he was a senior economist at the international monetary fund and world bank and a research scholar at the foreign policy research institute. take it away, patrick. that thethe sanctions u.s. is reimposed and will work most effectively if the united states can form a broad domestic consensus, broad international consensus on this matter, and can demonstrate effective enforcement of the sanctions. these are all going to be big challenges. i will leave it to my colleagues to address those matters. interestheir greatest or as my comparative advantage is talking about developments inside iran. let me discuss that. face were challenges we about making the policy work effectively to persuade iran to change its behavior. the difficult political environment inside iran, where there are two factions, each of which are dedicated to preserving the islamic republic but have different ideas on how to do that. they spent most of their time and effort sniping at each other. sanctions get caught up in that. what we have is a group of who call them technocrats or moderates who are deeply committed to t

great and the good of global trade are in beijing today, meeting chinese prime minister li keqiang. the visit by bosses of the world trade organisation, international monetary fund and world bank comes as china's trade war with the us continues to cause widespread concern. china is keen to convince the world that it is open for business, and that it really does play fair. earlier this month it cut import tariffs on more than 1500 goods, including metals, wood and even gemstones. but the reductions were fairly meagre, less than 3% on average. but even if progress on liberalisation seems slow, firms are investing more and more money in the country. last year there was $136 billion in foreign direct investment. one of those investing is tesla, which last month spent $140 million buying land in shanghai, for its first factory outside the us with reports it could spend as much as $5 billion on the new plant. that is just one example of a company investing significantly in china. shanti kelemen, director of wealth & investment management at coutts joins me now. china very much setting out its stall this week with a global audience, saying we are open for business despite the trade w

great and the good of global trade are in beijing today, meeting chinese prime minister li keqiang. the visit by bosses of the world trade organisation, international monetary fund and world banks china's trade war with the us continues to cause widespread concern. china is keen to convince the world that it is open for business — and that it really does play fair. earlier this month it cut import tariffs on more than 1500 goods including metals, wood and even gemstones. but the reductions were fairly meagre — less than 3% on average. but even if progress on liberalisation seems slow — firms are investing more and more money in the country. last year there was $136 billion in foreign direct investment. one of those investing is tesla — which last month spent $140 million buying land in shanghai for its first factory outside the us, with reports it could spend as much as $5 billion on the new plant. kuangyi wei, who's the head of strategic research at parker fitzgerald, is with me now. good morning, welcome to business live. sally was running through the details of what is at stake, i know we have heard this talk from china about opening up, liberalising trade, making it easier

experiencing a deep economic crisis and is dependent on outside help like loans from the international monetary fund and the world bank for months thousands of citizens have been protesting against the loans including in the run up to the g twenty summit which is taking place in a south american country for the first time the murray government hopes that the summit will bring new attention to the country. it's an excellent opportunity to hold productive bilateral meetings with the various countries and sign agreements on what is happening. and it's also a great opportunity for argentina to show that we are honest facilitators to approach positions in a complex global situation. but the g twenty will certainly not be able to solve the crisis for many small companies in argentina like industry yes clammer. thoughts about germany's biggest lender is in trouble again after allegations of money laundering emerged on the banks share price dropped more than three percent after news broke that police had conducted raids on its offices some one hundred seventy policemen and prosecutors search for evidence that the bank help cl

coming up on c-span three a hearing on china and the impact of the world bank and international monetary fund on u.s. and foreign policy. then the navy's proposed ship building. and mexico/u.s. relation after the recent trade agreement between mexico, canada and the u.s. president trump is in argentina this weekend. on friday he meets with japanese prime minister and german chance letter. then saturday he has a dinner scheduled with chinese president. >> join american history tv this weekend for live international conference on world war ii from the national museum in new orleans with authors and historians discussing dday, june 6, 1944, the war with japan and lessons learned from the war. watch the international conference on world war ii live saturday starting at 9:00 a.m. eastern on american history tv on c-span three. >> over the next few hours

experiencing a deep economic crisis and is dependent on outside help like loans from the international monetary fund and the world bank for months thousands of citizens have been protesting against the loans including in the run up to the g twenty summit which is taking place in a south american country for the first time the murray government hopes that the summit will bring new attention to the country. but on the other it's an excellent opportunity to hold productive bilateral meetings with the various countries and sign agreements on what is happening. and it's also a great opportunity for argentina to show that we are honest facilitators to approach positions in a complex global situation. but the g twenty will certainly not be able to solve the crisis for many small companies in argentina like industry yes clumber. and the g twenty summit isn't just about economics brian has now it's certainly not hello we have to remember that along with trade there are other pressing issues at the summit including how to reduce the rising tensions between russia and ukraine today ukraine has announced a bad on all fighting age

foundations for economic reconstruction were laid, and with the creation of the world bank and the creation of the world bank and the international monetary fundrom the world's first insurance market to the creation of the biggest islamic finance centre outside the islamic world, we have not only driven the trade and investment that fuelled unprecedented growth, but help to shape the institutions and governments that sustains it. not least right here in this great city of london. when we look forward to the next century of london, we know our security can only be upheld by collective endeavour. we know our prosperity can only be advanced by cooperation across borders, and we know our success as a cooperation across borders, and we know our success as a nation depends notjust on a know our success as a nation depends not just on a strong know our success as a nation depends notjust on a strong economy know our success as a nation depends not just on a strong economy at home, but our role in the world. at this banquet last year, i said we could not turn a blind eye to the threats we faced, that as open economies and free societies, we needed to

