that's according to the asian development bank, as trims regional growth expectations. really a more from the lenders, chief economist also coming up will take you to thailand. we're climate change is putting age old cultivation methods of rice growing in jeopardy. i'm 1st cobra. welcome to the program. china as property crisis could spill over to other asian countries. and hold back regional growth according to the asian development back. it says a face, a significant headwinds. if the chinese property market deteriorates further, and the regional growth will be boiled by south asia, largely things to a strong public investment climate india, the abs $22020.00 is the growth forecast by 0 point one percent to 4.7 percent and it has maintained its growth outlook for next year at 4.8 percent stores and returns to free pandemic levels in many asian countries. earlier i asked the asian development banks, chief economist of a park, how much danger and babbled the chinese real estate companies like ever grand or country garden. we're posing. one of the concerns is that becaus

of the cooperative sector and from there in the common portal between the deputy cooperative development bank and the guarantee fund , they can enjoy their facilities in the way of cooperative development and there is still something that needs to be solved in our correspondence and bureaucracy, like a request from me. you have to go to the relevant general office, the relevant deputy, the relevant deputy of the relevant department, the relevant expert, the relevant expert will start from the relevant province, the province that is asking the question, this is the same government process , it will come back again, and after a month or two, you will answer this letter. i think the same system-oriented with it scanning is one of the ways to shorten this path, according to the statistics of the ministry of labor cooperatives and social welfare, the share of cooperatives in the gdp is currently 4.6 percent, which can be improved by implementing various programs and policies. to be increased by 25%, maryam begum, radio and television news agency, i hope that we will soon have very good news for th

and also the importance for multilateral development banks working together. my name is gabriela frias. i'm a business journalist for cnn and i am delighted to be moderating this conversation. we're honored to have you and those following this live transmission. and now i would like to welcome to the stage idb president ilan goldfajn and world bank president ajay banga. [applause] hello. how are you? >> very well. >> this is a historic moment, so i'm delighted to be here talking to you. first things first, you're both relatively new in your roles, you both come from the private sector, and you both want to mobilize more capital to achieve more development. why is it so important right now? president goldfajn. >> i'm going to let him go first since he's been in the job longer than i have. just a few months. it's interesting because we are going to have this difference for some time. you're always going to pass through me, or just a few months. well, age above beauty, so [indiscernible] so, i think it's very important what we are doing here. we've known each oth

earlier i asked the asian development banks, chief economist of the park, how much danger and babbled the chinese real estate companies like ever brand or country garden proposing? one of the concerns is that because a lot of households wealth is in the form of housing, we're starting to see price is actually fall into your 2 and tier 3 cities. and that could make people make consumers feel less wealthy and could then start to affect their consumption. and so this is why it's a concern. the chinese government is trying to avoid rescuing the property sector by injecting lots of acquitted the, as it has done earlier in earlier periods because they realize that they need to get to a more stable kind of healthy or property sector development path. but that's going to be a kind of a tight rope to manage. and so we're seeing them struggle to do that. more recently though, they seem to be re. busy wise and they need to be a bit more aggressive in providing some new measures to um, stimulate demand and to support developers. so i think we'll see some response to that. and hopefully they'll be

-- development banks. players need to come in the room, and right now, there is a serious conversation about the african carbon market initiative. we believe there's room for africa to come with a common voice, so that we can adequately price african carbon. currently, when you stand up african carbon with carbon coming from other parts of the world, african carbon is cheaper and sustained carbon, so the question is, are the methodologies defunct? do we need to look at that? what if the pricing mechanism? can african countries get the revenue from absorbing carbon and charging those who are polluting more to pay for the work we are doing on the continent of absorbing this carbon? so that is the constellation of conversations we are having, so i do think there is a place for the private sector. i do think there is a place for the carbon market, but i think we need a lot more tools in our toolkit. imran: right. maurice, i will come to you in a quick second, but i want to come to donald first. firstly, let's

