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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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Pope Francis leaves hospital

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Pope Francis has joked that he is “still alive” as he left hospital in Rome after a three-day stay.
He was admitted to Gemelli Hospital mid-week with breathing difficulties, and later diagnosed with bronchitis.

The Vatican had said he was responding to antibiotics and would be released on Saturday, depending on test results.

“I wasn’t frightened, I’m still alive,” the 86-year-old pontiff told reporters and tearful well wishers outside the hospital before being driven away.

He was seen smiling and waving from the car, before getting out to speak to a crowd. He then headed for the Vatican.

The Pope’s admission to hospital came ahead of the busiest week in the Christian calendar to mark Easter.

Holy Week, as it is known, includes a busy schedule of events and services that can be physically demanding.

Vatican spokesman Matteo Bruni said on Friday that the Pope was expected to take part in this weekend’s service for Palm Sunday.

“I can confirm that, since he is scheduled to leave the hospital tomorrow [Saturday], Pope Francis is expected to be present in St Peter’s Square on Sunday for the Eucharistic celebration of Palm Sunday, the Passion of the Lord,” Bruni said in a statement.

He added the Pope would return to Santa Marta, the papal residence within the Vatican, once he had left hospital.

The Argentine pontiff, who marked 10 years as head of the Catholic Church earlier this month, has suffered a number of health issues throughout his life, including having part of one of his lungs removed at age 21.

He has also used a wheelchair in recent months because of problems related to his knee.

But the Pope has remained active, visiting the Democratic Republic of Congo and South Sudan in February. The previous month, he led the funeral of his predecessor Pope Benedict XVI.

(BBC News)

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New COVID-19 cases surge in India

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India recorded 3,016 new COVID cases in the last 24 hours, almost a six-month high, the Health Ministry said on Thursday. 

It said that the daily positivity rate had spiked to 2.73% from just 1.51% the previous day. The last time the infection rate was so high was on October 2 last year, when India had reported 3,375 new COVID cases. 

The country’s active COVID caseload currently stands at 13,509, more than double the 6,350 infected people on March 20. The death count has increased to 5,30,862, with 14 deaths, including three reported by Maharashtra, two from Delhi and one reported by Himachal Pradesh in a span of 24 hours, as well as eight more reconciled by Kerala. More than 1.1 lakh COVID tests were conducted in the last day, Health Ministry data showed.

In the national capital, where the infection count had dropped to nil on January 16, 300 cases were recorded in the last 24 hours, leading the government to urge citizens not to panic but to use a mask. Additionally, Maharashtra reported a 63% jump in daily cases with 694 new infections on Thursday, also the highest for the State since October. Solapur and Sangli districts topped the positivity chartfor March in Maharashtra, with 20.05% and 17.47% rates respectively, the State health department said.

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Pope Francis hospitalised with respiratory infection

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Pope Francis has a respiratory infection and will need to spend a few days in hospital in Rome, the Vatican says.

The 86-year-old had breathing difficulties in recent days but does not have Covid, a statement said.

It said he would need “a few days of appropriate hospital medical therapy”.

“Pope Francis is touched by the many messages received and expresses his gratitude for the closeness and prayer,” the statement added.

His closest staff, including security, are expected to stay the night at the Gemelli Hospital, a person with direct knowledge told the BBC.

This is the busiest time of the year for Pope Francis, with many events and services scheduled ahead of Easter weekend.

A Palm Sunday Mass is scheduled this weekend, and Holy Week and Easter celebrations next week.

He is also scheduled to visit Hungary at the end of April.

On Wednesday morning, he presided over his weekly general audience in St Peter’s Square. He appeared in good spirits but was seen grimacing as he was helped into his vehicle.

The Vatican initially said the Pope had gone to hospital for a previously scheduled check-up, but Italian media have questioned this account after a television interview was cancelled at short notice.

Reacting to the news, President Joe Biden asked people to make an “extra prayer” for the Pope’s recovery.

Mr Biden, who is only the second Roman Catholic to be elected leader of the US, also described the pontiff as one of the “most Christ-like figures I’ve ever met”.

People in the Pope’s home city of Buenos Aires, Argentina, shared their feelings with Reuters news agency. One man, Daniel Saco, said the pontiff “must ask himself whether he can continue”.

“It is very sad because, as a Latin American, I feel represented by this Pope, who is very open-minded and human,” said Victoria Veira, who is originally from Brazil.

Anibal Pizelle, who met the Pope when he was bishop of Buenos Aires, said she was optimistic for a recovery as Francis was “physically and mentally strong” and a “person with enormous faith”.

The Pope has used a wheelchair in recent months because of mobility problems related to his knee.

He also underwent surgery to treat a colon problem in 2021. In January, he said the condition had returned.

Despite his ailments, the Pope has remained active and has undertaken trips abroad. He visited the Democratic Republic of Congo and South Sudan in February.

In January, the Pope led the funeral of his predecessor Pope Benedict XVI – who was the first pope to step down voluntarily for centuries. He said this was due to ill health.

Pope Francis has previously indicated that he may also wish to follow in Benedict’s footsteps in the event that his health deteriorates.

(BBC News)

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