Sri Lanka President Gotabaya Rajapaksa has resigned following massive protests by the masses over the past week.

This marks the downfall of one of Asia’s most powerful political dynasties by a popular revolt.

Prime Minister Ranil Wickremesinghe will remain the acting president until a new leader of state is elected.

Rajapaksa is accused of mismanaging the economy, leading to severe hardships for its 22 million people.