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Gotabaya Rajapaksa - Masatsugu Asakawa - ADB Chief pledges to support Sri Lanka’s development efforts - newsfirst.lk - Usa - Sri Lanka
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ADB Chief pledges to support Sri Lanka’s development efforts
COLOMBO (News 1st); Masatsugu Asakawa, President of the Asian Development Bank (ADB), stated with President Gotabaya Rajapaksa that the projects that have been implemented with the assistance of the ADB have made significant strides and he pledged to support Sri Lanka’s development efforts continuously.Asakawa made these remarks when he met with President Rajapaksa at the Presidential Secretariat, on Thursday (10).The ADB President also said that special attention will be paid to support small and medium scale enterprises as well as private sector entrepreneurial development.The Asian Development Bank (ADB) has provided US $ 750 million as concessional loans last year. Asakawa said that loans worth US $ 2 billion would be allocated for operational projects this year.The ADB President assured assistance in the efforts to revive the tourism sector in Sri Lanka and the development of human capital, which has suffered a setback due to the Covid-19 pandemic.The President thanked the ADB for providing nearly US $ 600 million worth of loans and financial assistance to Sri Lanka to mitigate the impact of the Covid-19 pandemic.The President said Sri Lanka seeks the assistance of the Asian Development Bank for green agriculture, renewable energy generation and foreign direct investment in industrial zones.The government aims to achieve 70% of the total energy generation from renewable sources.
Joe Biden - Jake Corman - Lawmakers call to end gas taxes across US amid price surge - fox29.com - Usa - state California - state Minnesota - Washington - state Pennsylvania - Russia - Georgia - state Michigan - state Wisconsin - state Colorado - state New Mexico - Ukraine
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Lawmakers call to end gas taxes across US amid price surge
WASHINGTON (AP) - With gas prices at record highs across the U.S., an increasing number of governors and state lawmakers are calling for the suspension of gas taxes to provide relief to motorists who are facing the prospect of even higher pump prices as the country cuts off Russian oil imports.Proposals for a "gas tax holiday" to counter inflation had been moving slowly in Congress and state capitols before Russia invaded Ukraine, but they have gained momentum this week amid surging prices that averaged $4.25 a gallon on Wednesday, according to AAA.Republican legislative leaders in Michigan and Pennsylvania announced proposals Wednesday to suspend or reduce state gas taxes. That came after the Republican governor of Georgia and Democratic governor of California both called for relief from state gas taxes Tuesday, when President Joe Biden ordered a ban on Russian oil imports.Meanwhile, the Democratic governors of Colorado, Michigan, Minnesota, New Mexico, Pennsylvania and Wisconsin sent a joint letter to congressional leaders urging them to support legislation suspending the federal government's 18.4-cent-a-gallon gas tax through 2022.Critics of the proposals say there is no guarantee the savings would get passed on to consumers and worry that suspending gas taxes could hurt funding for road projects.
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