an hour to international a huge relief package for ecuador as it strikes a deal with the international monetary fund we'll look into whether it really is a relief after the break. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. spearing dramatic developments only mostly exist i don't see how that strategy will be successful very critical. to sit down and talk. 21 minutes into the program welcome back let's start back inside america where ecuador has struck a deal with the international monetary fund on a $6500000000.00 relief package the lifeline comes with strings attached including spending cuts tax reform ecuador is in the grip of a long running economic crisis on the i.m.f. has already provided several loans to secure them. slush funding for vital public services including health care and critics say bounce left the country defenseless in the face of the coronavirus ecuador in fact is among the hardest hit nations by 1000 in latin america. and i think the everyone in the entire population had this corona virus but we did not have medical help beca

it into the ground shown no willingness to fight corruption or save a bailout from the international monetary fund so the holder has more from the capital beirut. the foreign minister's resignation is being seen as a blow to prime minister has given his government he's been trying really to gain credibility and legitimacy at home and abroad since taking office in january but he has largely failed to do so the prime minister made many many promises like to fight corruption to fix the economic situation nothing has changed in fact the situation is only getting worse and now criticism from within his own government the foreign minister saying that lebanon is becoming a failed state he's accusing those in power of not having a vision and saying that they are not carrying out the 4 reforms that are needed to be able to be eligible for much needed international financial assistance in fact talks with the international monetary fund to bailout the economy are now on hold and the statistics really are staggering more and more people are losing jobs businesses are closing in fact an agency recently said th

to persuade politicians to fight state corruption and push through reforms needed for an international monetary fund bailout plan. for. or by france. or has. for the next. in his 1st act in office the new prime minister did what no lebanese official has done visited the neighborhoods damaged in the explosion we gaining the trust of the people won't be easy many accuse the political class who. pointed a deep for decades of corruption and unsafely storing explosive material after port . unlike his predecessor has. resigned in the aftermath of the august before explosion has the support from the majority of political forces but like a db could be held hostage by a political establishment that has been reluctant to carry out state reforms that could threaten their interests but this time they may have little choice the state is close to collapse and the international community says there won't be blank checks in the words of the new prime minister lebanon doesn't have time and this may be its last opportunity to save itself. boot hamas has announced it has reached an agreement with israel to end the lat

the government is trying to get a bailout from the international monetary fund. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i'm ricky.untries, francine,? tom yet -- i am ritika gupta. bfrancine? tom? tom: equities, bonds, currencies, commodities. to fourear, we go digits here. we like to go to four digits in our data check. i'm really looking at the 10-year tips. this is a stunning real rate -1.0837. of a that is an extra ordinary statistic. they wreck we go to four did was -- nejra, we go to four digits on bloomberg surveillance. nejra: those real rates have largely been pushing gold higher. you see a little bit of risk off in european equities. a lot of earnings suggest the dollar near a two-year low but making a comeback and a fourth the pound very much in focus. one of the g10 performers up .4%. negative rates are in the toolbox but they have no plans to use them. pricing has come back into the markets on negative rates. market took some of the guidance on the boe as well, slightly

flooding and now has very weak growth forecasts uganda received a $490000000.00 loan from the international monetary fundin may to help cushion the blow. and for more on this i'm joined by correspondent in kampala julius. good to see you tourism is such an important sector for uganda. because the pandemic tourism has been drying up everywhere how does the sector look in uganda right now. i think the situation in uganda as tourism sector is no any different from many other african countries uganda have liberalized and foreign visits has all come from. the united states and asia and now with the airlines down on no one is traveling it's been really a very hard time for the to operate as many 2 agencies of closed recently there was a relaxation of the local down and the national parks started opening the doors to visitors but these are local visitors and local visitors contribute to a very small percentage to the tourism bust which is estimated to above 1600000000 so of it to all parties as i read in a very terrible time much as they're trying to come back to business the numbers won't make any sense until

