the i m f also slashed. it's outlook for growth in the united states to 1.6 percent this year down from july forecast at 2.3 percent. the collective economy of the 19 countries that share the euro 100 c is expected to grow 3 point one percent this year, but by 2023 that slashed to just half a percent will the i m f also raise concerns about inflation with the rate soaring to 8.8 percent this year, but it's predicted to start coming down slowly to about 6.5 percent next year. alam fisher begins our coverage from i m f. a headquarters in washington. it's a dark time for the global economy from all over the world. delegates and representatives are in washington to be told what many already know economically, things are bad and they're going to get worse. the global economy continues to face steep challenges, shaped by 3 powerful forces, the russian invasion of ukraine. the cost of living crisis caused by persistent and broadening inflation pressures. and the slow down in china, inflation is biting economies aro

and the i m f has chastised the u. k. government off to its financial plans triggered chaos in the markets. many budget reveal last month has sent the valley of the british pound. all time lies. more than 500 people have died in nigeria, west floods and a decade. unusually heavy rains, lead to the destruction of tens of thousands of homes. the u. n. z. yemen and void is calling on warning parties to renew their cease fire hands. greenberg blamed hersey rebels for the failure to extend the truce. there has been a decrease in violence before the april cease. 5 d elapsed earlier this month. board is now have a ga before them. who can choose to preserve and burden of a truce towards peace. as is expected from weather yet minute population otherwise, return to war would mean renewed, an increasing suffering for the civilian population. iraq's parliament, as finally elected a new president, the appointment of 78 year old kurdish politician abdullatif. rashid ends months of political deadlock and heightened instability. durin

the i m. f was founded in 1944 at bretton woods in the united states . since then, its membership has grown from 44 countries to a 190. the i m f says it monitors economic health of member countries and provide loans for governments in economic distress 2 years ago at the height of the covey. 19 pandemic. more than a 100 nations requested bailouts on the i'm f. his i correspondent alan fisher reporting on those loans for his headquarters here in washington. the international monetary fund has put together a 9 trillion dollar port to help countries deal with the covert crisis. most of that money has come from the g. 20 the world richest nations, and more than 100 countries have asked for help. now this is the i mass map of where money was distributed among those helped $2700000000.00 to egypt. 411000000 to ethiopia. 361000000 to bosnia herzegovina. more recently, sri lanka received $2900000000.00 after his economy faced collapse. it ran out of money for food medicine, cooking, gas and fuel. but critics of the, i may say it is outdated and ineffective of t

the i m f has raised concerns about inflation last year. the global rate was 4.7 percent, but it sought to 8.8 percent this year. at is predicted to start coming down slowly . the i m f says the global inflation will sit around 6 and a half percent next year. let's go live that a washington out here as alan fischer is set with a sullen. can you paid a picture of just how bad this last year has been for the global economy? will he go back over the last 20 years, has been a few shocked to the whole of a global economy. you think about the financial crisis of about 15 years ago and then of course cove, but never has there been a coming together of events that has really wrought the financial markets. you're talking about political insecurity. if you look at places like lebanon, where political insecurity is at the banking system there and shall anchor where the actions against the president create political instability. but also the country is facing a massive punishing debt burden. and then you go to zambia, which is defaulted at one of the 1

mean the m f is always extremely careful. it collects information from all member countries to have the suburban staff, all the tools. so i think these forecasts are as reliable as you can do them right now. but if you have altered roles in publication, there's great uncertainty, little uncertainty above it might be a little bit better, but also lots of uncertainty below. so it might get worse. that's all, but one could say at this point, economics, it's not a physical science as always, a lot of uncertainty. okay, magnet. do you agree with the myth, grim outlook, the global economy as hitting for stormy waters and help you think things could gaze? yes i, i think i not only agree with the i am a down grading the growth rate. i think it is going to be much more serious than even the i am realizes because we are seeing a repetition of what we saw in the 19 seventy's. we have an energy price in greece. we had which was preceded by inflationary creation of money. and now we are going to also be in a war situation because of the r

