growth precarious global economy uncertain international monetary fund and the world bank kick off their annual spring meetings with warnings to the world. also coming up after months of disagreements the e.u. has green lighted trade talks with the us setting the stage for the real challenge convincing washington to agree to a deal. and it's said to be one of the biggest oil refineries in the world built by the richest man in africa but will it be good for nigeria our correspondent funny went to find out. welcome to the business i'm john nelda and in berlin good to have you with us it's a recurring refrain by now but with undiminished urgency i don't use conference marking the start of their annual spring meetings the international monetary fund and the world bank said seventy percent of the global economy is caught in a slowdown trade tensions that distrust and for policy making aren't helping either we'll talk to our correspondent in washington in a moment but first this report. room sixty million containers like bees was shipped around the world's oceans last year thrilled with electr

according to an international research project which t w was part of the world bank has invested in a number of fossil fuel projects in africa these include financial intermediary investment and a one hundred fifty million us dollar loan to refinery project by roald banks i.f.c. to world bank says this loan was quote designed to help nigeria increase the value addition of its natural resources sector specifically to fertilizers. to roll bank should have instead used its investments to empower nigeria to stable electricity supply. the. three for example. jobs. i would need. that we could. leave you find and go to the oil refinery to sugar salt flour or bear his name. this man. the company has become a monopoly granted government protection from international competition. business. employment some want to believe that their lives will change for the oil refinery but experts point out that once construction is finished and medium still jobs there will be and if it does not connect to other industries it will end up being just another project supported by a u.n. organization. for us funny

term to the prime minister narendra modi and his ambitious economic agenda also on the program the world bank says we all need to stop depending less on fossil fuels so why is it lending money to the world's biggest oil refinery in construction. good to have you with us. the biggest election is in history has started in india nine hundred million people are eligible to cast our vote with prime minister narendra modi and his international list party put favorites he was swept into power in twenty fourteen on promises of more jobs and a stronger economy but his time in office has had its shares of. g.d.p. growth has indeed been strong in india and twenty eight thousand the country's gross domestic product. seven point three per cent making india the fastest growing economy in the world however it is not creating enough jobs unemployment currently stands at seven point one percent the highest level in years providing jobs is the utmost importance in india as the population is growing fast it's nearly one point four billion and that number is growing by fifteen million every day now the prime min

second term to prime minister narendra modi and here's a vicious economic agenda also coming up the world bank says the world needs to stop depending on fossil fuels so why is it lending money to build the world's biggest oil refinery and. welcome to the program. the biggest election in history has started in india nine hundred million people are eligible to cast their vote with prime minister narendra modi and this hindu nationalist party could as favorites mr modi was swept into power in twenty fourteen on promises of more jobs and a stronger economy but his first period in office has had its shares of blemish g.d.p. growth in india has been strong indeed in twenty eight hundred india's gross domestic product grew by seven point three per cent making india the fastest growing economy in the world but it is not enough creating jobs and employment currently stands at seven point one percent the highest level in years but providing jobs is of the utmost importance in india as the population is growing and it's growing fast there are currently around one point four billion people living on the s

conference marking the start of their annual spring meetings the international monetary fund of the world bank said seventy percent of the global economy is caught in a slowdown and trade tensions debts distress and poor policy making aren't helping . around sixty million containers like bees were shipped around the world's oceans last year filled with electronics or tennis shoes or furniture private new tariffs and trade barriers are threatening free trade according to christine lagarde at the spring conference of the international monetary fund. so we need to better addressed unfair trade practices and distortions in the system including through a w t o system reform. and we need to avoid self-inflicted wounds including tar ifs and all the barriers it would be on those barriers are having a real effect on trade the i.m.f. expects the world economic growth rate to decline this year to three point three percent god also warned the developing countries are not benefiting from growth in industrial nations to the same extent they have in the past. to talk more about the challenge for the world ec

and there's africa the world bank says growth is sluggish despite so much investment in the continent. the world bank says the economy in sub-saharan africa has grown only two point three percent in twenty eighteen that's down from two point five percent the year before we can make growth remains below population growth for the fourth consecutive year but a rebound is expected long term trends for the three largest subsaharan economies are upwards growth in nigeria is projected to rise from one point nine percent to twenty thousand to two point four percent in two thousand and twenty one south africa is forecast to recover from zero point eight percent to one point eight percent in two thousand and twenty one and i'm gola is expected to come out of recession to see growth approaching three percent smaller countries are expected to see even stronger growth from four point one percent to twenty eighteen to almost five percent in two thousand and twenty one among the reasons for some nations sluggish growth natural disasters like floods and droughts but also uncertain commodity prices an

