world bank's renewables in the system. world itank's recent — renewables in the system.wables in the system. world bank's recent reporter morocco says your government has limited amount of cash to play with and i am just wondering if you believe underfunding is going to be there to fulfil this ambition you have? i really don't think funding is the issue and first we have the other big commitment of the new development model is that government will not be the one investing primarily in infrastructure and energy project especially when those projects are bankable. but like you say it is private sector. primarily the private sector. 0ther say it is private sector. primarily the private sector. other than as government is to ensure we facilitate access of investors to investment opportunities and ensure we take the right time to ensure private sector takes the technology risks and the type of risk they are able to manage. fin risks and the type of risk they are able to manage.— risks and the type of risk they are able to manage. on that point, good luck with everything _ able

alsojoining us, moez cherif, the leader energy expert for the region at the world bank.ast, hajar khamlichi, an activist with the mediterranean youth climate network, also board member for the moroccan alliance for climate and sustainable development. all three of you, an absolute pleasure having you on my show. thanks for your time. and moundir, let's start with you, because morocco, here we are in the heart of rabat. morocco is your home country. over the last 15 years, you've been spending a lot of money, investing a lot of money in renewable projects, so let me ask you this — not only morocco but across africa, but if we just look at morocco, moundir, paint me brief picture of some of the developments that you're involved in, and, more importantly, why morocco? why does this country seem to be one of the countries leading the charge in renewable energy? morocco has truly one of the best solar and wind resources in the world, combined, and it is very special. so you know that we don't have oil, we don't have natural gas, but we have a potential that is just amazing. t

only 10 years in the world is literally on the brink of collapse when in 20082009. first the banks in the united states. and then the financial says some of the entire western world threatened to disintegrate. less than the heads of the financial system and western governments had failed to learn. the lessons of the asian financial crisis had they understood the causes of the asian bush fire and fought them decisively. they could have been spared the near collapse of the financial sector. 10 years later, the problem was the speed with which the financial markets acted out of sync with the speed of politics in addition to um, until the us financial crisis in 2007. the lessons from the asian crisis hadn't really been taken seriously. and people felt that doesn't affect us, but it won't affect us between speech and today, where do we stand today? the world is currently facing many crises. how great is the danger that the global financial economy will crash again? our policy makers better able to keep pace with the financial markets today. it's surprising in retrospect, how little was

flying in to come together for the annual conference of the international monetary fund and the world bank. these 2 institutions were established at the end of world war 2 to promote smooth economic growth and to result crises quickly as they occur. the, when the heads of the financial world arrive in hong kong, they can look back on more than 10 you years of strong stable growth. the demise of many communist economies and height and growth in east asia have created a boom. meanwhile, the global economy has moved toward and increasingly intertwines division of labor . the south east asian countries have been contributing strongly to growth in recent years. but for the past few months, the currency crisis in thailand has slowly turning into a massive economic crisis. and now threatens to spread to other countries such as into nature and the philippines. so the participants at the hong kong conference aren't just there to pad each other on the backs. delegates from asia in particular are concerns in our pushing for a joint crisis team. made up of all the major countries finance ministers, th

the world bank and the international monetary fund are headquartered in washington. they're analyses and forecasts carry considerable weights and the international financial world. their assessment for the region in the spring of 1997 is entirely positive. joseph stick let's as the world banks, chief economist at the time focusing on east asia. and he shared this assessment report a more he galloped area policy at the center. they were much more equal societies and the united states was they are focused on governments investing an infrastructure investing and technology investing in education policies that i thought were good policies, sports, united states, the kind of policies i had pushed when i was in the columns with economic advisers at president quit in the 19 ninety's, the same phenomenon could be observed again and again in se and east asia. within the shortest time and bourbon economic culture had evolved with great opportunities for social advancements in just one generation. farmers became engineers. much of the money borrowed from abroad was invested in t

you mentioned new concessional funding from the world bank. is that not what the bank already does?an you give us some details on these new commitments? >> it is a commitment by the world bank to have concessional funding. the world bank is putting in funding that lowers the burden for developing countries. right now it is a stalemate. >> one of the things that you brought to term is world bank president's is time on wall street. you know how these markets work, you know how these banks work. it shows lending demand down, tighter credit. how big of a concern is it? too much capital going to the developed nations. >> it is already having an impact. there is not much credit growth. the concern is this is not cyclical but it is secular. it could continue into future years. new investment is not taking place now as much as what is needed. especially from the developing countries, the capital inflow is going to broaden -- the wrong way. as people out and the rollout of debt that might have occurred in previous years. you are at 0% interest rates. it will take a while for those that have