system of the sector cooperative and from there in the joint portal between the cooperative development bank and the deputy from the guarantee fund , they can enjoy their facilities in the way of developing the cooperative and there is still something that needs to be resolved in our correspondence and bureaucracy, there is a lot like a request from me you have to go to the relevant general office, the relevant deputy general office, the transaction to the relevant department, the relevant expert, the relevant expert starts from the relevant province, the province that asks the question, now it becomes the same government culture, he returns again to reach and after one or two months you will answer this letter. look, i think that system-centered and rounding is one of the ways to shorten this path. based on the statistics of the ministry of labor cooperatives and social welfare, the share of cooperatives in the gdp is currently four and six-tenths percent, which with the implementation of programs and different policies can up maryam begum of radio and television news agency should be promo

. -- to action to the multilateral development banks, we have worked with a growing coalition of partners to make significant progress on reforms related to the world bank's mission and vision, incentives, operational model, and financing capacity. we're glad to have as our partner in this work. and we look forward to more work with the regional development banks on how to achieve greater collaboration across the mdv system, including to increase access to climate demands. we've already made significant progress in expanding the mdv's financial capacity. the recommendations currently being implemented are under consideration across the mdv's can unlock an additional $200 billion over the next decade. those are crucial additional resources for reducing poverty, advancing global health securities, and combating climate change. i saw firsthand the impact this funding can have during my last trip to india just over a month ago when we visited an education data hub supported by the world bank. it meant students lives were being improved. it can do even more on financial capacity, including thr

. >> the world think president and the inter-american development bank president discussed common priorities for economic development for the caribbean and latin america. it included access to digital technology and application and the impact for climate change. this is about 30 minutes. gabriela: good morning. the -- p- >> i am a business journalist for cnn and i am delighted to be moderating this conversation. my name is gabriela frias. i'm a business journalist for cnn and i am delighted to be moderating this conversation. we're honored to have you and those following this live transmission. and now i would like to welcome to the stage idb president ilan goldfajn and world bank president ajay banga. [applause] hello. how are you? >> very well. >> this is a historic moment, so i'm delighted to be here talking to you. first things first, you're both relatively new in your roles, you both come from the private sector, and you both want to mobilize more capital to achieve more development. why is it so important right now? president goldfajn. >> i'm going to let him go first since he's been i

affairs and finance also announced positive talks with the head of the asian infrastructure development bank. we had good negotiations with the head of the bank to compensate for the past delays of our country in the field of using education to finance projects. the positive approach of the bank president was announced and it was decided that his deputy will travel to iran within months and we have at least 3 projects whose documentation is completely ready for to use the investment capacity of the asian infrastructure development bank, we will agree with the vice president of the bank and officially start the banking operations in order to use the foreign exchange resources transferred to 6 iranian banks in qatar in the meeting of the governor general of the central bank with the qatari counterpart. agreements were reached regarding the start of banking operations in order to use foreign exchange resources transferred to 6 iranian banks in qatar. during mr. farzin's meeting with sheikh bandar bin mohammadani, governor of the central bank of qatar , there was a discussion about ways to devel

registered since last year the minister of roads and urban development said that the performance of banks in paying for housing facilities has improved, but it is still not enough. the latest information from the ministry of roads and urban development shows that the banks fulfilled only 20% of their obligations from the beginning of the housing production jump law until the end of august this year. the song is not moving forward. construction in this area is one of the main reasons for the non-cooperation of banks in providing facilities in article 4 of the housing production jump law , hacking banks and non-bank credit institutions to allocate at least 20% of the facilities paid to the housing sector for construction projects that go to freeze the wealth of the bank or the effects of the payments that cannot be ignored. in the first year of the implementation of the housing production jump law, that is, from september 1400 to september 1401, banks had to pay 360 thousand billion tomans of facilities to the housing sector . banks did not cooperate several times in the meetings of the sup

