Sri Lanka President agrees to 'step down', PM's house set afire in protests

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Sri Lanka President agrees to 'step down', PM's house set afire in protests
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Sri Lankan President Gotabaya Rajapaksa agrees to step down, a decision that comes after protesters stormed his residence and set fire to the prime minister’s Colombo home in angry demonstrations over an economic crisis

Months of protests led to the climactic developments — and dramatic scenes — on Saturday, when Rajapaksa fled his official residence shortly before protesters overran the compound and stormed his nearby office.

After storming the gates of the presidential palace, hundreds could be seen in live broadcasts on social media walking through its rooms, with some among the boisterous crowd jumping into the compound's pool. Not long earlier, troops guarding the residence fired in the air to hold the crowd back until Rajapaksa was safely removed. Soon after, Rajapaksa's nearby seafront office also fell into the hands of protesters.

Sri Lanka has been reeling from a massive economic crisis that has triggered shortages of essentials and rolling blackouts, and led to skyrocketing prices.

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