The Fort Worth Press - Sri Lanka votes in first poll since economic collapse

USD -
AED 3.672504
AFN 64.000368
ALL 81.218818
AMD 360.140403
ANG 1.789785
AOA 918.000367
ARS 1535.164404
AUD 1.422273
AWG 1.8025
AZN 1.70397
BAM 1.747092
BBD 2.014338
BDT 124.158076
BGN 1.747831
BHD 0.377606
BIF 3001.375712
BMD 1
BND 1.27771
BOB 12.126707
BRL 5.440704
BSD 1.000156
BTN 94.912544
BWP 13.81787
BYN 2.946066
BYR 19600
BZD 2.011399
CAD 1.39755
CDF 2315.000362
CHF 0.823904
CLF 0.025146
CLP 992.920396
CNY 6.661104
CNH 6.653041
COP 3219.41
CRC 454.787056
CUC 1
CUP 24.001751
CVE 98.497943
CZK 21.81604
DJF 177.720393
DKK 6.697404
DOP 60.620679
DZD 135.802679
EGP 55.993189
ERN 15
ETB 161.461739
EUR 0.896104
FJD 2.243704
FKP 0.747647
GBP 0.74675
GEL 2.603861
GGP 0.747647
GHS 11.651465
GIP 0.747647
GMD 74.000355
GNF 8851.589159
GTQ 7.645651
GYD 209.633474
HKD 7.84625
HNL 26.880818
HRK 6.76901
HTG 131.032142
HUF 327.940388
IDR 18133.75
ILS 3.14456
IMP 0.747647
INR 94.917504
IQD 1516.088114
IRR 1868415.000352
ISK 121.830386
JEP 0.747647
JMD 158.924129
JOD 0.70904
JPY 157.59504
KES 129.870385
KGS 87.448704
KHR 4080.593508
KMF 441.00035
KPW 899.999961
KRW 1333.420383
KWD 0.31116
KYD 0.833434
KZT 453.459704
LAK 22517.911061
LBP 89559.597295
LKR 332.651457
LRD 170.008263
LSL 16.666696
LTL 2.95274
LVL 0.60489
LYD 6.428964
MAD 9.833447
MDL 17.902128
MGA 4523.771239
MKD 55.008665
MMK 2099.909661
MNT 3597.883233
MOP 8.081288
MRU 40.55493
MUR 47.280378
MVR 15.450378
MWK 1733.828824
MXN 18.786704
MYR 4.058204
MZN 63.910377
NAD 16.666696
NGN 1346.470377
NIO 36.803459
NOK 9.208504
NPR 151.859892
NZD 1.775884
OMR 0.384417
PAB 1.00025
PEN 3.46149
PGK 4.551281
PHP 63.764504
PKR 276.672235
PLN 3.94725
PYG 5859.074911
QAR 3.645686
RON 4.782204
RSD 105.25382
RUB 80.668011
RWF 1476.317024
SAR 3.7544
SBD 8.058206
SCR 13.759577
SDG 601.503676
SEK 9.826204
SGD 1.278304
SHP 0.748335
SLE 22.903667
SLL 20969.504398
SOS 571.533215
SRD 37.619504
STD 20697.981008
STN 21.886236
SVC 8.750648
SYP 13001.999685
SZL 16.6622
THB 33.750369
TJS 9.205654
TMT 3.5
TND 2.990728
TOP 2.40776
TRY 49.934704
TTD 6.780948
TWD 32.621504
TZS 2641.198038
UAH 45.361884
UGX 4250.396409
UYU 40.208322
UZS 11995.497668
VES 887.479804
VND 25803.5
VUV 119.217464
WST 2.773901
XAF 587.805759
XAG 0.020359
XAU 0.000258029557
XCD 2.70255
XCG 1.802387
XDR 0.707052
XOF 587.805759
XPF 106.533507
YER 236.203589
ZAR 16.727445
ZMK 9001.203584
ZMW 20.167407
ZWL 321.999592
SSP 5745.199062
MXV 2.117364
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Sri Lanka votes in first poll since economic collapse
Sri Lanka votes in first poll since economic collapse / Photo: © AFP

Sri Lanka votes in first poll since economic collapse

Cash-strapped Sri Lanka began voting for its next president Saturday in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation's unprecedented financial crisis.

Text size:

President Ranil Wickremesinghe is fighting an uphill battle for a fresh mandate to continue belt-tightening measures that have stabilised the economy and ended months of food, fuel and medicine shortages.

His two years in office restored calm to the streets after civil unrest spurred by the downturn in 2022 saw thousands storm the compound of his predecessor, who promptly fled the country.

"We must continue with reforms to end bankruptcy," Wickremesinghe, 75, said at his final rally in Colombo this week.

"Decide if you want to go back to the period of terror, or progress."

But Wickremesinghe's tax hikes and other measures, imposed per the terms of a $2.9-billion IMF bailout, have left millions struggling to make ends meet.

He is tipped to lose to one of two formidable challengers including Anura Kumara Dissanayaka, the leader of a once-marginal Marxist party tarnished by its violent past.

Sri Lanka's crisis has proven an opportunity for the 55-year-old Dissanayaka, who has seen a surge of support based on his pledge to change the island's "corrupt" political culture.

Fellow opposition leader Sajith Premadasa, the son of a former president assassinated in 1993 during the country's decades-long civil war, is also expected to make a strong showing.

"There is a significant number of voters trying to send a strong message... that they are very disappointed with the way this country has been governed," Murtaza Jafferjee of think tank Advocata told AFP.

- 'Not out of the woods' -

More than 17 million people are eligible to vote in the election, with more than 63,000 police deployed to protect polling booths and counting centres.

"We also have anti-riot squads on standby in case of any trouble, but so far everything is peaceful," police spokesman Nihal Talduwa said.

"In some areas, we have had to deploy police to ensure polling booths are safe from wild animals, especially wild elephants."

Polls close at 4:00 pm (1030 GMT) with counting to begin on Saturday evening.

A result is expected on Sunday, but an official outcome could be delayed if the contest is close.

Schools were closed on Friday to be converted to polling stations, which will be staffed by more than 200,000 public servants deployed to conduct the vote.

Economic issues dominated the eight-week campaign, with public anger widespread over the hardships endured since the peak of the crisis two years ago.

Official data showed that Sri Lanka's poverty rate doubled to 25 percent between 2021 and 2022, adding more than 2.5 million people to those already living on less than $3.65 a day.

Experts warn that Sri Lanka's economy is still vulnerable, with payments on the island's $46-billion foreign debt yet to resume since a 2022 government default.

The IMF said reforms enacted by Wickremesinghe's government were beginning to pay off, with growth slowly returning.

"A lot of progress has been made," the IMF's Julie Kozack told reporters in Washington last week.

"But the country is not out of the woods yet."

N.Patterson--TFWP