the world bank has a new vision and mission, to create a world free of poverty on a livable planet. and regional development banks have shifted missions as well. there are new incentives, like updated corporate scorecards that focus the banks on outcomes, impact, and mobilizing private capital. world bank projects are moving more quickly to approval, and idb invest has a new originated share model to bring in private-sector investors. we've also drastically increased financial capacity. across the mdb's, responsibly stretching balance sheets and innovative measures will enable $200 billion in a new lending capacity over the next decade, with a potential additional nearly $160 billion from other already-identify measures. let me provide examples of what these changes actually mean for countries around the world. 19 countries have adopted a new option that allows them to repurpose world bank funds for emergency response, so that they can better support their citizens in times of crisis. for example, they could shift resources for a long-term infrastructure project to rebuild critical infrastructure after natu

the funding is to come from the world bank and the inter—american development bank to help with socialching. goodbye. hello from the bbc sport centre. 13 wickets fell on the first day of the final test in rawalpindi between pakistan and england. england won the toss and chose to bat first but were bowled out for 267, every batter falling to spin. it could have been a lot worse without a half century from opener ben duckett and a barnstorming 89 from jamie smith that included six sixes in a century partnership with gus atkinson. joe root, ben stokes, ollie pope and harry brook all went cheaply. sajid khan took six wickets. pakistan closed on 73—3. i think it's a decent score, especially from the position we were in. anytime you are batting first, you have the luxury of the best conditions, no doubt about that so it will be a tough first

developing countries in the world economy has changed drastically over the last decades. yet in particular this was not reflected properly in the governance systems of the international monetary fund, world bankof development. founding fathers of the united nations organisation saw its purpose in being the centre for harmonising the actions of the nations because it is only collectively and in agreement we can efficiently respond to global threats and challenges, tackling such threats as combating terrorism, illegal drug circulation, corruption, organised crime icts, and of course ensure a steady economic growth for the welfare of global element and prosperity. studio: vladimir putin addressing a big gathering of leaders at the so—called brics summit, including china, india, south africa, antonio guterres, as you can see, there, and of course he has been with leaders for the last couple of days in kazan, talking about ukraine, saying it is being used to create strategic threats against russia. he said the middle east does look as though it is on the brink of war, and there needs to be a settlement to create an independent palestinian state. and this summit has been seen as pretty significant

bank for reconstruction and development. as a financial inclusion leader at the world bank. as the distance the -- deputy assistant secretary for developing policy, which is where i first had the opportunity to work closely with her a decade ago when she led the action agenda on financing. we are incredibly excited to welcome her back to discuss the importance and relevance of climate resilient infrastructure in international development. please join me in welcoming assistant secretary latortue to the stage. [applause] ms. latortue: as i spent much of last night trying to reach mike godmother, who lives in temple, florida, i was amended once again we live in a different world, and so we must -- we must do things differently. good morning. i thanks, -- my thanks, noam, to you, and to csis, for creating the space to put this together to talk about a vital issue. hurricanes milton and helene are a vivid and painful reminder of the importance of resilient infrastructure right here in the united states. these hurricanes force us to confront the immense destruction that extreme wea

world and across the uk. this is bbc news. argentina will receive $8.8 billion in financing. the funding is to come from the world bank and the inter—american developmentortation and electricity costs. some of the fun is to help boost private sector. —— the funding. the british government is considering giving workers twice as long to strike. under existing legislation, if workers vote to take industrial action, the mandate expires after six months and unions are required to hold another ballot to extend it. but a consultation document produced by the government said the mandate could be extended to a year. joshua mahony is chief market analyst at scope markets. good morning to you. in the uk, we have been very familiar with strike action, whether on trains, in hospitals or schools, boeing is grappling with this right now, what do you make of this idea? this is re you make of this idea? this is pretty timely _ you make of this idea? this is pretty timely considering i you make of this idea? this is pretty timely considering the | pretty timely considering the fact we've seen the boeing workers reject 35% pay rise overfour workers reject 35% pay rise ov

