Sri Lanka’s New President Is More a Pragmatist Than a Marxist

Quick Summary:

Anura Kumara Dissanayake is well aware that his handling of Sri Lanka’s vulnerable economy will determine his political future.

Failure to conclude debt restructuring negotiations would therefore create uncertainties about receiving debt relief and the amount of relief, which in turn becomes a stumbling block for Sri Lanka to make the country’s public debt sustainable.

Therefore, as of now, the biggest challenge for Dissanayake and his team is to ensure the continuation of the IMF program and the conclusion of debt restructuring.

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Article Details

Author / Journalist: Umesh Moramudali

Category: Economy

Markets: United StatesChinaIndiaJapanNorth KoreaMarshall IslandsSri Lanka

Topics: Election Economic Restructuring Program Debt Public Relief Lanka Government Lanka’s Dissanayake

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 02:36:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 5593 words

Reading Time: 32 minutes read

Sentences: 242 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 22983333

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Official Website: thediplomat.com

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