if everybody needs the i m f as far as i can see. but the question is, are they had, they got sufficient resources to apply at this time at this moment in time? and are they applying those resources effectively? but definitely, you know, the institution is required as, as the world bank, this is the very time that these institutions are needed. the moment we find ourselves in. okay, daniel, the same question to you will, i guess, does the i'm, if have the sufficient resources to deal with us. do you think that's true of the i m f didn't exist today, you would have to invent it? and i think it has a thought as enough resources, because the countries which need financing are typically poor countries who is financial and deeds are not that large compared to the resources of the industrialized countries and therefore of the i m s. and therefore, i think it's not a question of resources. it's a question of what the i m f can do at this point. if in these countries, the governments stay as corrupt as they have been in the past because that

the i m f didn't exist today. you would have to invent it, and i think it has resources, enough resources. because the countries which need financing are typically poor countries who is financial needs are not that large compared to the resources of the industrialized countries and therefore of the i m s. and therefore, i think it's not a question of resources. it's a question of what the i m f can do at this point. if in these countries that governments stay as corrupt as it has been in the past because that is what brought these countries to the point at which they are right now. okay, we'll have to leave it there. thank you both so very much. that is daniel growth and brussels for us and come to an earlier we spoke to make them decide. thank you very much for being on the program and thank you to for watching. you can see the program again anytime by visiting our website l just there, a dot com and for further discussion, go to our facebook page. that's facebook dot com, forward slash i j inside story. you can

the delegates and representatives will be leaving the i m. f world bank meetings here in washington over the next couple of days with the reality really enforced to them that the economic picture globally is not great. number of problems. first of all, growth is don't, and inflation is high, not just in certain sectors, but essentially across the world. that means that feeding family's heating homes becomes much more expensive for ordinary people. and part of the reason for that is the war in ukraine, no. janet yellen, who is the us treasury secretary, essentially the finance minister. she has been speaking here in washington, and she said it was important that the international community wants together to make sure that russia continues to suffer for the war in ukraine. one thing we want to be clear about is that russia should not profit from having and started this atrocious war in ukraine, and shouldn't be beneficial from profits it result from and those, those atrocities the i m f is insisting that the priority should be helping those who c

more than a 100 nations requested bailouts from the i m f. his i correspondent alan fisher reporting on those loans from his headquarters here in washington. the international monetary fund has put together a 9 trillion dollar port to help countries deal with the covert crisis. most about money has come from the g. 20 the world richest nations, and more than 100 countries have asked for help. now this is the i mass map of where money was distributed among those helped $2700000000.00 to egypt. 411000000 to ethiopia. 361000000 to bosnia herzegovina. more recently, sri lanka received $2900000000.00 after his economy faced collapse. it ran out of money for food medicine, cooking gas and fuel. but critics of the, i may say it is outdated and ineffective of the 89 developing countries that received i m f. loans between 19651995 more than half where no better off afterwards. in fact, 32 were poor. other critics question whether many nations which borrow money from the i m f. have the ability to repay now yourself additional debt from the i m f and s

the i m f says the u. s. will see just one percent growth in 2023, while canada will see 1.5 percent. we cannot, we cannot possibly allow inflation to be government. oh, runaway train bed for growth and bedford people bed bed, especially for poor wood butte for poor people to have hours lighting argentina's capital when his areas that faster alan fish in washington. and alan is the infection dominating discussions and looking at you can talk about a, a lot of a macroeconomic terms and think that it's very abstract. but the real thing is that if anyone goes to the food shop, they will find out that inflation is very real and it is impacting almost everyone on the face of the earth. inflation is the thing that is dominating discussions. here they are aware that there is a problem, and we had that from the head of the i m f. when she held our news conference a couple of hours ago. she said look, inflation is like a tax on the poorest of the communities here. and therefore, governments and financial institutions,

