Work underway to establish independent microfinance loans regulatory authority

Preliminary work is afoot to establish an independent authority to regulate and develop microfinance loans, fulfilling another pledge of the 100 day program.

The relevant draft legal framework has been included in Department of Project Management and Monitoring website.

The Government anticipates obtaining public observations, comments and recommendations/proposals in this regard.

Public comments can be forwarded to U.G. Ratnasiri, Additional Secretary, Ministry of Policy Planning, Economic Affairs, Child, Youth and Cultural Affairs, Old Times Building, 1st Floor, Bristol Street, Colombo 01 or to the e-mail address [email protected]

Public comments also can be conveyed via 011-3010205 or 077-7003849.