the international monetary fund predicts that zimbabwe's economy will shrink by 10 percent this year. and health unease is looking to boost its business in cancer research the german medical tech fund wants to buy u.s. medical equipment make a barrier or of a $16000000000.00 they already want to get around things like therapy. subject to approval from barry and shareholders and regulate his could see a deal by next year. lasting business with you. forecasters from nigeria you know that's what nollywood stands. authentic. and successful beyond belief. would start aug 7th g.w. . in the. climate change. comes from a massive 6. 6 . years today how for the future. of. the economists could cut or. claiming. last week punching until you're at home and can't take it. anymore but if we kick each other in the legs head to i. gotta let out that tension the tension of every day life better here than anywhere else half they call it seems fight a brutal duel a battle without rules always somewhere new mostly on the outskirts often years st petersburg in the north of russia. kills says fighting make

the ground of shown no willingness to fight corruption or to receive a bailout from the international monetary fund those are your headlines it's witness now stay with us. we understand the differences and similarities of cultures across the world. so no matter where you call. out is iraq we'll bring you the news and current affairs that matter to. how to 0. 000-000-0000. 00. 000. 000. 000 am. the. walrus while ours being very important. it is considered our main staple. it takes a lot of work to dismember a wallers. kicks a crew you know to fight that out. takes the family to put it away. survive here it's about family. i know i have relatives there i just don't know very much about them. i have no connection with my rest russian relatives at all i don't know their dialect so there's a really big there. i've heard stories a long time ago hall their worst interaction between the village just before the ice cream. i think about home my grandparents might have felt when day separated them. that must have been a big grief for them to. that connection a lot of our elders have asked to die made would lo

the international monetary fund predicts that zimbabwe's economy will shrink by 10 percent this year. h.s.b.c. says its pretax profits have plummeted 65 percent in the 1st half of 2020 compared to last year executives blame the coronavirus and spiraling tensions between china and the us. and then base lender does most of its business in asia with china and hong kong driving its growth earlier this year the bank said it will shed some $35000.00 jobs as part of an overhaul to focus on faster growing markets in asia. and that's it for me energies of your team here in berlin to check us out a lot of dot com slash business i'm seeing beardsley thanks for watching. journeys through a continent in crisis south america is being hit particularly hard by the coronavirus pandemic poverty. elling health system. and political tension the ideal breeding ground for rapid spread of the virus hardship continues to grow closer. 60 minutes. now live. in support of. over. the river. this is due to the news africa on the program today coded 19 is fielding a rise in sexual violence against women in many af

the international monetary fund predicts that zimbabwe's economy will shrink by 10 percent this year. h.s.b.c. says its pretax profits have plummeted 65 percent in the 1st half of 2020 compared to last year and executives blame the coronavirus and spiraling tensions between china and the us. been based lender does most of its business in asia with china and hong kong driving its growth earlier this year the bank said it will shed some $35000.00 jobs as part of an overhaul to focus on faster growing markets in asia. and that's it for me and a team here in berlin to check us out a lot of dot com slash business i'm seeing beardsley thanks for watching. that 77 percent. are younger than thanks to. cuts me and me and you. and you know what it's time all voices. on the 77 percent the top issue. this is where you. go 77 percent this weekend on d w. literature invites us to see people in particular. to see some as the kids find growing up. right. on youtube. back after 4 and a half months this is the the other news asia coming up today it's called the pharmacy of the world and the hope is it

former ambassador to germany now faces calls to tackle corruption and make a deal with the international monetary fund the desperately needed support amasses it has reached a deal to end the recent escalation of violence with israel the qatari brokered deal follows more than 3 weeks of cross border exchanges of fire israel has bombed garceau almost daily since august the 6th in response to airborne incendiary devices and rockets launched from the palestinian territories u.s. democrat presidential nominee joe biden has called donald trump a toxic presence in the country is that his opponent was poisoning political debate as protests over police brutality towards black people continue troubles hit back saying biden's offered vandals. 8 and most of the latest headlines here on al-jazeera if you find a latin america is coming next that's more news in 25 minutes. we understand the differences and similarities of cultures across the world so no matter how you take. out just 0 read the news and current affairs that matter to you. how to 0. viewfinder fresh perspectives through the lens of local filmmakers ar

