there is no notion of the imf stepping and anywhere else. and the emerging markets and the things are still bubbling along. the geopolitical uncertainty is not having an effect. the emerging markets are concerned about monetary policy in the u.s. and other advanced economies. >> do you agree with that? >> 100%. the fragility to monetary policy and also the fragility in europe. at the earlyt stages of stabilization earlier this year. it is called into question. data is coinciding with the geopolitical risk rising. europe was doing better a year ago than it is doing now. >> one big change was the fact that policy makers did not really follow through. the initial stages of monetary policy, which came through, there was a large gap at the start of this year will we did not see a lot. hopefully we will see more over the coming months. that, fiscal reforms were done in aps male fashion. you saw fiscal reforms in areas like italy but not france. it was a gap in policy and the disparity across aussie. >> the follow-up left a lot to be desired. >> ou

and, again, the imf is to be credit with the the initial steps it's taken.but it seems to me the president also laid out a much broader aweapon is da around trade and around investment. who could take that lead? do we have a global architecture to take the lead? that's for you but, also, all the panel its. who should be -- is this the u.s.' role? who needs to be the lead in this? >> so we have an insufficient global architecture on these issues. it's slightly different in each cub -- in each country. in liberia it's united states, in sierra leone, it's historically the united kingdom, and in guinea, it's the french government. that's not going the change, and the reality is that the united states is going to focus primarily on liberia and not so much on guinea. we might not like that, we might all hope there's a regional response. there should be, but it's not going to happen. we're going to need -- so all three of those governments are going to have to step up. and then several key international organizations. the international monetary fund, as i mentioned

ireland borrowed 22.5 billion from the imf.of this, michael noonan, minister of finance is starting to refinance earlier. but the 15 billion part of that debt. and this will achieve significant savings for us. imf loans come with the price tag of 4.99% annual yield. currently, irish government can borrow at about 1.8%, 1.9% for the ten-year paper. and if we are to restructure this debt, we will achieve some savings annually of about 375 million euros in terms of interest payments alone and at the same time extend the maturity of the loans. so it's a win-whip. we should note that the ecb itself does not hold a significant vote on that issue because the issue of the repayment of the imf loans is really with the european leaders and european governments themselves. and we already had in august of this year is statement which supported these payments. >> to one of the topics that has been stealing all of the headlines, one of the biggest questions is if scotland does vote for independence, what currency it would take on. it seems l

joining us is the director of the imf africa department and joins us from the agency headquarters inngton. welcome and we appreciate you coming on today. it is almost impossible to put it -- put a price tag on the economics of people love for the purpose of this discussion we will try. the 130uncement of million dollars to fight the announcement, is it enough to stop ebola in its tracks? is to provide support for governments to provide economic stability so we're doing our part to help these countries efforts to mitigate the otherwise more significant fact that the diseases are the having on the economies of these countries. >> $130 million is a lot of money that will be disbursed to these countries. is it enough? >> this depends on what we are already providing to the countries. 130 million is on top of the financial -- financial support packages. over and above is more resources being done for the front-line agencies. in recent weeks you may have heard and seen reports about money being promised to the u.n. agencies like bilateral donors. those are going to front-line agencies that

for what they were not planning on, you can see how this is becoming a problem, obviously, for the imfilcote,rg's ryan and coming up, detroit's penalty trial gets underway. we will have that story. ♪ its customersand may be the latest victim of hackers, and details are still emerging, and julie hyman is following the story. julie? >> thank you. this was first reported a law, a journalist who specializes in -- this was first reported in a blog by a journalist who specializes in data security. what he calls the cyber crime underground, or per traders in these luminary investigations. be the same russian and ukrainian hackers who also were to blame at targets, of course, that massive data breach that we talked about, sally b as well as sally beautyaid -- chang, and he. said it could affect all of the home depot stores. and there are nearly 1800 targets, so it is not clear about how many cards this could have affected. >> it is a court hearing, a final hearing in the mass of the municipal bankruptcy underway. michael mckee is following this for us. >> the morning was taken up by motions ab

