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Chinese Finance Minister, Central Bank governor to attend roundtable in India – IMF

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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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Israel agrees to ceasefire proposal

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The Israeli government has said it agreed to the ceasefire proposal after “achieving the objectives” of its attacks on Iran.
According to the statement, Israel has removed Iran’s “dual immediate existential threat” from nuclear weapons and ballistic missiles.

It also says Israel has “inflicted severe damage on the military leadership, and destroyed dozens of central Iranian government targets”.

The statement goes on to say that Israeli forces, in the last day, have “severely struck government targets in the heart of Tehran, eliminating hundreds of Basij operatives” – a militia the Iranian government often uses to suppress protests – and “eliminating another senior nuclear scientist”.

“Israel thanks President Trump and the United States for their support in defence and their participation in eliminating the Iranian nuclear threat,” the statement adds.

Earlier, Iran state TV news channel IRINN says a ceasefire has been “imposed” on Israel following the “successful” Iranian attack on the US base in Qatar.

State TV said in a statement that Trump “begged” for a ceasefire following Iran’s attack. The statement was read aloud by the presenter.

The statement also hailed Iran’s Islamic Revolutionary Guard Corps (IRGC) and the Army and praised the “resistance” of Iranians.

The statement also called Iran’s attack on the US base in Qatar as the Islamic Revolutionary Guard Corps’ “successful” response to the US attacking three Iranian nuclear sites, while Qatar said all missiles were intercepted.

(Excerpts : BBC News)

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Trump says Iran – Israel have agreed to a ceasefire

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US President Donald Trump has announced a “complete and total” ceasefire between Israel and Iran on social media.

Trump says the ceasefire will begin “in approximately six hours from now” after each country has “wound down” their military operations.

Trump’s announcement contains a periodic unravelling of hostilities but says that “upon the 24th hour” the war will officially end.

Meanwhile, Iran’s foreign minister, Seyed Abbas Araghchi, has posted on X saying there is “no agreement of any ceasefire or cessation of military operations.”

“”As Iran has repeatedly made clear: Israel launched war on Iran, not the other way around…However, provided that the Israeli regime stops its illegal aggression against the Iranian people no later than 4 am Tehran time, we have no intention to continue our response afterwards,: he has added.

“The final decision on the cessation of our military operations will be made later,” he has further said.

Meanwhile, Reuters have reported citing a senior White House official as saying that President Donald Trump brokered a ceasefire between Israel and Iran through talks with Israeli Prime Minister Benjamin Netanyahu on Monday while his team, including Vice President JD Vance, held talks with Tehran.

The official, providing details of the ceasefire on condition of anonymity, has said Israel agreed to it so long as Iran does not launch fresh attacks.

(Agencies)

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Qatar, Kuwait, Bahrain close airspaces

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Iran has launched missiles at a US airbase in Qatar in response to strikes on its nuclear sites on Saturday.

Qatar confirms the attack on the US-run Al Udeid base, calling it a “flagrant violation” and says it reserves the right to respond directly.

The country has temporarily closed its airspace and US and UK citizens have been advised to shelter in place.

Meanwhile, Kuwait and Bahrain have also closed their respective airspaces.

(Agencies)

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