The Hon. (Dr.) Anil Jayantha
Dr. Anil Jayantha stated that microfinance covers a broad and varied range of activities, including by banks, non-bank financial institutions, and other entities whose classification may be unclear. He said the Central Bank and Ministry of Finance are working to introduce proper financial discipline and better management of lending and borrowing, with steps already underway to bring the sector into a more structured system.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Member, microfinance is a broad subject. Simply put, it spans a wide range. Under the label of microfinance, various entities operate in different ways, sometimes in forms where it is difficult to determine whether they truly constitute microfinance. Banks and non-bank financial institutions are involved, and there are also affected parties. Therefore, the Central Bank and the Ministry of Finance are intervening to ensure proper financial discipline and the management and administration of lending and borrowing. We have already commenced work and expect to bring this into a more structured system in the future.
¶ 02 It being 5.30 p.m., the Hon. Presiding Member adjourned Parliament without Question put.
¶ 03 Parliament adjourned accordingly until 9.30 a.m. on Thursday, 24th July, 2025.
Provenance
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- Hansard, Wednesday, 23 July 2025 ·No. 1754386160089643 ·English daily/uncorrected Hansard
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Cite as: The Hon. (Dr.) Anil Jayantha. 10th Parliament, Parliament of Sri Lanka. Hansard, 23 July 2025. No. 1754386160089643. Politick, https://staging.politick.io/lk/speeches/4276