speaking after the g 20 meeting, is imf messenger -- manager confident. >> we believe central banks do have the tools, the macro prudential tools, to react to the potential excess valuation in the market. committed to potentially use them if necessary. we believe they are equipped to deal with some of those potential risks. >> air france has entered a second week of pilots protesting the low-cost operations. crews -- pay fright fly cruise less. ws less. cre milan fashion week ends. italy real strength of his family. growth withe family. that is the strength of italy. thate we will never miss even though from the one generation to the next, it becomes much more difficult to rid -- difficult. the devolution discussion has changed the playing field. we will talk about that when we come back. ♪ >> welcome back. you are watching "the pulse." we are here in london. mrs. euro-dollar. this is where we are trading right now. beio draghi is going to speaking at little bit later on. the committee that deals with monetary policy. the tone of the conversation is going to be fascinating. how close a

. >> the imf approved over the weekend a $1.4 billion loan to ukraine. is that going to help them at all? >> it's a small change. it's basically covering up the cracks. i mean, the west is, doesn't really want to go down the sanctions route, doesn't really, as i mentioned, doesn't want to admit there's a problem between russia and ukraine. i think the big problem with the imf program is when it was originally drafted in march/april, you know, they painted a very optimistic scenario in terms of security situation in ukraine. and the macroassumptions wasn't very credible. again, if you read christine la guard's statement around the release of the $1.4 billion credit lawn ch, if there's no resolution, the ukrainian economy will remain very deep in recession and the budget financing hole will be larger an there will be a need for more imf money. at the moment, the imf program doesn't add up well. >> timothy, thank you very much for being with us. when you come back, we'll chat more in the next couple of minutes. incidentally, if you want to get involved, fee

cash toas some of the supplement the imf will stop bilaterally, the u.s. response so far is certainly good. if you look at what the president said, there is nothing on the economic side of stop what they are saying is that will come. i hope it comes fast. there will have to be similar efforts i the united kingdom and it will have to support farmers getting back to or to feed the future. infrastructure investment will stop i hope the millennium challenge corporation is flexible. we are going to need usg are and commerce to step up on trade and think very creatively about the kinds of things we can do to encourage trade and remove tariffs and open up the doors. it is going to take efforts rum a number of actors and there is not an overall coordinator to do it. it is different pieces that will puzzle fit together in a and get the economic uses to the puzzle we need as quickly as possible. but let's turn to the public health response. me if that's the case from the standpoint of the global economic architecture, i would like to go back a little bit to where we

india and china were roughly similar sized economies in the 1980s by imf estimates. as late as 1990 and '91, india is shown to have had a slightly higher per capita income in purchasing power parity than china. today china is 2.5 times the size of india on that measure and it is still growing faster than india. india does poorly on most measures of global competitiveness. it is 71st in the world economic forum's report compared with china's 28. it is 134th in the world bank's doing business report compared with china's 96th. of course that means there's room to improve and now the whole country has braced its faith in one man, hoping he can change things. that ren doctnarendra modi, ind minister, radiates confidence. he has the first majority government in parliament in 30 years. the indian public lauds him, world leaders support him and the bombay stock exchange continues to soar. it's one of the world's top performers this year. but will this moment of euphoria translate into lasting gains? will modi be able to make india the next china? i had a chance to put these

by being your own vote at the world trade or imf you have less power. win the city of london they act very little in our interest. not only would we have a louder voice in our own say rather than the alternative with no voice of all because it does not rent us but the interests of big corporations. >> lord purvis, what about that, in setting the rules of the game with international organizations rather than brute force isn't it easier to be a small country in the 21st century? >> if you look at it that way the united kingdom is a very small country, and in many respects the leading edge as prime ministers, foreign sectors, head of the economic service and the whole way scots have played their role. the power in the world and influence around the world has the united kingdom can scots taking a leading part. i think that's something where scotland benefits from massively. now whether or not the foreign policy at the time, that's the real issue. over my time in political life over last 15 years. scottish prime ministers it may not suit the political views

