david: when you wear the head of the imf, -- were the head of the imf, you are the first woman to holdposition. you were also the first woman to head your law firm. do you feel discrimination against you and your professional life as a woman or do you think discrimination generally has receded against women in the workplace? christine: i do not think discrimination has receded. i do not want to talk about my personal situation. when you travel the journey i have traveled, it is difficult to hold open discrimination against me, let's face it,, but i am aware of discrimination against many young women, women in all parts of the world. i am particularly thinking of afghan women at the moment who clearly are suffering the worst possible nightmare and setback in their life. it is a constant struggle. it should be a constant fight of all of us to make sure everybody has a chance to accomplish their talents and develop their activity in the way they want. this is certainly not the case yet. when i sit at my governing council table and i look around, i see 23 men and one woman in addition to m

this will he investigated at the imf.hink it is important to remember that georgieva said she fundamentally disagrees with the findings of the report that she was pressuring staff, according to the report, to improve china's ranking in the united nations business rankings. his statement also from the u.s. treasury department saying that they take this seriously, and it is certainly something that caught everybody by surprise, and that is capturing all of the attention at the moment of people who closely watch and follow the imf. von: you mentioned the scrutiny just starting in your story there. china's purchasing -- selling risky bonds, sold at 3.2%, down from the initial guidance of 3.6%. such notes have seen robust demand in europe. and two indonesian telecom businesses have agreed on a deal to merge. the consolidation aimed at helping the pair fend off competition in southeast asia. the combined company will have annual revenue of about $3 billion and remain listed on the indonesian stock exchange. david: we are down .

lagarde: i am extremely privileged to have had the roles i have had with head of the imf.ch other quite often in those days, and you know how much i put my heart, brain, and my whole energy into the job, and have enjoyed it tremendously. i am doing the same thing with the ecb. and i am doing the same thing on the european scene. you know, in times where you see geopolitical opposition, in times when you see energy withdrawn behind borders, it is important to have this desire to unite and bring consensus to the table and to convince people that what we are doing together united is going to be stronger than what we will do individually in our little corners. so, i am enjoying what i do. it is hard, it is hard, let's face it, but i enjoy it. david: when you were the head of the imf, you were the first woman to hold that position. now you are the first woman to hold the position of the head of the european central bank. you have broken through in many cases. you were also the first woman to head your law firm, a large international law firm. at this point in your life, do you

imf now.nkings, the world thanked says they will suspend the report at least for now. they are important to emerging markets trying to attract foreign capital, because at the rankings, the better your position looks for lending, for receiving lending, so that is the impetus for this. it does not seem when you look at it that she herself was doing anything to benefit her own pocketbook, not anything like that at all. paul: what does happen now? what is the potential blowback? >> our bloomberg team in washington reporting she is going to keep going to work as usual, we know the treasury department, the u.s. treasury says they are reviewing and analyzing these serious findings. the u.s. is the biggest contributor to the imf and world bank, so this is important. people are saying she is expected to discuss this report at a staff meeting on friday. let's look at what she says so far, i disagree fundamentally with the findings and interpretations of the investigation and data irregularities as it re

nobody was begging the imf for money. a crisis came and the imf has another 50-year lease on life. one of the other benefits of big-time, constant 5% economic growth is you clear out some of the non-real entities, feds, imfs. >> i think -- i need to say this. he is a friend of mine. i think he was a superb federal reserve chairman. he served four terms, i think. i don't think anybody else has done that. when he made his statement, it was a statement about the ability of markets -- free markets to function properly at all times. a lot of people blamed the financial meltdown of 2008 on what's called ultra easy, ultra low interest rates that he was partly responsible for, partly responsible for. i think he made mistakes. but i think he is losing his nerve. he said, the markes didn't work the way we think they would. i think he realizes government regulation played a huge role. i don't want to go deeper on that. it's not our subject. greenspan, through 40 years of economic policy, influence and service, was a free market guy and also was a sound money guy. maybe people in high office s

