Banks are driving financial inclusion
Despite the commitment countries like India, one of the biggest challenges many of the banks still face is the slow capacity-building of their regulators and supervisors
Halfway through 2016, global growth looks likely to come in under 3% for the fifth consecutive year. Policymakers in both mature and emerging markets continue to grapple with headwinds, relying on expansive monetary policy and struggling to push through structural reforms to accelerate growth. In the search for sources of growth, one area that doesn’t get nearly enough attention is the world’s low-income population. Integrating them into the financial system would alleviate poverty and be a source of greater long-term growth for the broader economy.