they are the third-biggest shareholder of the world bank after the u.s. and japan, so we are interested in them from that standpoint is a major shareholder, but also they are major lender into the developing world. and we have worked closely and push forward on transparency of those contracts. i think that is a critical starting point. we also work heavily and closely with the u.s. and other creditors around the world to try to have debt restructurings. for a lot of the developing countries, that is the biggest need and source of funding, to get a break on the debt payments going on. we see that around the world, the importance of debt reduction as a way to target new assistance for countries, so we are working in pressing china, and with europe, on how to move forward in transparency, and that gets straight to your climate point. as you do an infrastructure project, it is important to disclose the terms of that and what it will achieve. if you say it will achieve a massive increase in greenhouse gas emissions, then do not do that. the world bank, you know

of the world bank. and it may have something to do with his refusal to bend to john kerry on climate change. we'll tell you the back story there. first, as you know, we are getting very close to the mid-terms as we get inside six weeks. very tight in these races. once again, it could come down to that number of places but could come down to georgia where herschel walker is gaining on the incumbent, raphael warnock with this sort of straightforward approach making headlines. he said this at an event over the weekend. this is sort of the new, you know what we're hearing from him right now. he's saying i'm not a politician. i'm not the smartest guy in the world. what i do know, i know how to protect my family and all of you are my family. i know how to budget. you don't spend money you don't have. they're spending all the money they don't have. he talked about student loans. very interesting. getting a lot of attention today for herschel walker. we'll have more in moments with the georgia race. first, to n

is a global story, it's not just the fed that has a meeting and decision this week, global banks around the worldlso have a decision. shery: we are talking almost 20, right? ed: in the crypto market, there is definitely some central-bank anxiety out there beyond what we see in other risk assets like the equity market. in the u.s. 10 year, 3.5%. first time since 2011. i think we are at the highest on the two-year curve since 2007. so we are embracing. haidi: we will quiz you on all 20 of them. just you wait. [laughs] ed ludlow there in the studio with shery. let's get more from bloomberg's jack pitcher. what is the reason we have seen credit largely holding up better than equities? jack: a couple of questions for -- a couple of reasons for credit outperformance illustrate. a lot of it has to do with that leg higher in treasury yields. robert hurt -- u.s. high-grade bonds hit higher highs since 2005. think pension funds who are trying to walk in funding, or foreign buyers from europe or japan who are looking for much higher yield in the u.s. than their home base. he also had higher corporate supply

ah, ah, the world bank cuts the economic outlook for the asia pacific region. would china lagging behind the rest for the 1st time in 3 decade? also on the show, the recent floods in pakistan caused widespread suffering and destroyed wheat. harvest are set to make that worse. this is the w business. i'm janelle dumas on a welcome. china economic growth is set to fall behind the rest of asia. for the 1st time since 1990, according to the world bank, it expects the chinese economy to grow 2.8 percent this year. nearly half of what was previously forecast. the slowdown is morally largely due to a downturn of the property market in beijing. 0 cove and policy, the world bank cut it's forecast for the asia pacific region as a whole. to 3.2 percent. we're joined now by our china analysts, clifford kuhn and good to have you. so in more evidence that the world has turned upside down, the rest of asia, clifford is doing better than china. what are the prospects of the chinese economy now.

now, yes, i know it's not just the world bank talking about a global recession. what more can you tell me? yeah, it's not just them economists, sir, ringing the warning bell, but to him also, and some of the big business leaders some here in the united states, the latest him and may be a biggest example so far. is the c o off for fedex, the logistic a giant, and he's saying that we are heading towards a recession. and when it comes to his company, they announced their latest earnings report that was way shy of expectation cc's. so weakness, especially in asia, but also in a europe, partly because of the supply chain issues, civic cause of the locked balance. but that does not seem to be the only problem, and actually the stock or federal express the dropped here in the friday session by more than 20 percent. okay, well, yann's, we're talking about reduced volumes of deliveries here. it sounds like a concrete example of prices hitting on demand. where else are we seeing examples of economic weakness right now? they're kristi in one another system. actually. fittin