the imf doesn't want to lend alone, the europeans feel itchy about having the imf loan but themselvesg out. we need a solution to that. >> your expectation for what that solution would look like? >> something that is under discussion. this very difficult at point to say anything about it. there will be a solution. >> mario draghi talks about structural reform, deregulating industries and provide some sort of a demand impetus for the european economy. we had a whole series of ceos in the show. is,eems like the sense things still move slowly in greece. we need to get things moving more quickly. we still haven't got to the point where we can develop it. we haven't got many things in place that we need. the oecd look at indicators as to who is doing better in reforms, greece is number one. across the world. >> could you be doing better? >> there is always better. but we are number one. we are moving fast. you talk about privatization. privatization now is speeding up. finally, people are willing to invest in greece. the economy has stabilized. they only see upside, there is no downside ri

and the imf, you suddenly have less power. it is something that we have not voted for and in the financial sector in london acts very little in our interest. not only would we have a loud voice of say rather than having no voice at all. >> lord pervis, in a multi polarred equally zoned world governed in many ways setting the rules of the game with international organizations rather than with brute force, isn't it easier to be a small country in the 21st century? >> well, if you're looking at it objectively the united kingdom is a very stron small country in the world. and with scots at the leading element of that, and in many respects the leading edge of it. the way scots have played their role, i think with our brand as far as self power as well as our influence around the world as the united kingdom with scots taking a leading pardo part, i think that's something that scotland benefits from massively. whether or not the foreign policy at the time is what is greed with o agreed to or not is at issue. it may not suit the polit

. >> they didn't complete their imf programs, larry. you have this layer of being one of the most corrupt countries in europe, as well. there's@of issues to be sort out. >> but if the west does not provide support, given erlgs, there may not be an doesn't for those issues to be sorted out. so this is a time for both sides to step up, for support to be provided in a strong and comprehensive way and for the ukrainians to do what they have to do. the imf mass recognized strength in ukraine's efforts in recent months and has recognized the extraordinary difficulties inherent in a situation. >> the problem is, when the imf came in in late april, larry, we had an economy which was contracted about 4% now. 8% at worst potentially. they've lost around about 25% of their industrial exports, as well. how do you stabilize a situation like that when you've got a war going on? >> you'll need to magnify the quantity of support that's available. you'll need to recognize this isn't a short run problem. there is likely to be a need to replace loan finan

and if you want more stats, listen to this, imf saying all though they are giving the latest disbursement of the bail out funds, 17 million dors and going to give it to keyive. but a grave and real prospect that ukraine economy will fall short and that puts in doubt the next disbursement of $2.7 billion due around december time. so not just a human cost, there is a grave economic cost as this conflict here in the east continues. >> breaking news now, we have a report from agencies of internet video that apparently shows the beheading of u.s. reporter stephen by the islamic state group. these are just reports coming in. another beheading of an american journalist, james foley was beheaded and the mother of stephen made appeals for his releet. she was featured in a video that emerged at the time of the previous beheading. we'll bring you more as soon as we get it. >> and now, hundreds of really tiffs missing iraqi soldiers broke into baghdad's green zone and armed with metal bars and stones. they are demanding information about the fate of their relatives that sur rinded back in june. the o

have been killed according to any national defense council, and if you want more spa statsistics, the imfas come out and said they will give the latest dispersement of their bailout fund to kiev, but they say unless the fighting subsides in the east, then there is a very grave and very real prospect that the ukrainian economy will fall short and that puts in doubt the next dispersement of some $2.7 billion which is due around december. so there is not just a human cost, there is a grave economic cost as the conflict in the east continues. >>> the medical charity doctors without borders is warning they can't stop the spread of ebola unless western countries intervene. that the head is calling on nations to dispatch a specialized disaster response team to west africa. they say the world is losing the battle to contain the virus. >>> a number of medical workers in liberia's capitol are on strike. they are protesting the conditions for working with the virus. >> reporter: a protest against conditions outside of this medical center in monrovia, these health workers are on the front line, riski

