India, July 15 -- The International Cricket Council has approved a USD 12.82 million loan for Cricket West Indies, offering crucial financial support to a board grappling with falling revenues, depleted cash reserves and another substantial loss projected for 2026.

The loan was sanctioned during the ICC's annual meetings in Edinburgh, with the governing body stating that the assistance was intended "to support the Member Board". However, neither the repayment period nor the interest rate, security arrangements, nor conditions attached to the funding have been disclosed.

The financial intervention comes at a difficult moment for West Indies cricket. CWI's audited accounts for the year ending September 30, 2025 showed an operating loss of...