The Central Bank of Sri Lanka (CBSL), with assistance from the World Bank Group’s International Finance Corporation (IFC), recently launched a National Finance Inclusion Strategy (NFIS). The strategy has four primary goals: “increase access to digital finance and payments, boost access to finance for MSMEs [micro-, small and medium-sized enterprises], protect financial consumers, and
Tag: Central Bank of Sri Lanka
MICROCAPITAL BRIEF: Central Bank of Sri Lanka Plans Mergers of Weaker, Stronger NBFIs; Cutting Number in Half
The Central Bank of Sri Lanka (CBSL) reportedly is working on a plan to merge multiple “ailing” non-banking financial institutions (NBFIs) in the country with “financially stable” firms, given that “nearly half of the sector face[s] severe liquidity issues.” Central Bank Governor W D Lakshman reportedly stated,