former ambassador to germany now faces calls to tackle corruption and make a deal with the international monetary fund the desperately needed support. amassed says it has reached a deal to end the recent escalation in violence with israel because for a brokered deal follows more than 3 weeks of cross border exchanges of fire israel has bombed girls almost daily since august the 6th in response to airborne incendiary devices and rockets launched from the palestinian territory are a force that has more. well it's all coming from the hamas side which is typical in these sorts of situations israel tends not to say anything about these announcements of the escalations or cease fires but according to israeli media there are israeli defense sources who are confirming what hamas is saying at least to the extent that there is an agreement what hamas says about this agreement is that it will stop its in century balloon launches an explosive balloon launches as well as that the what it calls its night time confusion operations where groups go along the border fence and throw explosives and cause disruption and i

the economic crisis and this did not have their know got them and negotiate with 'd the international monetary fund and and other international donors. knowing that international aid and international 'd financial support is the only way out of the huge mess of crisis the country's and now they haven't yet though it is an acute crisis and right now there's a new one we're looking at the port lebanon's imports of millions of lebanese depend on food for example passing through that port do we still have the connection it looks like we're going to wait for a 2nd ok we have a connection that you know you i'm going to guess we can hear you again thanks so much i you walk him and i'm going to restate the question this port is essential to get the goods to the people of not only the capital but the rest of lebanon what needs to happen right now for the port itself so that it can get up and functioning so that supplies can get to the people of lebanon. exactly there needs to be. immediate but probably humanitarian operations to get the courts running again we should not forget the country depends to 85 per

it is in negotiations for a bailout from the international monetary fund. those talks have stalled.et's hear from a writer for the public source website in beirut. >>any are living above the poverty line. on top of allhis, this time of tension and security crisis banon will prevent a stable situation. the government -- which the government has failed to maintain. >>an l's deeply divided political scene ---- the country recognizes 14 political offices and religions, dediamong the three biggest communities. ats in parliament are also vided between christians and muslims and people from other communities. then there is the role of militia groups. the largest. lebanon's neighboed israel, thwan attempt from hezbollah did for trait -- to infiltrate israeli teitory. one coequence of having so many groups as corruption. lebanon ranked 137th out of 180 s countr transparency. which means governments tend to come and go in lyanon. when t come, they struggle to get things done. joining me from beirut is a reporter at the daily star lebanon andewaper -- star lebanon newspaper. let's talk about y

facing really a lot of challenges we mentioned the dire state of the economy talks with the international monetary fund have stalled the previous government on able to make any progress because the political establishment who appointed either or the previous prime minister has said they are reluctant to carry out reforms and to fight corruption in the state because it would automatically mean their interests are threatened because they benefit from the state's resources so they're going to have to show seriousness that they're ready to fight corruption in order to unlock billions of dollars in aid beirut also needs to be rebuilt many of the city's neighborhoods were destroyed or damaged in that port explosion some people do not have much hope that there will be change but others believe that this time around the political class knows if they do not make any concessions then they will lose the country and they will they will rule over a destroyed country which really means they have no power and no influence. so i want to thank you for that live from the roots well name salim is a professor of internati

to be eligible for much needed international financial assistance in fact talks with the international monetary fund to bailout the economy are now on hold and the statistics really are staggering more and more people are losing jobs businesses are closing in fact an agency recently said that 500000 children are growing hungry just in the beirut area alone so the situation is worsening the foreign minister saying that the government has done nothing and really raising the alarm saying that the sink the ship is sinking and if it is not saved everyone will drown in a clear reference that the government itself and those who hold power who are starving want to mentation power they too will drown if no solution is found. protests have been ongoing in lebanon since last year the unrest eventually led to prime minister saad haiti's resignation then a new cabinet was formed in january headed by current prime minister. but since then he's been telescope with reversing the worst economic downturn in decades non-governmental organizations say at least $80000.00 people have lost their jobs and recent months tha

to be eligible for much needed international financial assistance in fact talks with the international monetary fund to bailout the economy are now on hold and the statistics really are staggering more and more people are losing jobs businesses are closing in fact an agency recently said that 500000 children are growing hungry just in the beirut area alone so the situation is worsening the foreign minister saying that the government has done nothing and really raising the alarm saying that the sink the ship is sinking and if it is not saved everyone will drown in a clear reference that the government itself and those who hold power who are starting to want to mentation power they too will drown if no solution is found. hamas has described overnight israeli air strikes of gaza as a dangerous escalation israeli military says it targeted several sites offer a rocket was initially fired from gaza this is the 1st such exchange in a month. the israeli army says it's killed 4 feiss in the occupied golan heights it's released this video accusing them of planting explosives along the border fence and the tre

former ambassador to germany now faces calls to tackle corruption and make a deal with the international monetary fund the desperately needed support. amassed.

