ICC sets up $5mn fund to help member countries

Dubai, April 1 (IANS) The International Cricket Council (ICC) Board has the announced that it would set up a $5 million dollar fund to help countries play international cricket."The ICC Board agreed to set up a Member Support Fund for Cricket with $5 million being made available in grants to support the playing of international cricket," said an ICC statement on Thursday."The fund will be made available in form of a 'co-payment' contribution with a maximum grant of 50% being available for Members upon application," it said. Co-payment contribution is made by a body towards a covered service.The ICC could deduct this co-payment contribution from the money it gives to member countries, although it has not clarified this.The ICC had, in 2014, set up a Test cricket fund to help keep Test cricket alive across the countries.
--IANS kh/qma