her comments were made ahead of the imf and world bank's spring meetings, which kick—off today in washingtonr north america business correspondent samira hussain is there. high inflation continues to plague countries around the world. central bankers are raising interest rates to try and slow down those price increases. as a result, however, is we have some of the weakest growth projections by the international monetary fund since the 1990s. now, with the world's finance ministers and central bankers all meeting in washington this week, the increasingly fragile global economy will certainly be the focus, along with ways for countries to try and mitigate some of the negative impacts of those interest rate rises. now the high inflation, however, is already having an impact on poorer countries, pushing them further into financial distress. given the uncertain global economic outlook, the imf believes that many more countries will be looking to the imf for help. let's discuss this more now with cornelia meyer, an independent economist based in switzerland. the imf is forecasting weak global grow

the comments were made ahead of the imf and world bank spring meetings, which could lead that kicked on monday in washington. our north america correspondent is there and has a preview of those meetings. high inflation continues to plague countries around the world. central bankers are raising interest rates to try and slow down those price increases. as a result however, we have some of the weakest growth projections by the international monetary fund since the 1990s. with the worlds finance ministers and central bankers all meeting in washington this week the increasingly fragile global economy will certainly be the focus along with ways for countries to try and mitigate some of the negative impacts of those interest rate rises. the high inflation however is already having an impact on poorer countries, pushing them further into financial distress, given the uncertain global economic outlook the imf believes many more countries will be looking to the imf for help. reporting outside the world bank and imf building. for more we can speak now to don lipski, he's a researcher of the na

her comments were made ahead of the imf and world bank's spring meetings which kick off today in washingtonain is there. high inflation continues to plague countries around the world. central bankers are raising interest rates to try and slow down those price increases. as a result, however, is we have some of the weakest growth projections by the international monetary fund since the 1990s. now, with the world's finance ministers and central bankers all meeting in washington this week, the increasingly fragile global economy will certainly be the focus, along with ways for countries to try and mitigate some of the negative impacts of those interest rate rises. now the high inflation, however, is already having an impact on poorer countries, pushing them further into financial distress. given the uncertain global economic outlook, the imf believes that many more countries will be looking to the imf for help. let's take a look at some headlines in brief. detectives in the us state of kentucky say a gunman — who killed five people at a bank on monday — streamed the attack live on social media

speaking the i m f and world bank spring meeting and washington. i am a managing director, said the question is, can we be more determined to enhance security of supplies but not push the world that far that we are into a 2nd cold war? i believe it is possible. i hand close is deputy chief economist of the world bank . he says we global growth impacts the world's poorest countries. the most nutshell, last decade is in the making for the global economy. if we have this type of growth, and there are good reasons why we are seeing weak growth, you look around, investment is weak. you look around labor force growing, slowing down. and of course productivity growth has been slowing down. so all in old, huge implications without growth, we won't be able to generate the valve we talked about, we won't be able to share that well. and of course, we won't be able to overcome the problem of power and other abroad that will open challenges. we have venue, have we growth, high interest rate, you have a toxic combination when it comes to that payments, especially

where the imf and world bank are holding the spring meetings. joumanna is there and she will bring us interviews from the forums. >>> let's break it down across the region we have green for the majority of reegions in europe. ftse 100 is .80% dax is trading .50% higher red on the board for the ibex 35 from the sector, an interesting split is emerging. basic resources and autos out in front. the china sensitive sectors performing well. we did get the chinese inflation data overnight which proves slowing of inflation data in the country. why is that a positive for the sectors? because the sectors are taking a view of the policy response from the chinese government not necessarily the case, but perhaps factored into the trade. on the down side is food and bev. >>> u.s. futures here for the wall street open green on the board, but muted overall in terms of the moves higher this follows the flat session yesterday for u.s. stocks. fairly muted start to trade indicated by the current futures. >>> let's look at where the dollar stands this morning the d

the comments were made ahead of the imf and world bank spring meetings, which could lead that kicked

