The Arab Credit Reporting Initiative (ACRI) aims to improve the efficiency of credit information reporting systems in the MENA markets by raising financial community and public awareness and promoting best practices with a view to facilitate access to finance for small and medium enterprises which are the key drivers for economic growth. The main objectives of the initiative are as follows:
- Raise awareness about the importance of credit information sharing
- Support regional authorities in defining and implementing appropriate policies reforms aimed at the establishment and harmonization of credit reporting systems throughout the region based on international standards; and
- Promote and enable a competitive business and regulatory environments.