Fiscal policy Now let me turn to fiscal policy. In many ways, this has been the Achilles heel of Latin American economic policy. There are very few examples of sound fiscal frameworks in the region, although I would point to Chile, which has adopted the prudent policy of sequestering the windfall gains realized from the sharp increase in the prices of its exports.
The policy makers in India – Government of India and the Reserve Bank of India – acknowledged the importance of financial inclusion early and have taken a number of measures to ensure that the benefits of economic growth percolate down to the poor and excluded sections of the society. 3.