The International Monetary Fund (IMF) has said, the Sri Lankan economy is gradually recovering from the impact of the Easter Sunday attacks. The IMF Executive Board completing the Sixth Review of Extended Fund Facility (EFF) said, the growth is projected to strengthen to 3.5 percent in 2020, from 2.7 percent in 2019, as tourist arrivals and related activities gradually recover. It said, 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.&nbsp;<br />''<br />''IMF added that sustained efforts to mobilize revenues will be needed in 2020 to place public debt on a downward path, while preserving space for critical social and investment spending. Sri Lanka's extended arrangement was approved in 2016 for about 1.5 billion US dollars on concessional terms.<br />''<br />''<br />''<br />
News On AIR | November 2, 2019 4:26 PM
Sri Lankan economy gradually recovering from the impact of Easter Sunday attacks: IMF