the aged, the main as well in the rock you're talking about this is definitely the square and c's all supposed to see us. they don't look for the solid along with other prove that stood as you don't going to several other political iraqi functions here today to show support. and so the data with the people of palestine with the people who are not only that are here today also to so course. as you can see almost everyone . we have a white sheet, the white teeth. and this is an indication of the fine or indication of that readiness to sacrifice themselves for a cause. in this case, for the palestinian case, i'm going to watch it. i don't put in every free person who stands for justice, not only in the hour. well, it's done with palestine, we stand with the people of cause of the palestinians in the struggle to free that

occupied land. they also blame civil debris teams for silence, for not doing enough to support. it does put aside the also blame some at a blue jeans for normalizing relations with as right. and your walk has been one of the 1st out of countries. in fact, what are the, what is the countries in the world to support qualifying and to stand with the people of guys. and that's it, magically that as a video unfortunately. so arab states have let the palestinian people down. israel receive unconditional support from the united states and europe. the pilot star does not receive similar support from its davis. this is hypocrisy. very depressive regimes have now been exposed. these for a test to do now is the phone bogged them in. oh, but does all the millions of women and children and heads up by these radian

ministry campaigns, they're calling on the iraqi governments of the aides for drugs and decoding on the international community to intervene. to put an end to what they consider a genocide again to the people who bought so many people here condemned to the international communities. and what they consider double is done the policy entity got to david with the palestinian case. the hold up, do i just eat off? i'll be back with more of a special, ongoing coverage of the gaza is available in half an hour. counting the cost is next step is the the

hello i money inside you. this is counseling. nicole stone al jazeera, you make me look at the world of business and economics this week, and time neighborhoods destroyed no electricity, fuel food, water as well, and poses total located on gauze,

is moving 2300000 palestinians also this week as well as economy faces new uncertainties from the gospel, we take a look what it could mean for israel's economy. and for the 1st time in 50 years the i'm s m will bank who but annual meetings only applicant continents discussing economic growth, climate change, debt and equality. israel's declaration, if new on guns are following a surprise ministry offensive by how most has jolting global financial markets, oil prices surge before pulling again to $70.00 a barrel is physical wind, a regional conflict to called goldman sachs full costs. the brent crude could climb to a $100.00 a barrel by june. if the conflict drags on a higher oil price would further complicate efforts to contain installation and a fragile global economy. but what is the initial cost of the war on the golf?

a strip and on israel, let's take look 1st of the grid in the humanitarian and economic situation in gaza . the goal is the strip has been on the and is rarely a land and sea located since 2007. it is one of the most densely populated areas in the world moving $2300000.00 palestinians live in an area of around 365 square kilometers. united nations says the unemployment rate in gaza is one of the highest in the world. 70 percent of the young graduates don't have jobs and navy hosp, the population is out of luck. 64 percent of households classified as food in secure and depend on humanitarian aid. the situation in gauze and before the war was already dot, it's now expected to get even worse. is 2300000 residents where the face shortages of more test food and fuel on a daily basis. 40 percent of the water supply is lost on the way to consume is due

to the crumbling infrastructure system. more than a $112000.00 families all with out the regular food supplies because of these riley as strikes and the 4th closure of you and release. and what agency, food distribution centers, electricity and fuel show which is a crippling farming and fishing meetings as even less food. and the only local electricity producer has shuts down often running out of fuel, as well as wells cart. menissi operation against garza is not the fuss between 282021. israel launched full major offensive in the besieged enclave. viscount effect palestinian say is different. in the past 5 days of israel's bombardment, at least 330000 people fled that homes. and none of that is likely to rise because it is going to need billions of dollars for the reconstruction of homes,

businesses, water, and electricity infrastructure. as well as the hospitals that have been damaged or destroyed by is really strikes. now back in 2021. these really ministry offensive destroyed $1500.00 housing units and costs the goals, the economy moving $479000000.00 from 2006 to 2022 garza's agricultural sector. last about $1300000000.00 as a result of israel's blockade. and multiple attacks to, to discuss all of this on join by bus inquiry from armada in the occupied westbank . he is a former palestinian economy, minnesota, and currently the ceo of the fall and the cat group. thank you so much for your time, sir. so israel has now imposed a complete seas on golf and that includes the band of food, electricity, and fuel entering this, the strip give us a sense of what impacts that is likely to have on the people and the families that live in gaza. what we're seeing as of today, simply put,