world bank. you talked about multilateral development banks could unlock resources. one of the priorities of the new president was to find ways to look at the banks and accurate --equity ratios. how much further do we have to go? undersec. shambaugh: it is not just the world bank. it is the system as a whole. there was a report called the capital adequacy framework report to push on these ideas. we have been pushing that through the evolution process. if i recall, the bank has unlocked about $70 billion so far. this is measured over 10 years of lending with another $70 billion. they are not necessarily passing them yet. other banks have done more. the system as a whole has about $350 billion that it has or is unlocking. they are making great process. that evolvement bank turned out when he looked at their balance sheet have a lot of room to be more ambitious and up to around $100 billion of that $350 billion. it's in the process of doing so. one part of this is unlock the balance sheet. the next part is you have to use it. that is the second step, making sure these i

world bank. so, so when it comes to having a nice loan, then perhaps that of the bricks development bank is the best way to go. and by the way, you know, i heard the word sanctions mentioned just a moment ago, you know, no bricks members can sanction another bricks member about really gives you like a, a kind of a logic perspective on what is this grouping? what is this family? it's about mutual respect and getting along peacefully. so in a moment, i mean that's just, i guess take a closer look what, what does the pricks of lions me in, in, in, in world terms. let's give you some numbers here because as of today, the group accounts for 46 percent of the global population, we're talking, well, 3600000000 people. it's uniting 45 percent of the land mass and economically represents more than 47 percent of global g. d p, meaning its already more than the g 7 countries and with the intake of new members . it also brings 45 percent of the world oil reserves under its wings. that's a really important thing to remember. now one of the new intake is africa's 10 largest nation, ethiopia. so let's have a look

do you think the bricks development bank can co exist with the i m f, and world bank? or do you see any conflict of interest? that's a very good question too, because remember when we created national development bank in 2014, by the way, in brazil in my country during present dumas recess, chairmanship, condemned to be, was supposed to be an alternative to the will bank. right. and we also created the contingent reserve arrangement, which was supposed to be an alternative to a mess in terms of countries in, in a running out of, out of dollars in international reserve. so could go to the so of course of this both institutions they, they, they, and they, a statute, they are going to, uh, live together with, i imagine we'll bank, but i think it's also important to have an alternative. yes. even in a way to put pressure, and i am asking the bank for reforms. yes, exactly. you know, it may be actually helped me. i may have to lower its interest rates because that historically, up seen the interest rates. i mean that these loans that have, as many people say a full sped to d

world bank are holding that meeting. we obviously have the breakfast a day to new development fine. in terms of money, that's no comparison, right? well, thank in 2022, and i'd spend something like $100000000.00. uh. then you divide it in the bank since its inception, 20th. and tina's been so to 3. but as, as a, as a bulky itself, it is growing in popularity. why do you think that is, what is it about? let's say i am a policies, a wall by policies that may be r a and made some a few players around the world. well, if you look at the statistics of the new development bank, i think that will give the results because it really fulfills the demand of a lot of the developing countries. given that this is a representation of a large amount of people on earth systems establishment until the end of last year . and more than a $105.00 projects are being approved. phone development bank that is relevant to infrastructure, transportation, sustainable development. so it's under the theme of green development and also from 2026 to $20.00 twenty's 202-2226. 40 percent of their, you know, money wi

developing countries. and these countries now as far an external debt, while that currencies weak and all the time because of the export pauses both in the world bank. so they end up in a depth track. they can't get out and they're being exploited. and that they're just supposed to explore their own materials cheaply and they cannot develop. instead, you need a very different set up. and that's because of what china more than 10 years ago started to say when they were turned down in the army, little things to have a bigger se, then they set off alternative development institutions. the need to structure investment banking be and you develop banking and facing and sean high as a 1000 road initiative. and that russia has been very keenly interested in involved in this. and this will terms the approach and if that is very possible and to implement the calls the on it will thank system has been so exploitative and we see now that's why so many countries are now very keen to join the brakes because they finally want to get rid of that at that and put on them and also this and the system that hampers and prevents grow and they want to read themselves and

developing countries. we use our seats on the boards of the imf and the world bank to argue for a boulder a probe to tackle -- boulder approach to tackle untenable debt compounding inequality and poverty, depriving the sake of health care children of education. we must tackle the barriers to investment which choke off the flow of private finance. we must put a price on the true cost of emissions for a new levy on a global shipping with the process -- with the proceeds going to tackle climate change. we need to accelerate reform on multilateral development banks so they shoulder more risk unlocking hundreds of billions more to help the poorest and build a low carbon global economy. . a critical milestone in the fight against poverty is approaching with the replenishment of the international development association. this is the chance for everyone to show greater ambition so the ida can be a bigger and better, helping more people especially those in fragile states and conflict zones. on that basis we will be ambitious too. we will increase our pledge and play our part in seizing the potential of this moment.

