to as the bretton woods institutions created in veteran wood in the 1900 on for the is of to the 2nd world war and the mega institution that emerged out of that space. why the international money is refund on the bones for development or denied a little fide to the wild bunk. many people do not know, but what is now called the wild trade organization was also muted at that time. but of course, what we know is the general agreement on top of all got these institutions, why dominate that created and still dominated by the west? i'm. that is why they are full when you became an idea. and it must be said that the idea was from a conversation by another width. and goldman sucks. who came for the 1st time and talked about imagine you economy is particularly the economist or need who talked

about pics to me in browse vill russia, india on china between 202000 the 200112009. they won many activities with the 1st major meeting, taking place in the 2009. and of course, in the 12102011 south africa was admitted and it was no longer brief, but bricks alana as us course of what was the reason behind this suggestion that this should be on economic broke or couldn't economic. but you know, not the brits, the reason must be understood in the context of history in the context of history to mean that many african countries a wide dominated by western institution. so that you had

a government such as is a low man convention which was between the african countries on 03 and union outside of the american finish show you our confidential side of the quarter new convention. and aside from that, we also, so that the i m, i a mess and the log bunk was very dominant in african countries, but particularly during the 1908 is under what was then referred to as the structural adjustment. during the structural adjustment i met on the band came to the us with the economies on what they did was to mic economic prescriptions from which african countries of nobody covered. it is when economy is which are not in the fast wired. so to speak, started to much as the money funk shutting economies. they started to

a much as made j economies that it became sensible to begin to talk about these imagine economies as the count a way to the i m f under was brazil was beginning to emerge as an economy which was industrialized even mexican jets. india was beginning to emerge as being very dominant in the wild of technology. in the wilder computers, china was also imagine as the manufacturing hub or i ship of cause had been, had bought because of it submitted 3 capability among other things. and also its ability to leverage on technology. so those why the not federal of stones upon which the new economic order would rest. but africa was being exploded

. and because of the go was being excluded the question then i rose. how do you involve off or gone when south africa, which was the dominant economy at that time? a said that they were interested in these arrangement. there was then i missed it. of course there was then the question i at at that time with that you wanted to admit to the nigeria. but nigeria, zip code of me was not as sophisticated as south africa's economy. some even talked about the admission of egypt at that time. but in those, on the days as we know, it is south africa that was admitted and we now talk of, but it's the question that is, what is the value? if any of you to the continental wasik, i hauled the view that brooks provides a great opportunity for african countries to look at. the front of me is from a different standpoint, many african economies are still

a good area. and if i'm permitted to use that word, you want to look at the economies that are going to make africa go through what i call the lot that they agreed cultural agree under pollution. this india can provide that technology. russia can provide that the closure technology through the fact that lies schemes signing up can provide that brazil can do that. if you go into the fishing system, china can do that. brazil can do that. in other words, these are countries that have appropriate technology, which can be deployed in the continental wasik. if you leave the car just sit tight and the energy is set up. right now, if you look at a country like china, it generates more electricity than on african countries combined. we need to acknowledge, you know, that to improve our

a hydro electricity generation g o samo, we need to have high, we need to have solar. we need to have wind and is not lost on me. the china is indeed the home of most of these solar panels. we need that. we need also to have our infrastructure on once again, these are countries that have the know how, because in the reason 1st they have succeeded in ensuring that the economies are lifted from above. and we don't talk about this as often as we should, but in the last 2 years, china has been able to lift no less than 800000000 of the population outside of it. we also need, as i've said, to go into this space of industrialization and when you talk about industrialization is not lost on me. the right now, the russians in negotiations within the city and for purposes of deploying min,

nuclear technology, a nuclear technology is going to be very useful when we need reliable power. they also in negotiations all a while to get into negotiations with booking alpha. so on the molly for nuclear technology, and i think that that is very significant. the russians are also going to be negotiation. i'd be able to read the stated, instruct you to trust 5, the necessary technology. the thing is, uh, in the area of competency donation. we all know what happened in 1900 done. 72, i remember as a young man, there was a time the find minutes though, the 4 and 63 of the united states, henry kissinger, and there was on a. so would the oil minister call to ship is lucky of mine, and at that time that is when the quantum, the of the while the was a dollar eyes on, through the daughter eyes ation all the international economy. the whole idea of

