Housing Finance in Sri Lanka : Opportunities and Challenges

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collection.link.79
https://openknowledge.worldbank.org/handle/10986/2187
collection.name.79
City Development Strategy
dc.contributor.author
World Bank
dc.date.accessioned
2012-06-14T21:08:53Z
dc.date.available
2012-06-14T21:08:53Z
dc.date.issued
2007-11
dc.date.lastModified
2017-12-13T13:41:59Z
dc.description.abstract
Sri Lanka has embarked on a gradual transition from a system of directed credit in a highly segmented market toward an integrated market-driven housing finance system. This transition has included an increased role of private universal banks in the immediate term and a functioning secondary mortgage market in the long term. An active system of housing finance provides real economic benefits and positively affects savings, investment, and household wealth. It provides an investment option for long-term funds in the economy as an alternative to investment in treasury bonds. In turn, each dollar invested in the housing sector catalyzes economic activity in other sectors, exerting an indirect positive impact on employment levels, the retirement system, fiscal returns, and consumption. Housing finance enables households to accumulate assets that can provide the collateral for their investment needs, thus stimulating small business. Housing finance development boosts equitable economic growth and reduces poverty by improving living conditions, empowering the middle and lower-income population, and strengthening communities. Housing policy focuses on improving government land use and maximizing the use of the existing housing stock by providing basic public services and upgrades.
en
dc.identifier
http://documents.worldbank.org/curated/en/2007/11/16238776/housing-finance-sri-lanka-opportunities-challenges
dc.identifier.uri
http://hdl.handle.net/10986/8106
dc.language
English
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO FINANCE
dc.subject
ACCESSIBILITY
dc.subject
ACCOUNT HOLDERS
dc.subject
ADVISORY SERVICES
dc.subject
AFFORDABILITY
dc.subject
AFFORDABLE HOUSING
dc.subject
AFFORDABLE HOUSING FINANCE
dc.subject
ALTERNATIVE INVESTMENT
dc.subject
ALTERNATIVE INVESTMENTS
dc.subject
AVAILABILITY OF CREDIT
dc.subject
BACKED SECURITIES
dc.subject
BALANCE SHEETS
dc.subject
BANK ASSETS
dc.subject
BANK BRANCHES
dc.subject
BANK DEPOSITS
dc.subject
BANK LENDING
dc.subject
BANK LOANS
dc.subject
BANKING RELATIONSHIP
dc.subject
BANKING SERVICES
dc.subject
BANKING SYSTEM
dc.subject
BARRIERS TO ENTRY
dc.subject
BOND MARKET
dc.subject
BORROWER
dc.subject
BORROWING
dc.subject
BORROWINGS
dc.subject
BUSINESS VOLUME
dc.subject
CAPACITY BUILDING
dc.subject
CAPITAL ACCOUNT
dc.subject
CAPITAL MARKET
dc.subject
CAPITAL MARKETS
dc.subject
COLLATERAL
dc.subject
COMMERCIAL BANK
dc.subject
COMMERCIAL BANKING
dc.subject
COMMERCIAL BANKS
dc.subject
COMMERCIAL LENDING
dc.subject
COMMUNITY DEVELOPMENT
dc.subject
CONSUMER FINANCE
