Strong economic fundamentals will support resilience to withstand the economic impact of bomb attacks – Finance Minister | Security Risks Asia Made with Humane Club

Strong economic fundamentals will support resilience to withstand the economic impact of bomb attacks – Finance Minister

Published Apr 26, 2019
Updated Apr 20, 2020

Sri Lanka’s Finance Minister said Strong economic fundamentals will support resilience to withstand the economic impact of the devastating bomb attacks on the country’s churches and hotels on Easter Sunday that killed 359 people and injured scores.

Speaking in parliament during the debate on emergency regulations, the Minister said Sri Lanka has laid a foundation to withstand the impact of such incidents but there will be impact on the tourism sector even though it is now off-season.

The Minister however expressed confidence that the sector will bounce back.

“We have taken significant measures to support tourism through policy interventions in the budget, and also outside of the budget such as the visa waiver. We will discuss with the industry to identify further measures to support them through this challenging period,” he said.

Minister Samaraweera expecting “some stresses” in FDI and portfolio investment in the short term urged the investors to focus on the macroeconomic fundamentals which are very sound. “Sri Lanka’s investment proposition remains very compelling,” he said.

Stressing that this is not a time to “finger point” but to “introspect”, Minister Samaraweera said the government must investigate how and why there was a failure to act on intelligence reports.

“We must investigate why human beings were placed in harm?s way without making even a single attempt to prevent the attacks from being carried out,” he said.

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