discussion hasn't there about the job that central banks do i mean during the financial crisis of more than a decade ago the question was should they be should they have been spending so much . to rescue these banks that were in trouble i mean are they are they clear enough in their guidance what's what's acceptable and what isn't so central bankers generally work with inflation targets so they particularly in more danced economies they set inflation targets which is an effectively a target for economic growth after we had the crisis a decade ago growth collapsed and if your target has a central bankers to bring inflation up to a certain level that means you have to get growth up to a certain level which led them to effectively throw the rule book out and try and hold. a ray of things which hadn't been done before to try and get growth back up so you could call it populist you could also call it them trying to meet their aim which is to have a certain stable level of growth so you could you could probably criticize them of

having not done enough prior to the crisis which actually led the crisis to happen so they probably allowed too much growth to happen in the preceding years which which led to the problem and as far as the in the implications of the global economy we have the i.m.f. warning of slowing growth what are what are the main areas of concern for you sure so the i.m.f. has just announced this this very recently but actually the world economy has been slowing for several months or several quarters depending on depending on where you look at so europe is probably the part of the world which which is seeing some of the deeper slowdown germany is struggling and the manufacturing economy within that the automotive sector which as supply chains globally has has been struggling france is slower italy is slower so europe has issues the u.s. which has been on on a very good path has recently started to slow an economy can only grow to a certain extent when the central bankers. increased interest rates eight or nine

times of the preceding two years until it eventually starts getting up and also the other issue which the u.s. economy and the chinese economy which is obviously critical is the trade war and the uncertainty that that has brought about as a result of companies both in the u.s. and in china and globally who have supply chains in both countries and have delayed investment decisions and that has a spillover effect and similarly you've seen the same thing happen in the u.k. in europe with the uncertainty around breaks it and as far as this region we're here in doha and as you know there is this ongoing economic blockade on qatar by a number of countries in the region what can we expect there going for sure so the blockade obviously is now about two years old and and and while that was it was a shock to the system for the for the local economy undoubtedly it would be for any i think that's very much behind us the the initial issues were to do with supply chains with for the country domestically as to where inputs were coming from.

there was never an issue of exports i think what's happened is that those supply chains have been rejigged relatively successfully some imports have been substituted for local production the net result is that i think it's very much behind us now the question is about looking to the future and and arthur is taken some pretty aggressive steps to announce that it will be actually increasing its output by forty percent by the end of twenty twenty five which will cement its dominance of the global energy industry. that is obviously a very significant benefit and boost there are a few other milestones that will be coming through before that expansion of further petrochemical output and then we have world cup football world cup in two hundred twenty two which will clearly have a positive impact on the economy probably in the twelve eighteen months preceding it so the outlook is certainly brightening over the next five to seven years and it leaves quite they're actually now looking at things in a stay. very different light to where they were two years ago i took on good to

talk to you thank you now humanitarian aid and the politics behind it have been at the center of venezuela's ongoing crisis and now after years of refusing to accept international aid the government has given the red cross the green light to import and distribute food medicine and hospital equipment for those most in need but the waiting list is long to see a new report. this refuge in northwestern venezuela is home to sixty seven children and young adults with disabilities who have nowhere else to go yet most of the residents were born with mental retardation severe autism or varying degrees of cerebral paralysis all of which required medical treatment i mean see many coming from you if they don't get their medication and they have come while chance or have acute anxiety they fall down they're frightened but there is a severe shortage of treatments which are an affordable now we're all suffering.

the home is run by the catholic church with volunteers and donations government subsidies stopped years ago many families here northwestern a lot of states are struggling just to feed their families and can't cope with a child with special needs but the institution says it doesn't have the means to take in anymore like many here hydro was born with cerebral paralysis that's a disorder of movement and muscle tone which means he is confined to a wheelchair but if there was proper specialized treatment physiotherapy he could probably move a lot better perhaps even walk the problem is there's absolutely no budget for that . in fact the institution can barely afford food and salaries for the nurses even electricity and water has become a luxury in this part of the country with constant power blackouts classes suspended so therapists do what they can to keep the residents occupied.

