IFC joins with Central Bank of SL to develop a National Financial Inclusion Strategy (VIDEO)

IFC joins with Central Bank of SL to develop a National Financial Inclusion Strategy (VIDEO)

Written by Staff Writer

10 Jan, 2018 | 10:33 pm

Over the past three years, the current government has sought the services of several international consultancy firms for numerous projects in Sri Lanka.

Baker and Mackenzie is a global law firm which specializes in financial and commercial tax law.

This firm has been enlisted for consultancy on amending laws and drafting new laws for the proposed financial city project.

Services of McKinsey and Co. come at a cost of $2.3 million (US) for the Central Program Management Unit.

In June 2016, The Ministry of Development Strategies and International Trade signed an 18 month agreement with the American firm Sandler, Travis and Rosenberg.

This was done to educate officials on the peace process, increase economic ties and create market access for Sri Lankan goods and services.

Services of Sandler, Travis and Rosenberg will cost $630,000 (US) for one and a half years.

International Finance Corporation

A member of the World Bank Group is partnering with the Central Bank of Sri Lanka to develop the country’s first ‘National Financial Inclusion Strategy’.

The partner? – International Finance Corporation.

National Financial Inclusion Strategy is being developed to promote a more effective and efficient process to improve financial inclusion across Sri Lanka.

The IFC is expected to provide technical assistance to the Central Bank.

The development of the strategy will be led by CBSL with the support of;

  • Ministry of National Policies and Economic Affairs
  • Ministry of Finance and Mass Media
  • IFC
  • All financial sector stakeholders

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