let's continue with more from the world bank. ay, bloomberg with the central bank -- with the dutch central bank governor klaas knot. he told francine lacqua the ecb is working well financial institutions on stimulus. as: monetary transmission works well. i'm confident with the amount of credit growth we have in the euro area economy. i would prefer stronger banks but mainly for financial stability reasons, which is outside the realm of our monetary objectives. francine: use data concern about mitigating the effect on banks in the curing system certain -- system banks have in place. : i would first need to be convinced there is a reason for mitigating. we need to preserve the favorable conditions we are currently enjoying and if is favorable credit conditions were in jeopardy, then i would start thinking about ways to restore. tltro is an effective instrument wehave used in the past and will announce we will continue to deploy in the future. vonnie: on tltro's we are expecting more details. what can you tell us? klaas: the details

he was supportive of the idea that the world bank is -- has a clear mission, that our relationship with where we can be constructive together in the rest of the world >> so does that mean you're not looking at the world bank as a tool to further undermine or confront china as the trump administration has been doing. >> so there are challenges facing the world in terms of how do you have transparent projects that are high quality, where the debt is transparent. china moved so fast that in some parts of the world there is just too much debt. that's something that we can work on with china, they want to work on it they want to see a better relationship with other countries and be part of the world system so i expect to be successful in that and to have a good relationship with china. >> one of the things we heard you talk about before, though, is less lending to china as it doesn't need it as much as some of the other countries, is that something you're going to get to work >> yes, that's embedded in the capital increase that was worked out early in 2018 with the -- with the shareholders o

receive an additional six billion dollars in loans a little and to show how they think with the world bank the inner american development bank and the p.a.'s and development bank that critics have pointed to the field as a potential factor in ecuador and revoking to leave it on the island just this week monday and today's meeting at the i.m.f. is also expected to address that right this minute well how the head of the i.m.f. and the world bank are now faced with the big challenge on whether or not to recognize the opposition leader in telford claim president as the country's leader new head of the world bank david malpass water borders the benefit of the current that the world bank will be deeply involved and we are preparing for that but the situation is still a problem on the ground. i will be watching to see how and that we may get involved and letting that morning from them back down on tear down that. american oil giant chevron has eighteen to thirty three billion dollar deal to buy and a darko petroleum the agreement will boost chevrons natural gas and shale business in announcing th

receive an additional six billion dollars in loan a multilateral institutions this includes the world bank the inner american development bank and the d.a.'s andean development bank a critical point in the field as a potential factor in ecuador revoking the limit on the island just this month and today's meeting the i.m.f. is also expected to address the crisis in venice well now the head of the i.m.f. and the world bank are now faced with the big challenge on whether or not to recognize the opposition leader and self-proclaimed president as the country's leader new head of the world bank david malpass water borders the benefit of the current to that the world bank will be deeply involved and we are preparing for that but the situation is still trouble on the ground and we'll be watching just to see how exactly you she may get involved and to what extent reporting from boom bust there montecito. american oil giant chevron has into thirty three billion dollar deal to buy into darko petroleum the agreement will boost chevrons natural gas and shale business in announcing the acquisition chevr

start by talking about the international development association or ida which is the arm of the world bank that provides grants and highly loans to the world's poorest countries. i am concerned through its new private sector that is today is transferring to $.5 million to the world banks private sector investment arm. the international finance corporation that is subsidizing private firms selective without competition on the basis of unsolicited proposals it is likely to prioritize financial returns over positive development impacts which will be difficult to monitor. it also stands in conflict with the world banks own principles that calls for subsidies to be justified, transparent, competitively based, focused on impact and guarded against risk seeking opportunities. my message to treasury and the world bank is that unless these transfers stop or at a minimum are competitively based and fully transparent down to the amounts of aid going to firms and projects the administration's request for congress to authorize the general capital increase will not be a committee priority. now i would l

