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But she said a more effective debt restructuring process was also needed, and China had a big role to play. The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka's debt talks, but are still awaiting a reply. German Finance Minister Christian Lindner also joined the growing criticism of China's lack of timely participation in debt restructuring for lower-income countries. China has argued it would not take part in some cases unless the IMF and World Bank also took a haircut. Lindner told reporters he regretted that China had not accepted his invitation to participate in the G7 roundtable with African countries.

☆ We don't see the new energy aid package as inflationary at all, says Spanish minister
▼ + stars: | 2022-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe don't see the new energy aid package as inflationary at all, says Spanish ministerNadia Calvino, Spanish deputy prime minister and minister for economy, discusses the country's aid package to help people with soaring energy bills.

☆ IMF countries call for end to war in Ukraine; Russia blocks communique
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Oct 14 (Reuters) - International Monetary Fund member countries on Friday issued a near-unanimous call for Russia to end its war in Ukraine, the IMF's steering committee chair said, calling the conflict the single biggest factor fueling inflation and slowing the global economy. But Nadia Calvino, Spain's economy minister, told a news conference that Russia again blocked issuance of a joint communique during a meeting of the International Monetary and Financial Committee. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Lawder and Andrea Shalal; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ IMF meetings marked by push to end Ukraine war, Spain's finance minister says
▼ + stars: | 2022-10-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, Oct 13 (Reuters) - International Monetary Fund members are calling more strongly for an end to the war in Ukraine, which is having a sharply negative impact on global economic growth, Spanish Finance Minister Nadia Calvino told Reuters on Thursday. Calvino, elected in January to head the IMF's steering committee, said this week's annual meetings of the IMF and World Bank were marked by deep uncertainty about the war, which she said symbolized a "tectonic shift" in the principles that have guided the global world order since the end of World War Two. Calvino said the global nature of the overlapping challenges facing the world was a "wakeup call" about the importance of international institutions like the IMF. That's putting up reinsurance mechanisms, financial support mechanisms, debt relief mechanisms to protect the financial stability of the whole world," she said. Quota reform, another key demand of IMF critics and activists, would be addressed later, she said.

☆ Caixabank proposes sector-wide freeze in variable mortgage costs, source says
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

MADRID, Oct 11 (Reuters) - Caixabank (CABK.MC), Spain's biggest lender by domestic assets, has proposed a sector-wide measure to cushion the rise in payments on variable mortgage contracts for a year, a source with direct knowledge of the matter said on Tuesday. The source said that the proposal was being debated among lenders and could still change. Register now for FREE unlimited access to Reuters.com RegisterThe Spanish banking association (AEB), the country's economy ministry and Caixabank declined to comment. The association for savings banks CECA, of which Caixabank is a member, was not immediately available for comment. Caixabank is the market leader in the mortgage business in Spain with a 25.4% share as of June.

"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the BoE warned. One source at the Treasury said Kwarteng would not resign, and the government would not reverse its policy. A second person familiar with the situation said Truss still backed Kwarteng and they would announce further economic reforms soon. One source at the meeting said Kwarteng had asked the assembled finance bosses what they could do to calm markets. U.S. bond giant PIMCO said it would have less confidence in sterling than it did before last Friday's announcement.

"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the British central bank said. By 2:48pm (1348 GMT) it was trading down 0.5% at $1.0679, a fall of 12% in the last three months. The BoE said it would return to its plan to sell bonds and its launch was only postponed until the end of October. RESTORE ORDEROn Monday the BoE said it would not hesitate to raise interest rates and was monitoring markets "very closely". But the slide in bond prices continued unabated on Wednesday, prompting the BoE to make its move.

"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the central bank said in a statement that immediately eased pressures on soaring British government bond yields. The Bank of England said on Monday it would not hesitate to raise interest rates and was monitoring markets "very closely". Earlier on Wednesday 30-year British government bond yields rose above 5% for the first time since 2002. "An irresponsible, destructive fiscal policy." In his remarks on Tuesday, BoE Chief Economist Pill said financial market upheaval would have a big impact on the economy and would be factored into the Bank's next forecasts.

☆ A îmbrățișat un migrant și i-a dat să bea apă; În schimb a primit mesaje pline de ură pe paginile de socializare
▼ + stars: | 2021-05-23 | by ( ) www.jurnal.md time to read: +4 min

Tânăra de 20 de ani, Luna Reyes, a văzut că bărbatul era epuizat după ce a ieșit din mare pe o plajă din Ceuta și i-a dat să bea apă. Când a întins mână spre el, migrantul a îmbrățișat-o și a izbucnit în plâns. ”Nu suntem pregătiți să vedem așa ceva…Mi-a vorbit în franceză și a numărat pe degetele mâinii. Ochii lui erau foarte roșii” a povestit Luna, presei spaniole. Nu știe numele bărbatului, dar a văzut că era epuizat și i-a dat apă.

Persons: Luna Reyes, migrantul, Tânăra, Rita, Reyes, Nadia Calviño, Yolanda Díaz, Jagan Organizations: Associated Press, Crucii Roșii, Luna, RTVE, Federației Internaționale, Cruce Locations: com, înotând, Maroc, Ceuta, Spania, Senegal, Madrid, Semilună Roșie

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