The direct effect of the recent oil price rise on headline inflation in the United States is estimated to be around ½ percentage point by the end of the year. But for the tight monetary policy that curbed demand pressures and kept core and headline inflation in check, inflationary trends would have been more significant in Pakistan.
Given this broad background and context on fintech, and with this coordinated approach in mind, I would like to turn our attention to this inaugural fintech outreach established by the IFWG. Why is this outreach important? And what is the IFWG attempting to achieve through these engagements?