58% of adults are financially literate in Sri Lanka

Wednesday, 26 October 2022 00:23 - - {{hitsCtrl.values.hits}}

‘Financial Literacy Survey
Sri Lanka – 2021’ publication out

Around 58% of Sri Lankan adults are financially literate according to the findings of a new survey.

Further, the findings imply that the level of financial literacy varies across different segments of the population, suggesting the need for targeted policy interventions.

For instance, despite gender parity in education, the survey notes gender disparity in financial literacy.

These facets and other useful findings are contained in the ‘Financial Literacy Survey Sri Lanka - 2021’, a publication of the Central Bank of Sri Lanka, which is now available for public access.

The Regional Development Department of the Central Bank of Sri Lanka, with the assistance of the International Finance Corporation (IFC) – under the IFC-DFAT Women in Work program – conducted the first ever countrywide Financial Literacy Survey in Sri Lanka, as part of the implementation of the National Financial Inclusion Strategy of Sri Lanka.

The key objective of the survey was to assess the level of financial literacy across the population with a view to formulating appropriate policy measures.

The survey focused on the elements of knowledge, attitudes and behaviour within the concept of financial literacy and this publication consists of the key survey findings.

This publication is a useful collection of information for those who are interested in the field of financial inclusion.

The English version of this publication is available in electronic form and can be accessed through the Central Bank website link (https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/financial_literacy_servey_sri_lanka_2021_e.pdf)