now by business is clifford coonan who has long experience covering china clifford the asian development bank isn't the only multinational lender that signal close look at chinese status is that's right the world bank is also examining it now and i think people are das questions about do we really need to be lending money to china when as we saw last week we have the belgian road forum in beijing of which china highlighted how it's lending money to other countries in the region and to build its influence and to to move into other parts of the world so i think people are wondering now what is going to happen with with lending and china now the a.t.p. says that it will keep lending for climate change product projects in this case talk about china is that something that's just really needed in china or is this just sort of a face saving measure to keep lending to them but i think as we saw in the in the report just there you could see the era beijing i mean pollution it got a lot better for the environment is very much on everyone's mind so i think projects towards environmental issues are somet

business of asia i'm stephen beard's in berlin thanks watching the annual meeting of the asian development bank is underway on the island of fiji the finance ministers and central bankers from a lender sixty eight member countries are in attendance so far two issues have dominated the agenda first a debate about whether china is now too rich to need funds from the bank the second an even longer term question how to stave off the most devastating effects of climate change take a look. whether it's forest fires extreme drives or hurricanes wreaking havoc the devastating consequences of climate change are already plain to see in the coming decades the effects are expected to intensify. pacific islands like fiji the host of this year's asian.

still in need of cheap credit that's one of the big questions at the annual meeting of the asian development bank were members note that beijing itself is lending to countries around the world. and today marks the end of u.s. waivers for importers of a ranee an oil that stands to be a major blow to tehran what it tighten sanctions mean for major economies like india and china. also on the show france and germany team up to subsidize battery cell production they call it a strategic investment in the face of tough asian competition others call it a waste of money. and you're watching the business of asia i'm stephen beard's in for lent thanks watching the annual meeting of the asian development bank is underway on the island of fiji finance ministers and central bankers from the lenders sixty eight member countries are in attendance so far two issues have dominated the agenda first a debate about whether china is now too rich to need funds from the bank the second and even longer term question how to stave off the most devastating effects of climate change it's a look. whether it's forest fire is e

at the national development bank, so we are a player in making these things happening. we helped restructure some of these markets and deals, and we are not so much helping to finance them anymore, but we are helping the market to finance them. brazil,what is going on and i think the results are coming, and with the vote for pension reform, i think that investment flows will be open. to the viceke president a few weeks ago and he was positive about the asset fields and surpassing that cool for the year. we want to get into what sort of opportunities there are for the private sector. that you havew recognize the importance of latin america a while ago. no wonder, you have been to mexico and guatemala to see things. give us some of your impressions. sen. cassidy: good evening everybody, good afternoon. i do not pretend to have the expertise of my colleagues. it is clear that the americas can do really well together or we can do not so well together. there is much to learn. we can look at the crisis of the border as a symptom of things that do not go well, or what is happe

other banking related services to individuals in the developing world so this has a huge impact on solving some of the underlying issues in the banking sector. i'm so glad you mention k y c n n your identity is such a critical part of who you are and your digital identity that's an entirely new frontier where all the custom with our like physical identity here in the world with our driver's license passports but how can we track someone's digital identity online. yeah that's a great question right and so we're tracking someone's digital identity one of the issues right now is when you have a physical identity you can go to a bank or somewhere and you can actually show that physical identity when you're online there is that layer doesn't exist right so what you're doing right now is your generally keying in maybe there's a photo take in and a photo taken of your passport or your identity and that can actually be very easily photoshop to match and you know for $20.00 you can get around a lot of these digital identity checks and with block chain paired with other technologies we're pretty exc

the asia development bank is already quoted at $1.5 trillion worth of infrastructure funding, it is a. this is a real demand to build prosperity across the region. there is already an incredible amount of international interest in putting real money to work. let us look at the risk rewards for of these asian economies that have participated in this belt and road initiative. what are the risks was gelai was lucky enough to be of the belt and road forum hosted by president xi in beijing. one of the things that came through clearly was the maturity of discussion around the debt burden and how countries along the belt and road need to make sure it is sustainable for them so that the debt they are taking on is not going to cripple them. that goes alongside the sustainability of green finance and green investment along the belt and green investment along the belt and road. this consciousness is definitely building. the awareness for the countries as well as china and the other funders is very much... from what you're saying you seem much... from what you're saying you seem very much... from

