the development bank supported a thousand projects in the first year. how much was the new application financed by the business in belarus? what function has become available in the smartphone and experts predict a global increase in coffee prices, which could be the reason for this and not only we will tell you in the next few minutes on the air of economic news in alina lapu's studio, good morning. over 13 billion dollars of export customs duties went to the budgets of the eu countries last year. it's 20% more the chairman of the state control committee named such figures for the previous indicator, noting that for the eu the issues of creating equal conditions for the economy and in the countries of the union of common energy resources markets and strengthening the international authority of the allied five continue to be a priority. the development bank financed the first year about a thousand projects of small and medium-sized businesses from various sectors of the economy. the total amount of support is about 300 million rubles. at the same time,

, the wall bank, the african development bank, asian development bank. and i m f were front and center wanted parties agree to day news reform. why? because climate risk translate into financial risk into macroeconomic risk. so day now is an agreement that the well bank will reform its business model that it will not just be traditional development, but climate small develop, which means that every dollar, every euro, which goes from the world bank into the fields, will not have this climate lens provided to it at the end of the day, it is not about the millions on the table at the end of the day is quite frank, not even about billions on the table. it's about shifting the trillions and for that's the finance institutions which we have designed since the 2nd world war needs to become fit for purpose while bank gum fit for purpose. but a challenge is off today, and that was one of the fundamental outcomes call 27 patrick, very briefly then yes, in an ideal world that the finances would work in a way that could help developing countries and continents like

the development bank has increased the amount of credit resources for small and medium-sized businessesa half times. in total, over the 8 years of the existence of the program, almost 7,000 projects have been financed for almost 2 billion rubles. today the product line includes 13 credit products. they are focused on supporting a wide variety of business groups from start-ups to agriculture. anton malyuta has collected several examples. injections, tablets, powders, everything necessary for veterinary medicine is produced here in the urban village of svisloch. a private company once started selling feed, but later decided to master the production of drugs. today, employees are convinced of the correctness of the decision, most of the products are exported. and it brings good profit. geography of deliveries of our e, medicines. very extensively, these are strange cis countries, as well as foreign countries from far abroad, respectively, from the public of belarus more than 70%. it is our export to the cis countries that the great demand was the reason to expand the area in the new worksh

with each country, the central bank develops its own set of measures for the transition to settlementsnational currencies. and you can detail. we are now undergoing an active process, after all, changes in the currency structure of revenue, and we can see this from banking statistics. that is, we increase e. blow e export earnings received in national currencies, including in rubles, but also in yuan. if you look at the volume and trading, the yuan on the stock exchange, they have grown there many times more than 20 times. this shows such a process, too, of the transformation of the currency structure of our economy. and just the transition to national currencies in trade, as well as major projects in the field of energy and increasing oil supplies from our country, these and other issues are in the spotlight at the talks of the heads of foreign affairs agencies in russia and india sergey lavrov, receiving a colleague in moscow, especially emphasized our countries are linked by strategic partnership relations. what else did the head of the foreign ministry emphasize in alexander lyakin

the development bank has increased the size of loan products for companies of any form of ownership. snowdrifts of almost 2 m and cars drowned in the snow unprecedented snowfall hit new york, snow with a transition to the dosche, ice, difficult weather conditions persist and in belarus today weather forecasters announced a storm a warning. high-tech import substitution exploration of new markets components of success, especially in the context of sanctions belarusian designers have assembled a machine for the production of biodegradable packaging for vegetables and fruits the novelty has completely replaced the european equipment capacity allows packaging up to 30 positions per minute there is already interest from agricultural producers in belarus russia per year pilot plant produces up to 800 pieces of equipment and mastered 60 types. to date , the experimental plant, e, has mastered e, order 60 new machines are, and, uh, planting potatoes, this is storage. this is a recess for the preservation of vegetable products. this is a pre-sale preparation, which includes washing and polish

they are more available on the development bank website so.