and the world bank are hosting their annual spring meetings in the nation's capital and. we are on the ground harvey correspondent there a month as the old go brings us the latest on these from up close all of that directly ahead but first let's do some headlines and let's begin right here with another twist in the ongoing drama of the u.s. china trade war data today shows that chinese imports took a major slide and march falling seven point six percent when compared to last year this major tumble comes on the tail of a dismal slide in february a five point two percent now while these numbers are stark the picture is even more grim when taking a look at the nation's imports from the united states according to data imports from the u.s. it fell twenty eight percent while exports to america saw a three point seven percent decline despite these otherwise troubling numbers from domestic consumption exports from the people's republic saw a surge last month jumping by more than fourteen percent all of this news comes as the u.s. china trade war is slowing to a crawl in contrast

conversation with world bank's ceo. later, we hear from the managing director of the imf, christine lagarde. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. this is "bloomberg markets." let's check those markets now. here's abigail doolittle. abigail: we are looking at small moves for the major averages here in the u.s. investors treading water before the real kick off of the earnings season with some of the big banks. , the&p 500 up fractionally nasdaq down fractionally. both of these on case for weekly declines. outpacing for the downside on the day, the em index, down 8/10 of 1%. interestingly, it is not a risk off picture. haven bonds flowing back, too. investors waiting for more information probably out of the earnings season, which tomorrow will kick off in earnest. as for that em weakness, this is the shanghai composite this week, four days on the weak, down for percent. it is on pace for its worst week of the year. perhaps trade uncertainties weighing to some degree, but it is up 30% on the

quality projects, will they say hang on and say that is a bit rich coming from america and the world bankthink china is really wanting to find and evolve its role within the world come in a constructive way. they are a world leader, they want to be a world leader, they want to be a world leader in terms of development.- the same time, the head of the international monetary fund us of the bbc that further uncertainty over brexit will hinder growth in the uk economy, she added that she opened a deal could be struck quickly. if there was a prolonged uncertainty, we can suspect the impact on confidence would continue because whether you are talking about investors, or talking about this essence as to work to expand or set up or how to organise a supply chain, people are going to wonder what comes next. and how will it settle ? what comes next. and how will it settle? in other businesses, and the lassie hours disney has unveiled his new video streaming service, it will be locked in the us early next year, and gradually go international but it is entering an already crowded market. the action b

let's continue with more from the imf world bank spring meetings. tom keene is there with a special guest. a special guest. thank you so much. to all of you worldwide, an important conversation on the ands of politics, finance, borders and tension. that can only mean austria. austria is at a point and its history where they are front and center on these themes. with our stuff finance minister finance mr. of austria -- finance minister of austria, hartwig. -- hartwig loger. right now, your politics are remarkable. how does your finance fit into their coalition and populism of austrian politics? loger: the politics are strong in a conservative way. we first have the long 65 years and will reach a budgetary surplus which was down the last time in 1954. over this time, it will be the , so out ofin 2019 these, we try to stabilize and look forward to seeing enough money for investments in innovation, things like that. tom: there is a wonderful monograph on populism, but it is not a thing now. in your nation, their freedom party is up. anddoes capitalism w

>> banks were very important in world war ii. if we look at the memories of that in terms of war bonds that were issued through the banks to individuals. i looked up documents where you could see at the put out - - ads being put out. thing open up an account, get a war bond certificate. all sorts of deals that were being sort of run by banks as well as providing their own money into the war effort. as well as directing some of that war effort. different banks provided different funds ii, there's a lot of communication going back-and-forth between the people running these institutions. like tom lamont who was running morgan bank at the time and the presidents staff as well as fdr. >> before we leave collusion, what's the role of the imf and the world bank and the world money situation? >> talking about coming out of world war ii, the idea was in the meeting was held in 1944 where the leaders of the international sort of community came together to talk about how to fund. ultimately the reparations that needed to be done in the wake

he has criticized that they get money from the world bank when you're the world's second-largest economyhery: thank you so much. here with the latest from the imf and world bank meetings. let's see how this macroeconomic environment, not to mention the latest geopolitical headlines will affect currency markets. joining us now is bny mellon fx .acro strategist, john velis great to have you with us. let's start with the u.s. dollar. we have seen it range boundaries. this gtv chart on the bloomberg showing the dollar trading range has been caught by conflicting forces, from trade headlines and dovish fence, not to mention global growth. which side will win? that i would have to say think in the short-term, i'm getting a little more optimistic. we have seen some green shoots of greece -- a decent data in china. i will remain in the skeptical camp about the progrowth generally. i can dismiss the china numbers for the time being, because it disposal new year. -- because it is post new year. i'm not convinced the china stimulus is as big a picture as we have seen in the last 10 years. all of th