here is the proposal, which they are all talking at these world bank spring meetings in washington. rld bank would provide low interest concession loans and grants to nations that have defaulted like i mentioned zambia, in exchange for china dropping a key demand that multilateral banks take losses alongside other creditors in debt restructuring. china has opposed this and this is what china's foreign ministry spokesperson had to say about this. to solve the debt problem, all parties needed to implement the principle of joint action and fair burden. earlier today, i believe a few days ago when -- was speaking with bloomberg, she said china has been very slow to recognize that multilateral debt restructuring requires china to play by the rules that are already established. you can see the deadlock, any progress would be a move in the right direction. still officials are telling us that they caution any breakthrough is unlikely simply because china's position still despite this talk of softening of the stance, their position is fairly unclear. shery: she's north asia correspondent step

coming up, we get the world bank spring meeting in washington, our guest is the governor of the south reserve bank. the inflation story is going global. this is bloomberg. ♪ - super excited to open up my diploma from southern new hampshire university. - i'm nervous. i'm excited. (paper ripping) - [speaker off camera] okay, let's see it. let's see it. - oh my gosh! - jesus g suarez. i did it and it's here. - [speaker off camera] yeah! ♪ - [narrator] next term starts soon. visit snhu.edu. was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com kriti: this is bloomberg markets. the south african reserve bank surprised markets with a bigger than expected 50 basis point hike last month, is it enough to stop inflation driven by severe power outages? shery ahn is at the meetings in washington, where the governor of the south african reserve bank is. take it away. shery: you said it, it is an economy facing uniqu

kathleen hays spoke with him today at the imf and world bank spring meetings.h does he think this will cost? kathleen: billions of dollars. this comes when new zealand's economy contracted in the fourth quarter by 0.6%. people think itract again. he has been beating around the bush, multi-billions, so i pushed harder and he finally put a price tag on something that is one of the biggest things that new zealand has done in decades in terms of recovering from major damage. let's listen to what he said. >> we are getting more information every day. this is the biggest natural disaster in new zealand this century. the costs are somewhere just underwear the canterbury earthquakes were, which were a big impact for us, but it will be multibillion dollars, but it is a long-term program. talk cap -- we are talking about cost of rebuild road and rebuild networks, so these costs were stretch over a number of years but it is a multibillion-dollar though. kathleen: that could be $3 billion are $20 billion. do you have any sense of the range? >> somewhere around $9 billion t

temple , there are also meetings with high-ranking us officials and participation in the spring meeting of the world bankld bank, we are preparing new agreements and agreements to strengthen macro-financial and economic the stability of our state, we are working for victory, wrote denis shmygaye about the upcoming visit of the ukrainian prime minister to canada, it became known at the end of last week, according to journalists, ukrainians will call for ammunition to prepare for a counter-offensive , such information is overseas from canada. well, it is obvious that it is also about strengthening macro-financial and economic stability of the state will be discussed not only during the meeting of shmigel with justin trio, but also in the program and in the program, big money, lord, what are they called in our andriy and onitsky's economic was our big money, mr. andriy about big money, well, i like this name, thank you, good morning andriy yanivskyi with economic news in the morning on espresso, please pass on the word good morning, we will talk today about agriculture, about the scandal with farmers in pol

prognosis coming from the international monetary fund,it the international monetary fund, it is the world bank springid actually change its predictions to the uk although they sound pretty dire, it is better than what they previously thought? the aood they previously thought? the good news — they previously thought? the good news such _ they previously thought? i'ie: good news such as they previously thought? iie: good news such as it is they previously thought? ““iie: good news such as it is as they previously thought? iie: good news such as it is as this is not a uk specific problem, the imf six monthly forecast for the global economy were pretty gloomy and were worse than the update three months ago, they now expect growth around the world to be 2.8%, thatis around the world to be 2.8%, that is the lowest growth rate since 1990. a major slowdown. they did focus on the uk and as much as the growth rate for 2023 in the uk is expected to be -0.3%, 2023 in the uk is expected to be —0.3%, apart from germany, the uk is the only major country around the world to have its gdp falling. and that's a problem

