Central bank independence in North Africa /

"Over the past 30 years, North African states have made positive strides toward central bank independence (CBI) that are correlated with overall structural transformations toward economic liberalization. The Arab uprisings appeared to provide a positive political nudge for advancing statutory amendments toward CBI. Compared to other emerging market economies and developing regions, there is further room for improvement on achieving the goals of CBI in North Africa. CBI in North Africa can be strengthened by promoting a learning culture and technocratic values within the central banks"--Key points.