what effect from the work was supported by the smartphone development bank in the next few minutes you are watching economic news. the second block will help replace 40% of the energy in the country. now the facility is in a high degree of readiness viktor koronkevich on the sidelines of the atomexp forum, which is taking place in sochi, the effect of the station's operation is already there from the moment it was turned on. it was saved in the network more than two with a half billion cubic meters of gas. march has prepared a new clarification on the regulation. price. so the department explained the procedure for pricing when purchasing goods. on the terms of the discount, the section question and answers has also been replenished with answers to frequently asked questions on the application of this resolution. all information can be found on the website. helping businesses adapt to new market conditions the development bank increased the amount of loans for small and medium-sized enterprises by one and a half times in autumn today's business product line includes 13 loan-oriented pr

and when the full-scale aggression began, the national bank developed such a tool as blank lenders financing loans for liquidity support, that is, the national bank is a lender of last resort and banks can turn to it in the event that they arise difficulties at the beginning, many banks at the beginning of the full-scale aggression, many banks turned to the national bank, such creditor financing credit cards received loans to support liquidity, but already somewhere in the summer and already continuing in the fall, a lot of banks returned these loans since the situation stabilized and there was no longer this support and how much i i know that now even the national bank is ready to stop this and that blank refinancing loan instrument and return to the current practice that operated in our country before the beginning full-scale greece of ordinary loans to support liquidity, therefore, the situation is completely controlled, banks that need support from the national bank, it can be like a situational situation, for example, when there, at this moment, the clients have withdrawn more funds tha

the goal, as it were, and the direction of the development bank is to reduce the cost of these productserprises, respectively, our rates are currently below the inflation rate for the entire line, and we provide long-term loans, that is, our loans for up to 5.5 years. the bank is meeting the needs of its customers and adapting the lending conditions to the situation that is developing in the market and financial support is bearing fruit ; revenues are growing and new ones are appearing. jobs anton and dmitry chuma as a tv news agency from an idea to a successful department belagroprombank summed up the results of the start-up marathon within the framework of the business week . at the moment, we have several legal entities from this project, which, from the moment of the idea, were able to become economic entities of the republic of belarus. already startups that have prototypes of their products, or already the first sales, which from the point of view of a startup appears to be a good basis for attracting the next rounds of investment. we, as the organizers, note that this is a real c

development effort. thank you to our construction and lendser chase bank for funding the development. i would like to thank acknowledge -- henry, wendy richardson and linda for their hard work and next i like to thank the staff at bridge. we could not have reached such a mile stone without you our accountant. and also a some thanks to our community and residence dents services team for their work to support potrero residents. thank you to jeffrey mccormick and bpmc for letting the potrero hosting and available to answer questions. and finally i want to lynne and ellen for host thanksgiving events. thank you all. [applause]: >>ing events. thank you all. [applause]: >> music music [music] >> this is a meeting of the recreation and park commission. would the secretary pleaz call the roll. >> commissioner brule. >> here. >> anderson. >> here. >> griffin -- commissioner [indiscernible] >> here. >> commissioner mazzola. >> here. >> and jupiter has been excused. we acknowledge we occupy the unceded homeland of the original inhab tans of the san francisco peninsula. we honor them as their tra

and a city the development bank is a financial institute that deals not only with financial projectsonomy, and not only develops some specific production enterprises. we strive to develop. today outside the financial sector. this is the first four venues that will be were built this year in the mogilev region and we hope that the project will be of interest to other authorities and we will expand it to other regions. belarusian-russian university from tremolos i will give the name of alexander solzhenitsyn to the code of the house of russian zameshiya this collection of books the ceremony was held on the basis of the pushkin center. i take into account the idea of ​​the organizer , they have a leader on the fact that here the emphasis on improving the technical sciences is divorced from students and lyceum students from the social humanitarian direction of the train for self-interest, the project has become a broom closely spouse. a place to remember the grandchildren of ukraine 300 books, various topics, here are russian classics and works by the authors of the silver age of the aut

development effort. thank you to our construction and lendser chase bank for funding the development. i would like to thank acknowledge -- henry, wendy richardson and linda for their hard work and next i like to thank the staff at bridge. we could not have reached such a mile stone without you our accountant. and also a some thanks to our community and residence dents services team for their work to support potrero residents. thank you to jeffrey mccormick and bpmc for letting the potrero hosting and available to answer questions. and finally i want to lynne and ellen for host thanksgiving events. thank you all. [applause]: >>ing events. thank you all. [applause]: >> music music [music] >> my apartment burned down 1.5 years ago in noba. my name is leslie mccray, and i am in outside beauty sales. i have lived in this neighborhood since august of this year. after my fire in my apartment and losing everything, the red cross gave us a list of agencies in the city to reach out to and find out about various programs that could help us get back on our feet, and i signed up for the below mark

