Christine Lagarde: Only 45% of people in Caucasus and Central Asia have bank account

Finance
  • 16 May, 2019
  • 08:29
Christine Lagarde: Only 45% of people in Caucasus and Central Asia have bank account

Only 45% of people in Caucasus and Central Asia have bank account, Christine Lagarde, Managing Director at the International Monetary Fund (IMF), said at the 12th Astana Economic Forum, Report informs.

According to her, regional countries hold special place in the global market: "As an IMF, we support processes in fiscal, policy, education and infrastructure fields in Caucasus and Central Asia. Moreover, we also continue out technical assistance to the projects in the region. The share of this region in the globally developing markets constitutes 20%. Only 3% of the people of the regional countries have mobile money account. This shows which fields have development opportunities."

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