so with the u. s. tightening its trade measures, mexico is becoming a more attractive destination for chinese investors. i'm seeing busy in berlin. welcome to our show. rising interest rates are making, borrowing more expensive, putting the squeeze on poor nations in particular. that's a major focus of this week's spring meetings between the world bank and the international monetary fund. those are 2 of the largest global lenders and check this out. the news agency reuters has calculated that emerging economies. oh, some $8400000000.00 in payments on high yield international bonds for the rest of this year. i compare that to next year, that figure balloons to $30000000000.00. a many countries will have to refinance that debt, but again, borrowing conditions are much worse now due to higher interest rates. and that's a problem for countries like kenya, pakistan and tunisia particular, they're all due to make big payments this year. if they can refinance, they face a risk of default and could cut essential services. but just lowering interest

rates make borrowing cheaper. that's also not a solution. listen here to world bank present david mile pass. he speaking with out of the i, m f, christy lina, your giver on monday. and so there there's losses being allocated by the world system now. but we should keep in mind if you just lower the interest rates back down, it won't solve the problem. what that means is that people will suffer from inflation . the dollar wiccans. yep. the inflation rate goes back up and that hurts the poor . the most. my david mall passed their speaking with head of i left crystelina, you're gather. will another major topic, those meetings this week, ukraine and it's reconstruction, even as the war continues, the country's allies and international lenders are talking about how to get, keep the support it needs, and what is capable of handling. and the need is immense. and the world banks latest estimate is $411000000000.00 over the next 10 years. that includes rebuilding homes and damaged infrastructure like rail lines. also for helping farmers replace equipments or lands,

even the costs more expensive insurance. i recently spoke with someone who visited ukraine as part of that assessment on a piano is managing director of operations the world bank. i began by asking her what struck her most about the needs and ukraine. ok, thank you and nice to be with you again a yes i, i returned to ukraine just a few weeks ago and what struck me was, of course that, and this war is continuing to have huge a cost for ukraine as well as bill over effect. so when we see the numbers all the time, the humanitarian at cost at the cost on the economy, the infrastructure that's destroyed, but it also continuously want it strikes us, is the resilience of the ukrainian people and the authority. so what we've seen is 20 and 23 is providing a lot more stability for ukraine in terms of managing their budget needs. but we

now need to turn quite urgently to help them on the air repair and recovery of the infrastructure. and that's really what i focused my visit on as we were launching the update of i rapid damage a needs assessment and looking at the major priorities around recovery and reconstruction. we've also seen that agriculture has been had very hard in ukraine . not only is there been a loss and planting area, but also crops have been struggling to get to markets because of loss infrastructure and also neighboring countries. in some cases don't want crops from ukraine flooding their markets. would you describe this is a perilous moment for ukrainian agriculture. what was the sense that you got when you were there? i think di ukraine, agriculture sector is hugely important. it's important to ukrainians because it employs a lot of people. it is important to the economy because it's a major source of exports for ukraine. and i do think it's important for the world because to well needs grains from ukraine. so we're very supportive of the a great deal which has been extended, which is

a good thing. we also believe it's important that ukraine, it continues to focus on under a dusk at redundancy. so having to railways, well functioning and having that interconnectivity and to the rest of europe to be able to export and to the market. i have to say we also find it very important that farmers have access to finance so that they can invest into agriculture and farming . and this is something that we're also working with them on or pulling back from ukraine for a moment. more countries have piled on debt in recent years, whether because of the pandemic or because of the financial problems in the past year. for example. we've seen also at the same time that it's poor countries that are more likely to face climate related catastrophes such as last year's flooding in pakistan. are these countries losing the financial space to respond to these disasters? and is that making them increasingly dependent on outside lenders? what does that mean? yes, the m s d increase in that levels and the increasing countries that are at risk or

at risk of death distress are already in death. distress is something that we're assess greatly and we're very supportive of the g 20 common framework which provides a mechanism for a longer term solution to countries that are facing at that sustainability issues at so. so this is something we'll need to work on and to help countries through. it's also coming on top of a years of difficulty, of course, called it and, and then we started seeing prices increase and then the war in ukraine with all of this bit of are effects and of course, tightening in the financial markets, making and debt service. and debt repayments much more expensive, but as you say you had on top of that the ed very much acute and challenge is that countries phase when it comes to natural disasters and climate change. and this just makes us need to do much more. and this is what i'm really looking forward to discussing this week. as you know, we've been working on an evolution roadmap, which really sets the stage for doing much more on global challenges for countries

