South Asia and Beyond

Tags : banking

Lending to Low-Income Households

One of the worst kept secrets about rural India is that despite accounting for two-third’s of the country’s population and nearly half of its gross domestic product, their access to formal credit is less than 10 percent. Part of the reason is that most of rural India till recently was unbanked. All this is changing […]Read More

China Calls For Greater Say In IMF

China wants more say in the international financial system to match its economic prowess. This is what China’s central bank chief Pan Gongsheng said at the Boao Forum for Asia. He urged immediate reforms of global institutions like the International Monetary Fund (IMF), which he said needed to mirror the current economic weight that countries carry, […]Read More