she is currently the imf managing director.ition in the 2018 world bank doing business report should have been seven places lower according to an internal review. she said she disagrees with the findings. china reached a milestone in its covid-19 vaccination campaign, putting in the lead. the national health commission says more than one billion people or over 70% of the population have been fully vaccinated as of september 15. china accounts for more than one third of the shots that have been administered locally. canberra is pushing forward with action. it has requested the wto set up a settlement panel as the next step. beijing slept tariffs of up to 200% on all winemakers after bilateral -- worsened last year. china was the top importer of australian wine. in is renewing its efforts to clean up one of the world's biggest piles of bad loans with a sovereign guarantee of 4.2 billion dollars. india's finance minister says 140 $7 billion of a nonperforming asset has been identified. the first phase seeing $66 billion worth, par

that is not where the imf wants to be. business report, and the finding was she used her influence to help inflate the rankings for china in response to pressure from china. she rejects that and says that is not the case. she will address the staff on this issue. it is the kind of issue where it will draw attention in washington, d.c., and it is one of those issues that will need close watching in terms of how it develops. that puts more pressure on her and her role at the imf. tom: what has the political reaction been? >> we have had republican lawmakers who are making the point that it is concerning. they are calling for more scrutiny in terms of what was going on. there is plenty of skepticism among lawmakers. the treasury department has said they are looking into this report. the report does say that chinese officials are exonerated of undue influence. it says the pressure and influence came from within the world bank side. this is a political hot tater. these things come and go. most institutions have clashes from tim

i certainly remember visiting the imf in 2008 early that spring. everyone was scared to death because nobody wanted their business. there was so much cash slashing around the world, no one was begging the imf for money. and sure enough a crisis came and the imf has another 50-year lease on life. so i think one of the other benefits of big time constant 5% economic growth is you clear out some of the non real entities, the feds, the imf,'s all these things. we they seem frivolent and nonexistent in the midst of prosperity. >> we allen is a friend of. mind i thought that he was a superb federal reserve chairman. we served four terms together, i think. i don't think anyone else has done that. when he made his statement, it was a statement about the ability of markets, free markets, to function properly at all times. and a lot of people blamed the financial meltdown of 2008 on what is called ultra easy, ultra low interest rates that alan was partly responsible for. partly responsible for. we i think he made mistakes but i think he is losing his nerve a

the imf and people were disappointed at the imf that she chose to leave because after two terms she could'verd term but angela merkel thought a more important job or her was to come back to europe and run the european central bank where she is the first woman to do that. she has had a gigantic impact on the european central bank in the two years she's been there. tom: a lot of criticisms, a lot of comp air in contrast to the previous leader, marriott draghi. did you speak to her about the interior politics of frankfurt and where she is now? >> david: i think she feels she's got a good grip on the european central bank stuff she has articulated policies which the bank is pursuing. they have a clear policy of getting to 2% inflation which is the real target. it's not easy to do but that's what she wants to do. the economic package they put together to deal with covid has worked and maybe better than they thought. she now thinks they will recover to gdp levels before covid. lisa: perhaps one of the bigger challenges she has is that she has a harder job which remains cohesive. did she talk about

this has been sort of a black harnish for -- tarnish for an imf manager.he world bank reported it has been doing business. now, the imf manager is drawn into this, saying that china's data should have been lower than what was delivered in the 2018 report and that there was two distinct types of pressure applied on both types of teams. she researched -- and she served as director of the world bank before she went to the imf. little bit of harnish there. -- a tarnish france is really bad. that's really mad as the u.s. we will tell you why next. this is bloomberg. ♪ >> [speaking french] >> we have not been consulted on the matter. even though we are clear stakeholder, this forces us to seriously consider the importance of europe's strategic autonomy in this field. is once again proof of the need to exist on our own. guy: the eu foreign-policy chief speaking earlier. he and the leadership in france furious. what we have seen as an announcement overnight of an alliance between australia, the u.k., and the u.s., which basically means that the u.s. will share nuc

