Wellbeing of the children affected by the ongoing crisis. And ive got his son now recovery f as on the way in hair out province after another earthquakes rock on sunday. One person was killed and 30 injured in the 6. 3. Magnitude trema in the province of hair out the powerful quake is a 3rd hit, the country in the past week. More than 2000 people have been killed in thousands, a homeless as winter purchase. In ecuador, businessman danielle, no boy is set to become the countries young as president doctor declaring victory in sundays election. The 35 year old beat has left his rival with 52 percent of the votes. The boy will only have 17 months in office. The election was treated early after ongoing prize and gave him a law so dissolved upon him in during an impeachment trial. Bolans ruling law, Injustice Party is unlikely to secure a 3rd term in Office Despite being projected to win. Most sees in a general election on sunday exit polls showed the right wing p i. S a set to win 36 percent of the vote. Its natalie ahead of the centers. Sa position led by donald task. So they coalition in the form of European Council president s alliance is likely to secure majority with the support of other opposition parties. Alright, a quick update. Now, all of the developments in the guys award this hour. This is a guys, a skyline is radio strikes. Ive continued to pounds of palestinian territory, killing more than 2750 pounds is to me and since last saturday. And that into some more than a 1000 children. A number of these really is killed in how much is military operation now sense at 1400, including 291 soldiers. These are in the army also says that a 199. 00 captives are being held by a mouse in gaza, continuing coverage of this conflict on our, to sierra in that just under 30 minutes counting, the cost is next tuesday of the saves them even been coming to add the new International Anti corruption excellence award. Nominate your hero now the why . Money inside this is townsend. Nicole stone. Algebra. Youll make me look at the world of business and economics this week and time neighborhoods destroyed no electricity, fuel food, water as well, and poses a total blockade. On gauze is moving 2300000 palestinians also this week as well as the economy face. This new on says and see from the gospel, we take a look what it could mean for israels economy. And for the 1st time in 50 years, the im s. M will bank who but annual meetings, only african confidence, discussing economic growth, Climate Change debt and equality. Israels declaration, if new on guns are following a surprise ministry offensive by how most has jolting Global Financial markets, Oil Prices Surge before pulling again to 70. 00 a barrel is physical wind, a regional conflict to called Goldman Sachs full costs. The brent crude could climb to a 100. 00 a barrel by june. If the conflict drags on High Oil Price would further complicate efforts to contain inflation and a fragile global economy. But what is the initial cost of the wall in the gaza strip and on israel . Lets take look. First of the grim humanitarian and Economic Situation in gaza. The gaza strip has been on the and is really a land and sea blockade since 2007. It is one of the most densely Populated Areas in the world. Moving 2300000. 00 palestinians live in an area of around 365. 00 square economics is United Nations says the Unemployment Rate in gaza is one of the highest in the world. 70 percent of young graduates dont have jobs. And navy hosp, the population is out of luck. 64 percent of households are classified as food in secure and depend on humanitarian aid. The situation in gauze and before the war was already dot, its now expected to get even worse. Is 2300000 residents where the phase shortages of more test food and fuel on a daily basis. 40 percent of the water supply is lost on the way to consume is due to the crumbling infrastructure system. More than a 112000. 00 families without the regular Food Supplies because of these really as strikes and the 4th closure of you and release. And what agency, Food Distribution centers, electricity and fuel show which is a crippling farming and fishing meetings as even less food. And the only local electricity producer has shuts down often running out of fuel, as well as wells cart. Menissi operation against garza is not the fuss between 282021. Israel launched full major offensive in the besieged enclave. Of this conflict, palestinian say is different. In the past 5 days of israels bombardment, at least 330000 people fled that homes. And none of that is likely to rise because it is going to need billions of dollars for the reconstruction of homes, businesses, water, and electricity infrastructure. As well as the hospitals that have been damaged or destroyed by is really strikes. Now back in 2021. These really ministry offensive destroyed 1500. 00 Housing Units and costs the gaza economy move in 479000000. 00 from 2006 to 2022 garzas Agricultural Sector last about 1. 3 1000000000. 00 as a result of israels blockade. And multiple attacks to, to discuss all of this on join by bus inquiry from armada in the occupied westbank. He is a former Palestinian Economy, minnesota, and currently the ceo of the pharma cat group. Thank you so much for your time, sir. So israel has now imposed a complete seas on golf and that includes the bond of food, electricity, and fuel entering this. The strip give us a sense of what impacts that is likely to have on the people and the families that live in gaza. What were seeing as of today, simply put, and this has happened over the past 6 days, a simply was crimes. And the situation is really a diet. I am in Constant Contact with the of the stuff that we have 22 employees, that it 2 of them have most homes. One of them the has just small damages. But the, youre speaking about whole neighborhoods being wiped out. It is happening is unprecedented. And the needs to be stopped. Golf, a