• The digital revolution offers a chance to increase formal-sector employment without making compliance excessively burdensome Around the world, high inflation, slow economic growth, and food shortages are hurting the poor the most. Coming on top of the unequal effects of the Covid-19 pandemic, today’s multiple crises have already caused dramatic reversals in development and led to a substantial increase in global poverty. On the positive side, the Covid-19 crisis spurred unprecedented change, especially in industries with a large digital component. This digital revolution has catalysed increases in access to and use of financial services in developing economies, transforming how people mak
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