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

USD -
AED 3.67296
AFN 68.986845
ALL 88.969965
AMD 387.270403
ANG 1.802796
AOA 927.769041
ARS 961.531104
AUD 1.470588
AWG 1.8
AZN 1.70397
BAM 1.753208
BBD 2.019712
BDT 119.536912
BGN 1.752304
BHD 0.376921
BIF 2899.760213
BMD 1
BND 1.29254
BOB 6.912131
BRL 5.514604
BSD 1.000309
BTN 83.60415
BWP 13.223133
BYN 3.273617
BYR 19600
BZD 2.01627
CAD 1.35825
CDF 2871.000362
CHF 0.850342
CLF 0.033728
CLP 930.650396
CNY 7.051904
CNH 7.043005
COP 4151.84
CRC 519.014858
CUC 1
CUP 26.5
CVE 98.841848
CZK 22.451204
DJF 177.720393
DKK 6.681904
DOP 60.041863
DZD 132.138863
EGP 48.452557
ERN 15
ETB 116.075477
EUR 0.894904
FJD 2.200804
FKP 0.761559
GBP 0.75092
GEL 2.730391
GGP 0.761559
GHS 15.725523
GIP 0.761559
GMD 68.503851
GNF 8642.218776
GTQ 7.732543
GYD 209.255317
HKD 7.79145
HNL 24.813658
HRK 6.799011
HTG 131.985747
HUF 352.180388
IDR 15160.8
ILS 3.781915
IMP 0.761559
INR 83.48045
IQD 1310.379139
IRR 42092.503816
ISK 136.260386
JEP 0.761559
JMD 157.159441
JOD 0.708504
JPY 143.81504
KES 129.040385
KGS 84.238504
KHR 4062.551824
KMF 441.350384
KPW 899.999433
KRW 1332.490383
KWD 0.30507
KYD 0.833584
KZT 479.582278
LAK 22088.160814
LBP 89576.048226
LKR 305.193379
LRD 200.058266
LSL 17.560833
LTL 2.95274
LVL 0.60489
LYD 4.750272
MAD 9.699735
MDL 17.455145
MGA 4524.124331
MKD 55.221212
MMK 3247.960992
MNT 3397.999955
MOP 8.029402
MRU 39.752767
MUR 45.880378
MVR 15.360378
MWK 1734.35224
MXN 19.414904
MYR 4.205039
MZN 63.850377
NAD 17.560676
NGN 1639.450377
NIO 36.81526
NOK 10.484204
NPR 133.76929
NZD 1.60295
OMR 0.384512
PAB 1.000291
PEN 3.749294
PGK 3.91568
PHP 55.653038
PKR 277.935915
PLN 3.82535
PYG 7804.187153
QAR 3.646884
RON 4.449904
RSD 104.761777
RUB 92.240594
RWF 1348.488855
SAR 3.752553
SBD 8.306937
SCR 13.062038
SDG 601.503676
SEK 10.171204
SGD 1.291204
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 571.648835
SRD 30.205038
STD 20697.981008
SVC 8.752476
SYP 2512.529936
SZL 17.567198
THB 32.903649
TJS 10.633082
TMT 3.5
TND 3.030958
TOP 2.342104
TRY 34.122804
TTD 6.803666
TWD 31.981038
TZS 2726.202038
UAH 41.346732
UGX 3705.911619
UYU 41.33313
UZS 12729.090005
VEF 3622552.534434
VES 36.777762
VND 24605
VUV 118.722009
WST 2.797463
XAF 587.999014
XAG 0.03211
XAU 0.000381
XCD 2.70255
XDR 0.741335
XOF 588.001649
XPF 106.906428
YER 250.325037
ZAR 17.43056
ZMK 9001.203587
ZMW 26.482307
ZWL 321.999592
  • RBGPF

    58.8300

    58.83

    +100%

  • VOD

    -0.0500

    10.01

    -0.5%

  • GSK

    -0.8200

    40.8

    -2.01%

  • RELX

    -0.1400

    47.99

    -0.29%

  • AZN

    -0.5200

    78.38

    -0.66%

  • BTI

    -0.1300

    37.44

    -0.35%

  • CMSC

    0.0300

    25.15

    +0.12%

  • SCS

    -0.3900

    12.92

    -3.02%

  • NGG

    0.7200

    69.55

    +1.04%

  • RIO

    -1.6100

    63.57

    -2.53%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • CMSD

    0.0100

    25.02

    +0.04%

  • JRI

    -0.0800

    13.32

    -0.6%

  • BCC

    -7.1900

    137.5

    -5.23%

  • BCE

    -0.1500

    35.04

    -0.43%

  • BP

    -0.1200

    32.64

    -0.37%

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