Sri Lanka PM confirms President Rajapaksa to resign

Sri Lanka's President Gotabaya Rajapaksa has informed Prime Minister Ranil Wickremesinghe that he will resign as previously announced, the prime minister's office said on Monday.

The parliamentary speaker earlier said Rajapaksa would resign on Wednesday, after thousands of protesters stormed the president's official residence.

Sri Lanka's entire cabinet will resign once an agreement is reached to form an all-party government, the prime minister's office said on Monday, as authorities try to overcome a political crisis triggered by a deep economic one.

"All the ministers who participated in the discussion were of the opinion that as soon as there is an agreement to form an all-party government, they are ready to hand over their responsibilities to that government," said the office of Prime Minister Ranil Wickremesinghe, who has already offered to quit.