Sri Lanka’s 17 million eligible voters begin casting ballots, final results expected Sunday
People stand in queue outside a polling station on the day of the presidential election in Jaffna, Sri Lanka on Sept. 21, 2024.Sri Lankans began voting Saturday in a presidential election that will determine the course of the country’s recovery from its worst economic crisis and resulting political upheaval.
Sri Lanka’s local and foreign debt totaled $83 billion at the time it defaulted, and the government says it has now restructured more than $17 billion. Sri Lanka’s economic crisis resulted largely from excessive borrowing on projects that did not generate revenue. The impact of the COVID-19 pandemic and the government’s insistence on using scarce foreign reserves to prop up the currency, the rupee, contributed to the economy’s free fall.
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