and that's sometimes where some of the credit guarantees of opic or usaid been help them deal with the risk and introduce them to interesting business opportunities which they know very well because some of these remote areas, they might know much better than a large company, but i'm sure my colleagues have things to add. >> chairman smith, i would add a couple of points, if i may. first of all, i mean, we all, i think, acknowledge the difficulty of providing broad answers because of the very great diversity of the different circumstances in different african countries and, indeed, rural versus urban settings, but within that -- with that danger, i'll attempt to respond. in regard to the question about cutting edge development of the power systems, the grid centralized systems, one of the areas that we felt is very, very important and that a number of our agencies have worked on have different vantage points, different perspectives of our different missions is the business of utilization of associated gas from oil development projects. the historical experience of the flaring of natura

the biggest numbers of opic -- opec is signaling there won't be one.he oil minister has said the market will stabilize itself. we have a closer look at opec and its weight in the global energy industry. >> the organization of petroleum exporting countries began in the 1960's as a way to control oil prices in countries but the commodity was a prime resource for citizens but the group's reach has become far wilder than that. they control 12 of the world's biggest exporters including saudi arabia venezuela, caw wait and iraq and control nearly 80% of the world's crude oil reserves and 40% of oil production so decisions of opec can be a -- can have a big impact. public in 1973 when the group put an embargo on oil. in the 1980's and 1990's, they diminished the supply. in 2001 oil prices rose once more in 2011 opec set production quotas at 30 million barrels per day. the global economy has drastically changed and it's proving to be too much again. demand for oil has been affected by consistent problems in the eurozone and a slowdown in growth in some emergin

. >> pope francis weighs in on the opics drag europe. youth unemployment.

same time, another member of the power africa team -- the overseas private investment corporation, opic -- has already committed $410 million in financing and insurance to private sector partners' projects. for example, its $250 million financing for the lake wind farm in northern kenya will become the continent's largest wind project when it is complete. power africa focus be countries have committed to undertake tough policy reforms in their energy sectors. in august the millennium challenge corporation, mcc, signed a compact to invest up to $498 million in ghana's electricity sector. this compact includes a tough, includes tough policy reforms needed to create a viable, sustainable energy sector in order to stimulate private investment. power africa has so far been able to catalyze commitments in excess of $4 billion for the development of ghana's energy sector. power africa's successes extend to companies as well. for example, general electric is one of the companies making commitments in that ghana situation that i just described. as another example, during meetings in a nigerian t

. >> pope francis weighs in on the opics drag europe. youth unemployment. >> good morning, everybody. welcome. you're watching "the pulse" live from bloomberg's european headquarters. we're right here in london. i'm guy johnson. >> i'm francine lacqua. appears before parliament in an hour. the german bundesbank gives a briefing on its financial stability review. >> let's bring you a bloomberg exclusive. one of the key figures of the e.c.b. has told us, more specifically francine that a rush to add more stimulus is not necessarily on the table now. executive board member said the central bank will debate all options and hinge any decision on incoming economic data. >> we are ready to do more if needed. we are watching the situation extremely carefully. we are discussing it when we meet next in december. there might be situations where we would have to do more. >> the market's interpretation is now you feel much more comfortable than doing what you did just four weeks ago. is that fair? >> we have to watch the economy very carefully. we ha

let's move on to a different opic and for that go to laura. >> new hampshire is said to have demographic challenges and the nation's oldest state, by 2021, one in five granite staters will be over age 65 and is said to slow down our economy and requiring more social service spending at the same time. here's the question, what should the next governor do to tackle these trends? >> govern, let's begin with you this time. >> one of the critical challenges we have to move forward to develop the strengthening 21st century economy is to make sure we have a 21st century work force. this is something i hear about from businesses around the state, and so it's really important that we keep young people here. that's why we've focused so much on affordability and higher education and why we need to do things like carefully examine our rail coming up into the state that attracts young people, attracts a work force as well. as we strengthen that work force and bring more young people in here, it's also very important that we address the particular challenges that come when your population ages and one