and this has happened over the past 6 days, a simply was crimes. and the situation is really a diet. i am in constant contact with the of the stuff that we have 22 employees, that it 2 of them have most homes. one of them the has just small damages. but the, and you're speaking about whole neighborhoods being wiped out. it does happening is unprecedented. and the needs to be stopped. golf, a sole power station has now run out of fuel without fuel. how does a population survive? well, uh, i would like to emphasize the fact that even before the slightest war, because a has been suffering from huge power shortages and maximum for hours. so people in gaza eh, have depend on the generators, but the 5 to generate those that,

that they can and get the keys for the 4 hours of, of a, just a date. now what is happening is that also these private generators have either even being blown up by the explosions, by the end bombardment, or, or have it on up a few of the we've been in contact with the main hospital in gaza. see for hospital . and they're telling us that they're also having severe problems that tell us a bit more about the medical situation there because the hospitals rely on aid coming in. and that is not happening. no, that's true. unfortunately is not coming through and the, the mother because tuition is definitely very bad. it does, it has only 2 small factories folder, manufacturing pharmaceuticals. i wasn't contact with the, with the 2 factories. and of course none of them are working. one of it was severely damaged, so the situation for medicines as, as becoming also bio and

a less and we can push for the entity and the relief to start entering into gaza. definitely, there would be lots of a huge catastrophes for them, for the people that are due to the lack of medication, $300000.00 people in total so far, i believe have been displaced from their homes wherever these people go in because they're obviously not allowed out of casa, what we're seeing is that the schools, the public buildings, they of course, the government buildings, but other buildings on the web. buildings are becoming the only refuge for people that and the, the bombardment. this time is started at this cost of the right to undermine neighborhood. for those of you who don't know guys, uh they might be, but hold as a what you can describe, look a bit more an upscale neighborhood in gaza. it is not the refugee camp in the inhabitants the of the, in the class time of the class, a and the,

some of the buildings, dad or the mazda story buildings, and the, you're seeing the head to the hot core of the guys, the community, the headquarters because of society. so what do people go? this is a very good question. i, i was in contact with a doctor friend of ours, and he has do with citizens. he has a greek citizenship. and through the embassy they evacuated him to go to the huh. check point to go to egypt and on the before that each that off with like one or 2 kilometers is going back to the, the check point that they bought the crossing. and so basically i called him back, he said with no back in the, in gaza i was, the neighborhood is almost completed the state that and definitely we don't know where to go. mr. cory, many thousands were earning a living by working in israel were hearing now reports. many of these jobs have now been terminated. what impact is that going to have on the economy and gaza as

a result of the shortage labor shortage in is or isn't allowed around $15000.00 sleepers to work in is a this became the most influential and most it is source, most important source of income for thousands, however, it could hardly make it that the cost of a few of the economy of gaza is especially with the situation over there that has been and pushing for the decades. but still it became a very important source of income. and it's important to point out that before the last war, as of a new official 70 percent of people of gaza depended on the foot date from, from different places. the. it's the, the situation, unfortunately a with, with these labels is very bad. we are not getting many of those labels in to

testing intended to the end westbank different cities. so it's also another human catastrophe that is coming here. and you're speaking about the thousands of people that are left with nothing in the west bank at the families on the, on the receiving end of the environment and gaza. so it's, it's, the situation for them is very about. thank you so much for your time. but the inquiry from armada and the occupied westbank for my palestinian economy minister. thank you. is really stokes and bones fell up to how much launched its military operation. and many businesses and schools have remain closed. american airlines and some european carriers have suspended sliced israel. well, governments have deadlines to be capital when flying in is riley space analysis by radar bulk switch specializes in navigational data, shows that about 30 percent of slides too, as well, where cancelled in 3 days. 1000 of the 3000 slide shut duel between that saturday,

