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Sri Lankans elect Marxist-leaning Dissanayake as president to fix economy
About 75% of the 17 million eligible voters cast their ballots, according to the election commission.

Sri Lankans elected Marxist-leaning Anura Kumara Dissanayake as new president on Sunday, putting faith in his pledge to fight corruption and bolster a fragile economic recovery following the South Asian nation’s worst financial crisis in decades, Reuters reported.
Dissanayake, 55, who does not possess political lineage like some of his rivals in the presidential election, led from start to finish during the counting of votes, knocking out incumbent President Ranil Wickremesinghe and opposition leader Sajith Premadasa.
“We believe that we can turn this country around, we can build a stable government… and move forward. For me this is not a position, it is a responsibility,” Dissanayake told reporters after his victory which was confirmed after a second tally of votes.
The election was a referendum on Wickremesinghe, who led the heavily indebted nation’s fragile economic recovery from an economic meltdown but the austerity measures that were key to this recovery angered voters. He finished third with 17% of the votes, read the report.
“Mr. President, here I handover to you with much love, the dear child called Sri Lanka, whom we both love very dearly,” Wickremesinghe, 75, said in a statement conceding defeat.
Dissanayake polled 5.6 million or 42.3% of the votes, a massive boost to the 3% he managed in the last presidential election in 2019. Premadasa was second at 32.8%.
It was the first time in the Indian Ocean island’s history that the presidential race was decided by a second tally of votes after the top two candidates failed to win the mandatory 50% of votes to be declared winner.
Under the electoral system, voters cast three preferential votes for their chosen candidates. If no candidate wins 50% in the first count, a second tally determines the winner between the top two candidates, using the preferential votes cast, Reuters reported.
About 75% of the 17 million eligible voters cast their ballots, according to the election commission.
This was the country’s first election since its economy buckled in 2022 under a severe foreign exchange shortage, leaving it unable to pay for imports of essentials including fuel, medicine and cooking gas. Protests forced then-President Gotabaya Rajapaksa to flee and later resign.
Dissanayake presented himself as the candidate of change for those reeling under austerity measures linked to a $2.9 billion International Monetary Fund bailout, promising to dissolve parliament within 45 days of taking office for a fresh mandate for his policies in general elections.
“The election result clearly shows the uprising that we witnessed in 2022 is not over,” said Pradeep Peiris, a political scientist at the University of Colombo.
“People have voted in line with those aspirations to have different political practices and political institutions. AKD (as Dissanayake is popularly known) reflects these aspirations and people have rallied around him.”
Dissanayake has worried investors with a manifesto pledging to slash taxes, which could impact IMF fiscal targets, and a $25 billion debt rework. But during campaigning, he took a more conciliatory approach, saying all changes would be undertaken in consultation with the IMF and that he was committed to ensuring repayment of debt, read the report.
Buttressed by the IMF deal, Sri Lanka’s economy has managed a tentative recovery. It is expected to grow this year for the first time in three years and inflation has moderated to 0.5% from a crisis peak of 70%.
But the continued high cost of living was a critical issue for many voters as millions remain mired in poverty and many pinned hopes of a better future on the next leader.
Dissanayake ran as a candidate for the National People’s Power alliance, which includes his Marxist-leaning Janatha Vimukthi Peremuna party.
Although JVP has just three seats in parliament, Dissanayake’s promises of tough anti-corruption measures and more policies to support the poor boosted his popularity.
He will have to ensure Sri Lanka sticks with the IMF programme until 2027 to get its economy on a stable growth path, reassure markets, repay debt, attract investors and help a quarter of its people out of poverty.
“Root cause for the downfall of this country is bad management. We have a strong feeling if we have a good manager to rule this country… we can be successful in future,” said Janak Dias, 55, a real estate businessmen.
Regional
Iran’s top diplomat to visit China on Tuesday
In a trip to Moscow last week, Araqchi told state TV that Tehran always closely consults with its friends, Russia and China, over the nuclear issue.