of the cooperative sector and from there in the common portal between the deputy cooperative development bank and the fund. guarantee, they can have their facilities in the way of cooperative development and there is still something that needs to be solved in our correspondence and bureaucracy, there is a lot like a request from me, i have to go to the general office of the general office of the relevant deputy of the relevant department of the relevant expert of the new relevant expert he is from the province regarding the province that is asking the question, now the same government culture will come back to give us the answer letter after one or two months of birth . according to the statistics of the ministry of labor cooperation and social welfare, the share of cooperatives in the gdp is currently 4.6 percent, which can be increased to 25 percent with the implementation of various programs and policies. mire , plastic, paper, cardboard, glass, metal, cloth, plastic, etc wood makes up 30% of normal waste, if they are mixed together, even if they are separated at the destination, consideri

women in knowledge-based companies and rural employment on the ministry of cooperatives, the development bank the three triangles cooperative guarantee fund to support cooperatives, and five thousand hard cash in the hands of the people, the total budget of the country is 2415, in the form of gold coins, dollars, and the power of the people. next to the on the other hand, provided that they have received the necessary training and have a good understanding of the market , they can definitely invest, which is about 70% of the share of the bank's facilities. the development of cooperatives is awarded to cooperatives. in the set, 67% of the test was paid by you. entrepreneurs of knowledge-based projects, as well as applicants for micro-employment in the field of support institutions, imam imam welfare relief committee , martyr and martyr affairs foundation , graduates, use exclusions in one year. in the past, there was a 59% growth in the issuance of guarantees, and you issued 500 billion tomans with delivery guarantees last year, which i think was a unique number during the life of the fund. th

physical and the digital infrastructure and enabling increased investment needed to support the new development bank, the brix bank have played a critical role in mobilizing resources to overcome important logistical social and digital challenges since its inception, the new development bank has invested more than us$32 billion in 92 projects in such areas . including clean energy transport, we are increasing local currency financing, reducing transaction costs and strengthening the formation of regional markets. capital is the same guy's point of view. purchasing power parity of the brix economies, according to experts, exceeds the combined economies of the g7 countries; the expansion of the brix strengthens the global south and points to a new, more inclusive and more representative global financial architecture; the new development bank as a platform of the brix is ​​clearly aware of its role and will play an important part in the new conditions well, this is money, this is international investment, including, and with involvement. uh, brix euro-wes. e shos. uh, how do we use these mechanisms? if

since you've worked in different projects as multilateral development banks, as institutions, but when you say different, how should we understand that? >> well, the biggest difference, i think, has to be in this idea of impact. what tends to happen in a lot of our systems is that the way the process works is you will try and create a country strategy, a country partnership, framework is what the world bank calls it. i'm sure they have a different name, but it's the sae thing. we agree- there you go. we agree on what's important for the next few years with the country and our teams, and then you try and focus resources on them, sometimes successfully, sometimes not so much. you end up spending a lot of time on trying to find projects that work with that country partnership framework. what we cannot afford to lose sight of is, finally, what's the end result of that? we cannot measure the project and we cannot celebrate the approvals. we have to celebrate the execution and the change in the lives of people. that celebration is a very different celebration from the inside-out approach tha

from there they can enjoy their facilities in the common portal between the deputy cooperative development bank and the guarantee fund. be in there is still a cooperative development path that needs to be resolved. in our correspondence and bureaucracy, there is a lot like a request from me . he asks a question, now this same government culture will come back again to arrive and see the answer to this letter after one or two months of his birthday. i think that system-centered and rounding is one of the solutions to shorten this path, according to the statistics of the ministry of cooperation . work and social welfare, the contribution of cooperation in production currently, the gross domestic product is four and six tenths percent, which can be increased up to 25 percent with the implementation of various programs and policies. and the knowledge of aba abdallah is established by the people wherever he is, and this is a prophet of the world . hossein hossein hossein tawheed, iman, alam, iman, my friend alas for you, alas for your washed heart, access to me with the heart of hossein , alas hosse

