SRI LANKA, Feb. 17 -- Low financial literacy levels and poor financial education are the root cause of financial problems, despite increased financial access in Sri Lanka, Group Director of Candor, Director of Seylan Bank, HNB Assurance, Founding CEO of Fitch Ratings Lanka, and Amba Research, Ravi Abeysuriya said.
Sri Lankans only think of the short term and this reflects on how they spend money. Financial literacy is the common knowledge needed by everyone who transacts with money, he said, highlighting the usefulness of improving financial literacy programs.
Excerpts:
Q. You authored the book, 'Financial Literacy to Achieve Your Financial Wellbeing'. What made you write this book and how did you find the time?
A. I was invited to be a...