What are the key challenges for Sri Lanka President Dissanayake?
Anura Kumara Dissanayake as the country's new president, giving the Marxist-leaning politician a key role in deciding the future of reforms in the debt-ridden nation that is slowly emerging from a crushing financial crisis.
Below are the key challenges for Dissanayake, who was sworn-in as the Indian Ocean country's head of state on Monday:
ECONOMY AND GROWTH
A dire shortfall in foreign exchange reserves in 2022 pushed Sri Lanka's economy into its worst crisis in decades. While the economy has since taken tentative steps towards recovery, a lot remains to be done.
Inflation has moderated to 0.5% from a crisis-peak of 70%, while the economy is expected to grow in 2024 after shrinking 2.3% last year and 7.3% at the height of the crisis.
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