also coming up the world bank president warns of recession, dangers in europe and developing countries, while the bank of england takes emergency measures following the u. k. government, many budget russia cause a un security council meeting after gas leaks on its nord stream pipelines and rejects accusations from some you countries that it is to blame. also runs, president says the death of masa means after her police arrest is a tragedy, but warns protest is against further violence. ah, so in florida, hurricane ian has weakened from a category 4 to 3 storms since it may landfall on wednesday. but with winds hitting a 185 kilometers per hour, there are warnings. it can still do catastrophic damage. more than 2 and a half 1000000 people have been ordered to move nearly 2000000 or without power. streets are flooded in parts of the state and emergency services say some people are trapped in their homes. id show, castro has more with wind speeds talking 250 kilometers per hour. hurricane e and ripped across florida's gulf coast. wednesday afternoon. waves turn streets into rivers, florid

now the world bank is supposed to be about fixing world poverty and hunger.e with more. edward? reporter: cutting through the noise the president of the world bank david malpass he believes greenhouse gases do contribute to climate change but he says he is not going farther than that because he is not a scientist. he is not. he is an economist. what the whitehouse would like malpass to do to become advocate for more expensive green energy technology. for world bank to give money to pour countries to abandon fossil fuels. that could cause higher loan defaults. here is the pressure campaign. >> we disagree with the comments made by president malpass. we expect the world bank to be a global leader of climate ambition and mobilization as well. of significant, of significantly more climate finance for developing countries as, is the business of the world bank. reporter: treasury spokesperson tells me we expect the world bank group to be a global leader of climate ambition and mobilization of significantly more climate finance for developing countries. malpass says

we spoke to an a piano president of europe and central asia at the world bank, asking her which sectors or projects should be prioritized for a quick recovery. first and foremost, we need to do what we've been doing, which is to continue to support the government of ukraine in their delivery of cor, essential services to the population. and him talking about health education, social pension, and also support to internally displaced. but we also need to focus on activating the economy, and that's the recovery and reconstruction part. and here we would very much like to focus immediately on helping you couldn't prepare for the winter. so this isn't showing, there's enough sources of energy for heating, but also for industry and for businesses. and thirdly, a very important part of your current economy is agriculture. and here again, a lot of efforts is being put forward to help farmers for the next planting season . but also making sure that the infrastructure entered just 6 in the countries such that there's access to market by the farmers. and finally, i can only emphasize human develop

for the 1st time since 1990, according to the world bank, it expects the chinese economy to grow 2.8 percent this year. nearly half of what was previously forecast. the slow down is lauraly, largely due to a downturn of the property market in beijing. 0 cove and policy, the world bank cut it's forecast for the asia pacific region as a whole. to 3.2 percent. we're joined now by our china analysts, clifford kuhn and good to have you. so in more evidence that the world has turned upside down, the rest of asia, clifford is doing better than china. what are the prospects of the chinese economy now? what's funny, have you gotten so used to china being the.

you figures from the world bank estimate the initial cost at a $100000000000.00. and that was just on during the 1st 3 months of the conflict, housing and transport, commerce and industry were the most affected sectors. most of the destruction took place in the regions located on the front lines of the war barnett's hands, hockey and his apertures year. in addition to areas which the ukrainian army has now liberated the world bank projects a tenfold increase in poverty with a round one in 5 ukrainians expected to fall below. the poverty line report also shows it could cost nearly $350000000000.00 to rebuild ukraine. we spoke to an a piano president of europe and central asia at the world bank, asking her which sectors all projects should be prioritized for a quick recovery. first and foremost, we need to do what we've been doing, which is to continue to support the government of ukraine in their delivery of cor, essential services to the population. and here i'm talking about health education, social taking at pensions, and also support to internally displaced. bu

