Finally, I will discuss what this may mean for the design and use of our facilities going forward. I am sure no one has forgotten that day in September 2008, when Lehman Brothers went bankrupt, nor the messy aftermath that ensued in the days following. What was striking was the unprecedented spike in the cost of interbank borrowing, which then spread to other markets.
Therefore, financial inclusion is one of the key pillars of the G- 20’s development agenda. The G20 leaders at their Korea Summit in 2010 included “innovation” as one of the key principles for promoting financial inclusion.