Sri Lankans throw out old guard in election upset: What nation’s new Marxist-leaning leader means for economy, IMF loans

Thu, 17 Oct 2024 04:55:45 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/sri-lankans-throw-out-old-guard-in-election-upset-what-nations-new-marxist-leaning-leader-means-for-economy-imf-loans-239649>

"Sri Lankans voted for a new direction in leadership on Sept. 22, 2024,
electing a leftist anti-poverty campaigner as president of the South Asian
nation.

The ascent of Anura Kumara Dissanayake marks a break with the past and from the
establishment parties and politicians blamed for taking the country to the
brink of economic collapse in 2022.

Dissanayake characterized the victory as a “fresh start” for Sri Lanka – but he
will nonetheless need to address the economic baggage left by his predecessors
and the impact of an International Monetary Fund loan that came with painful
austerity demands. The Conversation turned to Vidhura S. Tennekoon, an expert
on Sri Lanka’s economy at Indiana University, to explain the task facing the
new president – and how Dissanayake intends to tackle it."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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