Public lecture on ‘What is financial literacy and why is it important’ tomorrow

Wednesday, 27 March 2019 00:00 - - {{hitsCtrl.values.hits}}

A public lecture on ‘What is financial literacy and why is it important’ will be held from 4:30 to 5:30 p.m. on Thursday 28 March, in English medium at the CBS auditorium, Rajagiriya. Entrance is free and the public is welcome to attend.

CFA Society Sri Lanka, the local society of the CFA Institute collaborating with Central Bank of Sri Lanka (CBSL) to support the CBSL’s National Financial Inclusion Strategy (NFIS).

The presentation will be made by CFA Society Sri Lanka Advocacy Chair/Director Ravi Abeysuriya CFA, who has authored an e-book ‘Financial Literacy to Achieve Your Financial Wellbeing’ which is available to download free of charge at www.cfasrilanka.lk.

Those who attend the public lecture are likely to benefit from understanding the basic concepts of Financial Literacy to make better and more informed decisions when it comes to saving and borrowing money.

The financial literacy rate in Sri Lanka is 35% compared to an average of 65% in more developed economies. Low financial literacy levels and poor financial education are the root cause of financial problems faced by many Sri Lankans. Financial literacy matters on many levels. It helps people manage their financial affairs and improve their standard of living. But it also makes an important contribution to the soundness and efficiency of the financial system and to the performance of the economy.