Sri Lanka : Improving Access to Financial Services, Selected Issues
Sri Lanka has made significant achievements in the provision of financial services in some areas, but there are still critical market segments that remain underserved, especially for small and rural enterprises. Low-income households could also benefit from access to a more diverse set of financial...
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| Format: | Other Financial Sector Study |
| Language: | English en_US |
| Published: |
Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2005/01/6966868/sri-lanka-improving-access-financial-services-selected-issues http://hdl.handle.net/10986/8812 |
| id |
okr-10986-8812 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ADB AGRICULTURAL FINANCE AGRICULTURAL PRODUCE AGRICULTURAL SECTOR AGRICULTURAL SERVICES AGRICULTURAL SUPPORT AGRICULTURE ASSETS AUTOMATED TELLER MACHINES BALANCE OF PAYMENTS BANK BRANCHES BANK DEPOSITS BANKING LEGISLATION BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BETTER ACCESS TO INFORMATION BORROWING CAPITALIZATION CENTRAL BANK CENTRAL BANK OF SRI LANKA CLEARING HOUSE CO-OPERATIVE COMMERCIAL BANK COMMERCIAL BANKS COMPANY COMPREHENSIVE STRATEGY CONFLICT CONSUMERS CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS COOPERATIVES CORPORATION CREDIT RISK CROWDING OUT DEBT DEPOSITS DUE DILIGENCE ECONOMIC GROWTH ECONOMIC RISKS ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER ELECTRONIC FUNDS TRANSFER SYSTEMS EMPLOYMENT EXCLUSIVE RIGHTS FACTORING FARMERS FINANCIAL DEEPENING FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RECORDS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCING SOURCES FISCAL DEFICITS FOREIGN BANKS FOREIGN ENTRY GDP GROSS DOMESTIC PRODUCT GROWTH POTENTIAL HOUSING INCOME INSURANCE INSURANCE INDUSTRY INTEREST RATES INVESTMENT COMPANIES KOREA LEGAL FRAMEWORK LEGISLATIVE FRAMEWORK LENDING PATTERNS LIMITED LIQUIDITY LTD. MACROECONOMIC STABILITY MANAGEMENT INFORMATION SYSTEMS MANDATES MERCHANT BANK MERCHANT BANKS MICROFINANCE NET SAVINGS NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOANS PAYMENT SYSTEMS PENSIONS POOR POOR HOUSEHOLDS PORTFOLIOS POVERTY ALLEVIATION POVERTY INCIDENCE POVERTY REDUCTION PRIVATE BANKS PRIVATE COMMERCIAL BANKS PRIVATE PARTNERSHIPS PRODUCT MARKETS PRODUCTIVITY PROFITABILITY PROPRIETARY PUBLIC FINANCIAL INSTITUTIONS PUBLIC POLICY PUBLIC SERVICES REAL INTEREST RATE REGIONAL DEVELOPMENT BANKS REGULATORY FRAMEWORK RESOURCE ALLOCATION RESOURCE MOBILIZATION RETIREMENT RISK MANAGEMENT RURAL RURAL AREAS RURAL BANKS RURAL CREDIT RURAL ENTERPRISES RURAL FINANCE RURAL FINANCIAL SERVICES RURAL HOUSEHOLDS RURAL INFRASTRUCTURE RURAL SECTOR SAVINGS SAVINGS ACCOUNTS SECURITIES SECURITIZATION SMALL BUSINESS SMALL BUSINESSES SOCIETIES SPECIALIZED BANKS STAKEHOLDERS STATE BANK STATE BANKS STATE ENTERPRISES SUBSIDIARY TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TRANSACTION COSTS TRANSACTIONS COSTS TRANSPORT TRUSTS VALUE ADDED VENTURE CAPITAL |
| spellingShingle |
ACCOUNTING ADB AGRICULTURAL FINANCE AGRICULTURAL PRODUCE AGRICULTURAL SECTOR AGRICULTURAL SERVICES AGRICULTURAL SUPPORT AGRICULTURE ASSETS AUTOMATED TELLER MACHINES BALANCE OF PAYMENTS BANK BRANCHES BANK DEPOSITS BANKING LEGISLATION BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BETTER ACCESS TO INFORMATION BORROWING CAPITALIZATION CENTRAL BANK CENTRAL BANK OF SRI LANKA CLEARING HOUSE CO-OPERATIVE COMMERCIAL BANK COMMERCIAL BANKS COMPANY COMPREHENSIVE STRATEGY CONFLICT CONSUMERS CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS COOPERATIVES CORPORATION CREDIT RISK CROWDING OUT DEBT DEPOSITS DUE DILIGENCE ECONOMIC GROWTH ECONOMIC RISKS ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER ELECTRONIC FUNDS TRANSFER SYSTEMS EMPLOYMENT EXCLUSIVE RIGHTS FACTORING FARMERS FINANCIAL DEEPENING FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RECORDS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCING SOURCES FISCAL DEFICITS FOREIGN BANKS FOREIGN