the key issue is the role of the multilateral development bank like the world bank and other developmentf that nature. francine: lord turner, we are being told by many participants that the world bank is not as aggressive as they could be and there seems to be a feeling that governments are putting energy security before energy transition. what does that mean longer-term? lord turner: look, i think if you were to look at europe, i don't think you see energy security before energy transition. in the europe and the u.k. the response to the ukraine war and the energy crisis has been quite a significant acceleration of a -- of policies that will help the energy transition. around the world you are seeing a debate about it. we on the commission are doing some work on sub-saharan africa. the big debate there is does sub-saharan africa need oil and gas? can you skip a generation broadly and go straight to renewables the key issue is the finance and it is the cost of capital. if the cost of capital can be relatively low then sub-saharan africa can develop a clean energy system primarily on the b

development effort. thank you to our construction and lendser chase bank for funding the development. i would like to thank acknowledge -- henry, wendy richardson and linda for their hard work and next i like to thank the staff at bridge. we could not have reached such a mile stone without you our accountant. and also a some thanks to our community and residence dents services team for their work to support potrero residents. thank you to jeffrey mccormick and bpmc for letting the potrero hosting and available to answer questions. and finally i want to lynne and ellen for host thanksgiving events. thank you all. [applause]: >>ing events. thank you all. [applause]: >> music music [music]

our banks, community development and minority depository institutions.i addressed this forum last year, i told you how we were looking into how special-purpose credit ramps could be used expand homeownership opportunities. we know how useful these programs have been for lenders looking to extend mortgage credit to borrowers who might not otherwise get deal, borrowers who often include women, people of color and persons with disabilities. we made it clear that these programs, for real estate loans or credit assistance, are not prohibited by the fair housing act. over the past two years, j.p. morgan, citibank, bank of america and legacy home loans have each implemented programs to help bring more homeownership opportunities to communities of color. i applaud that work. and i look forward to seeing what we will do to create more opportunities. further, hud is soliciting actionable feedback on the availability of small balance mortgages. we want to know what barriers prevent you from originating these loans on 20 recommendations for how we can increase the v

ready to substitute the development bank so in the fall the amount of credit resources of a small and medium-sized business. increased by one and a half times , in just 8 years almost 7,000 were financed projects worth almost 2 billion rubles. anton malyuta, but the investments the country needs. injections , tablets, powders, everything necessary for veterinary medicine is produced here in the urban village of svisloch. a private company once started selling feed, but later decided to master the production of drugs. today, employees are convinced of the correctness of the decision, most of the products are exported. and it brings good profit. geography of supplies of our e, medicines . very extensively, this strange cis is also strange far abroad. well, respectively from the audience of belarus is more than 70%, it is our export to the countries of the cis that the great demand has become an occasion to expand the area. we stopped by the new workshop last year, by the way, it was built according to a special requirement, the eu which will enter into force in 2024 there, and at the sa

development effort. thank you to our construction and lendser chase bank for funding the development. i would like to thank acknowledge -- henry, wendy richardson and linda for their hard work and next i like to thank the staff at bridge. we could not have reached such a mile stone without you our accountant. and also a some thanks to our community and residence dents services team for their work to support potrero residents. thank you to jeffrey mccormick and bpmc for letting the potrero hosting and available to answer questions. and finally i want to lynne and ellen for host thanksgiving events. thank you all. [applause]: >>ing events. thank you all. [applause]: >> music music [music] >> my son and i was living in my car. we was in and out of shelters in san francisco for almost about 3.5 years. i would take my son to school. we would use a public rest room just for him to brush his teeth and do a quick little wipe-off so it seemed he could take a shower every day. it was a very stressful time that i wish for no one. my name is mario, and i have lived in san francisco for almost 42

