Confidence in stability matters for financial inclusion – IMF paper
Study of central Asia finds good governance increases effectiveness of many policies
Public confidence in the economy and banking sector is closely linked to levels of financial inclusion, especially in central Asian countries, research by the International Monetary Fund finds.
The working paper explores a trend from the World Bank’s Findex financial inclusion survey, which showed in 2021 that trust in banks was a “major barrier” to bank account penetration in the Caucasus and central Asia (CCA). The region has frequently suffered external shocks that have resulted in “economic
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