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Kristalina Georgieva - David Malpass - IMF’s Georgieva to press for quicker action on debt relief with China - newsfirst.lk - China - city Beijing
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IMF’s Georgieva to press for quicker action on debt relief with China
(Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that she will travel to Beijing next week with heads of other international institutions to press for quicker action on debt relief for poor and developing countries.The meetings with the country's leadership will focus on China's economic, COVID-19 and debt relief policies and will include officials from China Development Bank and the Export-Import Bank of China, the IMF said."This is the first time, hopefully, we will be able to sit together and discuss the very pressing issues that China, and the world are faced with," Georgieva told the Reuters NEXT conference.Georgieva said that during the Beijing meetings she intends to discuss ways to accelerate China's participation in debt relief for poor and developing countries as the world's largest official bilateral creditor."I am very hopeful that when we have a chance next week to discuss these issues, we will continue on a path of finding better solutions and strengthening the capacity of the common framework to deliver," she said, referring to G20 countries' slow-to-launch common debt restructuring framework.World Bank President David Malpass told the conference that he would join the discussions in Beijing, along with officials from the World Trade Organization, Organization for Economic Cooperation and Development and others.Georgieva and Malpass have both called for reforms of the common framework to offer heavily indebted countries a freeze in debt service payments when they apply for debt relief and clearer timelines for reaching agreement on debt treatments.Asked if China's slowing growth would limit its appetite for agreeing to debt reductions, Georgieva said she hoped
Winter Olympic - China remains the most sincere and reliable friend of Sri Lanka – Ambassador - newsfirst.lk - China - city Beijing - Taiwan - Sri Lanka
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China remains the most sincere and reliable friend of Sri Lanka – Ambassador
COLOMBO (News 1st) – China is a most sincere and reliable friend of Sri Lanka, notes the Ambassador Qi Zhenhong in a statement released by the Embassy in commemoration of the 73rd anniversary of the founding of the People’s Republic of China.The Ambassador also visited several key Chinese enterprises and projects in Sri Lanka to meet with the local and the Chinese staff to pass wishes for the National Day holiday in China.The full statement of the Chinese Embassy is as follows:On the 73rd anniversary of the founding of the People’s Republic of China, and with the approaching of the 20th National Congress of the Communist Party of China, I would like to wish the country prosperity and progress, our people health and happiness, and best regards to all the Chinese fellow citizens working, studying and living in Sri Lanka! I would also like to extend my heartfelt thanks to our Sri Lankan friends from all walks of life, who have always been following and supporting the development of China and China-Sri Lanka relations!In the past year, the world has gone through tremendous changes. Under the strong leadership of CPC Central Committee with Comrade Xi Jinping as the core, we have overcome adverse effects brought by complexed international challenges,sporadic outbreaks of COVID-19 pandemic and unpredictable earthquakes, floods and droughts, and China’s economy has maintained a stabilized and increasing momentum with much potential to be released.
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