the ecuadorian government and the international monetary fund have struck a new $6500000000.00 economic relief over the lifeline is prompted fears of more painful austerity measures that could also been in the grip of an economic crisis for years and the i.m.f. has helped to prop it up financially with loans to secure them to slash funding for the public and healthcare sectors that critics say has left the country vulnerable during the pandemic that is among the hardest hit by covert 19 in latin america. i am i am. i am. i think the everyone in the entire population had this coronavirus but we did not have medical help because the doctors did not come here they are only in the city and we had to go and look for them so people used home remedies. like. in a can you can't imagine how bad the hospitals were they didn't want to admit anyone else so instead they took my parents to work you'll be back my father and my mother both died there. in brain simple receiving that sum of money for a country in crisis sounds like good news well did they believe that detail these agreement is not a free

well talks with the international monetary fund have been on hold for some time now the government is not presenting a united voice the banking sector or the government not even presenting the same figures to the i.m.f. the i.m.f. is telling them if you don't reform then you're not getting any money and everywhere the international community made it clear the i.m.f. is your only way to get international aid so we must leave it many thanks for your question coverage of those still developing events in beirut we will keep your cross all the main developments of close of course here on al-jazeera to stay with us but keep you posted about and. we understand the difference is the similarities of cultures across the wound so no matter how you take a. current affairs. countersteering . hi i'm steve clements and i have a question about america's elections what would lincoln do let's get to the bottom line. u.s. president donald trump set off alarm bells in america last week when he talked about delaying the upcoming election after the corona virus pandemic public health officials recommended

not helped by a government that does not seem to be cooperating with, for example, the international monetary fundthe political system to change for the political system to change for the government to be responsive. the government as being far from responsive. it continues to act with impunity. this explosion, with its devastating impact on livelihoods, is going to only add to popular resentment and anger against the government and all the political class in lebanon. lebanon was already going through an economic crisis and hospitals were also struggling to cope with an outbreak of covid—19. the blast has triggered a new wave of anger against the country's political leaders. joanna gosling has been speaking to edgard jallad, editor of bbc arabic tv, who grew up in the city, about the impact on the people there. the rescue forces are trying to remove the rubble and are searching for people who, you can see on facebook pages, people asking if you know this person, have you seen them in the last 2a hours? morgues and hospitals are beyond their normal capacity. the ministry of health is asking countri

deal with the international monetary fund on a $6500000000.00 relief package now the lifeline comes with strings attached including spending cuts tax reform ecuador is in the grip of a long running economic crisis and the i.m.f. ready provided several loads to secure them quito has had to slash funding for vital public services including health care and critics say that's left the country defenseless in the face of the demick it's among the hardest hit nations by covert 19 in south america. last month the everyone in the entire population had this corona virus but we did not have medical help because the doctors did not come here they are only the city and we had to go and look for them so people use common remedies the way. you can't imagine how bad the hospitals were didn't want to admit anyone else so instead they took my parents to go kill me because my father and my mother both died there. in principle receiving that sum of money for a country sounds like good news well did they believe that the tape. these agreement is not a free lunch for weather or it comes with a start and these

astonishingly it's estimated some $29600000000.00 could see part of the country this year while the international monetary fund is in talks to offer a $10000000000.00 bailout economists believe the banking sector may need $96000000000.00 to recapitalize that would mean wiping out the shareholders of local only guts and surprisingly they're not interested in that and holding up any agreement while much of the blame has been put on the central bank which is sitting on $40000000000.00 of losses the central bank's policy of maintaining a currency linked to the dollar convinced many that the country was a stable place to invest as money was sucked in the bank lending out to the government to pay for imports and interest on debts it was good for the banks who bought up the debt the interest on those loans help them to pay $22000000000.00 in dividends to shareholders by 2019 half of the government's fiscal revenues went to pay the interest on debts so you can see the conflict of interest why would you as a politician and bank shareholder oppose increase government spending well let's bring in some expert analysis joi