if we demand that the government open the doors to monitoring we need a desperate on their people dying because there are no resources no medicine or quitman to treat the ill. father bit uncool says that in the thirty six years that he's been here he's never felt so unable to provide for youngsters who have already been dealt a difficult hand. children like ten year old jonathan rojas a bright incurious boy who was born with hydrocephalus it requires treatment but under other circumstances he could expect to live a normal life. right now the only hope for him and the others is the arrival of international aid and as everyone here will tell you it can't come fast enough. now sixteen thousand workers at what was india's second largest airline are hoping to save their jobs jet airways has grounded all flights because it's run out of

money managers saddled with more than a billion dollars of debt trying to find a way to get back in the air fares dimia reports from new delhi. they're fighting for their livelihoods airways employees haven't been paid in months some not since last august and been taking a toll on them and their families education of children suffering parents says is not. the way it was because all the. things are. bad from here. here is my son is the. result of. so if i point out that really it really got into this situation i wouldn't have brought him in this. once considered india's premier private airline it suffered financial difficulties for years coming close to collapse in two thousand and thirteen until the hot air. ways bought

a twenty four percent stake in fusing you cash and life into the airline but new low cost domestic carriers have continued to eat into jet airways market share and profits formally announce the first and jets founder in a race go well was forced to step down from the board in march after being criticised for continuing to spend on planes in premier landing slots as the airlines debts were piling up. for passengers in india the grounding of jet is expected to lead to higher airfares but aviation analysts say that will be temporary and is one of the. growing. then of the most. in some form of. not experiencing that kind of growth so i don't want to see that more than four to six months. will be required to come out of the capacity gap. but that's little comfort for the tens of thousands of jet employees who stuck with the company despite working on paid on the day i'm still in so many of them has

given everything to us and savvy on things a lot of things it seems i mean let's be there you don't know what happened it's been very uncertain but he has a lot of these to me and the same because many of these times because it is the former governor many hope their years of service in what was called in the considered a dream job would not have been in vain anyone with a flight booking received a cancellation email early on thursday the airline will now have to wait for the outcome of a round of bidding by potential buyers on may tenth to get an idea of what the future may be in the meantime jet airways employees can only wait and hope the airline will take off again says jimmy all al-jazeera new delhi. well joining me now from les that is a poor former head of corporate communications at qatar airways and he had thanks very much for being with us so some many balls up in the air here the company's former owner he had indigo cattle or interested in saving this airline who's.

well thank you so much as i'm basically obviously to mention there's a lot of interested parties but it's taking quite some time. i think the bidders have until middle of may to express their real interest and put forward a bit. strangely enough i mean we've got indigo which is an interesting one which has interest in other airlines around the world but my bet in a way seems to be on it i had my former employer despite the fact that there's a lot in the press about their investments have gone wrong collapse of airlines i'm invested in this is that this is an interesting one because it had a lot to lose because the the end invested in ways five years ago on the basis of entering a big market india is a massive market today it's worth one hundred thirty five million passengers a year in the next two years is likely to increase by fifty percent so for ettie had around fifty percent of their traffic from abu dhabi to rest of the world is actually indian traffic so they have

a lot to lose if they don't actually invest in jet airways and increase their investment and captures a large slice of the market but just taking a step back then for a moment where did it all go wrong for jet airways and is there are a danger that air india could be next well if i touch on air india that's always been a danger the government tried to privatisation india many years ago and even last year not a single investor came forward the reason for that is simple it's a large entity heavily unionized a large number of staff a public enterprise and they're just not a very efficient airline coming to jet i think it all started as far back as two thousand and six when jet airways invested in or spent five hundred million dollars cash on a competitor in the domestic market sadly that airline that that investment failed simply because it was a low cost airline jet airways. invest

a low cost airline it was not in the business of low costs so gradually and gradually their market share eroded as other carriers port came into the market you have the likes of indigo low cost. low cost and spice at low cost and in the last five years you've had another airline call vistar a full service airline which is coming to the market and taken market share domestically and they are likely to go international but despite the fact the competition came in jet airways really really did not keep up with the times you have a management there is a very structured management did not change did not look at what's happening in the market for that that you've had fuel prices ok fuel prices have actually gone down gone down over the years but the weak rupee against the dollar has actually impacted revenue so why was kingfisher allowed to fold but banks are willing to say jet airways well we kingfisher it was an airline that was set up. united

breweries many many years ago. this airline folded in two thousand and twelve i don't think the banks actually realize the extent of the problems that kingfisher faced a lot of isis a one point six billion dollar debt that kingfisher had huge debt and banks as they did not realize how much of an impact that would have on the business how much how how they would be able to recover that that lost money and as we've seen. left the country he's in the u.k. he's facing extradition so it's a bit of a lesson to be learned in the situation now this several situ of several things that come into play were actually election time yet right now election year obviously the government wants to keep the airline afloat it's not their airline it's a private airline they want to keep jet airways afloat but they can't invest that pleaded with the banks the banks want to recover money there's one point two billion dollar debt. which is waiting to be recovered. that's