murdoch group, an international group that really goes after every government not towing the line of the imfeocon politics. it's a paper that doesn't like south america right now. >> a lot of the rhetoric in maybe what you might characterize as the right-wing press has been that you have this very leftist populist, anti-american president, christina fernandesses kirschner and she is thumbing her nose basically at the u.s. and that the rule of law and that this is a problem which argentina has brought on its self and could have averted a default quite easily and it peters off because it's not xbls of exactly obvious what argentina is meant to have done to have averted default among having a massive settlement to $15,000,000,000 worth of holdout. >> well, of course, argentina has unfortunately the stigma of being unpredictable. this is one of argentinas problems, we get angry with the international press when it reports but it's a reality of argentina's history and i hope the future will change. it is made more complicated when the news media telling your story to the world are hitting rewind

we helped work with the imf to ensure that ukraine had the resources to get through some of the emergency financing issues that they had to deal with, but we'll have more work to do. the military efforts that have. require to deal with russian-financed, russian-arm, russian-trained, russian-trained and directed separatists has meant that as meant a drain on the ukrainian economy, not to mention the fact that you have major industrial areas inside ukraine that, obviously, are impacted by the conflict there so we're going to have to make sure that the international community stands behind the ukrainian economy in the short term even as we encourage and advise and work with ukraine to carry out some of the basic reforms that are going to be required in order for them to achieve the kinds of models of success we've seen in estonia, poland, and other places. that's a tough road to hold. it took a couple decades for some of the countries who are currently in the e.u. to achieve the sort of market-based reforms that have led to such great prosperity. ukrai ukraine's not able to do that overnight

the imf is going to help them put in place, this short-term stabilization measures, but over the long we need to, you know, try to address the -- as i said the weak economic fundamentals. >> reporter: ghana has traditionally relied on cocoa and gold experts to prop up the economy, but global commodity prices have fallen. experts say the country needs to diversify and grow its manufacturing sector. in the short-term the government also needs to cut spending and that is likely to be unpopular. people like this man just want things to get better, but it is going to be a difficult journey. >>> more details are emerging about a boat full of migrants allegedly rammed by people smugglers. at least 500 migrants are said to have been killed after the trafficker's wrecked the flimsy rubber boat they were in. the boat was damaged after the migrants refused to transfer to a boat they believed to be too small to carry them. leonard doyle joins me from geneva. what have you foub out? >> we have had testimony from two sets of survivors. they were rescued separately, and their stories come together.

the imf is actually going to step up in the next two weeks or so and provide around $50 million cash to the liberian government and seller smaller amounts so the organizations is going to be one of the first to step up. but i do worry about the longer-term impact on the economy and the impact on investment going forward because i think it's going to be to attract investors going forward and this is having a huge impact on individual people. people are out of jobs, not being able to work on the construction sites and retail shops as taxi drivers a lot of them have lost their jobs. so, anger is rising both in terms of the disease and are able to provide for their families. anger is on the rise. in the fragile democracies quite promising democracies and they have begun to deliver the goods and i worry that among many of the casualties one of them will be the lack of the loss of faith in the ability of democracies to provide the goods. already we are seeing the warlords and associates of the former warlords saying i should be in power and with elections coming up in a couple of years, we