ENTRY GDP GROSS DOMESTIC PRODUCT GROWTH POTENTIAL HOUSING INCOME INSURANCE INSURANCE INDUSTRY INTEREST RATES INVESTMENT COMPANIES KOREA LEGAL FRAMEWORK LEGISLATIVE FRAMEWORK LENDING PATTERNS LIMITED LIQUIDITY LTD. MACROECONOMIC STABILITY MANAGEMENT INFORMATION SYSTEMS MANDATES MERCHANT BANK MERCHANT BANKS MICROFINANCE NET SAVINGS NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOANS PAYMENT SYSTEMS PENSIONS POOR POOR HOUSEHOLDS PORTFOLIOS POVERTY ALLEVIATION POVERTY INCIDENCE POVERTY REDUCTION PRIVATE BANKS PRIVATE COMMERCIAL BANKS PRIVATE PARTNERSHIPS PRODUCT MARKETS PRODUCTIVITY PROFITABILITY PROPRIETARY PUBLIC FINANCIAL INSTITUTIONS PUBLIC POLICY PUBLIC SERVICES REAL INTEREST RATE REGIONAL DEVELOPMENT BANKS REGULATORY FRAMEWORK RESOURCE ALLOCATION RESOURCE MOBILIZATION RETIREMENT RISK MANAGEMENT RURAL RURAL AREAS RURAL BANKS RURAL CREDIT RURAL ENTERPRISES RURAL FINANCE RURAL FINANCIAL SERVICES RURAL HOUSEHOLDS RURAL INFRASTRUCTURE RURAL SECTOR SAVINGS SAVINGS ACCOUNTS SECURITIES SECURITIZATION SMALL BUSINESS SMALL BUSINESSES SOCIETIES SPECIALIZED BANKS STAKEHOLDERS STATE BANK STATE BANKS STATE ENTERPRISES SUBSIDIARY TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TRANSACTION COSTS TRANSACTIONS COSTS TRANSPORT TRUSTS VALUE ADDED VENTURE CAPITAL World Bank Sri Lanka : Improving Access to Financial Services, Selected Issues |
| geographic_facet |
South Asia Asia South Asia Sri Lanka |
| description |
Sri Lanka has made significant achievements in the provision of financial services in some areas, but there are still critical market segments that remain underserved, especially for small and rural enterprises. Low-income households could also benefit from access to a more diverse set of financial products, such as enhanced remittances and payment services, longer-term savings instruments, insurance products, and improved access to housing finance. The complexity and diversity of the needs suggest that various approaches have to be examined and that a broad range of institutions can be engaged in the delivery of financial services. This report analyzes opportunities for expanding services to key underserved markets. Chapter 2 looks at the expansion of financing opportunities for small businesses. Chapter 3 complements the analysis of Chapter 2 by examining how to improve finance for agriculture through supply chains. Chapter 4 focuses on delivery channels for rural remittances. Remittances to Sri Lanka have been growing rapidly, and the risks posed by informal networks need to be minimized. Moreover, linking migrants to formal financial institutions will yield additional benefits by exposing them to a broad range of financial services (such as savings, credit, and insurance) that can help them manage their economic risks better. Chapter 5 explores the potential role of the postal network in broadening access to financial services in rural areas. Chapter 6 summarizes the main findings of the report. |
| format |
Economic & Sector Work :: Other Financial Sector Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Sri Lanka : Improving Access to Financial Services, Selected Issues |
| title_short |
Sri Lanka : Improving Access to Financial Services, Selected Issues |
| title_full |
Sri Lanka : Improving Access to Financial Services, Selected Issues |
| title_fullStr |
Sri Lanka : Improving Access to Financial Services, Selected Issues |
| title_full_unstemmed |
Sri Lanka : Improving Access to Financial Services, Selected Issues |
| title_sort |
sri lanka : improving access to financial services, selected issues |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/01/6966868/sri-lanka-improving-access-financial-services-selected-issues http://hdl.handle.net/10986/8812 |
| _version_ |
1764405625037520896 |
| spelling |
