The Marxist lawmaker who won Sri Lanka’s presidency faces a key challenge in how to balance ties with his country’s two most crucial partners, India and China, as he seeks to draw foreign investment and pull the economy out of the doldrums.
Mayor Deegan’s $1.9B budget passes but not without opposition from Councilman DiamondPatronis announces funding, new equipment to fight cancer among firefightersGet ready to travel this fall with these Insider DealsHere’s a sharp idea—prepare for holiday cooking season by upgrading your knivesFILE -Marxist lawmaker Anura Kumara Dissanayake waves as he leaves from the election commission office after winning Sri Lankan presidential election, in Colombo, Sri Lanka, Sept. 22, 2024.
The victory was by the National People's Power coalition led by Dissanayake's People's Liberation Front — also known as Janatha Vimukthi Peramuna, or JVP — which considers itself Marxist, though it now expresses support for a free market economy.
For New Delhi, Dissanayake and his JVP party could throw up fresh challenges. The party has previously criticized what it called “Indian expansionism” in the region, and Dissanayake has rejected devolving more power to Sri Lanka’s north and east, where most of the country’s Tamil minority lives - an issue close to India, given the community’s cultural links to the country’s Tamil Nadu state.
But Chinese grants and lines of credit into South Asia overall have slowed down in the past four years, said Constantino Xavier, senior fellow at the Centre for Social and Economic Progress. This has made countries in the region “realize that they have to reset their relations with India,” he added. As a neighboring country, “we need to be concerned over India’s stability, national interests and national security when taking decisions,” Dissanayake told The
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