formerople, like the deputy governor at the pboc, now with the imf, he told me last week, he said china really needs to set a target range, not a hard and fast number. that would give the government some wiggle room in times of slowdown or in up times. angie? >> all right, stephen engle, we will leave it there with that. >> the picture could get even more bleak. ♪ ♪ china's growth target is under threat. next guest has been investing in greater china for over two decades. and when is liu yang, she speaks, we listen, because you have been making money in the face of china's growth, and now in the face of china's slowdown, are you still making money? >> after losing money last year, i became a little bit smarter. i had the wrong buy on the traditional factors. internet, high-tech, biotech, anything with tech, i have got to be there. >> i have got to ask you, when you get industrial production data like this, people get excited. if there would be and easing of monetary policy, that would give people a bit of a rise. not today so much. >> you are right. monetary policy changing. but i do no

john lipsky is the former managing director of the imf and is currently a visiting scholar at the johnsopkins school of international studies and he joins me from washington. welcome to "bottom line." always a pleasure. sir, what is the top priority right now? >> certainly, remember this preparation for the november 15 and 16 summit of the g 20 leaders. aey are pledged to prepare set of policies that will produce an increased acceleration of growth, specifically that will add 2% to global growth over five years. the latest news on global growth has been disappointing. there will be increasing focus on the specifics of what they can produce in terms of a coordinated and coherent plan to strengthen the global output. topics for this weekend include taxes and financial regulation. the mostow one of debated issues in the united states involves inversion, where businesses move their address to other countries to cut tax bills. inversions are not illegal, but are they a threat to growth and should they be dealt with as part of a comprehensive tax reform agenda? there is an agenda being formed

they concluded an economic deal with the imf.ce russia has escalated its war against ukraine in the meantime, the economic circumstance becomes even more difficult. that said, the priority is to help ukraine defend its territory from kremlin's aggression. herbst now director of the atlantic council eurasia center joining us from washington. mr. ambassador, it is a privilege to have you on. thank you for your time. >> thank you. past, anfrom the age-old classic. inside jaguar's new old car. ♪ latinis time for today's america report. citibank is challenging a u.s. court order permitting it to forward interest pants on engine interest payments on argentine bonds. what is the banks main argument? >> citibank isn't just a bank in the u.s.. it is also a bank in argentina, one of the biggest banks in argentina. it has been in a hundred years witht has to comply argentine law, too. it is a legal pickle. if i am abiding by u.s. law, i am breaking argentine law. if i am abiding by argentine law, i am breaking u.s. law. they wereve that, if

brazilian president also said that developing nations need to have more say in decisions made at the imfnd the world bank. >> neither can we remain indifferent to the threat of the ebola virus in western africa. we support the proposal put forth by the secretary-general to establish united nation's mission for ebola emergency response. favor will be utterly in of that mission. >> the president of argentina is speaking at this hour. a group of argentina's on holders might drop an effort to get investors to waive the securities clause that the country said was an obstacle to resolving its debt dispute. that is according to three investors with direct knowledge of the plan. the group had planned to start a consensus solicitation to waive the clause by the end of the month when a coupon payment on the overseas bond is due. that is your latin america report. >> we will continue to follow breaking news. shares of citizens financial. raising 3 billion dollars for the royal bank of scotland. it is the second initial public offering in the u.s. this year after alibaba. bruce dan song will be spea

the imf report urged him to push through a reform agenda. structural weakness continues to impede growth potential. the country's debt is the largest in the eurozone. italy currently holds the rotating presidency of the european union. he met with technology entrepreneurs in front of the united nations general assembly. i am pleased to have him at the table because i love his country. >> think you so much. >> what did you learn from silicon valley? >> i chose silicon valley because i love the future. it is one of the capitals of the future. our country, italy, is an incredible capital of the past. we must change our position and invest in the future. silicon valley could be a model, could be a place of aspiration. and i receive a strong message from the italian people who say to silicon valley, we can change the world is you can gently country that if you can change the country -- you can change the country. >> how would you change the country? >> liberal markets, constitutional reforms. fiscal system. taxation in italy is particularly diffi

