the credibility of the debt sustainability analysis, that the imf does and that the world bank does, is that it's based on objective analysis conducted by economists and experts from all over the world based on the data that they have and their best assumptions about the future. and that kind of common standard is something that the recipient countries, as well as creditor countries that are financing infrastructure investment can believe in. and it's that sort of credibility that then mobilizes the additional investments. so i think just to echo the points that you've all made and really kind of grounding it in that credibility and trust piece is really quite essential. >> do i introduce you paper. >> and then to something that's quite different. it's actually linked a bit to nancy's commentary in looking at fdi developments because we're talking then about the capital accounts side of the equation for countries and what nancy mentioned about the increasing fdi flows from china to africa is reflective of increasing capital account integrations. and that does link, somewhat, to the to

surely there is a lot that both the world bank and i.m.f. can change policy wise to stop benefiting africa. yes and that has been one of the issues that has been raised this far on the larger the issue of conditionalities that eventually bedding some of these african countries economies and then make them remain in debt for a long time by the composition has changed a little bit at a forum the focus has now been on the countries finding a way to depend less on the i.m.f. and the world bank and that has been a key change of tune at this particular forum will it work to depend less on those institutions how would africa generate sustainable growth so the focus now is that they want to develop the human capacity in terms of the people who need to be skilled wise so that it can create jobs and also employ young people also the need for african countries to begin to manage the irish sources better and not to let them be exploited and transported out of perhaps out of africa in their own my curiosity is more focused on actually explore exploiting

gets to appoint the president of the world bank. amazon boss jeff bezos has sold $1800000000.00 worth of his shares and that company sale took place over 3 transactions at the end of july he reports a basis to use the money to fund his space venture origin over to asia now where south korea is the 1st country to be dropped from japan's white list of favored trading nations a move that could slow exports of a wide range of goods and with seoul threatening to respond relations in the region could get even more difficult both export driven economy face lighting demand from china and both are key u.s. allies in keeping regional peace. no sooner had the news of fresh japanese trade restrictions reached south korea than protests kicked off again just like here outside the japanese embassy in seoul. that we are here to express our deep anger against japan 2nd economic retaliation we have been boycotting japanese products since japan's export curbs were introduced last month. south korean president moon j in described japan as a selfish nui

ran the world bank and i'm not against your working there. i believe in the whole system bubut that shouldn't be dominatd by the u.s.. my question is you are very good in talking basically the u.s. economy or the advanced nations economies, but you are not saying anything about the people in dire poverty. >> i had some ideas recently. a lot of the issues you bring in your book in a slightly different way i do talk about the co-ops in the book and one of the things i point out is the need for the institutions that we focus on for-profit corporations where there is no representation of workers in europe or germany they have stakeholder capitalism but is it just to maximize the value. then there is a section where we talk about the role of the co-ops. one of the things i emphasize in that discussion is the way that the market economy works shapes who we are as people come about because we have a market economy that is very shortsighted, that is very materialistic and profit oriented has led us as a society to be dominated by people who. and one

is led by a european and the united states gets to appoint the president of the world bank. puerto rico has a new governor lawyer pedro pier luigi was sworn in after weeks long protests forced his president sesar to step down here at least he said that the island senate will vote on whether to confirm his position hundreds of people chanted and rang bells outside the governor's mansion to mark the change of leadership. in sudan's military council and the main opposition coalition have finalized the power sharing agreement the constitutional declaration is meant to further pave the way for a transition to civilian rule and khartoum residents took to the streets to celebrate this comes after months of political turmoil and violence. now 5 years ago the so-called islamic states began its attacks on the yazidi religious minority in iraq a campaign of genocide these images show playing the onslaught of iran's forces in august of 2014 they had to leave without food or water and an estimated 200 children died of dehydration as people descended the slopes of mount sin jar the centra

is led by a european the united states gets to appoint the president of the world bank. puerto rico has a new governor and lawyer here the reason he was born in after a week's long protests forced his predecessor. or to step down the easy said that the island senate will vote on whether to confirm his position hundreds of people chanted rang bells outside the governor's mansion to mark the change of leadership . sudan's military council and the main opposition coalition have finalized a power sharing agreement a constitutional declaration is meant to further pave the way for a transition to civilian rule and khartoum residents took to the streets to celebrate this comes after months of political turmoil and violence. suspected al-qaeda militants have raided a military camp in the southern yemeni province of. witnesses say the assailants killed at least 20 soldiers and battled the yemeni security forces for several hours the militants were eventually expelled from the camp after reinforcements arrived backed by the united arab emirates 5 years ago the so-called islamic st