ah, ah, the world bank cuts the economic outlook for the asia pacific region. would china lagging behind the rest for the 1st time in 3 decade? also on the show, the recent floods in pakistan caused widespread suffering and destroyed wheat harvests are set to make that worse. this is the w business. i'm janelle dumas on welcomed china's economic growth is set to fall behind the rest of asia. for the 1st time since 1990, according to the world bank, it expects the chinese ca need to grow 2.8 percent this year. nearly half of what was previously forecast. the slowdown is lauraly, largely due to a downturn of the property market in beijing. 0 cove and policy, the world bank cut it's forecast for the asia pacific region as a whole. to 3.2 percent. we're joined now by our china analyst clifford kuhn and good to have you. so in more evidence that the world has turned upside down, the rest of asia, clifford is doing better than china. what are the prospects of the chinese economy now? what's funny, have we gotten so used to china being the leader and the strong growth

associates founder chief investment officer lewis inactive legreat to have you here the warning from world bankr that the global economy the world will be in a recession next year. parts probably already are because of central banks raising rates jerome powell and company next week. >> absolutely right i am in the camp fed should do 100 basis points next week, whether they do 75 basis points or 100 basis points is not it, there is still behind market rates, and then, so we probably have to have a rate grief in november and december hopefully will be done about it market rates have shot up, the treasury yields actually started rallying mid-june thinking inflation could cool off, now this not cooling off, falling energy prices, so we got quite a mess fed can never fight market rates shum rates highest since 2007 mortgage rates highest since 2008, fed has a lot of catching up to do. cheryl: john lonski. john: i can't help but notice this economy slowing down world economy is slowing down, eventually this is going to slow price inflations might lead to price discounting. perhaps we should have noth

we spoke to an a be under the president of europe and central asia at the world bank, asking her which sectors all projects should be prioritized for a quick recovery. first and foremost, we need to do what we've been doing, which is to continue to support the government of ukraine in their delivery of cor, essential services to the population. and here i'm talking about health education, social safety net pension, and also support to internally displaced. but we also need to focus on activating the economy and that's the recovery and reconstruction part. and here we would very much like to focus immediately on helping you prepare for the winter. so this is ensuring there's enough sources of energy for heating, but also for industry and for businesses. and thirdly, a very important part of your current economy is agriculture. and here again, we need to make sure that the human development and the human capital of the country continues to be strong because they're going to need skills in ukraine to be able to meet the needs of recovering reconstruction. and so here i would emphasize aga

and representatives of the ministry of economy have already agreed on a division of the world bank for the first insurance, it is very small, it is 30 million us dollars with the prospect of increasing this program to one billion us dollars , that is, there is money, there is a very important trend - it is respect and the desire to work in ukraine because ukraine is fashionable now, unfortunately, not under the circumstances, it is possible. whatever we would like, but it is like this, and our business must take advantage of it. the third issue is technology, it is access to technology, because we know large ukrainian campaigns for our farmers who are ready to go into projects, but they need foreign technologies, and we are currently talking with investment funds about funds and how to involve companies from their investment portfolio in cooperation with ukrainian companies, and so , for example, on september 29, in two days, my government the office is holding an online investment fair , the agricultural sector is in great focus. i invite all ukrainian agricultural companies to su

there is a risk, one of a number of scenarios the world bank has put forward, that we could go into at is where income per head around the world declines clients for a significant period. that does not happen very often, there have only been about five global recession since the �*70s, but the world bank thinks there is a significant risk of that happening now. here's the problem with interest rate rises, they are designed to curb demand and what happens is you increase the cost of borrowing, that means people have less disposable income, they are likely to spend less and that takes the heat out of prices, the issue at the moment is that the problem is not one of demand, it is of supply. so by increasing interest rates, you might not have that much impact on inflation, because the main feeders into inflation at the moment really are energy price rises. there is concern that interest rate rises might not be that effective and a number of people around the world have been saying that. what the world bank is saying is not that interest rate rises per se are a bad thing, it says central b

