the international monetary fund in 2016 used a phrase that i found very interesting in the fiscal waterboarding when they impose strict austerity measures on greece but the irony though is right now many progressives including some of the largest humanitarian groups are actually calling on the i.m.f. to disperse a multi trillion dollar covert relief package that use funds that don't have to be repaid where do you stand on that is this a measure you'd support absolutely i would like to actually stunk and it took the international monetary fund is a creature created born during the bretton woods conference in $94.00 before the original idea was a splendid one it with a word like something someone like you know the central bank of the world and the folks for the 1st 20 years the i.m.f. did not do a bad job i mean it had it had to handle the fixed exchange the rangers team thinks changed when bretton woods collapsed. but i have survived. to survive it had the under took a new role it played the role of the bailiff of the wall street bankers the bankers of frankfurt and london. and paris. visiting c

lives in poverty 20 percent in extreme poverty i call there almost $6500000000.00 to the international monetary fund so but those are just numbers that that i mentioned of the crisis can be seen in the streets when i just came arrive to ecuador this week here in quito i thought it was like a holiday i thought it was a sunday because everything was closed the restaurants shops everything was closed but actually they are not closed those are businesses that went up. bankrupt so this is a very huge crisis for sure the most important economic challenge that the concert house deal with in the last year or so big that big the biggest challenge for whoever comes the next president thank you so much for that you have. and here are some more of the stories making headlines around the world iran's supreme leader ayatollah and they have said iran will only return to the 2050 nuclear deal if the u.s. lift sanctions on the republic us however has said it will not lift sanctions just to get iran back to the negotiating table a deal between iran and 6 major powers limited. activity to make it harder for tehran to

have military political alliances with the united states are indebted to the washington international monetary fund so there's only so much money to go go around what do you think will be the pressures to further privatized that scene research and maybe distribution of covert vaccines as we go through this pandemic the progress that the live a very important bank yeah. session image what lesson we've learned from could be one thing is how the private sector and then you know i really do. around. africa we just might all buy all the privates the puppy asked him to get our arms privates that book while listening to a couple before so i didn't need ryssdal but $80000000.00 within one year to support the restaurant and then you know so to me that's an image or lesson because the question tonight is how would government good for the project. what lessons can we take away from kobe so that we can use that to. epidemic preparedness for the future but also you know slashdot the private sector company a very important role in you know getting the back with using the or refocus on the or network on logic bec

according to the minister and then he let me she would actually means this is from the international monetary fund and that blue line is the protection of growth slow iran's economy and then 2017 it's on target 2018 this is when trump took the u. s. out of the nuclear codes and you can see here what the economy has done in iraq is this a consideration jason d's think from the u.s. side about the harm that's being done not to be a political elite and on but to ordinary people ordinary citizens chasing. so femi i think that graphic is quite stark and soufan said a report that we drafted one of the main points we made was impact maximum pressure campaign of the trumpet measure i should had was on the iranian people 1st and foremost and at the a stated objectives of the maximum pressure campaign had failed terribly it didn't rain in the iranian nuclear program in fact it's only increased its productivities in terms of the low enrichment uranium and the production of centrifuges we saw an increase an iranian proxies carrying out dangerous activities across the globe in february 2020 we saw a number of

. >> sreenivasan: last week, the international monetary fund projected that the increase of covid-19s would help fuel a global economic recovery in 2021. long before the coronavirus outbreak, there were already structural econoc fractures across the globe that have added to the economic fallout from the pandemic. for a look at thrisks and potential for resilience, i recently spoke wh dambisa moyo, global economist and author of the book “edge of chaos: why democracy is failing to deliver economic growth and how to fix it.” miss moyo, when we look around the world, it seems that covid halaid bare some of the existing inequalities that in a way we've chosen to avoid. what is our potential here as we recover out of this pandemic? >> well, i think the most important thing is for people to understand that the structural inequalities, whether it's in education, in health care, in income, have been an erosion in the us in particular, but more globally for many decades. and indeed, if you look back to before the covid crisis, a lot of economists were worried about not just income inequality

such as the world bank being a world trade organization the world health organization international monetary fund's must be strengthened once again whatever we are weak whether we are too slow to react too slow to make changes to under subsidiaries structures in asia have often been created by china or led by china so we must take action to show we have something to set against that for 2 years now so together we must define the strategic challenge is the agenda is clear we need to come up with ways of doing this together our interests will not always converge we should be clear about that where there are differences we should talk about the friendly but the main principles the values our belief in democracy. there we broadly agree we have broad foundations to build on we must make it clear that we do not want to create countries dependent on us but we want to. help others and convey our values and ideas and the transatlantic partnership is at the core of this effort i can only say this a lot to do germany stands for a new chapter in transatlantic relations we have ready for this and i'm delighted

