Without trust, the process of intermediation and credit provision will be greatly curtailed. In turn, this will impede the path to global economic recovery with costs to all. We have to lay out the road ahead, put down the road rules in the form of regulations and other curbs on the financial sector. But then the journey still needs to be taken.
Next month, we will launch the National Strategy for Financial Inclusion, which is envisioned to be a platform for inter-agency collaborative work between the public and the private sectors to achieve a truly inclusive eco-system.