let's bring in global -- bloomberg global policy -- kathleen hayes.e are joined by sri lanka central bank leader nandalal weerasinghe. i know it is a busy week, you have this debt restructuring approved by the imf. you have the paris club, india onboard, but china is still dragging its feet. what can you tell us on that front, how do you expect to get them on board, what has to change? nandalal: if you look at the process that we have -- we have been able to obtain credible accessing from -- on a very comfortable manner. if you compare, it's a record time that we have been able to procure this. the next process is to complete this process. and complete the negotiation. that process has begun. we plan to make sure that we do it as soon as possible going forward. >> back to china, the head of the imf has said she is not going to give up until this debt restructuring gets approved. unit yellen also sinking out china and the need to get them on board. your president has issued a public letter over the past few months saying no side deals with creditors. w

let's cross over to tokyo now where kathleen hayes is standing by with kathleen.t a perfect time to have you here with us. this is kind of an historic doj meeting. what do you expect him to do or not do? what is important for you about this meeting? >> i expected to be relax. it is now evident that the world will throw down significantly. this is a good chance for the doj to take the first step in policy change. i think the timing could be here. i think it is more likely the change will come in a june meeting or later. >> i think it is interesting you have the door open. they are saying they are going to start talking about some kind of policy review. why would they start a policy review now? does that help open the door to getting rid of this at the next meeting? >> the new governor hinted that for the policy review. he said that kind of review should look back not only after these 10 years but 25 years. not only monetary policy with structural matters. what is the fundamental problem? japan is suffering from low inflation and logos. this could take more time to

kathleen hayes is in tokyo with the latest. is bank of america arguing about a shift in the doj might still be on the cards? >> it is interesting. a lot of people say we are not necessarily going to take it off the table. it could happen. it just doesn't seem like the most likely scenario. no change. that is basically what the market is saying. 11% see some sort of yield curve control week. this week, three more. he signaled he is not ready to move on interest rates and certainly not on your curve control. he says he is not ready to normalize the icc framework. bma says look at inflation. it continued to rise on the chlorate. it rose from 3.0-3.1. only about 2%. he also mentioned in one of his answers to the question that there is a danger of the doj falling behind the curve on inflation. he is obviously not putting a big one on that list. this puts less pressure on the bond market, the jgb market to have big yields given the bond market seems,. it seems to be more in a range. b of a is basically saying we are not forecasting a

let's get it straight to kathleen hayes. she has been waiting outside the boj building in tokyo. own, we will see. we have the analysis from nikkei news, we thought they knew something. they are not attributing it to anyone, they are not going to change control today. that's what people have a accustomed to after the new governor made it clear that he wasn't ready for big changes as he takes his first maiden voyage overseeing the monetary policy meeting. talking to reporters, writing the outlook that will contain information about whether inflation forecasts. there may be eight-week where the boj -- tweak where the boj takes out anything about covid. -- until they see inflation improving, saying we will not have covid issues. what is that going to leave us? do they have a change in few about inflation coming down at the end of the here? eliminating the need for them to move quickly on work? it sounds long-term, but the long-term policy review, how is that going to fit into the future look at the economy? rishaad: it wouldn't have gone unnoticed that the super court inflation was t

. >> hello and welcome to the 2023 spring meetings of the world bank group and imf, i'm kathleen hayes from bloomberg television and radio and i'll be guiding you through the next hour. we're going to discuss how the overlapping crises of the last three years from the pandemic to the war in ukraine and its impact globally on food and energy prices are squeezing government's resources at a time when their citizens need even more help. you can share your thoughts on these topics at any time using the hashtag reshaping development. please use the qr code you see on the screens to post your questions if you're following us online, join the chat at live .worldbank.org. now, i want to introduce a very special panel for this discussion today on governing effectively during challenging times, we're joined by anna bede. she's world bank, managing director of operations, pablo or semen, he's ecuador's minister of economy and finance mian president of the international committee of the red cross or i abed executive director of international in bangladesh and sergey marche, ukraine's minister of f

spoke to kathleen hayes on the sidelines. >> we have been able to obtain financing from all of the operators have been able to obtain this financing. the next is for us to complete this process. that process now has begun. we will make sure to do it as soon as possible. quite the head of the imf has as she is not going to give up until claims like yours have gotten approved. as i understand it, you're president issued a public letter over the past few months saying no side deals. when you apply all that to china, what do you expect them to do or how do you expect them to get on board and stop dragging their feet? >> they have done the right thing for sri lanka, giving us financing. to complete this process soon. the sooner the better for sri lanka. >> that was the central bank governors of sri lanka. speaking earlier. let's do a quick check of the latest business-class headlines. speaking at a pursuit of tech resources. tech rejected the proposal to buy the company for about $23 billion in shares and then spin off their combined businesses. that would give them the option to receive up to $8

kathleen hayes joining us from washington, we also got treasury secretary janet yellen weighing on the state of the u.s. economy, saying it is in better shape now than it was six months ago. that is despite recent stress and the banking sector and tighter monetary policy settings. >> i have not seen evidence at this stage suggesting a contraction in credit, although that is a possibility. the u.s. economy is obviously performing exceptionally well with continued, solid job creation, inflation gradually moving down, robust consumer spending. i'm not anticipating a downturn in the economy, although that remains a risk. shery: a spring in our u.s. treasury and economic policy reporter, joining us from washington your we are talking to kathleen, about, it's from fed speakers. and patrick harker talking about the resilience of the banking sector. what did secretary yellen have to say? chris: she viewed this recent inking turmoil as some that the economy could simply shrug off. up to a point, her points are reasonable. she pointed to the labor market, which has remained remarkably resilient.

our global economics policy editor kathleen hayes results with the latest. we've gotten plenty of fed speak, it seems like more needs to be done on prices. >> we will see what fruit this bears in a couple of weeks, we get the early may eating from the federal reserve. that's why -- widely expected in markets that they are opening the door to another rate hike. raphael bostic speaking on cnbc today, he says there is still more work to be done and i am ready to do it. i determined central banker. markets are pricing this in right now. the key rate is that 2.75% to 5%. this is the camp that raphael bostic is excited to be in. do another 25 basis points and then be done it for a while, you can pause. he is playing down recession risks, the economy is still performing quite strongly. he said it has momentum, and what about bank tensions? he says they seem to be subsiding, when he speaks to banks they are saying we are not seeing depositors taking out their money. he is sure that is not an issue. green light to hike their rate again. he sees the funds rate going u

kathleen, always appreciate you, thank you so much for bein here that is tonight's read out, ow chris hayes

kathleen, always appreciate you, thank you so much for bein here that is tonight's read out, ow chris hayes starts now >> tonight on all in, -- >> i hope mike is gonna do the right thing, i hope so i hope so. if mike pence does the right thing, we win the election >> mike pence gets another chance to do the right thing >> this is big, we have just learned and are able to confirm, mike pence testified before th grand jury today >> tonight, what we know about the former vice president' participation and the criminal investigation of his forme boss then, the explosive scen inside a new york courtroom, where e. jean carroll's rape allegation faced cross-examination from donal trump's lawyer >> a eventually, she just sort of lost it and said, you don't get to beat me up for no screaming. some women scream, some wome don't. he raped me. whether or not i screamed. >> plus, michael schmidt of th new york times, on what we actually know about the firing of tucker carlson. >> they literally fired hi because they came to the wok mob. >> senator bernie sanders on why he's endorsing a secon term for pre