COLOMBO: Sri Lanka will vote on Sep 21 to elect a new president, a government notice said on Friday (Jul 26), a crucial contest that is expected to determine the future of reforms in the South Asian island nation weathering its
RMAL Rathnayake , chairman of Sri Lanka 's Election Commission, addresses a press conference on Jul 16, 2024, ahead of the presidential election in Colombo.
Helped by a US$2.9 billion International Monetary Fund bailout programme, Wickremesinghe has stitched back the shattered economy, bringing down inflation from a steep 70 per cent in September 2022 to 1.7 per cent in June, strengthening the rupee and rebuilding previously decimated foreign exchange reserves.
Higher taxes imposed under the IMF programme, prolonged inflation and a stagnant job market caused by the grinding crisis have plunged a quarter of the population into poverty and pushed thousands to migrate.
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