eastern, treasury secretary janet yellen holds a trust -- a press conference on the world bank's spring meeting in washington, d.c. at 1:00 p.m., cybersecurity and infrastructure security director joins the first ever cryo--- crowd strike summit to discuss capabilies

speaking at the i, m f and world bank spring meeting in washington. i am f managing director christina gail gave us said the question is, can we be more determined to enhance security of supplies but not push the world that far that we are into a 2nd cold war? i believe it is possible the on if the world bank would have been discussing the impact of global instability on the world's poorest. my cana has more from washington dc, a bleak picture about economic growth, or the lack of it was painted throughout the day. global growth has dropped to some 2.8 percent and it's predicted to be in the region of 3 percent incoming years. this is the lowest level in decades. and great concern to about the fact that the wealth gap between poor countries and rich countries is widening rather than narrowing. now, in order to interest us, the i m f in recent years, has imposed various measures forcing countries to spend a certain amount on public goods, for example, in a bid to renovate or to increase the economy. however, at the same time, the item if imposes austeri

secretary is speaking at a news conference involving the international monetary fund and the world bank springting taking place in washington dc. cybersecurity agency director, she is speaking at the crowd strike government summit. later on it, social security and solvency issues sponsored by the urban institute. that will be at 2:00 on various channels. if you are talking about water storag the natural resources subcommittee will be looking at that. you can see that on our c-sp now app and download it if you hav't already. the best way to follow along is our website, the events that take place throughout the day. that is at c-span.org. west virginia, we will hear from russell. good morning. go ahead please. caller: host: i am going to ask you to turn down your television. caller: on the high-capacity clips, we need to either abolish those or get rid of them. we don't need ak-47s hunting deer. we don't need these hunting deer. we've got 30 odd sixes. we have 30 30's. i don't like people out of the woods with these fully automatic machine guns shooting at people when they are hunting deer. host

the imf world bank spring meeting for the next several days.res and the s&p 500 positive. we continue to count you down to the inflation report in the united states. that 90 minutes away after cpi. the attention will then shift to bank earnings. 90 minutes away we have to deal with inflation. tom: p cpi data, the adults are focusing on core but there is more than that. i love david rosenberg's work of parsing the inflation analysis into 20, 30, 40 lines. even mike mckee cannot do that. but looking at the subsets of inflation i think will be a rich study. jonathan: in the distance, may 3, the fed's next big call. lisa: how do the even way these data points? the subjectivity of data. what does that mean when you can choose the data for the narrative you want to put out? tom: the cynicism. [laughter] lisa: it is just fact. jonathan: i happen to agree. lisa: thank you. you can color it the way you want perhaps, maybe we will get hot or cold, but there is a question of where is the trajectory given what happened with silicon valley bank and given wh

speaking at the i, m f and world bank spring meeting and washington the i m f managing director crystelina georgina said this, the question is, can we be more determined to enhance security of supplies but not push the world that far, that we are into a 2nd cold war, i believe it is possible. my kind of joining us from the i m f talks in washington . tell us what more is being said, mike well, we're getting bleak predictions as to the rates of global growth. hearing that global growth this year has dropped to some 2.8 percent over the next few years. it's not likely to go over 3 percent. now this is a massive shrinkage in the past decade and certainly something that is going to create huge problems in terms of attempting to generate international economic growth. i'm joined here by a hand cosa who c, deputy economists full of the world bank. now you write in your latest report about a global speed limit, and this is a maximum rate at which economies can growth can happen without spanking inflation . now, this says shrunk by some 3rd, or is likely to shrink by some 3rd. what other river hm.