even if you get the imf to withdraw funding from the government, that ultimately is going to hurt theady suffering a major economic downturn. there is real poverty in nicaragua not seen for many years. do you really want to see funds withdrawn in that way? i would like to see strict limitations in the access of internationalfunds by the nicaraguan dictatorship. and, yes, i don't expect the international community to get rid of ortega. i think this is a question that depends on us, the nicaraguan community. therefore, the most important demand in which i would hope everybody will coincide and agree is the liberation of political prisoners, and promoting political reforms in nicaragua so that we will have free elections. a final thought for you, mr chamorro. back in 1979, you were an avowed revolutionary. you supported toppling the somoza regime by whatever force was necessary. are you a revolutionary in your mind today? do you believe that it is justifiable to think about bringing the ortega government down by whatever force is necessary? no. i have never supported armed struggle again

sources say the imf chief had easy access to yellen.erman centerleft social democrats calling to join in a new government. appealing to the greens and democrats to back a three-way coalition. the candidate for chancellor angela merkel's christian democrat block says they will still try to find a majority, but a key ally says that cannot happen after a second-place finish. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. i am su keenan. this is bloomberg. haidi: still ahead, china pottsville power crisis -- china' is power crisis moving to home. and hours after one event, we take a look at implications for tech policy. this is bloomberg. erg. shery: officials are reinforcing the message of imminent tapering and also making it clear that the economic recovery still has a way to go. our fed reporter, we have a lot of fed speak today. what did they have to say when it comes to tapering? reporter: yes, today was really and echoing i what we have hea

, the imf, the world bank, are working with governments around the world to leveraged in the privateor, because it is the trillions of dollars of private sector cash that will enable developing nations, and the whole world, all of us, to make the changes necessary. and to give an example, it was the uk government that set the strike price under the contract for difference system, the strike price for the private sector to come in and transform our country into the saudi arabia of wind, if you see what i mean. we don't resemble saudi arabia in many ways, but we produce more offshore wind than any other country in the world. 0nly yesterday, the uk's first sovereign green bond raised £10 million on the markets. from hard—headed investors, who want to make money. my point is these investments will not only help the countries of the world to tackle climate change, they will produce millions, literally in the decades to come, millions and millions of high wage, high skilled jobs. and today's workforce, and the next generation of green workers will have the extra satisfaction of knowing tha

hey, this morning the imf laid out a timeline. finally gave her definition of transitory inflation, should be measured in quarters, not months. they're looking because of this end of 2023 before us to get back on track. what would the implications for policy and the economy if that is true? >> i think, i still lean towards the idea it is transitory charles but i think it will be last longer than expected and probably go higher than expected. i think it will have implications. we have much into next year, charles, with running still hot reports, particularly wage reports threatening potentially profit margins of companies, you will see a lot more concern about inflation and to me that is what ultimately bring as correction at some point, fear of inflation lasting longer than it should, questioning whether it is secular rather than transitory. we could get that next year. there are strong, powerful secular disinfliction forces that i think ultimately will win -- disinflation forces. supply is way behind demand on some fronts, i thin

the world bank and imf are holding back from continuing support.n reserves and most local banks remain closed. translation: no one has any money right now, - all their savings are stuck in the banks. people arejust bringing small amounts of cash here to exchange, to pay for everyday living. translation: i needed money for groceries, . but the exchange rate isn't good, so i'm going home. the currency rate just keeps on fluctuating. i pray that god brings stability to the government and these problems can be solved. the afghan economy has been heavily dependent on international aid. whether or not that continues, at least when it comes to the west, is likely to be dependent on what kind of government the taliban create, what kind of laws it enforces. governing afghanistan is going to prove a bigger challenge for the taliban than taking control of it. they've been holding meetings with senior political figures, like former president, hamid karzai, but many doubt whether they're willing to really share power. their elusive leader, mullah hibatullah, ma