and from there they can enjoy their facilities in the common portal between the cooperative development bank and the deputy of the guarantee fund. in the way of cooperative development, there is still a lot of correspondence and bureaucracy that needs to be solved. it is like a request from me. it should be sent to the relevant general office , the relevant deputy, the relevant deputy to the relevant department , the relevant expert, and the relevant expert. it starts from the relevant province. he asks the person can easily come back again to reach us after a month or two. see the answer to this letter . i think system-oriented and it scanning is one of the solutions to shorten this path, according to the statistics of the ministry of labor and cooperatives. social welfare, the share of cooperatives in the gdp is currently four and six tenths percent, which can be increased up to 25 percent by implementing various programs and policies . the event has cost thousands of people the cost of losing their homes for 25 to 30 years we are living here and now suddenly our house was destroyed. we ha

and also governance issues who controls these development banks? whose priorities are they responding to and how easily come these countries engage with them. we've noticed over the past few months, but countries in the global north have started to hear and listen to these concerns more carefully. but again, making progress on such a difficult multi lateral issue cannot be done overnight and certainly not during the next couple of days of the high level scientists. and these conversations will need to continue elsewhere and capitals around the world, especially in washington dc. how do we start changing course? it's a good question. i think the most important thing that we've noticed in multi lateral conversations and context on all issues is a lack of trust that's very apparent in the us contacts and especially with issues around development and serving the needs of the most vulnerable people in the world . this is a hard challenge to overcome, but having events like the s t g summit, having countries go on to the world stage tomorrow and for the

you will see the investment back, as you know, is the world's largest most lots of development bank. so under the heading of the global, we represent the, the european union financial on here, the night over today. and it is a very important meeting, the summit of african leaders, african business, european governments, and the development banks. and we are as a climate bank, i think it's very important active employment investment in africa. as we've got to points house that africa has an abundance of natural resources. see it? if you look at what the continent gets in terms of the global share of energy investments, it's only guessing 3 percent. what do, what do african countries have to do in order to attract more investment in this regard? that's a very important question and that is what we debated here in united robi can in the states what we could do together by pointing out that the yesterday i had a very productive meeting with president due to the organizer and host of the so massive conference and the suite topics throughout the operation. first of all, investments in the

that's according to the asian development bank as trims regional growth expectations. really a more from the lenders. chief economist also coming up will take you to thailand or climate change is putting age old called donation methods of rice growing in jeopardy. of course cobra walked into the program. china, as property crisis, could spill over to other asian countries and hold back regional growth according to the asian development back. it says a face, a significant headwinds. if the chinese property market deteriorates further, and you reach as low as it will be voided by south asia, largely thanks to a strong public investment climate india. the abs 202020. the gross forecast by 0 point one percent to 4.7 percent. and it has maintained disclose, outlook for next year at 4.8 percent stores and returns to pretend ethnic levels in many asian countries. earlier i asked the asian development banks, chief economist of a park, how much danger and babbled chinese real estate companies like ever brand or country garden proposing? one of the concerns is that because a lot

international monetary fund, and on the other hand, they form their own institutions, such as the new development bank , which the last session was created in 2017 breez and the accession of the new country revealed the importance of this group more than before, the ability of this group to grant loans through the brics development bank will increase and this bank will act as an alternative to the world bank and the international monetary fund. another issue is what is particularly important is the effort of these countries to trade with each other using their own currency, and now makran sasi faqar says that 810 pulses of the world's economic markets and political structures are in his hands, the religion of the population is decreasing the amount of capital production and reducing the share face yourself in global exchanges we are. this problem has been established especially after the crisis of 2008 and 2010, and this is the result of the presence of new big powers in the international arena. other western structures, including the international monetary fund and the world bank, do not have the nec

we have a multi, that's what development banks, those multi level development banks. it needs to be capitalized because they became small in relation to the problems of the world and suddenly put $1.00 in the market. the developments can bang it's multiplies by 5 because they can then go to the markets, the ends, sick resources that, that they can put at the disposal of developing countries. and we need to change the business model in order to be able to predict much more private finance. if a bank makes the loan that's low enough low. but if the bank gives guarantees, if it becomes supposed to be suspected and coordination of concessional financial institutions or including privacy solutions, what will happen is that's the resources of the bank will be multiplied in the resources that will be protective. disposal of developing countries. on the other hand, we have special during the rides. that's what these people, it's, it's those special going divides. both of them are now putting out the disposal of developing countries soon will be i am, if not, if they are, if th

