Dubai: The International Cricket Council (ICC) on Tuesday confirmed that Bangladesh will host the 2016 Under-19 World Cup from January 22 to February 14.


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“The Board confirmed that the Bangladesh Cricket Board will host next year’s ICC U-19 Cricket World Cup from January 22 to 14 February,” ICC said in a release.


“As part of this decision, the Bangladesh Cricket Board (BCB), working in conjunction with its government, will be developing an appropriate security plan that addresses all security risks to the satisfaction of the ICC’s security advisor, working closely with the security advisors for the other members,” the release said.


ICC also approved an increased allocation of $65 million as the prize money for the top ranked Test sides and for men’s and women’s ICC events during the period of 2016-2023.


This represents a 41 percent increase in the total prize money paid to players compared to the previous eight-year cycle.


“In a decision to better reward the best performing Test teams, the board has doubled the prize money for sides that top the ICC Test Championship table each year at the April 1 cut-off date. As a result, the number one ranked Test team on April 1, 2016 will receive $1 million, up from $500,000 in 2015,” the release said.


ICC has approved changes to the format of the women’s World Cup 2017 to be hosted by the England and Wales Cricket Board. This event determines the best team in the 50-over ODI format.


"ICC chairman N.Srinivasan led a joint session of the board and the chief executives’ committee to discuss and identify ways to enhance the context and value of future bilateral cricket," the release said.


"The ICC’s management will now consult widely in respect of many of the areas that were discussed before presenting recommendations in due course under the directions of the ICC chairman," it said.