the british chancellor who's returned early from i m f i m f meetings in washington has defended his plan and it's not just the u. k . that's facing economic turmoil. the head of the i m f says there's a 25 per cent risk of a global recession. oral countries will likely suffer the most in a downturn, the i m f chief warns that spiraling inflation poses a significant threat. we cannot, we cannot possibly allow inflation to become an a runaway train bed for growth and bedford people bed bed, especially for poor poor, poor, poor, poor people. those comments came at the annual meetings of the i, m f, and the world bank taking place in washington. d, c, l and fisher reports crystelina georgina is aware of the impact that high inflation is having on every one. and she says that governments really do have to do more to try and help the poorest. this isn't some abstract economic theory. this is being experienced by everyone if they go along to the shop, just to buy some food to feed their family. and she says that of governments and financial institutions are going to help them to help has t

the bo explains how much influence the i m . f. has the international monetary fund, an institution that promotes global economic stability, and perhaps a lender of last resort, or a some say, an outdated organization whose policies damage the social and cultural fabric of a country. let's take a closer look. the i m. f was founded in 1944 at bretton woods in the united states . since then, its membership has grown from 44 countries to a 190. the i m f says it monitors economic health of member countries and provides loans for governments in economic distress. 2 years ago at the height of the cove 19 pandemic. more than a 100 nations requested bailouts on the i m f. now this is the i m f. map of where money was distributed among those helped $2700000000.00 to egypt. 411000000 to ethiopia. 361000000 to bosnia herzegovina. more recently, sri lanka received $2900000000.00 after his economy faced collapse. it run out of money for food medicine, cooking gas and fuel. but critics of the, i may say it is outdated and ineffective of the 89

we'll talk to when i m. f official, a lack of skilled workers in germany casts a shadow of the solar sector. firms can't keep up with soaring demand. and new zealand plans through tax farm animals for carrying the chase. scientists say there are other ways of reducing climate threatening me thing from cows. i've been for solon, let's do business. the cost of living crisis is far from over. the international monetary fund says, this is shocks will reopen economic wounds that were only partially healed. post pandemic it's world economic outlook shows growth withering away to 2.7 percent next year. down from 3.2 this year and 6 percent. last, one factors, central bank, central banks, a hiking interest rates, to ease inflation. that's taking the heat out of domestic demand. but of course you've also got the war in ukraine. it's sparked in energy crisis. it's also blocked food supplies, driving up prices, and china's 0 covered strategy is also hitting trade hard. it also faces a property market crisis on top of tha

the head of the l m. f says the risk of global recession is out 25 percent. africa is in the most precarious situation with many low income countries hit by high food shortages and extreme poverty. the worn ukraine has brought food insecurity far and wide with 48 countries severely affected. in the middle east, economic growth is projected to slow from 5 percent to 3.6 percent. inflation is also expected to remain at more than 14 percent next year. latin american, the caribbean, all projected to see slower growth and previously thought where the i'm f predicting 1.7 percent growth in north america is also tip to slow. the i m f says they'll be just one percent growth in the u. s. in 2023 and 1.5 percent in canada. we cannot, we cannot possibly allow inflation to become a runaway train bed for growth and bed for people. but, but especially for poor would be for poor people. alan fisher has more from washington d. c. crystelina georgina is aware of the impact that high inflation is having on every one. and sh

also coming up the i m. f. projects growth in your bill full sharply. blaming the energy crisis and the war in ukraine. rescue efforts continue from minus, tramped underground after a coal mine explosion in takia 28. a confirmed dad and ukraine says moscow called for people to leave its annex curse on region is not an evacuation, but must deportation. ah, persons prime minister less trust remains under intense pressure off to sacking her finance minister and abandoning her economic strategy. but her drastic actions just up to just 6 weeks. an office has done little to reassure her policy or the markets need baka begins al coverage. this is a government fighting for its survival. the prime minister list ross announcing the sucking of her maid alahi the chancellor quasi quality of the reversal of financial promises. that is said the u. k. economy into free fall is clear that parts of our many budget went further and faster the markets were expecting. so the way we are delivering our mission right now has to chan