sash good morning , the main calculation for the development of internal investment potential. well, not only now i will tell the bankished a draft of the main directions for the development of the country's financial market for the next 3 years. this is the key document of the regulator. updates it annually. well, this time it is not difficult to guess in terms of external conditions. the background had to be revised a lot, hence the priorities that the regulators singled out. this is an increase in the role of the financial market in the transformation. of the russian economy, the transformation of the system of foreign trade payments and settlements, digitalization and improvement of the payment infrastructure, the structural transformation of the economy is specified in the project will be associated with significantly increased investment needs, it is planned to focus on strengthening the role of the market to solve this problem. capital finance business. the central bank puts the financial institutions to develop the international financial system. the transition to a national currency and, in general, an incre

development effort. thank you to our construction and lendser chase bank for funding the development. i would like to thank acknowledge -- henry, wendy richardson and linda for their hard work and next i like to thank the staff at bridge. we could not have reached such a mile stone without you our accountant. and also a some thanks to our community and residence dents services team for their work to support potrero residents. thank you to jeffrey mccormick and bpmc for letting the potrero hosting and available to answer questions. and finally i want to lynne and ellen for host thanksgiving events. thank you all. [applause]: >>ing events. thank you all. [applause]: >> music music [music] . >> i love that i was in four plus years a a rent control tenant, and it might be normal because the tenant will -- for the longest, i was applying for b.m.r. rental, but i would be in the lottery and never be like 307 or 310. i pretty much had kind of given up on that, and had to leave san francisco. i found out about the san francisco mayor's office of housing about two or three years ago, and i ori

development effort. thank you to our construction and lendser chase bank for funding the development. i would like to thank acknowledge -- henry, wendy richardson and linda for their hard work and next i like to thank the staff at bridge. we could not have reached such a mile stone without you our accountant. and also a some thanks to our community and residence dents services team for their work to support potrero residents. thank you to jeffrey mccormick and bpmc for letting the potrero hosting and available to answer questions. and finally i want to lynne and ellen for host thanksgiving events. thank you all. [applause]: >>ing events. thank you all. [applause]: >> music music [music] >> candlestick park known also as the stick was an outdoor stadium for sports and entertainment. built between 1958 to 1960, it was located in the bayview hunters point where it was home to the san francisco giants and 49ers. the last event held was a concert in late 2014. it was demolished in 2015. mlb team the san francisco giants played at candlestick from 1960-1999. fans came to see players such a

there we turned to the development bank to lend to current activities for the purchase of raw materialsenue from harmful drugs, increased over 10 months of this year by 35% compared to the same level . . uh, the previous year thanks to such support, yes, and in general, the modernization of the enterprise is growing export plans for the year 12 million dollars. and this is the great stone. recently , a company producing glass for mechanical engineering has joined the ranks of the industrial park. 2/3 of the products of enterprises are exported to russia among customers. the largest plants for the production of agricultural machinery are planning to enter the market of kazakhstan and for this to build a plant there, but first you need to completely complete the move to this site and start working at full capacity under the terms of such the current situation in the market. here we are not getting the funds we were counting on, and therefore this lack of turnover. unfortunately, we have to notice. a number of resources in order to launch this plant to its fullest and such examples can be

development effort. thank you to our construction and lendser chase bank for funding the development. i would like to thank acknowledge -- henry, wendy richardson and linda for their hard work and next i like to thank the staff at bridge. we could not have reached such a mile stone without you our accountant. and also a some thanks to our community and residence dents services team for their work to support potrero residents. thank you to jeffrey mccormick and bpmc for letting the potrero hosting and available to answer questions. and finally i want to lynne and ellen for host thanksgiving events. thank you all. [applause]: >>ing events. thank you all. [applause]: >> music music [music] >> i lived in the mission neighborhood for seven years and before that the excel see your district. 20 years a resident of the city and county of san francisco. i am the executive director of a local art space nonprofit that showcases work that relate to the latino community and i have been in this building for seven years and some of my neighbors have been here 30 year. we were notified from the landl

