Lagarde says financial inclusion has key role in closing gender inequality gap
Women face extra hurdles in tapping into financial services, IMF chief says
Financial inclusion is a key ingredient of inclusive growth that helps close the gender and inequality gap, according to International Monetary Fund managing director Christine Lagarde, addressing the International Forum for Financial Inclusion in Mexico today.
She said: "Only 27% of the adult population has access to financial services, compared with 40% for the Latin America and Caribbean region, and only one in every five women is served by a formal financial institution."
Moreover, "in
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