Quotable: Universal financial access by 2020 is possible

Financial Inclusion

Quotable: Universal financial access by 2020 is possible

World Bank Group President Jim Yong Kim speaks at the the plenary of the World Bank/International Monetary Fund Annual Meetings. Photo credit: World Bank Photo Collection (flickr)

“Globally, 2.5 billion adults have no mechanisms to save money, let alone pay bills through a transactional account or through a mobile phone. We believe we can chart a path toward universal financial access by bringing together multiple approaches and technologies. This is exactly the type of ambitious project that can help lift many people, especially women, out of poverty.”

- World Bank Group President Jim Yong Kim, speaking of a new initiative to reach universal financial access by 2020.

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