s leadership works to implement its long-term economic blueprint, outlined in detail in its Vision 2030 programme. Indeed, the financial...
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Saudi Arabia has undergone significant reforms to foster growth and diversification. While some initiatives were delayed during the Covid-19 pandemic, progress in areas such as the digital economy accelerated. Aided by elevated oil prices in 2022, strategies underlined in Vision 2030 continue moving forwards, and the Kingdom today presents ample opportunities for foreign investors, underpinned by efforts to boost private sector participation in the economy.
Despite global financial headwinds and significant declines in the value of cryptocurrencies this year, emerging markets are adopting the technology at a rapid pace.
Economic update | Can the “buy now, pay later” model unlock e-commerce potential in emerging markets?
22 Sep 2022
Building on the e-commerce momentum from the Covid-19 pandemic, the “buy now, pay later” (BNPL) model is one of the fastest-growing segments in consumer finance, particularly in emerging markets.
Interviews & Viewpoints | Tiémoko Meyliet Koné, Former Governor, Central Bank of West African States (Banque Centrale des Etats de l’Afrique de l’Ouest, BCEAO): Interview from The Report: Cote d'Ivoire 2022
What measures can be taken to increase the volume of credit and encourage long-term financing?
Articles & Analysis | How is digital banking increasing inclusion in Côte d’Ivoire? from The Report: Cote d'Ivoire 2022
The availability and affordability of financial services such as payments, savings, credit and insurance are central to financial inclusion. Rural populations, women and low-income groups in Côte d’Ivoire have historically had less access to financial services, which has impeded growth and economic activity. The comparatively high cost of traditional banking products has also...