CSE partners with Wayamba and Jaffna Universities to improve financial literacy among undergraduates

CSE partners with Wayamba and Jaffna Universities to improve financial literacy among undergraduates

Tue, Nov 22, 2022, 10:19 am SL Time, ColomboPage News Desk, Sri Lanka.

The Colombo Stock Exchange (CSE) recently signed Memoranda of Understanding
(MoUs) with the Wayamba University of Sri Lanka (WUSL) and the University of Jaffna
Sri Lanka (UOJ) to formalize collaborative efforts to improve financial literacy among

The MoUs were signed respectively with the Vice Chancellor of Wayamba University,
Senior Prof. Udith K. Jayasinghe, and the Vice Chancellor of Jaffna University, Prof. S.
Srisatkunarajah, at their respective University premises.

Both collaborations are to
promote capital market education among undergraduates by working together on
several mutually beneficial strategic initiatives.

Accordingly, the initiative would offer
practical educational training and internship opportunities for students of both
universities who are engaged in accountancy and finance, business management, and
economics related degree programs with the CSE.

Further, under the terms of the MoU, the CSE will grant an award to the student from
WUSL and UOJ who obtains the highest value in the Grade Point Average (“GPA”) in
the Financial Management Specialization Programme.

WUSL and UOJ will also collaborate with the ongoing educational initiatives of the CSE,
the Advanced Diploma in Financial Markets (ADFM), as well as future educational
activities, by providing the required expertise and resource persons to the seminars
and workshops organized by the CSE for investors around the country in promoting
the capital market investments.

Commenting on the partnership, the CEO of the CSE, Rajeeva Bandaranaike, said it is important to promote financial literacy among undergraduates, who are a key segment of the population equipped to contribute to an economically stable future.

“We are happy to partner with the Wayamba University and the University of Jaffna in
progressive initiatives to promote a financially literate undergraduate population.”

The Vice Chancellor, Wayamba University, Senior Prof. Udith K. Jayasinghe, also
sharing his views on the partnership, said, “The MoU signed between the Wayamba
University of Sri Lanka and the Colombo Stock Exchange can be identified as a strategic
alliance, that promotes collaborative research projects, capacity development of
undergraduates, and promotes stock market education within the University

“Our graduates who are going out from the University must know what the stock
market is. Though people talk about the stock market, they don’t have a clear idea on
its operations. So proper awareness on the stock market should be created among our
youth, no matter which field they are from. So, this strategic alliance would also
provide an opportunity to our undergraduates to have a sound knowledge on the
capital markets.”

The Vice Chancellor, University of Jaffna, Prof. S. Srisatkunarajah, also sharing his
views on the partnership, said, “The partnership offers a plethora of opportunities to
undergraduates to acquire knowledge on financial studies and capital market
operations, which will definitely cause a positive impact on the Sri Lankan economy
during these crisis times.”

“Though Sri Lanka has a high literacy rate, financial literacy in the country stands at a
lower rate which should be a prime concern of the local Government. Thus, I am
confident that this strategic alliance would provide benefits to both parties in a way;
encouraging the younger generation of the country to be a financial literate and to the
CSE to obtain resource personnel from UOJ for their educational initiatives.”

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