hike president biden vowing to get control of inflation we're going to ask the president of the world banktake >>> and a solemn day in great britain as the nation and the world bid farewell to queen elizabeth ii we will take you live to london for the latest >>> the second hour of "squawk box" begins right now. >>> good morning and welcome back to "squawk box" right here on cnbc. i'm andrew ross sorkin along with becky quick and joe kernen on this monday morning and u.s. equity futures are looking in the red show you where things stand right now. dow off about 245 points the nasdaq off about 101 points. down to 99 points. the s&p 500 looking to open off about 31 points. all of this on the back of increasing treasuries. let's show you where things stand right there. you're looking right now at the ten-year note of 3.94. the two-year closing on 4% right now. joe? >> that's right. and funeral services continue under way in london for queen elizabeth ii steve joins us now with more hi, steve. >> yeah, hi, joe we're just at the final points of the state funeral now as i speak to you, they are p

difficult questions looming i mentioned early that the world bank, former governor of the bank of england mount in the days to come. thank you very much to see you. _ the american rapper coolio has died in los angeles at the age of 59. coolio, whose real name was artis leon ivyjunior, was a leading figure in the west coast rap scene of the 1990s. he had a string of hits, including gangsta's paradise, which topped the us charts and won him a grammy. our music correspondent, mark savage, reports. music: gangsta's paradise coolio, one of the first rappers to balance the dark and gritty stories of street life with a pop sensibility. # as i walk through the valley of the shadow of death # i take a look at my life and realise there's nothin' left... born artis leon iveer in pennsylvania, he moved to the los angeles suburb of compton when he was a boy. after his parents divorced at the age of 11, he fell into the gang lifestyle and spent time in prison before he turned 20. he poured those experiences into gangsta's paradise, one of the most successful rap songs of all time. featured in the miche

and as of right now, the world bank is estimated that the brain would need $350000000000.00 to recover its economy. so we have to differentiate between military success and what you presented pious to do. and then the lasting peace because that could potentially descent into cows. if the government loses control of those territories, if it cannot provide for the people and those territories, that verena miran from king's college london. many thanks indeed for your insights . thank you. let's turn our attention now to lebanon, which is in the grip of a massive economic crisis that has prompted banks to impose massive restrictions on withdrawals. the country's currency has lost more than 90 percent of its value in the black market in recent years, while unemployment and poverty reach severe levels. people desperate to get hold of their savings have now taken drastic action. ah, after days of pleading for access to his savings, abed su bro took matters into his own hands. armed with a pistol. he entered a bank in the lebanese capital of beirut and spock to stand off. that would last 4 hou

for the 1st time since 1990, according to the world bank expects the chinese economy to grow 2.8 percent this year. nearly half of what was previously forecast. the slow down is largely due to a downturn of the property market in beijing. 0 cove and policy, the world bank cut it's forecast for the asia pacific region as a whole. to 3.2 percent. we're joined now by our china analyst clifford kuhn and good to have you. so in more evidence that the world has turned upside down, the rest of asia, clifford is doing better than china. what are the prospects of the chinese economy now? what's funny, have we gotten so used to china being the, the leader and the strong growth figure is coming from there? i think there's a lot of challenges facing the chinese economy right now. we have the 0 cobit policy. as you've mentioned. this is interesting when you compare it to other countries, which have also had quite strict covered policies, but seem to have managed a better without the shut down that they've had in china, which of course played havoc with with the economy. there's $23.00 countries in th

amy: you are part of a protest outside the world bank stuck in explain why? was in washington for two protests yesterday. one on capitol hill abouthis giveaway to big oil and the other outside the world bank. there is a broad coalition, again, led by moderate -- al gore has really be in the lead of it, trying to get ahead of the wod bank fired because he is not taking climate change very seriously. in fact, last week in an interview in new york, with "the new york times," he was given six opportunities to say global waing was rl, that huns we heating t planet. he passed every o of them finally saying, "i am not a scntist." which is about as tired and lame a dodge as is possible to imagine. yesterday morning, a lot of us showed up at the world bank and we started reading all morning the actual peer-reviewed science footnotes and all outside through microphone so he could hear what scientists think. the idea you need to be a climate scientist order to take action on any of this is nuts. you're going have a bona fide climate scientist on in a minute and i think