an economic point of view. our losses of more than 400 billion dollars are accounted for by the world bankounted for by ukrainian institutions, and these losses will increase, these losses will increase in the form of under-received investments the shortfall in gdp and the cost of ukraine's restoration of modernization is exactly like 800 or more billion dollars, the main losses are related to the fact that , according to our research, business activity in our country has significantly declined by 32%. last year, and this year, ukrainian business does not expect significant recovery within 10 years ukraine will need about 50 billion dollars annually to restore the economy, provided the hostilities end and security guarantees, the expert says , reparations and the confiscation of russian assets abroad should be the resources foreign investments and international aid will become one of the key partners in the recovery of ukraine, the world bank announced prime minister denys shmyhal , according to him, there is already an agreement on the implementation of projects in the field of energy, tr

the united states is the largest shareholder of the world bank group, something that's said to give it considerable influence in choosing the bank's chiefs. u.s. president joe biden congratulated banga saying in a statement he'll be a transformative leader who can help carry out the world bank's core mission of poverty reduction including climate change. >>> japanese prime minister kishida fumio has visited mozambique on the final leg of his tour of african nations. he met with the country's president to discuss natural gas development and other issues. kishida spoke with the president for about 90 minutes on thursday morning. he called mozambique an important partner in the drive to promote a free and open indo-pacific. leaders also discussed the resumption of a natural gas project in northern mozambique a japanese trading firm has invested in. it has one of the world's largest natural gas deposits. >>> next, japan and france have fledged to step up cooperation in the field of nuclear energy. the agreement includes the development of next generation advanced reactors. >>> japan's indu

the world bank officially has new leadership. the only nominee has been confirmed by the executive board as the 14th president of the world bank group. he replaces david malpass, who stepped down a year before the end of his five-year term. the 63-year-old is a former president and ceo of mastercard. like his predecessors, he is an american citizen who was born in india, naturalized in 2007. he will be tasked with implement and reforms at the world bank and in particular, helping developing countries tackle climate change. the indian budget airline gopher has filed for bankruptcy and canceled all flights for the next three days. the group which owns the carrier says it is not planning to give up quite yet. the bankruptcy filing underscores stiff competition in the aviation sector as post-flights roars back. >> with travel plans up in the air, passengers vent frustration . they were meant to fly with ultra low-cost airline go first, but the carrier canceled three days of flights after filing for bankruptcy. >> i booked tickets for

the former mastercard chief executive aj banker will be the world bank's next president.d of governors has elected him after he was nominated to the post by presidentjoe biden, he replaces the departing world bank chief, david malpass. spain is known for its many bars. in fact the country has 280,000 of them, according to official statistics, and such is their importance that the country's parliament has agreed to debate a proposal to make borrowers in small towns and villages eligible for special subsidies and benefits. this report from central spain. the rural heartland of central spain. after decades of migration towards cities, these vast agricultural reliant areas of the country are sparsely populated. they've become known as emptied spain. the divide between rural and urban is more pronounced here than in most european countries. 90% of spaniards inhabit larger towns and cities. the rest are here. bell nearly half of spanish towns are at risk of depopulation. among them, this one in the aragon region, population 36. as is the case in so many villages, the bar is the

i just wanted to start with you here at these world bank meetings.what are the three most important objectives that from where you sit now and the leadership role to have, both in deadly tl but in the world economic system? what are the three objectives you have for these meetings? >> thank you, sylvia, and let me say what a delight it is. i really do feel a part of american university. every day, or every other week, bob sends me some email ee other to remind me. it was such a lovely ceremony for the honorary degree. so i feel part of this. i feel like i am with family, and thank you again for having me, sylvia. your passive absolute amazing so it's nice to be able to chat with you this morning. you asked meyo for the three man objectives of coming here. i came for the spring meeting but every time i come to washington i also take the opportunity to check in with ustr, if i can, and sometimes congress if they're in session. i was there two weeks ago because congress is not inss session now so i came two weeks earlier and did my round then. so my fir

