Sri Lanka Gears Up for Presidential Election Showdown

Friday, August 16, 2024 Edit this post

By Penny Wijesinghe

Cover Image Attribute: On August 15, 2024, President Ranil Wickremesinghe addressed his supporters in Colombo, Sri Lanka, after submitting his nomination papers for the upcoming presidential election, which is set to take place on September 21. / Source: Reuters
Cover Image Attribute: On August 15, 2024, President Ranil Wickremesinghe addressed his supporters in Colombo, Sri Lanka, after submitting his nomination papers for the upcoming presidential election, which is set to take place on September 21. / Source: Reuters

Sri Lankan President Ranil Wickremesinghe, 75, has secured the backing of a grand coalition comprising more than 30 political parties ahead of the country's presidential election, scheduled for September 21. He as a veteran political figure and leader of the once-dominant United National Party (UNP), presented his nomination papers at the Election Commission in Rajagiriya on August 15, 2024 as an independent candidate. His candidacy marks a pivotal moment in Sri Lanka's political landscape, amidst ongoing economic challenges and a volatile electoral environment.

Wickremesinghe is endorsed by a wide array of parties, including breakaway factions of the influential Rajapaksa family’s Sri Lanka Podujana Peramuna (SLPP). More than 100 MPs from the SLPP, out of the 145 elected to parliament in 2020, are now supporting 75-year-old Wickremesinghe, who has declared himself as an independent candidate. They have broken ranks with their party, which had put forward 38-year-old Namal Rajapaksa, heir to the Rajapaksa family, as its candidate.

The election is crucial for Sri Lanka, which continues to grapple with its worst economic crisis in decades. Wickremesinghe, who was elected by parliament in 2022 following the ouster of Gotabaya Rajapaksa amid mass protests, has implemented a series of tough reforms aimed at stabilizing the economy. These measures, required by the International Monetary Fund (IMF) for a $3 billion bailout, have brought some stability but have also caused significant hardships for the public.

Wickremesinghe's main opponents in the race include Sajith Premadasa, leader of the opposition, and Anura Kumara Dissanayake, a Marxist-leaning parliamentarian. Both have vowed to challenge the economic direction set by the current administration, with promises to renegotiate the IMF deal to ease the burden on citizens.

Despite facing criticism, Wickremesinghe remains confident in his approach, emphasizing that completing the economic recovery plan is essential for Sri Lanka's future. "We have to stabilise the economy," he told reporters after his candidacy was confirmed.

The shifting alliances and strategic maneuvers among key political figures underscore the fluidity of Sri Lanka's electoral politics and the high stakes involved in the upcoming presidential contest. As the campaign intensifies in the weeks leading to the election, Wickremesinghe's ability to consolidate support from a broad coalition while navigating criticisms of economic policies will likely determine the electoral outcome. With promises of continued economic reform and pledges to address public grievances, Wickremesinghe's candidacy represents both continuity and change in Sri Lanka's political landscape.

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IndraStra Global: Sri Lanka Gears Up for Presidential Election Showdown
Sri Lanka Gears Up for Presidential Election Showdown
By Penny Wijesinghe
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