show that at least 10 percent of current bank holdings are transferred into these e commerce or a wallet, as they call it the in ira. now, will the traditional banks agree to that? that is a very interesting proposal. people are watching closely to see how these banks when react to this. ok. hello again. the headlines on al jazeera sedans. doctor's committee says 3 protesters have been killed by the army and 80 people have been injured after colds for a civil disobedience in response to mondays, military coup, thousands of people on the streets of the capital, hard tomb, and other cities, demanding an end to military rule general, the fact the halbert han says he acted to rescue a country in turmoil, and that elections will still happen scheduled next year. but he says to don wasn't turmoil, and the military had a constitutional judy to intervene. hulma due to god,

we dissolve the sovereign counsel and the cabinet to put an end to the men, jobs and under secretaries. and the state governors will revise everything and will take decisions to watch everything we do every want to abide by the agreement of june 2020 stress because some of our people in east have their own sufferings. and we are quite sure that justice and peace must prevail. we must work hard to reach lasting solution for our people. with clear us embassy and hard to called on all actors who are disrupting sedans, transition to stand down and allow the civilian lead transitional government to continue its important work to achieve the goals of the revolution. in other news, turkeys presidents is welcomed remarks by 10 western embassy saying bill abide by diplomatic treaties, reggie tiber, tuan, had earlier said, be ambassador, as must be declared persona non grata which would strip them of their diplomatic status and immunity. it was in response to the us and others issuing

a joint statement, calling for the release of jail business line. osmond caballo. the un says of got to start is on the brink of one of the world's worst humanitarian crises. and millions of people could die because of food shortages. the un food program is asking world leaders to take action and released billions of dollars a frozen humanitarian donations. israel supreme court has postponed a decision on an appeal by a palestinian family against forced eviction from their home and occupied eastern. still. m a 100 families are at risk of losing their homes because the conviction to bite is really settlers. a law enacted by the can, i said allows jews, but not palestinians to reclaim land. last than the 1948 war. those are the headlines counting, the cost is coming up next. thanks for watching. bye bye. for now. me. ah,

ah ah ah, ah, ah, hello, i'm come all santa maria, this is counting the costs. you know, we can look at the well, the business and economics on al jazeera, the 3 banking pinion from poor countries. a g 20 debt deal to low income nations to cope with the pandemic, failed to live up to expectations. and not only are rich countries benefiting private investors, refusing to take part and a caching in also this week, a set back for the fight against forced and child labor. it's on the rise, and it's west and consumers and brands to blame as factories and the manufacturing have to try to keep up with demands and will take you to columbia notorious as the

world's largest supplier of cocaine, and now with designs to become the biggest exporter of medical marijuana. ah, you know, this pandemic was always going to hit poorer countries hotter. i think we can safely say that. and when not just talking about infections and debts, it's everything else. it's businesses. closing its economy, slowing, it's recoveries stoled. and so last year the g 20 launched an initiative to suspend debt repayments. just give a little breathing room. but according to debt campaign, as we've crunched the i m f and world bank data, the program has fallen well short of expectations. so let's do some number crunching of our own starting with the $46.00 low income countries, which applied to the scheme but still ended up paying out $36400000000.00. only $10300000000.00 in debt payments were actually suspended. so with the real debt

relief, especially when the g 20 group of rich countries had promised the same, would lead to more than 20000000000 and savings. now interestingly, china, which has often been criticized for an unwillingness to offer debt relief, actually suspended the most. deb, this is according to the jubilee debt campaign. in the world bank warner. this month, the pandemic had increased the debt burden of low income countries by 12 percent. it's up at $860000000000.00 in 2020. it seems one of the biggest problems with our g. 20 plan was that private investors weren't compelled to take part. in fact, they took in $14900000000.00 themselves during the pandemic. it's a little bit familiar, isn't it? let's give you a specific example. now chad, the countries president was killed by rebels in april and has seen many as a conflict across its porous borders. now by the i m, f and world bank called out private investors and warned a and this is a quote, a crisis could further impoverish and already poor country,

