Mr. Wickremesinghe, 75, a six-time former prime minister, is a political survivor. His elevation to the presidency in 2022, after the overthrow of Gotabaya Rajapaksa, plucked him out of irrelevance and demonstrated his formidable bargaining powers.

Election officials carry ballot boxes a day before the presidential election in Colombo, Sri Lanka, Sept. 20, 2024. Sri Lanka's presidential election will take place on Sept. 21 with over 17 million registered voters to elect the South Asian country's president for the next five years.

President Ranil Wickremesinghe charted a path for Sri Lanka out of its worst financial crisis in decades, but the austerity measures that were key to this recovery may hinder his bid to return to his job in Saturday's presidential election.

Sri Lankans will vote on Saturday for their next president, who will be key to deciding the future of reforms in a nation slowly emerging from worst financial crisis in decades. A critical shortfall in foreign exchange in 2022 pushed Sri Lanka's economy into the worst financial freefall in decades.

The economy, which collapsed in 2022 after a severe shortage of dollars, is one of the key issues for voters, who have struggled with inflation that soared to as much as 70%, a battered currency and power tariffs that jumped 65%.

Sri Lanka's president Ranil Wickremesinghe gestures as he arrives at his final election campaign rally for the upcoming presidential election, scheduled for September 21, in Colombo, Sri Lanka September 18,

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