you know, you can, you can only talk about in terms of years 30 years of development loss of take the 18000000000 that the world bank estimated in terms of damage in the construction requirements and which was a, after 4 months of, of war and multiplied by 3 of those of its, that sort of where and that sort of the territory of 1500000 people. how do you provide temporary dom decent, temporary shelter for the, you know, the relief requirements have yet to be dealt with. these earliest have calculated that. if they're going to take over it as a humanitarian effort, it's like $5000000000.00, which is really what, in fact this is costs so far to, to the international community in terms of just providing basic food, etc. but little that gets there and of course diversity. so you know, the numbers i, uh, we can talk about the numbers as much as you know, but i don't think it's now we don't really know the numbers one. and secondly, the numbers are not what count. now the question is how to prevent the numbers and, and for being uncomfortable, which is where we're both where we're going. you read about the, the, the, the e

development banks to support these countries. you are right, they do require all the attention the world can spare. >> let me follow up on that and then we will take one more question and wrap it up. when you are talking about preparing for the next shock, is it conceivable that the next shock is coming from an area of fragility? generally, the conventional wisdom is that these countries are very relatively small economies that don't impact the global economy, but how do you assess that? kristalina: first, let me say this. i did not quite answer your question, my thinking is to teach us and help our members to think because the unthinkable is going to happen. we are building this muscle so we anticipate and then we respond quickly and we lean forward to target the most vulnerable. could that be the unthinkable that comes from a small country? of course this is possible. a small country developing terrorist capabilities in a world where drones can go anywhere, yes, a small country can cause big trouble, yes. so, how do you counter that? you make it so countries have opportunities. as many of you know, i was the crisis commissioner

developed economies. however, that didn't realize the only 2 institutions, basically the stadium life well world bank in the math and they have gradually, basically being steered perhaps a little bit away from the real interest of the developing world. let me ask you one more question about attractions because i think ever since the soviet collapse, it was assumed that the european union is the main. it's tasha for all your team countries and they all want to be part of this a big club because of its values. as you mentioned because of the high living standards. and there was a sort of presumption within european western european politicians that they can choose from to befriend and they can sort of impulse brick conditions on countries if they want to be in a some sort of a relationship with the european union. does this phil, uh, does this still sold to do you think the air is still as attractive as it believes itself to me? we don't really need to speculate too much. we can see what happens with them. but actually it's obviously some people in the united kingdom and the majority was that was there. uh, o

development projects. do you think it'll be a high interest kind of load, like what the i m f and world bank the notorious for during or do you think these kinds of loans that we put in good faith with i guess a manageable interest rate. well, what we have to keep in mind that the equipment, the emerging develop and banking institutions help headed by uh, do my uses is all to be characterized as nothing like the i ipad for the world bank . so we can expect the interest rate to be extremely low if any. and a lot of you know, very big creative idea as instead well come in to somehow make sure that the main investors, you know, find something for themselves. and yeah, yeah, exactly. well said, well said, you know, the, i bet a russian president, alexander, look, or psycho is here. as i understand that there are reports coming in the, by the rule. so he's going to be a partner state, hopefully moving on his full way to full membership. but, but that lucas head coach made some comments about the american net presidential election in any describe and describe a couple of harris and drums. he said, both candidat

world bank to deploy $200 for every one dollar taxpayers provide. we have asked congress to improve investments in a new trust fund at the imf to help developing countries build resilience and sustainability. through u.s. investment in tens of millions, we could enable tens of billions in a new imf lending. outside the world bank and the imf come we are asking congress to increase funding for the partnership for global infrastructure and investment, which we launched at the g7 a couple years ago. this partnership catalyzes and concentrates investment in key corridors, including africa and asia, to close the infrastructure gap in developing countries. it strengthens countries' economic growth. it strengthens america's supply chains and global trusted technology leaders. and it strengthens our partnerships. the partnership has been enthusiastic. we have already mobilized tens of billions of dollars, and we can lever that up and scale that up in the years ahead with help on a bipartisan basis from the congress. we need to focus on the big picture. holding back small sums of money has the effect of pulling back large sums from the developing world, which ef