not the case it's fragile economy is struggling to cope and they may have to turn to the international monetary fund for assistance it has already devalued its currency by almost a 5th enabling it to eke out more did ask for dollars or this is the syncs appraisal of the world bank a precarious political situation weak health care system ineffective social safety nets rampant corruption and lapid dated service delivery all amplify this fragility and have fueled large scale protests across the country or that begs the question where does all of iraq. it's all wealth go a lot to 90 percent of iraq's budget is dependent on oil exports this is budget is $113000000000.00 almost half of that budget is spent on the civil service but about 20 percent of those salaries go to people who do not exist in other words corruption it's deficit that's of course the difference between the money it raises in the money it spends is expected to be about 50000000000 dollars bank data will fill the gap by possibly collecting 6000000000 from the i.m.f. by turning to international investors but also by raising taxes on civil

have military political alliances with the united states are indebted to the washington international monetary fund so there's only so much money to go of go around what do you think will be the pressures to further privatized that scene research and maybe distribution of covered vaccines as we go through this pandemic if every step of live is very important will eventually there. was a session and there's a lesson we've learned from coby one thing is how the private sector and then you have rallied around. africa as we just not all but all the private sector of media came to gather farms the private sector acquire the sort of thing people couple before so i don't need ryssdal but a few $1000000.00 within one year to support the rest point and then yes so to me that's an image or lesson because the question tonight is how will the government engage with the practices of. what lessons can we take away from kobe so that we can use that to. stop all epidemic preparedness for the future but also you know to ensure that the private sector company a very important role in you know getting the back with u

have military political alliances with the united states are indebted to the washington international monetary fund so there's only so much money to go go around what do you think will be the pressures to further privatized vaccine research and maybe distribution of covert vaccines as we go through this pandemic the progress that the living very important thank you there. was a question him is what lesson would learn from toby one thing is how the private sector man you know i really do. around. africa we just met all by all the private sector of media camp together forms the private sector quietly sort of reading a couple before so i'm grateful but a few $1000000.00 within one year to support the rest point and then you know so to me that's an image or lesson because the question tonight is how would government good with the private. what lessons can we secure from kobe so that we can use that to. stop epidemic preparedness for the future but also you know to ensure that the private sector company a very important role in you know getting the back we. will refocus on the ordinary walk on logic bec

and privatization program influenced by the international monetary fund that looks at the life of a flamboyant and often controversial figure. tell us men in wars for many argentines a man from another time another place he was born in the remote mountainous northwestern province of larry aka to syrian immigrant parents the. many became governor of his home province in 1973 representing the peronist party founded by the former president one better on he took to the star with his geltrude dress and white sideburns of 19th century rural heroes and brought to one osiris flamboyance and pena mixing with show business sporting celebrities and driving fast cars he came to power in 1909 as argentina was suffering hyperinflation seek for justice with his influential economics minister domingo by all implemented the plan credited with ending the economic crisis along with large scale privatization of state industries his 2nd term in office however still rising unemployment and increasing social discontent and the prisoner during military rule he helped steer argentina from brutal repression although so

have military political alliances with the united states are indebted to the washington international monetary fund so there's only so much money to go go around what do you think will be the pressures to further privatized that scene research and maybe distribution of covert vaccines as we go through this pandemic if either stepped up live a very important thank you there. was a question im is what lesson would learn from koby one thing is how the private sector man you know i really do. around. africa we just met all by all the private but me ask him to get the forms private if that book while listening to a couple before so i'm grateful but $80000000.00 within one year to support the rest point and then give it to me that image or lesson because the question tonight is how would government good with the private. what lessons can we take away from kobe it so that we can use that to. stop all epidemic preparedness for the future but also you know the question all about the private sector company a very important role in you know getting the back when you are using the or refocus on the or network

major economist in the country and the international monetary fund says it is going to grow the economy. that is what we are talking about, how we are going to grow the economy. [journalists asking questions] pres. biden: thank you very much. >> thank you. thank you. >> president biden's nominee for attorney general judge merrick garland testifies before the senate judiciary committee monday for his confirmation hearing. watch our live coverage at 9:30 a.m. eastern on c-span and c-span.org, or listen live on the c-span radio app. for many years, earmarks was a regular topic on washington journal. it has not been for a while. it is coming back. we're joined by steve ellis, president of taxpayers for common sense and mark strand, president of the congressional institute, to help us understand what earmarks are, why they went away and why they are coming back? guest: thank you for having us. host: steve ellis. it feels like, if this were espn, and we are talking football, it is the t formation. earmarks have not been a topic of discussion in the halls of congress for a decade. what is a co