worse in healthcare and in danger, regional peace and security, and quote. in this case, the private investor group is led by the anglo swiss commodities try to glen call together. they are owed more than a $1000000000.00, which is a 3rd of chads public external debt under an oil for cash deal. now for its part glencoe in letter to the i'm f obtained by this network says it has restructured loans collectively with other creditors in 2015. and again, quote, as a significant and stand alone gesture of good will in 2018 glen call goes on to say it was engaging with chad in a constructive and good faith manner. following a request for talks from the country. well, i mentioned the jubilee debt campaign earlier, and tim jones is the head of policy days with us and scott from london to talk through more of this. tim, thanks for your time. i just want to deal specifically with chad festival. a few quick questions on that. why is glank or dragging its feet on this particular issue and outrages they are tracking that the patients you need to cancel the

death. they are a private company and they appear to be seeking to make as much money as they can rosalyn care about the interest of the people of chat. is there anything that chad and or the g 20 can do to actually get these private investors to ease the dead? chad could just refuse to pay and put the pressure on blanco that way. the g 20 could politically finance the support chad to the side and the g 20 m u k. and you. ready could change the law to make it easier for quite a co restructure that said that the right to a part of going call. ready into the lender and say, a, a say governing like just legal system for most international death. a part of the g. 20 ski. and how did

just as background for us chat, get indebted to grand core in the 1st by. and i should point to other countries as well, this whole idea of the oil for cash games. yeah. and loans in 20132014 . ready from going call, which were effectively provide the money upfront in return for tad giving money out of the folio wrapping use to grind. cool. and then when the price of oil fell that and then nice money that chances from the oil was going to call when it needed that money finance. it's under a budget so that going call like this money. we don't know where it went and the child has never been able to meet the payments. ready on that it's already been restructured twice the last time in 2018 we said it was thought. ready it was just meeting payments into the future and that we would end up in this situation again

where there would be a need for another change in the time that that needs to properly the properly the chief council down. so properly sustainable level. ok, so let's talk more widely about this whole g 20 debt relief game. this is incredibly cynical of me to us, but i think it's fair enough to us. and you were all surprised that this didn't pan out has advertised that the idea of the g. 2012 thing in the thing. right? we're going to cancel that. we're going to make this easier and it didn't happen. what do you know? i am surprised. the g 20 scheme has less lead to less than the course of that payments being suspended. i know that the structured when the g 20 started and april 2020, it was almost surprised that they did it, that they acted so quickly that the staff of the panoramic and so we did have great hope that it will do what it said. it would be which was to spend all the payments . ready to other government, to private lender and the other governments that has possibly largely happened,

but know that payments have been suspended to private creditors. the g. 20, you have left them off the hook, which is a massive hole in the sky light. and bailey and dollars is still being paid during a time of crisis and has made money for those private lenders. they've effectively being bailed out because the suspension of payment. ready to the government is allow private creditors to keep being paid. and an outrageous failure that you 20, that they haven't left up to what they said they would be in april 2020. did the i m f. special drawing right. not help. i actually, it's been very for, you know, that, that by our essentially money they don't hard currency, but it is supplementary money for the foot for, for a member state 650000000000 worth of those. did that not make a difference? yeah, well, that was much more recently the issue has helped

me since august 2021, which is a long way into the pandemic, almost 18 months and say that is money that countries do now have to spend one of the problem. ready is that the cost of the lack of action on that a lot of that money will just end up being spent on paying off private creditors. and so it will end up being just another team to buy, allow private lenders and pay high interest rate to then rather than be spent in countries on expanding health coverage. ready in economies and helping the recovery and went a special drawing right, dependent on, on austerity and, and debt restructuring anyway. yeah, so well this is a big problem. now that we have the i a mass a. ready large is having countries that they have to implement, austerity and across the board. we're seeing big public spending coming in the next few years. just when we need public spending more than ever to tackle the climate

emergency to meet the sustainable development goals and to recover from the pandemic and a debt restructuring cancellation. it's one of the ways that we can stop 30 countries had that council that would free up the money that they'd be able to expand public funding now. when cut back just a quick word on the thing is you out there in london. there was a situation i believe, where the u. k. talked about issuing this type of these type of asset special drawing rights to low income countries. which sounds good. but hasn't. you also talked about counting aid in other areas to a lot of countries. i mean, is that just, you know, from re balancing the books and yet the k has cut a spending and all, but the bio met 3rd, se, fast and the panoramic began. and it's going to cut it even further 3 massaging the figures over the next year. one of the ways that is that dan is finally

