Wednesday
January 10
2018

IFC, Central Bank to Create Sri Lanka’s First National Strategy on Financial Inclusion

IFC, a member of the World Bank Group, is partnering with the Central Bank of Sri Lanka (CB) to develop the country’s first National Financial Inclusion Strategy (NFIS) to promote a more effective and efficient process to improve financial inclusion across Sri Lanka.

IFC, over the course of the project, will provide technical assistance to the CB to develop the NFIS, via an extensive development process involving consultations with members of the public sector, private sector, civil society organizations, and academia. The process provides an important opportunity to introduce an evidence-based, prioritized, better resourced, and more comprehensive approach to expanding access to financial services, according to an IFC media release on Tuesday.

Photo courtesy of Dhammika Heenpella.

Source: The Sunday Times (link opens in a new window)

Tags
banking, financial inclusion, financial services, IFC, Sri Lanka, World Bank