. ♪♪ todd: a must pass bill would require the international monetary fund to send trillions of dollarsountries for pandemic relief. arkansas congressman says it is a big bailout for china and joins me now. why are democrats pushing to potentially spend so much money and billions of dollars to not just china but our other enemies like russia and iran? >> it is good to be with you, a hard force, the toughest, no doubt about that. the developing countries want to help the poorest countries and that is why they've done a good job with funding for vaccines around the world for the poorest countries. the democrats are wrong, they shouldn't propose $2.8 trillion in foreign exchange reserves. you can't help the poorest countries through their proposal. countries like the netherlands, the united states and european countries get money and the worst regimes in the world will get it like iran and venezuela. who is putting it? china. china is in cahoots with democrats to get proposal through the congress, they are the largest creditor, they want us to have access to hard currency to pay them back

tom: i used bust you on the chops about this, a wonderful american at the international monetary fundd he would fall back on macro prudential's and he -- i would ask what is that. there are some new speeches and press conferences that need to be massaged. when the facts change, they will have to change. jonathan: remember the line in 2013, taking and tightening, are you excited to hear that later? tom: maybe they learn more. it sounds like you were on the edge of lisa. i just wonder how they are going to go through the process. let us remind ourselves, it is early 2021 and ellen zentner is a grizzled probe looking out 20 months. lisa: the problem is but -- that back then there was not real inflation. what happens when inflation checks the fed's hand? jonathan: print -- transitory, we will look through it. coming up, and drew pescaro's -- andrew pass because. equity futures update on the futures 500 advancing about 2/10 of 1% a long time tom keene and lisa, i am jonathan ferro. ♪ >> in new york with the first word news. iran says the u.s. must return to the 2015 nuclear deal and lift s

growth will be over 7%, the best in decades, and globally according to the international monetary funde economic growth will be the best in 40 years. that is more cash flow, more dividends, more buybacks. there is still a chance for equities to farewell. even with the momentum factor, technical influences. it does seem to be more of a speculative side to momentum lately. guy: we will leave it there. we always appreciate your time. thank you for joining us this morning. let's check or european markets have closed. we are through the auction. these are the final numbers. an uninspiring session, not going anywhere. you need to factor in what happened yesterday with u.s. being closed. yesterday positive session. today we are marking time. maybe waiting for the u.s. to play catch-up. talking of the americans playing catch-up, we'll be doing the cable show a little differently. jon ferro has departed the scene, pursued by bear. alix, you will be joining me tonight. alix will be talking about commodities a lot tonight. alix: i think so. it will be fun. and i will get to learn more about u.k.

bolivia's central bank has returned a nearly $350 million loan from the international monetary fund, which had been given to bolivia after the 2019 coup. the head of bolivia's central bank said the move was needed to defend the economic sovereignty of bolivia. president biden spoke to israeli prime minister benjamin netanyahu wednesday for the first time since taking office four weeks ago. according to the white house, the leaders discussed iran, military cooperation, as well as biden's support for israel's recent normalization of ties with several countries in the arab and muslim world. meanwhile, the white house has announced it will "recalibrate" its relationship with saudi arabia by holding talks with saudi king salman instead of crown prince mohammed bin salman. in other news from the gulf, the bbc has aired video of a princess in dubai who says she is being held hostage by her father, the prime minister of the united arab emirates, a close ally of the united states. princess sheikha latifa has not been seen in public since she tried to escape the uae in 2018. >> i am a hostage.

poverty 20 percent in extreme poverty the country owes a 6 point $5000000000.00 to the international monetary fund but those are just numbers but they did they mention of this crisis can be seen in the streets when i got here to quito sundays ago i thought it was a holiday i thought it was a sunday because everything was closed restaurants shops everything and they are not close i mean they just went bankrupt and that's it shows how be tough huge is the crisis right now here in ecuador and that's going to be the main challenge for the next president all right your hunger for to leave it there but thank you for bringing us up today. and the biggest spectacle in u.s. sports super bowl $55.00 kicks off in just a few minutes time in tampa florida it pits the tampa bay buccaneers against the kansas city chiefs and the pandemic hasn't kept football fans from showing up at the various fan zones in the city with only $22000.00 tickets available inside the stadium many don't even have concrete plans where they're going to watch the super bowl but whatever they end up masts of course will be mandatory. now

and when you have the international monetary fund saying don't worry about debt, when you have the federalerve saying don't worry about debt, i'm supposed believe warnings from a baunch of republican senators? come on, let's ask what is their motivation, not should we take them seriously. >> fair. the last thing i'm really just curious in a topic turn is the gamestop reddit activity has gotten a lot of press and a lot of reaction. what do you make of it? and do you think there is anything meaningful that comes out of it, or do you look at it more of an aberration? >> this was kind of a combination of two old-fashioned things. there was clear lay pump and dump scheme where people buy some stock and start spreading rumors about how grate it is and leave suckers holding the back. lots of people claim my life savings were wiped out because they bought it into it. and then there is predatory finance. you attack something not because you have a better idea of the valuation, but you think people are going the run out of money. and there is a funny thing here which is the victims of predation were

