Financial Sector Development and Economic Diversification


Most countries in the MENA region are heavily dependent on primary production and resource-based sectors, with narrow export bases.

Countries are considering and developing strategies of economic diversification based on inter-sectoral linkages in petrochemical and other industries, the development of agricultural resources and the growth of the services sector -- a process in which foreign direct investment can play a crucial role.

Currently chaired by UAE and the UK, the Working Group on Financial Sector Development and Economic Diversification works toward:

  • assessing economic diversification of MENA countries
  • developing the financial sector of MENA countries
  • improving the policy environment and building capacities for entrepreneurship and SME development

Reference Material


The MENA-OECD Capital Markets Taskforce



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