and the i m. f has slashed as economic fuel costs for europe, constant as seen sky high energy prices, as it tries to win itself. russian supplies in the wake of the war in ukraine and ukrainian official says, russia's call for residence to flee. the castle region amounts to deportation, not evacuation regions russian installed leader urged people to leave on thursday sizing. daily rocket attacks by ukrainian troops. ukraine says it doesn't targets and civilians. cassandra is one of 4 partly occupied ukrainian provinces amex by moscow last month. charl stratford is in the craving, me close to the front lines in terms of what an evacuation would look like. it's really important to recognize that this statement from this russian install official is saying that these people should go to the russian side to towns like rust off roast off on dawn in russia. we know, having seen footage at the early stages of this war, the immense protests that people are put up inside care song against the occupation peop

let's go straight to the i m f in washington. out as here as alan fisher, is there a allen pay to picture for us just how bad this last year has been on and what the future holds according to the i m f will looking through the support. there is no good news. it just looks increasingly bleak. there's a confluence coming together of so many different crisis like political instability, climate challenges, that is the war in ukraine. and there's also continued problems of cove at not the walls been through problems economically in the past 20 years with a global financial crisis. and also with essentially, the coven shut down for 2 years. and you would think things were getting back to normal, but they're simply not. and not as a problem. now you can talk macroeconomic terms all that you want. here's the reality. ordinary people are struggling to feed their families to heat their homes, to do the things that they would or to not only do. and that is the challenge that is facing finance ministers and finance executives who gathering h

the i m f says could drive the global economy into recession. the conflicts impact was being felt far and wide, such as in nigeria, where the u. n's world food program has been forced to slash aid by a half. and a dresser has more now from port hawk. in the north of the country you are most of the grain is produced, prizes have remain high despite you harvest. yeah. in the south. food is even more, it's posted. is ideally go you that a ha. i did, i day i came to buy it. i found in one. yeah, but it, but there i didn't go out with so out the global nigeria is our bracing promo price increases in coming months because i think cultural production has been impacted by flooding at what lies a shortage and because the country doesn't define its own petroleum products, the water ukraine caused the price of fuel and transported elsewhere, doctors without borders is reporting large cases of minute reaching in the northwest of the country. impacted by yes, i thought quite criminal objects in little piece of the country. oh, bottom, insurgency, 13 years of

and the m. f has chastised the u. k. government off to its financial plans triggered chaos in the markets, a many budget last month at the value of the british pound old time or than $500.00 people have died in nigeria, west floods in a decade. and usually heavy rains lead to the destruction of tens of thousands of arms b, u ends. yemen and voice is cooling on warring parties to renew their cease fire hands. greenberg blamed the rebels for the failure to extend. the truce has been a decrease in violence before the april cease fi deal lapsed earlier this month. the un once offensive military operation stopped blockades lifted, and detainees released does not have a choice before them. they can choose to preserve and build on the true sensate, the path towards peace as it is expected from them by the population. otherwise, the returns of war would mean renewed, an increasing suffering for the civilian population. iraq's parliament has finally elected a new precedence. the appointment of 78 year old kurdish politician ab

while i m f has caught china's growth prospects the next 2 years. the economy is predicted to grow by only 3.2 percent this year. if that happens, it will be the lowest growth rating for decades. excluding during the start of the pandemic in 2020, from beijing, patrick, for as well as the saying goes, when china sneezes the world catches a cold. that's certainly the case for emerging and developing asia where the i m f has so forecasted a decline in growth from 7.2 percent and 2021 to 4.4 percent in 2022. that's a downgrade of 0.2 percent since july at large, reflects the downgrade to growth in china to 3.2 percent for this year to the countries slowest to growth rate in more than 4 decades. if you exclude the initial outbreak of the coven, 19 crisis in 2020, and the i m. f has singled out the slowdown in china as being a key challenge for the global economy, frequent curve at 90 loc dance across the country of taking that so crimping, local demand, and causing significant supply chain disruption. it's also deep into decline in home cells and called