decisions, especially, for example, going forwards when it comes to negotiations with the international monetary fundeforms, such as economic reforms that are required for lebanon to receive a badly needed aid package and economic assistance from the international community. so this kind of government is not ina this kind of government is not in a position to make these decisions because it's a ca reta ker decisions because it's a caretaker government. so even though there have been so many resignations, what are the chances, would you say, of real change? i... looker, ithink, as you said in your introduction, this is a system that has been now in place for decades. there are a lot of interests at stake here. and people and groups are going to defend these interests and are not going to give up the power they have had for decades, from their fathers, they have had for decades, from theirfathers, grandfathers, and now, some of them, you know, theirfamilies and now, some of them, you know, their families have and now, some of them, you know, theirfamilies have been in powerfor a long time and some of t

institutions that often talk to prime ministers and presidents of the world bank and the international monetary fund do you believe that at least this pandemic means they will be less able to tell the leaders of the global south to privatized their health care systems what health care systems they have after the global pandemic the hind behind insurance then how i need behind bailouts if you know world bank and i.m.f. are already getting ready and there's not a single time where world bank and i.m.f. have given money without a structural adjustment package behind it in 99 to one it was a $90000000000.00 crisis we had when world bank pushed the privatization of the seeds and that is what destroyed our agriculture and that is what created refugees most indians were farmers that refugee status is today in the migrant labor half of india. works as to carry sleep all well and they have no work there today's hungry people saw you know the greed of the money machine as i call it in my book one this was one percent on which the i.m.f. world bank the damage to your rules the billionaires who really gain out

with the international monetary fund asking for economic assistance in a very critical time and now with this port with that with what has happened today out this court this is one of the main gateways which lebanon uses to bring in food to the country so this is also another major crisis looming over the country or there has been added to the series of crises right after 1000 and economic situation in lebanon. you said at the start of 'd your your report thorough stuff the hospitals are asking for they're essentially full they're centrally overwhelmed they're not letting more people in we initially heard there are 10 deaths people poles from the rubble near the area does it look to you from what you've seen from what you've heard that it could get much worse than that in terms of fatalities unfortunately unfortunately yes especially from the us i think that the poor had a lot of stuff on the inside at the time of the explosions rubble is mounting in that area so we don't know what's under the rubble but i think we should expect that the number of fatalities is going to rise also we have

you mentioned there's also the external dynamics and optics trying to pull together the international monetary fund assistance package trying to stave off various. sanctions direct and indirect involving hezbollah and syria the foreign minister who just resigned out of frustration disgust with actually u.n. official kind of taking his side there's his his position and the prime minister's position are are somewhat precarious the fact that he brought in one of his own assistants to take over 'd the foreign ministry portfolio i think is indicative of him wanting to keep everything close keep his people 'd his people there so that if there's not a lot of interference not a lot of. undermining of his political position now a number of countries have offered humanitarian aid to lebanon what sort of help does the country need i mean we know that it's not a clinton structure is already under immense strain. yes it's under immense strain 1st just because it was under immense strain even 6 months ago but now with the code 19 there is they're starting to get a surge in cases so they need personal is public t

in order to give libyan on financial aid its international monetary funds which means like fight the corruption it's very difficult for that have been his authorities and 2nd put a ban on outside. of old original conflicts which also going to open a big question about hezbollah again and its arms so they believe that's going on what what's going what's going to happen when his going to meet the high ranking officials in lebanon it's not only giving support but also to stress on major things what if you've been hearing about how things are going on the ground as people are trying to recover. well the situation is very very bad. ellen show you just the quickly you know how the people that really devastated and are desperate basically before i came here also i saw a petition it was circulating in social media and basically it said the place you've been on under the frenchmen they for the next 10 years some even used their sign gets more than 40000 a side and now they want to give it to the french president before he will leave that's how desperate somebody but let me tell you that this