Financial inclusion carries the potential to lift millions out of poverty and central banks in many countries are showing great interest in it, but it is not without risks, staff at two international organisations warned this week.
On Tuesday, International Monetary Fund managing director Christine Lagarde told an audience at the Reserve Bank of India there should be "speed limits" on financial inclusion policies. Yesterday her second-in-command, David Lipton, gave a similar message to a gatheri
- Irish deputy governor warns hard Brexit is ‘entirely plausible’
- New Russian banknote provokes anger in Ukraine
- Low-paid jobs may explain flat Phillips curve – research
- G7 governors and ministers set out principles for assessing cyber security
- Canada’s Project Jasper to explore clearing of securities in third phase