dc.subject
CONSUMER PROTECTION
dc.subject
CONTRACTUAL SAVINGS
dc.subject
COOPERATIVES
dc.subject
CORE DEPOSITS
dc.subject
CREDIT BUREAUS
dc.subject
CREDIT INFORMATION
dc.subject
CREDIT INFORMATION BUREAU
dc.subject
CREDIT PROVIDER
dc.subject
CREDIT RISK
dc.subject
CREDIT SCORING
dc.subject
CREDIT-SCORING
dc.subject
CUSTOMER BASE
dc.subject
DEBT
dc.subject
DEBT FINANCING
dc.subject
DEBT INSTRUMENTS
dc.subject
DEMAND FOR CREDIT
dc.subject
DEPOSIT
dc.subject
DEPOSITS
dc.subject
DEVELOPMENT BANK
dc.subject
DEVELOPMENT BANKS
dc.subject
DEVELOPMENT FINANCE
dc.subject
DIRECTED CREDIT
dc.subject
DONOR FUNDS
dc.subject
EARNINGS
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC RESOURCES
dc.subject
ELECTRONIC TRANSFER
dc.subject
EMPLOYEE
dc.subject
EMPLOYER
dc.subject
EMPLOYER CONTRIBUTIONS
dc.subject
EQUITY INVESTMENTS
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
FAMILIES
dc.subject
FINANCE COMPANIES
dc.subject
FINANCIAL ASSETS
dc.subject
FINANCIAL DEPTH
dc.subject
FINANCIAL GLOBALIZATION
dc.subject
FINANCIAL INFRASTRUCTURE
dc.subject
FINANCIAL INSTITUTION
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL INSTRUMENTS
dc.subject
FINANCIAL INTERMEDIARIES
dc.subject
FINANCIAL LIBERALIZATION
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL SECTOR ASSESSMENT
dc.subject
FINANCIAL SECTOR POLICIES
dc.subject
FINANCIAL SERVICES
dc.subject
FINANCIAL SYSTEM
dc.subject
FISCAL DEFICITS
dc.subject
FISCAL DISCIPLINE
dc.subject
FISCAL POLICIES
dc.subject
FISCAL RESOURCES
dc.subject
FIXED RATE
dc.subject
FIXED RATES
dc.subject
FLOW OF FUNDS
dc.subject
FORECLOSURE
dc.subject
FOREIGN CURRENCY
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN INVESTMENT
dc.subject
FORMAL FINANCIAL INTERMEDIARIES
dc.subject
FORMAL FINANCIAL SECTOR
dc.subject
FUNDING SOURCES
dc.subject
GOVERNMENT FUNDING
dc.subject
GOVERNMENT INTERVENTIONS
dc.subject
GOVERNMENT SECURITIES
dc.subject
HIGH INTEREST RATES
dc.subject
HOME LOAN
dc.subject
HOME LOANS
dc.subject
HOME MORTGAGE
dc.subject
HOME MORTGAGE CREDIT
dc.subject
HOME MORTGAGE LENDING
dc.subject
HOME MORTGAGE MARKET
dc.subject
HOME MORTGAGE MARKETS
dc.subject
HOME MORTGAGES
dc.subject
HOMEOWNER
dc.subject
HOMEOWNERSHIP
dc.subject
HOUSEHOLD ACCESS
dc.subject
HOUSEHOLD DEPOSITS
dc.subject
HOUSEHOLDS
dc.subject
HOUSING FINANCE
dc.subject
HOUSING LOAN
dc.subject
HOUSING LOANS
dc.subject
HUMAN CAPITAL
dc.subject
INCOME GROUP
dc.subject
INCOME GROUPS
dc.subject
INFORMATION TECHNOLOGY
dc.subject
INSTITUTIONAL CAPACITY
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE RISK
dc.subject
INTEREST RATE RISKS
dc.subject
INTEREST RATES
dc.subject
INVESTABLE FUNDS
dc.subject
INVESTMENT BANK
dc.subject
INVESTMENT RISK
dc.subject
LABOR MOBILITY
dc.subject
LACK OF PROPERTY
dc.subject
LAND REGISTRATION
dc.subject
LENDER
dc.subject
LENDERS
dc.subject
LENDING POLICIES
dc.subject
LENDING TECHNIQUES
dc.subject
LIQUIDITY RISK
dc.subject
LOAN
dc.subject
LOAN FUNDS
dc.subject
LOAN TERMS
dc.subject
LONG-TERM FUNDING
