Microfinance
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Regulating Microinsurance in Sri Lanka: Striking a Balance

Although microinsurance is considered a tool for addressing gaps in insurance coverage and a means of improving social safety nets in the country, the absence of a clear focus on microinsurance within insurance legislation continues to be an impediment. In this context, this article examines whether regulating microinsurance is a necessity or whether it could discourage the industry’s progress.

MicrofinanceAct

Regulating Financial Services for the Poor in Sri Lanka: A Closer Look at the Long-Awaited Microfinance Act

This article reviews the Microfinance Act of Sri Lanka that came into effect in July 2016 and discusses its benefits and concerns.