, etc., they consider ukraine more as a country with a weak top, but the same world bank when they have such an index of e-e governance and there is an index of the rule of law and this index it shows that a-a our situation with the judicial law enforcement system e-e let's say so in 30 years almost did not change, changed a little, but not significantly, and it is still interesting. this index shows that, for example, the same poland that built its successful reforms in the 90s, it did not build it in an empty place, that is, in their institutions, in particular, there are courts and law enforcement agencies, they already were in some kind of functional, maybe not ideal, but they were, they were functioning before comparing ukraine with ukraine . even in 2020, that is, as of now, we have not even come close to the level that poland had in the 90s, the challenge is very serious and the question is quite non-trivial, we put forward certain definite proposals for how to approach this, one of the basic proposals is that maximum simplification is needed in economic policy, why this max

and now we have a new economy, and so the world bank has a new head of adjaybank. yes ex the head ofster card, well, i will definitely tell you the details a little later, but i will start, perhaps, with the russian agenda. unemployment in russia in march at a historical minimum e, read in the ministry of economic development, the indicator remained at the february level of 3.5% compared to last year, the figure decreased by 60 and the total number of unemployed amounted to 2 million 609,000 people, in addition, according to the report, real disposable income of the population for the first quarter on an annual basis. increased by 1/10% predicts a further improvement in the indicator this year at the level of 3.4% the fed rate has risen by 25 basis points to a new range of 5% to five and a quarter , the regulator has to act extremely. caution because in addition to the fight against inflation, for the sake of which the actual rate increases. we still have to think about how not to provoke a recession and for too expensive money , neuroscience adds to the controversy in congress regar

um, the issue of the i m f world bank is being dangled. and so there's this attempt to basically say, we'll help you with your debt issues. we'll help you with the go. i will do all these different things. if you're willing to tow the same line at the deluxe and become a proxy in the region. so i think the real question that you'd be open to now is whether the government involved the act met. and those around him are going to capitulate to this, or whether or not they're going to recognize that this is a trap. and that's similar to a richard country that of course they've made peace with that. you know, ultimately, if you don't rely primarily on your own needs, in order to develop, you end up in a situation where you're bound by the shackles of the washing making sense as the i am up in the world bank. but it is a tricky situation. it's a huge country, 120000000 people. huge needs that they have right now. and even prior to this more huge needs in terms of i, the peas refugees and just general development again, 70 percent of the people li

um, the issue of the i m f world bank is being dangled. and so there's this attempt to basically say, we'll help you with your debt issues. we'll help you with a go. i will do all these different things. if you're willing to tow the same line at the depot low and become a proxy in the region. so i think the real question that you'd be open to now is whether the government involved the act met. and those around him are going to capitulate to this, or whether or not they're going to recognize that this is a trap. and that's similar to a richard country that of course they've made peace with that. you know, ultimately, if you don't rely primarily on your own needs, in order to develop, you end up in a situation where you're bound by the shackles of the washington consensus, the i'm up in the world bank, but it is a tricky situation. it's a huge country, 120000000 people. huge needs that they have right now. and even prior to this more huge needs in terms of i, the peas refugees and just general development again, 70 percent of the people livi

it comes as indian—born ajay banga is elected as the new head of the world bank — first indian americanities towards helping developing nations cope with climate change our correspondent in new delhi, arunoday mukharji, has been looking into this — he says the timing of the report is significant. that's right and we've been through this in our report out so far and the kind of reactions we've got from various sections of the globe, where they've said that ajay banga is perhaps in many waysjust the right candidate, because there are a lot of expectations. as he is someone who can understand the needs of a developing economy like india, while balancing out the commitment to green energy and also ensuring that an economy continues to grow, because that's one of the major challenges that india has faced, one is funding. and of course because of india's huge reliance on fossil fuels and its attempt to try and foray into alternative means of fuel as well, india remains the third largest carbon emitter and that's why these aspects are all the more important. and as you said, the india central

b in government that thinks the only way to address this is to go to the map into the world bank. and i think that when you look at a go, uh, which is a free trade agreement, which e, b o, b has been removed funds from, but the access to us market that's also being used. the risk tab, the return of the, of the as being dangled um the issue with the i m f world bank is being dangled. and so there's this attempt to basically say, we'll help you with your debt issues. we'll help you with the go. i will do all these different things if you're willing to tow the same line at the jeep yellows and become a proxy in the region. so i think the real question, ethiopia now, is whether the government involved the act met. and those around him are going to capitulate to this, or whether or not they're going to recognize that this is a trap. and that's similar to a retreat country. that of course, they've made peace with that. you know, ultimately, if you don't rely primarily on your own needs, in order to develop, you end up in a situation where you're bound by the shackles of the washington c

explained that the reason why the white spiritual boy accounts were lying around and open sight in the world's banks was because they had been kept off the banks balance sheets. and that the account details were only launched at the bank for international settlements. the central banks bank in switzerland we later wrote to the bank for international settlements, asking for a response to that claim. it has yet to reply. 6 in the hope of getting some clarity about this curious but very confusing affair, we finally got to meet to feel safe. while i was approached by some people, i really thought of it go and i came to them that the west coast. oh boy. and he's actually a look at me funny in asia pleased to have these fucked and the quest that's to, to ship them to the, the, to that tension of this. i'll forward it to you see massacre. we need bridges. we need tams. we need how about, i'm thinking about big things we try to find out of that private business. if there's a possibility that this is a skin, i'm the number one in hunting discussed. how did you find out of that there could have been mismanage

