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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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Dasun Shanaka denies political involvement

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Sri Lankan skipper Dasun Shanaka insisted that he has no links to any political party in the country.

In a Twitter message, Shanaka said that he has noticed his image being circulated in a political party propaganda.

“I’ve noticed my image circulating in a political party propaganda. I have no inclination with any party or ever have participated as an ambassador. My one true love and passion is playing cricket for my country,” he tweeted.

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No COVID-19 deaths yesterday

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No COVID-19 deaths have been confirmed yesterday (29) by the Director-General of Health Services.

Accordingly, the current COVID-19 death toll remains at 16,828.

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Racecourse murder : Boyfriend further remanded

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The university student who was held in remand custody for allegedly murdering his girlfriend with a sharp weapon at Race Course grounds in Colombo has been remanded further.

Taking up the case today (30) Colombo Chief Magistrate Prasanna Alwis ordered him to be further remanded till February 13.

The magisterial inquest into the death was held today before Colombo Chief Magistrate and

A testimony of the deceased’s father was recorded before Chief Magistrate and further magisterial inquiry was fixed for February 13.

The suspect was not produced before Court by prison authorities since he is currently receiving treatment at the Mental Health Unit of prison hospital.

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