sole power station has now run out of fuel without fuel. How does a population survive . Well, uh, i would like to emphasize the fact that even before this latest war, because a has been suffering from huge power shortages and maximum for hours. So people in gaza eh, have depends on the generators, but the 5 agend that 8 those that, that they can and get the keys for the 4 hours of, of like just a date. Now what is happening is that also these private generators have either even being blown up by the explosions, by the end bombardment, or, or have it on up a few of the weve been in contact with the main hospital in gaza. See for hospital. And theyre telling us that theyre also having severe problems that tell us a bit more about the medical situation there because the hospitals rely on aid coming in. And that is not happening. No, thats true. Unfortunately, a is not coming through and the, the mother because tuition is definitely very biased and does a has only 2 small factories folder manufacturing pharmaceuticals. I wasnt contact with the, with the 2 factories. And of course none of them are working. One of that was severely damaged. So the situation for medicines is as becoming also bio and a less we can push for the entity and the relief to start entering into gaza. Definitely, there would be lots of huge catastrophes for them, for the people that are due to the lack of medication, 300000. 00 people in total so far i believe have been displaced from their homes wherever these people go in because theyre obviously not allowed out of casa, what were seeing is that the schools, the public buildings, they of course, the government buildings, but other buildings on the web. Buildings are becoming the only refuge for people that and the, the bombardment. This time is started at this cost of the right to undermine neighborhood. For those of you who dont know guys, uh they might be. But who is that . What you can describe look a bit more an upscale neighborhood in gaza. It is not the refuge account in the inhabitants the of the, in the middle class. So time of the class a and the, some of the buildings, dad, or mazda story buildings, and the, youre seeing the head to the hot core of the guys, the community, the headquarters, because of society. So what do people go . This is a very good question. I, i was in contact with a doctor friend of ours, and he has do with citizens. He has a greek citizenship. And through the embassy they evacuated him to go to the huh. Check point to go to egypt. And on the before that, each that off with like one or 2 kilometers is going back to the, the check point that they bought the crossing. And so basically i called him back, he said with no back in the, in gaza. I was, the neighborhood is almost completely devastated, and definitely we dont know where to go. Mr. Cory, many thousands were earning a living by working in israel were hearing now reports. Many of these jobs have now been terminated. What impact is that going to have on the economy and gaza as a result of the shortage labor shortage in is or isnt allowed around 15000. 00 sleepers to work in is a this became the most influential and most it is source, most important source of income for thousands, however, it could hardly make it that the cost of a few of the economy of gaza is especially with the situation over there that has been and pushing for the decades. But still it became a very important source of income. And its important to point out that before the last war as of a and e or for should 70 percent of people of gaza depended on the foot date from, from different places. The. Its the, the situation, unfortunately a with, with these labels is very bad. We are not getting many of those labels in to the testing intended to the end westbank different cities. So its also another human catastrophe that is coming here. Youre speaking about the is thousands of people that are left with nothing in the west bank at the families on the, on the receiving end of the environment and gaza. So its, its, the situation for them is very about. Thank you so much for your time, but the inquiry from armada and the occupied westbank for my Palestinian Economy minister. Thank you. Is really stokes and bones fell up to how much launched its military operation. And many businesses and schools have remain closed. American airlines and some european carriers have suspended slides. Israel, well, governments have deadlines to be capital when flying in is riley space analysis by radar bulk switch specializes in navigational data, shows that about 30 percent of slides too. As well, where cancelled in 3 days. 1000 of the 3000 and slide shut duel between that saturday october the 7th when the will began and wednesday, the 10th were grounded. On the other hand, the central bank announced it was setting up to. C the 1000000000. 00 and farm was of the shore of the national car and see the shackle is riley currency has already lost roughly 9 percent of its value compared to the us dollars so far this year, and is now full into a 7 year. Lo, joining us from london now is iran yesterday of a member of the center for my career economics to belong to the school of economics. He is also an economics professor at the a town butler school, if economics at tennessee university. Thank you so much for your time. 300000 old re as rarely as have been taken out of the workforce to find in this world, presumably that will have an impact on as well as the economy. Before we discuss economic costs, let me point out the obvious, the real big cost of the human to cost in israel, children, women and men have been killed, had been kidnapped, have been wounded. Garza is being bombarded and people are killed. Theyre, theyre used to terrible human suffering. And this succeeds by far, any konami costs as were going to talk about. And as to your question, yes, it can be something in the order of almost 10 percent of