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140 organizations worldwide ask IMF to issue $650 bn to help poor nations - newsfirst.lk - Usa - Sri Lanka - Russia - Argentina - Ukraine
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140 organizations worldwide ask IMF to issue $650 bn to help poor nations
COLOMBO (News 1st) – About 140 organizations worldwide asked the International Monetary Fund to issue at least $650 billion more in reserves to help its member nations grapple with “multiple historic, overlapping, and generally worsening crises.”Allocating more IMF reserve assets known as special drawing rights, or SDRs, “would immediately make hundreds of billions of dollars available to nearly all low- and middle-income IMF member countries without debt or conditions and only requires political will on the part of the fund’s board” the organizations said in a letter to the IMF’s board of governors and its executive board Thursday.Pressure is mounting on the IMF to act as the world’s most financially fragile countries, from Argentina to Ukraine, have burned through the extra IMF reserves they got last year, raising calls for a fresh injection to help them weather higher interest rates, food and fuel costs. In July, key Democratic congressional allies urged President Joe Biden’s administration to support a new injection of resources for countries at the IMF to help them deal with the fallout from Russia’s invasion of Ukraine.With 345 million people facing acute food insecurity — more than double the number in 2019 — and rising interest rates making it more expensive for nations to pay back their dollar-denominated debt as the greenback strengthens, mass anger is triggering instability in many countries and has even led to the ouster of leaders in nations such as Sri Lanka.Signatories to the Thursday letter include the International Chamber of Commerce and the AFL-CIO, the largest US labor federation.
Cristian Romero - Four Premier League players handed two game bans for breaking Covid quarantine rules - dailystar.co.uk - Argentina - Brazil
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Four Premier League players handed two game bans for breaking Covid quarantine rules
Premier League players have been banned by FIFA after breaking Covid regulations last year.Giovani Lo Celso, Christian Romero, Emiliano Martinez, and Emiliano Buendia have all been punished for their roles in Brazil and Argentina's World Cup qualification clash.The group had all dodged Brazil's Covid rules, which stated all arrivals must spend 14 days in quarantine after entering the country.However, the Premier League players all travelled from the hotel to the stadium with their national teammates.The resulting situation caused chaotic scenes when health officials stormed the pitch after six minutes to haul the players off for breaking the rules.FIFA released a statement: "After a thorough investigation of the various factual elements and in light of the applicable regulations."The FIFA Disciplinary Committee has decided that the match should be replayed on a date and at a location to be decided by FIFA."In addition, the FIFA Disciplinary Committee has concluded that the abandonment of the match stemmed from several deficiencies of the parties involved towards their respective responsibilities and/or obligations in connection with the former."As such, the FIFA Disciplinary Committee has also decided to suspend the Argentinian players Emiliano Buendía, Emiliano Martínez, Giovani Lo Celso and Cristian Romero for two matches each for not complying with the FIFA Return to Football International Match Protocol." What do you think of the punishment? Let us know in the comments section Both countries FA's have also been fined due to their failure to maintain order and security.Argentina have been hit with a £160,000 fine, while Brazil were ordered to fork over £300,000.The two nations will also pay an additional £40,000 fine
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