-2999 embracing closer ties with the us and the privatization program influenced by the international monetary fund that looks at the life of a flamboyant often controversial figure. tell us many wars for many argentines a man from another time another place he was born in the remote mountainous northwestern province of larry aka the syrian immigrant parents. many became governor of his home province in 1973 representing the peronist party founded by the former president one there on. he did the star with his geltrude dress and white sideburns of 19th century rural heroes and brought to one of cyrus flamboyance and pena mixing with show business sporting celebrities and driving fast cars he came to power in 1909 as argentina was suffering hyperinflation seek justice with his influential economics minister domingo the implemented the plan credited with ending the economic crisis along with large scale privatization of state industries his 2nd term in office however still rising unemployment and increasing social discontent with the prisoner during military rule he helped steer argentina from brutal

the international monetary fund is anticipating myanmar gdp to double by 2025 but political jeopardy a fund manager at asia frontier capital, thank you for joining us. how does it affect the prism through which you look at investments in the region? >> good morning. obviously, the development in the near term will be negative in sentiment given it will cause uncertainty in policymaking. remember that foreigners can invest in local companies in -- cannot invest in locally listed companies. also, only a handful of companies have exposure so it is not a lot of foreigners invested in myanmar at this point in time. rishaad: what do you make of this? the military have said they will take power for a year, but we heard that from many different military coup leaders who have taken over and gone on to actually go on to rule for years afterwards. how does this look longer-term than? ruchir: obviously, the optics of this will not go over well in the sentiment, especially investing in myanmar given it is a potentially longer-term growth story. that will play out negatively for those looking at t

a spokesperson for the international monetary fund, which last week transferred about 350 million dollarsexpressed concern about the situation. so, a lot of talk this week but no action as yet. and the association of southeast asian nations or asean, of which myanmar is a member, is facing growing criticism about its lack of response. charles santiago is the chairman of asean�*s intervention group parliamentarians for human rights. we have asked for asean to expel myanmar out of asean. i think the time has come that asean has a really get its act together, because it is also reflecting and it has become an embarrassment of asean and for asean leaders. this is very embarrassing. but that is the reality we live in. and also i think at this time civil society in all countries has to put pressure on a government in order to tell our government you can not accept this happening in myanmar. rule or port at length on the soul of the republican party in the us. from those who want to stay close to donald trump or break away from. part of that store has been playing out today. she has encouraged o

i've actually used them, especially during the international monetary world fund bank protest in the early 2000s, they have people that are trained in crowd control. now, we had them tucked away. we didn't just show them, but we had to actually deploy them on a couple occasions to actually help us man the lines. and had they not been there, we would have lost the line. so they are very good at what they do, but they're no good if they're not there. and so you have to be able to access them as a resource in a timely fashion, because if you do, then you're able to be able to deal with a situation far more effectively. >> we'll take a very quick break. i just want to remind our viewers that the senate administration committee is on a very quick break. should be back momentarily. they are questioning law enforcement officers what they knew in advance of the january 6 insurrection, what they learned on that day and lessons they learned since. we'll be right back. way for you to sell your car. whether it's a year old or a few years old. we wanna buy your car. so go to carvana and enter you

we are hearing the same message from the international monetary fund based here in washington that this is the time for governments to be spending big to tackle the pandemic. and the argument is two-fold. we have an absolute crisis. we have to get the pandemic under control. if we don't get the pandemic under control, you're not going to get economies rebounding anyway. and also that interest rates are low, so this is a good time to be borrowing. at the same time you're having the european leaders say we agree with the american approach and we wish we could do as much as the biden administration is hoping to do, you are also starting to get stories in the uk, for example, about how some of the spending in previous packages has actually gone to waste and hasn't been targeted enough. it satisfies the biden administration's political ambition to be seen to do something big approximate bold, which it clearly wants to be. but doesn't come back to bite us in in six months' time or a year's time like we are hearing in the uk, the stories of waste built into the program. is it possible to do th