a lot of money so the banks a lot of interest in the banks to actually recover that money and they will go all out to try and recover that somehow whether it's selling assets. the challenge here is a lot of the aircraft the jets have are not owned by jet airways they're actually owned by leasing companies so what you see in the last few weeks of those leasing companies are direct so those planes in the hope of actually recovering those planes and leasing them to other airlines so that's actually not capital that belongs to jet they're actually renting those aircraft however to keep the business running of the last few years what jet has been doing is been plowing in money by by borrowing money from the banks by borrowing money from ent other entities and that's a challenge so the banks actually have to try and recover that money in the best possible way but dish kapoor thanks very much for being with us thank you very much and that is our show for this week remember you can get in touch with us by tweeting me at has i'm seeking and do you use the hash tag a j c t c when you do or drop us an e-mail counting the cost that you see in

a dot net is our address and there's more for you online at al-jazeera dot com slash c.t.c. that will take you straight to our page which has individual reports links and entire episodes for you to catch up on that is it for this edition of counting the cost and as i'm seeking from the whole team here thanks for joining us the news on educator is next. panty fascist anti establishment and pro violence despite the recent official disbanding of its militarized wing a basque separatist movement is found alive and well on the terraces of a build valve stadia. a place where political revolutionaries share

a platform an ideology with violent football hooligans. and read all the death on al-jazeera. police in sri lanka diffuse a ball mad day after a series of attacks killed two hundred ninety people. hello i'm sure with their life and also coming up we've made our demands very clear

to the ayatollah and his cronies. a new warning for iran as the u.s. announces sanctions on anyone buying tehran's oil bottle. to dance protesters step up their calls for civilian rule after suspending talks with the military. mali has a new prime minister and dying days of political uncertainty. drunkard's government has announced a nationwide emergency starting at midnight this will give police and the military extensive powers to detain and interrogate its after at least two hundred ninety people were killed in attacks across the country on sunday alexy o'brian reports. another blast in colombo outside center and in the shrine the bomb squad had been

working to defuse an explosive found in a van when it blew up you one of the targets of the coordinated attacks on easter sunday. other explosives were found near the city's main bus station. sri lanka is a nation on edge after the worst violence since the end of its civil war teen years ago. outside this hospital in the capital by white and a heavily armed guard hoping for news of their family and friends to begin she went to church yesterday we kept calling her off there we heard of the incident but there was no response that is why we came here first thing in the morning. priests join the crowds gathering outside the morgue to identify the bodies these scenes are repeated across the country struggling to come to terms with not only the devastating bombings in churches and hotels but the news that there was information

that an attack was imminent. he. became the chief of intelligence wrote a letter to the police officials where he mentioned many names of the members of the terrorist organization but those letters have not been copied to the prime minister and the president the prime minister has not been informed about the letters and these revelations this letter indicates that the leader of it has planned a series of attacks in this country the government says the breakdown in communications being investigated there's been a rift between the prime minister and the president since late last year. now rival factions are blaming each other for the attack at the health minister links to a lesson known local group called the national tower he jamaat the inquiry will look at where they were saved advice all money from overseas security forces have been conducting raids and making arrests and the government says it will bring emergency powers he investigates is called the shattered remains of st sebastian

church just outside the capital the walls of this house of prayer stained with shrapnel and the blood of the victims'. families are not really was a rarity the government says tuesday will be a national day of mourning it's apologized to families of the victims and announced compensation but along with deep sadness there is also growing anger that these attacks may have been prevented. brian al jazeera. more now from our correspondent men now from mendez in colombo. the streets of colombo and around the country becoming deserted once again as a police curfew island wide has kicked in it will continue till the early hours of tuesday morning till four o'clock and a second day basically following the docilely attacks coordinated attacks that that basically came so many lives not today we're also seeing the introduction of

a limited emergency according to the government bringing in clauses under the prevention of terrorism this exists is expected to give police and the military a wider palette of options when detaining into gating and questioning suspects that being their top priority to get down to the bottom of what happened on sunday and who is behind it events continuing to deal with the detection of a package of abandoned detonators found in the heart of the city also a controlled explosion on a car that was loaded with explosives lead to a fairly big explosion so all of these things pointing to the need of the authorities to get a handle on the situation and do it fast the u.s. has announced little impose sanctions on any country purchasing iranian oil secretary of state said waivers that have made it possible for some countries to purchase or from iran also avoiding sanctions won't be renewed when they expire