qualifying for and all that time cancellation on that. so that goes back decade the most of that that to the western countries is actually made up. it comes from charging interest rates of over 10 percent. so the last 5 years when they cancel out that they claim that that is somehow a money. and then they can claim that meet that target and aid of the k is just and now it's planning to do that next year, which we'll talk another $800000000.00 budget next year on top of 67000000000 already become tim terrence talking deck with us this week on counting the cost, we appreciate your time. thank you. thank you. the, another feature i can say that of the pandemic was the government. so low programs,

which allowed people basically to keep their jobs. and why many people in western economies have been lucky enough to do that, and now even give up, work for greener pastures. the same can't be said from any trapped unemployment in developing countries. just as the pandemic exposed cracks in health care services, it also exposed concerns in the global supply chain. a many manufacturing hubs have come in for greater scrutiny over force, labor, child, labor, and humanitarian crises from should jang and china to trigger i in ethiopia. here the numbers, more than $40000000.00 people are victims of forced labor across the world traps and jobs which they were coerced or deceived into. now this is interesting, a total of a $152000000.00 children. 64000000 girls and 88000000 boys are in child labor, globally accounting for almost one and 10 of all children worldwide. and according to the international labor organization, the economic crisis caused by the pandemic is expected to contribute to global

unemployment of more than $200000000.00 people next year. with women and youth workers, the worst hit, 5 years of progress towards the eradication of working poverty has been undone because of this pandemic. and in our case study from india, school closures have forced yet more children into work. this report is from elizabeth per annum in photos about it was a protest state. these are the youngest journalists in the city of fiddles, abad. they're working on the next edition of their unique magazine baldoni, but your kia vas, or the voice of children is a magazine by and for young people about child labor and they've rights and i remain dean ma'am. the stories that we write for the magazine are all related to children and inform readers about the reality of our town. when we share the stories with government officials, it helps them understand the difficulties that children faces. i, a 14 year old harmony has been contributing to the magazine for 2 years. she lives

in an impoverished area fills about the way entire families are employed and the glass bangles industry. she convinced one neighbor to stop her 3 daughters aged between line and 12, from working and send them to school instead. a lot of a do, but we have 5 children and no one to help us. so when we were in financial difficulty, we asked the children to work. a lot of children here, work and at home our children started helping us. like when we were going through a rough patch, i relate huh. sadie, the baby sent her children back to school when her husband recovered from an illness and could work again. but not every one would do the same. fiddles about glass bangles industry is 200 years old and the factories and known for their poor working conditions. generations of families have been employed in the trade, although many work from home when they walk through these marrow lanes or fiddles

above, we can see many children making bangles rights group say school closures because of corona virus. and then an outbreak of bank a fever. mean more children are forced to work because they don't have access to online learning in this home, children as young as 6 sit in front of small planes using the heat to join the broken glass spangles. they do this for up to 8 hours a day. child labor is illegal in india, but whites groups 8th, difficult to stop those working at home. i live, but 10000000 in 2011. i'm doubling it only. i'm primarily because of it. so i think what we can say go no virus as b impacting the wydell, but it media that he shows that the always had amplified to any extent, which is actually quite scary. ah, the release of this, yes, voice of children magazine has been delayed due to lock downs. but how many and her

team and now pushing the final touches on the issue, knowing they work has never been more important. ok, let's talk more about this with this. sophia natalia, who's the agent, human rights analyst with the risk consultancy group, verisk, maple croft. sophia's with us on skype from senior portrait. i. so if you're, thanks for your time, how badly has this pandemic pushed back any progress that has been made? well, thanks very much for having me. well, i'm actually we publish a human rights outlook looking at t trends. she key human rights risks impacting businesses the day. so we measure 12 liberates issues across $198.00 countries around the world. and what we found in the past 5 years is that labor rights has been on the decline. so we're thinking of issues, you know, very president rights issues such as force, labor and child labor. that's been quite a significant decline in that. but as well, you know, to

