Commentary: No easy path to recovery for Sri Lanka

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Sri Lanka’s new president Ranil Wickremesinghe inherits a bankrupt economy shaken by mass protests. Combined with global pressures on food and fuel prices, Sri Lanka’s path to recovery is complicated, says foreign affairs commentator Hannan Hussain.

Since commencing his sixth term as prime minister in May

But rapidly depleting Central Bank resources and public opposition to Wickremesinghe’s presidency make it critical to manage domestic unrest ahead of any agreement. Protesters accused Wickremesinghe of striking deals with the Rajapaksa familyIn the near term, FILE - Sri Lanka's newly elected president Ranil Wickremesinghe signs after taking oath during his swearing-in ceremony in Colombo, Sri Lanka, Thursday, July 21, 2022.

 

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