for this we have all the money from the world bank of the minister of finance till the heart and fourteen police we have promise in the state budget if you are into the promise will be fulfilled it is ok for will to really we need only money for the third stage of the storage facilities because we have done two of them and for second we'd also have money so we have part of the money we can earn part of the money will find some of the money so with this this was always what we always do is sure we can get this is a little give us something that a state museum says so so what you get from the state ok to the nation what you get from the world bank is it a donation or is it a loan or what one of you know a majority of the situation would change a lot in the world the first time the world bank gave along to a country which was not connected was very economic restrictions well so you use it you know money and so on the first term they gave. loans for grants and then long story construction restore edition of the city historical city of simple as well so three dimensional as much as the world b

situation we changed a lot in the world the first time the world bank gave along to a country which was not connected was very economic restrictions well so you use it you earn money and so on the first term they give. loans for grants and then long story construction restore edition of the city historical city of simple is better so three dimensional as much as the world being gives the russian government gives and now with the changes of chorus or rates much of most of the money comes from the state of from the store finance but it's all together it's you bring people together it works f. about the money out i have to i have to learn some. things that really interest me in one of your recent interviews you said that you are going to restore some old tradition of. the winter param of this somehow the are something that was held on the twenty fifth of december can you specify what we're talking about well first of all we are talking about how we use we're going to restore the main church certainly now you know the big debate is in russia how to use the churches rational of a church with

i have not heard you mention though bowl of the world bank in pushing this model of -- which they started. my understanding to buy another consultative group to assist the poor, their first foray into micro lending. they essentially pushed this as a condition of structural adjustment loans around the world. so they are implicated in this as well. the other thing i wanted to point out is, everybody talks about mama's, but self-employed women's association, india preceded him and had a very different model that was more focused on health care, child care, and labor organizing in addition to micra finance. it was not micra finance without all of those other elements. and i think people give too much credit, i think. >> with regard to the world bank, the ifc, to be honest, i have a policy which started on my first-ever project in micra finance which was in mexico. never ever walk with those guys for as long as i live, and i have nothing to do with them. but when he mentioned the consultative groups to assist, this is the sort of world bank spin organization for promoting micra finance. it is

in the us you know it's interesting as the actual world bank seems to be canceling this index me busy afraid to try she will move there much faster assumes they were thinking about it but. if it took seriously by issue we do see some improvements as it was a survey done by earth and yon's that showed that in october of last year only twenty four percent of the leading private equity funds wanted to invest in russia whereas an april of this year is that figures already forty eight percent so we see some improvements but definitely there is. a lot of wars that needs to be done with minister for economic affairs is doing on the road maps to improve russian economy it's very critical because they basically take twenty to two key sectors and asking themselves how can we make customs work more efficiently how can we make the construction business work more efficient look if you have permits so that kind of very specific work in different industries is definitely going to bring results next year i've been to her bought of squishes the russians far east of the major cities there and i've

former president of the world bank and deputy secretary of defense and the bush administration. currently, a scholar at the american enterprise institute. good to have you with us. me turn first to these claims made five times over yesterday across the sunday talk shows by ambassador rice, that this was a spontaneous response in libya in the city of benghazi, that was a follow-on set off by this movie. >> i find it astonishing as we do this. they come in with rocket propelled grenades and mortars and this is supposed to be spontaneous reaction of some obscure video that appeared back in july? no, you cannot escape the fact where they raise the black flag of a qaeda. trying to send a message on september 11. i think the administration would tonight because it undercuts the storyline that killing bin laden was just an enormous victory. look, it was a good thing to kill the modern, but it's very misleading but now we have solved the problem. this is going to be a very long struggle. people we are up against have a lot of patience and we have to have patience as well. lou: peace pro

follows a world bank report with startling numbers. global corn and soybean prices are at all-time highs. wheat and rice are also near historic peaks. on average, global food price have risen 7% between april and july this year. a rate that extrapolates to a 20% increase in one year. and yet, economic growth has slowed almost everywhere across the world. what in the world is going on? first it's the weather. this past july was the united states' hottest month on record, causing immense damage to crops. the u.s. will now produce only 3/4 of the amount of corn it was expected to at the start of the year. hot and dry weather has become a global problem. the world bank points out that a dry summer in russia, ukraine, and kazakhstan will lead to a 10% drop in wheat production in these countries. meanwhile, in india, a shortage of rain is expected to translate into a 2.5% fall in production. here's the part that i think people need to understand -- currently the world produces just enough food to feed all its inhabitants. external shocks lik

