Did you know that while many people in advanced economies have multiple bank accounts, there are barely two bank accounts for every ten people in low-income economies? Access to financial services is essential to spread the fruits of economic growth to all, not just to the fortunate few.
Read more here about how necessary reforms can be tweaked or completed by measures to ensure a win-win for both the rich and the poor of low-income economies:
- Blog by Christine Lagarde, IMF Managing Director
- Staff note on macro-structural policies and inequality in low-income countries.
Filed under: Advanced Economies, banking, Economic research, Emerging Markets, IMF, Inequality, International Monetary Fund, Low-income countries | Tagged: advanced economies, banking services, economic growth, emerging markets, financial services, IMF, iMFdirect blog, inequality, low-income countries, macro-structural policies |