Annual Reports 2023

Sri Lanka's Central Bank Embraces Digital Transformation, Discontinues Annual Report in Favor of Online Platform

A Technology-Centric Approach with a Human Touch

The Central Bank of Sri Lanka (CBSL) is pioneering a transformative digital journey, embracing technology while maintaining a focus on human connection. As part of this initiative, the Bank has discontinued its traditional Annual Report, opting instead for a comprehensive online platform that offers enhanced accessibility and transparency.

Key Highlights

* The CBSL has discontinued its Annual Report effective from 2023. * The Bank's commitment to digitization extends to all aspects of the customer experience. * The online platform provides real-time access to financial data, quantitative and qualitative information, and impact summaries.

Embracing Digital Transformation

In line with the Bank's vision of "Empowering the Nation through Financial Inclusion," the digital transformation initiative aims to make financial information more readily available to the public, stakeholders, and policymakers. This shift to an online platform aligns with the evolving trend toward digital communication and information sharing.

Benefits of the Online Platform

The CBSL's online platform offers several advantages over the traditional Annual Report: * Real-Time Data: The platform provides up-to-date financial and economic data, ensuring users have the most recent information at their fingertips. * Comprehensive Information: In addition to financial data, the platform includes qualitative information, impact summaries, and other relevant reports. * Enhanced Accessibility: The online platform is accessible anytime, anywhere with an internet connection, removing geographical barriers and facilitating easy access for diverse audiences. * Improved Transparency: The digital format promotes greater transparency and accountability, as information is readily available for public scrutiny. * Environmental Sustainability: The discontinuation of the physical Annual Report reduces paper waste and contributes to environmental conservation.

Commitment to Stakeholder Engagement

Despite the transition to an online platform, the CBSL remains committed to stakeholder engagement and public outreach. The Bank recognizes the importance of maintaining open channels of communication and fostering a collaborative relationship with its stakeholders.

Conclusion

The Central Bank of Sri Lanka's digital transformation marks a significant step forward in its commitment to innovation and customer-centricity. The online platform provides enhanced accessibility, transparency, and real-time information, benefiting a wide range of users. The Bank's ongoing efforts to embrace technology, while balancing it with a human touch, will undoubtedly shape the future of financial reporting and stakeholder engagement in Sri Lanka.