when i m. f predicts g d p and developed to european countries will fall from 3.2 percent this year to not point 6 percent in 2023 in emerging economies. that number is expected to slide from a 4.3 percent to 1.7 percent in the same period. time f says inflation will decline in 2023 advanced economies. it may be 6 percent while for developing nations. it's expected to stay at about 12 percent coming in to 2022 things stood a strength, coordination and solidarity displayed in policy responses to carried 19. europe was on its way to exit depend amick. meanwhile, rising inflation was expected to gradually subside as commodity prices and supply bottlenecks would ease. but russia's invasion of ukraine changed that picture completely. and it is now taking a growing toll on europe's economies. we have to correspondence so far, the ins, outlook on europe on that kane is in the german capital. the 1st 2 alan fisher at the i m f headquarters in washington d. c. so and, and what's the fall out then from all

and lending programs are expected to increase as the i m. f paint's, a gloomy outlook for the global economy. the institution has cut global growth for cost the next year to 2.7 percent, and warns the worst is yet to come. in many blames rushes invasion of ukraine. the cost of living crisis and china's economic slowed down for the downturn. the m. f predicts the world's output will shrink by 4 trillion dollars between now and 2026 . that is almost the size of the german economy. more than a 100 nations requested bailouts from the i m f. more than 2 years ago at the height of the cobra. 1900 health crisis. and the institution has around a $140000000000.00 in our standing loans to $44.00 member countries. argentina is the biggest data with a total outstanding amount of more than $42000000000.00, followed by egypt that around $17000000000.00. the m. s. s. 60 percent of low income countries are now at high risk already in debt distress, and a growing number of middle income countries of suffering from high debt service birds. the u. n. estimates 5

and now the i, m. f is recommending authorities, a neighbor restructuring of troubled developers, so to avoid any broader risk to the financial system. and all eyes will no doubt be on the upcoming communist party congress for clues on how the country intends to navigate. it's way out of the coven 19 crisis. ah! russia has continued to launch a bearish of missile strikes as several weekends of ukraine, including the southeastern city of zachary, jeff neg, ukrainian officials say that at least one person was killed after 12 missiles hit the city on tuesday, the regions governor as a school was among the buildings attack, there were also more attacks in western city of living with energy facilities, head, causing wind spread power blackouts, united nations as russia may have committed war crimes with its sweep of strikes across ukraine on monday, which killed at least 19 people and injured more than a 100 lives mer says it will take months to revere energy facilities damaged by russia. missile attacks on t

the i m f as sharply criticized the u. k. government offered financial plans, cause havoc on the markets and raise questions about the future. the prime minister list trust, a many budget last month sent the pan plummeting with the bank of england, forced to intervene to prop up government bonds and protect pension funds. i'm f said what it called coherent and consistent policies were needed. the british finance minister was returned early from i'm if meetings in washington defended his decision. there was some turbulence i am frank estimated about okay though, after the book. but where i'm sitting here talking about the global challenges, everybody is focused on inflation. everybody's affected by a potential interest rate rises, everybody's affected by the energy price spikes, which have been exacerbated by puritans, illegal war in ukraine. so everybody across the global financial community is really focusing on the same problems. but the key price is the chief advisor at the center for economics and business research. sh

