The Business Times

Anura Kumara Dissanayake

International

Sri Lanka expects economy to grow at 5%, repay all debt, Dissanayake says

Sri Lanka will maintain a primary surplus of 2.3% of GDP

In his first address to the new parliament, where his party enjoys a two-thirds majority, Dissanayake said the economic recovery was too fragile to take risks.
International

Sri Lanka's president makes U-turn on IMF bailout

He vowed to maintain the IMF programme

Dissanayake comfortably won the island’s presidential election in September and named Amarasuriya (top) as prime minister.
International

Sri Lanka reappoints Amarasuriya as prime minister

Dissanayake will keep the key finance portfolio for himself

Dissanayake's National People’s Power (NPP) coalition won at least 159 seats in the 225-member assembly – exceeding a two-thirds majority.
International

Landslide win for Sri Lanka president's leftist coalition in snap polls

The coalition had a monumental 61.5% of the vote

In his first meeting with the IMF delegation on Thursday, Dissanayake said he wanted to reduce the tax burden on lower income households.
International

IMF asks Sri Lanka to protect hard-won gains

“Reform efforts are bearing fruit in terms of reviving economic growth, lowering inflation, boosting reserves and improving revenue mobilisation,” says IMF

Sri Lanka's new president, Anura Kumara Dissanayake (top), an avowed Marxist, had criticised Wickremesinghe during the campaign for not securing better deals with international creditors and vowed to renegotiate if elected.
International

Sri Lanka to review sovereign bond restructure deal

Sri Lanka’s new government said on Tuesday (Oct 1) it would “review” a US$12.5 billion sovereign bond debt restructure deal announced last month as part of efforts to repair the nation’s ruined financ...

Sri Lanka President Anura Kumara Dissanayake ordered the parliamentary election to be held on Nov 14 and for the new legislature to meet on Nov 21.
International

Sri Lanka president dissolves parliament, calls early poll

SRI Lanka’s new President Anura Kumara Dissanayake dissolved the nation’s parliament with effect midnight on Tuesday (Sep 24) and called for early elections, framing his decision as steps towards comb...

Sri Lanka's new president, Anura Kumara Dissanayake, addressing the nation after he was sworn in at the presidential secretariat in Colombo. He has just three lawmakers in the 225-member parliament.
International

Sri Lanka's new leader appoints 3-member-Cabinet ahead of expected snap polls

“We will have the smallest Cabinet in the history of Sri Lanka,” says a party member

Sri Lanka's new president Anura Kumara Dissanayake faces huge challenges as his promises to change the parameters of the IMF bailout and the way it determines how much debt is sustainable, could delay new money from the IMF and also force lenders to renegotiate debt deals.
International

Dissanayake's push for Sri Lanka economic change leaves IMF deal, debt rework in limbo

How much support Dissanayake can command to support any controversial move is also unclear

“We look forward to working together with President Dissanayake and his team towards building on the hard-won gains that have helped put Sri Lanka on a path to economic recovery,” says the IMF.
International

IMF to work with Sri Lanka leader on US$3 billion loan

Dissanayake has promised to reopen negotiations with the IMF on the country’s big loan programme

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