tv [untitled] December 3, 2021 10:30am-11:01am AST
stock exchange and the sewer listing in hong kong. instead, the company pushed ahead with its 4000000000 initial public offering in the u. s. in july, despite warnings from bay ging about dances, security chinese cyber authorities ordered the removal of 25 of its mobile apps from store citing national security concerns. ah, let's take you through some of the headlines here now. j sierra now, south africa's health minister says the country is entering its 4th wave of corona, virus infections filled by the newly discovered army chron variant. more than 11 and a half 1000 infections have been confirmed in one day, 5 times. the number reported a week ago president joe biden has announced tied to restrictions for international travelers. the u. s. has reported army kron in 5 states, including one person in hawaii who had no history of travel. run
a fight as variance with science and speed. not chaos and confusion just like we beat back over 19 in the spring and more powerful variant deliver in the summer and fall. as result, we enter this winter from a position of strength compared to where america was last winter. and last christmas, you're in a one percent of american adults were fully vaccinated. this christmas, that number will be 7772 percent, including more than 86 percent of seniors population. south korea is making it mandatory to show vaccine pulse for more public spaces, including cafes and restaurants. the passes already been in use, but until now, only for high risk then use like jims. south korea is ramping up restrictions and confirming 5 cases of the on the chrome variant malaysia is detected. it's 1st case of the only cron current of virus variance. it was found in a fully vaccinated visitor arriving from south africa via singapore. earlier this
week, malaysia and singapore opened their land bore though, which is one of the world's busiest for vaccinated travelers. germany plans the ban unvaccinated people from most public places. outgoing chancellor, angular merkle announced the measure. she said parliament tool debates making vaccines mandatory by february. you gotten to has sent more troops and equipment into the democratic republic of congo to find the allied democratic forces group. it's part of an ongoing operation which began on tuesday, the backing of the congress east government. the adf have been blamed for massacres in east and the fee, and the tax will come. paula. it's inside story next. so stay with us here on al jazeera polio, cuz she to says he will bring a new form of capitalism. what does this mean?
we bring you the stories and developments that are rapidly changing the world we live in. less than one percent of for vaccines have gone to poor countries. why is that? counting the cost on al jazeera, an attempt to rival china's belt and rude initiative, the e u. unveils and major global infrastructure plan, the goal to invest in developing countries and boost trade links with the rest of the world. but why the interest now? and can the book competes with beijing? this is inside story. ah hello and welcome to the program. i'm how am i heading? it's been described as a roadmap for major investments and infrastructure world wise,
the european union's global gateway strategy as seen as a challenge to china's belt and broads initiative. the plan to raise $340000000000.00 to finance infrastructure. it before his own transports health education and digital and climate projects. in asia, africa, the middle east and latin american, they, you as china's biggest trading partner in the projects would allow it to promote sits geopolitical influence. beijing has extended its own reach during the 8 years since it launched its own initiative, or the belts and roads program is launched in 2013 nits president cd pings signature project to connect china. so the rest of the world aging is investing more than $800000000000.00 over $13000.00 projects. and 165 countries in return, china gets access to the wrong materials. it needs to few its growth. but critics
say the initiative has pushed many countries deeply into debt. well, the european commission president says the book will be a trusted partner and will provide high quality projects. we want to take a different approach. we want to show that a democratic value driven approach can deliver on the most pressing challenges, we want to show that it can on one hand, meet no local needs. but also on the other hand, to tackle the global challenges we have. and thus, in a way also of course benefit the european union. ah, well, let's bring in our guests vena bozeman is the director of the africa program at the carnegie endowment for international peace. in washington d. c. in brussels,
we're joined by louisa santos, the deputy director general at business europe. that's a lobbying group representing businesses in europe. and victor guy is the vice president of the sensor for china and globalization, and he joins us from beijing warm welcome to all of you on this initiative inside story. let's start in europe, louise the sun. so was your reaction? see the launch of the global gateway. what are your initial impressions? good afternoon, everyone. well, our impression is positive. we see this as a strategic approach from europe and new way of relationship with this main trading partners, but also with its neighbors developing countries. and it's also a way of your show that it as a model an economic model, but also a chill political model. debts an alternative to others that exist there,
including about and world initiative. it's also very important for us because it includes, apart from the public finance and the public sector, an important role for the private sector. i mean, the money that we are talking about will come a lot from companies. so companies need also to believe in this project. and from our perspective, it is a very good initiative and one that was long overdue. let's not forget your piece already. the largest owner in the world, the largest investor. what we are doing now is trying to have a more strategic approach and more team europe approach, trying to prioritize different initiatives and looking them under a common umbrella, the global gateway of well, that's the perspective then from team europe as xena bisman. what are your thoughts