terrific team of economists, they think it's fine, bank of america think it's fine, the international monetary funds that the -- the risks of doing too little are much bigger than the risks of doing too much. if it turns out that this bill was more than we needed, and the fed needs to raise interest rates a bit to keep inflation from taking off, okay, that's a nuisance. if the bill falls short we will not get another chance to do this. so it has to be -- it has to err on the side of being big. because you get, really, one shot at getting this right. >> can i -- we've talked about this before. i'm just curious as we sit here in early 2021 as we've discussed before, i've been a deficit hawk for 25 years. i've been a crank when it comes to federal debt. and i'm curious, at what point -- is there a point where you get concerned about percentage of debt to gdp? or do you think that's looking at it the wrong way? >> it is the wrong way because you're -- at most you should be looking at interest payments. what's the actual burden of, you know, servicing this debt? and interest payments right now, federal

the world facing the pandemic and referenced the use of special drawing rights from the international monetary fund. madam chair, i'd like to submit my op-ed inaters: "the wall str journal" for the record with your permission. >> will without objection suche order where and the gentleman's time has expired. on.eurshie the gentleman from californiap, mr. sherman who's also on the committee is recognized for five minutes. >> thank you, madam chir. as i pointed out in the democratic caucus you preside as full committee chair over a ul committeel today of full committee chairs. of six i will be the only one out of the first six democ democratic i questioners who doeson not prese over of course our financial services committee, oversight reform, small business, foreign affairs or agriculture.ng w madam chair,e ar i thank you fos mentioning thatea we are not sa until we defeat this disease everywhere. there are those who are focusing only, and we should focus on vax fating all americans.re but until all 7 billion plus people in the world are vaccinated, we haven't met our moral responsibility. the world

it is money we cannot afford not to spend and that is why pims, the international monetary fund, theld broadly be _ see the future to be? i think it would broadly be in _ see the future to be? i think it would broadly be in line - see the future to be? i think it would broadly be in line with l see the future to be? i think it i would broadly be in line with the government on that. we want to see a route map, we want to see that timetable. it has got to be one that is realistic, is appropriate, does not put our public health at risk. but crucially, for businesses, they need to be able to plan around that, so they need to know the economic support will sit alongside the public health measures. at the moment they diverge considerably. we need to make sure, i think, for businesses, that that route map to reopening allows businesses to open in a viable way. so we cannot have ridiculous things we have seen speculated about, with pubs saying they can reopen but without serving alcohol, for example. businesses will only want to restock and spend all this money on reopening, which they haven

for president already he favors free markets and the kind of measures that international organizations such as the monetary fund believe are the best way forward for any weather so there lies the difference and the divisions while the votes continue in ecuador and ok on the standard thank you thank you for that update. well the opposition in haiti is threatening more protests their president does not step down on sunday haiti's constitution says a new president's term begins on february the 7th everyone agrees on that but not on which here as he still has another left in office reports on the political crisis. clashes between the opposition and security forces right next to the presidential palace. it's become a regular occurrence on the streets of port au prince. protesters continue to demand presidential in more he steps down. gives us. more yes it's a strike against kidnapping against hunger in the country and we are sending a clear message to the president to respect the constitution oh you know this week transport unions and other workers went on a 2 day strike denouncing institutional violence and an alar

as i said, almost every major economist in the country and the international monetary fund says it is going to grow the economy. that is what we are talking about, how we are going to grow the economy. [journalists asking questions] pres. biden: thank you very much. >> thank you. thank you.

as i said, almost every major economist in the country and the international monetary fund says it is going to grow the economy. that is what we are talking about, how we are going to grow the economy. [journalists asking questions] pres. biden: thank you very much. >> thank you. thank you. >> president biden's nominee for attorney general judge merrick garland testifies before the senate judiciary committee monday for his confirmation hearing. watch

as i said, almost every major economist in the country and the international monetary fund says it is going to grow the economy. that is what we are talking about, how we are going to grow the economy. [journalists asking questions] pres. biden: thank you very much. >> thank you. thank you. >> weeknights this month we are featuring american history tv is a preview of what is a waivable -- available this weekend on c-span3. friday, allison parker, author of "the unceasing militant" tells the story of her activism. she is joined in the conversation by nikki brown. watch friday beginning at 8:00 p.m. eastern and enjoy american history tv every weekend on c-span3. >> coming up today on c-span, house speaker nancy pelosi holds her weekly briefing at 10:45 eastern. the ceos of robin hood and reddit join for a hearing on the recent stock price increase involving gamestop. the senate banking committee meets to examine the economic recovery during the coronavirus and that might. that is followed by a house ways and means subcommittee hearing on the tax services available to use for free during