that's ahead of the world bank and imf spring meetings next week. n average annual rate of about three % over the next five years. -- 396. airbus has announced it will open a second final assembly line in china that will double its production capacity in the country, with the framework for the deal signed by its ceo in beijing. asia has become a key market for both airbus and its us rival boeing, as demand for air travel climbs with an expanding middle class. the russian foreign minister, sergei lavrov, is in turkey for talks. one of the main topics is the future of a deal that allows grain to be exported from ukrainian ports on the black sea. moscow says the grain deal has been extended "as a gesture of goodwill for another 60 days." turkey is pushing for a 120—day extension in compliance with the original agreement, which was negotiated by ankara and the united nations lastjuly. toyota is planning to launch ten new battery powered cars over the next three years. the world's biggest car—maker has been criticised for being too slow in embracing elect

mr hunt is in washington for the world bank and imf spring meetings.errible mistake is to agree to an inflationary pay rise. that means that we're still talking about inflation in a year's time. if we stick to the plan, we'll bring inflation down to below 3% this year, and then we'll put these pressures behind us and i think that's what the british people want the government to do. now it's time for a look at the weather with louise. good morning. it's going to be another day dominated by sunny spells and sharp and thundery downpours for many of us. so if you have seen some early morning sunshine, i hope you managed to get out and enjoy it a little. it does become quite messy as we go through the day. we had a line of more heavy, persistent rain from these weather fronts that are slipping their way south and east over into france. the heaviest of the rain across south—west england and south wales over the last few hours and as it pushes its way down through the channel islands we'll see a fair amount of cloud and some showery outbreaks of rain almost a

the world bank and international monetary funds, spring meetings are taking place this week late on the agenda. reform of the world bank to make it better prepared for tackling long term issues such as climate change. the meeting comes against the backdrop of economic challenges, including high inflation and weak economic growth. so shifting gears, moving to africa, kenya and uganda are moving to further criminalize l, g, b, t q. people was relationships are already deemed illegal in both nations of this month. you gone to law makers, approve harsh penalties for anyone who engages in same sex sexual activity. meanwhile, kenya is cracking down on what it sees as advocacy for l g b t, q writes, and schools. now some major global companies are speaking out, saying laws are not just wrong that they're bad for business. google and mastercard uni leave. i in delight. these are a few of the major companies with operations and uganda that announcing the latest anti l. g b t q plus legislation passed by the countries parliament. they are part of an international coalition of leading firms called

. >> before the recent world bank spring meetings in washington dc semaphore news" economy summit featuring the bidenadministration officials, us lawmakers and ceos . in this portion ceos from big and small companies along with foreign ministers from singapore and jordan talk about economic opportunities and the evolution of technology andartificial intelligence . >> scott is going over and is going to hang out and watch our stream . he's going over to brookings and i said what does brookings have that we don't have here right now . but that's on the way. and of course i would give a shout out, our friend clifton, thank you so much. they run hall and we want to thank you for our partnership . there are cool people in the audience. ambassador of slovakia, ben smith a lot of cool people here and we appreciate you spending your time. i'm going to be taking notes as to who is here to bring to of microsoft big and for brad. brad, i've known you time. what do you now and i were you will treat days? >> trachea days is the oldest and sometimes i is fascinating for first b& i issues and substantial

. >> during the international monetary fund and world bank meetings in d.c. this springsted a world economy sentiment -- somebody featuring by that administration officials, lawmakers, ceos. this portion director of the national economic council talks about the economy, recent bank failures and inflation. ♪ >> hi. everyone having a good time? i made it just in time. my train got here at 11:50 one. we are thrilled to be with all of you. thank you for the time. before we get started, you have not done a ton of interviews is given this -- in this position but as i was reading i found something that i thought would be interesting to everyone who does what you did before this job. this is your 2014 commencement address. you told graduates to take risk to travel, to live richly and you said after you graduated i didn't require furniture, i shared leave and seasons with w's characters, i was pretty handy with a can opener. i slept in a rent-a-car more than i like to amend. and i around the globe. that is your unique perspective you come into this job with. how has it made you t

jonathan: our coverage from the world bank imf spring meetings continued from washington, d.c.g. this is bloomberg. ♪ and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and when you book and pay throug you're covered by our happiness it's easy to make your home an a check out angi.com today. angi... and done. i screwed up. -mhm. i got us t-mobile it's easy to make your home an a home internet. ah! now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! -woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. jonathan: equit