Iran’s Foreign Minister Abbas Araqchi will visit China on Tuesday, foreign ministry spokesperson Esmaeil Baghaei said on Monday, ahead of a third round of nuclear talks between Tehran and Washington due on Saturday in Oman.
In a trip to Moscow last week, Araqchi told state TV that Tehran always closely consults with its friends, Russia and China, over the nuclear issue.
“It is natural that we will consult and brief China over the latest developments in Iran-U.S. indirect talks,” Baghaei said, adding that Beijing can play a constructive role in this process.
Long-time foes Iran and the U.S. started negotiations earlier this month with the aim of placing limits on Tehran’s nuclear programme, which Western powers say is geared toward developing nuclear weapons.
Tehran has long denied such accusations and seeks in exchange the lifting of U.S. sanctions that were re-imposed by President Donald Trump during his first term in office (2017-2021), when he withdrew from a 2015 nuclear pact between Iran and world powers, including China and Russia.
Since taking office in January, Trump has ratcheted pressure on Iran and has for the first time sanctioned Chinese “teapot” refineries – small, independent plants – that process Iranian crude oil and have provided an economic lifeline to Tehran’s squeezed economy.
“The policy of maximum pressure is not just against Iran but also other countries and goes against freedom of trade. In the case of China, sanctions also seek to disrupt south-south cooperation,” Baghaei said.
Beijing accounted for at least 77% of Iran’s roughly 1.6 million bpd of exported crude in 2024, according to analytics firm Kpler. The value of Iran’s crude sales to China is not officially disclosed, but a Reuters calculation puts the trade at nearly $29 billion last year, assuming a 20% discount to Brent crude prices to include the cost of logistics.
“China and Iran have maintained exchanges and contacts at all levels and in various fields. With regard to the specific visit mentioned, I have no information to offer at the moment,” Chinese Foreign Ministry spokesperson Guo Jiakun said on Monday regarding Araqchi’s upcoming visit.
Regional
JD Vance arrives in India, to hold talks with Modi under US tariffs shadow
Vance landed at New Delhi’s Palam airport on Monday following a visit to Rome, where he held a private meeting with Pope Francis on Easter Sunday

U.S. Vice President JD Vance began a four-day visit to India on Monday and will hold talks with Prime Minister Narendra Modi, as New Delhi rushes to avoid steep U.S. tariffs with an early trade deal and boost ties with the Trump administration.
Their discussions will cover the first day of Vance’s largely personal visit to the country with his family, which includes visiting the Taj Mahal and attending a wedding in the city of Jaipur, Reuters reported.
Vance’s wife, Usha, is the daughter of Indian immigrants.
Vance landed at New Delhi’s Palam airport on Monday following a visit to Rome, where he held a private meeting with Pope Francis on Easter Sunday.
Modi and Vance are expected to review progress made on the bilateral agenda outlined in February when the Indian leader met President Donald Trump in Washington. It includes “fairness” in their two-way trade and growing their defence partnership.
The Indian prime minister was one of the first world leaders to meet Trump after he took office, and Reuters has reported that his government is open to cutting tariffs on more than half of its imports from the U.S., which were worth a total $41.8 billion in 2024, as part of a trade deal.
However, the U.S. president has continued to call India a “tariff abuser” and “tariff king”.
“We are very positive that the visit will give a further boost to our bilateral ties,” Indian foreign ministry spokesperson Randhir Jaiswal told reporters on Thursday, speaking about Vance’s engagements in India.
The U.S. is India’s largest trading partner and their two-way bilateral trade reached $129 billion in 2024, with a $45.7 billion surplus in favour of India, U.S. government trade data show.
Officials in New Delhi are expecting to clinch a trade deal with the U.S. within the 90-day pause on tariff hikes announced by Trump on April 9 for major trading partners, including Delhi.
Vance’s tour in India is also seen as laying the ground for Trump’s visit to the country later in the year for the summit of leaders of the Quad grouping that includes India, Australia, Japan and the U.S.
Regional
Oman’s sultan to meet Putin in Moscow after Iran-US talks
The sultan will hold talks with Russian President Vladimir Putin on Tuesday, the Kremlin said.

Oman’s Sultan Haitham bin Tariq al-Said is set to visit Moscow on Monday, days after the start of a round of Muscat-mediated nuclear talks between the U.S. and Iran.
The sultan will hold talks with Russian President Vladimir Putin on Tuesday, the Kremlin said.
Iran and the U.S. started a new round of nuclear talks in Rome on Saturday to resolve their decades-long standoff over Tehran’s atomic aims, under the shadow of President Donald Trump’s threat to unleash military action if diplomacy fails.
Ahead of Saturday’s talks, Iranian Foreign Minister Abbas Araqchi met his Russian counterpart Sergei Lavrov in Moscow. Following the meeting, Lavrov said Russia was “ready to assist, mediate and play any role that will be beneficial to Iran and the U.S.A.”
Moscow has played a role in Iran’s nuclear negotiations in the past as a veto-wielding U.N. Security Council member and signatory to an earlier deal that Trump abandoned during his first term in 2018.
The sultan’s meetings in Moscow visit will focus on cooperation on regional and global issues, the Omani state news agency and the Kremlin said, without providing further detail.
The two leaders are also expected to discuss trade and economic ties, the Kremlin added.
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