development effort. thank you to our construction and lendser chase bank for funding the development.ld like to thank acknowledge -- henry, wendy richardson and linda for their hard work and next i like to thank the staff at bridge. we could not have reached such a mile stone without you our accountant. and also a some thanks to our community and residence dents services team for their work to support potrero residents. thank you to jeffrey mccormick and bpmc for letting the potrero hosting and available to answer questions. and finally i want to lynne and ellen for host thanksgiving events. thank you all. [applause]: >>ing events. thank you all. [applause]: >> music music [music] [♪♪♪] [♪♪♪] >> so i grew up in cambridge, massachusetts and i was very fortunate to meet my future wife, now my wife while we were both attending graduate school at m.i.t., studying urban planning. so this is her hometown. so, we fell in love and moved to her city. [♪♪♪] [♪♪♪] >> i was introduced to this part of town while working on a campaign for gavin, who is running for mayor. i was one of the organizers

once again proves that the renewal of routes did not stop, even after the european bank for reconstruction development for projects in our country , the government found an opportunity to replace all these funds and carry out all the activities of the state program of the road of belarus on our highways and other current topics. such as the new system of pricing union projects will tell svetlana luk. a two-level car interchange in an industrial area, grodno, builders erected in just 3 months next to the largest enterprise, grodno nitrogen, during peak hours, car traffic here went off scale. today. i have a capacity of hundreds of cars per hour, in general, such a route - this is only part of the big work that we are doing at the expense of the state treasury after the european bank for reconstruction and development curtailed its programs in belarus work on the canvas has become less space this year. e about 800 km. e, republican roads will be reconstructed and about 1.400 km. on local roads, another topic of today is the fair value of the implementation of the regulatory system continues and as noted

the bank meets the needs of its customers and adapts the conditions to the situation that is developing on the market. so loans this year became available to companies of any form of ownership, regardless of the state's share. european business in bulk closes in the third quarter the number of applications for bankruptcy in the eu increased by more than 16% compared with the previous quarter, eurostat will publish these data. with the trend continuing for the fifth month in a row, the largest increase in the number of bankruptcies in the housing and food segment. here, the indicators reached 24%, a high number of bankrupts and among financial insurance companies , as well as industry, the largest percentage of bankruptcy applications were filed in hungary, spain and lithuania, and so far alone poorer others profit from the general sanctions frenzy british sanda times, suddenly found that the united kingdom since march. it bought russian oil for almost a billion dollars, despite the fact that london officially announced a complete cessation of imports of black gold from russia and wants

what are the prospects for central asia analyzed in the eurasian development bank the economic role and prospects of central asia has not been fully realized over the past 20 years. uh the countries of the region do significant progress with its development since 2000 has increased in real terms by 4. times and the ross region at a rate exceeding the world values ​​for developing countries in the new conditions is of particular importance . west to east open up a unique chance for the region. and in order to be reborn as a transit crossroads, forming the brazilian transport framework, in other words, to recreate the great silk road to a new technological basis. they escorted all the flamingos from kazakhstan to the south, but, apparently, someone decided to linger in order to give us such beauty . a huge flock was noticed in aktau. and the most interesting thing is that the birds crossed the caspian sea not by air, but on foot and thus formed a real pink archipelago. that's all we'll see you in a week in the center of asia. take care of yourself. of the situation in kherson, let me remi

great work that we are doing at the expense of state treasury after the european bank for reconstruction and developmentts programs in belarus, work on the canvas has not become less this year. e about 800 km. e, republican roads will be reconstructed and about 1.400. uh, kilometers of local roads is another of today's topics - this is fair value , the process of implementing the regulatory system continues and as the premier noted, the ministry of antimonopoly regulation and trade publishes comments daily and makes case studies on the most frequent issues. this enables business entities to adapt without loss to new realities. the system will function, if necessary, it means to change it in a particular case. well, there it is conditional to increase the allowance somewhere, because, well , such conditions. so they will really prove to us that such a surcharge is not enough to work break-even on this or that product nomenclature, of course, all this will change. but, uh, you can’t talk about, i know that such moods exist. well, it's temporarily canceled there something else. here, no one will cancel any

the development bank increased the amount of loan products for the company.

