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  1. Nov 2022
    1. India's central bank will introduce a pilot wholesale central bank digital currency (CBDC)

      Central Bank of India will introduce the pilot project to test the ability of the Central Bank Digital currency. Similar programs were launched around the world in an effort to test the future widespread use of the CBDCs.

      Pilot project in India is supported by nine largest Indian banks. The starting date of the pilot project is November first among the selected a group of merchants and users for this program.

      Central Bank Digital Currency is a digital version of countries respective currency issued by the Central Bank of that state.

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  2. Dec 2021
    1. Financial inclusion is a problem even in the rich world: one in five Americans were either unbanked or underbanked in 2018. Small firms regularly struggle to access finance.

      Good illustraiton of lack of financial inclusion

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  3. Sep 2021
    1. As both an LDC and LLDC, Nepal’s structural challenges are unique. We see our plan to graduate from the LDC category by 2026 as an opportunity to bring structural transformation and make the long-held national aspiration of graduation smooth, sustainable, and irreversible
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    1. It is imperative that we work together to build consensus and cohesion in respect of the plight of those facing threats of an existential nature, most notably SIDS.Our vulnerabilities are well known and they need not be expounded on here. What needs to bestressed, however, is that a “one-size-fits-all” approach to debt relief and concessionary financial flows is
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    1. NotwithstandingthestructuralconstraintstodevelopmentfacedbyLDCs,UgandahasregisteredprogressinimplementingtheIstanbulProgrammeofAction,inparticular,nationalpavedroadnetworkincreased;accessibilitytoelectricityandinnovationsaswellastheuseofmobiletechnologyforfinancialtransactionsincreased
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    1. The 2030 Agenda will remain unattainable until all countries have the financial capacity to invest in a sustainable and inclusive future.
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    1. industrialized countries should use these resources to create a mechanism to channel the quotas they have received to middle-and low-income countries, giving them access to concessionary funds.In such a mechanism, multilateral financial organizations would play a keyrole, thus ensuring that these resources reach the countries that really need them
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    1. В этой связи, призываем двусторонних и многосторонних кредиторов поддержать инициативы по облегчению внешнего долга в обмен на жизненно важные проекты устойчивого развития Кыргызстана.

      In this regard, we urge bilateral and multilateral lenders to support initiatives to ease external debt in exchange for vital sustainable development projects in Kyrgyzstan.

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