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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.
Sri Lankans - Four of seven Sri Lankans in Ukraine are medical students - newsfirst.lk - Sri Lanka - Britain - Russia - Ukraine - region Kharkiv
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Four of seven Sri Lankans in Ukraine are medical students
COLOMBO (News 1st) – Four out of the seven Sri Lankans who were held captive by Russian forces in Ukraine have been identified as medical students in the city of Kupiansk, while the other three were identified as workers.This information is being revealed in contrast to the rumors circulating with regard to the captured Sri Lankans being illegal immigrants, and the Ukrainian President Zelenskyy's brief about the seven Sri Lankans being medical students.A report by the Associated Press citing a press conference held at Kharkiv Police states that the Sri Lankans were tortured at a factory in the area which was captured by Russian forces, and were beaten, mainly because they could not understad the language.The former captives include Nilojan Vasanthakumar, 20, Uthayakamar Mary Edid Prema, 50, Sharujan Gianeswaran, 25, Thinees Jokenthhiran, 34, Dilukshan Robertclive, 25, Dilujan Paththinajakan, 20 and Ainkaranathan Ganesamoorthi, 38.According to the captured Sri Lankans, six among the group were held in a large upstairs room, while the seventh, the only woman, was kept in a dark cell by herself. On 17th September, the Ukrainian President Voldomyr Zelenskyy in his briefing noted that seven Sri Lankan students were found in 'torture chambers' where civilians were abused by Russian soldiers in areas of the Kharkiv region in Ukraine. One man said he was shot in the foot by the Russian captors. Another had a toenail ripped off after the soldiers repeatedly bashed it with the butt of a rifle.“Every day we were cleaning toilets and bathrooms,” Dilukshan Robertclive, one of the former captives, said in English.
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