about this proposal? it seems that from the business community in europe, it seems to be warm the received. how do you think developing nations are likely to view this potential extra source of, of investment? so i think it's so generally a well them initiative that finally european union in europe more broadly is now thinking about infrastructure invested in public services in developing countries as is from the perspective of africa. because for a long time, this has been a major priority for african countries that they were in need. and still, i need all investment in infrastructure and public services to be able to power the economic transformation to converge with the rest of the world to be able to diversify their economies, which in africa 8, it has 8 of the walls, 15 least diversified economies. and the,
or gas minerals and i'm re, i, the culture goes in these, the incomes of people. so this is, this is a certainly welcome. but i think there's also a lot of a lot of african countries are kind of a, in a wheat and see mood because are, you know, there are, there are 3 things that perhaps a lot of law on. we cannot. what number one, whether this initiative is going to try to respond african priorities as defined by africans themselves, around jobs and infrastructure. but also around, very, very, very recently around 1000 vaccines are all pharmaceuticals, you know, the european union. and maybe you can countries have not supported the initiative about the wanted organization to have a temporary i q waiver on technology, around lexical, the $90.00 in production. but those are on elicit financial flows,
which actually drain resources from africa up to $90000000.00 per adult. what are the continent receives in development assistance? and what are, you know, this new initiative is going to actually build on the competitive advantage that europe pass around as measured pharmaceuticals and vaccines little's around technology and knowledge transfer. and perhaps the final thing is that a lot of african countries are waiting to see is whether this initiatives, response, african proud is in a way that doesn't force africa to engage in this view, world war phenomena that we see plain out in the rest of the world and but do you think verve the alternative to, to the initials proposed by the european union and also by the us. the main alternative would be the chinese belt and rude initiative. do you think that's response a to african priorities?
so what is, what is the very interesting with chinese engagement in africa? ah, you know, which kind of accelerates ed for were on the year 2000 and which eventually became subsumed under the builder good initiative of 2013 is that, you know, the way china has a new approach. this engagement is that they come with an explicit transaction that they once resources and at ease, at the beginning, it was really around obtaining a natural resources, oil, minerals, or tim by agriculture products to power after china's double digit economic growth at the time. right? so it was usually at the time a very explicit transaction that they wanted. what chinese entities anyways, wanted these resources and an exchange they were willing to invest in, ah, at least some of the priorities that african countries that identified around
infrastructure. and i'll give you some, i'll strike in statistics, you know, which were published at just about a week ago before the start of the, for on china, africa corporation just that's 2 days ago. so from the year 2000, 22020, over this 20 year period, china helped african countries build more than 30000 kilometers of roads and railway. more than 80 large scale, our facilities funded over 130 medical facilities, et cetera, et cetera. but at the same time, it sorry to jump in there, but at the same time and, and i don't want to stay on this too long. at the same time, africa is still getting quite a lot in terms of aids, in terms of trades from europe and the united states. and so it is, the figures think cut both ways, but i do want to bring in victor, go who is joining us from beijing or this evening. victor with her that european
business is very keen to just to get involved in the the game of for bridging this infrastructure gap. this is something that china has been doing with the belt and root initiative. since 2013 does china welcome this or competition, shall we say, or is china is somewhat intimidated that the no longer the 3rd, the lender, that that countries will go to get to get these big infrastructure projects done. well 1st of all, if the global gateway is truly meant for building up connectivity and infrastructure in developing countries, including african countries, then the more the better is not only are come, it's not competition. it is very much welcomed, not only by china, but by all the receiving countries. however, if you listen to president her of on the layers,
speech about the global gateway there, you need to worry about it because i hope global gateway is not going to be politicized. and used for ideological agenda and the if competition does happen, we all welcome ads and we hope it will be competition on equal terms rather than on political agenda or by politicizing such infrastructure and connectivity. we all know all african hunters in particular suffer from colonialism for several 100 years. and when the british colonists left africa infrastructure was in shamble, and many african countries are not connected with each other. and they need to fly to european capitals for transit back to african capitals. so it is a shame and everyone you do pitching to build up connectivity in africa as well as in other parts of the world. so from the chinese perspective, we're woke up generally investments infrastructure and connectivity,
