Rajan weighs inclusion challenges as IMF identifies financial stability risks

raghuram-rajan
Raghuram Rajan

Reserve Bank of India (RBI) governor Raghuram Rajan highlighted how payments advances are driving financial inclusion today (October 8), during a panel discussion at the International Monetary Fund and World Bank annual meetings in Lima.

The panel followed the release of an IMF staff discussion note on the macro-economic impact of financial inclusion, which found it can help boost economic growth "up to a point" while there are "trade-offs" with financial stability.

One element of financial

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