real city, a lot of the benefits of we have to, they are the result of that could use it, which is what the, what dr. science are, in this case, we are now dealing with the very origin of university already eunice on mickey way, galaxy the galaxies, the very 1st stars on the space telescope of the size hoss i, their seat deal publications, not only galaxies, of course, knology. he can explore, for example, the formation of stars in our own milky way galaxy, and in all the galaxies under formation of solar systems. we know now that there are literal, literally billions of solar systems in our own galaxy. we will explore with the space telescope, like these channels. what we're want to explore a more detailed information will go solar systems. ah, this is al jazeera, these are you top stories. molly's military says it's arrested nearly 50 people. it

says a soldiers from ivory case. so operating in the country illegally, it's accusing them of being mass and res. he and spokesman says that were hired by private company that provides logistics support. nicholas hack has moved from docker. this all started on sunday where 2 planes from this company called this a hell of aviation service, which is a company that supports some of the un contingent missions in, in molly landed 2 planes, one containing 49. i 4 in soldiers. the other full of guns and equipments of the soldiers and when they were asked by custom officers what they were doing here, some of the soldiers saying that there were plumbers electricians. and that's not a surprise, because remember, these are soldiers from the ivory enforces of their hair here to support as the logistics of the german contingency that's in bama co. the euro's hit piracy with the u. s. dollar and trading on tuesday. it is the lowest valuation of

europe, currency, 20 years. it's being driven by fears of a global recession. an uncertainty over energy supplies the speak of shoreline, because parliament says a new president will be chosen next week follows unprecedented protests with saw tens of thousands of people storm. the residences of the president and the prime minister. private funeral has been held for jer, pounds, former prime minister, sions, obey crowds of people lined the streets to pay their final respects. ave was assassinated while campaigning asked an election lally on friday. the small pacific autonation of cannabis has withdrawn from a crucial fiji base regional block. it says, my chron asian countries have been sidelined. the leadership of the pacific island form. london's busiest airport has announced it will limit the number of to passing passengers to a $100000.00 per day over the summer. airport authority say the cap is most people . airlines and ground handlers can cope with on the 1st full color image from the

largest and most powerful observatory ever sent or bit has been released. the picture taken by the james web space telescope is brimming with distant galaxies and stars. as you had was nice, continues, often fight story ah, one can protest is occupied the homes of the president and prime minister, but neither men has officially resigned. there are negotiations to form a unity government, but will they have answers to the huge economic and social focus? this isn't side story ah

. working to the program on the wrong card, people in silica say it's time to take control of their country. they protested for months against the nations worst economic crisis in 7 decades. many blame at present go to buy a raj epoxy, and his family for years of corruption and mismanagement events escalated on saturday when demonstrates his storm the homes of the president and prime minister . there if he is in to leave until both men officially resign, present raj packs and prime minister running a look room a single have promised to step down, but they haven't done so. the governor of the central bank says if the political instability drags on it could delay towards the international monetary fund for a bailout. now we'll bring in our guests in just a moment, but 1st this update from an l. fernandez in columbus. as you can see around me,

the party atmosphere continues. i'm at the presidential secretary at the president office. obviously president gotta be roger pox. i had to move out of here about 3 months ago when that campaign gotta go home began continuously just outside the. a these are fences and dad, just on the 9th of july, you had that big march, tens of thousands of people converging on colombo, overrunning the president's official residents. also the prime minister's residence of the burning of the prime minister's residence. now you have a long stream of people coming in to visit all these properties. as you can see, they're taking a chance to come in and see how their leaders functioned. but obviously a huge challenge ahead of sri lanka. as a we see this prospect of change of, of power. obviously that has to be formalized, but we've got

a massive economic crisis. unprecedented since the independence in 1948, there's fueled food medicine shortages because the country has no money to buy these things. the central bank governor has said that there has to be political stability very quickly in order to have the international community, the international monetary fund with whom negotiations are taking place in order to ensure that that support comes in, that that must happen, political stability. and that issue lancoste challenge right now, when i fernandez for inside story. now the raj parks of family has been in politics since the 1930s may hinder roger pac. so 1st became president in 2005. he appointed his brother, got the buyer as defense, secretary and placed other family members in senior positions for the bar one the presence in 2019 and appointed. his brother may hinder as prime minister

a year later, it's believed the brothers control up to 70 percent of so long as budget a one point. the family denies this, but inflation is now have 55 percent and could rise to 70 percent and a few months. and the government's run out of foreign reserves to buy fuel and medicine. ah, let's bring in our guests. they're all joining us from selling his capital columbia mission to mill is the economist and executive director very to research garrison wagner. roger is a senior research associate for the overseas development institute of the i global and vena khan v j. well, dana is a former deputy governor of the central bank of se lanka and a columnist for the daily financial times a warm welcome to you all. i'd like to start with the ignition question. we, we are, we have a situation where the prime minister and the president are to have disappeared effectively. we don't know where they are. exactly. they have said they're going to

