Polls close in Sri Lanka's presidential election

Cash-strapped Sri Lanka has voted for its next president in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation's unprecedented financial crisis.

Turnout was at nearly 70% an hour before polling stations closed at 4pm (11.30am Irish time), an election commission official said, citing provisional figures.

The record for voter turnout in a Sri Lankan presidential election was set in 2019 with 83.72%.

President Ranil Wickremesinghe is fighting an uphill battle for a fresh mandate to continue belt-tightening measures that 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.

"I've taken this country out of bankruptcy," Mr Wickremesinghe, 75, said after casting his ballot in the morning.

"I will now deliver Sri Lanka a developed economy, developed social system and developed political system."

But Mr Wickremesinghe's tax hikes and other measures, imposed under the terms of a $2.9 billion IMF bailout, have left millions struggling to make ends meet.

Mr Wickremesinghe is tipped to lose to one of two formidable challengers. One is Anura Kumara Dissanayaka, the leader of a once-marginal Marxist party tarnished by its violent past.

The party led two failed uprisings in the 1970s and 1980s that left more than 80,000 people dead, and it won less than 4% of the vote in the previous parliamentary elections.

However Sri Lanka's crisis has proven an opportunity for the 55-year-old Mr Dissanayaka, who has seen a surge of support based on his pledge to change the island's "corrupt" political culture.

He said at a polling station he was confident of securing the top job.

"After the victory there should be no clashes, no violence," he said. "Our country needs a new political culture."

Fellow opposition leader Sajith Premadasa, 57, 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.

Mr Premadasa has vowed to fight endemic corruption, and both he and Mr Dissanayaka have pledged to renegotiate the terms of the IMF rescue package.

Political analyst Kusal Perera told AFP it was difficult to predict a winner from the three-way race - the first in the island's history.

"What is clear is that no candidate will surpass the 50% mark" needed to win outright, he said.

Officials would then carry out a count of second- and third-preference votes to determine the winner.

More than 17 million people were eligible to vote in the election, with more than 63,000 police deployed to guard polling booths and counting centres in schools and temples.

The government also banned the sale of liquor over the weekend and said no victory rallies or celebrations would be permitted until a week after the results were announced.

Counting is set to begin this evening and a result is expected tomorrow, but an official outcome could be delayed if the contest is close.

Schools were closed yesterday to be converted into polling stations, which were staffed by more than 200,000 public servants deployed to conduct the vote.

'Not out of the woods'

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% 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 Mr 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."