the work force that could be mobilized to the war rather than doing normal work. And tell us a bit about these reserve is what, what all the edge on. So if they are not doing those jobs, what sort of impact are we talking about . They come from all over the economy. Its not restricted to one particular sector and the economic costs, but as well in this context is due for on the one hand you news, the output produced by these people in the various industries. On the other hand, you have to finance their mobilization into the war effort, which is obviously costly. Its not that they the interest fight will do any duty they use military capital. They need to be paid by the government and so on. So its that you lose output and you create expensive. Were seeing the current seeing the shackle. Take a bit of a hits. Its folded into a 7 year know over the last few days. What is your outlook for the currency . Basically on pessimistic about currency, although with calvin c markets, its very dangerous to full cost. The short term, even the long term is pretty difficult. The shack kind of has been depreciating since the beginning of the year because of the very substantial negative political developers within israel. So each went from around 3. 00, roughly a bit less at the end of 2020 to 2. 00, over 3. 80 recently before the war, and now it has chalk up to the region of 395. 00 im going on to for i believe you to attach for shackles to the dollar at some point. So its a combination of factors for you or, and war. I dont see the shackles trending by very much. The possibility of that is remote at this stage i, the st. The uncertainty is all far will the depreciation go . Well, the 2nd of the appreciate substantially more or much less so, but i dont see and a real possibility soon of an appreciation of the shadow. Right. And presumably the same sort of reasoning will Impact Investment in invest a sentiment as well. Exactly. Investment has been fully free war because of the great political developments, especially investments in the high tech sector. And investment will surely full. Uh now, oh, continue to fall or the full will be worse. But obviously that depends a lot on the severity of the duration of the war, which at this moment is very unclear. We talked about the cost of the war on israel. The us has Just Announced an additional 8000000. 00 in aid to israel. But obviously with the ongoing one, ukraine. Now this will, how long realistically, do you think the United States and others will continue to provide that sort of Financial Assistance to as well as well in normal times, any recent decades is around, it has not really needed at all. And the american assistance and the assistance that was there was mostly for military purchases and a big chunk of it was actually on american exporting funds. So it benefit to the us as well is really is no longer this poor economy reliance on the us. And in fact, it is running normal times can stop us assistant altogether, and i would actually advise these riley government to do so. The Current Situation may be helped by us assistance, but i view it more as a political gesture and a signal of support rather than any major us economic a. Again, israel is not in the situation of a few decades ago where hes actually really needs american assistance. That said, there is a point about munition in arguments that what is what is in need of us assistance. And that again depends on the duration and the severity of the war. For example, if the war extends to because the law 11 and to conflict with the wrong and so on. Many thanks for your time aaron. Yes, she economics professor at the time, the gas school of economics at talladega university. Thank you. Thank you to the wells, finance ministers in Central Bank Governors have met in more cash more. Okay. To discuss ways to tackle Climate Change, natural disasters and that restructuring. The m. S. And world bank gathering, african nations cold for reforms im 5 representation. How soon . How about our reports now from our cash . Crystelina. Georgie. Ava is electronic fences. A prosperous, 21st century is only possible with prosperous africa offering greater Economic Cooperation between which western nations and african countries. For the 1st time in 50 is the International Monetary fund of the wealth bank have held the annual gathering on the continent. The to Global Financial policy makers of facing growing backlash from africa, nations in the capital with aging populations. If we built the brits for capital to travel ways will make a difference. I think it will do well. The wealth will do well. Whats african countries wont lenders to respect the sovereignty and stop issuing orders, but above all, the want an overall look it over the Financial System for you is poor countries have been calling for the reform of the International Monitor system seeking the biggest say, you know, i may have decisions, they also want to end the condition of implementing will start to measures and spending costs. In exchange for loans, a practice, they blame for the political and economic wells. Host morocco is a long time bottle in the aftermath of last month. Devastating earthquake. The im at approved a 1300000000. 