In addition, younger people tend to be less risk averse than older people in their financial decisions.8 All else constant, this higher risk aversion of older citizens means that as the population ages, access to capital for more risky firms, especially start-ups with little business history, is likely to be more restricted and more expensive.
It is my hope that this roundtable meeting and launch of AMPI will spur us to work together to develop smart and strategic policies and regulatory frameworks that can catalyse MFS into a platform for innovation, leading to greater financial inclusion and economic development in the African Continent. Thank you  2  BIS central bankers’ speeches