UNDP states 9 major characteristics of good  BIS central bankers’ speeches  1  governance: Participation, Rule of law, Transparency, Responsiveness, Consensus orientation, Equity, Effectiveness and Efficiency, Accountability and Strategic Vision. Good governance can spur the process of economic growth and lead to gains which are tangible, equitable and inclusive. 4.
Similarly, there is an equally compelling link between growth and financial inclusion especially in the emerging market economies. This is on account of the pivotal role that the banks play as financial intermediaries in these economies, both at a macro and a micro level.