october the 7th, when the will began and wednesday, the 10th were grounded. on the other hand, the central bank announced it was setting up to. c the $1000000000.00 and farm was of the shore of the national car and see the shackle is riley currency has already lost roughly 9 percent of its value compared to the us dollars so far this year and is now full into a 7 year know. joining us from london now is iran yesterday of a member of the center for my career economics to belong to the school of economics . he is also an economics professor at the a town butler school, if economics at tennessee university. thank you so much for your time. 300000 old re as rarely as have been taken out of the workforce to find in this world, presumably that will have an impact on, as well as the economy. before we discuss economic costs, let me point out the obvious, the real big cost of the human to cost in israel, children,

women and men have been killed, had been kidnapped, have been wounded. garza is being bombarded and people are killed. they're, they're used to terrible human suffering. and this succeeds by far, any konami costs as we're going to talk about. and as to your question, yes, it can be something in the order of almost 10 percent of the work force that could be mobilized to the war rather than doing normal work. and tell us a bit about these reserve is what, what all the edge on. so if they are not doing those jobs, what sort of impact are we talking about? they come from all over the economy. it's not restricted to one particular sector and the economic costs, but as well in this context is due for on the one hand you news, the output produced by these people in the various industries. on the other hand,

you have to finance their mobilization into the war effort, which is obviously costly. it's not that the interest fight will do any duty they use military capital. they need to be paid by the government and so on. so it's that you lose output and you create expensive . we're seeing the current seeing the shackle. take a bit of a hits. it's folded into a 7 year know over the last few days. what is your outlook for the currency? basically on pessimistic about currency, although with current c markets, it's very dangerous to full cost. the short term, even the long term is pretty difficult. the shack kind of has been depreciating since the beginning of the year because of the very substantial negative political developers within israel. so each went from around $3.00,

roughly a bit less at the end of 2020 to $2.00, over 3. 80 recently before the war, and now it has shot up to the region of $395.00 i'm going on to for i believe you to attach for shackles to the dollar at some point. so it's a combination of factors for you or, and war. i don't see the shackles trending, and by very much the possibility of that is remote at this stage. i, the st. the uncertainty is all far will the depreciation go? well, the 2nd would appreciate substantially more or much less so, but i don't see a real possibility soon of an appreciation of the shadow. right,

and presumably the same sort of reasoning will impact investment in invest a sentiment as well. exactly, investment has been fully free war because of the grace political developments, especially investments in the high tech sector. and investment will surely full. uh now, oh, continue to fall or the full will be worse. but obviously that depends a lot on the severity of the duration of the war, which at this moment is very unclear. we talked about the cost of the war on israel . the us has just announced an additional $8000000.00 in aid to israel. but obviously with the ongoing one, ukraine. now this will, how long realistically, do you think the united states and others will continue to provide that sort of financial assistance to as well as well in normal times, any recent decades is around,

it has not really needed at all. and the american assistance and the assistance that was there was mostly for military purchases and a big chunk of it was actually on american exporting funds. so it benefit to the us as well is really, is no longer this poor economy reliant on the us. and in fact, it is running normal times can stop us assistant altogether, and i would actually advise is riley government to do so. the current situation may be helped by us assistance, but i view it more as a political gesture and a signal of support rather than any major us economic a. again, israel is not in the situation of

a few decades ago where he's actually really needs american assistance. that said, there is a point about munition in arguments that what is what is in need of us assistance. and that again depends on the duration and the severity of the war. for example, if the war extends to because the law in 11 and to conflict with the wrong and so on. many thanks for your time, aaron. yes, she economics professor at the time, the gas school of economics at talladega university. thank you. thank you to the wells, finance ministers in central bank governors have met in lower cash more. okay. to discuss ways to tackle climate change, natural disasters and that restructuring. the mess and world bank gathering african nations called for reforms on fed representation. how should how about our reports now from our cash?