a of the world bank, or are they work in tandem in partnership? i think they work in tandem. china is becoming a big creditor. so in a sense, emerging markets, especially those that have not been able to act the financing from the i, m f or emerging countries that have been frustrated with a lack of progress in the m. s. in terms of representation of emerging markets within the fund. they are increasingly, or they have been increasingly turning to china as an alternative, so in, in a sense it is competing. but of course, the nature of chinese aid is very different to that of the m f. the magnitude of both them project, both enrolled in infrastructure investment to date is of course smaller compared to what the m f has done given is longer track record. so for me and for emerging markets in this more complex environments, i think it's important that both are working in time them to, to minimize risk with some nations now struggling to, to pay back the debt to china. what does that mean for the belt and road initiative and, and could china spec scal

ah, the world bank says that lebanon's economic crisis may be one of the 3 worst mountain time said it's left 1810 people, paw many liberties people can't afford basic necessities. of those who have life savings in banks can't access them. withdrawals have been limited since the financial meltdown began in 2019, now desperate to positives, a robbing banks across the cash strapped country to get hold of their own money. so how did lebanon get to this point? well, successive liberties, couple months, which are accused of corrupt and mismanagement, wrecked up huge debts in 2019, it became clear that the state had no capacity to finance its debts, including the countries, commercial banks. lebanon's financial system is estimated to have lost more than $70000000000.00. and bank say they don't have enough dollars to pay. deposit is they've imposed informal capital controls and offered savers with us dollar accounts, liberties, lira to withdraw their money instead. but the local currency has lost around 95 percent of its value since the crisis started. and the countries g. d p plunged more than

and the central bank came to facilitate the financing of such a scheme whereby the act that people to put their money in lebanon when interest rates are higher than other places in the world. and in fact, the banking sector got so read into this where they actually invested 70 percent of their portfolio into the state central bank and the government. and hence mismanaged our own money. and led to this major fun to scheme which ended up, you know, what the talk to the financial and social kind of apps if you're talking about. so there's a lot of people to be named here, the political establishment, the government, the parliament has also failed to do anything. i want to in fact fascinated this by hijacking economic reforms as well. the central bank was the architect of this policy and the banking sector, and you know, they benefit that the most of this, you know, and they made a lot of profits before the crisis at our expense. all right, so here's the $1000000.00 question. how does lebanon get out of this financial mess? so the prescription to get out of that message is very clear here. the are there or not is clear the set of policies that need to be in place. ok are clea

it's one of a number of scenarios that the world bank has put forward that we could go into a global lobal recession since the 19705, but the world bank thinks there is a significant risk of that happening now. here is the problem with interest rate rises. they are designed to curb demand. what happens is that you increase the cost of borrowing. that means people have less disposable income. they are likely to spend less, and that takes the heat out of prices. the issue at the moment is that the problem is not one of demand, it is one of supply. so, by increasing interest rates, you may not have that much impact on inflation, because the made feeders —— main feeders... into inflation at the moment really our energy price rises. so, there is a concern that interest rate rises might not be that effective. a number of people around the world have been saying that. what the world bank is saying is not that interest rate rises per se are a bad thing, it says central banks need to do this, but it says that they should put their positions very clearly, and that governments should take accoun

to 336 points fedex is among those issues getting banged around, again it's one thing when the world bankon, it's another when fedex says it's already here and it's going to be a doozy, not only here but across the world, that stock down more than 20% transportation average sliding even more after this. ♪ .. .. ♪ you know how i feel ♪ (coughing) ♪ breeze driftin' on by ♪ ♪ you know how i feel ♪ copd may have gotten you here, but you decide what's next. start a new day with trelegy. ♪ ...feelin' good ♪ no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, visi