the imf, the world bank and in fact banks everywhere are trying to decide whether they will release afghanistan'szen assets and thereby try to avoid humanitarian disaster. our guests this week... the guardian columnist polly toynbee, mina al—0raibi, the editor in chief of the gulf—based the national newspaper, and still suitably distanced, here in the studio with me is the bbc�*s business editor simonjack. welcome to you all. so to begin with, borisjohnson�*s government has announced the largest tax increases in the uk for decades to try to fix the nhs and the social care sector. some say that the £36 billion it will raise over three years won't solve the crisis. 0ther critics say that the tax rises are unfairly distributed. let's begin this conversation with polly. to what extent, polly, do you believe that what the government is proposing will solve the problem with social care, which we have been discussing in this country for years? yes, government after government has failed to grasp it. at least this government has come up with something, but the something isn't nearly enough and it doesn't

we know the imf has frozen funds that were set to go to afghanistan, since the taliban took over.an aid has not stopped. i went amongst other humanitarian actors, we continue to deliver humanitarian assistance around the country. we can only encourage international donors to continue to support these life—saving efforts, particularly as winter is around the corner. 0nce particularly as winter is around the corner. once the harsh winters of afghanistan come into play, access to roads becomes very difficult for the delivery of that assistance. in terms of cash, right now, how much is needed? iom has put in requests for 2h million, cash —based assistance, and to help work with other humanitarian partners on delivery of food. as well as critical health services. afghanistan is recovering from a third wave of covid—i9 as well. if you were to get $24 million, what sort of emergency shelters would you be able to build for people as we head into winter? we be able to build for people as we head into winter?— be able to build for people as we head into winter? we would be able to ensure th

the world bank and imf are holding back from continuing support. the u.s.rozen reserves and most local banks remain closed. >> no one has any money right now. all the savings are stuck in the banks. people are being using cash. >> i needed money for groceries. the exchange rate is not good. the currency rate keeps on fluctuating. i pray that god brings stability to the government. reporter: the afghan economy has been heavily dependent on international aid. what laws they enforce. governing afghanistan is going to prove a bigger tout -- challenge for the taliban and taking control of it. they have been holding meetings with senior political figures. many doubt if they are willing to share power. their elusive leader may be declared leader of an islamic emirate. these new pictures of some of the final u.s. troops to be withdrawn from afghanistan the focus now is ont they have left behind. anchor: refugee agencies in the u.s. are working to resettle thousands of afghans. some republicans in congress a the u.s. should not let into many afghan refugees. a penta

not to mention the fact that both the imf and the world bank have been vocal skeptics of the adoption citing worries it may fuel money laundering. they're concerned about bitcoin's volatility and how it may ultimately jeopardize the country's economics stability. >> are people tieing together the adoption of bitcoin in el self door to the price action today? does it have more to do with the platforms and the people trying to buy the $30 in bitcoin in tan team with this what are you hearing >> some people are just writing it off as wales coming off the long weekend and taking profits. others say maybe it has to do with the rollout of the new government-run bitcoin wallet. it ran into launch issues overnight and temporarily disabled earlier today in order to increase the capacity of its servers. but we were always expecting scaling issues and, you know, a lot of people are successfully downloading the government's bitcoin wallet. they are getting the $30 worth of free bitcoin as a reward for doing that and, plus, i mean, it's always hard to say for sure what is behind the prices. >> it

the banks, the financials, the new government might need to work with the imf and what could happen ise reform. in the public sector, -- in my opinion, -- the last 20 years, people have been paying the price of the crisis and saving the wealth of the rich in the country. and the inequality reforms are on the table, the cause of the crisis -- reforms that could benefit the -- what we expect is more strategy, and more opportunity. unless we have a radically new government or system, it will concern those who -- or an uprising, we won't have substantial change in the future. >> thank you for joining us from beirut, appreciate it. israeli police are saying they have caught two out of six palestinian prisoners who escaped from a maximum security jail on monday. they were captured on mount precipice in the city of nazareth and four others are on the run after digging a hole and breaking out of the prison. the escape set off a furious manhunt across israel and the occupied west bank. live to harry in west jerusalem, any more information about how these prisoners were captured? >> yes, there i

