Nepal's prime minister resigns just before no confidence vote
Nepal's Prime Minister K.P. Oli resigned on July 24, nine months after coming to power and minutes before parliament was to vote on a no confidence motion he was likely to lose.
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Oli's departure plunges the Himalyan country, plagued by political turmoil for years, into a whole new round of political uncertainty.
This is the country's 23rd government to fall since a multi-party democracy began in 1990 after bloody protests, and the political tumult has weighed on business confidence.
The no-confidence motion was brought by former Maoist rebels who propped up the Oli-led government last October, but fell out with him after accusing him of failing to honour a power-sharing deal.
Oli's former allies also accused him of failing to address political concerns of Nepal's ethnic Madhesi minority, who live in the country's southern plains that border India.
"I have already submitted my resignation to the President when I met her before coming to the house," said Oli in a speech in parliament after being deserted by his allies ahead of the scheduled no confidence vote.
