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Kumara Dissanayake - 1 Ranil Wickremesinghe - 1 Sajith Premadasa - 1 “ - 1 ” Dissanayake - 1 “ Mr - 1 ” Wickremesinghe - 1 Dissanayake - 1
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☆ Sri Lankans elect Marxist-leaning Dissanayake as president to fix economy
  + stars: | 2024-09-22 | by ( ) edition.cnn.com   time to read: +5 min
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. 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. Anura Kumara Dissanayake of the National People's Power party leaves a polling station after casting his vote in Colombo, Sri Lanka, on Sept. 21, 2024. Grinding poverty for millionsButtressed by the IMF deal, Sri Lanka’s economy has managed a tentative recovery. Dissanayake ran as a candidate for the National People’s Power alliance, which includes his Marxist-leaning Janatha Vimukthi Peremuna party.
Persons: Kumara Dissanayake, Ranil Wickremesinghe, Sajith Premadasa, “, ” Dissanayake, “ Mr, ” Wickremesinghe, Dissanayake, Premadasa, Eranga, Gotabaya Rajapaksa, ”, Pradeep Peiris, Dissanayake’s, Janak Dias Organizations: COLOMBO Reuters, Marxist, National People's, Monetary Fund, University of Colombo, IMF, National People’s Power, JVP Locations: Lankans, Sri Lanka, Colombo, “, Sri
☆ Sri Lanka agrees $3 billion IMF loan in boost for crisis-hit economy
  + stars: | 2023-03-20 | by ( Mitchell Mccluskey Rhea Mogul | Mitchell Mccluskey | Rhea Mogul | ) edition.cnn.com   time to read: +3 min
CNN —Sri Lanka on Monday secured a much-anticipated loan of about $3 billion from the International Monetary Fund (IMF) as the South Asian nation navigates its worst financial crisis in decades. The deal, nearly a year in the making, will aim to “restore macroeconomic stability and debt sustainability” and “unlock Sri Lanka’s growth potential,” the IMF said in a statement. In July last year, President Ranil Wickremesinghe said Sri Lanka is “bankrupt,” adding negotiations with the IMF were “difficult.”Monday’s loan approval will provide much-needed respite for the nation as it faces an uphill climb to revive its flailing economy. The IMF will immediately disburse an initial $333 million to Sri Lanka, with more funds to follow in the coming months. “For Sri Lanka to overcome the crisis, swift and timely implementation of the EFF-supported program with strong ownership for the reforms is critical,” IMF managing director Kristalina Georgieva said in a statement.
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