>> banks were very important in world war ii. f 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 o

search system so now america's forcing a new world bank a new i am they have a new everything and then the u.s. dollar will have its supremacy because we have abused ourselves it's going to build up a whole new competitive financial system not just technology ok joel let's say school i want to have a parent article here what would it take for you because this is what you constantly hear and think think tanks you know what would it take to entice russia to turn westward again what would it have what would have to happen ok what sanction relief all these kinds of things here i'm just trying to imagine a scenario where you can reverse the trends that have been going on for a couple of decades about what could stop this trend of russia and china getting closer and closer together go ahead in paris. well you know i think the answer to your question lies in the fact that there's nothing like the west either in finance in currencies in trade or in technology there's nothing by deal with this do you with say. some countries in europe as the e.u. you know some eastern european countries not par

caller: it comes from the three have very lu little world bank. the away make a contract with minors and when they return receive money from the world bank for the individuals. they are not coming for free and we had reason is hearings we created instability nations. guest: he's addressed a problem separate from the family issue which is unaccompanied that are arriving. that started about 2012 mostly texas.uth parents who were living in the country illegally for their kids who were left behind in central because of policy changes the kids were usually a certain period of time in u.s. custody and families.ith their we started to see a huge influx a system -- there is a system of contractors who care or these kids until an appropriate placement can be made. .t still is a big problem it has caused problems in many because bad act fors tarted taking advantage of the pol olicy including gangs based in central america and now we are kind of cleaning up some of the that were created by this influx of kids. host: richmond, virginia. caller: i'm in my 30's

hartley from deloitte access economics whether the trade war is the main issue facing the world's central bankin issue facing the world's central bank 's. we are already seeing downward momentum in us business investment, and the chinese economy, we have evidence that it chinese economy, we have evidence thatitis chinese economy, we have evidence that it is slowing quite markedly. further sanctions is just going to make this even worse situation. world growth could slow quite markedly here. global central banks used to be co—ordinated. are they now, or is it a really tricky balancing act these days? there is no co—ordination at the moment and there is less need for it when the world economy is growing at a reasonable sort of rate. but if we are going into the slow era, then co—ordination is going to be called for. and it is going to be harder because everybody has a different levels of interest rates. the us has more room to move, having raised rates over the last couple of years. so we are in very different positions and very different positions and very different positions of strength. it is

for example with the world bank, because there was inadequate access to capital for small and medium size of female entrepreneurs in the world. we launched with opec. the first development institution to think about lending through a gender level. it's quite novel. and we used g7 in canada to reinforce that and create a call to action among the other countries and institutions. and we were successful in that effort. we took a step back after launching these in a series of others after we connected with mark greene to help bridge the gender divide. we step back and say what the most effective ways, the most important ways economically to empower women? and how can we create a comprehensive government approach to doing this? that never happened before. they had never been in a government approach to women's economic empowerment. we know it is smart from a development assistance standpoint. and we know it is critically important, which is often underplayed. it is critically important from a national security perspective, which is why we are very proud of the fact that the president's nat

the focus of this is g. 7 summit in france inequality and according to the world bank south africa is the world's most unequal society the richest 10 percent of the population earn 70 percent of the country's wealth 25 years off to the end of apostate poverty is widespread among south africa's black majority in the contrasts off particularly stop responding to adrian krishna of course. when elizabeth needs water to cook with she has to go outside to get it the geriatric nurse has been living in this block of flats for 3 years together was more than 400 other squatters they have neither electricity no water but elizabeth says she likes living here specially because of its location inside this city close to my workplace and a very good environment close to a pretty close to the hospital the shopping mall in the local government has put this for michael wood ation for nurses working in the neighborhood hospital for sale but before investors could buy it up the squatters moved in. it's in the center of one of cape town's most expensive and popular districts the waterfront. most residents