a less extent of the human rights issues, such as, you know, occupational health and safety. really a britain issue in the time of the pandemic. as well as a decent work i did. decent wages isn't working hours up and the like, you know, and, and different, i mean, has said to me, accessible to this issue, which is really why it's a critical moment for companies to be looking at their supply chain issues and where they're most printed and bieber rights ris light. and is it just as important because you can focus on the businesses and their exploitative practices, but is it just as important for us as a consumer to know where things are coming from and, and then make our own decisions based on that. yeah, absolutely. you know, i think the concept of sustainability it's, it's normally just a concept, it's not just a place where i, that's going around. i think a lot of consumers now are wanting companies to put them anyway. their mouth is to really want to talk in terms of responsible sourcing and ethical procurement. and

so we were seeing this, not just with consumers, but you know, invest in shareholders are more and more looking at the social aspects and the social performance of what companies are doing. anything is consuming, you know, the, clearly there's a lot of room there for companies to be making decisions based on consumers in mine . i think a lot of brand loyalty is depending on whether companies are able to, you know, secure ethics, ethically, procure it labor. so yeah, it's definitely there's a lot of scope there in terms of consumer choices. so let's talk about some specific countries and there's actually just some pictures i want to show you have us, 1st of all on malaysia, which interestingly the united states is decided to band the importance of surgical gloves, which has in and such an important thing that they've lost 18 months because of issues over over force, labor in the manufacturer of those. now that's just one example. i was reading out with your research as well. me and mar, cambodia,

vietnam they consider extreme risk. now what's put them on extreme risk? you know, we are, our report really looks at the decline in very key sourcing locations across asia. you've mentioned a few of them there. you know, in these 4 countries that you've mentioned, you know, me and mar bangladesh. and i'm in cambodia. they're very c sourcing locations, especially for the government industry. and what we found is, you know, the reasons behind the key drivers behind this downgrade in scores is really the intensification of on the ground violations. and that poor standards of enforcement of labor standards. so when we're assessing these risks, essentially we're measuring wanting slavery by we offer a slavery index. so this is where the extra risk categorization comes in. and essentially, you know, when we're looking at these 4 countries, there are

a lot of examples put it into the government sector that shows is declining, right? if with depend, i make factory closures and so on. you know, workers are facing in unstable hours, you know, insecure payment of wages. in some instances, they're not even being paid at all. so for these reasons, you know, they're driving their downgrade in scores for mine is slavery in these country. couple of other places. can you tell me about 1st of ocean jang in china, which we hear about a lot human rights abuses? well documented there. how much of a concern is that becoming for no manufacturing and business? yeah, it's absolutely no, essentially it's an issue that is not going away. clearly. international scrutiny. you know, boys are in the sense of emerging legislation, your sanctions targeting specific commodities, whether it's cost in our agricultural products arising or since young or, you know, in terms of increasing scrutiny, my investors expectations of companies to enhances social performance. you know,

all that leads to very difficult situation for companies that are currently either based in, since young or have operations or supply chain links in saint john when they're thinking of either moving operations to elsewhere in the region or completely divesting from china. you know what, what is key is that companies has to assess the other risks that do exist in asian sourcing location. forced labor is due, exists with saint john. but as our report shows, no elaborate issues across asia is still operating an issue. when he comes to child labor, either serious violations and so supply chains. you mentioned that there, this is last thing i wanted to ask you about. we have heard a lot about supply chains recently more in a sort of 1st world problems. way. i'm more interested in how the pandemic has affected a company or a brands ability to track a supply chain and to keep an eye on these very serious issues which we've been

talking about. yeah, i think in a nutshell, you need pandemic has said to me, affect it negatively affected how companies are able to check in to their supply chains. me for very obvious reasons, right. i mean, when we look at the disruption across the board, whether it's, you know, and not being able to travel on site to conduct on the ground or dates, or even to reach out and have a direct connection or direct line toward chris. you know, all these things have been hampered by the enemy. you know, one thing that companies can do is have local stakeholders perform that function. but in the absence of that, it's really important for companies to be able to have access to credible id that they allows them to look at their supply chain risks. daily brace issues without actually having to be present on the ground up in the values from birth. michael, joining us on counting the cost. thank you so much. great, thanks so much. finally,

