Sri Lanka to execute an action plan to boost access to finance

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)

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