i caught up with the big boss of the caribbean development bank.show. let start with this, caribbean countries are some of the most vulnerable to weather—related shocks, simply because of geographic location. just paint me a picture, just how bad is it? it can be very bad in two ways. one is the frequency at which it occurs, every year storms for example goes through the region from the west coast of africa across the caribbean and we have our annual hurricane and they range from tropical storms through to category five hurricanes which decimate countries as we speak equally now there is the climate issue. which as we know did not really originate in a sense of being caused. by the small countries of the region. but who faced a larger brunt of the impact of climate change through the very vulnerabilities that you spoke of in regards to natural hazards. so you have the storms every year. but we have the pandemic like all of us in the world. how much was an impact on covid on the island and are you starting to recover? the impact was immense. let's f

in particular, it is to redirect the resources of banks for lending to critically important industries. for the further developmentries, we will reduce the burden on banks' capital through regulatory decisions when lending to projects that relate to projects of technological sovereignty and modernization of the economy as sources of financing. according to elvira nabiullina, it is necessary to look inside the country, but only the banking sector is counting wrong, because business growth only due to increased lending - this is the way to credit crises, direct investments are important, where private investors, not banks, take the risk, these are bonds and equity offerings, respectively, equity and debt financing russian private companies should to use e more actively, but for this it is necessary to restore the trust of private investors, which has recently been largely lost, and on lazarev, judge yakov mursal mammadov to lead. well, the state duma even today opened an exhibition dedicated to the 75th anniversary of the birth of gennady seleznev, the soviet russian politician. chairman of the lower house, second a

you say you are a multilateral development bank, is| multilateral development bank, is part of the problems been on how can multilateral development banks scale up multilateral development banks scale up theirfinance mum and i think this is the critical part, how can we use our finance to help support much greater investment in the private sector? i think that is the big challenge. how can we use our public capital to help bring in more private sector finance? the aib that is a key goal a lot about investment is a key goal a lot about investment is in private sets of projects or initiatives to help projects to mobilise more. i think there is a lot of support for the role of multilateral development banks, a central role that we must play to ensure that we are on track. the vice president _ ensure that we are on track. the vice president for _ ensure that we are on track. the vice president for the asia infrastructure and development bank. thanks for talking to us. if everything goes to plan the humans could return to the moon, in the meantime astronauts are busy preparing for adventures ah

of the financial banking system and taking into account the fact that the ukrainian banking system is quite developed in comparison with, for example, other banking systems and other entities management by ensuring its activity we can help other e-e subjects other e-e participants of this process and in particular citizens , i.e. banks, it was determined that bank branches, supporting bank branches can be a shelter not only for providing services e-e to natural persons to legal entities and even banal, sometimes a person can come there to charge his phone or connect to the wi-fi network and to access the internet, since such branches will have a backup satellite system communications or if, in the event of a power outage, such branches operate on diesel or gasoline generators or alternative fuels. thus , we as a bank, as representatives of the banking sector, also join such a system of inviolability, as our president said, points of inviolability must be in every to every region in every city so that people have the opportunity to use basic such and such possibilities, functions, communication, heat,

development effort. thank you to our construction and lendser chase bank for funding the development. i would like to thank acknowledge -- henry, wendy richardson and linda for their hard work and next i like to thank the staff at bridge. we could not have reached such a mile stone without you our accountant. and also a some thanks to our community and residence dents services team for their work to support potrero residents. thank you to jeffrey mccormick and bpmc for letting the potrero hosting and available to answer questions. and finally i want to lynne and ellen for host thanksgiving events. thank you all. [applause]: >>ing events. thank you all. [applause]: >> music music [music] >> i have been living in san francisco since 1957. i live in this area for 42 years. my name is shirley jackson, and i am a retirement teacher for san francisco unified school district, and i work with early childhood education and after school programs. i have light upstairs and down stairs. it's been remodelled and i like it. some of my floors upstairs was there from the time i built the place, so th

bank. how much more open has sberbank become today , how much the services that sberbank is developing can , namely in the field of various integrated solutions. it helps a lot. that's why, in this sense, it seems to me, on the contrary, some alignment of the infrastructure is happening a and just e for us this positively a and there are a number of certain things. what we touched on, that ball we got under sanctions and that's it. naturally, well, they know all the disadvantages that are associated with this, and there are pluses just about them, as it were, right now, if i start talking publicly about the pluses. e of being on the shady side after being on the table or now it is no longer clear where what is this, we probably won't go into full detail here. but nevertheless, they are obvious. that's why from the point of view of the overall competitive environment. and we feel, on the contrary, as if from the point of view of the situation there are more opportunities and from the point of view of business opportunities. i agree with andrew they are more than a lot of clients. and we, of

