Sri Lanka’s president said reopening talks with the International Monetary Fund over a bailout program would represent the biggest threat to the island nation’s economy, hitting back at his opponents who have pledged fresh dialogue with the lender.

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 Lanka is preparing for its first national election since the financial default of 2022. Scheduled for September 21, 2024, this pivotal election features over 30 candidates, including President Ranil Wickremesinghe and opposition leader Sajith Premadasa.