a change is costly and very few countries can afford it. we're looking at major summit to discuss just how poor nations can pay for the devastating changes that many are already seen. obviously, producing berlin, welcome to our show. or european companies are reporting a deterioration and business conditions in china. that's according to a survey by the european union chamber of commerce in china. it says that 64 percent of companies surveyed reported a deterioration and conditions. the highest such results on record. in the annual survey of companies with large footprints in china say they're an easy about security controls, expansion of the chinese espionage law. and the absence of promise market access, several companies that the business environment has suffered under rising political pressures. so here's the chambers president young escal and what they really see in the business confidence confidence. so because that there is an unprecedented level of uncertainty amongst our members about the web which on is developing and that

i'm certain, see the sort of space across several dimensions. and we wanted to talk more about that with a guest. but because of the technical problems we'll have to move on, let's take a look at some of the other a global business stories making headlines. the european center for constitutional and human rights has filed a complaint against volkswagen bmw mercedes benz saying the car makers have failed to prevent the risk of forced labor being used by suppliers and shingle thousands of leaders are killed by the chinese government would be a violation of germany's new supply chain china is extending tax breaks for consumers, buying electric and hybrid cars until 2027. and it's slowing sales waving a 10 percent sales tax. the scheme was originally introduced in 2014 right now, easy and plug in hybrids account for 25 percent of new car registrations. in china, tesla c o u on most plans to make significant investments in india. following talks with the countries prime minister, no range remoted in new york,

the move comes is us companies are looking for ways to reduce their reliance on china as a manufacturing hub. in the face of tensions between washington and virginia, amazon hilton, and starbucks are among more than 40 companies that have pledge to hire thousands of refugees in europe. recruiting people fleeing from the war and ukraine and other crisis freaking countries following russia's invasion. the number of ukraine refugees living in europe stands at almost 6000000. devastating floods, deadly heat waves, wild fires. the effects of climate change are more and more visible every year to last year. damage from natural disasters totaled and estimated $300000000000.00. where does that money come from? especially for poor countries. many of which are particularly vulnerable to climate change. more than 50 heads of state along with representatives from the world bank and the i m f. are now meeting in paris to discuss just how to finance the climate

transition and how those poor countries in particular tend get better access to capital markets. also on the agenda is something known as the bridge town initiative. as imagine by barbados as prime minister mia motley. now that would require the items to fast track $100000000000.00 in its currency reserves for climate programs and make borrowing terms friendly or for poor countries. like hollywood iran spoke to the world banks, excellent. hudson bought about some of the newest plans to boost climate financing . nicholas following splunk droughts and he twins last year. the idea for the summit was proposed. what can the world bank do to help mitigate crisis for emerging and low income developing countries? on the short term we have to scale up in particular, the last couple of years have been very difficult for the developing world, starting with corporate. and we are now faced with a lot of crisis, including the climate change. and that's requires a lot of resources. we have basic reading, scaling ourselves up,

just to give you this. and in the last decade we would normally give around $42000000000.00 the last 3 year, on average we provide $70000000000.00. so clearly the needs are there and the needs are much higher. so what we need to do is not only to mobilize money from the world bank, but from the world in its entirety. a big focus of the summit is the bitch down initiative that the barbados prime minister introduced. well, she would like to have a re think of, of the whole relationship between the developed and developing countries. it's clearly that we need to recognize that particularly small islands say to have a specific challenges needs more support. in fact, there, the world bank has been very active not only in the caribbean, but also with the pacific islands, say increase and blows. a lot of the support concessional support including grants at the same time will proceed. the challenges are much, much

a lot larger. and therefore, what we agree is that we, we need to go look together how we can push this development agenda much more aggressively that requires more resources. and that is what is needed. i think also what they would like to see is more private sector participation. we agree with that as well. and uh, we always keep this in mind that the s to g, the sustainable development goals are of track. what does the world bank sink about the idea of re purposing funds within the i m f, and world bank to distribute them? first of all, we already know that keeping house resorts has locked up. the good news is we are actually working very a hard to have to is or is or is this not all late implement it? and i think actually we have had record disbursements. i can assure you there is no penny laying around because actually the needs are enormous. the urgency is there

