1.7 billion people globally are unbanked – IMF
The Director General of the International Monetary Fund (IMF) Kristalina Georgieva has revealed that 1.7 billion adults around the world are still unbanked.
She said about half of unbanked people include women from poor households in rural areas or out of the workforce.
Madam Georgieva said these during a virtual conference on Financial Inclusion and Cybersecurity Co-hosted by IMF, Carnegie Endowment for International Peace, World Bank, and the World Economic Forum on Thursday December 10.
She said “This brings me to a very important point: COVID-19 accelerates our digital advancements, and opportunities are multiplying at an even faster pace. But so are the risks. And if we want to harness the great power of technology to lift people up, we need to deal effectively with the threats that can bring technology down and harm lives and livelihoods.
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