two months ago, the inter-development bank voted to -- last month, the g-7 foreign ministers issued a statement saying that the may 2018 presidential election lacked legitimacy and called on the maduro regime to "restore the authority of the national assembly." voted to stand with the venezuelan people and recognize guaido's government is only true representative of venezuela. as we gather here today, president guaido's meeting with members of the national assembly, some of whom have come under harassment by the national guard and intelligence service. let me take this opportunity to be very clear. the safety and security of president juan guaido and his family are a priority for the united states of america. [applause] the unitedpence: has been tough, stood strong for freedom in venezuela. as the president said, we can be tougher. regime inmaduro particular, the supreme court of venezuela has undermined -- undermined its constitutional mandate to protect rights and the rule of law. sadly, of late it has become a political tool for a regime that promotes authoritarianism. it is time f

one thing we are seeing is a lot of movement into single name multilateral development bank debt, et we are also continuing to see a lot of interest in investments. direct investments. technology being a key area people are interested in. health care to a lesser extent. increasingly, a real focus on investment with the potential of making money, but also a positive societal environment allow come. -- environmental outcome. manus: we saw foreigners bailing out of the quoted equity markets in china. we need to see where the trade war goes. seeing acally, are you material shift in allocation? how does it play out? graphically -- too graphically. there is a lot of demand for chinese opportunities in the tech space. also through europe. there are amazing business is continuing to evolve there. the interest in u.s. tech and tech coming up again from a sector perspective and whether a tech opportunity is an interesting opportunity across europe. there is a lot of interest there. the commonality is tech. ,n addition to that opportunities which not only make money, but have a float of a secon

freedom-loving countries of the lima group and the g-7 are the world bank and the inter-american development bank. together we will give aid, rekindle access to trade finance , so the venezuelans can get goods back on the shelves, extend lines of credit for new businesses, and help the venezuelan government meet its basic needs. once venezuela's democracy is restored yes right. -- restored, venezuela's future will be bright. across this hemisphere or across the world. the united states today again calls on all nations of the western hemisphere to stand with the venezuelan people as they rise up to restore freedom, democracy, and liberty to their nation. freedom springs from the hearts of people all over the world. history records, it has always sprung in particular from the hearts of people here in the new world. i believe with all my heart freedom will continue to ring, not only across this land, but across this hemisphere. across this hemisphere of freedom. free.ela will one day be in the words of simone boulevard bolivar, on behalf of my fellow americans, we say ustedes.tamos con we are with y

except the asian development bank suspended funding for the project and worrying has stopped. which has left some without work on the other leg. what i would like to demand now is to restart the mining process we've been praying for this and people work in mining their livelihood is in good condition but now they're facing challenges everyone is in a difficult situation. numerous attempts to contact the china road and bridge corp were unsuccessful civil society groups say the chinese state owned company has been doling out excuses instead of compensation. they chose to disobey laws that are already in place with the c.r.b. c came to construct the road they didn't respect the rights of the local population . while smaller quarries continue to supply road builders observers say large scale projects in korean state should wait until a final peace agreement is reached between the government and the region's armed ethnic groups until then a project meant to unite is instead sowing seeds of division. and disease. now south korea is the place to be if you want to get a glimpse of the

into our american development bank financing a village in the middle of the amazon this was unprecedented. for fini movement to . get an a still not only until just simple for me to be able. to see the. kind of muscle the financial means having the only tribe choosing ecology choosing sustainable development because that was the lure of the longer than the lure of the oil exploration and the gold exploration. but once they went resort. they went to collage ecosystem level development the entire area turned to be a national park that might be the national park. us. whether. it. was one of these then we would look. yes taliban controlled there were no means more if i would i think being on the frames. of bin if you want to nickel meant i was a nice you know the almost then and then i'm going to need a policeman is unless you're just once upon a thing then you've got my you know meant to move from us into the novel but from through the. stories that i bring back now are less about trying to show i've been to places that haven't changed it's actually coming back with stories about what those

into american development bank financing a village in the middle of the amazon this was unprecedented. for theming. getting a film that will be in tedious to compete with. you know but up instead of must. have been the only tribe choosing ecology choosing sustainable development because that was the lure of the longer than the lure of the oil exploration and the gold exploration. but when they went resort they went to collage ecosystem level development then diarrhea turned to be a national park that might be the national park. us. in food. and we were in. control and they were more. i think i think the names. have been if you want to comment on the me you know the then there. is in my uniform support of the navy goes my you are meant to move from us into the novel but i think the. stories that i bring back now are less about trying to show why been the places that haven't changed it's actually coming back with stories about what those places are today in all of their manifestations. it's over 30 years since i was at coke and gas and there are co-pay and dance and hot rins all over th

