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Wed07182018

Last updateTue, 17 Jul 2018 9am

Business News

The Asian development Bank has expedited its development programmes in Sri Lanka.

Asia and the Pacific has made important progress in expanding and deepening its financial systems, but must make further progress to improve financial inclusion using new financial technology , according to participants at a high-level Asian Development Bank (ADB) seminar during its 51st Annual Meeting in Manila, Philippines. This seminar was co-hosted by ADB, the International Monetary Fund , and Bangko Sentral ng Pilipinas.

“Governments in the region can improve financial inclusion by broadening access to basic digital infrastructure and providing an enabling environment for innovators and entrepreneurs,” ADB President Mr. Takehiko Nakao said. “Policymakers should also consider ways to improve regulations, including protecting consumers against cybercrimes and fraud, while striking the right balance between innovation and financial stability.”

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