unaccompanied minors that come from the three countries that have little funding from the world bank, when they come over here, we , when contract with them they turn 18, we receive moneys from the world bank for these individuals. they are not coming in here for free. the hearings, we created instabilities in their nations. guest: he's addressed a problem that is separate from the family issue, the unaccompanied minors who are arriving. 2012 innomenon started south texas. parents who were living in the country illegally started sending for their kids who had been left behind in central america. because of policy changes that had been made, these kids were usually held for a certain period of time in u.s. custody and then reunited with their families. we saw a huge influx of people coming. the contractors who cared for these kids until appropriate placement can be made -- it is still a big problem. it has caused some problems in many communities. bad actors started to take advantage of this policy, including gangs based in central america like ms 13 and 18 street. now, we are cleaning

the focus of this g. 7 summit in france is inequality and according to the world bank south africa is the world's most unequal society the richest 10 percent of the population earn 70 percent of the country's wealth 25 years off to the end of apostate poverty is widespread among south africa's black majority in the contrasts off particularly stop responding to adrian krishna of course. when elisabeth needs water to cook with she has to go outside to get the geriatric nurse has been living in this block of flats for 3 years together was more than 400 squatters they have neither electricity or water. but elizabeth says she likes living here specially because of its location inside this city close to my workplace and a very good environment closely close to the hospital the shopping mall in. the local government has put this former actor would ation for nurses working in the neighborhood hospital for sale but before investors could buy it up the squatters moved in. it's in the center of one of cape town's most expensive and popular districts the waterfront. those residents here are wealt

nomi prins order of collusion how central banks rigged to the world. and public ownership researcher thomas hannah believe that banking and development could look very different find out how just ahead we all storming the federal reserve this week on the laura flanders show. it's the place where the people as they had come to be done take a backseat to the people who were doing. the problem is we talk about on t this program are big enough that what we really need is structural systemic change. talk aboutut structural

accountability and transparency that is linked to money funded by say or anything funded by the world bank so that's attractive because they could also maybe keep a slice of that money for themselves of course in which case that has been because obviously there's a lot of obesity linked to these projects what's it all mean for the environment i mean what's the feasibility of projects like the coal mine in kenya for example which is environmentalist's up in not exactly i mean there's been a small win for environmentalist in kenya who were able to get that project suspended of course that doesn't mean it's the end of that project the government is pushing for it the project itself is you know at best questionable because the mine is located miles away from the island where the energy plant would be the coal would have to be transported to that plant and of course at the beginning of the launch of the project they were expecting to actually import the coal from south africa because the mine wouldn't have the capacity needed to supply that energy plan and so there's a lot of issues with that p

a world bank tribunal has ruled in favour of mining giant glencore‘s coal mining subsidiary prodeco inhad been levied on the company for alleged breach of contract. a petition for $575m in damages was however rejected. deutsche bank, a longtime lender to donald trump, does have the president‘s tax returns. the revelation was made in a court filing. congressional democrats have requested the documents regarding donald trump and three of his children‘s business dealings. lawyers for mr trump are trying to block the subpoenas and it‘s not clear if deutsche bank will comply with the order. that‘s it for the business briefing this hour — but before we go, here are the markets. up next — newsbriefing. we‘ll take you through ther stories making headlines in the global news media today including. we all know how frustrating a poor internet connection can be, and if it‘s bad enough in towns and cities, it‘s often worse in rural areas. but now, two of the remotest parts of the uk can boast that they‘re the best connected as superfast broadband goes live to more than 300 homes. our technology cor