the fifty second annual meeting of the asian development bank kicked off on the island nation of fijion wednesday the theme for this year's gathering is prosperity through unity delegates attending the meeting will include sixty eight member countries both within and outside the pacific asian region they will meet through sunday among the agenda items for the a.t.b. die. again it's are some significant initiatives on climate change and plastic pollution in oceans that a.t.v. is now planning to spend eighty billion dollars by two thousand and thirty to mitigate climate impacts on asian countries the summit host like many countries in the region is extremely vulnerable to rising sea levels as warmer temperatures continue to melt glaciers and polar ice caps earlier today the eighty launched their planned action plan for healthy oceans and sustainable blue economies the plan calls for the a.t.p. to spend five billion dollars in the next five years to fight marine plastic lucian which they say threatens the regional marine economies. cryptocurrency is finally gaining legitimacy after years

the asian development bank suspended funding for the project and worrying has stopped which has left some without work on the other leg or on how knowing what i would like to demand now is to restart the mining process we've been praying for this and people work in mining their livelihood is in good condition but now they're facing challenges everyone is in a difficult situation. numerous attempts to contact the china road and bridge corp were unsuccessful civil society groups say the chinese state owned company has been doling out excuses instead of compensation. they chose to disobey laws that are already in place when the c.r.b. seek came to construct the road they didn't respect the rights of the local population. while smaller quarries continue to supply road builders observers say large scale projects in current state should wait until a final peace agreement is reached between the government and the region's armed ethnic groups until then a project meant to unite is instead sowing seeds of division. and. headlines on al jazeera rebels have begun redeploying fighters from 3 maj

into american development bank financing a village in the middle of the amazon this was unprecedented. that. was kind of must must if you notice i mean having the only tribe choosing ecology choosing sustainable development because there was the lure of the longer than the lure of the oil exploration and the gold exploration. but when they went resort they went to collage ecosystem level development the entire area turned to be a national park that might be the national park. when. they want more. ice is going to be financed. beneath. i miss you know. they're not going to. move to mustn't they're not. the stories that i bring back now are less about trying to show i've been to places that haven't changed it's actually coming back with stories about what those places are today in all of their manifestations. it's over 30 years since i was at coping again and there are co-pay and dance and hot rins all over the world that have suffered the same plight. but you know what it's not too late maybe for some places it is but it's not too late for other places. i was once in the only in peru.

interim eric and development bank financing a village in the middle of the amazon this was unprecedented. for seeming woman to . get in a still not fully into a just for me feel just the a long face you know. scott muscle the financial means having the only tribe choosing ecology choosing sustainable development because that was the lure of the longer than the lure of the oil exploration and the gold exploration. but when they went resort. they want a call logical sustainable development entire area to be a national park that might be the national park. if we do small with a full novel if. he's willing to move when. yes i live in control and they will know me as more and i will i think going to be financed one full of bin if you want to make a mint and a nice you know the gun laws then and then i'm going to need a policeman who is in my unit for support of the new guy will my you're going to move from us into not up but from. the stories that i bring back now are less about trying to show i've been to places that haven't changed it's actually coming back with stories about what those pla

the 52nd annual meeting of the asian development bank is starting. has been discussing whether an increased interest rates on financing to countries such as china, that now exceeds a certain income level. let's cross over to the event and our chief international correspondent, haslinda auman. what do you have for us? inlinda: just to put it context, some discussions among some countries that perhaps china no longer needs loans because it is dispersing loans themselves to imagine economies through the likes of the belt and road initiative that has been going on for some time. there has been a lot based on that. prospects for the growth for the asian region. good to have you with us. what are the priorities of this meeting? what do you hope to achieve? -- we want to .howcase the development is very well-managed. haslinda: infrastructure. one of the interesting things right now is china's role in dispersing loans to its belt and road initiative. there's discussion about a debt trap? >> the initiative is a very natural idea. linked between europe and asi

percent minister in one cannes economic advisor says more loans from the world bank and asian development bank a likely. one of the bailout terms of rude people have been devalued against the dollar and electricity and gas prices will increase by mrs critics furious as come on higher reports from islamabad. after months of negotiations with the international monetary fund and the agreement on a $6000000000.00 loan package. government. economic crises and there did. may not be did. but. pakistan needs to undertake a very painful but it's an adjustment reform that the country will need to undertake most notably it includes a more flexible. second reforms in electricity and gas sector. reforms in the public sector enterprises which are throwing up huge losses. and election campaign. previous governments avoiding excessively from the i.m.f. . now he they agreed with the organization saying the wall won't be affected by debt something many people here aren't buying and. i'm a painter and if we talk about the dollar rupee parity it goes without saying that a falling rupee will mean rising costs for