and others and it just -- larry: by the world bank?ind of reminds them what's happening in this country, you know, david malpass made a shot at the world bank also for not embracing climate change. larry: no, no, he has a four- year term, they cannot touch him. charles: he's coming out now saying he's not a climate denyer the point i'm trying to make is you alluded to it. there's so much pressure, so much political pressure to do the wrong thing and i worry, can we get that? i mean i give liz truss props like you did. can we get back there also as a nation? larry: it depends i think the cavalry is coming in november. i like this commitment to america they put out. by the way it has a supply side policy and lower taxes and deregulation and a more balanced energy policy. that's exactly what we should be doing here, so look, in a sense, charles, in the last few years, the left and the far left have had their way. they've had their way in the united states, in britain. i know boris johnson is a friend of mine. he governed like a labor guy

dani: world bank president david malpass giving his thoughts on the inflation problem in china. s a big week for central banks. in number of players had to reveal their latest rates. first, it is the turn of sweden's bank which kicks off proceedings later this morning. joining us now to help us set up for the week is esther reichelt from commerzbank. thank you for joining us. it is a lot from the fed to the boe. where do you see the most opportunity for surprised, the most misalignment on this market pricing? esther: maybe not misalignment, but the biggest uncertainty is to how the fed will address its projection. it is not the rate hike. there is the potential for surprise whether they hike 75 basis points or even 100 basis points. the most important thing for the fx market is what they are showing afterwards, the outlook. dani: i want to take you into our charts because valerie, our markets editor, made this good one showing what it looks like in terms of financial conditions. financial conditions actually at this moment are looser than when they did the first hike in march. ho

reforms in 2019 people protested against corruption and government plans to tax what's up cause the world bank says political graft has driven the country to near bankruptcy, in march 2020 lebanon defaulted on its fine debt. the country lost the dollars. it relied on and banks closed their doors. levin is also struggling to recover from the beirut bought explosion in 2020. ah, let's bring in our guess from beirut. we're lead bardeen, media analyst and political activist from anti of france has an armored, highly financial and economic expert, also from beirut, salmonella, that director of the levant institute for strategic se affairs. thank you all for joining us. what did deposit, those are determined the want to withdraw their savings? the government is saying it cannot allow that to happen because they just insert about capital flight. where does that leave lebanon? actually if you remember when you were just talking, calling for a capital control in november 2019, nothing happened. we don't have it. so unknown for the banks and backed by a central bank, are holding the money deposit off th

that is, these are personal negotiations of president zelensky with the leadership of the world bankl monetary fund and the leaders of the main donor countries that provide us with this funding and in order for these negotiations to give us a guarantee that we will get three billion dollars per month will be given, and the council is going to speed up the consideration of the state budget and, unlike before, according to the schedule of the budget code, adopt it by the end of november and do it already in october so that we show this budget that has already been approved not as a project to international partners and that we reach these agreements but we understand that we will not be able to say fin forever, that is, the war will end , our economy is in ruins and here ivan correctly said that the next stage of international aid is the actual construction with the help of the new economy, that is, we do not need to continue to eat this money, as soon as the war is over, we need to use this money to build new factories, create new jobs , and this economy will fill our deficit of the b

what has been the response from the world bank and imf specifically for disaster relief?the world bank has repurposed some $300 million for giving support to pakistan for disaster management and flood relief. so, we welcome and appreciate it. so, -- and the imf i understand is right now thinking about how they can cut off some money to support pakistan's endeavors. they have been supported by and large. right now, i think they should -- we should have some funds. also, they will all have to be repurposed. so, the have been supportive. more support will be forthcoming. >> a final question. how can the person watching you on tv know where to send donations? >> the best place is the embassy account we have. this money would go to our national checkered. it would go to the institutions which are providing relief to the flood expertise. then there are many other organizations, a list of some of them. i don't know if we can shed that list with you. organizations being granted by pakistani-americans. based on organizations and the u.n. organizations, the red cross here in the u.