next month china japan and turkey are among the countries affected. with the announcement today we've made clear our seriousness of purpose we are going to zero we how long we remain there at zero depends soley on the islamic republic of iran senior leaders we've made our demands very clear to the ayatollah and his cronies and your pursuit of nuclear weapons stop testing and political ballistic missiles stop sponsoring and committing terrorism halt the arbitrary detention of us citizens our pressure is aimed at fulfilling these demands and others and i will continue to accelerate until iran is willing to address them at the negotiating table more now from our correspondent zain verjee is in the iranian capital tehran . in anticipation of pompei was announcement all day we've heard a statement from the oil ministry earlier today and unnamed source in the oil

ministry said that the united states has been unable to reduce iran's oil exports to zero and will be unable to down the line well into the future defined rhetoric we've heard from the oil ministry more or less for most of the day in the last hour we heard a statement from the foreign ministry let me read a piece of it to you the new foreign ministry spokesman abbas mousavi said in a statement considering the basic u.s. sanctions were illegal the islamist republic of iran it did not and does not attach any importance to these waivers yet regarding the possible negative impacts and the increased impacts on iran the government the foreign ministry will be working with domestic and international partners and crew including the european union to try to come up with solutions and the statement goes on to say that that will be fed back to the supreme authorities and a decision an appropriate decision will be passed and made public now bear with me i'm going to try to explain why this very bureaucratic government speech style statement does give us a sense of what iran is going through most of these predecessor was often known to

respond to u.s. accusations and statements and comments of decisions by saying it's not worth it to respond to those statements or accusations or decisions this is really just another way of the foreign ministry saying the same thing even with their spokesman and what's interesting is here it gives you a sense of the fact that iran is truly cornered by the united states that many people would say expertly cornered and there's not much else they can do other than keep calm and carry on. but as zain just mentioned china says it will continue buying iranian oil despite threats and sanctions from the u.s. katrina you has mall from beijing. china's foreign ministry spokesperson lu khan told reporters today the china consistently opposes any unilateral sanctions from the u.s. on iran and that any trade it has of the run is in accordance with the law now beijing's ties to terror are very strong while other countries across europe and asia have backed away from their relationship with the country china sea and so

have only strengthened it iran is one of the major participants in its belton road initiative and oil is a very big part of this relationship china is the biggest buyer of a rainy and for oil now china along with a few other countries received a waiver from the u.s. to continue buying oil until the beginning of may but unlike other countries such as italy or greece china has not significantly reduced its own purchase of a raining or oil and every year it's estimated to buy about fifty billion dollars worth of iranian or now china has a huge energy demands and it really need to this oil its own supplies of oil i think drilling in recent years and because of this it's unlikely that they will heed any warnings from washington to stop purchasing iranian crude oil now what this is likely to do is further strain the relationship between washington and beijing and that's not a good thing because these two countries a currently locked in intensive discussions trying to end trade tensions trying to

end a tit for tat escalation entire of search began since last year and these any tensions could also endanger any cooperation when it comes to denuclearize ation on the korean peninsula they jim is pyongyang's main ally and beijing supported any talks between the u.s. and north korea when it comes to really ending the development of nuclear weapons is crucial. sudan's military council has a lot of people to stop blocking roads and let police do their job the warning came after protesters suspended talks with the councils a coalition of opposition parties is demanding an immediate end to military rule and the establishment of a civilian government morgan has more from khartoum. the protesters on the ground and the coalition of freedom and change which includes the sudanese professionals association the body that has been spearheading calls for protests over the past four months have been saying that the military council shall said president bashir

is not keen is not eager to hand over power to a civilian government they're saying that the military council is trying to delay and is using delay tactics is trying to put the political parties against each other some political parties have said that they don't mind the military council supervising the transitional government that will be formed and others are saying that they don't mind the military council being part of that government so the people at the protesters and it's organizers are saying that they feel that the military council is not keen to have a part an independent civilian transitional government which is why they've suspended the talks yesterday now we've heard from protesters there saying that they are ok with the decision that they are there organizes the coalition have made and they're ok with the tone but they are concerned that it might escalate that the military may eventually force the protesters to end their sit in front of the army headquarters that has been going on for three weeks now the protesters are not giving a chance for anyone to move those barricades for them it's a symbol of the resistance that they've started more than two weeks ago they're

saying that they will not let anybody remove those barbaric aides whether it's the villains or whether it's security or whether it's military. police in algeria of arrested five billionaires as part of an anti corruption investigation those arrested are said to be close to the former president abilities beautifully who resigned earlier this month the months of protests demanding change the former prime minister and the current finance minister have also been ordered to appear in court. as a third and final day of voting in egypt's constitutional referendum which could extend president of the cc's term in office until twenty thirty the official results are expected to be announced on tuesday but rights groups say the referendum will be neither free nor fair if approved the changes could allow the president to appoint top judges and expand the role of the already powerful military.