What is the IMF's role in promoting inclusive finance and microfinance?

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What is the IMF's role in promoting inclusive finance and microfinance?

The IMF's role in promoting inclusive finance and microfinance is to provide technical assistance and policy advice to member countries in order to enhance financial inclusion and support the development of microfinance institutions. The IMF works with governments and other stakeholders to improve access to financial services for underserved populations, such as low-income individuals and small businesses. This includes promoting financial sector reforms, strengthening regulatory frameworks, and encouraging the adoption of innovative technologies to expand financial services to marginalized groups. Additionally, the IMF supports capacity building efforts and knowledge sharing to help countries design and implement effective inclusive finance and microfinance policies.