he spoke to bloomberg on the sidelines of the asian development bank meeting in fiji. >> it is not reallyt to get to the b level. a year or two years, not our target. we know our job is not done until we did that. i think one of the reasons why we have an update is because of structural reforms done on top of the use for economic statistics. we have other reforms like strength of central bond to deal with new challenges, the hanging -- which we are as far back as president trump's term. national payment system and -- so the tax reform was also one part of this. been urging us to do that. we did it through our own, part of the economic problem. nobody is telling us to do this. we embrace a lot of this. it is only fair we get -- >> so a minus -- >> definitely and hopefully. haslinda: in one year? >> we have to go through stable -- haslinda: [indiscernible] >> possibly. haslinda: does this reflect true value? it >> it still does. it is stable and [indiscernible] got heftymber one, we to more, equivalent than seven months of import, $52 anlion u.s. and we have inflow of dollars from our worke

and in the international instititutions like the imf, the insured development bank, people are scaredo even say the truth that this bully of the unitited ststates, especialally with thed of president that we have right now, no one wants to speak the obvious facts of how much damage is being done, how many lives have been lost, how much suffering is being created, how many refugees are being created deliberately. and then of course you get "the new york times" or someone else saying it is maduro or whatever because they don't even look at the obvious process. amy: any of democratic leaders as well in congress saying the same thing. we're going to turn right now to a democrat in congress. we want to thank jeffrey sachs am a leading economist, director of the center for sustainable development at columbia university. we will lilink to your report yu put out headlined "economic sanctions as collective punishment: the case of venezuela." and miguel tinker salas, anchorage on his, professor at pomona college, in claremont, california. we turn now to congresswoman ilhan omar. she is the firs

guaido and was appointed by guaido to serve as venenezuela's representative to the inter-american development bank. edgardo lander, could you talk about the media coverage and what that means? well, it is obvious the corporate media has been following u.s. policy. it happened during the iraraq w. it happened in libya. it happened all over the place. the papers like "the new york times" turn to the critical after the fact. maybe three years from now, they will be critical of the position in relation to what is happening in venezuela. but i also think it is important to recognize that the problems in venezuela are not black and white. it is not in issue of the democratic government presented by maduro as a fascist opposition. their problems are much more complicated. and i think one has to take into account the serious economic and committed terror in crisis in venezuela is mainly -- humanitarian crisis in venezuela is mainly due to the capacity and corruption of the maduro government. it is true the last few years, you sanctions has become a really critical, important issue. the fact that there is

talking about the infrastructure, the investment bank, the go to creditor, right now, for those in need, do you think they ought to have better developing standards through the bank? and other tools that we can use to try to be able to force that? >> absolutely. and that is something that we are absolutely focused on. >> when we are talking about the world bank, it is often about turning out large loans, environments are left behind when we look at where they are running too, the bank is supposed to be up to prioritize them. how can we address the initiative with beijing when there are major ambitions, obviously, shouldn't the world bank be more incentivized to tackle some of these challenging projects? >> let me just say that i could not be more pleased at my secretary, david is now leading the world bank, for the first time in a long time we had untested votes uncontested, on this. i think david is very focused on reforms at the world bank, and is very focused on these issues, that you talked about, like making sure that the world bank is working with countries that really need the money, and making sure that they are consistent stand

almost all real estate developers did and often renegotiate with banks. it was sport. additionally, the very old information put out is a highly

the asian development bank suspended funding for the project and quarrying has stopped which has left some without work on the other leg right now knowing what i would like to demand now is to restart the mining process we've been praying for this and people work in mining their livelihood is in good condition but now they're facing challenges everyone is in a difficult situation. numerous attempts to contact the china road and bridge corporation were unsuccessful. civil society groups say the chinese state owned company has been doling out excuses instead of compensation. they chose to disobey laws that are already in place when the c.r.b. c came to construct the road they didn't respect the rights of the local population . while smaller quarries continue to supply road builders observers say large scale projects in current state should wait until a final peace agreement is reached between the government and the region's armed ethnic groups until then a project meant to unite is instead sowing seeds of division. and disease. in the west african nation of opposition is refusing to acc

