Colombo(PTI): Sri Lanka's embattled President Gotabaya Rajapaksa would resign on Wednesday, Parliament Speaker Mahinda Yapa Abeywardena said late Saturday night, hours after thousands of protesters stormed his official residence, blaming him for an unprecedented economic crisis that has brought the country to its knees.

President Rajapaksa informed the Speaker about this decision to quit after Abeywardena wrote to him seeking his resignation following the all-party meeting of leaders held Saturday evening.

The party leaders had demanded the immediate resignation of President Rajapaksa and Prime Minister Ranil Wickremesinghe to make way for Abeywardena to become acting president until Parliament appointed a successor.

Wickremesinghe, 73, has already expressed his willingness to resign. But an angry mob did not spare his private home here and set it on fire.

Rajapaksa, 73, responded to the Speaker's letter, saying he would quit on July 13. Rajapaksa became Sri Lankan President in November 2020.

Earlier, Speaker Abeywardena had asked President Rajapaksa and Prime Minister Wickremesinghe to resign immediately to make way for an all-party government after the country witnessed its biggest protest yet amid an unprecedented economic crisis.

Abeywardena in his letter to Rajapaksa, whose whereabouts are still not known, informed him about the outcome of the party leaders' meeting he had convened this evening after which Wickremesinghe offered to resign and form an all-party government.

He told Rajapaksa that party leaders wanted him and Wickremesinghe to resign immediately, Parliament to be convened in seven days to appoint an acting president, and appoint an interim all-party government under a new Prime Minister commanding majority in Parliament. It was also decided to call for elections within a short period of time and install a new government.

Rajapaksa appears to have gone underground in the face of massive public anger over an unprecedented economic crisis since the country became independent in 1948.

Earlier in the day, thousands of protesters stormed the official residence of President Rajapaksa. It is believed that President Rajapaksa left the house before the massive crowd arrived.

At least 45 people, including seven security personnel, were injured in clashes between security forces and the protesters some of them holding Sri Lankan flags and helmets - who had gathered in large numbers in the Fort area, demanding President Rajapaksa's resignation.

Sri Lanka, a country of 22 million people, is under the grip of an unprecedented economic turmoil, the worst in seven decades, crippled by an acute shortage of foreign exchange that has left it struggling to pay for essential imports of fuel, and other essentials.

The country, with an acute foreign currency crisis that resulted in foreign debt default, had announced in April that it is suspending nearly USD 7 billion foreign debt repayment due for this year out of about USD 25 billion due through 2026.

Sri Lanka's total foreign debt stands at USD 51 billion.

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Varanasi: Comedian Shyam Rangeela has finally filed his nomination papers as an independent candidate from the Varanasi parliamentary constituency on Tuesday, May 14, the last day of filing papers.

Rangeela, who intended to contest against Prime Minister Narendra Modi had alleged on Monday that he was being denied a nomination from the seat, as he along with several other candidates were reportedly made to wait for filling papers on May 10th and May 13th.

Shyam Rangeela, taking to his official ‘X’ handle, wrote, "With your love and support, I have completed all the requirements as per the rules and submitted the nomination. I also have full faith in the democracy of this country. Now the next two-three days are crucial. Thank you all very much for your cooperation. My electoral future rests in the hands of all election officials who are the custodians of our democracy. With the hope that they all strengthen our faith, Yours Shyam Rangeela.”

Alongside, Shyam, BJP candidate Narendra Modi, Log Party's Vinay Kumar Tripathi, BJP's Surendra Narayan Singh, independent candidates Dinesh Kumar Yadav, Reena Rai, Neha Jaiswal, Ajit Kumar Jaiswal, Ashok Kumar Pandey, Sandeep Tripathi filed their nomination papers on Tuesday.

According to the Election Commision of India, a total of 41 candidates have filed nomination papers from the Varanasi constituency.