actually these policies of the, i'm, as in the world bank over the last of 75 years or so have not been successful officially been to help countries develop. but that sold a single case of a country actually having decides to be moved from the less developed countries status to develop countries status. and that's because the policies actually designed not to help is just a big lead. oh look way healthy. when actually the policies do the opposite of prevent economic development and establishing regime of colonial exploitation. now there's bricks and it's new development bank. uh, got trying to help the global south. so are you, would you say that they're helping in the process of doing that? thomas, the any, if it through to free the world from, from the, the current uh, from the us dollar. that way, the way the, the systems currently set up is a win win for mankind. in general. you want to get these nations trapped into tied into your database system and then exploits. i mean exploit and turning when he basically that's what they want. they wants to do those commodities and they want them priced in dollars. and they want those nations to

development bank as well. is it a competitor to the i m s, and world bank, or do you think they can co exist? well, it wouldn't be a company does right away, but they can go exist. i'm sure because after all of these are the big economies, which are going to be part of the and uh, but it's never been banned. yeah, there is about it for their own reasons. yeah. and then i'm it will have to then tweak its own approach. yeah. yeah, yeah. how the funding country the how the i know go give baby they want fruit, maybe leaving it. may the sun will improve? yeah, i have if maybe i have if and will buy like the united nations, the global governing body, they need to be updated. absolutely. they really do that. how can they go to represent the global south they go to represent these rising volley? sure. dante up to there, and maybe they need more permanent members as well, on the united nations security council. they do, they do. and just just quickly, before i let you go, so, and it's still good to have you with us this bricks, bridge payment system. this is a connected payment system to help some to

development of the agricultural sector, the prime minister noted. our country entered the top four largest meat producers in the world. this year the bankided half a trillion rubles in loans to agricultural exporters. another 600 billion went to organizing seasonal field work. russia has achieved significant results in agriculture. it is important that now this industry, well, has practically shown. record harvests, all indicators for most important products - this is for meat, fish, vegetable oil, sugar, for reserves, they are fulfilled, our country is now among the four largest producers, for example, meat in the world. key indicators food security doctrines are implemented, every second liter of milk, every second kilogram of poultry, pork, beef, are produced in projects that were built with the support of rosselkhozbank. we will do everything. so that the task set by the president to increase agricultural exports by 2030 by one and a half times is fulfilled in full and on time. an hour ago, a rescue operation was successfully completed in kamchatka, where four killer whales were stuck in shallow water. low tide caught two adults and

world economy. just 10 percent of its people. the block is made financial cooperation, a major priority. the new development bank has funded almost $33000000000.00 in loans since 2015 and trade between members states to serve as more of a 50 percent since 2017 states are exploring ways to move away from the us dollar and trade more in local currencies. well, joining us now from john, his bag is gustavo to come, although he's a senior of a such are in the south african institute of international affairs. i probably will welcome to counting the costs. let me stop by addressing back all important summit . and because i'm in russia, the 16th brick summit and the optics were rather interesting, i love them, it puts in the heart of it all. it seems to suggest that the isn't as isolated globally as perhaps many western powers hoped he would be. absolutely. thank you very much for the invitation, and i think for i should for a large degree, they hosting a break summit. june 2024, provided them this space to showcase the not as high as a late to the they still able to engage with a number of countries in the world. and i

world community. the meeting with the leaders and representatives of the palestinian fighting groups to review the latest developments in the gaza strip and the west bank was the end of the foreign minister's trip to syria. during the trip of our country's foreign minister to syria it happens that the zionist regime is regular. which leads to barbaric crimes in lebanon and gaza is a situation that requires more coordination tehran damascus essam helali damascus radio news agency president stressed that the ability of artificial intelligence should serve the health of agriculture and education and the security of the people and the country . in a meeting with a group of artificial intelligence activists, mr. bizikian said: in order to optimally use this great capacity, one must identify and evaluate its strengths and weaknesses, as well as its opportunities and challenges. the president also knows the current situation and draws a favorable and appropriate perspective he considered the creation of iranian islamic culture and lifestyle as one of the requirements for the development of artificial intelligence. he added that in order to prevent the dangers

