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China agreed to form global sovereign debt roundtable – IMF chief

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Chinese officials have agreed to participate in a global sovereign debt roundtable that would include a wide variety of stakeholders, including private sector creditors, International Monetary Fund chief Kristalina Georgieva said last Thursday.

Chinese officials have agreed to participate in a global sovereign debt “roundtable” that would include a wide variety of stakeholders, including private sector creditors, International Monetary Fund chief Kristalina Georgieva said on Thursday.

Georgieva told an event hosted by the IMF that she was feeling “a bit more optimistic” about the prospects for dealing with major debt issues facing low- and middle-income countries after high-level meetings with Chinese authorities last week.

The IMF chief last week she had a “fruitful exchange” with her Chinese counterparts on the need to accelerate debt relief for countries like Zambia and Sri Lanka, adding that she saw “space for a platform for more systematic engagement on debt issues, where China can play an active role.”

On Thursday, Georgieva said she had a “very constructive engagement” with Chinese leaders on the debt issue during her meetings after repeated calls for reforms to accelerate debt treatments under the Group of 20 common framework and expand it to include middle-income countries.

U.S. Treasury Secretary Janet Yellen and other Western officials have expressed mounting frustration about what they see as foot-dragging by China, now the world’s largest sovereign creditor, in providing relief under the G20 framework.

China has argued that private creditors and multilateral development banks should be required to accept debt “haircuts” to make the process fair.

Source: Reuters

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2 drownings today

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Two drowning incidents have been reported today (May 13).

In one incident, one person had drowned while 03 others were reported missing while bathing in the sea off Wennappuwa today (May 13).

Police said four persons from Nuwara Eliya were reported missing while sea bathing and that one body was later recovered.

Search operations are continuing.

Meanwhile, two girls who had gone to bathe in the Palukadawala Tank in Galgamuwa, Kurunegala, have also drowned.

The girls, aged 12 and 17 had gone bathing while they were visiting a relative in the area.

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Police assure that belongings of Kotmale accident victims are safe

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Kotmale Police have stated that luggage, mobile phones and other belongings of the passengers on the bus that met with a tragic accident at Gerandi Ella are safe with them/

Kotmale Police OIC Chief Inspector Vajira Ratnayake stated that the villagers who assisted authorities at the time of the accident handed over the passengers’ belongings to the Police.

The OIC also stated that 35 mobile phones, luggage and other valuables have been kept safe at the police station and can be obtained after the identities of the claimants are verified.

Meanwhile, it is reported that the bus conductor’s ticket book and the money he had collected could not be found.

The OIC had also stated that the exact number of passengers on the bus could not be ascertained due to the death of the driver and the fact that the conductor was receiving treatment in hospital.

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PSL 2025 to resume on May 17

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PSL 2025 will resume on May 17, with the final on May 25. The announcement confirms the league will end a week after it was originally scheduled to conclude.

The four remaining group games will take place at the Rawalpindi Cricket Ground, with the playoffs and final in Lahore. Aside from one afternoon game in Rawalpindi – between Multan Sultans and Quetta Gladiators on 18 May, all fixtures take place at night, with evening games starting at 7:30pm local time.

“HBL PSL X picks up from where it left off,” he wrote in the post,” PCB chairman Mohsin Naqvi announced on X (formerly Twitter). “6 teams, 0 fear. Get ready for 8 thrilling matches starting 17th May, leading up to the Grand Final on 25th May. Best of luck to all the teams!”

The league, which was postponed due to increasing cross-border tensions with India, has eight games left.

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New IPL schedule announced

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