and its agencies, the world bank and others as well. i would say the reason for this is because they bring resources , and i am not just talking about money but resources that , as a national actor you may not have. secondly, as national actor s, sometimes you come with baggage, and that is not always good in terms of achieving the impact that you want. so sometimes it can be really useful to work through other agencies, other multilateral actors. and finally, there's a question of legitimacy as well. legitimacy i think is something which is subjective. it is basically how you are seen by those you are trying to impact. and legitimacy isn't just i think, it's not some vague concept. it means leverage and impact and getting the results that you want. so i would say there is definitely an important role for multilateral actors because of what they can bring to the table. >> in a way, it strengthens the multilateral, strengthens the voice of the country, the government of the society instead of having many individual donor countries coming

treasury official david malpass has been elected as the new president of the world bank it was the trump administration's unanimous pick for the job it has always gone to an official from the united states while the world bank's sister organization the international monetary fund is headed by a repeat. french finance minister brutal america says his country is sticking to its plans to introduce a digital tax on companies like facebook or apple despite opposition from washington the three percent levy would apply to high tech firms operating in france with an annual global turnover of more than seven hundred fifty million euros the european union says greece has fulfilled its reforms as part of its exit from its bailout program last summer so the block has now approved and nine hundred seventy million euro debt relief payment to athens the money consists mainly of east and b. and other eurozone central bank profits made on greek government bonds during the bailout period. european regulators have accused b.m.w. dialer and fox wagon of colluding to prevent competition on emissions cleaning

the imf and world bank spring meetings are under way in washington with christine lagarde and othersarning of a quite uncertain outlook. hays is in d.c. for the meetings. we continue to hear this pessimism growing among policymakers around the world over the state of the global economy. what are we hearing now? kathleen: a number of different things. i think everyone agrees that broadly, the global economy is slowing and broadly, the biggest risks are the u.s.-china trade war and the risk of a no deal brexit, but everybody knows -- the stories have been different for every country, and when i the new chief of the central bank about his concerns about growth and inflation, he was pretty sanguine on the onnomy, pretty sanguine borrowing a lot from china and japan from some of their important infrastructure spending. he also seems that despite all of that, inflation is low enough that maybe the bsc could consider cutting their rates at the may meeting. let's listen to what he said in an exclusive bloomberg television interview. is the agenda, we increase interest rates by 1.75% , 175 ba

and just briefly the world bank has slashed its growth focused to sub-saharan africa this year to two point eight percent down from three point three africa post the world bank's biannual report on african economies released today cited a volatile global economy amid rising trade tensions as a reason for the cut its mystic challenges in sub-saharan africa's biggest economies like oh production area associated to the downgrade is joining us. tara poker. u.s. president donald trump is ignoring the rules of free trade and setting global markets on an issue but our europe in germany doing that much better. who are the winners and losers in a high stakes game. in sixty minutes long. what secrets lie behind the small. find out in an immersive experience and explore fascinating world cultural heritage sites. the world heritage three hundred sixty getting. this. coming up in the next fifteen minutes is drowning in plastic waste we speak to the woman who's trying to make a country's government. and its five thousand years also coming up. live. reaping life into the building its books and its r

profit also coming up warnings to the world about growth as the international monetary fund of the world bank kicked off their annual spring meetings china's steps its investment push into eastern europe and western europe urges. congress colder welcome to the program. right shane company has filed documents ford's much anticipated i.p.o. it is expected to seek a market value of close to a hundred billion dollars making it the largest offering and years were offers right sharing some seven hundred cities on six continents and its ambitions include a broad expansion into freight and real deliveries there is a catch number has never made any profit and the morning fighting says it is unclear if it ever will just recently over rival lift made its debut on the market has lost ten percent of its value ever since. it's a recurring refrain by now but with diminished urgency at a news conference marking the start of their annual spring meetings the international monetary fund of the world bank said seventy percent of the global economy is caught in a slowdown trade tensions debts distress and for pol

and, of course, undp would be one of the agency for the work and the world bank here also the previous, so there several funds and i do think it is a good to see and perhaps to a mapping of this kind of initiative. we would know that it's easy to start up something and close it down but, of course, there could be some coordination. i think there is also between these different funds we could perhaps improve it. but, of course, the political initiative is important. so that's many times also the reason why we start off with new initiatives and maybe it's a matter of packaging in how to make something out of what we already have to showcase that there are countries taking this seriously and the challenges that we have. >> we are dealing here with something where we cannot have template solutions. we need to be aware of this and brightly, the analysis is extremely important when working in fragile context and so what i think is, if further funds should be developed, the existing experience should be analyzed. and one should be really aware that they cannot have something one size fits all