and we understand that we have to move and we have to move fast and decisively. this is the mindset was which we're working. and this is the mindset with which we trying to implement our project. what is the world and roadmap to help open up climate financing and development? finance is for low income countries. to thing is well with regard to climate change, we are scaling up aggressively in the last a 4 years we have for you is we have doubled our climate financing that hit 29000000000. we are the largest feed on see off of climate climate projects in the world, and we want to continue it as we are very set on this at the same time. what these cries is, they've shown over the last couple of years that we all need to be more and do do better and faster. and this is actually at the heart of the roadmap that there was a recognition that we have been a scaling up significantly. our support with kim,

what can we do more and i think that's a fair question because the needs are so large. what we can do be part of this global ad for to do better on the development a front. and that means, how can we reduce again, poverty much more a fast, as well as help reverse the did challenges to sustainable development goals are facing because we are off track and we need to get them back on track. and that's, i think, is the mindset behind that to reform process. we will need to stay very focused on the poorest countries. a big concern we are having is that development a to subsaharan africa is fall and we have the reverse that we have to state long term committed to the poorest countries and we will have to do collectively more. similarly, we have to work closely with the middle income countries, particularly around the climate change agenda, and that is

a long term effort as well. so that is actually in line with wire for what we were created as a world bank is name is a long term agency working long term with governments on difficult development problems. my colleague, what a m, ron speaking there with actual fund? quite some board from the world bank on the eve of that important climate financing summit tomorrow in paris. well, shifting gears, women in africa typically like the same career opportunities as been on the whole, most of all in technical fields. that's where job coach like, not the most a g you can come in, but mentoring alone also isn't enough. take a look. workshops like this may typically still be a man's world, but so not offend. this is different. this of african business own. it runs a marine engineering company that also trains women like 26 year old jesse to come here to do a practical work. on one hand,

today when it comes to welding and cheese guide and see for the welding a frame, full test pages that we, we busy making as being all women owned as positive. what makes this business special? a few years ago. so nose and his sister's shamika and, and they took it as it from the parents. all 3 of them used to work in the financial sector of the company's services and repairs ships for major clients. when they started out, the system lacked self confidence. but meeting with the business coach changed everything with adding a, you know, we all 3 females and we inhibited aldo, and probably for 50 minutes of this whining. she says, and she looked at that. and she said, maybe you don't understand what you actually have. you don't know the potential

that you're sitting with and the company that you've what you, what is your name in here? this is an old who actually born into little sensitive encouragement of this woman here. nadia and was sati for 17 years. she's been coaching women instead and teaching them how to network. the biggest hurdle. it is definitely the patriarchy. so we've been paid less. we raise less, but we're still building businesses. i think we doing more than everybody else. a few weeks ago, nadia and massage. he and her business partner opened africa's 1st co working had 4 women in stem, complete with the children's play room. at this event, participants are trying to raise venture capital for this desktops. the problem is that women overly mated and under the funded have so stuff mentoring us actually give us contacts. let us look in your company as give the context of women on companies

because then you create sustainable business. because what we doing right now is the sugar coating. we window dressing with gender washing in a lot of cases. the stem stands for science, technology, engineering, and mathematics. the organization go high, wants to encourage more women to enter these fields. it's down to about a ton. mia has been teaching goals to code for 20 years to also lends a helping hand in other areas. her daughter took who now runs the coding classes. they've already reached more than a 1000000 goes through their programs. so here's a reminder for top business story or european companies describe business conditions in china as worsening last year. that's according to a new survey by the chamber of commerce in china. many say the overall business climate in the country has turned more political. that's our show. find out more

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