world community. the meeting with the leaders and representatives of the palestinian fighting groups to review the latest developments in the gaza strip and the west bank was the end of the foreign minister's trip to syria. the visit of the foreign minister of our country to syria is taking place while the zionist regime is committing crimes there is brutality in the lebanese and gaza. it is a situation that requires greater coordination between tehran and damascus. essam helali of sed and cima news agency. his tail the president stressed: artificial intelligence capabilities should be put at the service of health, agriculture, education and security of the people and the country. in a meeting with a group of artificial intelligence activists, mr. bizikian said: in order to optimally use this great capacity, one must identify and evaluate its strengths and weaknesses, as well as its opportunities and challenges. the president also needs to accurately understand the current situation and draw a favorable perspective and adapt it to iranian islamic culture and lifestyle he recognized the requirements for the development of artificial intelligence and add

world bank data shows that the average value of israel's exports has decreased by 8 billion dollars in the last 11 months. organization economic cooperation and development has announced that among the 38 members of this organization, israel suffered the most severe recession this year. the bank of israel has estimated that the cost of the war despite the aid package. foreign investment in the occupied territories has decreased by 60%. statistics and economic indicators do not show a good situation for israel. the fire that israel feeds its flames every day. residents of tehran hosted by the municipality of region 12. in this way, 24 ambassadors, diplomats and their families from spain, switzerland, brazil, serbia, bolivia were held at the same time as the 14th of mehr day in tehran. japan, nigeria, south korea, russia and romania, as well as the international organizations eco, eco cultural organization and the united nations were present. the ambassadors of their families, which were more than 60 people , visited some historical areas of the tehran market, including the union emirates, masoudiyeh emirates and national bank museum. this was the eighth u

entity, brics hasn't accomplished much either it formed the new development bank in 2014 as an alternative to institutions like the world bank which are dominated by the west. but it has remained ineffectual as foreign policy notes, it planned to make eight to $10 worth of loans last year compared to the world bank's 73 billion. and it can learn to russia due to us sanctions part of the problem is that the bricks are random assortment of countries they don't have much by way of common interests russia and china are autocracies with hardened anti western stances india and brazil are large democracies and american allies. they prefer not to antagonize the west india and china our often openly hostile neighbors these countries don't even have economic common cause brazilian russia, energy exporters who do well as energy costs rise, india is an important that favors low energy prices. and even jim o'neill, the former goldman economists to deliver us the term with so much optimism two decades ago admitted in an op-ed last week that the brics still don't matter criticizing the bloc for among other things, not committing to mo

getting the 1st time is the central back of a new development by the codes cultural agents with, with my side, similar banks and other regions of the world and 6 bricks for the if i had that much more than happy if i knew how to say, that's what i did the feed for comments or so. right now we need to create the funds that will deal with a mutual investment across the says, we do have the critics for one more thing. as you looked into the issue, all thoughts adding pseudo ravia to breaks. could you comment on that? i did a wish to go through it so now the source and number one thing about organizing i work within or exec knowledge set. today, this is now, it was a formulation of organizations on correct to you and your corrective saying that we need to make some more rigid instruction to this open as ation. this is something that we're going to address moving forward with, with our colleagues that are on the truth. but so now every member of this organization is to sell the sustainable nbc, sincerely the in. you want to say you maintain the union with a fellow. so i don't think that they're going to meet any immediate heres falls in the h

bank for reconstruction and development. as a financial inclusion leader at the world bank. he distance the -- deputy assistant secretary for developing policy, which is where i first had the opportunity to work closely with her a decade ago when she led the action agenda on financing. we are incredibly excited to welcome her back to discuss the importance and relevance of climate resilient infrastructure in international development. please join me in welcoming assistant secretary latortue to the stage. [applause] ms. latortue: as i spent much of last night trying to reach mike godmother, who lives in temple, florida, i was amended once again we live in a different world, and so we must -- we must do things differently. good morning. i thanks, -- my thanks, noam, to you, and to csis, for creating the space to put this together to talk about a vital issue. hurricanes milton and helene are a vivid and painful reminder of the importance of resilient infrastructure right here in the united states. these hurricanes force us to confront the immense destruction that extreme weather