the development banks are for the first time in the country of the development banks to create the capacities that we can from the place sources other than people's deposits, to follow the path of development in the country's economy became part of the task that the central bank is obliged to follow up on. the first chapter of the authority of the central bank to monitor and increase its capacity regarding the issue of the country's banking network . in nizamban field, this means this that we need to create a new central bank system, or the previous system is not working well, tell me this and that you mentioned one of the equations regarding these big educations, that you are saying that now it is going to be a crime, what exactly will happen if the relationship you mentioned you mentioned and this is the case. yes, regarding samat's system, just as you said, this requirement has been implemented in the 7th plan, that if someone acts outside of this set of the system , while now he is acting outside of the set, this issue has been criminalized, so action is taken . obtaining corrections only

the former chairman of the china development bank was sentenced to life injail development bank was sentenced recently. a big asset management chief was actually executed on corruption charges back in 2021. and i think these things, it shows, well, a couple of things, really. firstly president xi jinping who made his name is a big anti—corruption guy early in his tenure, he really shows no intent on slowing down on this crackdown. and it also shows who is boss. doesn't matter how much money you have, if you are in finance or whatever industry, ultimately you answer to the party and they will be the ones to decide. . ~ they will be the ones to decide-— they will be the ones to decide. ., , . decide. nick, thanks very much. nick marsh _ decide. nick, thanks very much. nick marsh in — decide. nick, thanks very much. nick marsh in singapore. - the european parliament has voted to increase the european union's share of renewable energy sources to a2.5% by 2030. that's a big hike from the previous target of 30%. it's all part of charting a path to net zero, by 2050, 20 years later. but the stepping

profit. to support micro capitals and business prosperity about 70% of the share of cooperative development bank's facilities is allocated to cooperatives, in total 67 68% of lucky accidents we paid, entrepreneurs of knowledge-based projects as well as micro-employment applicants in the field of support institutions of imam imam behazisti foundation relief committee the martyrs and affairs of the graduates use the effects. in the past year , there has been a 59% growth in the issuance of guarantees, and we issued 500 billion tomans with delivery guarantees last year, which i think was a unique number during the life of the fund. the employment rate of the cooperative sector currently, there are one million, eight hundred and forty seven thousand branches, more than 90 percent of my tasks in the field of employment, supporting cooperatives and supporting institutions , we produce seventy five technical numbers directly for the market of this iran. 700 territories under the brand and license contract that we are constantly producing and the demand that we have . half a billion dollars a year for the

this group will increase for granting loans through the development bank, and this bank will be an alternative to the world bank and the international monetary fund. another issue that is particularly important is that these countries trade with each other using their own currency, and now makransazi says that 810 is the pulse of the world's economic markets and structures . capital production and reducing its share in exchanges we are facing a world, this issue has become more tangible especially after the crisis of 2008 and 2010 and this is the result of the presence of new big powers in the international arena . western structures such as the international monetary fund and the world bank do not have the necessary legitimacy, and those western institutions have abandoned their role. fazaindeh will play an increasing role in international affairs. perhaps this situation in many ways raises its shoulders here and does not know what to do . brics of gdp the world has surpassed the group of 7 led by the united states by 30% with 31.5% . public opinion in germany believes that the ukrainians wer

that profit-based investment to support small capitals and own business 70% of the cooperative development bank's share of facilities is allocated to cooperatives, in the collection 67% of the facilities have been paid to the cooperative sector by entrepreneurs of knowledge-based projects as well as job applicants wisdom in the field of support institutions the relief committee of hazrat imam welfare of the martyr foundation and the affairs of the graduates is using the facilities. in the past year , we have seen a 59% growth in the issuance of guarantees . we issued 500 billion tomans with a delivery guarantee last year , which i think is a unique number during the lifetime of the fund. the amount of employment in the cooperative sector is now one million, eight hundred and forty-seven thousand branches. more than 90 percent of my assignments were done in the field of supporting cooperatives and supporting institutions , and seventy-five technical numbers directly for this market. we produce about 700 in iran we produce the territory under the brand and license contract that you have, and the de

