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
WASHINGTON (Reuters) – 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.
At least 321 people were killed and about 500 wounded in Sunday’s attacks on churches and hotels.
“Initial financial market pressures seem to have been contained in the aftermath of the attacks,” IMF Sri Lanka mission chief Manuela Goretti said in a statement issued in Washington. “Decisive policy and security measures by the authorities will be important, in particular for tourism, which accounts for 5 percent of GDP, to build on the strong performance of recent years.
