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Hundreds of millions of people live on the cash economy without the benefits of banking, affordable credit and other financial services.

Digital solutions for financial inclusion

Worldwide, there are 1.7 billion people who are outside of the formal banking and financial system. They struggle with high fees and risky systems to undertake even simple financial transactions. Digital innovations offer new ways to bring them out of financial darkness.

Lotte Schou-Zibell

Emerging Asia should brace for higher global interest rates

The US Fed has been winding down its bond purchase program, widely known as “quantitative easing,” since December 2013. The program was introduced in the wake of the 2008 global financial crisis to fight the recession and foster a rapid economic recovery. With the improvement in the US economy, the Fed suggested at its policy meeting in March that the program may end this coming fall and it may start raising interest rates about six months from then.

Cyn-Young Park (朴信永)

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