the world bank, the economic -- the index of economic freedom and other sources. the constraints to growth analysis is a very important innovation for global development as well. -- there is an mcc model. you have talked about it a little. there is also the mcc effect. can you talk about the effect? that is interesting. sean: the model and effect are related. the model is what has made mcc such a success. we are in our 15th year. this came out of the bush administration. it was started in 2004. records kept our track so good and what leads to the mcc effect is this objective view of who is eligible. approach data driven to developing these projects. the eligibility side of it, how we select partner countries to work with, it is based on these independent scorecards that are drawn from the heritage .oundation, the world bank objective criteria that break down into good governance indicators, economic freedom indicators, the government's investment in their people indicators. if they pass the scorecards relative to the rest of the countries in the world -- we can wo

the focus of this is g. 7 summit in france inequality and according to the world bank's of africa is the wolves most unequal society the richest 10 percent of the population earn 70 percent of the country's wealth 25 years off to the end of apostate poverty is widespread among south africa's black majority in the contrasts off particularly stop responding to adrian krishna of course. when elizabeth needs water to cook with she has to go outside to get the geriatric nurse has been living in this block of flats for 3 years together was more than 400 other squatters they have neither electricity or water but elizabeth says she likes living here is specially because of its location inside this city close to my work place and a good environment close to a little closer the hospital the shopping malls in the local government has put this for michael wood ation for nurses working in the neighborhood hospital for sale but before investors could buy it up the squatters moved in. it's in the center of one of cape town's most expensive and popular districts the waterfront. those residents are w

that turning out to buy another one of the world's 5 fosters growing economies according to the world bank but in contrast to that distinction since its record on torture human rights watch dogs are denouncing what they call the systematic use of torture in the country a report by the organization against torture the city and the bunker they should human rights group or the looked at 300 cases over an 8 year period they found that torture is used to instill fear and quash dissent to course confessions or as a routine tool for corrupt law enforcement agents to extract bribes impunity for perpetrators reign supreme further reinforcing these important practices of those practices according to the report's findings include extreme forms of physical violence such as breaking bones drilling into body parts and i go the report calls for more international pressure and put forward a 10 step plan to establish the rule of law in one lavish. is the network coordinator for the wild again world organization against torture she joins me now from geneva is as far as a welcome to the program just in terms

the world bank's next on d w. small towns with great aspirations because of her kids looking back the city of boston new says protestant reformation and then we move on to find germany's a town of the classic scene a. hellish. luxury world is going to have a culture that's in store for a little stake in dhanbad in. 60 minutes. last. laugh. not everyone who writes books has to go and say. the donkey literature list. you must treat. the lead. well you won't be seeing.

in terms of leveraging open source analysis -- you're using global different data sources, the world bank or the index of economic freedom or other sources and then i think the constraints to grow the analysis is a very important innovation for global development as well. you talk about -- there's an m.c.c. model, you talked a little bit about it. there's also the m.c.c. effect. can you talk a little bit about the m.c.c. effect? i think that is really, really interesting. >> sure, i think the model and the effect are related. >> yep. >> so the model is what has made m.c.c. such a success. we're in our 15th year of exidges. this came out of the bush administration and was started in 2004. and what has kept our track record so good and what leads to what we'll talk about, the m.c.c. effect, is the subjective view of who's eligible and then the data-driven approach to developing these properties. so the eligibility side of it, how we select partner countries to work with, it's based on these independent scorecards that are drawn from heritage foundation, world bank. objective criteria that b

policy from the standpoint of trying to bring inclusive growth, people up from the bottom which is a world bankm the imf going to the ecb will be? these going to become the president of the european central bank. there's been commentary about that, saying she's not an economist. she's more of a politician. what kind of a sentiment will that bring with her in the chair at the ecb in terms of stimulus? will she buy equities, for example? >> i don't know what her policies will be. but i know that she really is looking to have a europe that can grow faster. you know, they've really slowed and they don't have the policy reforms that would move them forward. one thing i've learned over this 40 years doing development economies is leaders matter and the policies matter. they have a choice of whether they want to change to more growth oriented policies. so one of the challenges is for europe to find that direction and get out of the rut that they're in. maria: you're right. but aren't these issues around fundamental federal policy as opposed to -- talking about national policies, as opposed to of monet