and that's why the imf and the world bank are both, they're not backers of this plan at all.asons they cite is the high level of volatility. yes, the government has set up a fund in order to, you know, handle the transactions between bitcoin, but what if that runs out? what if they can't make good on all these transactions and that's the big fear here, that this could leelad to a gre deal of volatility >> appreciate it very much and all your reporting today >>> finally this morning, we have some fantastic news to share before we go a new addition to the tech check family diedra's third born last week. coming in at eight pounds and 12 ounces our congratulations to d and darrell as well as hero and ophelia. we cannot wait to meet him we've already had viewers say, where's d? when is she coming back? we want to let her have a chance to enjoy this incredible piece of news. >> she's got a good excuse and we can't wait for her to train up those new nintendo switch playing partners we know she's looking for people to destroy >> destroy on the game congratulations, d we miss you. hal

we must work together so that the international financial institutions -- the imf, the world bank --are working with governments around the world to leverage in the private sector, because it is the trillions of dollars of private sector cash that will enable developing nations -- and the whole world -- to make the changes necessary. to give an example, it was the u.k. government that set the strike price for the private sector to come in and transform our country into the saudi arabia of wind. we produce more offshore wind than any other country in the world. it was only yesterday the uk's first sovereign green bond raised 10 billion on the markets, from hard-headed investors who want to make money. and my point is that these investments will not only help the countries of the world to tackle climate change, they will produce millions and millions of high wage, high skill jobs, and today's workforce and the next generation of green collar workers will have the extra satisfaction of knowing that they are not only doing something useful, providing green energy, but also helping to sav

the world bank and imf are holding back on help. he world bank and imf are holding back on hel. ., ., on help. no one has any money right now, on help. no one has any money right now. other — on help. no one has any money right now, other savings _ on help. no one has any money right now, other savings are _ on help. no one has any money right now, other savings are stuck- on help. no one has any money right now, other savings are stuck on - on help. no one has any money right now, other savings are stuck on the l now, other savings are stuck on the banks. people arejust now, other savings are stuck on the banks. people are just bringing small amounts of money had to exchange and pay for everyday living. i exchange and pay for everyday livina. ., , ., living. i needed money for groceries. _ living. i needed money for groceries, but _ living. i needed money for groceries, but the - living. i needed money for i groceries, but the exchange living. i needed money for - groceries, but the exchange rate isn't _ groceries, but the exchange rate isn't good, — groceries, but the exchange rate

it is a big risk, something the imf and world bank have highlighted.sing el salvador as a conversation. is it something that has come up and it does concern people on the ground. romaine: what is the next step here? there are some who say more governments will adopt, but this is not really about government adoption. joe: i think adoption is still going to be more on the grassroots, even among people in el salvador. what i expect is that still it will be due people around the world what to see and adopt. romaine: we should point out, el salvador is a small economy. it is ranked 110th or something. taylor: there are big companies adopting bitcoin like donald's, allowing you to pay in bitcoin. what is the risk here that smaller companies, small businesses, entrepreneurs really get shut out of the economy if they try to convert at a faster rate? >> that is part of the risk and i think that is part of the concern, that some of these smaller mom-and-pop stores in el salvador and family-owned businesses don't have the technology for financial education to use

you know, as the g7 nations hold so much power over the imf and the imf having frozen afghanistan's assetsat's going to be a tough -- you know, a tough point of call for the international community. mullah baradar expected to take a leadership position, the commander of the faithful as the sort of ultimate leader. mullah akhundzada, expect him to remain in that position. expect the structure to be something like an iranian model where you'll have a potential president, but above him you'll have a supreme leader. that's the sort of structure which might be looking at. >> all right. capabilities yet to be tested in terms of actually running the country in a bureaucratic sense. good to see you, nic. thanks for that. nic robertson there in islamabad for us. >>> now, the white house detailing what was said between the u.s. president and former afghan president ashraf ghani during their last phone call before the taliban takeover. have a listen. >> president biden was telling ghani three things. work with my team to nail down the details of an effective military strategy, consolidating around po