00 loan for the building and recovery. But lowes and credits may not make much difference. It means growing challenges when we are having the conversation of how much Financial Resources are available. And we need to choose between Food Security dept. The claim is fine. Is a condo make . I would say investment, we need all of this and this is our i would say, pledge to gather the global economy, has changed. Finance members have so coast quote as a voting powers based on that economic performance. China, as quote is less than japans. Badging wants that to change to reflect its growing economic clout, Global Economic outlook for 2024 is going growth in some countries in the middle east and north africa has fallen sharply compared to last year will in ukraine, foot shortages, and the inflation was slow Global Economic recovery. Thats why were trying to do in the course of this entire process of this annual meeting. Am seek approval from our governors is to redefine the vision of the bank to be bad of it advocating poverty. But on a livable plant. And what we mean by livable plant is exactly these challenges of pandemic. Some Climate Change and food and security and fragility, and those kinds of issues that peter far too slow recovery is bad news for countries struggling to repay debt lenders, dishing out spending on bottles may suffer for years. Argentina is struggling to restructure its 4 to 3000000000 dollar am if loan agents bones of tumble following moodys writing caught by his done some be a gunner and many others may not be able to repay the creditors. Ok to this, urging the im a world bank to write of debts, warnings that the restructuring wont solve the problem. Partially my butler for counting the cost by the cash. Well have i met with for read the hodge who was the Vice President of the world bank for middle east and north africa. He began by asking, what will bangs full costs for the region means for these economies . As you know, the economies in men are divided into broadly speaking, all one is those countries that are exporting oil and those water importing. What the dramatic drama thing going away is coming from those countries in the gulf and of julia and libya. So it shows that, you know, what prices go down and these economies go down. No one thing to keep in mind. The Non Oil Sector of goes economy. Theres Something Interesting happening. Diversification is spitting, go very much, look at whats happened against older, almost 44 percent growth in des moines, non oil segment of the economy. This is very encouraging, and it gives you a sense that, you know, were going to head on diversification is the way for this is why, whats happening. So the regular, whats happening is the weight is really to be encouraged and hopefully all the countries in the gulf of all exporting countries will do. We do the same as ive also met Catherine Patel or the Deputy Director of the m s. Africa division. He began by asking a if they was line to the end of the tunnel for the african economies. After 4 years of crises including the global pandemic, there are some tentative signs that the outlook for the african continent is improving. Now the region is very diverse, but were seeing an expected improvement in growth from 3. 2 percent in 2023 to 3. 8 percent in 2024. Again, the situation is diverse and we expect so that given higher private investment, which is a good sign, private consumption that will see increases in growth in around 3 quarters of the economies. On the continent, petticoat brooks deputies directed the International Monetary fund, spoke to how soon about the international laws, refunds, Global Outlook for growth in 2024. Well, we are having a global economy. That on one hand has been quite resilience. Often many shocks that have hit over the years. So in that sense, i think that is the positive in our assessment, the that resilience that weve seen. But then we also seeing growth this year, a 3 percent and next year of 2. 00, that is relatively slow by historical standards. And we also seen growth that is very uneven across regions with a lot of divergences. So, so i think thats the theme of our report and speaking of diversions is this also we see it in the near term to we have upgraded our forecasts for the us. We have downgraded our forecasts for the your area in china. We have upgraded our forecasts for many emerging market, so were seeing different developments across the world. And thats also the best way to get in touch with us on x fully and as a switch at money inside the use the hash side age a. So you can see when you do or close, you can drop some e mail counting the cost of that out. Is there a dont net is address . Im is not to move you online. I out is there a dont com slash see to see that will take you straight to a page which has individual reports links in time episode speaking to catch up on that is it. So this edition is counting the cost i money in sites and whole teams. Thanks for joining us to these on al jazeera is the latest news as a supplies are finished. If there is no a humanitarian car door to enter 18. So the goal is to thats the ends of it, with detailed coverage. Who is the firewall . As of what we understand to be rockets, flyers from dollars are over there all from around the world. The are now to know the unity, the senior factors, the we like the a thought provoking ons, but the patient doesnt have time to wait for the extremely unfortunate, but there are no quick wins and events or research hard hitting interviews. Do you feel like america is the best thing to do since these days, or is it just a different full . I think the democracy in the process basically entities do you feel that the fraction is already starting the g 7 in the us on one side showing the end, the brakes on the other. I think there is a huge piece of that to happen to the story on talk to how does there so many politicians want to be the Republican Party is candidate for to any stand a chance it gets donald trump, if our planet is burning and were running out of time, why arent we doing more to deal with Climate Change or american politics just getting to your wife, intuit, stream for most americans . Because it can look you as part of the bottom line. The. The services in use are on out to 0 for the back to go live in doha, with continuing coverage of his rouse will, on guys coming up over a 1000 children among 2750 policy and skilled. And hes really strikes on guys hospitals have hours left before fuel runs out completely across the b. C trying to see me in territory where when traits for the us secretary of state down to me, blink