CHINA: Central Bank Shifts to Tackle Poverty 


On 15 January, a statement from the People’s Bank of China (PBOC) announced a shift in policy to provide greater financial support in poverty stricken regions. This shift requires financial institutions to increase credit support for impoverished individuals through re-lending. In addition, institutions will be expected to broaden channels of direct finance. The PBOC projects this initiative will be fully implemented by the end of 2020.  
      
[Andrew Ruffini]