Rajan weighs inclusion challenges as IMF identifies financial stability risks

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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