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Of Promises and Precariousness: Tough balancing ahead for AKD | PART 02

Of Promises and Precariousness: Tough balancing ahead for AKD

When Anura Kumara Dissanayake (AKD) was elected as Sri Lanka’s 9th Executive President in September 2024, the nation anticipated sweeping political reforms and a rapid economic turnaround.

Given Sri Lanka’s precarious economic and geopolitical position, the new government had little choice but to adopt a pragmatic foreign policy, carefully balancing relations with India and China—both critical partners in IMF debt restructuring and economic recovery efforts. Five months into AKD’s presidency, Sri Lanka is experiencing a new wave of strategic competition between India and China, with both nations increasing their grants and investments. However, maintaining equilibrium is proving to be a challenge, especially after AKD’s recent visit to China, which has brought greater clarity to his foreign policy direction—but also raised concerns in India.

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