Central Banking

Africa leads growth in financial inclusion, finds IMF study


African countries are showing the fastest growth in financial inclusion in the world, the International Monetary Fund (IMF) revealed today, following the publication of its yearly Financial Access Survey (FAS).

The survey compiles data on banks, ATMs per head of population, outstanding loans and many other indicators of financial inclusion, with 189 countries responding in 2013 – 96% of the total. The IMF claims it is "the most comprehensive source of global supply-side data on financial inclusi

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