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Sri Lanka’s New President Dissanayake Vows Not to Engage in Geopolitical Rivalries, Prioritizes Balanced Ties with India

Anura Kumara Dissanayake, Sri Lanka's newly-elected 'Marxist' president, seeks to stabilize the economy while balancing relations with China and India.

Lagatar News by Lagatar News
September 23, 2024
in National & International
Sri Lanka’s New President Dissanayake Vows Not to Engage in Geopolitical Rivalries, Prioritizes Balanced Ties with India
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Lagatar24 Desk

Colombo: Following the election of Anura Kumara Dissanayake as Sri Lanka’s 10th President, a significant shift in the nation’s leadership has drawn attention, especially regarding the country’s geopolitical stance. Dissanayake, a Marxist leader, takes charge amidst Sri Lanka’s ongoing economic crisis, and his government seeks to distance itself from the previous administration’s China-centric policies.

Dissanayake’s Approach to India

Dissanayake’s National People’s Power (NPP) party has reassured India and other global powers that the new government will remain neutral in geopolitical rivalries, particularly in the Indo-Pacific region. As Bimal Ratnayake, a spokesperson for the NPP, stated, “Sri Lankan territory will not be used against any other nation.” The administration acknowledges India’s strategic importance and seeks to strengthen economic and diplomatic ties without alienating China.

Professor Anil Jayantha, a member of the NPP’s national executive committee, emphasized Dissanayake’s focus on engaging India as a key player in stabilizing Sri Lanka’s economy. “India is our neighbor and a superpower. Our leader wants to deal with all major powers to stabilize the Sri Lankan economy,” Jayantha said.

Geopolitical Balancing: Sri Lanka, China, and India

Historically, Sri Lanka has leaned toward China for financial support, particularly during the Rajapaksa era, when major infrastructure projects like the Colombo Port City and Hambantota Port were funded by Chinese loans. These ventures, while ambitious, contributed to Sri Lanka’s debt crisis.

India, meanwhile, has expressed concerns over China’s increasing influence, particularly after Sri Lanka leased Hambantota Port to a Chinese firm for 99 years. This has fueled suspicions that the port could be used for military purposes, a claim Sri Lanka denies.

Strengthening Indo-Sri Lankan Ties

Amid these geopolitical concerns, India is working to counterbalance China’s presence in Sri Lanka. One key initiative is the Colombo West International Terminal expansion, led by Adani Group and supported by U.S. funding. This project is seen as a strategic move to boost Sri Lanka’s role as a South Asian shipping hub and reduce its economic reliance on China.

Future Outlook Under Dissanayake

While Dissanayake’s leadership raises questions about Sri Lanka’s foreign policy, the new president has made it clear that his administration’s priority is economic recovery and maintaining neutral, balanced relations with global powers. As Sri Lanka navigates the complexities of international alliances, Dissanayake aims to reassure India that the island nation will not become a battleground for geopolitical rivalries.

As the world watches the unfolding developments, it remains to be seen how Sri Lanka will balance its partnerships with China, India, and other nations while managing the challenges of economic recovery.

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