ECONOMYNEXT – Sri Lanka will execute an action plan to expand access to banking, payment services, insurance and pensions, co-cabinet spokesman Minister Ramesh Pathirana said.
A National Financial Inclusion Strategy has been prepared by the central bank with contributions from multiple stakeholders.
“The aim of the strategy is to provide access to formal financial services at a bearable cost to individuals and entrepreneurs,” said Pathirana.
The cabinet of ministers has approved an action plan submitted by Finance Minister Mahinda Rajapaksa to expand financial inclusion, he said. (Colombo/Mar5/2020)