Chinese Finance Minister, Central Bank governor to attend roundtable in India – IMF
China’s finance minister and its central bank governor will attend a roundtable with other creditors and some borrowing countries in February in India, IMF Managing Director Kristalina Georgieva said in a CBS 60 Minutes interview on Sunday.
“China has to change its policies because low income countries cannot pay,” she said.
“What we are working towards is to bring all creditors, the traditional creditors from advanced economies, new creditors like China, Saudi Arabia, India, as well as the private sector, and put them around the table with the debtor countries.”
Georgieva said last month the first such gathering will take place on the sidelines of a meeting of Group of 20 finance officials in India.
Georgieva, the first person from an emerging market economy to head the International Monetary Fund, has said debt relief was critical for heavily indebted nations to avoid cuts in social services and other repercussions.
“China is going to participate at the level of minister of finance and the governor of People’s Bank of China,” she told 60 Minutes.
(CNBC)
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Over 2,300 dead in Turkey quake
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A rescue operation is under way across much of southern Turkey and northern Syria following a huge earthquake that has killed more than 2,300 people.
The 7.8 magnitude quake struck near Gaziantep in the early hours of Monday while people were asleep.
A new 7.5-magnitude tremor hit at around 13:30 local time (10:30 GMT), which officials said was “not an aftershock”.
The country’s disaster agency says some 1,500 people were killed in Turkey alone after the first quake, and more than 5,300 were wounded.
Syrian authorities are reporting 810 dead and more than 2,000 injured, according to the AFP news agency.
Rescuers are racing to save people trapped beneath the rubble after hundreds of buildings collapsed in both countries.
World leaders have pledged to send aid after Turkey issued an international appeal for help.
Millions of people across Turkey, Syria, Lebanon, Cyprus and Israel felt the earthquake.
(BBC News)
China has rebuked the balloon incident saying China does not accept any groundless speculation or hype and opposes the practice of certain politicians and media in the US who use the incident to attack China even though China has explained clearly the balloon spotted in the US is a civilian airship designed for meteorological research purpose and made the unintended entry due to force majeure.
“China is a responsible country and has always strictly abided by international law. We do not accept any groundless speculation and hype,” Wang Yi, director of the Office of the Foreign Affairs Commission of the Central Committee of the Communist Party of China said in a phone conversation with US Secretary of State Antony Blinken late Friday.
During the phone conversation, they communicated on how to deal with the incident in a calm and professional manner. Wang said in face of unexpected situations, both sides should maintain focus, communicate in a timely manner, avoid misjudgments, and manage differences.
China’s foreign ministry also suggested that neither China nor the US has announced that there would be a visit by US Secretary of State Antony Blinken following news that Blinken has postponed his planned visit to China citing the balloon incident as an excuse. Although claims of a visit had been reported in media, China had not verified them.
Prior to Wang and Blinken’s talk, State Department spokesman Ned Price said that Blinken has postponed his visit to China due to the balloon incident and Blinken would be prepared to visit Beijing “as soon as conditions allow.”
(Excerpts : Global Times)
Pakistan’s former president General Pervez Musharraf, who seized power in a coup in 1999, has died aged 79.
The former leader – who was president between 2001 and 2008 – died after a long illness, a statement from the country’s army said.
He had survived numerous assassination attempts, and found himself on the front line of the struggle between militant Islamists and the West.
He supported the US “war on terror” after 9/11 despite domestic opposition.
In 2008 he suffered defeat in the polls and left the country six months later.
When he returned in 2013 to try to contest the election, he was arrested and barred from standing. He was charged with high treason and was sentenced to death in absentia only for the decision to be overturned less than a month later.
He left Pakistan for Dubai in 2016 to seek medical treatment and had been living in exile in the country ever since.
(BBC)