COLOMBO—Sri Lanka’s President Gotabaya Rajapaksa will step down next Wednesday, the country’s parliamentary speaker said on Saturday, bowing to popular pressure after a day of violent protests in which demonstrators stormed the president’s official residence and set fire to the prime minister’s home in Colombo.
The announcement came after a dramatic escalation in months of largely peaceful anti-government protests over a dire economic crisis on the Indian Ocean island of 22 million people.
There was no immediate word from the president himself.
Speaker Mahinda Yapa Abeywardena said in a video statement Rajapaksa had informed him that he will step down from his post….