. >>> imf managing director kristalina georgieva spoke at the world bank spring meetings forecastingnomy is headed for the weakest growth in over three decades. sara eisen joins us from d.c. to wrap up the highlights from her interview. hey, sara. >> hi, good morning, carl from the imf where there is no shortage of issues and challenges to tackle here relating to the global economy for these finance chiefs and global central bankers gathered here for meetings today from the bank failures in the u.s. to inflation, to higher interest rates to war in ukraine. i spoke to the managing director of the imf, kristalina georgieva, started with asking her about the inflation numbers we got out of the u.s. this morning, more evidence that that high inflation rate is coming down here what's she said about it. >> you see, what we should expect to see, that the action of the fed is going to pay off, and even more importantly, it has been a synchronized action of central banks all over the world, that has given us this trajectory in the right direction, inflation going down, but core inflation is s

because janet yellen, the treasury secretary, is speaking at a news conference ahead of the world bank imf spring meeting in which she says the u.s. economy is obviously performing well. see inflation moving down, robust consumer spending, not anticipating a downturn in the economy. that remines a risk and that many of the risks related to russia's war against ukraine and the global outlook that's the treasury secretary as we speak there are some who still, bryn, believe that despite all of the head winds, whether it's the banking crisis, commercial real estate, a slowdown in autos, whether the consumer is going to roll over that we can avoid a hard landing and that perhaps is why you haven't had a capitulation to use the word joe used >> well, you need an event, right. and if you look back since 1985, every recession we've gone into there has been an event that created it whether the regional banks were the event and we're seeing the cracks, we'll find out over the next few months. but i think it's really dclear the economy is going to be slowing. commercial real estate is part of it. commercial

. >> world bank president david malpass talks about low income countries as the imf -- at the imf 2023 spring meeting. >> good morning, good to see you all at this hour. thank you for joining this 2020 three spring meetings press conference with david malpass. mr. malpass will give opening remarks, and we will turn to your questions. if i could ask on the record, to keep to one question and identify yourself. >> thank you, david. goodmorning at this early hour. the meetings have been going well this week, there've been a lot of engagements. it's in the context of a global economy that is slowing in 2023. this is owed to the persistence of inflation, oil prices are high, credit disruptions have occurred. and the world is in this long period of normalizing interest rates after a long period of artificially low interest rates. it's going to take time for asset prices to adjust, and also for capital flows to move to more productive uses. the best way out of this, for the world, would be to have policies that generate more growth, more production, better living standards for people, and of course

guy: the world bank and -- spring meeting right now in washington, d.c.ia tadeo has made the trip across the atlantic and has-beens to the minister of finance le maire. there has been significant backlash about comments from emmanuel macron talking about the idea that france, europe, should not be a follower of the u.s. this follows his trip to china. talking through how the backlash is working its way through the meetings you are attending and what bruno le maire has to say about it. maria: here at the imf, there is a lot of talk about what happened in this interview that the french president to gave on the way back from china. these comments and whether or not there was miscommunication and whether he was badly quoted or simply this was a case of very bad timing and a serious lack of judgment from the french president. i did speak with the finance minister bruno le maire and ask, do you feel there is damage control to do here and aren't are people asking you questions? what he said is it has been our position for years, this idea the european union obvi

she was speaking in washington ahead of the world bank and imf spring meetings next week and said the announced it will open a second final assembly line in china that will double its production capacity in the country, with the framework for the deal signed by ceo guillaume faury in beijing. asia has become a key market for both airbus and its us rival boeing, as demand for air travel climbs with an expanding middle class. cryptocurrency platform binance will close its australian derivatives business following the country's regulator's targeted review of the company. the australian securities and investments commission said the cancellation was requested by the exchange. regulatory scrutiny of binance has increased over the last few months. in march, the platform and its founder were sued by the us commodities watchdog for operating what was alleged to be an illegal exchange. we have mentioned it a few times, haven't we. it is good friday. for many around the world it is the beginning of the easter weekend. an estimated 80—90 million chocolate eggs are sold in the uk alone each easte