louisa santa us, a from business, a euro. we have heard there that about china. welcome to the competition. been, is weary of the political under tunes of this. do you see political undertones and the global gateway initiative? no, i think it's clear that the model is different from the chinese model. a global gateway is based on inclusiveness is based on transparency is based on reciprocity, but definitely maybe these principles are not totally in line with china wants, but i mean, i think that and we always been very clear also as, as, as business, we have already infrastructure in place that was billed under the initiative. i think it doesn't make sense to create a parallel initiative when we have already infrastructure there,
it makes sense that we create connections. but of course, if we do this and if we do this under the global gateway with european money, we need to do it with european rules. and i think these are a p and rules based, for instance, on sustainable development. the respect of social rights, the respect of our environmental rights of climate change. if we do, under these conditions, i don't see why we should not cooperate. but he's very clear that these conditions have to be met to make sure that we can call greg. and let me come back to the african question. i mean, europe and i repeat, europe is the largest owner and investor in africa and around the world. so we're just trying to use and you to a new instrument to gather all the resources that are already being invested by europe, european companies, and european governments, and try to bring in and
a one umbrella with a common objective. and these objective is to be when, when we don't want these to be only something that serves european industries, interests, or own european companies, we want also to cooperate with local governments and local business of post. you said it was quite interesting when you sat there and said louise santos were aimed at bringing together an existing trade in existing projects. how much if this is going to be new money the, the headline figure of course, is $300000000000.00 euros of investments over the next 6 years or so. but how much of this is actually new? but we have new at facilities now and most of what will be new will be money brought by actually the private sector and some of the financial institutions
that will be there in that will be also associated to their till they should. and there is also an important component is the idea will be also to bring very a lot of national projects because we have also development banks at national level that are quite important in some countries. and the idea is also to bring these together. so this is going to be the new park on what we see in terms of resources . but i think that the final financial envelope will depend a lot on also the viability of the projects. and if the projects are viable and they make sense from a business, by the view, of course, much more money will be gathered from the private sector as well. and so it is a not bozeman, and that we've heard that the ethos behinds the awarding of money for
projects. and someone will be very much based on europe's rules on rules of transparency and, and so on and so forth. where's the incentive for countries to, to pump for the european funding model rather than say, the chinese model which may not have such stringent requirements. so, so this is, this is a very interesting point. and this is why i said, i think a lot of african countries, policy makers and scholars alike they, i know we didn't seem to right now because, i mean, my, my colleague, the spinal mentions that europe, europe, is a largest donor, i forget, which is actually true i think the thing though, is that, you know, this is why the, the issue of african brightest white important because for a long time, some african leaders and scholars have been saying that were african needs not just
donor funding is not just development assistance. that is good and that is needed, particularly in parts of the continent that i, or in serious, severe crisis. what african countries need is actually meaningful economic engagement. so it is a welcome initiative, european gateway. and if we can try to make that development assistance that provides even better respond to these priorities around jobs creation around the provision of infrastructure. and then i think that is really, really going to work. and then the final thing out mention of this point is that you know, this, this issue of trying to crowd in private investments with a private sector. i think, i think a lot of work we'll have to go into that because traditionally we find is that the private sector, particularly in europe, tends to be quite hesitant to engage or invest in africa because of this perception of risk. so whether this initiative this to europe, european global get,
we initiative, the risk african markets can help prepare a pipeline or bankable projects for the private sector to invest in. i think that might be a key determinant. so i think a lot of us are kind of in a week and we'll see how this is actually going to happen. and speaking of risk, victor in beijing over the last last 8 years, so that the belt and roads initiative has been underway, china has taken on a significance level of risk because it not with the investments. it's maids. does china see that risk is paying off? because there are countries who have struggled to pay back the debts and the sums of money that they have they've taken on in terms of chinese finance. so i just trying to view that. thank you very much. you are reason
a very important question from the chinese perspective. we have several conclusions . one is that cooperation with african countries should not be just based on donor assistance because that will not really help to build up national capacity in many african countries. secondly, if your purity, your commercial tubs and commercial structure, then it will not work to because many of the company is, will find the investment tom's too long to difficult profit. the ability to solve for example, and they probably will not be committed to many of these projects, especially infrastructure projects. so you need to really innovate to come up with a model that will suit the set was this is indifferent to african countries, but also to make sure that you really contribute to connectivity and infrastructure . absolutely, i'm not just here, victor guy. well,