to columbia, which is well known as the world's largest supplier of cocaine. and now it's got another drug in it sites. marijuana president even decay has for the 1st time allowed, international export of the marijuana flower. and legal experts believe columbia could become the leading export of medical cannabis in the world. and that in turn, could offer more opportunities for colombian businesses as allison through ramp yeti found out in the town of pesca, a sea of medical grade mighty one grows at this farm and central columbia 18 actors of plans equivalent to 25 football pitches. that clever leaves a colombian company with us investors grows with the highest quality standards accuracy with every step of the process years district i gene protocols each player to strace with the q r code. but i think it's patricia, it's a great example. says the company's president of how columbus changing its attitudes towards drugs after decades of fighting against the legal drug trade,

columbia, you know, had a brand within the very want to quality legal marijuana industry. and one of the things we, as a company, we're committed to, was to change that image from colombia to something positive into something that brought science, that brought benefits to patients. that benefits to people work around the candidates benefits that could also bring huge profits. growing marijuana here is 4 times cheaper than in canada. there were the u. s. columbia could capture one 5th of the global market. $8000000000.00 a year, more than the countries exports of flowers in coffee combined. of course, we know we have tropical glo growing conditions. that means we have everything that greenhouse us elsewhere are trying to emulate. we have them here for free 12 hours of light to a house of darkness every day, year round lucel configured me. see now it's, it's no surprise the president even came here to announce the country will begin exporting dr. cannabis flowers. just a few years ago,

would have been impossible to imagine being in a legal mariana field in columbia. and now everybody's trying to get a piece of the action. governments have been promoting this business as a great opportunity for post conflict columbia. that many fear big players will squeeze out the local growers that are not backed by big cash. farmers in remote areas that have long made the living growing money when illegally say the high cost of getting into the legal market and the security issues have left them out of the current bonanza. there's the killer last you in the money one. amazing. since the beginning, the regulation of medical marijuana was a big company model, it was big format and export based on their strong barriers exclusions for small growers, despite them being the ones to paved the way for the business years ago. and now companies with great lobbying power or taking advantage of that other smaller company, safe staying afloat, stuff as the focus on the few beauty and health products so far and loud nationally

approach on the cost of producing and maintaining medical cannabis is extremely high for small companies, they can't depend on a national market, if columbia would also bad on developing a dynamic, internal industry and families that have invested their savings. and this might have a chance. columbia goes up. there is irony in the fact that a country so often associated with drug trafficking could become a power house of exporting drugs. legally, the risk though, is that this new boom will remain in few powerful hands. allison that i get the, just the basic and that is i'll show for this week, but i want to know what you think, what you want to see on the show. it's all you can me d, m a r a d i j, d as well, or you can email as well. counting the cost of algebra dot net is our email address . and there's plenty more few online as well. it, i'll just you or dot com slash ctp that takes you straight to a page, or past episodes, or you to watch whenever you'd like. that,

that is it for this edition of counting the cost on come out santa maria, and the whole team. thanks for joining us. news on out of here. ah. joint advocacy launches, trade and investment in south africa into african traits. a gives you access to more than $1100.00 exhibitors and $10000.00 visitors and buyers and more than $5000.00 conference delegates, more than $55.00 countries participate in trade and investment deals with 40000000000 dollars as business and government come together to explore business and networking opportunities at the international exhibition brought to you by the african export import. back at the premium partners, the i h t of 2020. what transforming africa in the country with an abundance of resources, trade, bar, and wan, indonesia whose firms for me, we moved full to grow and fraud. we balance for green economy, blue economy, and the digital economy. with the new job creation law,

indonesia is progressively ensuring the policy reform to create quality jobs. invest, let be part when the lease is growth and progress. invent indonesia now awe them. the head of sedans, military launch has a qu, dissolving the ruling council, which he says has been divided by in fighting ah, protest her is denouncing the detentions have fill the streets. some have been met with gunfire. ah, you're watching al jazeera life from headquarters in dell. i'm daddy and applegate are also a heads. turkeys president addresses a dispute with western embassies after they.