That additional GDP translates into an unemployment rate by the end of next year that is between 1/2 and 2 percentage points lower than it otherwise would be.
In conclusion, the quest for Financial Inclusion should be complemented by safety and soundness to ensure that gains made in inclusion are not eroded by loss of savings or loss of confidence in financial institutions. The BOU will continue to support formalisation of innovative approaches through improvements in regulatory framework as well as working with other stakeholders.