Ignazio Visco: Harnessing financial education to spur entrepreneurship and innovation
By Bank for International Settlements (BIS)
In this comprehensive address, Governor Ignazio Visco emphasizes that financial literacy is not merely an educational goal but a critical lever for sustainable and inclusive economic growth. He specifically addresses the challenges faced by Small and Medium-sized Enterprises (SMEs), noting that "opaqueness" and information asymmetry often force firms into an over-reliance on bank debt.
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