CSE-Raja Rata University link to improve undergrad financial literacy

“The present-day challenges can only be solved through strategic alliances.” – VC RUSL.

“It is crucial to promote financial literacy among Sri Lankans, especially among undergraduates, who are a key segment of the population equipped to contribute to an economically stable future.” – CSE CEO

The Colombo Stock Exchange (CSE) and the University of Rajarata, Sri Lanka (RUSL) last week jointly announced the signing of a Memorandum of Understanding (MoU) to formalize their collaborative efforts. The MoU calls for cooperation in improving the financial literacy among undergraduates of the state universities in Sri Lanka.

A CSE news release explained the collaboration wishes to promote capital market education among undergraduates by working together on a number of mutually beneficial strategic initiatives. Accordingly, the initiative would offer practical educational training and internship opportunities with the CSE for students who are engaged in accountancy and finance, business management, and economics related degree programmes.

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

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

Commenting on the partnership, the CEO of the CSE, Rajeeva Bandaranaike, stated, ” It is crucial to promote financial literacy among Sri Lankans, especially among undergraduates, who are a key segment of the population equipped to contribute to an economically stable future. Fronted on this objective, we are glad to partner with RUSL in a productive line of initiatives to promote a financially literate undergraduate population for the sustainable growth of the economy in Sri Lanka.”

The Vice Chancellor of the University of Rajarata, sharing her views on the partnership, said, “The present-day challenges can only be solved through strategic alliances. The MoU signed between the Rajarata 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 community”.

“Entrepreneurs can also be created by broadening their horizons and we are confident that CSE will provide many learning and training opportunities for Rajarata University undergraduates.”