A-PAD Sri Lanka and HSBC launch Financial Literacy for Youth initiative
The Central Bank of Sri Lanka reports that only 57.9% of adults are financially literate – a statistic that underscores the importance of starting financial education early. Empowering youth with money management skills is key to building a more resilient and informed generation.
Recognizing the imperative, A-PAD Sri Lanka, in partnership with HSBC Sri Lanka, successfully launched the “Financial Literacy for Youth” programme with a comprehensive workshop for over 130 students at the National Vocational Training Institute (NVTI) Narahenpita. The inaugural event marked a significant milestone in empowering Sri Lanka’s young generation with essential financial knowledge and skills.
The Vocational Training Authority (VTA) has long served as a vital platform for youth development in Sri Lanka, offering invaluable support and practical skills training to students from diverse backgrounds. For many, it serves not just as a steppingstone but a lifeline toward greater opportunity and economic independence.
The launch was attended by Mark Surgenor, CEO of HSBC Sri Lanka, C.J. Vidaanapathirana, Director – Career Guidance and Promotions of VTA, and Firzan Hashim, Country Director of A-PAD Sri Lanka.
The initiative was well received by VTA officials, who praised the programme as both necessary and deeply impactful. Speaking at the event, Mr. Vidaanapathirana emphasized the significance of the initiative, stating that “programmes like this are invaluable in building a foundation of financial stability for our students.”
Mark Surgenor, CEO of HSBC Sri Lanka said, “Financial literacy is more than just numbers- it’s a powerful tool for empowerment. We are happy to partner with A-PAD in launching a programme that helps to open a world of opportunity, where young people in Sri Lanka can plan smarter, and take control of their future.”
Central to the workshop’s success was its innovative booth-style format, which facilitated interactive learning experiences. Students rotated through 4 specialized stations to explore different topics on financial literacy. HSBC volunteers served as subject matter experts, facilitating comprehensive discussions on financial wellbeing, smart saving and spending habits, and credit management.
A-PAD Sri Lanka brought a unique perspective by linking financial literacy to disaster risk reduction, showing how sound financial habits can strengthen resilience during emergencies. This approach highlighted the role of strategic financial planning in enhancing both individual security and community preparedness.
Building on the success of the Narahenpita launch, the programme is positioned for expansion across multiple VTA centers in Colombo District, including Bellanwila, Padukka, and Ratmalana with goal of reaching nearly 400 young professionals through four comprehensive workshops.
In conclusion, this collaborative initiative between A-PAD Sri Lanka and HSBC Sri Lanka with the support of VTA represents a strategic investment in Sri Lanka’s youth development, equipping participants with the knowledge and confidence necessary to navigate financial challenges and contribute meaningfully to the nation’s economic growth.
