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Showing posts with the label funding

Sri Lanka Doesn’t Get World Bank Aid Without Proper Structural Changes In Economy

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Sri Lanka isn’t getting any help from the World Bank. The world lending agency has shown deep concern over the economic situation of the country, but it has also made it clear that it has no intentions of extending more funding, unless there is some development in the way the democratic setup of the country is put back on track. A robust ‘macroeconomic framework’ is the need of the hour as suggested by the UN led World Bank in its twitter message. Deep structural reform is needed to ensure the worthy 22 million starving and suffering Sri Lankans are taken care of. Corruption within the ranks has been seen as the major reason for the drain of funds and no economic growth. While the World Bank isn’t going to lend any money for the economy to run, it has shown clemency and diverted US$160 million from existing loans to finance urgently needed medicines, cooking gas and school meals. People have been forced to buy low quality food. There is dearth of fuel and long queues have left pe...

Why Is Funding Missing?

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An Australian non profit that is working to provide protection to women and  children against domestic violence has been let down by government without funding  A company that has developed technology on a smart watch for greater good is awaiting funding. They are 100 th on the list and they are running out of time. The smart watch can be worn by women and children and protects them against physical violence. Such cases have surged in times of pandemic and lockdown. This secret and secure technology can be programmed into any smart watch, developed by StandbyU Foundation. But now, the organization has no money to promote and use its technological innovation and awaits funding. At the click of a button on the watch, this self-help technology activates an alert, allowing chosen support networks to listen in, find the victim and organize help for them. The technology can both be integrated into smart watches and devices with sims where calls can also be made. After res...