Sri Lanka may need more IMF help as blasts threaten tourism


  • World
  • Wednesday, 24 Apr 2019

Security personnel stand guard outside St. Anthony Shrine, two days after a string of suicide bomb attacks on churches and luxury hotels across the island on Easter Sunday, in Colombo, Sri Lanka April 23, 2019. REUTERS/Dinuka Liyanawatte

HONG KONG/SINGAPORE (Reuters) - Sri Lanka faces a likely collapse in tourism following Easter Sunday bomb attacks on churches and hotels, which would deal a severe blow to the island's economy and financial markets, and potentially force it to seek further IMF assistance.

The International Monetary Fund extended last month a $1.5 billion loan for an extra year into 2020, a key step in keeping foreign investors involved in what so far this year has been a top-performing frontier debt market.

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