of this is even more dramatic in theevopg world where many countries rely heavily onmpts >>the world bank says the government's need to beef up ogms tprec tir most vulnerable communities from the incrsen e stf od >> here's a more comprehensive look at how hard theyanit a ram glow. -- aronhe globe. >> rising food prices are putting pressure on delin cotrs ere many spend a higher proportion of their income on food. t u.s., food represents 7% ofvellxpse compared to 49% in as a rajan. -- azerbaijan. it affects the poo countries both in africa and asia. what's their countries that are dependent ofood imports and they are unable to store food thsees meeting they have to exportndherepo. >> and helped to fuel the political upheaval iunia and egypt. egypt relies on imports to meet 50% of its food demand. ea is its moore's important symbol. the price obrd i a sensitive political issue. >> deloping countries are becoming increasingly urbanized. >> people's dietary options are changing with them. in almost every country, this week has to be imported. >> and they're warning of a loomingnd crisis. u.s.

. >> it those critical subjects "rate -- range from math to world bank which is. we've got more on that story. >> baltimore county is just one of a number of school districts. >> i was home school until i was in the fifth grade. she went back to school to get her master's in education. >> they're getting hands-on experience at eastern technical high school. had thising we have opportunity in our education system. we can going to college with a head start. >> it was really fun getting to work with them and getting to know them. it's the kind of program they believe will help deal with a teacher shortage. especially in critical areas that turned up in that new staffing report. subjects like math, computer science, science areas like physics and chemistry, special- education, english as a second language, and world languages. this math teacher is evidence of what is possible. >> i love where i am. love teaching and i love the building and in. the kids are great. i like it a lot. >> he got his start with a baltimore county scholarship to encourage high school students

the big difference is united nations, the world banking system, and radical leaders that need money to run third world countries. united states has become the man who is rich. the third world countries are the casino slot machines. the world bank has become the casino. what i see as the problem is every time this fascist groups run up because they want money, they spent out, and the next thing you know we're giving them money. guest: well, i do not regard the world bank as the problem. i regard it as part of the solution. it seems to me that we get a big benefit from the world bank because we do not pay all the expenses there. a lot of other countries pitch in as well. a sharing mechanism. the fact of the matter is that our foreign aid is rather large to egypt but it is not very large to libya. in fact, it is rather small to libya. yemen is a different case. yemen is a very poor country where america has tried, in addition to conducting anti- terrorist operations, to develop the country in a way that would make it less visible to terrorists, and that requires assistance money. but i do

and president of the world bank dr. jim kim and the president of wal-mart are going to be there at the opening to talk about-- . >> jon: does he greet people as they walk in? >> no, he hires unemployed senior citizens like me to do that. but... . >> jon: all right, fair enough. >> but look, here's why he is coming. and i got him to change his schedule to come for this reason. wal-mart has deployed more photo voltaics on their building than any other company in america. they are the number one solar company in america now. and they also run some of their buildings with wind energy. and they also have cut their packaging. and i want him to describe what i am trying to get people to think about, which is, most people make money and decide i want to do something good. that's a noble and good thing. they have decided instead to go back to square one and say what good do we want. we want to avoid the worst consequence of global warming. we want to cut our energy bill, we want to make it more predictable over the long run. how

and spoke ahead of the imf and world bank conferences held in tokyo. >> we clearly still foresee a gradual recovery. but the global growth that we have forecasted 12 month as go, that we have revised six months ago is likely to be a little weaker than we had anticipated. >> legarde says european credit woes and the fiscal cliff in the u.s. are risk factors for the global economy. drastic belt tightening in the u.s. early next year unless democratic and republican lawmakers reach an agreement in time. lagarde is keachi ikeeping an ee japanese economy and a plan for reducing debt. japan carries a greater proportion of dealt on its books than any other industrialized nation. >>> the leaders of japan and colombia are weighing benefits of knocking down some of the barriers dividing their economies. they're expected to make an official decision on starting negotiation for a free trade deal. the prime minister noda and the president santos will decide during talks in new york. the countries have been contukticontukt icontukt -- conducting working studies. if they sign the deal, clom -- colombia's