why hasn't that risk led to what the imf called global macro economic repercussions?> that's an interesting point because on the one and you have a lot of liquidity in the markets in this environment where europe and potentially japan are talking about adding more qe. we are on the path to normalization in the u.s. but we have had a lot of liquidity in the markets. in addition, when you think about our view at pimco, although we see a normalization of rates, we see that on a slow pace, to a place where real rates will not have to be as high as they were before given slower growth and a lot of debt around the world. that environment is very supportive of equities. might not investors have paid attention to geopolitical risk as they might have in another environment. all this said, this geopolitical risk clearly creates uncertainty the. the middle east, russia, the impact that russia may have on business confidence in europe. in my view, given the back drop of the new neutral, as well providing buying opportunity in global stocks. withe managing director deutsche bank i

the imf, the u.s. have all been pushing against the german fixation on these deficit rules. that ifthe french feel anyone is on the side of majority opinion, it is them. bank that a central claims to be independent, yet it is increasingly looking like the political process is having a meaningful impact on how monetary policy is being pushed forward. i guess that is inevitable. how influential do you think these politicians will be? they used to say, i hear but i don't listen. do you think draghi is in the same camp? >> i think draghi is just looking at the numbers. the numbers are bad. the german economy contracted. the french economy is not growing. i don't think draghi is responding to political pressure. i think he is just responding to the figures out there. inflation is way beneath the target. they have a target of close but not above 2%. that is a target they have to hit on the upside and the downside. i don't think draghi is taking his orders from hollande. i think he is just looking at the numbers and making his own decision. as for putting pressure on the ecb, every

if you want more stats, the imf is giving the latest disbursement of the bail out fund $17 billion, butsay unless the fighting subsides here in the east, then there's a very grave and very real prospects that ukrainian economy will fall short and that puts in doubt the next disbursement of $2.7 billion around the december time. there is a human cost and grave economic cost as the conflict in the east continues. >> europe union is bringing new sanctions. and making it difficult for the russian companies to get the financing. the new sanctions coming by friday. >> we speak about aggression and i think that we need to respond in the strongest possible way to that. in order to make sure as said pressure is put in order to define the solution. sanctions are part of a political strategy. >> syrian rebel group holding 45 peace keepers holds hostages have set out their demands. they are demanding compensation tr for the kills of their fighters. they have seized the peace keepers on thursday. el that is where the u.n. monitors the zone. >> most of the peace keeping forces are with drawn to the u

others saying saddam power tv content dash -- gdp this is supported by a number of studies from the imf. once accumulated, debt acts as a suppressant to growth. not just in the united states the big six u.k., germany, france, you can see this group in 1970 was clustered around the 75% now closer in aggregate it is a global phenomenon. how do we prevent and how do we repair? if you are convinced of this theory is easy to see many years ended chance. i know regulators have a broad arsenal of ways to influence behavior your capital requirements they can jawbone or any number of things. recalled the behavior's there were not ordinary but to those who had no income or no job. a regulator can intervene to influence that type of behavior. we think by monitoring the advocate -- aggregate applicators could see this but that leads to the issue of repairing the crisis because we accumulated a lot of private dash so the way to a lot stronger growth is to reduce our ratio. says a lot easier said than done. to have people pay down debt but that takes money out of the economy to contract gdp. that is

they said they were 90% of the way there and the imf and oec says the 900 recommendations they manageding to the table would grow the global economy by 1.8% above current expectations. but more does need to be done and we saw a number of criticisms leveled at europe during the two-day talk. in particular, the u.s. treasury secretary jack lew who pointed the finger at germany as a country to do more and could use some of its excess firepower. now, i sat down with the managing director of the imf, christine la guagarde, and asker the same question, and here's what she had to say. >> a country like germany definitely has a surplus and is balancing its budget. it is committing to invest and infrastructure, which is clearly needed. and there is an economy that will allow that and will help the rest of the your row zone. the more they can do the better. equally, they have to be mindful of the equalibrium they have on the domestic market. >> i also asked the french finance minister if we thought similar, if germany rather should take the lead when it comes to the eurozone. and this is what he