coming up next as the world bank and european investment bank divest from africa, russia and china are moving in. we'll discuss it when we return, sit tight, the m o will be right back. the a the 6 is sort of the code we're getting a great many western visuals obsessive by and mark out loud or subtle. ukraine is merely a small puzzle piece of a much more grandiose agenda, the welcome back to the m o i manila chance. so as wealthy western institutions attempt to push africa towards green energy, africans are pushing back and j. i you thank you for sticking with us. so the entire sub saharan region produced is just about point 55 percent. that's less than a full percent of the world's carbon emissions. yet both the european investment bank and world bank have chosen to div fun developments in africa in favor of what they say combat and climate change. why and how do you view this move by them? and that is a great injustice that you can do to africa. and that's the most important realize that their cost of funding it gains coming in to african force or fuels. it's usually natural gas proj

and world bank have chosen to div funding developments in africa in favor of what they say combat in climate change. why and how do you view this move by them? and that is a great injustice that you can do to africa. and i think most people don't realize that their cup of funding it gains coming into african force or fuels, especially natural gas projects. when we needed the most dual credit, natural gas by products, uria, ammonia in the k pretty lights of plans that can drive traffic of bush jobs generate opportunities. africans have been shut out, africans are being cut out and this is really hurting africa. the most. that is hurting, and western countries take, for example, the pop pressing these on how the, how, how we've been approached by ideas. europe declared, the gas is green. and so the big, big now you've gas is green for europe. why did not green to africa did getting funding from the senior opinion, investment banks with the same western financial institutions when he comes to europe. but when he comes to the poor people of the world, leaving in africa, gas is bad for, f

will come within the hill ukraine project, which the cabinet of ministers is implementing with the world bank group, these funds will help in reconstruction destroyed hospitals and the purchase of new equipment , an important element of the program is the improvement of the efficiency of the provision of medical services in the de-occupied territories, in particular, the equipping of hospitals with alternative power sources , the prospects of joining the eu, we are actively cooking together with europe, the 11th sanctions package against russia, we discussed our political prospects in european integration, of course we also discussed the export dispute with our neighbors in the eu , we have to resolve it in the clear spirit of the existing contractual basis between us oleksiy borychenka , candidate of political sciences, welcome to our broadcast, oleksiy good morning good morning good morning, friends, and european politicians do not want to talk about the content of the 11th sensational package, but we are free to think, because we can only guess from those little things that we hear in the

2022 is nine billion hryvnias , that's a lot, according to the preliminary calculations of the world bank , in your opinion, will they contribute to such a field or will they be interested abroad. for ukrainians to return and study in ukraine . it seems to me that it is absolutely acceptable because it is a part of human existence. i think that every person, every father and mother , understands the horrors that children in ukraine are going through, so donating for education and helping children is a worldwide action. i also now i want to talk about you personally because you conquered hollywood in your time. i apologize enough . well, you are young. you are 25 years old and you are already a star there, and the question is whether ukraine managed to conquer hollywood as a country or in hollywood they know about ukraine, but as of now, of course, i think not only in hollywood they know about ukraine and all over the world hollywood should not even be the goal of ukraine to be known there because with our actions we talk about ourselves all over the world and we inspire them that's why i

that's less than a full percent of the world's carbon emissions. yet both in european investment bank and world bank have chosen to div fun developments in africa in favor of what they say combat and climate change. why and how do you view this move by them? and that is a great injustice that you can do to africa. and that's the most important to realize that their cost of funding it gains coming in to african force or fuels. it's usually natural gas projects. when we needed the most, you'll get a natural gas by products uria, ammonia, and p k for july to plans that can drive traffic of bush jobs to generate opportunities. africans have been shut out, africans have been cut out, and this is really hurting africa. the most that is hurting, and western countries take, for example, that he bought pressing these on how the, how, how we've been approached by ideas year of declared the gas is green. and so the, the big now you've gas is green for europe. why is it not greenville africa, the getting funding from the same your opinion, investment banks with the same with the financial institu

the trend is all in the, in the world bank. i am. if the board 10 years have passed, nothing has changed in the ideal the she is the we have last for the ascent it belong up. you're going to get it and back then international reserve is $27000000000.00. oh, well, a lot of the corners wrote him as a now, well, there's a cumor part out rid of the visiting that they may go to the great britain and ask for money, the picture to increase the amount of reserves all commit to this on the edge of the day i on the phone that says everything, the thing about the emotions rios is the cause instead of from that one drug will go with confidence along the way. we have chosen the real good idea of brothers and sisters us, that the head of color, security, and stability to the principles for the successful development of the country. although the security and stability hold on me go to to me, won't keep defending these. first of all said, raising his power full sir the mean built on these 2 things. you know to base these tom old up to the tip echo.

