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Financial Inclusion in Sri Lanka: Current Status and Issues

In: Financial Inclusion in Asia

Author

Listed:
  • Ganga Tilakaratna

    (Institute of Policy Studies)

Abstract

Financial inclusion has been increasingly recognized as an important tool for alleviating poverty, improving household welfare, and promoting business activities. Yet, nearly 40 % of the adults (15 years and above) in the world do not have an account in a financial institution (World Bank 2015). In Sri Lanka, currently supports a large number of financial institutions (FIs), both formal and semiformal, providing a range of different financial services such as loans, savings, leasing and finance, and pawning facilities to its population. There is also evidence of high access to and use of financial services across income groups.

Suggested Citation

  • Ganga Tilakaratna, 2016. "Financial Inclusion in Sri Lanka: Current Status and Issues," Palgrave Studies in Impact Finance, in: Sasidaran Gopalan & Tomoo Kikuchi (ed.), Financial Inclusion in Asia, chapter 6, pages 187-208, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-1-137-58337-6_6
    DOI: 10.1057/978-1-137-58337-6_6
    as

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