Tourism moratoriums extended to 31 Dec. - News Summed Up

Tourism moratoriums extended to 31 Dec.


Decision follows discussions with Central Bank, CabraalBY Cassendra DooleThe debt moratorium on capital and interest for the tourism industry will extend to 31 December 2021, The Morning Business learns. The debt moratorium was extended by six months from 30 September 2020 until 31 March 2021 when the pandemic was taking hold of Sri Lanka. The Minister of Tourism Prasanna Ranatunga previously told The Morning Business that the tourism sector is just beginning to rise up once again and due to the time, it will take to get back to normal, facilitating their needs is necessary. Sri Lanka’s tourism sector is among the top three foreign exchange-earning sources of the country. According to a statement made by the Sri Lanka Tourism Development Authority (SLTDA), from March 2020 to June 2021, over $ 950 million in investments were received by the Government of Sri Lanka in order to revitalise the tourism sector of the country.


Source: The Nation August 15, 2021 18:56 UTC



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