3 October 2024

As Sri Lanka Heads to the Polls, Economy Takes Center Stage

Amita Arudpragasam

On Sept. 21, 17 million Sri Lankans will cast their vote to select the country’s next president. This is the first popular election since the country defaulted on its sovereign debt payments in 2022 and spiraled into its worst economic crisis since it gained independence in 1948.

Sri Lanka’s new leader will take the reins of a country still grappling with economic hardship. In 2022, lines for fuel, daily power cuts, severe inflation, and a shortage of drugs and essential goods led to mass protests that forced the resignations of then-President Gotabaya Rajapaksa and his brother, then-Prime Minister Mahinda Rajapaksa.

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