around the world. and particularly continuing to do much more for lower income countries as they face all these at multiple crisis. at the same time, we talk so much about public donors, um and nations providing bilateral donations of a reconstruction when it comes to ukraine, when it comes to syria when it comes to something like pakistan. but in so many cases, reconstruction will have to also be funded through private investment. is that hard to drum up when it comes to something like you pre when it comes to syria, especially in this current environment? it, it, it is, it is hard because sad if you look at international private sector of course going into a situation that is uncertain is difficult going into a situation that has uncertainty and has conflict is also very difficult. but we have seen actually some opportunities here and we need to continue to support those with the private sector needs. is to feel that there is a backing should things going wrong. so looking at opportunities to buy down the

risks through various incentives, providing 1st, last provision mechanisms, but also something we don't talk about as much which i think is equally important if not a even more important, sometimes his domestic private sector. and when i was in ukraine now, just recently, i was encouraged to see actually, and the services part of the economy quite vibrant with a lot of domestic a, even if they're small investors, companies enter printers and they see investing in to the economy of ukraine, even during this difficult time or that's on appeared a managing director of operations for the world bank. we thank you. thank you so much. let's go now to some of the other global business stories making headlines. leading german industry group has warned that the approaching shut down of the country's final 3 nuclear reactors, could lead to energy shortages and higher prices. the chamber of industry and commerce of the power plant should continue running and not shut down on saturday

as plant the favorite drink of germans is not beer. it's coffee. on average, every adult consumes 4 cups a day. that's a new record. according to the german association of german coffee association, rather, it's by far the most popular beverage ahead of mineral water and a 3rd beer. the past few years have shaken up globalization with countries carving out trading spheres, imposing sanctions and looking at localize in their supply chains, often called near shoring. of the u. s, for example, has continued to liberalize trade with its neighbors, canada, and mexico, while restricting it with china. and that's forcing chinese businesses to get more creative about tapping into the world's largest market. it's an increasingly busy border. the rise of so called near shoring, bringing production closer to consumers, is attract more and more companies to tiquana on the mexico u. s. border. many of them are chinese firms, such as one of the world largest manufacturers of lcd screens is finance director

says the supply chain is less developed here, but there is a financial upside yes, the way where we're gonna text the benefit that we will, we will proceed with some, some china for like come here is less money, indiana, and a so i think in the future and no co, la supplies assess supply chain is mine. my bad her. i'll chew open is furniture factory to one at 30 years ago and now represents the chinese provincial government of g. lynn, thanks to his connections. he receives about 20 requests per month from chinese companies looking to expand their operations in the border region on the shoe zone . rita, conditions are good now because the mexican government is giving benefits and support to chinese companies that are coming here form. that is,

a boy used put out his company, a gina is devine, a key. many chinese businesses have chosen to partner with mexican firms to take advantage of their experience and navigate the complex bureaucracy it can take up to a year to get set up with the right permits. last year, china was the country with the largest investment in business relocation projects in mexico, making up 40 percent of near showing the men there and taking up 80 percent of newly built industrial real estate that despite obstacles such as the rising cost of land due to near shoring, and lack of labor, as indicated by t one as economy secretary, most of my life is toya gate. this is lead to companies that want to expand the lane, their plans, the lane asset purchases, new machinery, and new technologies. due to the scarce availability of labor got facebook the thorough, and yet in 2022 already announced chinese investments in mexico amounted to

$200000000.00. that makes china the 4th largest investor in the country. and finally, it looks like the end of a party that few homes in the 19 fifties and sixties could afford to miss the american tupperware company is warning, it could go out of business. a shares dropped after the maker, plastic containers and other kitchen products warned of an acute cash sportage. tupperware was founded by earl topper in 1946, revolutionize the world of housewares with its bowls, dishes and kitchen containers. even becoming a symbol for post world war to prosperity in us when so called tupperware parties became a bit more common, but times are changing and plastic has fallen out of favor. all right, that's our show for moral needs. another source check us out online. dot com slash business watch. ah

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universe and kind of like a superpower. our series 40 to the answers almost everything this week on d w ah, ah, this is deed of you can use lie from berlin. the italian coast guard comes to the rescue of more than a 1000 migrants and drift and in danger in the mediterranean sea. the crossings are part of a new surge from northern africa, 4 times greater in number than last year. taiwan.