m f. find you. thank you. ah. now who doesn't love the pomp and pageantry of festivals? well, it's not any different in ghana. when it comes to the annual dunbar festival, it brings people aligned to the traditional kingdom together to reflect on the origin and how to confront social challenges. it's considered the most widely celebrated in the northern part of the country. it abuse maxwell soon joined the climax of the celebration in it, and i will go where it's time for people to come together, put on your dancing shoes and celebrate the ancient line of royalty stretches all the way back to the now. meanwhile, the fear must pass king, who or our history says, was the found out of 5 kingdoms in west africa, generation and excitement, i didn't know you to party, descendants of the 1st king. now you are dancing from india with the kingdom with pickering king of mom produces not a 2nd has written since 2004 with all about the tradition they more precise albriton dunbar festival. where just in the sub race you would, which comes on annually down by means shit, your body sha

allen fisher al jazeera at the i m f. annual meeting in washington. hutchings folk is in beijing with more, china's projected slide m. well, as the saying goes, when china sneezes the world catches a cold, that's certainly the case for emerging and developing asia where the i m f, has so forecasted to decline and growth from 7.2 percent and 2021 to 4.4 percent in 2022, that's a downgrade of 0.2 percent. since july, it large reflects the downgrade to growth in china to 3.2 percent for this year to the countries slowest to growth rate and more than 4 decades. if you exclude the initial outbreak of the coven, 19 crisis in 2020, and the i m. f is singled out to the slow down in china as being a key challenge for the global economy. frequent curve and 90 locked dance across the country of taken that so crimping, local demand, and causing significant supply chain disruptions. it's also deep into decline in proven sales. and paul, the quality pressures on developers buy is concerned about the delivery of residential units and boycotting mortgage payments, threatening sector, which accounts f

thank you for the i m f has cut to china's growth prospects for next 2 years. the world's 2nd largest economy is predicted to grow by only 3.2 percent this year. if that happens, it will be the lowest growth rating for decades. excluding june, the start of the pandemic in 2020. from beijing. patrick voc has more. well, as the saying goes, when china sneezes the world catches a cold, that's certainly the case for emerging and developing asia where the i m f, has so forecasted to decline and growth from 7.2 percent in 2021 to 4.4 percent in 2022, that's a downgrade of 0.2 percent. since july, it large reflects the downgrade to growth in china to 3.2 percent for this year to the countries slowest to growth rate in more than 4 decades. if you exclude the initial outbreak of the coven, 19 crisis in 2020, and the i m. f. has singled out the slow down in china as being a key challenge for the global economy, frequent curve at 90 loc dance across the country of taking that. so crimping, local demand, and causing significant supply chain disruptions. it's also deep into

do you think the i m f is doing enough to help the global south? i think to their credit, you know, they're showing signs of preparing. so they're creating new, new lending windows. some focused on food security. distress right now, which is is, is certainly laudable. they've created a new resilience trust fund, so all these trust funds they've been spending time setting up, but we haven't seen them perform yet. and these are, they are particularly targeted low income countries because if they are tapped, they offer much easier terms. financial terms, very low interest rates, but we just don't, we haven't seen yet large volumes of fund flowing out of these facilities. and i, i think the real test will be one of scale. as you say, we are likely to see significantly a larger number of countries, many of them among the poorest countries in the world. and you know, for, for a large number of these countries, you know, this truly is a shock that is not of their own making. whether it's the food security issues associated with the war and ukraine. ongoin

it could have the i m f. did say though that inflation had not risen as sharply and china as it had done elsewhere. and there was still policy space to play with, but all eyes will be on the communist party congress kicking off on sunday for clues on how policy makers intend to tackle the weak economy. for the i'm, if warning about inflation will be heard loud and clear in argentina where it's feared the rate could hit a 100 percent this year. theresa by reports the capital one is ours. latin america's economy, they're struggling to recover from 2 consecutive shocks. their pandemic and then the impact of the war in ukraine and now they're struggling to cope with a tightening of global financial conditions. and when most countries in the region are slowly showing some signs of recovery, countries like argentina right now are struggling with very high inflation. rate to speaker hill can continue will have around 7 percent inflation rate a month. it could wait around 100 percent inflation this year. this man, fo