okr-10986-88122021-04-23T14:02:40Z Sri Lanka : Improving Access to Financial Services, Selected Issues World Bank ACCOUNTING ADB AGRICULTURAL FINANCE AGRICULTURAL PRODUCE AGRICULTURAL SECTOR AGRICULTURAL SERVICES AGRICULTURAL SUPPORT AGRICULTURE ASSETS AUTOMATED TELLER MACHINES BALANCE OF PAYMENTS BANK BRANCHES BANK DEPOSITS BANKING LEGISLATION BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BETTER ACCESS TO INFORMATION BORROWING CAPITALIZATION CENTRAL BANK CENTRAL BANK OF SRI LANKA CLEARING HOUSE CO-OPERATIVE COMMERCIAL BANK COMMERCIAL BANKS COMPANY COMPREHENSIVE STRATEGY CONFLICT CONSUMERS CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS COOPERATIVES CORPORATION CREDIT RISK CROWDING OUT DEBT DEPOSITS DUE DILIGENCE ECONOMIC GROWTH ECONOMIC RISKS ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER ELECTRONIC FUNDS TRANSFER SYSTEMS EMPLOYMENT EXCLUSIVE RIGHTS FACTORING FARMERS FINANCIAL DEEPENING FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RECORDS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCING SOURCES FISCAL DEFICITS FOREIGN BANKS FOREIGN ENTRY GDP GROSS DOMESTIC PRODUCT GROWTH POTENTIAL HOUSING INCOME INSURANCE INSURANCE INDUSTRY INTEREST RATES INVESTMENT COMPANIES KOREA LEGAL FRAMEWORK LEGISLATIVE FRAMEWORK LENDING PATTERNS LIMITED LIQUIDITY LTD. MACROECONOMIC STABILITY MANAGEMENT INFORMATION SYSTEMS MANDATES MERCHANT BANK MERCHANT BANKS MICROFINANCE NET SAVINGS NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOANS PAYMENT SYSTEMS PENSIONS POOR POOR HOUSEHOLDS PORTFOLIOS POVERTY ALLEVIATION POVERTY INCIDENCE POVERTY REDUCTION PRIVATE BANKS PRIVATE COMMERCIAL BANKS PRIVATE PARTNERSHIPS PRODUCT MARKETS PRODUCTIVITY PROFITABILITY PROPRIETARY PUBLIC FINANCIAL INSTITUTIONS PUBLIC POLICY PUBLIC SERVICES REAL INTEREST RATE REGIONAL DEVELOPMENT BANKS REGULATORY FRAMEWORK RESOURCE ALLOCATION RESOURCE MOBILIZATION RETIREMENT RISK MANAGEMENT RURAL RURAL AREAS RURAL BANKS RURAL CREDIT RURAL ENTERPRISES RURAL FINANCE RURAL FINANCIAL SERVICES RURAL HOUSEHOLDS RURAL INFRASTRUCTURE RURAL SECTOR SAVINGS SAVINGS ACCOUNTS SECURITIES SECURITIZATION SMALL BUSINESS SMALL BUSINESSES SOCIETIES SPECIALIZED BANKS STAKEHOLDERS STATE BANK STATE BANKS STATE ENTERPRISES SUBSIDIARY TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TRANSACTION COSTS TRANSACTIONS COSTS TRANSPORT TRUSTS VALUE ADDED VENTURE CAPITAL Sri Lanka has made significant achievements in the provision of financial services in some areas, but there are still critical market segments that remain underserved, especially for small and rural enterprises. Low-income households could also benefit from access to a more diverse set of financial products, such as enhanced remittances and payment services, longer-term savings instruments, insurance products, and improved access to housing finance. The complexity and diversity of the needs suggest that various approaches have to be examined and that a broad range of institutions can be engaged in the delivery of financial services. This report analyzes opportunities for expanding services to key underserved markets. Chapter 2 looks at the expansion of financing opportunities for small businesses. Chapter 3 complements the analysis of Chapter 2 by examining how to improve finance for agriculture through supply chains. Chapter 4 focuses on delivery channels for rural remittances. Remittances to Sri Lanka have been growing rapidly, and the risks posed by informal networks need to be minimized. Moreover, linking migrants to formal financial institutions will yield additional benefits by exposing them to a broad range of financial services (such as savings, credit, and insurance) that can help them manage their economic risks better. Chapter 5 explores the potential role of the postal network in broadening access to financial services in rural areas. Chapter 6 summarizes the main findings of the report. 2012-06-22T17:53:49Z 2012-06-22T17:53:49Z 2005-01 http://documents.worldbank.org/curated/en/2005/01/6966868/sri-lanka-improving-access-financial-services-selected-issues http://hdl.handle.net/10986/8812 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work South Asia Asia South Asia Sri Lanka |