IMF strategy chief heads to China, to focus on speeding up debt treatments

WASHINGTON: IMF strategy chief Ceyla Pazarbasioglu said on Wednesday she will travel to China next week for high-level meetings with senior Chinese officials as the International Monetary Fund continues to press for quicker progress on debt restructurings for countries in need.

"It's really critical that we need to move forward. We are working on this. Of course the outreach to China next week is very important, at the highest levels," she told reporters, noting that President Xi Jinping alone had mentioned the framework in his remarks at the G20 summit in Indonesia. Pazarbasioglu said China was hosting a meeting of the"Premiere Plus," including international financial institutions and officials from China Development Bank and the Export-Import Bank of China. Such meetings used to take place regularly, but were cancelled during the height of the COVID-19 pandemic.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IMF and WTO leaders warn don't 'pull the plug' on global tradeThe leaders of the International Monetary Fund and the World Trade Organisation on Tuesday (Nov 29) warned against the negative impact of deglobalisation for the global economy, arguing instead for smart moves to diversify supply chains. IMF Managing Director Kristalina Georgieva, speaking after a meeting with German Chancellor Olaf Scholz, said globalization was facing its biggest challenge since World War...
Source: asiaonecom - 🏆 10. / 59 Read more »

Indonesia military chief seeks drills to counter ChinaIt wants to forge closer ties with Brunei and Malaysia that have disputes with China over claims to South China Sea. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Foxconn asks workers for referrals to replenish China plant's staffThe Apple supplier offers a cash award to staff who successfully recommend people to work at its Zhengzhou plant. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Russia and China carry out joint air force drillsMoscow is hoping to find common ground with Beijing as both have ambitions to surpass the US-led global order. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Foxconn asks workers for referrals to replenish China plant's staffSHANGHAI : Apple supplier Foxconn on Wednesday offered a 1,000 yuan ($141.11) award to staff who successfully recommend people to work at its plant in China's Zhengzhou city, as it tries to replenish depleted staff numbers there after recent unrest. The offer was made on the WeChat account belonging to th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »