Skip to main content

tv   Counting the Cost  Al Jazeera  February 18, 2023 12:30pm-1:01pm AST

12:30 pm
session wire arms and explosives annoyed the past 2 years. a number of these cases were dismissed by local courts for lack of evidence. according to the human rights watch, they'll get up, but on more than 900 people have been red tagged in the last 6 years. no, leonor kia believes his father jory was a victim of an extra judicial killing. after being red tagged for years. he was shot 14 times by assailants who almost 3 years later, have still not been identified. both 3rd worse, got their got crusty looking to see the telling him or telling the people that this person, my father, that they is a recruiter of the new people's army. now leon himself is facing charges of human trafficking. he's accused of recruiting child soldiers for the communist new people . so army, he admits he's an activist like his father and says, although he fears for his life, he's determined to prove his innocence. barnaby low al jazeera manila. ah,
12:31 pm
her dad, this is al jazeera and these are the headlines. more than 45000 people are confirmed dead and to kia and syria after last weeks asked quakes. the focus is now shifting to relief efforts and helping them millions of people in need of humanitarian assistance. while these trenice displaced entire communities, the turkish vice president has said more than a 1000000 people are currently living in 10th and continents in syria. the you and estimates more than 5000000 people have lost their homes, are gone, a, a football player who went missing after the quakes has now been found dead under the rubble and something to kia christian outs whose agent said that his body was beneath a damaged building where he lived in, hattie still at the united nations as 143 ed trucks have now arrived in the rebel held northwest of syria. after the reopening of border crossing activists and emergency teams have criticize the through international response. hundreds of
12:32 pm
women displaced by the violence and eastern democratic republic of congo have been protesting in the city of goma. them demanding an end to the fighting between the m $23.00 rebel group. and government troops currently is government the case for one that supporting the group which can call it denies. well, the conflict in the d. r a is one of the issues being discussed at the african union summits in ethiopia and leaders have gathered an artist alba for the 1st day of high level talks. then the turnkey taliban pakistan has claimed responsibility for an attack on a police headquarters in karachi, which killed at least 2 officers and one civilian local media report that there was a heavy exchange of gunfire between police and the attackers who stormed the compound. south korea's military hasn't used north clair firing a ballistic missile towards the sea off its east coast. the report of launch comes
12:33 pm
one day after the young threatened strong action against south korea. i'm the united states that new joint military roles. okay. enough is underway and new zealand. after a site can ravaged its east coast, the storm made land fall and the north island on monday, killing at least 9 people and thousands of still missing. the weather is forecasts or to improve during the weekend. while there is the headlines, they'll be more news here on al jazeera, after counting costs, do stay with us. the american people have spoken, but what exactly did they say? is the world looking for a whole new border with america in it? is the wolf agenda on the decline in america? how much the social media companies know about you have? how easy is it to manipulate the quizzical could us politics the bottom line with
12:34 pm
hello money site. this is counting the cost on al jazeera, your look at the world of business and economics. this week, reconstruction efforts off to earthquakes into kit, and syria could cost billions of dollars. that bill is likely to worse than tech, he is already struggling economy. so how will the country cope also this week, people in north western syria feel abandoned by the world off to the devastating earthquakes. the un has increased, its a deliveries to the war torn country. ah, is it too little, too late? nearly a year off to russia invaded ukraine. the nation's economy is wrecked. financial aid from western don't as is helping some businesses survive, but easy enough to keep the entire country going. ah, took, he is worth earthquakes in nearly a century,
12:35 pm
have kill tens of thousands of people, flattened entire city blocks and wrecked businesses. response efforts a shifting to coping with the off to mouth and providing shelter, food and medical help to survivors. the attackers president has promised to rebuild affected areas within a year. he's allocating more than $5000000000.00 for the initial disaster relief with cash handouts for families. but business groups say the total restoration bill could exceed $84000000000.00 or so said a reports life has come to hold in the torture city of the amazon since the earthquake struck last week. and nothing symbolizes that more than this clocked over. a landmark of the city. the clock stopped, went to question the region, like many others here, jody. of this there has sent his family members to stumble because of the devastation. though no natural gas, no electricity, no water,
12:36 pm
nothing for food. we rely entirely on the a dish we did in the 10 city. more than 1000 buildings have collapsed here and around 10000 people lost their lives. those who survived are now struggling. only 25 percent of the city has water of the pipes were heavily damaged. it will take days if not weeks to repair them. 60 percent of residents are living without electricity, none are getting natural gas. this was the largest stadium in our the ammon. it has not been turned into a tent city that's home to more than 5000 people. turkey is environment, an urban planning minister and we're at groom told al jazeera that the government will provide people with more shelter and promised tom's will be quickly rebuilt. it is now, some parts of the city are provided with alexis, tim, water. we are repairing the infrastructure of the city. now though you for natural gas, the process of damage assessment is continuing. once we fix the pipes,
12:37 pm
public buildings such as hospitals, schools, and buildings that are slightly damaged will be our priority to provide gas. we will rebuild the homes within a year under the gold monkey. business here has also been disrupted and must shops have either collapsed or, or heavily damaged. this is what is left of his ers, thus sharp. sheila, that lucy, we have lost everything. whatever we had in the shop is gone. we don't know how we will resume our business again, but at least my family is alive. according to some reports, the earthquakes have already caused turkey more than $80000000000.00 in losses or 10 percent of its cross domestic product. in our, the among the scale of destruction is immerse and the displacement of survivors is becoming the humanitarian crisis. rescuers here are not here to fewer voices. from under the rubble, they are gradually shifting from finding bodies to clear in the debris and to widen the essential goods as services to tens of thousands who have survived this from so
12:38 pm
there are 0 or the among so than 30. joining us for miss stumble is how can act bash is the managing director of strategic advisory services. many, thanks for joining a program. is there a scale of the destruction caused by this earthquake? seem so immense? do we have any idea yet? a fi, economic impact? thank you so much for having me. and also i want to thank all your viewers for bearing basing. so they did to turkish people during this very difficult time and the humanitarian. i'm a last i as been all while me, obviously you need to move on and did the lives according to early estimates. i'm right down be will be looking at $84000000000.00 of economy costs and almost $70000000000.00 off. it would be in the infrastructure and the housing side
12:39 pm
and around $14000000000.00 in terms of loss manpower, as well as impact to the g d p. i would expect probably up to 2 points of g d. p growth from the turkish economy side this year alone. one 3rd of 30 feel manufacturing and exporting facility is actually had been built in this region. and dave are not physically operationally impacted by the los their employees. and from that perspective, they would be losing production probably they would be, they would say close probably till the end of march. and on top of it, these can, their own port also had been impacted, which is a major at a g steel export toward this region. it contributes to about 15 percent of showcase agriculture output. it will be impacted on the production
12:40 pm
site in addition to the, to the steel industry. obviously, pick styles and logistic infrastructure is also very impacted from the air force perspective. you know, even like godaddy, which was one of the versatile cities alone contributed to 5 percent of turkey's exports. so huge apology is picking up on the agricultural side of things. is that going to have an impact on food insulation? which tech he's already been dealing with? yes. always at this point, we have 5. significantly more problems and inflation. but before these quakes, it contributed a great deal to the poverty and cost of living. the official number was about 65 percent, annually inflation. without any doubt, with this,
12:41 pm
it will impact the domestic. i'll be cultural, i'll put that for the supply should be hurt and fortunate the never to be the, the price to add onto the cost of living and charging. what sort of impact do you see on the housing market? you touched on it, but of course we've had this whole controversy around building codes and so on. what impact exactly, is it going to have on the housing market just to share with you the magnitude of the scale over a 170000 buildings have been impacted at about 25 to 30000 of them at b, it is basically gone or impacted so rebuilding this whole region is going to very important, but i think that is also the regulatory drug as the, the sort of the moral side of the story. because it's as late as in 2018
12:42 pm
turkey passed in abilene, a law for all the zoning in the region in the country, but also in the region which is where basically you issue a building code building license to stop our building. so this is really expose the on the paintings of all the shandey construction that has been going on for the last 20 years. and unfortunately, this is part of the populace moves on the ass off the government or any government to really issue these licenses in exchange for votes. and if you will know, turkey was headed for elections on may 14th, but that will surely have an impact on that, as well as the se, massive reconstruction needed. can turkey afford what it's going to cost to rebuild these areas that happened? destroyed? yes, it again, good turkey is do $20.00 country and construction has
12:43 pm
always been one of the leading sectors, the economy and, and also these numbers. although they'd be looking at pencil killings of dollars with the support from a domestic and international resources organizations. they should be able to rebuild life. it's going to take several years and it's going to impact. you never be the economy and all the talk to people, you know, through our taxes would be partially paid for this. but i think this is going to be one of the probably most manageable parts of this. the search quick if you are a foreign investor looking at turkey right now. what, how you looking at turkey in the short, in the short run and in the long run? this was probably one of the deadliest disasters in the history of mankind.
12:44 pm
and from that perspective, a reference to anybody. and as an investor, as a strategic investors, i would tend to look at the meet to long term fundamentals of any country including 30. so from that perspective, before the quake, obviously it was a young, vibrant gillian economy way. it's very hard to get validated. basically book force and also it, the location of the country is a very strategic as part of the customs union with you as well as being it literally a strategic point between east and west of very again, very vibrant economy as well as the infrastructures from telecom to education, it is still a high, long term, high potential emission area. and also especially these times i think one would
12:45 pm
really a look at the timing of the investments. and before these quake, it was already probably one of the cheapest places in terms of asset prices. in the book, so from a return on investment perspective, you won't be before these quakes. so if for any long term message, strategic game plan is definitely needs to be put on the agenda. really interesting to talk to you how can a bash managing director of the strategic advisory services took interest from a stumble. thank you, sir. thank you. sorry for the situation in syria is starkly different to that. in turkey, a little international aid has reached parts of the north. most people that were ready displaced because of the country's civil war. now the earthquakes compounding their misery. more than 4000000 rely almost, and tati on
12:46 pm
a to survive. aid workers have pleaded for help, but the u. m. has acknowledged it's failed to deliver. it's now appealed for nearly $400000000.00, an aide and boosted deliveries to the area off to getting permission from the syrian president to use to move border crossings from turkey. the u. n. was previously restricted to using just one border crossing approved by the security council for a delivery of the agencies and countries in the region have sent a shipments by air. so you damascus international airport, but none have reached areas on the opposition control. joining us from wellington in new zealand is cut them, saw an economist on known resident fellow at the middle east institute. thank you for joining the program. so why has the international community been so slow to help syria? i think there is a combination of factors. one of the factors is the, the fact that the asset regime has such
12:47 pm
a long history of diverting aid and stealing it at times. however, the situation in northwest syria was different. that part which is held by the opposition received far less aid. not because aid is being diverted, although it is being diverted, but to a far lesser extent, compared to regime health, syria, but their, their response, there was virtually nonexistent because of the united nations refused to activate its emergency mechanisms and to deliver aid to people in that region without the permission of the the security council, or the i said regime in damascus. so the only crossing from turkey into, nor northwest syria, which is by bill, how are the only crossing which was authorized by the you and for delivering aid was not accessible in the 1st few days. most critical for rescuing lives in the 1st
12:48 pm
few days of the earthquake. so that meant that the you and could not deliver aid altogether to northwest syria. now the response of other countries also by laterally was very disappointing. virtually no aid was delivered to northwest syria, which is the, the part most vulnerable in the country. basher al assad, blaine, the sanctions that the u. s. has put on the syria for the lack of aid is he right. sanctions do play a role in him during the humanitarian response. that's just a fact. however, the impact of sanctions on the humanitarian response is hugely exaggerated by the asset regime. so what's actually limiting that the delivery of aid is the factory of the regime. the diversion it's, it's a factor that matters a lot more than sanctions. now do say,
12:49 pm
how do sanctions hinder the humanitarian response? so say you are an organization based in any country around the world and you want to send money to, to syria. you would actually struggle to send that money using the formal channels because of western sanctions on syria. now what i mean by saying it hinders the humanitarian response, but it doesn't stop it. there are many alternative ways to getting that money into syria. there are other impacts for sanctions on the humanitarian response. however, their impact is hugely exaggerated. what is the humanitarian situation in syria now is a getting in, in a nutshell, the humanitarian situation in the country has never been worse. it's not even during the 1st world war when syria was still part of the ottoman empire, aid is getting in and even though it's actually,
12:50 pm
it's been dwindling over the past few years with a donor fatigue. it is actually getting in. the main issue is that it's being politicized. it's being diverted. and that's why most people are actually not benefiting from it. what more can the international community do to help applies the syrian people? i mean, i think the number one thing that needs to be done is pushing for a political settlement. that's the only thing that's going to help the country stand on its feet. again, a political transition that restores the hope of syrians in investing in that country. in bringing their money back from abroad into syria, there are other things which are more operational that need to be done. for instance, aid that's forming the backbone of the economy in syria. now that needs to be distributed more equitably. so people who deserve it need to have it and it's being
12:51 pm
stolen all around the country to, to varying degrees, obviously. but something needs to be done about it. and if you allow me to just add the very last thing, i think there is an issue with the united nations as an institution, responsible for delivering humanitarian aid. it remains obsessed with its protocols. and the sovereignty of its members states instead of focusing on humanitarian needs. i mean, one of the main 4 pillars of the humanity of a humanitarian response is that the relatively relativity of needs that is not being met in, in syria, people who need a, the most, i'm not receiving it. come saud, an economist, a non resident fellow at the middle east institute. thank you so much for your time . so rushes invasion of ukraine has uprooted millions of people from their homes, kind of access to its ports and disrupted, forming more than
12:52 pm
a 3rd of the nation's budget is being spent on battling russian forces. the economy shrank by more than 30 percent last year. that's the largest decline since ukraine declared independence from the soviet union in 1991 tens of billions of dollars and international aid has helped the government to continue to provide services. the u . s. has provided nearly $50000000000.00 and military financial on humanitarian aid to cave. almost half of that went to the military. several e institutions provided more than $35000000000.80 ukraine. the majority of that amount was allocated for financial help. united kingdom was the fed, highest contributes of aid to ukraine, with more than $7000000000.00. pledge between january and november. the arm f says you quite needs at least $3000000000.00 a month to finance. it's war time economy. and it would cost almost $350000000000.00 to rebuild the country. ukrainian officials want western
12:53 pm
governments to use rushes, frozen assets worth more than $300000000000.00 to fund reconstruction efforts. let's dig in more into the cost of russia's invasion on ukraine's economy with joined from london by you again. yes. lip sofa who is a senior economist at oxford economics. thank you for joining the program. what is your assessment of your credit? his economy almost a year now into the wall moving he has done better than here in the beginning. ringback of the colossus was around 50 percent in march. and april, by the end of the year, this contraction narrowed to about 35 percent. that notwithstanding. ah, mister fox and your friends energy infrastructure. so for the years, the all, if contract to $0.30, i mean, which is a huge blow, what the economy has cost and it's still functioning. why do you think that is the case? well, there was 2 elements that were crucial, the domestic response,
12:54 pm
which was very effective for monetary and fiscal response. fixing the reason y'all, the currency in implementing capital controls. avoiding the ban kron also affect to bank commercial bank response and fiscal authorities. and these are fixing to be read now and close capital controls will also enabled by sustained international support so that the central bank could replenish its reserve and, and the rest of the international how it all went to supporting the budget. an am military help, all of those elements work very important, but those loans are going to have to be paid back at some point on they, on the debt is building up for future pace. about half of the money
12:55 pm
that came last year came in the form of grants. it was but $32000000000.00 that ukraine received. 15 of them, or 17 event was wrong, mostly from the euro. for the month in use of new that was never eligible for around 15000000000, but it was given a, a scale of disruption. it was, it was not extraordinary. and did that to to, to p is about 85 percent of 2022, which is again huge. but a lot of countries with in peace time, similar levels going to reach about 100 percent at the moment. they are all day every payments on august nominated data is suspended until 2024. so it's actually your brain is over a gene on technical difficult. essentially, the majority of funds have been coming from the united states and the united
12:56 pm
kingdom. both those economies have their own problems and economic challenges. is that concerned that at some point they wouldn't be able to give as much as they have been giving? well, i wouldn't say that the u. k has been one of the biggest providers for help. it's basically the us, yes, the lines share on the you. so much for financial assistance from the you. yes, there are very strong internal push back to, to this process. but there's still really a consensus at the end of the day that it would cost much more if this security situation got out of control. and only if you're grained, lewis is this, or it would have implications for broad international order for the security in europe and security in europe is very important to the us. so at the end of the day,
12:57 pm
i think there might be more scrutiny given the republican majority in the us or thing. they majority of the democrats, depending on which part of the congress you speaking, may be more scrutiny. but today it seems like at the moment veins national partners, i'm actually planning to make sure that this help is more regular this year than last year. and so that they indeed make sure there is around $3000000.00 a month this year. ukrainian officials have suggested this idea of turning to russian assets seized assets to fund the reconstruction of ukraine. how viable is that as an idea in, in, in the slow process? because legally, and so this,
12:58 pm
the thing that they desire to make russia thing. and we all make sure russia pays for their rate of construction. if not, everything is hot. the western partners want to make sure they don't set a legal precedent with all central banks will be afraid that there can be can be seen. and then it will be a problem, essentially $4.00 the reserve currency. so the process will be and will be slow and legally very, very thorough at the moment. there is already some early progress already being made. and even on the conditions where this money will be temporarily used and then return, i mean, it's not an easy process and i think you bring in economy will not be able to wait until they see shoes resolve ration money will be coming for this purpose. oh, really interesting to speak to you again. yes. lip service senior economist oxford
12:59 pm
economics talking to a staff from london. thank he. thank you. that is all show for this week. get in touch with us. bye sweetie. me at money side. do you use the hash tag a, j, c, when you or you can office at a mail accounting because out there a dot net is our address. on the move for you online at al jazeera dot com slash cdc, that will take you straight to our page, which has individual report links, and time to catch that is it for this edition of counting the call time not inside the whole team. back to joining us. the news on out there is the ah
1:00 pm
a few years ago the great the damage caused to the precious gross lance of chile is being reversed with one of the world's biggest ever conservation projects. they're pretty emblematic of the pedagogy and if they're plentiful and they're calm like this one is, then you know that the system is coming back and that they feel no threats. and that's why you're calling for re wilding patagonia on al jazeera. there is no channel that covers world views like we do, we revisit places, mistake. i'll just there are really invest in that. and that's a privilege. as a journalist lou.

38 Views

info Stream Only

Uploaded by TV Archive on