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Daring New Financial Channels for Development and Social Inclusion

  • Mahmoud Sami Nabi
Chapter

Abstract

The current huge financial gap of Tunisia cannot be reduced without the activation of new financial channels beyond the conventional ones. These non-conventional mechanisms and instruments shall enable public institutions to play their strategic role, in addition to the private sector, in catalyzing the economic transformation of Tunisia. This chapter sheds light on a variety of non-traditional mechanisms and instruments for financial resource mobilization. It begins by exposing the benefits of various mechanisms of securitization including an innovative mechanism tailored for the Tunisian context. Then, it defends the opportunity to develop equity finance, crowdfunding and trade finance. After that, it suggests a non-conventional monetary policy based on targeted quantitative easing (TQE) coupled with securitization. It dedicates a special section to the role of participatory banks in improving access to finance and the potential of coupling cooperatives and microfinance in generating jobs for the youth. Finally, it motivates the opportunity to utilize a globally emerging financial instrument, the Social Impact Bonds, to unlock and channel the philanthropic potential of Tunisia to support governmental social programs.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mahmoud Sami Nabi
    • 1
  1. 1.LEGI-Tunisia Polytechnic School and FSEG NabeulUniversity of CarthageTunisTunisia

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