Establishment & Objectives
RDD was established in 2002 under restructuring programme of the central bank by amalgamating the Development Finance Department and Rural Credit Department with the objective of providing assistance to reduce regional disparity of the country. RDD facilitates to promote financial inclusion and to achieve balanced growth in the country by engaging regional development activities by increasing access to finance and enhancing financial literacy throughout the country. Six regional offices established in Matara, Anuradhapura, Matale, Trincomalee, Kilinochchi and Nuwara Eliya are conducting central bank functions in regions mainly promoting development activities. In 2020, powers to monitor and coordinate the activities of regional offices was granted to RDD with a view of strengthening regional office activities in line with the financial inclusion objectives of the central bank.