dc.subject
MACROECONOMIC POLICY
dc.subject
MACROECONOMIC RISKS
dc.subject
MARKET DEVELOPMENT
dc.subject
MARKET ECONOMIES
dc.subject
MICRO FINANCE
dc.subject
MICRO FINANCE INSTITUTIONS
dc.subject
MICROFINANCE
dc.subject
MICROFINANCE INSTITUTIONS
dc.subject
MICROFINANCE LENDING
dc.subject
MONETARY POLICY
dc.subject
MORTGAGE
dc.subject
MORTGAGE CREDIT
dc.subject
MORTGAGE FINANCING
dc.subject
MORTGAGE LENDERS
dc.subject
MORTGAGE LENDING
dc.subject
MORTGAGE LOAN
dc.subject
MORTGAGE LOANS
dc.subject
MORTGAGE MARKET
dc.subject
MORTGAGE PRODUCTS
dc.subject
MORTGAGE RATE
dc.subject
MORTGAGE RATES
dc.subject
MORTGAGES
dc.subject
MULTINATIONALS
dc.subject
NATIONAL BANK
dc.subject
NEW MARKET
dc.subject
OPERATING COSTS
dc.subject
OUTREACH
dc.subject
POINT-OF-SALE
dc.subject
POLICY ENVIRONMENT
dc.subject
POOR ACCESS
dc.subject
PRICE MOVEMENTS
dc.subject
PRIVATE CREDIT
dc.subject
PRIVATE INVESTMENT
dc.subject
PRIVATE LENDERS
dc.subject
PRIVATE SAVINGS
dc.subject
PRIVATIZATION
dc.subject
PROFITABILITY
dc.subject
PROPERTY RIGHTS
dc.subject
PUBLIC INVESTMENT
dc.subject
REAL ESTATE
dc.subject
REFUGEES
dc.subject
REGISTRATION SYSTEM
dc.subject
REGULATORY FRAMEWORK
dc.subject
REPAYMENT
dc.subject
REPAYMENTS
dc.subject
RETAIL BANK
dc.subject
RETURN
dc.subject
RISK MANAGEMENT
dc.subject
SAVINGS
dc.subject
SAVINGS ACCOUNTS
dc.subject
SAVINGS BANK
dc.subject
SAVINGS RATE
dc.subject
SAVINGS RATES
dc.subject
SECOND MORTGAGES
dc.subject
SECONDARY MORTGAGE MARKET
dc.subject
SECONDARY MORTGAGE MARKETS
dc.subject
SMALL BUSINESS
dc.subject
SMALL BUSINESS LOANS
dc.subject
SMALL BUSINESSES
dc.subject
SMALL ENTERPRISES
dc.subject
SOURCE OF FUNDS
dc.subject
SOURCES OF FUNDS
dc.subject
STOCK MARKET
dc.subject
TECHNICAL ASSISTANCE
dc.subject
TITLE REGISTRATION
dc.subject
TREASURY BILLS
dc.subject
TURNOVER
dc.subject
UNIONS
dc.subject
UNIVERSAL BANKS
dc.subject
URBAN AREAS
dc.subject
URBAN DEVELOPMENT
dc.subject
VALUATION
dc.subject
VALUATION STANDARDS
dc.subject
VULNERABLE GROUPS
dc.title
Housing Finance in Sri Lanka : Opportunities and Challenges
en
okr.date.disclosure
2012-04-23
okr.doctype
Economic & Sector Work :: City Development Strategy (CDS)
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2007/11/16238776/housing-finance-sri-lanka-opportunities-challenges
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000356161_20120424011434
okr.identifier.internaldocumentum
16238776
okr.identifier.report
68243
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/04/24/000356161_20120424011434/Rendered/PDF/682430ESW0WHIT0anka0Housing0Finance.pdf
en
okr.region.administrative
South Asia
okr.region.country
Sri Lanka
okr.sector
Finance :: General finance sector
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Banks and Banking Reform
okr.topic
Finance and Financial Sector Development :: Housing Finance
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.unit
Finance & PSD Department (SASFP)
okr.volume
1 of 1

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