Malaysia casts a wider net to boost growth

Developing countries have identified access to affordable financial services as critical to economic growth. Intent on boosting its peoples’ wealth by 2020, Malaysia is among the leaders in devising ways to bring its population into the formal financial system.

Malaysia casts a wider net to boost growth

Developing countries have identified access to affordable financial services such as credit, insurance and secure savings as critical to economic growth. Intent on boosting its peoples’ wealth by 2020, Malaysia is among the leaders in devising ways to bring its population into the formal financial system.  

Some 2.5 billion adults globally have no access to financial services, according to the World Bank. These people often depend on informal money lenders where interest rates...

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