These efforts culminated in internal outreach to examiners and external outreach to banks in both the RBO and CBO portfolios to promote awareness and proactive management of these risks in the fall of 2022.
I would also like to congratulate all those who are graduating today. Financial inclusion, which is defined as expanding access of low income families to a broad range of formal financial services, has become a priority for financial sector policy makers across the developing world in recent years. The main reasons for prioritizing financial inclusion as a policy objective are threefold.