governments and organizations like imf and world bank suspended aid since the taliban takeover over. spoke about that with a guest. >> this is what the secretary-general of the united nations will be calling for on monday at the big confence on afghanistan, to provide support through the u.n. and its partners, both for immediate humanitarian relf and also for the fundamental livelihood saving activities on the development side. so that partners can come in and provide that bridging fund, if you wish, until international finances can come back when there is an authorizing environment for the international financing system that will enable it. kate: the lebanese government is to begin getting cash assistance to hundreds of thousands of struggling emilys. inflation, power outages and shortages of medicine and fuel have left the population in need. reporter: classic sandwich, a once bustling fast food outlet in beirut, is now out of business, devastating employees. >> [speaking arabic] reporter: facing rising food prices and chronic power outages, the restaurant owners had to pay more ou

lebanon is a shareholder in the imf, which means it has drawing rights. so it has been able to withdraw more than one billion dollars, definitely a lifeline. how will the government spend it? will it continue subsidizing goods, a policy that has been criticized because it has led to smuggling and creating a black market, or will it use this money to support vulnerable families who are desperately in need of cash assistance every month. the economy has collapsed. more than 80% of the population 's currency has collapsed. the $1 billion will help. what the government needs to come up with is a sustainable path to recovery. lauren: norway's prime minister has conceded defeat after eight years in power. he says he will seek to form a coalition government after coming out on top in the results. there will be compromises over oil policy. immigration will be a key issue when germans vote for a new parliament later this month. the center and left see migrants as a solution to an aging population. -- to the problems of an aging population, but for the far-right, i

so maybe like an imf —type emergency response system for future outbreaks.utbreaks. and g used words which i _ for future outbreaks. and g used words which i later _ for future outbreaks. and g used words which i later apologised i for future outbreaks. and g used | words which i later apologised for about people not cowering from the virus and i know you didn't want to insult people who had lost loved ones but it seemed to be revealed something inside you that thought there was a danger of us living in fear rather than living with it. is that might? do you think we did too often live cowering in fear? ida. often live cowering in fear? no, that was the — often live cowering in fear? iirr, that was the non—choice of word and that was the non—choice of word and thatis that was the non—choice of word and that is why apologised it for it but what i meant by that is no one should feel frightened of covid—19 in the way we were in the early days because we have got vaccines, we've got te5ting, we've got surveillance, got te5ting, we've got surveillance, got treatme

at the imf as well. what is the pleasure you get out of heading the european central bank? ms.agarde: it is the same kind of pleasure i take in leading other organizations, making sure that other people around me are doing the best they can for the organization, delivering on their mission, and that we form a team heading in the same direction. that, to me, means an awful lot. david: my final question, you in your youth were a synchronized swimmer, where you have to work closely with teammates and have to get everything together quite nicely. is it the case that when you do the central banking role, you have to have the same skill set? you have all these central bankers of each country that you have to get to work together. do you think your synchronized swimming skills come together to help you as the head of the european central bank? ms. lagarde: yes. they do. because what you learn in synchronized swimming, if each individual is brilliant, it is great, but if you don't work together, you will not win the gold medal. working as a team matters, and i try and will continue to

that then caused greece 20 about $200 billion to the eu and imf. it was given successive bailouts.ike to come back to you. we heard about the differences between ever grand and the lehman brothers collapse. we have heard european and u.s. banks trying to reassure their investors that their exposure is limited. is it? >> certainly, the nature of china's financial system being relatively closed has limited the exposure to external players. i think that we want to keep in mind the political context under which this crisis has unfolded. president she is preparing to do something that is unprecedented in the modern history of china, which is to stand for a third term as party chairman and president of china. it's going to be essential for him in the run-up to the 20th party congress next year to continue demonstrating his position of control, perception of his control in this crisis with ever grand. it's really jeopardizing that image that he is trying to project. now, as they think about this, this creates a great incentive for intervening in the crisis and to make an example of ever g

and imf buildout greece's collapsed economy. >> from this point on, it is a heavy word. treason.e to tell them myself. >> we fiercely criticized the government for adhering to the bailout terms and for its deal with macedonia over use of the disputed geographical name. ever there rebel and ever striving to voice their views and music of his country.