food prices up by 10% according to a new report from the world bank. the cost of corn and soybeans spiked by 25%. now, at an all time high. the drought here in the u.s., partially to blame. the gulf coast grapples with loss and damage from isaac. right now, it's moving through the midwest. with it rain and relief for a part of the country in the middle of the worst drought in decades. we are talking several inches of rain from isaac. farmers are desperate for it. it may be too late. it may not be enough. here is susan candiotti with a reality now in the fields. >> reporter: with corn stalks crunching under his feet, richard goes to harvest. thanks to the summer's drought, the field corn is fried to a crisp. in blistering 90 degree heat, not much else to do but climb into the combine and mow down the stalks. >> you put a lot of money and time and effort into it. then you see no return. it's a hard thing to do. >> reporter: hard for every farmer in the midwest whose crops are virtually a total loss. this is so brittle. i mean, what is left in here? what

host: the world bank is of of -- involved. the world food program, the world health organization. guest: those are good things. do not get me wrong. we talked about the things they do right. i would not argue it should cut funding. i think we should take a close look at what we're doing in terms of security. that is where we should take a few. if they are not doing it right, we are going to pull funding. host: you came from the investment banking world. lehman brothers for five years. are you glad you left? guest: is that a rhetorical question? of course. making movies, it is phenomenal. host: you lost money. guest: this is true. my fun quotient has gone up significantly. i cannot imagine doing anything different. two girls. 11 and 8. host: what do they think? guest: they think it is cool. my wife is different. we met in school. in israel, which spent a year at the university of jerusalem. she is from new jersey. she has been extremely supportive. how many wives would be willing to take this risk. she has been great. for her, she thinks i have gone off the beef and -- deep end. ho

. >> mike duke will be on the opening, president of wal-mart along with the head of the world bank and secretary-general of the u.n. because of at least among american companies wal-mart is the number one user of solar power in america and they use quite a bit of wind too, so it is very interesting that they have, a buying part of their business strategy and their stock has been up and growth is good, it is cutting down on their traditional energy use. >> schieffer: i want to wish you the best of luck with this but also want to talk to you a little bit about american politics. you have clearly were the star of the detrimentally convention. you probably made the best case that anybody could probably make for your side. let's just talk about what is going on in the campaign right now. the buying topic this week was this video that mitt romney, that came to light, which he more or less said he was writing off 47 percent of the electorate, who paid no independent, income tax, relied on the government, refused to take responsibility for their lives, do you think that was smart politics? >>

answer that the prime minister of australia gave to bob zoellick who is or was the head of the world bank and he turned to him and said, look, if you guys will just get a long term fiscal plan the markets have confidence in, then the economic growth of this country will be unbelievably high. and that's what we are facing. people have lost confidence that america is going to stand up to its long-term fiscal problems. and all you have to do is look at europe today to see what happens when the markets lose confidence in you and what happens to your economic growth. if we can put our fiscal house in order, then i am confident that the future of this country is very, very bright. but i am equally sure that if we don't, we're going to stay on this path that we are currently on to becoming a second-rate power. i don't want to see that happen. >> darren: senator simpson, medicare is red hot in the presidential election right now. is-- are we in danger of medicare becoming so hot that nobody is going to want to touch it? >> that's where it is already. what's news? they're all terrified to touch it

bankruptcy the banks predicament explored coming up in the kaiser report with max and stacy explaining its looming downfall for program in the next hour here's a preview. in italy world's oldest bank faces uncertain future moment to the passkey did not survive berlusconi's bunga bunga parties it seems the country the bank is on the verge of bankruptcy it's the third biggest bank in italy and now it has all these government bonds which is trying to sell but of course the yield keeps on going up and up meaning their bonds are going down and down so they're caught in a spiral nobody knows for sure there is some sort of bailout agreement reached with the italian government but nobody knows what it actually means the government debt became toxic and they're unaware of this you know member indiana jones at the scene where he replaces the bag of jewels with a bag of sand. but it doesn't quite do it and the big boulder follows him down through the tunnel this is the this bank now in italy they realize that there was a swap and they now hold government bonds that are junk and they're trying to run away down the tunnel. and with finances across the e.u. in the doldrums many ones