and those of the imf and the world bank please join me to think mister secretary. [applause] [inaudible conversations]

i think china really wa nts to world bank?nts to evolve its role within the world, in a constructive way. they area world, in a constructive way. they are a world leader, they want to be are a world leader, they want to be a world leader in terms of development. what other business stories has the media been taking an interest in? shanti kelemen from couttsjoins us again. which one are we going to start with? let's start with this one. yes, this was in the financial times. a big bank, merrill lynch, it says it has managed to sort out an algorithm looking for an clear language in investor calls, when companies are talking to investors about what is ahead. if these people, the top of the tree, are using an clear language, this bank will sell the stock. what do you make of that question of yes, it's pa rt of make of that question of yes, it's part of a lot of the data analytics, you have seen people doing things like scour reports to find trends, what things are companies talking about. a lot of the algorithms are based on common

start by talking about the international development association or iga which is the arm of the world bank that provides grants and highly concessional loans to the world's poorest countries. i am concerned that the new private sector window is transferring $2.5 billion to the world bank's private sector arm. the international finance corporation. it is subsidizing private firms, selected without competition on the basis of un- solicited proposals. the psw is likely to prioritize financial returns over positive, development impacts which will be difficult to monitor. the psw also stands in conflict with the world banks own principles that call for subsidies to be justified, transparent, competitively based, focused on impact and guarded against rent seeking opportunities. so my message to treasury and the world bank, unless this transfer stop, or at a minimum or competitively based and fully transparent down to the amounts and purpose of aid going to which firms in which projects. the administration's request for congress to authorize the ifc increase will not be a committee priority.ca i

and the world bank holding their annual spring meeting. a couple of years ago there was optimism now the head of the international monetary fund says growth in the global economy is certainly slowing we're now talking about synchronized slowdown by seventy percent of the global economy so our forecast for growth this year is three point three percent. going back up we hope in twenty twenty based on awful cost to three point six percent at the end you will spring meetings of the world bank in the international monetary fund in washington the i.m.f. director says new world is facing a time of high uncertainty lagarde blames what she calls self-inflicted wounds in chief among those is the trade war between the united states and china the i.m.f. chief economist says the world's two largest economies must resolve that conflict or risk further destabilization around the globe the escalation of u.s. china trade tensions needed credit tightening in china macroeconomic stress in argentina and turkey disruptions in the auto sector in germany and fin

the us has a longstanding, if informal, right to select the world bank's leader.orarily shut down operations from wednesday night onwards after it failed to secure emergency funds from lenders. the airline said it had no money left to pay for oil and other critical services. jet airways has been struggling due to high debt. sameer hashmi is in mumbai a very sad time for the airline because this used to be a huge carrier and very real respected around the world 7 carrier and very real respected around the world? that's right. look atjet around the world? that's right. look at jet airways it was india around the world? that's right. look atjet airways it was india 's oldest private carrier, started in 93, at one point in time it was the largest carrier even within india and then in 2000 s started flying international, it had, you know, maximum numberof international, it had, you know, maximum number of passengers flying oi'i maximum number of passengers flying on international routes because of connectivity but things started to change or get worse for the airline f

coming up, we are live from the imf world bank meeting. not miss our interview with christine lagarde as well as the governor of the bank of italy and the south african reserve bank. that is with francine lacqua and tom keene in washington dc. let's get first word news now in new york. wall street chiefs face a grilling from congress yesterday, question about everything from income inequality to ties to politically controversial industries. ofpite the wide array topics, there was a consensus that cybersecurity is a major issue facing the system. >> cyber security is the biggest risk the financial system faces. >> i do believe that cyber is a clear and present danger. >> this is the single most existential threat to the financial system. >> we are in a war on cybersecurity. >> today in india, a marathon six-week election begins. 900 million voters are eligible, the prime minister is seeking another five-year term. the opposition is meant by that led by a congress party. sudan's president is reportedly stepping down following months of antig

