Sri Lanka is set to hold its presidential election on September 21, marking the first such vote since the country declared bankruptcy in 2022 and defaulted on its debts. Incumbent President Ranil Wickremesinghe, who took office after the ousting of former President Gotabaya Rajapaksa amid widespread protests, is expected to run for re-election. The election is critical for assessing public confidence in Wickremesinghe's economic reforms supported by a $2.9 billion IMF bailout, which has begun to show positive signs such as reduced inflation and improved economic indicators. Nominations for the election will be accepted starting August 15, with notable challengers including opposition leader Sajith Premadasa and Anura Kumara Dissanayake of the Marxist JVP party. Despite some economic recovery, dissatisfaction remains due to high taxes and ongoing inflation, impacting living standards for many citizens. The election outcomes will significantly influence Sri Lanka's future economic direction and recovery efforts.