preview to one of what we actually want to look at the world bank conditions not look at the world bank report and the international monetary fund report two thousand and fourteen fifteen sixteen seventeen we have done we're a very young guy thirty we're crawling twenty years old we have done in this twenty years more than any country in the field more than sixty three years that's the truth in terms of building institutions and shopping for a father not for human rights look we have grown up we have the right this are going about their actions. i did not come and provide does not come to be the president by a tank or by going to say he came through elections he won by sixty one percent of the votes i won by fifty seven percent of that was not man enough percent that's the fact and that is that he will not have a lasting years he. said he was in your collections and in the club is not going to run when you having elections when we have say no we have elections without guess what when you set them we're separating you think we can act and of us little guys are calling for elections you promise to let anything slip and scream in a

of you to want to put rhetoric but look at the world bank conditions look at the world bank report on the international monetary fund report two thousand and fourteen fifteen sixteen seventeen we have done with our very own got thirty crawling twenty years old. we have done in this twenty years more than any country in the field more than sixty three years that's the truth in terms of building institutions and talking for have enough human rights look we have a right not enough we have the right this wrong going to go to elections i did not come i'm pretty but did not come to be the president by a tank or by he came through elections he won by sixty one percent of the votes i won by fifty seven percent of the what's not mine at present that's a fact and that's just let's have a lasting years he. said he was in your delusions i mean it clearly is not going to run when you having elections when we have so many we have elections without guess what when you set them we're separating you think a kind of a state of i guess you're calling for elections you promise to line installations tryna find my people you personally probably not actually ask

a view to want to put worship but look at the world bank conditions look at the world bank report on the international monetary fund report two thousand and fourteen fifteen sixteen seventeen we have done with our very own got thirty crawling twenty years old. we have done in this one thing as more than any country in the third world in sixty three years that's the truth in terms of building institutions and talk we both have enough human rights we have a right you have enough we have the right this are going to go to elections i did not come i'm not come to be the president by a tank or by a head of the city he came through elections he won by sixty one percent of the votes i won by fifty seven percent of the what's not man enough percent that's the fact and that is not going to have a lasting years. following year so he said he wants you in your collections and in the club is not going to run when you having elections when we have say if we have elections without gets awfully certain we're separating you think ok kind of us little guys are calling for elections you promise to let anything slip through unifying my people you personally p

view to want to put pressure but look at the world bank conditions look at the world bank report on the international monetary fund report two thousand and fourteen fifteen sixteen seventeen we have done with our very own but already we are crawling twenty years old. we have done in the last twenty years more than any country in the world in sixty three years that's the truth in terms of building institutions and talk resource have enough human rights they have a right you have enough they have the right this wrong going to go to elections i did not come and bring that does not come to be the president by a tank or by a creditor he came through elections he won by sixty one percent of the votes i won by fifty seven percent of the what's not man enough percent that's the fact that enough let's have a lasting years he. said he wants to know what to elections and in a clearly is not going to run when you having elections when we have so we have elections without guess what would you settle were separating you to look at kind of assess what i guess you are calling for elections you promised and i need to find my people you personally probabl

world war ii sought to create institutions that would catalyze economic growth, reduce poverty, expand trade and promote financial stability. the primary result of these negotiations were the international monetary fund and the international bank reconstruction developments which is part of the world bank group. at risk of ruining the surprise allow me to say the following upfront, the us is not and should not be neutral when it comes to the continued success of these institutions. the us helped create these multilateral institutions for good reasons and americans have been among the leading beneficiaries. the imf, world bank and regional:banks are not perfect and require reform, on balance they have promoted and sustained the open rules-based international economic order that is facilitated decades of extraordinary economic growth from both americans and people around the world. .. implement reforms where necessary. if we felt the lead and in making an cage, other will step forward and replace us here namely, china. in a vacuum created by the absence of u.s. leadership, patient would twist these organizations to the purposes and state capitalist models. absent u.s. leadership and engagement, china would expedite the creation

world war ii sought to create institutions that would categorize economic growth and promote financial stability. the international monetary fund and international fund for redevelopment which is now part of the world bank group. at risk of ruining the surprise let me say this, the u.s. should not be neutral when it comes to the success of these institutions. the u.s. helped create these multilateral institutions for good reasons. while the imf world bank are not perfect they have promote and sustained the economic order that is facilitated decades of extraordinary economic growth for both americans and people around the world. they help lift americans out of poverty, doing good creating international customers for american companies and promoting peace, stability and prosperity. that's why i believe we should continue to support these institutions, and implement reforms where necessary. if we remain even galgd in these not doing anything, we will be replaced mainly by china. beijing would twist these organizations to their purposes. absent u.s. leadership and engagement, china would expedite the decreeation of alternatives and serve the interest of americans around the world. less prosperous nations wo

coming up on c-span three a hearing on china and the impact of the world bank and international monetary fund on u.s. and foreign policy. then the navy's proposed ship building. and mexico/u.s. relation after the recent trade agreement between mexico, canada and the u.s. president trump is in argentina this weekend. on friday he meets with japanese prime minister and german chance letter. then saturday he has a dinner scheduled with chinese president. >> join american history tv this weekend for live international conference on world war ii from the national museum in new orleans with authors and historians discussing dday, june 6, 1944, the war with japan and lessons learned from the war. watch the international conference on world war ii live saturday starting at 9:00 a.m. eastern on american history tv on c-span three. >> over the next few hours the hearing on china and impact on the world bank and other multilateral institutions on u.s. foreign policy. the senate foreign relations subcommittee. >> good afternoon, this hearing of the seen the subrelations subcommittee on multilateral devel