russia returned to the top ten largest economies in the world according to the world bank and nationaltatistics services last year, our country produced goods and services worth 2 trillion 300 billion dollars, which allowed us to take eighth place in the global ranking. the last time the country was in the top ten in 2014, then it was ninth. in addition, the level of external debt in relation to gdp has updated its historical low of 16.6% , while in russia it has dropped out of the list of countries with the highest inflation. sberbank opened the first branch in the crimea, an office appeared in the center of yalta , soon similar service points will appear in all major cities of the peninsula. the first branch after this office is planned to be opened in sevastopol in just a few days, and then they will be opened in all cities of major cities of crimea, uh, and. i think that by the end of the year our atm network will exceed 80 units here in crimea it's a big number and big new opportunities. in addition, we have all online services without exception, including sberbank online to all c

he's been a leading voice on the role and future of the world bank group and u.s. leadership in the multilateral. prior to csis he held leadership roles at the u.s. agency for international development and the world bank group earlier in his career. he also worked in commercial banking at citibank in argentina and investment banking at what is now deutsche bank, danske the american imperative reclaimed and global leadership through soft power is the first decade. its first book in decades to look at america's power through the lens of great power competition. it calls for supporting broad based economic growth, supporting good governance and anti-corruption, long term training, differentiating our approaches in middle income countries, and fragile and stronger u.s. leadership in. the multilateral system. dan, i want to congratulate you on a great book. it's been a it's been a long and i'm very proud to host you today. so welcome and why don't we dive right in? thanks. thanks, connor. thanks for having i'm really pleased to be doing this this has been a long time co

and so the united states plans to contribute another $250000000.00 to the pandemic fund at the world bank. to make sure the world is better prepared to prevent, detect and respond to future pandemic where you 9 and our commitment to climate action and accelerating the transition to a global clean energy economy. by investing in the industries of the future were united in our push to build a more resilient, inclusive global economy that can better withstand the kinds of shocks that we've experienced over the last few years, including by building a more secure and more diversified supply chain is through the partnership for global infrastructure and investment, which we launched last year at the g 7 summit in germany. and we've addressed the infrastructure needs that are holding back to many low and moderate income countries. particularly in the global south. united states has already mobilize for the 1st a $1000000000.00 in p g. i projects around the globe, a significant step toward our, our collective pledge of the g 7 to mobilize $600000000000.00 investment by 2027. and we resolved to re

but argentina seconds, in a world bank, ranking of countries with the highest inflation, it had almost 109 percent last month. and this sort of environment, paying for every day needs, becomes a huge problem for people and running a business extra challenge. it may look like business as usual at this to factor in the bonus hours area, but it's not argentina's. rampant inflation is making everything more expensive and the situation has never been this bad and decades. says factory own a horton cup panel then. okay, so like what are the so from what i remember this is the worst moment for the footway industry. apart from the economic opening in the 19 ninety's as the worst time ever in terms of salary production, that is the worst time for everything was at the moment. origin. tina's pay so has fallen sharply against the dollar. the countries inflation rate was over 100 percent in april. i mean, the probably that is my suppliers. they billed me and pays us. the prices change daily. now this price list sometimes from import and suppliers that we get daily updates for that is twice a week

based company that tries to keep thousands of major companies, including more than half of the world's biggest banksn, a real pleasure having you on the show. and matt, let's start with this. just how dangerous is the digital world right now? yeah. great to be here. so, when we look at the digital world, it's really moving at such a rapid pace that the complexity of protecting those environments is becoming increasingly more difficult. and so as we look at the digital innovation or digital transformation of organisations, companies and governments, we see this effect of an ability for hackers to innovate and come at us in all new trajectories. well, let me ask you this again, just for the uninitiated, and if you can put a number on it, you know, how many types of cyber attacks are we talking about that are out there? i think when we when we talk about attacks, we can talk in the numbers of of hundreds of thousands, if not millions, in terms of how much is really happening on a daily basis, for sure. the thing we hear most about in the news these days is ra nsomwa re. and ransomware as a service is s