Calm has returned to the streets of Sri Lanka's commercial capital Colombo and protesters were jubilant as President Gotabaya Rajapaksa agreed to resign after his house was stormed amid outrage over the South Asia nation's collapsing economy.
Sri Lanka's prime minister says its debt-laden economy has "collapsed" after months of shortages of food, fuel and electricity, and the South Asian island nation cannot even purchase imported oil.
Sri Lanka's Prime Minister Mahinda Rajapaksa has offered to resign amid the island nation's worst economic crisis since independence that has led to widespread protests, a government official says.
