tv DW News Asia Deutsche Welle March 30, 2022 7:15pm-7:31pm CEST
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in crane says russia is continuing a tax near the capital keith and the northern city of shaggy heath. that's this by pledges from moscow to reduce military activity around both the cities, ukraine on the u. s. say moscow is just repositioning troops and not withdrawing. that's a for me, be rash. banner g is up next 15 of the news asian. don't forget you can stay up to date on all the latest news on our website, d, w dot com. i'll be back at the top. and next are see that what does more do to people or hatred and violence inherited from generation to generation and award winning documentary searches for answers for 2 years. the all camera companies that sell a fist family in northern syria insights into the isolated world
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of radical islamists and into a spiral of violence without end. a film about family, faith, masculinity of fathers and sons starts april 16th on d. w. visit did of her nearest asia. coming up to day sri lankan, dia, economic situation in focus, shortages of essential daily items have history. lincoln's hod, the government is running out of cash to pay for expensive imports from this could just be the tip of the iceberg. but how did things get so bad? and it's a similar situation in bangladesh as well, though not for the same reasons. i look at what the government is doing to offset price. it is caused by the ukraine war
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ah, i'm british manager, welcome to d. w and news asia. glad you could join us. she lunk on wednesday began imposing 10 on nationwide pockets, adding to the ongoing misery of food and fuel shortages. the country impulse most essential items that it currently doesn't have enough foreign exchange reserves to pay for them. this has seen too long of skewing for almost everything, including courtesy, petrol, and food. and alyssa, blaming a combination of factors for the situation, including poor economic policies, crippling foreign debt, and the immediate impact of the code on the virus pandemic. we'll talk about all that in detail in a bit, but 1st, let's hear what she lumpkins are saying. it's not, i've been standing here for 5 hours. i haven't eaten since morning. i feel dizzy,
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and it's hot. but what can we do? it's so hard. people are dying in cues for petrol gas for kerosene. 3 people fainted right here. not a month. and we're also humans, don't politicians have any shame, but if you're incapable of handling something, you shouldn't take responsibility in the 1st place. you know, what about it? and mismanagement from the government is one part of the problem. another, it's a quote on about us. pandemic travel bands meant a tourist, couldn't travel, and a slump in the global economy meant people didn't have money to spend on tourism. bad news for sri lanka where the tourism sector is the 3rd largest fordham exchange or now, which is why lately the government has been trying to promote tourism. even if it means tourists have easy access to what she long comes themselves, don't steer at a resort near sri lanka, capital colombo, the world still seems in order the hotel where mohammed below works as well capped
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. and there are hardly any power outages tourist here. virtually unaware of the island nations extreme economic crisis of the outlet hudson that i was so good to work here. you can't even compare the 2 worlds in this resort. it feels like heaven while outside its hell. everywhere you stand in huge lines. the people are suffering here. everything is beautiful. on the beach, the same picture emerges. taurus stroll relaxed along the sea. some only see the economic strife as they drive from the airport to their resort. when the power is out of their generator, it starts really quickly. so are the internet and everything and the light comes on really quickly. so are now not really and la of for transport. now it seems like at at least the ticket drivers and the taxes are iris her laugh. petra said below shows us how hard it really is to get gasoline. some of the lines in front of the
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gas stations are kilometers long. gas pumps are even guarded by the military. we can, i'm lot of other than if there is no gasoline. hockey, any diesel that nothing is coming out of the pumps. they're sold out, making it insanely difficult to get around. these are hard times. the economic crisis is apparent in his family's home too, because of rising inflation and the scarcity of many goods. his wife fatima finds it challenging to careful their home and feed the family. i wanted to know well, i have no more gas for cooking and food is expensive. typically there was little to choose farm and no powdered milk, which i need badly for the children. oh blouse as the money, he answered the hotel is barely enough for basic living expenses. the family saves wherever they can. what little they have left, they invest in their children, the other, the more modern got it, and we're trying everything to at least continue to give our children
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a good education. that's why we're reducing all expenses that are not vital. our children's education is our top priority. more than behind the thick gates of the hotel, there is no sign of the deep poverty in the country. it's like diving into a parallel universe where problems simply don't exist where everything is running smoothly and offers the illusion of a carefree paradise. on you are to you, we try very hard to make our guest day as enjoyable as possible. there are no power outages, thanks to our generators. the well being of our guest remains as always, our priority included. it's a priority that many struggling sri lankan standby as one of the few ways to support their own well being. and joining me for more on this is as anger of edwin, a soccer, his an analyst, an author, and currently a senior fellow with the millennium project in washington, dc. as longer,