it could have the i m f. did say though that inflation had not risen as sharply in china as it had done elsewhere. and there was still policy space to play with, but all eyes will be on the communist party congress kicking off on sunday for clues on how policymakers intend to tackle the weak economy. north korea has fought at least one short range missile into its eastern waters and flown warplanes near the border with south korea. it's the latest in a series of weapons tests. in the past 2 weeks. south korea's military has warned young young that it will maintain what it called, overwhelming capability in response. even balcony things here. one thing we'll live north korea's artillery fire and short range ballistic missile launch. and the buffer zone of the east and west sea are serious provocations that undermine peace and stability on the korean peninsula, as well as the international community. our military warns north korea against continuing provocation, causing military detention on the korean peninsul

we find out what that means and i'll talk with the i, m f. which of these things could, could get worse. and you know, as the managing director has been saying quite a bit, we need to for the best to prepare for the worst and also on the show. once again, the chiefs are dancing in tribute to the king. we check out the festival in northern gonna fall of excitement as people gather to celebrate their culture. and remember the history. this is, as i've written, the dunbar fest where i just did the submission more with come so annually that bad news ship your body ship your body. that is when you buy them with i am eddie mike, a junior and you are welcome to the program. will begin with an exclusive report from the democratic republic of congo, the kill, the rape, the bend down villages. there my my uncle, tomb by rebels, show no mercy to do the c as the enemies, women, children, the elderly. that makes no difference when they attack, very powerful armed group, which controls lucrative gold mines in east in d. r. c. no international generalist ha

we find out what that means and i'll talk with the i m f. which of these things could, could get worse? and, you know, as the managing director has been saying quite a bit, we need to hope for the best to prepare for the worst. also on the show, once again, the chief sat down sending tribute to the king. we checked out the festival, the nothin got up full of excitement as people go about to celebrate the our culture. and remember, the history process are subject to the dunbar fest. why, why? i just do the submission more. which come so i normally done by shit. your body ship your body. that's with i am eddie mike, a junior and you are welcome to the program. will begin with an exclusive report from the democratic republic of congo, the cale, the rape, the ben down villages. there my my uncle to him by rebels. show no mercy to do the c as the enemies, women, children, the elderly. that makes no difference when the attack, very powerful armed group, which controls lucrative gold mines in east in d. r. c. no international journalist had access

so popularity will the i m f has chastised the u. k . government, after its financial plans triggered chaos on the markets. a many budget reveals last month and the body of the british pound to all time lows in the bank of england has been forced to buy back government bonds to stabilize their price. the m f is calling for coherent and consistent policies. but as chancellor has defended the government's decisions, there was some turbulence, i frankly picked it up. okay, the all to the book where i'm sitting here talking about the global challenges. everybody is focused on inflation. everybody's affected by a potential interest rate rises. everybody's affected by the energy price spikes, which have been exacerbated by putin's illegal war in ukraine. so everybody across the global financial community is really focusing on the same problems or prices for certain foods have already almost doubled in sri lanka, from colombia. michelle fernandez has mon, how the economic terminal there is affecting people. and this is where the huge cost o

and the i m f has chastise the u. k. government, after its financial plans triggered chaos on the markets. a many budget reveal last months and the value of the british pound told time lows. more than 500 people have died in nigeria is worse floods in a decade. unusually heavy rain lead to the destruction of tens of thousands of times. the runs yemen. envoys calling on warring parties to renew their cease fire hands. greenberg has blamed the rebels for the failure to extend the truce. there was a decrease in violence before the april cease fire deal, which lapse lapsed earlier this month. a jury in the us state of florida has recommended life in prison without parole for the parkland school. she's her nicholas cruz admitted killing 14 students and 3 staff and 2018 so deadliest mass shooting to reach a jury trial in the us. the u. s. house select committee investigating last year, storming of capitol hill has voted to subpoena for me. u. s. president donald trump to testify. trump has never before been forced to give e