portuguese juice world bank data shows that the average value of israel's exports has decreased by 8 billion dollars in the last 11 months. the organization for economic cooperation and development announced that among the 38 members of this organization, israel suffered the most severe recession this year. the bank of israel has estimated that the cost of the war, despite the military aid package of 14 billion us dollars by the year 20 25. it will reach 67 billion dollars and israel's financial resources may not be enough to cover these costs. according to the bloomberg report, the amount of foreign investment in the occupied territories has decreased by 60%. statistics and economic indicators do not show a good situation for israel. the fire that israel blows into its flames every day is now more than ever before. aref jafari of the american muslim broadcasting news agency warned democratic candidate harris about continuing to support the crimes of the zionist regime, and announcing the continuation of this support means giving up. american muslim voting will be influential in the presidential election. in a letter to biden, 100 american doctors and nurses demanded the end of

the second world war, actually in 1949, it is a relief and human development agency for refugees injordan, in lebanon, in syria, the gaza strip so important at the moment, and the west bankthat some 5.9 million people today are using unrwa services. well, let us just switch away then from events here in israel and look at what has been going on in israel, more israeli air strikes overnight but let us tell you that hezbollah in lebanon has announced that hassan nasrallah will become the new head, replacing hassan nasrallah. that was last month. the elatest israeli air strikes in lebanon have hit five areas in lebanon have hit five areas in the baalbek region, north east of beirut. the local governor there calls the attack the most violent in area since israel escalated the conflict against hezbollah, the valley has been a stronghold for hezbollah, another seven people were killed in israeli strikes on the coastal city in lebanon. i have been getting the latest on a that from our middle east correspondent in beirut. those attacks happened with no warning by the israeli military, there hasn't been reaction from the israeli army explaining those attack, what was beings targe

challenge corporation, as a managing director of the european bank for reconstruction and development come as a financial inclusion leader of the worldhis treasuries principal deputy assistant secretary for international development policy. which is where i first had the opportunity to work closely with her etiquette ago when she let the u.s. governments a efforts n the action agenda on financing forr development. we are excited to welcome her back to csis to discussed the importance and relevance of climate resilient infrastructure in international development. so now please join me in welcoming assistant secretary latortue to the stage. [applause] >> as i spent much of last night trying to reach my godmother who lives in tampa, florida, i was reminded once again we live in a different world. and so we must, we must do things differently. good morning. and my thanks to you and to csis new sustainable development and resilience initiative for creating this space that brings us together to talk about a vital issue. hurricanes milton and helene are a vivid and painful reminder of the importance of resilient infrastructure writer in the

development commission said, quote, it's fully confident it will achieve its full-year growth target, but it held back from introducing stronger measures in terms of stimulus to boost the economy. the world bankerday it expects china's economic growth rate to decline further in 20252 despite a spare boost from its recent surprise stimulus. joining me now is purdue university distinguished fellow david malpass. david, great to see you. >> hi, maria. maria: thank you so much for being here. what did you make of that big china stimulus? >> they got everyone excited by saying they were going to do stimulus, and then they put boundaries on out it. maria: what a surprise. >> what a surprise. so it pulled the rug out from the ec wety buyers. equity buyers. but the message to me is the central plan is intact. they're controlling what's done, and they aren't going to go in a market direction. so that gives them this slowdown that they're suffering right now. maria: yeah. chinese stocks slump. among skepticism, weak holiday data is how bloomberg titled what's going on there. look, investors have to understand that when they're buying these companies, especially chinese stocks trading on our exchanges,

development banks to support these countries. you are right, they do require all the attention the world can spare. >> let me follow up on that andhen we will take one more question and wrap it up. when you are talking about preparing for the next shock, is it conceivable that the next shock is coming from an area of fragility? generally, the conventional wisdom is that these countries are very relatively small economies that don't impact the global economy, but how do you assess that? kristalina: first, let me say this. i did not quite answer your question, my thinking is to teach us and help our members to think because the unthinkable is going to happen. we are building this muscle so we anticipate and then we respond quickly and we lean forward to target the most vulnerable. could that be the unthinkable that comes from a small country? of course this is possible. a small country developing terrorist capabilities in a world where drones can go anywhere, yes, a small country can cause big trouble, yes. so, how do you counter that? you make it so countries have opportunities. as many of you know, i was the crisis commissioner.