At the launch of the Financial Literacy Roadmap 2024-2028 in Colombo on Tuesday, it transpired that there was a significant gap between satisfactory financial knowledge and lacking financial behaviour among Sri Lankans.

To address this, the Central Bank has taken a collaborative effort, resulting in the development of a comprehensive five-year Financial Literacy Roadmap involving over 40 stakeholders.

Central Bank Governor Nandalal Weerasinghe told the gathering that empowering the consumers was imperative to safeguard them from the frauds and scams rising with technology.

In the long run, the burden of the state funded social safety programmes on the government will be eased by promoting financial literacy as the financially literate people could overcome poverty through viable financial decisions.