Giving the world’s 2.5 billion “unbanked” people access to financial services such as savings accounts, loans, credit, and insurance could not only help them survive hard times and emerge from poverty, but boost entrepreneurship and economic growth, panelists said at a World Bank Live event, Closing the Gap with Financial Inclusion, on the eve of the World Bank-IMF Spring Meetings.
Mexico’s Finance Minister Jose Antonio Meade said “financial inclusion” -- enabling people to access financial resources that most of us take for granted—is key to “guaranteeing inclusive growth” that also benefits poor people. Mexico has leadership of the G20, and is co-hosting, with the World Bank, a high-level meeting on financial inclusion April 22.
To read the full, original article click on this link: Financial Inclusion Can Boost Growth and Entrepreneurship, Panel Says | Perspectives on development