discussed this big financial and economic component, in particular, huawei and zte leverage chinese development banks to offer very favorable capital, terms on capital investments, to help subsidize deployment of huawei and zte structure globally. however, this dominance creates a number of national security concerns. independent of huawei and zte, china has sufficient penetration into the global internet that they can re-vector large blocks of traffic to deny access to the internet. for example in 2010, china telecom hijacked 15% of the internet for a total of 18 minutes and was able to rotate through chinese systems. there have been a slate of more focused attacks targeting western governments, news organizations and financial institutions that have all been launched from chinese telecoms here in north america. while the sec has recently denied china's mobile license, they have had one for over two decades in china and have used this to execute cyber attacks. increases in market shares will only give them a larger platform attacks in less attributable ways. there need to be consequences for blatant

prime minister imran khan's economic advisor says more loans from the world bank and the asian development bank are likely under the bailout terms the rupee will have to be devalued against the dollar and electricity and gas prices will go up the prime minister's critics are furious has come out high reports now from islamabad. after months of negotiations with the international monetary fund and the agreement on a $6000000000.00 loan package bugger's gone government needs to current draw economic crises and there did with the i.m.f. may not be did. but if. pakistan needs to undertake a very painful but it's an adjustment to perform that of the country we need to undertake most notably that includes a more flexible couldn't see 2nd reforms in electricity and gas sector turd reforms in the public sector enterprises which are. throwing up huge losses. and election campaign ever on conic you with previous government for avoiding excessively from the i.m.f. . now he'd. agreed a loan with the organization saying the wall won't be affected by death something many people here aren't buying and. i'm a

can be taken care of by the development banks as the governments would also internationally. thank you so much for speaking to us and xandra billick from the displacement monitoring center joining us there from geneva thank you very much for your insight thank you for the ride hailing company has launched its shares on the stock market for the very first time. over as chief executive rang the opening bell on the new york stock exchange the initial share price for what's expected to be one of the biggest stock market list exists here was forty five dollars a share that values the company which has a made a profit since it started ten years ago at eighty two billion dollars christensen only joins us now live from the new york stock exchange christine there was a lot of excitement a lot of anticipation leading up to this i.p.o. why why why so much excitement over a company that has yet to be profitable. yeah well the name ober has become synonymous with the ride hailing the technology has really changed the transportation landscape the app is now available in sixty three countri

. >> the indonesia finance minister, speaking to us from the asian development bank meeting, which tookry policy decisions. central banks from australia, new zealand, malaysia, the philippines -- they are all set to go. thailand is the only one which is not really alive with the potential for a cut. make sure you watch for coverage of all those decisions. >> we have trade, inflation, tpi, cpi, credit data to wake up the week. plenty to work on the docket. we also have big interviews. >> we will be joined exclusively by the jp morgan boss jamie dimon. don't miss that. ♪ announcer: the following is a paid presentation for emeril's all new power air fryer 360, brought to you by tri-star products incorporated. emeril: hey, everybody. it's emeril with huge news. we're introducing an all-new pro-grade appliance that now you can have in your home. so, you ready to kick it up a notch? [cheering] announcer: we all love fried foods, but we hate all the health problems they can cause. what if you could make your favorite fried foods without so much of the unhealthy fat and calories? now you can! i

what are the world bank, ims and asian development bank doing to support the initiative? >> i can speak for the imf and world bank. they are both very focused on debt transparency and making sure that china follows rules of debt transparency that are consistent with the paris club and others. making sure that have been taken on by those countries, sustainable, and affordable. if there is proper financing for infrastructure, that's one thing. loan to own is an appropriate. >> how is the u.s. ensuring that countries are not becoming overly indebted to china and entering predatory contracts? >> those are conversations that we have had consistently, there is a lot of support from a lot of our allies on this issue. >> i'm about to run out of time. i would like to forward information from burma to you for further discussion. i yield back. >> the gentleman from connecticut, recognized for five minutes. >> thank you, madam chair, thank you mr. secretary for being here. i want to revisit the treasury decision to the list -- the list associated entities under control at the time, by

and c do you think china will be seeing this and the developments of the bank as they try and promote that as as presaging the end of the dollar or as you well know several people were several countries in the world looking for replace mark beast a competitive with u.s. dollar it is starting to happen there are the banks that the chinese and others have developed to compete with the u.s. dollar and it's happened i mean when the pound sterling lost its status it didn't happen in that year didn't happen in a decade but it happened and the same thing is starting to happen with us start i know you've been saying for a while lots of people been saying for a while and you you just put your historian hats on there saying mentioning the british empire why has it taken so long for countries like russia china iran to start using currency swaps in rubles and romney miss 1st of all there's no went for structure to call up your bank and say i want to do something else the bank doesn't know what to do nearly and earlier everywhere in the world including america including in iran so.