three point nine percent was four point two by the way both the international monetary fund and the world bank of predicting negative growth of minus no point three percent for the eurozone next year and this year we are still counting on positive growth ranging between four and five percent that's precisely why even if russia should face economic difficulties it will have plenty of instruments at hand to deal with the challenge we have reinforced or golden currency reserves almost bringing them back to pre-crisis levels we presently rate third worldwide next to china and japan with upwards of five hundred billion dollars in gold and currency reserves parallel to that the government is rebuilding its own reserves we have two government reserve funds the eighty billion dollars national wealth fund i mean the reserve fund which is worth roughly sixty billion dollars to finance a budget deficit should we suffer one but so far we don't have a deficit the next year's budget registers a surplus a slight one it may be unemployment rates of the lowest possible while unemployment averages a live in poi

and president of the world bank dr.he president of wal-mart are going to be there at the opening to talk about-- . >> jon: does he greet people as they walk in? >> no, he hires unemployed senior citizens like me to do that. but... . >> jon: all right, fair enough. >> but look, here's why he is coming. and i got him to change his schedule to come for this reason. wal-mart has deployed more photo voltaics on their building than any other company in america. they are the number one solar company in america now. and they also run some of their buildings with wind energy. and they also have cut their packaging. and i want him to describe what i am trying to get people to think about, which is, most people make money and decide i want to do something good. that's a noble and good thing. they have decided instead to go back to square one and say what good do we want. we want to avoid the worst consequence of global warming. we want to cut our energy bill, we want to make it more predictable over the long run. how should we des

it's the same with the muslim brotherhood, as you know, recently dealing with the world bank and imf. second thing. third thing is about education. very quickly, we need to have discussion. there will be no change if we don't work on education. i mean education for all. education means, also, to struggle against poverty. instead of having jihad against enemies, it's jihad for education which is something which is essential. and this is what i'm saying about women. i, you know, i was talking about, you know, head scarf in the streets. i'm sorry, the only way you are going to evaluate and to assess empowerment of women in muslim authority countries is on two things. it has nothing to do with the way they dress. it has to do with access to education and, the second, access to the job market. this is where we want people to be, and the secularists and muslims are not coming with answers that are credible and efficient in this way. so this is a big question, what is your educational policy? in which way are you going to invest and to promote something which is also to reassess the religiou

and the world bank and. various other international institutions i think they wanted to happen on an incremental basis they are not yet ready to run why because the costs are too high. i mean i mean he makes perfect sense you know you want to fight fight quote terrorism the world that americans pay for the murder. i think in other in different ways actually i mean let's take the internationalization of the renminbi which everybody's been talking about but it's the renminbi is really to be internationalized what does it mean that the communist party has to give up has to give up. its allocation of capital and the exchange rate that we were talking about and that's what would need to happen well that's a very big price to pay. that i talked about earlier that that are occurring to what extent do you let liberalization on the reform process reach these what some would argue should be the inevitable conclusions in terms of the policy but what they visit exactly right what scares the hell out of the leadership in

from 1999-2002, she served on assignment with the international corp., a member of the world bank group. she served previously at the department of state and at the agency for international agency for international development

it's the same with the muslim brotherhood, as you know, recently dealing with the world bank and imf. second, thing -- third thing, that's about education. very quickly. this is where we need to have a very deep discussion. there will be no democracy, no change if we don't work on education. i mean by education for all, education means also to struggle against poverty, and jihad for education, which is something which is essential. this is what i'm saying about women. you know, i was talking about, you know, head scarf industries, but i'm sorry, the only way you evalwait and assess empowerment of women in muslim country is on two things, nothing to do with the way they dress. it has to do with access to education and access to the job markets. this is why we want the people to be, and the secular are not coming with answers, and the islamists are not coming with answers that are credible and efficient. this is a big question. what is your educational policy in which we are going to invest? and reassess religions, the teaching of religion in the society, and on this, it's going to be a