POST TIME: 3 November, 2019 00:00 00 AM
Sri Lanka economy slowly recovering from Easter attacks
AFP, Colombo

Sri Lanka economy slowly recovering from Easter attacks

Sri Lanka’s economy was slowly recovering from the impact of the Easter Sunday suicide bombings that killed hundreds and crippled the booming tourism sector, the International Monetary Fund said yesterday.

Growth was likely to hit 3.5 per cent next year from this year’s forecast of 2.7 per cent, the Washington-based lender said, compared to 3.2 per cent in 2018.

The country estimates it will lose about $1.5 billion in tourism revenue this year as a result of a sharp dip in arrivals following the jihadist attacks on churches and hotels, which killed at least 269 people.

“The authorities are taking actions to mitigate the revenue shortfalls caused by the terrorist attacks and preserve the hard-won gains made under the program,” said IMF deputy managing director Mitsuhiro Furusawa in a statement.