also thinking of the railway projects and low the, the ports in sri lanka where china has had some of those significant that's paid off by 100 year long leases, and the country is selling off the family jewels in order to services that the china recognize that it's lensing practices, perhaps needs to change somewhat. well, 1st of all, loans are always a very important part of the financing package for most of the infrastructure and connectivity projects. so don't single out as long as if debt itself is evil. if you're talking about debt, do know who borrows most of the money from china? it is not any country africa or even at the america or usa is the united states government? yes. why? and i think as a salad or if it's cool in line to the chinese, the therapist that you need to come up with the vibe, all commercial structure to make sure that the infrastructure projects will be done
. well, let's take that risk and, and see how it applies a back to that the global gateway initiative, louisa santos, at the with highlighted the fact that private companies certainly in europe are going to be a big part of this project id. think being under this umbrella is going to incentivize more countries to, to start reinvesting, if you like, in developing nations. i think his important part of me to get him risky is important, specially if you want to convince them more small and medium sized companies also to be part of these projects. and we know that in certain regions, well, i mean coding in europe. they f a nice are an important partner and even important peeler from an economic point of view. so the projects of the global gateway
foresees the export credit system. so awfully that will be a mitigation of the race. and also the fact that we are, and that is one of the objectives that for business is very important that we really prioritize projects. and that we really look at projects that have a strategic interest seen terms of development, economic development. and this way we can kind of like the resources for the most viable and will strategic projects. i think this will be ways and tools to, to mitigate, to mitigate the risk and coming back again to, to, to the importance of having it can now make development. i think the you recognizes that development ad is not enough and it's not really leading to sustainable grow. so we need to change the priority. and i think this is one of the reasons why the
us come up now. we at the global gateway structure. ok. zayna is that we're on the side of time, so i'll leave the last words to you. i understand it's very much a wait and see how this project is going to unfold. but if you think at this stage is likely to benefit most from the, this new global gateway. so i, i think nothing is cost. and so a lot depends on what approach and how, how, how you repeat countries. i actually make this make this work on the ground and the reality a lot depends on the extent to which others gateway initiative is actually informed by the needs of priorities. all these developing countries around,
in the case of africa, preaching jobs for the $13.00 to $15000000.00 people joining the labor market every single year. around plug in the infrastructure, financing gap around a $100000000.00 a year around. and there wasn't a providing financing for adaptation to climate change to the june of around $50000000000.00. will this respond to these needs set and identify the paradise by african countries? i think that is very much something that will determine how this goes and the ability of african countries themselves to kind of put their own needs on the agenda. and i'm afraid we are out of time. but thank you to all our guests. they now bozeman luis desantos, and of course, joining us and paging victor go and thank you to for watching. remember, you can see the program again any time by visiting our website al jazeera dot com.
and for further discussion, just heads or facebook page that's at facebook dot com forward slash ha, inside story. you can also join the conversation on twitter. handle is a j inside story. so for me and the whole team is by tonight the philippines aspiring to restore fire in duck st. i got the quarterly denied. and the wrong one i wanna investigate on al jazeera, a sacred himalayan summit, law treacherous than everest. cumber connor has never been tamed. revered and feared by locals, yet an irresistible challenge to western climates. a sharper family must choose
between going against their religious beliefs and guiding a group of mountaineers, or rejecting much needed income. the wall of shadows on al jazeera sediment and development have altered the course of the river. it no longer flows to the sea, and around 10 years ago, it became more susceptible to read tides. the bloom of elk a cause as discoloration in the water. i'm going to scoop up as water and you can see there's a rust colored tinge to it. tests by the fisheries department, show the l. he in the getting river is of the alexandria species which produces toxic ra, sleep in a bra him is a fisherman from malicious don't. but district in collect that in the 1990s the giddy river was clear. you could see the said, we didn't have any problems here. now the river is polluted and it smells bad. fisheries officials have issued notices, banning people from selling or eating malice,
found along the getting river. the area affected by the red tide is small, but news of the algae bloom has affected seafood traders in the area. ah. the army kron very and drives up cove. it seen cases in south africa factions 5 times higher than the number of poles that a week ago. ah, i'm sammy's a dam. this is al jazeera alive from the hall, so coming up tensions remain high with a military build up. along the russia you frame border even though both sides say they don't want war uganda and.