Sri Lanka has received the first tranche of anIMF bailoutprogramme, PresidentRanil Wickremesinghetold parliament. The crisis-ridden island nation was scheduled to receive a $330 million tranche, the first part of a nearly $3 billion bailout approved by the (IMF).
The IMF bailout is expected to catalyse additional support to the tune of $3.75 billion from the likes of the World Bank, the Asian Development Bank and other lenders. It clears the way for Sri Lanka to rework a substantial part of its $84 billion worth of Public Debt.
Biodiversity, the totality and variety of our biological Resources, is crucial to the survival of the world. The United Nations Biodiversity Conference in Montreal, Canada, made a strong case for the value of our planets biodiversity. The 2030 commitment, which aims to stop and reverse biodiversity loss by protecting 30% of the worlds land and 30% of its Oceans by 2030, was ratified on December 19, 2022, by delegates from 188 nations
India is in a prime position to lead the world in becoming biodiversity champions because it currently has 17% of the worlds Population and 17% of the worlds biodiversity hotspots
According to the Convention on Biological Diversity (CBD), there may be as many as 13 million species, although only 1.75 million have been recognised yet, including a large number of insects