crystelina georgie. ava is electronic fences. a prosperous, 21st century is only possible with prosperous africa offering greater economic cooperation between which western nations and african countries. for the 1st time in 50 is the international monetary fund of the wealth bank have held the annual gathering on the continent. the to global financial policy makers of facing growing backlash from africa, nations in the capital with aging populations. if we built the brits for capital to travel ways will make a difference. i think it will do well. the wealth will do well. what's african countries won't lenders to respect the sovereignty and stop issuing orders, but above all, the want an overall of the global financial system for you is poor. countries have

been calling for the reform of the international monitor system, seeking a biggest say, you know, i may have decisions. they also want to end the condition of in 3 months. it will start to measures and spending costs in exchange for loans, a practice, they blame for the political and economic wells. host morocco is a long time bottle in the aftermath of last month. devastating earthquake. the item at approved a $1300000000.00 loan for the building and recovery. but lowes and credits may not make much difference. i mean, the growing challenges when we are having the conversation of how much financial resources are available. and we need to choose between food security dept. the claim is fine. is a condo make? i would say investment, we need all of this and this is our i would say, pledge to gather the global economy,

has changed. finance members have so called quote as a voting powers based on that economic performance. china, as quote is less than japan's. badging wants that to change to reflect it's growing economic clout, global economic outlook for 2024 is going growth in some countries in the middle east and north africa has fallen sharply compared to last year will in ukraine, foot shortages, and the inflation was slow global economic recovery. that's why we're trying to do in the course of this entire process of this annual meeting. am seek approval from our governors is to redefine the vision of the bank to be bad of it advocating poverty. but on a livable plant. and what we mean by livable plant is exactly these challenges of pandemic. some climate change and food and security and fragility. and those kinds of issues that these are far too slow. recovery is bad news for countries

struggling to repay debt lenders, dishing out spending on bottles may suffer for years. argentina is struggling to restructure it's $4.00 to $3000000000.00 am. if loan agents bones of tumble following moody's rating caught by his done some be a gunner and many others may not be able to repay the creditors. ok to this, urging the i'm a world bank to write of debts, warnings that the restructuring won't solve the problem as you might by for counting the cost by the cash. well have i met with for read the hodge who was the vice president of the world bank for middle east and north africa. he began by asking what the will bangs, full costs for the region means for these economies. as you know, the economies in men are divided into broadly speaking, all one is those countries that are exporting oil and those water importing. what

the dramatic drama thing going away is coming from those countries in the gulf and of julia and libya. so it shows that, you know, what prices go down and these economies go down. no one thing to keep in mind. the non oil sector of goes economy. there's something interesting happening. diversification is spitting, go very much, look at what's happened against older, almost 44 percent growth in des moines, non oil segment of the economy. this is very encouraging, and it gives you a sense that, you know, we're going to head on diversification is the way for this is why, what's happening. so the regular, what's happening is the weight is really to be encouraged and hopefully all the countries in the gulf of all exporting countries will do. we do the same as i've also met katherine patel or the deputy director of the m s. africa division. he

began by asking a if they was line to the end of the tunnel for the african economies. after 4 years of crises including the global pandemic, there are some tentative signs that the outlook for the african continent is improving. now the region is very diverse, but we're seeing an expected improvement in growth from 3.2 percent in 2023 to 3.8 percent in 2024. again, the situation is diverse and we expect so that given higher private investment, which is a good sign, private consumption that will see increases in growth in around 3 quarters of the economies. on the continent, petticoat brooks deputies directed the international monetary fund, spoke to how soon about the international laws, refunds, global outlook for growth in 2024?

well, we are having a global economy. that on one hand has been quite resilience. often many shocks that have hit over the years. so in that sense, i think that is the positive in our assessment that that resilience, that we've seen. but then we also seeing growth this year, a 3 percent and next year of $2.00. that is relatively slow by historical standards, and we also seen growth that is very uneven across regions with a lot of divergences. so, so i think that's the theme of our report and speaking of diversions is this also, we see it in the near term to. we have upgraded our forecasts for the us. we have downgraded our forecasts for the your area in china. we have upgraded our forecasts for many emerging market. so we're seeing different developments across the world.

and that's also the best way to get in touch with us on x, fully an assets with the money inside the use, the hash side age a. since you see, when you do or goes to, can go up as an e mail, counting the costs that out there at don't. net is addressed. and there's not some movie online i out, is there a don't com slash see to see that will take you straight to a page which has individual reports links in time episode speaking to catch up on that is it. so this edition is counting the cost. i money in sites and whole teams . thanks for joining us to these on al jazeera is the

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challenge while trying to flee a 70 city in so heads buys very strikes once was supposed to be a safe route to southern guns and carry johnston. this is sarah from the hosting. we shouldn't ignore the the cut and flat up above happens against the big weasels system ethic relations with decisions of the us security.