allen fisher al jazeera at the i m f. annual meeting in washington. the u. s. says it's reevaluating its relationship with re and after the saudi led opec plus group decided to steeply cut oil production. the organization of petroleum exposing countries announced its decision last week despite us opposition. the white house, as president, j biden, is willing to work with congress after sen, call for fries and co operation with saudi arabia. from the beginning of the administration since taking office, the president has been very clear that united states need to need a different sort of relationship with saudi arabia. he has said that from very early on, and i have said this last week when opec made the decision to align their energy policy with russia's war and war aims and against the american people. further underscore is that reasoning to realign that relationship to reevaluate that relationship with saudi arabia. we are reviewing where we are currently right now and will be watching closely over the coming weeks and months as well. well kimmy hawk, it has m

now the i m f is telling us things will be worse than expected next year. are you worried it's, i think the immediate future will be worse. now, as we've heard in patient is really the high will be places about 100 percent of the government. the central bank actually takes some fis in tackling inflation so that the interest rate on we but we had to call that we didn't see maybe sometime. maybe next year in the 1st question, but they should do remain because they had to get through the program to find 9 billions and we had to get china and india was our largest buy letter the box to actually agree for that. everybody's on the same. busy taylor, that would be the probably would pretty, but that is the immediate thought that we use to get the module that those wiggly, that isn't, that's the dominant. excuse me, sir, i'm going to jump in right there. if you don't mind at the heart of all of that, a completely agree with what you said, you need to creditors on your side to nail down this i am f loan. the heart of all of that is creditors trust that shall lunk an

the i m f says the u. s. will see just one percent growth in 2023, while canada will see 1.5 percent. we cannot, we cannot possibly allow inflation to become an a runaway train bed for growth and bedford people bed a bed, especially for poor poor, poor, poor, poor people. allan fisher has more from washington d. c. crystelina, george eva is aware of the impact that high inflation is having on every one. and she says that governments really do have to do more to try and help the poorest. this isn't some abstract economic theory. this is being experienced by everyone if they go along to the shop, just to buy some food to feed their family. and she says that of governments and financial institutions are going to help them to help has to be targeted to those who are struggling. the most, she says that essentially inflation is a taxation on the poorest in society. she's also aware that when that are financial issues, there can be political issues. and that has led to critics to wonder whether the international mon

are also coming up a stock warning from the i m f. i possible global downtown with the organization saying next year would feel like a recession from many russian missiles hit ukrainian cities for a 2nd day as president for lot of me as the landscape calls on g 7 leaders to provide ad defense webinars. nasa says the success of its dark spacecraft, which not an asteroid office orbit is a watershed moment for humanity. ah ah, but you, it says it's reevaluating its relationship with ria after the saudi led opec plus group decided to steeply cut oil production. the organization of petroleum exporting countries announced his decision last week despite us opposition. the white house as president biden's willing to work with congress after a senior senator called for fries and cooperation with saudi arabia. from the beginning of the administration since taking office, the president has been very clear that united states need to need a different sort of relationship with saudi arabia. he has said that from very early on, and i have said this

there's little question that from the points of view of the i m f. when they say that the outlook for europe has darkened in their minds, very clearly to blame is the war in ukraine. they paint a bleak picture of the situation for europe, saying that inflation will be at 6 percent in the advanced economies. but double that's in the emerging economy saying that growth g, d, p growth will more than half, right? across the continent in the course of the coming year. and worse in the emerging economies than in the advanced economies. the cost of living up why 7 percent. but remember, that's an average number that will be countries in which it is considerably higher than that. and so when the i m f looks at the situation, they say that interest rates are likely to have to remain high for some time. they say they expect inflation will eventually start coming down. but this report will make full, quite bad reading for many governments across europe, the euro zone. and beyond that, when they look at the situation and work out how can we help people strugglin