Nepalese Prime Minister Jhala Nath Khanal speaks as he announces his resignation at the parliament in Kathmandu August 15, 2011. [Photo/Agencies]

KATHMANDU - Nepali Prime Minister Jhala Nath Khanal announced his resignation at the Legislature-Parliament session in the capital Kathmandu Monday afternoon.

During the addressing, the prime minister said that he tendered his resignation after his government failed to obtain estimated progress in the nation.

Reading out a written statement, Khanal claimed that the coalition government he led was successful. He, however, admitted that he could not facilitate the peace process, constitution- drafting and formation of a national unity government as envisioned by the five-point agreement as expected.

The prime minister had handed over his resignation letter to President Ram Baran Yadav on Sunday evening after six months and 11 days of his election as the Prime Minister.