IMF chief calls on countries to promote fintech
Wednesday, 09 30 2020, Category: Technology, Country: World
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has called for the promotion of fintech on a global scale to accelerate financial inclusion for a better and more resilient post-pandemic world.
In her video address to the opening ceremony of the first INCLUSION Fintech Conference, which kicked off Thursday in Shanghai, the IMF chief said the second-quarter economic performance in China, and in many advanced economies, was better than anticipated.
However, according to Georgieva, the outlook for emerging markets and developing economies, other than China, remains "precarious." Across all countries, growth prospects are affected by "economic scarring," including job losses and higher inequality.
She emphasized the importance of financial inclusion to advance a fairer, faster, and smarter economic recovery.