the pit for a girl that came about as i speak to you and not on my see does may very well be conservative, almost 80 percent 7, something between 70 to 80 percent of international trade is the time in nathan in the united states dollar, in other words i'm in nairobi, kenya, and i use a visa card or american express. it is expressed in doing that. um, you know, the words, the banking system internationally is controlled by the west. it is swift. swift may be registered in belgium. but if i'm transferring money from after i and gone up, there's 2 legacy nigeria. it must go through a corresponding bank in new york before it comes back. that is how i don't mean and

the international money for the system is got to see of the west. and if you're not dealing with the sift you are dealing with the i bond. and if you are not building this soft card, they had gardens in the wild us talking dollars, you are talking euro. you are talking about the styling, phone. and as somebody said, when the american de la sneeze, this african cutting says, go into a coma. the brooks in my view, are now saying that we've got to have a payment system that is going to the dollar eyes though economies. so that way economies are not dependent on the united states dollars. and in fact, we do know as a fact that almost anything between 40 to 50 percent of the united states dollars is circulating outside of the united states of america. bricks does provide no

put to knit the full countries within the continent of africa to trade using the carter. this is, and i know for example that the india and india on the tons and yeah, i've already started the tried to trade in there will be, i know, exam b, i also tried to trade in the one. but the whole idea is that, you know, have a bus get the car and says, i didn't that way with the dollar. i is the economies on when we the dollar i is the economies, it means that we are going to be much more in control of law says in control of inflation and, or those are the things that are necessary you for calling them is, are to grow for the benefit of the people. but what the challenges going forward already? they are mary sounds. i get 30 the i get 30 because the bricks is expanded today the bricks, countries combined to have large

a quantum me then western europe combined as that these yeah. the brooks economy is control, that is 6 percent of the economy and the bricks or other, the western countries control only 27 percent. and that is increase that because many african countries are now saying we want to join and we want to john brooks and countries such as an idea and other event in the arab world. i joining the brits and if the western world is not very careful, then brooks is the next big thing in town. even if it is not. it does not look like it now. but what do headwind the western world is already resisting? are they already saying they are going to sanction you? so is the, what one of the choice is, sanctions? the already going to say that we are going to impose thought, if

a non target battery is only a goods, they already go saying that we are going to ensure that we deny you access to credit through institutions such as the am, if underwater. then another thing that they are doing is that many wisdom countries are now acquired an interest in african development bunk and is not lost on me that often a jenny, the 2nd largest shareholder in the african develop, been found is the united states of america, the germans are the, the jump and these are the, the british of the, the french isaiah. and as i've said that different from the african development bank is in danger of being an african bunk by name only because it is fundamentally controlled by those shareholders. so this is going is not going to be easy. there's going to be divide and rule. and i suspect that a number of african countries are going to be don't we prepare for, give you

a debt. if you don't joined the bricks, but i hold the view when i put this cane that breaks. if we remain faithful dates the agenda provide us with an concludes with an opportunity to participate in on economic order which they understand and which they participate in from us. on point of respect and as for dr members, as opposed to institutions, sides of the mf under was bank, which was created when african countries was still on. the colonial you'll speaks is the way to go. i hope and pray that the to the succeed, difficulties will exist, but those difficulties can be converted into opportunities. conversation around africa continues apace, but let us have a break. we see you in a short while.

the take a fresh look around is life kaleidoscopic, isn't just a shifted reality distortion by power, tired vision with no real live indians. fixtures designed to simplify will confuse really one say better wills, and is it just as a chosen few. fractured images presented as 1st? can you see through their allusions, going underground? can the

i am here to remove the, he, uh, power dies gardens in campbell county in the republic of kenya. we continue with our conversations about the continent of africa. and today we focus on a country that has the rich history, the historians at one time, refi doha, as i've seen you, but known to most of the odd as a seal on one of which is great, is claims to fame, is that it is a country that was never color nice. that is not to me. the one know attempts of color nice dish. there was and after the violin conference in 18841880 5, the pin flour that made as.