National Assembly Chairman Sri Lanka announced President Gotabaya Rajapaksa scheduled to resign next week.

To ensure the peace conversion process, the president said he would resign on July 13, Sri Lanka National Assembly Chairman Mahinda Abeywardana on July 9 said in a television statement.

Abeywardena said that the National Assembly will meet within 7 days to choose the president's right.

After a certain period of time, an election can be held for people to elect new National Assembly, he added.

People in some places in the capital Colombo burned fireworks to celebrate after hearing that President Rajapaksa plans to resign.

Sri Lanka Gotabaya Rajapaksa spoke at the Climate Change Summit in Scotland in November 2021.

The announcement came after the protesters rushed into the presidential palace and launched Prime Minister Ranil Wickremesinghe's private house in Colombo.

Prime Minister Wickremesinghe informed the ruling party leaders that he accepted to resign to pave the way to establish a new government with the participation of all parties.

Sri Lanka is in the worst economic crisis since independence in 1948. The country lacks a serious foreign exchange, causing the import of fuel, food and drugs to be limited.

Due to unable to pay foreign debts of up to US $ 51 billion, the Sri Lanka government in April announced his default and was negotiating with the International Monetary Fund (IMF) to ensure a relief package.

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Thousands of protesters flooded the streets in Sri Lanka, rushing into the Presidential Palace to express their discontent before the country's crisis.

From a tourist paradise, Sri Lanka was terrorized and Covid-19 devastated, losing an important revenue and gradually falling into a crisis of default.