WASHINGTON - The International Monetary Fund said on Tuesday that initial financial market pressures on Sri Lanka appear contained following “horrific” Easter Sunday bomb attacks but decisive policy and security actions are needed to shore up the island’s all-important tourism sector.
Sri Lanka’s $4.4 billion tourism sector is the country’s third largest and fastest-growing source of foreign currency, after remittances and garment exports. The extra year would provide Sri Lankan authorities additional time to “anchor macroeconomic stability and complete their reform agenda,” Goretti said, adding that the IMF was “deeply saddened by the horrific attacks in Sri Lanka” and “joins the international community in condemning these atrocious acts of terrorism.”
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Sri Lanka may need more IMF help as blasts threaten tourismSri Lanka faces a likely collapse in tourism following Easter Sunday bomb attack... The Sri Lankan government was sitting on the tips it had for 10 days. Why should the rest of the world pick up the tab? They’ve worked so hard to build a tourism industry since the end of the civil war and owe China so much money. This is such a tragedy. God bless. I’m so sad for all the loss. So many grieving families. ashoswai
Source: Reuters - 🏆 2. / 97 Read more »
Sri Lanka may need more IMF help as blasts threaten tourismSri Lanka faces a likely collapse in tourism following Easter Sunday bomb attack... The Sri Lankan government was sitting on the tips it had for 10 days. Why should the rest of the world pick up the tab? They’ve worked so hard to build a tourism industry since the end of the civil war and owe China so much money. This is such a tragedy. God bless. I’m so sad for all the loss. So many grieving families. ashoswai
Source: Reuters - 🏆 2. / 97 Read more »
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