Anura Kumara Dissanayake, a Marxist-leaning candidate, was elected as the new president of Sri Lanka with a focus on fighting corruption and strengthening the economy after a severe financial crisis. He defeated incumbent President Ranil Wickremesinghe and opposition leader Sajith Premadasa. The election was a referendum on Wickremesinghe’s handling of the economy, which angered voters with austerity measures. Dissanayake received 42.3% of the votes, a significant increase from his previous election performance. The election was decided by a second tally of votes as no candidate won 50% in the first count.
Dissanayake pledged to dissolve parliament within 45 days for a fresh mandate and presented himself as a candidate of change for those struggling under austerity measures. He will need to navigate challenges such as honoring IMF agreements, attracting investors, repaying debt, and lifting millions out of poverty. Despite concerns about his tax policies impacting fiscal targets, Dissanayake has promised a more conciliatory approach and emphasized his commitment to fighting corruption and supporting the poor. Sri Lanka’s economy is expected to grow this year for the first time in three years, but the high cost of living remains a critical issue for many voters. Dissanayake’s victory reflects a desire for different political practices and institutions among the Sri Lankan people.
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