thepm world bank was run by the chairman of chase after he became the head of a second head of the worldk int and that relationship again have some end to do with chase or bank's going out to the public and they would try to raise money that would then go back to the world bank and they could then use for projects that they deemed appropriate for necessary and then they would work on discrediting the money out this particular projects. >> host: one final character before we run out of time that you spent a lot of time with. david rockefeller. >> guest: he was in a major shift that happened throughout the relationship between banking and washington and that is when his family owned a significant portion. he married into the family so they became david rockefeller, nelson rockefeller and others, so the family itself was fascinating but it goes through multiple decades of the family being involved and the wall street elements of global policy, nelson rockefeller became the vice president while ntvid rockefeller was coming chase which at the time was a major bank in the united states. it was

more on the imf and world bank more -- meetings.l investors will look past its $3 billion in operating losses. the number -- they revealed a number of details in their ipo finding -- filing. foods, uber eats, had 1.5 billion dollars in revenue. uber wants to raise $10 billion and its public offering. your own powell telling democratic lawmakers -- jerome powell telling democratic lawmakers the fed will not caved to political pressure. the european union clearing the way for trade talks with the u.s. bloc trade cave -- chief gave the ok for cuts. the president of ecuador lashing out at julian assange. he called him a bad mannered guest during his seven years living in ecuador's embassy, saying he hit embassy officials. julian assange was dragged out and arrested on charges. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. tom: it is breaking news, something people have been waiting for. the challenges of the domestic and the

the spring meetings at the international monetary fund and world bank continue in washington, d.c. officials pounding the table about slower global growth and the risks that could weaken it further. david: with more on this, kathleen hays, our global economic editor is here to wrap things up for us. kathleen, how do we put it? there is a sense that officials around the world have rethought their economies and what is the key takeaway? where do they see these economies going next? kathleen: i think they figure the risk is they get weaker and the hope is they won't because there will be resolution of big risks the imf has been talking about all week. i loved when christine lagarde said today, a year ago, we were talking about synchronized growth and now, we are talking about a synchronized slowdown. of course, you can look at the slowdown in europe and the risk it poses. ,hristine lagarde had hers trade tensions between the u.s. and china. you've got a buildup of debt, corporate and public debt and of course, the fallout from brexit. she said the extension granted by the eu to theres

head of the world bank. that had to do with chase or banks and they go to the public and they will go back to the world bank so they could use it for projects they deemed appropriate or necessary. >> one final character before we runout of time david rockefeller. >> david rockefeller was interesting. he was at part of a major shift that happened between banking and washington. between watt street and the presidency. he came from a time were there was a depression. he married into the family the family was fascinating. they go through multiple decades. there was global policy and nelson became the vice president while david was running chase. that was the major bank. it still is. it's a major power player at chase. david during his time as he rose to become the chairman was also working more and more hours with other foreign policy initiatives. they made loans to latin america and other developing countries. rather than being fully aligned and influence came. now, they have the stability to access money coming

he is worried about central bank independence and the most important jurisdiction in the world. in other words, the federal reserve, the leading central bank, cannot be pushed in this way. it was a big topic on the sideline of the meetings. the central bank chiefs of south africa and switzerland both said, we have policy mandates. you have to have prices to nobility and maximum sustainable growth. that's how you keep them accountable. if you look at what the federal reserve did in december when trump was pushing as hard as he could to get them not to hike rates, they hike the key rate. i think the fed tried to improve its independence and then moved in january when it saw evidence of a weaker global economy, a stock market that had gone down, it could tighten financial conditions. it remains a debate about whether jay powell has vowed to donald trump at all. that's why he continues to push so hard. watch we will continue to for that, kathleen hays and roz with the wrap us up of a pretty hectic weekend on the inf and more tweets from the president. more on trump's fed bashing stil

the world bank and international monetary fund of kicked off their annuall spring meeting amd a a rocky stretch f for the glol economy.. it's the first major event f for davidd malpass since he became president of the world bank group having been nominated by donald trump. he noted the rise in extreme poverty especially in sub saharan africa and calls for action. and technology counterpart christina gal to describe as a delicate moment for the global economy tickle. the guard will be in her short - reforms in the decelerationn has let's see if it has it was seen in both advanced and developing caught economies and it coincided with three other warning signs.. waning structural reforms in major economies. financial stress in some large emerging markets and elevated policy uncertainty globally. the big debut for dead not personal be interestining to see what kind of tone he strikes going forward as trump's choice for that position i'm sure you have all of that for us thank you very much and they can't we do that all business it is that we take. usual 04/11/19 04/11/19 [captioning made pos