currency from falling further the country isn't talks with the international monetary fund and the world bank about restructuring its debt and so the headlines keep it here on al-jazeera more news to come inside story as that next. we understand the differences. and similarities of cultures across the world so no matter how you take it al-jazeera will bring you the news and current of the matter to al-jazeera. under-fire brazil's president deploys the army to contain devastating blazes in the hour that's come as criticism from the i'm signed is growing along with demands to say the so-called long use of the world but what's triggered this natural disaster and why has it turned political this is inside story. hello there a very warm welcome to the program i'm julie mcdonald the green longs of our planet are burning fires across brazil's amazon a wiping out huge areas of rain forest they're burning out of control in many parts at a record rate and official figures show there's been more than $75000.00 forest fires in brazil and that's just this year alone if they can't be stopped then we may be

and american national heads the world bank coming up next rewind where we look at al-jazeera as 2014 investigation into the construction of boeing's 787 dreamliner stay with us for. thanks. hello and welcome again to rewind i'm elizabeth prochnow oddjob want to rewind a survey visit some of the most important programs and more than a decade of al-jazeera documentaries and to find out how the story has moved on since today we're returning to a film which had a major impact on the world's biggest plane maker in 2019 boeing hit the headlines when they were forced to ground the brand new 737 max after 2 fatal crashes and an asia and ethiopia but this wasn't the 1st time they'd been false to ground a new aircraft type back in 2013 the 787 dreamliner then boeing's newest and most advanced plane ran into trouble midair when a on a flight made an emergency landing in japan after a battery caught fire at high altitude just days earlier a similar problem had occurred on a 787 at logan airport in boston usa the dreamliner a boeing flagship aircraft was in trouble but as al-jazeera as an investi

i would not expect to see that with the other banks, and world bank when we took a look at their numbersey were up five point 9%. for the rest of the bank, you will see somewhere in between the two. even they admitted that they are hitting the flat point and they expect to see a return to growth going forward. shery: is this earnings season going to be enough to calm the short-sellers who are not convinced? doug: i do not think that this would calm down. this is an area they are looking at and it is compounded by the fact that there has been a change in accounting rules and standards. all of the banks and analysts are trying to get around it. it is a lot more volatile number. we will see what the other banks report, but judging by today's performance, it does not seem like most of the investors are worried about it. amanda: we did see royal not changing its outlook, so they are not worried about recession? doug: they did not say that they were worried, but they are doing things that suggest that they are battening down the hatches. they cut their expense growth quite a bit. that tells me

his work with the world bank brought him to washington, d.c. in 1976. in 1967, albert married, she moved to france from morocco. they have three daughters. who have given them 11 grandchildren, ages 24 to 4 years. albert describes himself as a real movie buff, enjoys photography, loves to read and loves to travel. they have been to china and south africa, went to australia and new zealand in 2018, and last month returned from a trip to israel, vietnam, and cambodia. albert volunteers here at the museum, speaking often to classes of students from all over the country, sometimes by teleconference, in which he tells his story. he sits at donor's desk where visitors can talk with him. with that, i want you to join me welcoming our first person, mr. albert garih. [ applause ] albert, thank you so much for joining us and for your willingness to be our first person today. so thank you for being here. >> you're welcome. >> we just have a short hour. we'll get started quickly as we can. world war ii began september 1939 with nazi germany's invasion of poland. th

children from getting an education in brazil most kids do go to school and yet according to the world bank more than a 5th of brazilians live in poverty one key reason is the lack of vocational training which is particularly acute among those living in remote parts of the country's rain forest. in the amazon region things reach local communities by boat even education. brazil's only floating vocational school is headed for the municipality of copied anga. it'll be more here for 3 months. the last students arrive just in time for the start of classes. sabrina the olivera and her cousin undress summarized the farah have traveled for an hour to get here very excited this is the 1st time the school has made a stop in the area. school director rob psychedelia is giving the students a pep talk. take advantage of this strange this is why we're stuck here if you pay attention it will benefit you in normal life both socially and psychologically. sabrina has selected a computer course it's all new to her she's never used the keyboard before. ok. i want to learn this because i don't know anything abo