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i know it's a very complex problem, but if he were to choose, is this mainly a case of economic mismanagement or bad luck or both? i think the mix of everything when it comes to financing crisis, mainly on the economy policies as well as the i call it actually strategic trap which is going on funding on especially with china. so the day that the credit issue, there's no foreigners, those days are insolvency problem. we don't have money to pay the borrowing the life borrowing infrastructure large, getting this faster because both of them it's not generating any revenue. so we see a situation right now. i mean, the invert policies, i mentioned was the government locked in for months to go to i m f. when the last
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week they decided to go behind me and also rejecting mark lone as well as the terms of ground. so there are multiple factors because the government have prevented there's just on the point of the inward issue that you were mentioning definitely prevented dev love the advice from last year, i believe many advice with them. and because of now i know the policy that the policy that they calculated as well as they wanted to go ahead bit. so they kept on rejecting all the lights. so this was a very unfortunate thing to be. so, i mean, we, we prevent the korea did the time to make it sort of impact like between them die of the 20,
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the mean revenue as well as the remington. but that's not the only factor in bud policies which followed, such as multiple examples. the content into which we last time the we tried to stop me terminated the agreement between japan, india, the tripartite agreement, strong car. so multiple effect, the japanese lottie will even borrowing much more from commercial loans and, and the condition, or you can see a huge percentage of going up on the, the commercial on side at 4 percent. and so it was, it was, it is a situation that many saw but then prevented. but watching that me because of the, the, the, the reason i'm bringing china to this china is not the only concern here, but china use one off the seed is concerned because the large scale projects and
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not generating the money that we borrowed. now, recently we got $1000000000.00 from china to paid their own lawns, but we don't know what the interest rates are. so there is a duration. that's why i call it a strategic strategic traps, rather than it's on top of in deb trap has been debunked. and they love the banking, it is about the dip traps saying that the volumes of china, chinese loans are not so much them the commercial loans. so i don't, i don't agree with that. so there are multiple that 3 factors that i mean, the strategy trap to the political dimension to china, the system. so quality will political situation. i mean, political party as well as to move it to a semi auto critic water as well as the human rights. and the military assistant number effect of the as we mentioned to us earlier, a very complex problem unfortunately running be run out of time. we'd have to leave
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it there for the time being. but i'm pretty certain this is not the end of the discussion on the unfortunate situation she finds itself in. i think i'm going to take her from the millennium project in washington d. c. thank you so much for joining us today. and prices of daily items are going up in bangladesh to but unlike sri lanka, this is mostly down to the fall out of the water ukraine. global crude oil prices have gone up, impacting what it costs to ship goods into bung of ish. and then there's the fact that ukraine and russia supply a large portion of buying another wheat and oil seeds that result steep price rises just before the start of the holy month of ramadan. on friday. o, in the capital, city of dhaka, demand is so high for subsidized food, that people are chasing down government delivery trucks in the streets. many can't afford to buy food at regular markets right now. it's not that on it. we're in
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a mad dash to buy goods from this truck. we request the government to control prices and local markets, so that we don't need to rush here on the street. like the prices of basic goods in the market are very high ways that have like the, the prices for groceries like cooking oil, lentils and onions have shot up ahead of ramadan. just as families are trying to stock up for meals to break their daily fast. during the muslim holy month, traders at local markets say a combination of factors. the war in ukraine and holiday demand has sent prices soaring, garbage, the import. once i do to ramadan, there's a huge demand for food. i guess him, but there's less being imported and demand is high. that i'm fewer goods are coming in from other countries to know who's that? because i think it's due to the price hike, of fuel homes. and it's in, you know, there's a war between russia and ukraine. you know what i say granite. so that's delaying ships on carrying imported items. malcolm, i didn't modified with the price hike,
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has fuel, public outrage and accusations of profiteering. but many traders say they have no choice, we'll do a gun or back. supporters are charging more, so prices are also higher here. fuel prices of high toyota by day by day the prices are increasing. what can we do? we also have to survive and have to sell at higher prices. we can make a loss. and for low income bank, the dashes. that means hours of waiting and long lines for cheap food. the countries commerce minister says the subsidy program plans to serve $10000000.00 people and will run until the end of ramadan in may and that's it for today is more nowhere. besides, noth told of hardship people are facing. we leave you with more soothing pictures of the cherry blossoms, now vanishing in japan, back again to modest. you've been a back ah.
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