resign. but under the sill, anchors constitution, they can't resign until they give a letter to the speaker, the parliament. so effectively, they're still in charge of a banking on the fact that these prep, these protests may, will dissipate and they can remain in charge. i don't think so. i think we have now a process where these leaders are exiting the scene and we will have a new government, an intern government that should be formed, hopefully on the 28th of this month. and that will be a president hopefully coming through election from parliament and then some sort of a junior cabinet. my hope is that this is a very slim down cabinet that will stay in power for a limited period after which we will have some elections and a new mandate for a government for a long period in the internet. this injury and government must continue with the program which is essential for she longer to come out of this crisis and ensure that we have a proper democratic transition with a respect for the rule of law. well,

let me bring in no vehicle here. this is something that susan cans have been worried about for many decades. now. this idea of corruption, this idea of financial mismanagement of the chickens coming home to roost effectively. was this always on the coats? yeah, i think the percentage is an increase that it has had just described. it's a very accurate and all we will out to look for is restoring all might still be long. and that could be a task for the new government. that is to be fog because they let it start from scratch from, from a correct way. and that's the retarded be they hold the people are so you in the country. they may not be able to meet both expectations.

and i see them too. clearly pre announced plan by now i think i'm lying for people to understand that what, what kind of delivery would be made by the new government. so that the must be a necessity for the new and continuing dialogue with the people of the country. and also keep them into confidence with the new government plan. so these are going to meet the new when driven government. we like to increase the next 6 months time period until the conduct a another election to enable the people to own the online nissan. the mill via cone is talking about there seems to be managing expectations. often we have protest movements doesn't matter where they are in the world, the protesters expect to magic bullet and for everything to change overnight,

that never happen. so managing expectations is absolutely crucial, but what are the challenges for this income and government? so 2 things i think are quite critical. liam brown, thank you for bringing a thin one. is of course, dealing with the immediate shortages of poor ha, and the power cuts that are in the country that's really causing difficulty for people's lives. and i think the failure in the current government is not only that they isn't adequate supply, but there isn't adequate belief that the available supplies are being given out in a rational or uncorrupted matter. so simply managing it to well and telling people the truth and setting proper systems of distribution is already going to be an improvement. the 2nd, the most important challenge i think is to deal with the deepening poverty. we expect poverty in sri lanka to rise above 50 percent by the end of the year. and it is imperative that trend and can look at cash transfers for the poor and find

mechanisms to target the poor properly. we think that looking at electricity consumption is a great way to do that and the technology is available to directly deliver support to people. and these are solutions that are available. and i think the comment government's a sense of mismanagement and corruption was preventing even possible solutions from not being implemented at the car at the proper time. and a change in government will bill the kind of credibility and hopefully a little more competence at to, to help sri lanka move in the right direction. even though the results are still slow and long time coming regulation or what we're talking about now, then seems to be this idea that there are, there are concrete steps you can take this idea of managing expectations, communicating with the country and having some easy fixes, but there is a fly in the ointment we have these talks going out with international monetary

fund right now. whenever the international monetary fun get involved with, whoa bang, get involved in a crisis. they often introduce austerity measures, which actually impact the most pool of that country. and again, the anger rises. where does he, i am a fit into all of this. so essentially the i'm, if team was here a couple of weeks ago and had left and a staff level program needs to be worked out. we understand that some of the details of this program ought to have tax rises across the board. a 2nd lead to make sure that the interest rates are much more realistic, which means i'll put pressure on interest rate to try to reduce inflation. and a 3rd measure is anti corruption measures to ensure that the administration works better and state enterprises. i'm more comfortable now. one very important aspect of design their program is that they're not trying to think of too much with state expenditure, which will stay at quite a reasonable level. thus ensuring that the end of the program that the country has

a will be maintained. it's not a perfect program to some of the program, but can give us some relief to the pool. on top of that, we have to have what nissan was talking about, which is what they call a conditional cash transfer to the poorest people. and that should come through with some assistance from other multi lateral donors. now, i believe that it is hard to target this kind of program on the porters because our targeting mechanisms on perhaps so well developed. and so if we do these things right and gradually get the economy on some stable, fucking some kind of return to growth america this year we will have negative growth, which will be a terrible phenomena for us. but hopefully next year in the year after we have some kind of growth and growth is a very powerful mechanism for this country to gradually create the jobs it needs for its youth. and also gradually create some kind of return slowly to of sort of

