Heavily indebted Sri Lanka votes in election to decide economic future


  • World
  • Saturday, 21 Sep 2024

People stand in a queue to vote at a polling station during the presidential election in Colombo, Sri Lanka, September 21, 2024. REUTERS/Dinuka Liyanawatte

COLOMBO (Reuters) -Millions of Sri Lankans were casting their votes on Saturday to elect a president who will face the task of bolstering the South Asian country's fragile economic recovery following its worst financial crisis in decades.

More than 17 million of Sri Lanka's 22 million people are eligible to vote in an election that has shaped up to be a close contest between President Ranil Wickremesinghe, main opposition leader Sajith Premadasa and Marxist-leaning challenger Anura Kumara Dissanayake, who led in one recent opinion poll.

Well-organised polling booths manned by public officials and police guided Sri Lankans on how to cast their vote as citizens in Colombo, the country's biggest city, lined up after voting began at 7 a.m. (0130 GMT).

At Visakha Vidyalaya, a school about 15 km from Colombo, brisk polling was seen early in the morning as families, some of them accompanying their ageing parents, lined up next to coir ropes that created orderly lines for voters.

A large blow-up of the ballot paper was visible at the entrance to the booth set up next to blooming flower beds and a stretch of classrooms.

"I think we desperately need a change and I think a lot of people feel the same way. For us to have a future the entire country must have a future, first," said Niroshan Perera, 36, a supporter of Dissanayake.

Voting was proceeding peacefully across the island nation and queues outside booths lengthened as the day progressed, local TV channels showed. Polls close at 4 p.m. (1030 GMT), with counting scheduled to start shortly afterward. The Election Commission is expected to announce the winner on Sunday.

Over 13,000 polling stations were set up across the country and 250,000 public officials deployed to manage the election, R.M.L. Rathnayake, the head of Sri Lanka's election commission, told Reuters.

This is the first election since Sri Lanka's economy buckled in 2022 under a severe foreign exchange shortage, leaving the Indian Ocean island nation unable to pay for imports of essentials including fuel, medicine and cooking gas.

Thousands of protesters marched in Colombo in 2022 and occupied the president's office and residence, forcing then-President Gotabaya Rajapaksa to flee and later resign.

Buttressed by a $2.9 billion bailout programme from the International Monetary Fund, Sri Lanka's economy has posted a tentative recovery but the high cost of living remains a core issue for many voters.

Although inflation cooled to 0.5% last month from a crisis high of 70%, and the economy is forecast to grow in 2024 for the first time in three years, millions remain mired in poverty and debt, with many pinning hopes of a better future on their next leader.

"This is an election that will change the history of Sri Lanka. People are voting enthusiastically," Dissanayake said after casting his vote at a temple in the outskirts of Colombo.

The winner will have to ensure Sri Lanka sticks with the IMF programme until 2027 to get its economy on a stable growth path, reassure markets, attract investors and help a quarter of its people climb out of crisis-induced poverty.

"The people have to decide the future of this country. I ask everyone to vote peacefully," Wickremesinghe, accompanied by his wife, said after voting at the University of Colombo. "We have stabilised the government and the democratic system. I'm happy I've been able to make a major contribution to that."

Sri Lanka's ranked voting system allows voters to cast three preferential votes for their chosen candidates.

If no candidate wins 50% in the first count, there is a second round between the two frontrunners, with the preferential votes of other candidates redistributed, an outcome analysts say is likely given the close nature of the election.

(Reporting by Uditha Jayasinghe and Sudipto Ganguly; additional reporting by Sam Jahan; Editing by Alex Richardson, William Mallard and Shri Navaratnam)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Martinique's authorities ban demonstrations after violent protests
Russian attack on Ukraine's Kryvyi Rih kills three - governor
Torrential rain in Japan floods quake-stricken Noto region
New Zealand pilot Phillip Mehrtens freed from captivity in Indonesia's Papua
US soldier who fled to North Korea is free after sentencing
More than 100 killed or missing as Sinaloa Cartel war rages in Mexico
Roundup: Four giant pandas at Zoo Atlanta to return to China in mid-October
U.S. stocks close mixed after rally on rate cut
Sandu launches Moldova re-election bid, referendum campaign on joining EU
Russian forces make three strikes on Kharkiv, seven injured

Others Also Read