this group the past revealed that this group will be increased to grant loans through the brics development bank, and this bank will act as an alternative to the world bank and the international monetary fund . another issue that is particularly important is the efforts to trade together with the use of their own currency, and now makransazi says that he has the pulse of the economic markets and political structures in his hands. the crisis of 2008 and 2010 has become more tangible this is the result of the presence of new great powers in the international arena. other western structures, including the international monetary fund and the world bank, do not have the necessary legitimacy. by weakening the western institutions, turk makro says that he will play an increasing role in international affairs . he raises his highs here and does not know what to do. the new bank will work based on a new currency . it has become difficult for the heart to return. the statistics show that the brics group currently accounts for 31.5% of the world's gdp. 7, led by the united states with about 30 the percenta

the institute will also be able together with the development bank to develop draft legal acts relatedo foreign economic activity, belarus became the leader among the eurasian five countries in terms of industrial production growth over 7 months +7% compared to 2022, while the average payas indicator was 2.8% . after our country with growth. a little more than 3.5% is followed by kazakhstan, russia, kyrgyzstan and armenia . and now the situation on the foreign exchange market, the dollar and chinese yuan have become cheaper, the russian ruble has risen in price. so the american currency has closed bidding at 3 rubles. 25 kopecks the euro exchange rate according to the national bank is 3 rubles. 49 kopecks for 10 trades they gave 4 rubles. 45 kopecks and for 100 russian 3.37 belarusian, the minsk automobile plant at the end of august rose to fourth place in sales of new buses in russia, demand increased 3.3 times. this allowed the belarusian manufacturer to strengthen its position in the ranking; the leaders sold over a hundred units of equipment; compared to a year ago, the figure was

, the approach of forming development banks to create capacities that we can follow the path of development in the country's economy from the sources of people's deposits became part of the task that the central bank was obliged to do. he should follow this collection the approvals that we have had until today or the commitments that the central bank has accepted in this regard, yes , it gives us two chapters. the first chapter is the powers of the central bank to monitor and increase the capacity regarding the issue of the country's banking network. the second point is the responsibility of the central bank. in connection with this issue and the efforts made in connection with this issue, we hope that it will help us to have the best conditions in the field of the cash drawer bank system of the country for the people. we have the samat system, this means that we need a new system should we create a center, or the previous system was not working well, tell me about this and that you mentioned one of the similarities regarding these big educations. yes, especially in seman samad, just as you

what about brix and the new development bank?ent and expansion of international cooperation, as well as the strengthening of trade and investment ties between groups of countries, including, for example, brix. if. reduces the level market fragmentation, expands trade , reduces investment costs. russia will begin selling pork to china in the second or third quarter of next year, as reported by the ministry of development, to start deliveries, it is necessary to complete procedures that will take from 3 to 12 months. it is necessary to sign a protocol on meat requirements and agree on a veterinary certificate for export. also, russian companies need to obtain certificates and register in the china supplier system. china leads the world in pork consumption. mineconomvitia consider its market to be the most promising for domestic producers of this type of meat. the pentagon is asking the us congress to avoid a federal government shutdown. this would be the worst case scenario for the defense department. if the government suspends the

those multi level development banks need to be to capitalize because they became small in relation to the problems of the world. and suddenly put $1.00 in the mountains almost involvement again. bang, it's multiplies by 5 because they can then go through the markets. the ends seek resources that they can put at the disposal of developing countries. and we need to change the business model in order to be able to collect much more private finance . if a bank makes the loan that's low enough low. but if the bank gives guarantees, if it becomes 1st respected and coordination of conceptual financial institutions or including privacy solutions, what will happen is that's the resources of the bank will be multiplied in the resources i thought that would be protective. disposal of developing countries. on the other hand, we have special during provides. that's where these people fits. those special going divides. both of them are now putting out the disposal of developing countries, so will be i may not use them if they won't be put suitable for that development. thanks once again, that canno