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Sri Lanka Parliament speaker: President to resign Wednesday

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Protesters on Saturday broke into Sri Lanka's prime minister's private residence and set it on fire

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just hours after entering the country's presidential palace calling on  President Gotabaya Rajapaksa to step down over his handling of the  countrys economic crisis.

Driving the news: Sri Lankan Prime Minister Ranil Wickremesinghe earlier in the day agreed to resign from his post once all parties agree on forming a new government.

State of play: Earlier on Saturday, protesters broke into Rajapaksa' official residency. However, 

He had been evacuated before the protesters entered the premises, per Al Jazeera.