Friday Feb 07, 2025
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Exchanging of MoU between SDB Bank and IRSD (From left:) SDB Bank DGM/Chief Financial Officer Shanka Abeywardene , Executive Director /CEO Kapila Ariyaratne, IRSD Chairperson /Director Shirani Weerakoon, SDB Bank Manager – Rural Upliftment Sumedha Kumararachchi
Marking a significant milestone in its journey towards fostering sustainable development, SDB Bank has announced a strategic partnership with the Institute for Rural Sustainable Development (IRSD). A leader in providing consultancy and support for sustainability initiatives targeting rural communities, IRSD joins forces with SDB Bank to transform rural Sri Lanka through a comprehensive and impactful approach to sustainability.
Through this partnership, SDB Bank and IRSD will implement a comprehensive strategy that reflects their shared commitment to empowering rural communities and driving inclusive economic growth. The initiative will span key development areas, including the Cooperative and MSME sectors, community-based tourism, and women’s empowerment.
The partnership aligns perfectly with SDB Bank’s broader vision of supporting sustainable development by addressing the unique needs of rural communities under the Rural Upliftment Program of the bank. “Collaboration with IRSD bolsters our expert knowledge and helps us in our mission to realise the untapped human, social, and economic potential of these communities. Working together, we aim to transform rural economies and elevate the living standards of our fellow Sri Lankans,” said SDB Bank CEO/Executive Director Kapila Ariyaratne.
Under this initiative, SDB Bank will play a pivotal role in strengthening the cooperative sector, empowering rural communities by addressing their social, economic, and human development needs. Given their people-centred approach, cooperatives are expected to serve as key drivers of rural progress. Meanwhile, the initiative’s focus on MSME sector development will spur job creation, stimulate economic growth, and enhance resilience. By supporting micro, small, and medium enterprises, the partnership aims to establish a strong foundation for sustainable rural development.
IRSD, renowned for its expertise in community-based tourism, will leverage this knowledge to harness the unique cultural and natural assets of targeted regions. This approach will create new income opportunities for local communities while preserving their heritage and environment. Additionally, through this partnership, SDB Bank will further its commitment to women’s empowerment by encouraging female participation in green agriculture, entrepreneurship, and business management. This emphasis underscores the vital role of women in driving sustainable and inclusive rural growth.
Since its inception, SDB Bank has been widely recognised for its dedication to fostering long-term growth and prosperity at the foundational level. Continuously innovating to expand its reach, the bank has cemented its role as a catalyst for rural development. By forging partnerships with reputed organisations like IRSD, SDB Bank reaffirms its mission to make a tangible difference in the lives of rural communities. This collaboration not only promises transformative change but also sets a benchmark for future efforts in sustainable development.
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