a prosperous country. and i think this is do it. but if we do the right things right now. now of course, political really is essential. this new government will have huge expectations. a point this government will have huge expectations of money. that's quite a strong statement there. from addition, let's just talk to vehicle a moment. often when the i m f get involved in this. of course i do want to ask you because you were the deputy governor, the central bank authority measures are brought in. we're told my taxwise is that and things of that nature. it's often the middle class that get hit with those things are slunk as middle class is already under attack and has been for certain, you know, several years now because of the corruption in the country. how much of this is going to impact them and how much of this is going to be unpopular amongst voters? then of course, not only that media on the paper or oil company, well,

a long time will be affected by the new or steady to progress each or you may be planning give, i've been treated as i mentioned earlier, it preparing for that new going month to communicate with the people, the critic for the sho, get dam deal at the day of the mill method that they're going to implement. and for that purpose they're to get with john. but now be why not very much better respect getting we get to be going to determine for that. but they know they said that there are any other requirements that you may press to stand on. one important thing is that i would want to buy gay, which means that the buy get it, you have to be bored when affordable. by increasing the revenue at the less expensive. what will the will be?

now in this getting the new dollar month, that is to be on october 20th. hopefully we'll get dark because i was 30, if anything actually empty. we didn't get paid. but the cost of $311.00, we have a consolidated funding, delete. all the money of the government would be credited and all it could be done by debating that particular conflict with that particular digit negative. it's all drawn to the extent to be paid out that will be, you know, you had to that dad is again, me. i mean, why don't be 1000000 would be had to be had been overdrawn by the government, by the overdraft from the boosted bad to get that the government are in fact no good deal and their new government would start for the negative was again and

couldn't work up what to do, please. yet, and the biggest that they have to accomplish during that period. i have to say all 3 of you sound like your very realistic about what the future holds. barrows, i seem to be quite health. hopeful if you know the government can manage expectations, a big communicate if it takes certain measures, then perhaps this is a crisis that the government can get itself out of the new incoming government can get itself out of. but i want to talk about the old government dish, and the mil, how did the roger packs is managed to mess up? what was quite a strong economy so spectacularly. so i think what we can see and learn from sri lanka, experience is that a few wrong moves unchecked. can lead a country into very dangerous irrevocably downward spirals in terms of its economics. take one example on the president band chemical fertilize all the night

and claimed that he was going to make agriculture based exclusively an organic on organic fertilizer in one year. that was the crazy policy by any account. and i think the an accountability of the president that he ruled as if he was running an authoritarian state, allowed him to take a very bad policies and prevent the democratic mechanisms to correct them. we know that, you know, one of the things that democracies are good at is preventing extremely bad policies . that's why famines never acclaim democracies. and i think the unchecked bad decision making on tax cuts on continuing to pay creditors while reserves, we're going to 0 on banning chemical fertilizer and destroy productivity and agriculture sector. all these things compounded add to bring sri lanka into this disastrous economic state that it is now an undergirding. there is corruption,

an out one of the things we must ask of that i left is that it is macro critical to deal with corruption. if you want to fixed the sri lankan economy, or we will be back where we are in a few years time, ah, the attorney general approved and reliable and in political capture by reversing much of the indictments against politicians that were already in court. and so we need an independent corruption, prosecuting office. i said, declarations cannot be secret thy m, as in many countries has asked for them to be transparent as a condition of its support. and 3 lanka will need a like this is the last thing i'll say, an antique corruption office that is supported by an external agency such as the united nations because 3 lankton politicians on board sites have so far proved and reliable when it comes to taking action and corruption and taking action and

corruption is a fundamental part of the fits, but the straight line can economy going forward. good ocean, seeing the roger perks is in the dog, seeing this anti corruption called to take place. people held accountable court cases happen. is that a dream you think that can happen? no, i don't think so. i think it's possible to change institutions and structures as we have seen in other carts of east asia on this issue of foreign aid and assistance that we're going to get both humanity and, and i m f. we have to make sure we do 2 things to ensure that this is properly effective. the 1st is we must make sure that all of this aid goes right throughout the country that it goes right from jeff nanna to the east coast to the deep south to the central partition. again, shouldn't just be provided to colombo and gunpowder, which is the central part of the country with economic center. the 2nd very important thing, as the sean has said, is that the aid should be fully accounted for. every dollar that is given to she

lanka should be properly accounted for and looked after and that should be very, very low and mean overhead on that money. and certainly the siphoning off, which had occurred in the past should be very carefully check the risk if we do not do this properly, is that countries where taxpayers are providing money for sure. lanka will get fed up with us and they will not be so generous and that will be a humanitarian disaster for sri lanka and the people of felucca. so one expects this new government to have very, very strong anti corruption policy and be very honest with the people about how it's spending 40 need, not just for the people, if she lanka, but also for foreigners whose taxpayers are providing funds for sri lanka to rescue it from this calamity that we ourselves had brought upon us at least partly vittacore we're talking now about a strong and t corruption policy. surely a part of that is holding the people who were corrupt to account putting the raja paxis on trial. do you think that could ever happen where it cause you're not?