about the international monetary fund, and in particular about the spring meetings of the international monetary fund and the world bank, which are ongoing in washington these days, mr. igor vitay hello, let's start by telling you what kind of spring meetings these are their meetings, e.e. sprint meeting, they are translated differently as meetings, but these days , these meetings will continue until april 16 in the capital of the united states, who is going there is this some sort of entertainment event or does it have some practical consequences practical for the world economy well let's start from the very beginning the world bank and the international monetary fund are specialized institutions of the united nations their function is to ensure a fair as today talk about inclusive economic development and help, first of all , those who need to keep up with general economic trends, and each organization does it in its own way e world bank - this is help in the implementation of large infrastructure projects and not only such projects that are directly related to reforms, if we are talking about the international monet

i want to mention, yesterday was a busy day at the world bank and imf spring meeting -- at the imf spring meeting. i cochaired meetings on the evolution, on the global roundtable on that where we looked -- debt where we looked at ways to reduce debt. let me mention several things that came out of that. one is the importance of timeliness. investors really need some kind of confidence in how the process will proceed. there needs to be early information sharing. imf and world bank will be sharing the debt sustainability analysis early in the process. we are working on a note for rules on that. there was a call for disclosure of contracts, transparency is very important within the process. also, a discussion and agreement that there needed to be equal burden sharing as part of the restructuring process. there will be a workshop on that that will start in may to discuss the techniques of that yesterday. in addition to debt, there was the ukraine discussions, as the war continues. there was the g20 meetings that went into the evening last night. g7 meetings. also, the developmental committee o

weakness in crude oil which we're seeing to kick off the week speaking of the imf and world bank kicking off their springs this morning. the world bank expecting global growth to weaken this year joining us for an exclusive interview, david malpass, world bank president it's good to see you. >> hi, sara. good to be here. >> you actually upgraded the forecast for global growth this year, this morning, which was kind of a surprise given everything we've seen with interest rate hikes and the banking failures in the u.s. why are you feeling a little better >> growth is slowing down from last year, which wasn't a great year the reason it's an upgrade is our previous forecast was in january, so some things have improved since january, specifically china lifted its lockdown, so that's been helpful, and there's been a little bit of buoyancy in the advanced economies, the u.s. and europe, on the consumption side. from the standpoint of the trend lines, they're still towards weakness and we're seeing the slowdown from last year from 2022, where there was 3.1% growth, we're now slowing to 2% growth in 2023, and tha

we've been reporting, this week the imf and world bank are hosting globalfinance leaders the imf and world bank are hosting global finance leaders at their springn washington, dc and one of the big issues being discussed is debt restructuring for low income countries. let's head to samir hussein outside the world bank for us and in dc. has anything been agreed? for us and in dc. has anything been aareed? , ., for us and in dc. has anything been aareed? , . ., ., , , ., agreed? they have already started these conversations, _ agreed? they have already started these conversations, they - agreed? they have already started these conversations, they have - agreed? they have already started l these conversations, they have been ongoing for quite a while but they had quite an important meeting regarding debt restructuring and what we mean by debt restructuring as they are looking at ways for lower income countries that are really being crushed under the amount of debt from previous loans that they have received from more developed countries and from the imf and the world bank, and so what are some of the ideas you can do? things like what you would no

mr hunt is in washington for the world bank and imf spring meetings.ld be a terrible mistake is to agree to an inflationary pay rise that means that we are still talking about inflation in a year's time. if we stick to the plan, we will bring inflation down to below 3% this year and then we'll put these pressures behind us. and i think that is what the british people want government to do. live now to our reporter simonjones who is in central london. simon, you are outside one of the biggest hospitals in the capital, what is taking place behind you? once again, there is a picket line here for day four of this dispute. we have gotjunior doctors here asking for a 35% pay rise but there is also a lot of focus to date for the nhs on the fact that we are expecting a result on a ballot that has been taking place with nurses. the offered them a 5% pay increase, the ballot has now closed. we are expecting the result of that later today. it is by no means certain that the nurses well accept that 5% pay offer in england. let's talk now to one of the junior docto