it's the fact you have central banks in these developing countries and that's what malpass mrs. and the world bank misses and the imfs misses. they just don't get it. they can identify the problem but they can't fix it because you've got to get rid of the central banks. it's the institutional arrangement that is screwed up. so how did we get to central banks? well, this comes back to again bretton woods and what forbes was alluding to when you mentioned bretton woods. we had with the bretton woods arrangement most developing countries had currency board systems, which forbes also mentioned. and what's a currency board system? a currency board system is not a central bank. it's the monetary authority that issues a local currency. that local currency trades and an absolutely fixed exchange rate with an anchor currency, and the local currency is back 100% with anchor currency reserves. so the local currency in fact, it's just a clone of whatever the anchor happens to be. if you don't like the local currency you can exchange it freely at the fixed exchange rate. it's all credible bec

i'm going to be asking the big boss of the caribbean development bank. wherever you arejoining me from around the world, once again a big hello and a warm welcome to the show. a power grab at the top of china's communist party has big consequences for the global economy. yet with war raging in europe, a cost of living crisis, surging interest rates on a global energy crisis, china's president xi jinping's consolidation of power at the 20th congress party could easily get a bit lost to make the noise. but, because china's critical place in the global supply chain manufacturing and exporting and its growing power as a consumer and tourist powerhouse means that these changes are incredibly significant for the way that the world's economy is going to develop in the next few years. so with the benefit of a few weeks perspective, let's just take a look at what went down at the congress and what it means the global economy. underlying congress was president xijinping growing influence and power, president xijinping secured an unprecedented third term in office

determine, uh, a list of measures that will be implemented in order to ensure this sustainable development of the bankrussia to ensure structural transformation economy and the development of domestic sources of financing, it is important to expand supply and demand in the securities market to solve problems with external economic payments, it is necessary to strengthen confidence in the ruble, i note that the prerequisites for easing foreign exchange restrictions. at present , the controller according to elvira nabiullina, it does not see the need to help borrowers, enterprises and citizens, and banks will be able to carry out a new credit holiday program for mobilized and members without any problems. their families. now lending is a positive trend, and it will continue so that banks can meet the increased demand. and in the loan we plan to use regulatory incentives. in particular , it is to redirect the resources of banks for lending to critical industries. for the further development of industries, we will reduce the burden on banks' capital through a regulatory decision when lending to projects,

that's according to german investment and development bank a f, w for germany to achieve climate in charlotte by 2045. that yearly investment figure will need to be doubled, says the bank, australia's parliament passed bilateral free trade agreements with india and britain. the deals are crucial for australia, which is seeking to diversify its exports from the chinese market. the deals still need to be ratified by the british and indian parliament's. a casual italy's new right when government under your yo maloney has signed off on its 1st budget. the bill includes a $35000000.00 euro spending plan focused on curbing energy bills and cutting taxes for payroll workers and the self employed. now agriculture is one of the biggest greenhouse gas emitters worldwide, putting it at the center of global debates around climate change. but a start up in sweden is turning conventional farming on its head. pink is not usually the color associated with farms, but it's high time to rethink how food is grown. most farms might still be rural. others sound like an air conditioner and sit in a supermarket. the

support for debt relief, reforms or multilateral development banks, investments to bolster global health security and to make sure the world is better prepared for the next pandemic. the g20 has been an important forum for the world's largest economies, to work together for the good of people everywhere. and i'm looking forward to our meetings tomorrow. now, let me close with this, on my first trip overseas last year i said that america was back, back at home, back at the table and back to leading the world. and the year and a half that's followed we've shown exactly what that means. america's keeping its commitments. america's investing in our strength at home. america's working alongside our allies and partners to deliver real meaningful progress around the world and that this critical moment, no nation is better positioned to help build the future we want than the united states of america. now, i'm happy to take questions and i'm told there are going to be four questioners, but i'm not going to do 10 questions from each questioner, all right? make that clear at the outset here. ken th