and i'm going to be talking to a former imf chief economist. and roger martin, the founder of the martin prosperity institute, the foremost expert on prosperity. and that's monday, 7:00 eastern. >>> a new government report out today tells a story that's getting older and older, the story of post-economic crisis america, where recovery has taken ahold for some but left so many behind. if you have credit and a job and money in the bank, this is what it likely looks like for you. the stock market, 7 years ago today, the do you entered a 14,000 roaring back, and passing prerecession levels, hovering around 17,000 today. if you invested in the recession, you made a lot of money, but yet millions of americans are waiting to get back to even or worse. the median household income stands at $52,000. no growth in the last year. $52,000 is 8% below prerecession levels. poverty just measure, it's two percentage points higher today than before the recession. a recent harvard business school study recently concluded that the widening gap between the rich and

and indeed the imf the world bank and the postsecond world war, these are state based solutions, andyet the problems we confront, terrorism, climate change, financial volatility, these are transboundary problems, the problems of globalization, and interstate interglobal organizations have not proven themselves very good at managing those problems. climate change is not being fixed by the u.n. terrorism, i.s.i.s, the transborder phenomenon of international terrorism to me is not being solved by these international institutions and that arguably is one of the greatest security threats today. so i think these institutions need to look very hard at the way they're operating and making sure they're talking to the right people actually involved in these issues because often they're not governments. >> mr. schroeder, your final thoughts for week ahead. >> i think mr. ross raises good points in particular this idea that global governance has not been able to manage this issue, climate change. and the united nations in particular has to some extent opened itself up to civil society. but not e

the imf came out today and said though they will give the latest disbursements of their bail out funds, they are going to give it to kiev, but in the the fighting subsides in the east, there's a very real prospect that the ukraine an economy will fall short. and that puts in doubt the next disburse. some $2.7 billion, which is due as the conflict continues. >> coming up next, an urgent plea from the cdc about the ebola virus, and the consequences if it's not brought under soon. >>> and guatemala, how drought could make the americas crisis even worse. >> another american mission doctor working in liberia has been infected with ebola. he was serving at the hospital in monrovia, but not treating ebola patients. it's not clear how he contracted the virus. two other missionary doctors recently infected returned to the u.s. for treatment and they made full recovery. the centers for disease control, the head has just returned from the region with a warning on the outbreak, and he said something major has to be done immediately in order to stop it. >> reporter: six months after the ebola virus

in non-lettal aid, the ukrainian leaders and others say it takes much more than the support from the imf and other international groups. will the white house step up and obligate themselves to anything? right now a lot is support in terms of emotional support, solidarity, but will they be able to give any more funds? there's the question if the aid can take a lethal form or if americans are far more comfortable with the non-lethal aid. >> thank you very much. a reminder that the microwave society we in is ever changing. you've been watching ukrainian president petro poroshenko addressing the congress. i'm del walters. you're watching al jazeera america. >> hello, and welcome to the news hour, coming up on the program, the number of people killed by the ebola outbreak continues to rise. liberia is the hardest-hit country, and we'll be speaking to the liberian information. >> you bring in boys and girls now on the front, for

there's going to have to be attention paid to making sure that the imf program stays on track, that thevelopment banks increase their efforts. a lot of thought will have to go into the right way of treating ukraine's debts. i worry about money going in and debts being repaid back to russia. in the current context. on the other hand, there's a lot of complexities associated with ukraine's debt. but i would like to be seeing a lot of energy going into the question of how best to assist ukraine and over time i think that the more we can do to diversify the world's energy supplies and in particular the natural gas supplies that will ultimately contribute to increasing ukraine's leverage and ability to function. >> really great analysis. larry, wonderful to have you on the program. >>> a new report finding more u.s. businesses are closing down than starting up. how to turn that around. one of the start up experts of the 21st century will join us next as we look ahead on "sunday morning futures." h. h so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm

. >> imf flood wall street with thousands of people who marched 300,000 strong yesterday.se the world leaders meeting in new york tomorrow, we are taking a tour the power is in thousands of us are about to sit down on wall street because corporate capitalism always is hardwired to create, change. we need solutions. [indiscernible] why we are here today, we can with the delegation of people from arizona. there are about 11 of us altogether. we come from a land that is heavily resourced, rich, and we came to tell the world that we're not going to be a resource colony anymore. enough is enough. >> the navajo nation which we are from sits on the richest energy corridor in north america for so our people are close to a century have been at the front line of energy extraction for this empire, including natural coal.il, uranium, and and now they're taking the water and pumping the water. meanwhile, one third of our people don't have access to running water. i live without running water with my family. we're here to say, we are still here and no more native sacrifice for your empi

there's such opposition, specifically, amob the tea party, in the same vein as things like the fed, the imfnd others. >> without sounding partisan, i frankly don't understand it. i think the club for growth and tea party sort of key voted this a few years ago and i think frankly stunned -- >> is the president himself said this is corporate welfare. >> well, i think this is one place were i think the pretz's had a, president's had a change of heart. for example, china is buying eight westinghouse nuclear reactors. they can buy them from us or the french or the germans. the four reactors support 15,000 jobs here in the united states. and you can pick an industry, where it's boeing airlines or a high-tech company. 85% of the bank's loans go to small and medium sized businesses that otherwise wouldn't be able to go out and compete in the global marketplace. and one of the pour things for your viewers to know, the xm bank doesn't cost taxpayers one single penny. they're self-financed. they return almost $1 billion to the treasury. i frankly can't understand why we would want to disadvantage amer

we worked with the imf to ensure that ukraine had the resources to get through some of the emergency financing they had to deal with. we will have more work to do. the military effort that had been required to deal with russian finance, russian armed, russian trained russian supported and often russian directed separatists has meanted that -- has met a drain on the ee cranian economy. not to mention the fact that you have major industrial areas inside of the ukraine that obviously have been impacted by the conflict there. we have to make sure the international community stands behind the ukrainian economy in the short term. even as we encourage and advise and help carry out reforms that will be provided in order for them to achieve the kinds of models we have seen in astonia and poland and other places. that's a tough road to home. it took a couple of decades for some of the countries to achieve the sort of market based reforms that have led to such great prosperity. ukraine is not going to be able to do that overnight but we have to make sure we are helping build a bridge toward tha

>> pakistan is under debt and imf and world bank have been trying to rescue the economy. war not western province or region and certainly there is a loyal intensity conflict where the military is engaged and fourthly indian side of kashmir is violent and pakistan army not in a position to really get back to headquarters and look at civilian affairs. the second aspect to it is army learned from previous experience and it does not want to be dragged in this particular scene. they have smartly used social media to convey messages, not a single individual has spoke tone the television or radio or a press release, it's 140 letters that are conveyed and military intent and back to back objects on opposition which has not happened previously and lastly the constitutional as you know amendments carried out in the last term of the parliament have been so decisive in the situation and bogged the military from getting in because parliament and supreme court backed dictators after they used to conduct fake elections and bring up parliament, now that is not going to happen, constituti

the imf report urged renzi to push flew his ambitious reform agenda. italy's structural weakness continues to impede its growth potential. the country's debt is the second largest in the euro zone, it is predicted to peak at 136% of gdp this year. italy currently holds the rotating presidency of the council of the european union. matteo renzi visited silicon valley and met with technology entrepreneurs before arriving in new york for the united nations general assembly. i'm very pleased to have him at this table for the first time because i love his country. welcome. >> thank you so much. >> rose: what did you learn from silicon valley? >> i chose silicon valley because it's the capitol of the future. it's one of the capitol of the future. and our country italy is an incredible capitol of the past so we must change our perception. and we must invest in the future. silicon valley could be a model, could be a place of aspiration. and i received a strong message from the italian people who stay in silicon valley. we can't change the world if you can't cha