global grange shortages that resulted from it were among issues covered at the i, m f, and world banks annual spring meeting. my cana joining us now from the i am of talks in washington. so what were the take away points might what we do know knowledge incontrovertibly is that there is in fact a widening gap up income between which countries and poor ones. now the i m f in recent years has been attempting to address this particular issue. it has established social spending flaws in terms of which borrowing countries much reach a certain amount on public spending. the i'm believing that social spending is a key to economic development. but, and here's the debt. but it's also imposed austerity measures on lenders to try and explain this in some way. for every $1.00 that a borrowing country gets from that social spending that it has to impose. it gets loses another $4.00 because of the stare with the measures. now, if all of this sounds a bit confusing, it is indeed and to explain it to us, i'm joined by now. bill upto the oxfam senior policy advisor. now the myths measures to address the wealth gap to

back in new york after some really interesting imf world bank spring meetings in d.c.eturn to price action in the equity market. equity futures are up a little more than a 10th of 1%, we had m&t early this morning. we will get schwab numbers later this morning. on to tomorrow, we will hear from other big financial institutions including goldman and bank of america. wednesday, morgan. a lot of regional banks in the mix, western alliance is one of them. outside the equity market, yields are higher by three basis points on a 10 year. the euro-dollar just after 110, we had a break of 110 last week. 11076 is the new intraday high. just a touch of euro weakness, little more than a 10th of 1%. tom: 2021 on gold, gold is elevated. jonathan: just short. tom: just short of a record. does gold breakthrough, given the news flow? may be a safe haven state. on a jumbled monday morning, it is good to speak with the hostess in washington, did a wonderful job. chief scandal crisis story correspondent. i do not know where to begin this morning. but i think i've got to make clear the nat

we have been in washington attending the world bank and imf spring meetings but on saturday he spoke at the peterson institute and what is really grabbing people's attention from those comments is what he set around the yuan. you mentioned the headline, that the pboc e says has retreated from regular intervention in recent years. is it freely convertible? no, he did not say that, but said it is primarily determined by the market. he did not really give a date. he was asked when it could be. from his own perspective he said when you put the market against the central bank,'s now get ovee quinn. vonnie: vladimir putin has praised ties between the militaries of russia and china during a meeting with a top official from beijing. the chinese defense minister's visit to moscow becomes a month after president xi jinping's. he also plans to meet with his russian counterpart and visit military institutions. china has become russia's biggest supporter since the invasion of ukraine. india says it could buy russian crude near or pass to the g7 price cap of $60 a barrel if costs continue to rise

well, that's a major focus of this week's spring meetings between the world bank and the international monetary fund. those are 2 of the largest global lenders and check this out. the news agency reuters has calculated that emerging economies. oh, some $8400000000.00 in payments on high yield international bonds for the rest of this year. i compare that to next year, that figure balloons to $30000000000.00. a many countries will have to refinance that debt, but again, borrowing conditions are much worse now due to higher interest rates. and that's a problem for countries like kenya, pakistan and tunisia particular, they're all due to make big payments this year. if they can refinance, they face a risk of default and could cut essential services, but just lowering interest rates to make borrowing cheaper. that's also not a solution. listen here to world bank present david mile pass. he speaking with out of the i, m f, christy lina, your giver on monday. and so there there's losses being allocated by the world system now. but we should keep in mind if you just lower the interest rates ba

of a new report released by the international monetary fun at the beginning of its spring meetings with the world bank. analysts say the downside risks of fast rising interest rates are growing, including instability and the banking sector and hydro borrowing conditions. only bought countries can't yet afford to stop the rate hikes with inflation proving stubborn. we spoke to the head of the i, m f team responsible for that new report and asked how economies would know when it's time to stop there? monetary tightening out the last few months. unfortunately, we have shown that underlying inflation has been pretty stubborn and plateauing rather than coming down a lot of countries. the good news is that oil prices are coming down. so we expect about 24 percent full in oil prices. and 2020.