the price of bitcoin is highly volatile in the one of the reasons that organizations like the imf warnedhe move could destabile el salvador's economy, and economists suggested it should be viewed as an investment and not a currency. a cold snap in the spring here in france had a big knock on effect for beekeepers. many flowers that help to sustain their hives died, the result is a significant drop in honey production this year and higher prices for consumers. we explained. reporter: this beekeeper does not need his protective equipment for these beehives. he faces no risk of being stung. all the bees have disappeared, giving away to a different insect. >> [speaking in foreign language] translator: as youan see, wax moths are taking over. reporter: he lost nearly 1.5 million bees this year. he is not alone. due to unusually cold temperatures, french honey production has fallen 40%. >> [speaking in foreign language] translator: all i can do now is clean the beehives, store them, and prepare to try again next year. reporter: without enough flowers to pollinate in april many bees simply star

we see the imf has also, for the moment, suspended all economic assistance to afghanistan.ntil two weeks ago, was 40% reliant on international economic aid and assistance. that's all gone. you'd think if the taliban were serious about trying to get some of those economic lifelines restored, they might be doing more to reach out in terms of guaranteeing rights, guaranteeing political pluralism. we're not seeing it. yeah. and that's what we are trying to get them to understand, the severity of the economy of the country, the enormity of the responsibility on their shoulders, and they must... time should be of the essence, enough urgency to them and that a political settlement, absolutely something that the economy of the future of this country will depend upon. and we hope they realise the enormity of the responsibility that they have on their shoulders now, and expedite the political talks that will hopefully lead to a political agreement in the political transition in this country. what's your feeling about what the donor nations, the western nations and others should do ri

according to not just joe biden but according to wall street, according to the imf, according to the international organizations. and so and then i'm going to be having a meeting today with the quad, with the leaders of, the leader of india, japan and australia and were going to be talking to afghanistan which is a legitimate thing for people to be talking about. at the truth of the matter is e end of the day is we were spending $300 million a day for 20 years. there is no easy way to end that and we're still getting people out but it's really, there is no picture book way to say okay, the war has ended, let's get a foot out and we will go home. no wars are ended that way other than there's been some renders an totally different circumstance. so anyway, there's a lot i'm sure along the line that the things i could've done better but i make no apologies for my proposals, how i am proceeding and why i think by the end of year where going to be in a very different place. >> follow-up on covid if i can what you say to americans who disregard the new cdc guidance and get a booster shot an

afghanistan's economy is heavily reliant on foreign aid — the world bank and imf have suspended their country's foreign cash reserves there. so is it now facing an inevitable crisis? joining me now is arsla jawaid, lead analyst at control risks in dubai. very good to talk to you again. it is getting very critical now in afghanistan. the military might has been shown but everybody wants to see what the new government looks like. in the meantime, this financial crisis is very difficult to. yes, absolutely. it is a very bleak outlook for the afghani economy. as you mentioned we have seen international aid suspended. notjust from countries like and often nowhere to park up. life in steve's cab over the next few days is not always easy. next few days is not always eas . , , ., , ~ easy. this is our bunk. knickers _ easy. this is our bunk. knickers de's - easy. this is our bunk. knickers de's boss - easy. this is our bunk. knickers de's boss and easy. this is our bunk. - knickers de's boss and has been driving for more than a0 years. he says conditions have worse and he is worried it is put

the world bank and imf are holding back from continuing support.n reserves and most local banks remain closed. translation: no one has any money right now, - all their savings are stuck in the banks. people arejust bringing small amounts of cash here to exchange, to pay for everyday living. translation: i needed money for groceries, . but the exchange rate isn't good, so i'm going home. the currency rate just keeps on fluctuating. i pray that god brings stability to the government and these problems can be solved. the afghan economy has been heavily dependent on international aid. whether or not that continues, at least when it comes to the west, is likely to be dependent on what kind of government the taliban create, what kind of laws it enforces. governing afghanistan is going to prove a bigger challenge for the taliban than taking control of it. they've been holding meetings with senior political figures, like former president, hamid karzai, but many doubt whether they're willing to really share power. their elusive leader, mullah hibatullah, ma