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Harin expects IMF’s EFF-equivalent earnings from Chinese tourists

Harin expects IMF’s EFF-equivalent earnings from Chinese tourists

28 Feb 2023 | By Imsha Iqbal

  • SL expects half a million tourists from China in April
  • Harin expects each tourist to spend $ 5,000

Tourism and Lands Minister Harin Fernando anticipates that following the opening of China's borders, the number of Chinese tourists who arrive in the country would generate revenue equivalent to the sum of the expected Extended Fund Facility (EFF) that is to be granted by the International Monetary Fund (IMF). 

“When China opens its borders in the month of April, if  500,000 tourists arrive in Sri Lanka at a $ 5, 000 revenue generated per tourist, the sum would be equivalent to the amount that is to be granted by the IMF,” said Minister Fernando yesterday (27) during a press conference held in Badulla.  

He added that when he undertook the Tourism Ministry, global restrictions to Sri Lanka were declared, which subsequently resulted in the halting of aviation operations to the country and “Sri Lanka was cornered”. 

“However, within a few months’ time, we were able to revive the industry. On 1 January about 100,000 tourists arrived in the country. In February, tourist arrivals exceeded 100,000.” 

The Subject Minister further noted that a programme targeting tourists is underway, spanning till December this year, which would support the country in improving foreign exchange inflows to overcome the economic crisis.   

“I believe that by December, we will be able to experience the highest number of arrivals recorded.”

The Minister also noted that the frequency of the flights that arrive on the island has increased. Emirates used to fly once per day, whereas it has now increased to four flights per day. At the same time, Qatar Airways, which had decreased its frequency to one flight per day, has now increased it to four flights per day, while three Russian flights arrive in the country per day. Meanwhile, over 100 flights from India land in the country per week. 

The Government of China closed its borders when it implemented its strict Zero-Covid policy, which hindered travel between countries.  

China has been the top tourist-generating market for Sri Lanka prior to its travel restrictions that was imposed to curb Covid-19.   



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