📈 CBSL & Australia Partner to Boost Digital Financial Literacy for MSMEs

The Central Bank of Sri Lanka (CBSL) has signed a Memorandum of Understanding (MoU) with Australia’s Skills for an Inclusive Economy (S4IE) program to launch a pilot initiative targeting the digital financial literacy of micro, small, and medium enterprises (MSMEs). • Strategic Objectives The pilot focuses on improving access to finance, enhancing institutional coordination, and strengthening the enabling environment for the MSME sector, which is recognized as a critical driver of Sri Lanka’s economic recovery. • Key Partnership Details International Collaboration: Funded/supported by Australia to promote inclusive economic development and stability. Scalability: CBSL Governor Dr. P. Nandalal Weerasinghe noted the initiative will test evidence-based solutions intended for national scale-up following the pilot phase. Focus Areas: Strengthening institutional capacity and building sustainable systems that extend beyond the initial project timeline. • Economic Impact The initiative aligns with national reforms aimed at economic resilience. By empowering the MSME sector—a major source of employment—through digital literacy, the program seeks to foster long-term inclusive growth and shared prosperity.