there is another day may just be mike out for the bailout. becky, that you are in relation committee in that message about a week ago or had a know that there are 3 be tend to be displayed by 3 love to get this is becky. one is look at their back to be maybe number 2. what was the nation that had been explained? it could be the that would be the one with the other end be cut up to be implemented by 3. you know that what you pay or that you know? so what it means is that new choice, what would that be? if you go to that be, how would they would have got what and i legally fall at the new found they had,

they had been cared by the politician in the past that yet it will be pretty the same time the noise when they just need to be pre added via and be caught up to what that what had been the power to be diluted by the amendment to do said which more time i did that. so all these things was very quickly in order to enable a lot of that door. not because that that nissan had very correctly said that in addition to the money we needed, what they did or if these, these things are not. i don't think that human baby and we're going to mission. i've covered the middle east and south asia for many, many, many years. i've seen what the m s can do when they do come into a country. they come in with everything that you guys have just said they come in. those stories you mentioned and corruption, me as the promise of a lot of money coming in. and then they are faced with

a government that simply doesn't. and now your thesis seems to be that this next incoming government, although as a challenge on his hands can change. but there's a lot of people that are looking for a lanka now going. it's still a lot of the same faces that will be in charge. can this govern change? thank you, brand. and it is a very serious concern. that's re lankin. i don't trust was parliament koreans. and i think for the sake of the credibility of government, it's not enough for the government to change. leadership enhanced a dear. we need an election and we need it as fast as possible. it is only a newly elected government in which new people were part of the protest can also compete and come in to parliament. that you'll finally have adequate legitimacy in sri lanka. don't drive the reforms as well as the measures that are needed, fatal nomic recovery going forward. i think that the house of our politics,

which has been seeped in corruption incompetence is what young people have decried to day and day need a chance to exercise their what to say and say we want something different and, and that is the cry of the people which i think has to be heeded as soon as possible. good, i sure there is the argument who made this her lanka is a robust democracy. it does have democratic procedures. institutions in place. is it robust enough to do what the 3 of you are saying needs to be done? i think my sense is that we have to at least try to try to create a new beginning for sure lanka. and i personally see street on guys a kind of a post conflict state which is still having the legacy of a long 30 year old conflict. and it's institutions have been affected by this long conflict. and we are now trying to rebuild going forward. and in that process,

we're going to have to do something very rapidly. you know, one of the really terrible things that i'm seeing is the long queues at the passport office where the young people have sri lanka. want to leave. i mean, there are those protesting but most of the skilled on leaving, and that's a terrible tragedy for a country that has an aging society. and if this continues, we will be much poor in the future. so i think there is no choice but for us to actually begin to reinvent and i think we need to have a smaller government in the future. a government that's much more capable of delivering public services, providing the rule of law and proper macro economic management. and the private sector will have to also play a much more responsible role going forward and then have to be a lot of emphasis on corporate government and corporate social responsibility. so i think we need to begin to think about a new social contract and also enforcing the democratic principles that we want. and we have to avoid capture either tony capitalism or a governmental capture in the way that we've had in this last period. the roger puts the family basically, routing the roost, our thank all our guests, a nation,

and develop a national roger. and if you're a coon v j or then a and thank you to for watching, now you can see the program again, any time by visiting our website out there. don't come in for further discussion. go to our facebook page at facebook dot com forward slash ha inside story. and you can also join the conversation on twitter. handle is at a j inside story for me, and we're on con and the entire team here. and i for now, ah,

al jazeera wells meets full remarkable bosnia women survivors. after those closest to them were taken away, never to return. some of the 8000 muslin men and boys killed in this. reber needs a massacre 27 years ago. heartfelt accounts from those left behind trying to move on from the pain of the past. women who refused to die on out jazeera holding the powerful to account as we examined the ulysses ro in the world on al jazeera ah

ah sake that mm hm. and then international anti corruption excellence award boat. now for your hero the with madison and dough hard top stories and i'll just 0. the euro has just hit parity with the us dollar and trading on tuesday. that's the lowest.