期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2021
卷号：13
期号：1
页码：22
DOI：10.5539/ijef.v13n1p22
出版社：Canadian Center of Science and Education
摘要：With a loan portfolio estimated at $124.1 billion in 2018, 139.9 million borrowers benefited from microfinance services, compared to just 98 million in 2009 (World Bank Group, 2018). Despite a low quality portfolio and high borrowers' costs, the portfolio in the Middle East and North Africa (MENA) shows a remarkable increase of 20% but with a decrease of 6.6 points (Microfinance Barometer, 2019). Most of empirical studies have focused on the issue of microfinance, and research conducted on the effectiveness of microcredit is surprisingly scarce or even non-existent in the MENA region. In addition, microcredit could lead to sustainable development in the region via an income effect. The main objective of this paper is to determine the impact of microcredit on sustainable development for 10 selected MENA countries over the period 1990-2018. Empirical results paradoxically show a negative effect of microcredit on sustainable development. Although, the limitations of data, the present paper also contributes to the existing literature by advising conditions for the success of microcredit aiming for a better promotion of sustainable development.
关键词：microfinance; sustainable development; MENA countries