indeed engaged with the african development bank with the as off process, the development, the world bank, and so many other development edgy agencies who indeed understand today that we need to maximize that impact, namely in areas affected by on conflicts. which as a reminder, your audiences are the most affected by the food prices. so being serious requires concerted efforts. more people around the table, including those beneficiaries of the services to help us detect what kind of plans are necessary to tackle today's food problem. or what other humanitarian challenges is the car or is the continent facing right now, and how do they tie into that food crisis that we've been discussing? well indeed, if you look at statistics over 25 countries today are bleeding, are in context of on conflicts of violence, of continued internal displacement. you know, when people in this space, internally they become, they don't become agents of change, they don't become an agent of positive change. that's why the icbc and its partners from the national societies of red cross and the red crescent movemen

but the fed is the world central bank because the u.s. dollar is the world's reserve currency. for the rest of the world, the kind of levels the fed is going to go to look very dangerous indie. especially for sustained currency weakness and the pressure that that puts on asian economies, asian currencies. in that situation, why buy em etf's? if you are going to buy stocks, why not go into american stocks that might be passed in the american markets, that might work better in this situation? both sets of shares look cheap. u.s. and em, relative to the expense of levels investors have become use to. when the fed is concentrating on finding america's problems -- fighting america's problems, when the dollar keeps rising, that sucks money into u.s. assets, including stocks, and out of the most vulnerable, em's . probably doesn't help by the fact that there has been a reluctance to go into europe. there has been a lot of outflows to europe, both em and dm, earlier in the air, given what has been going on. the vulnerable area is the em etf's, and the money getting sucked out of that,

m f and world bank. and they are, they going to create a new kind of an economy on different lines from the west. that really is what the question is. and so europe is giving a demonstration of how not to run a country. and i'm, i hope that other parts of the world are looking at this and say, there is an alternative, margaret thatcher was wrong. and a, russia, china, india, and other countries to create an alternative set of institutions independent from dollar diplomacy. i think that's very much already happening. we have bricks and so many other organizations that it's, it's in to time. and this is a, an important catalyst to move it along further because it, because of sanctions and secondary sanctions, nobody wants to get involved in that. you know, the, the, the fee on that comes out of washington only serves their interests and no $1.00 else is just, you know, is there any way, hey, i, maybe this is a silly question, but is there any way back to undo this on ring this bell was craven choice, the e

while it is collecting money for so-called quick repairs for damaged schools and hospitals, the world bank needs to patch up the income , it is necessary to insert windows, doors, and such objects are currently verified for three commas and 4 billion dollars , as of yesterday, the world bank has already created a trust account for the great construction of the state, not only will panovych build bridges in the de-occupied territories, but he will also build fortifications there so that russia does not stumble again olga chayko and volodymyr kovalenko ictv facts - the only news is the news on this moment the marathon the only news continues the night address of the president of ukraine to the ukrainians ukrainian women just returned from kharkiv oblast from our kharkiv oblast from the areas that were liberated today almost the entire area to the occupied it was an unprecedented movement of our ukrainian soldiers succeeded again to do what many thought was impossible only in the first day of active operations, our troops advanced 19 km in 5 days with battles, they traveled 110 km in total, w

and representatives of the ministry of economy have already agreed on a division of the world bank forinsurance, it is very small, it is 30 million us dollars with the prospect of increasing this program to one billion us dollars, that is, there is money, there is a very important trend, it is respect and the desire to work in ukraine because ukraine is now fashionable, unfortunately, not under the circumstances possible. what we would like, but it is so, and our business must take advantage of it. the third issue is technology. access to technologies because our farmers know large ukrainian companies that are ready to go into projects but they need foreign technologies and we are now talking

by preparing the report, we spoke with the world bank, the international monetary fund, the officials of the european union, germany and the united states, and we believe that the reconstruction should begin while the war is still going on. and when we talk to ordinary people and even politicians, they say how is this possible . it is not yet known, the ukrainian government is talking about 750 billion. some ukrainian scientists say that 100 billion is needed immediately. to be honest, such figures scare off donors because they are very large. at the beginning, a large part of the funds will come from the usa, but we say that there will be a lot of funds. the eu will consider joining the european union. officials the eu is understood in theory. but i am not sure whether they understand what sums are involved in their world. you say a lot that the european union should play a leading role in the economic recovery of ukraine and even already now give guarantees for ukraine to the imf, similar to those received by greece at one time, is europe ready for this? to be honest, they do not kn