Anura Kumara Dissanayake, also known as AKD, was recently sworn in as Sri Lanka’s new president amidst the country’s worst economic crisis. Promising to restore economic stability and reevaluate its IMF bailout terms, Dissanayake faces the challenge of shaping Sri Lanka’s foreign policy in a region where India and China vie for influence.
Experts anticipate a more nuanced approach in foreign policy, predicting a balanced strategy that prioritizes economic development. India has extended financial aid, while China offered humanitarian support. Dissanayake’s visit to India and China, along with promises of collaboration with both nations, reflects a cautious yet pragmatic approach.
Despite expressing intentions to strengthen ties with India and China, Dissanayake insisted that Sri Lanka’s assets are not up for grabs. Observers believe India remains the preferred security partner, focusing on long-term relationships in the region. The strategic competition in the Indian Ocean will continue, with Dissanayake’s leadership expected to navigate cautiously between India and China.