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tv   [untitled]    December 3, 2021 2:30pm-3:01pm AST

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had in that this area was once choked by heavy air pollution. for decades, shogun was aging industrial hub and main source of smoke. these trains used to transport iron or coal, and other materials. the area now houses the offices, the beijing winter olympics and has become popular with tourist, with an estimated half of the world's construction taking place in china. buildings here will continue drawing global attention and designers hope for the better. and not the worse katrina, you are the 0 aging. ah, let's take you through some of the headlines now. south africa health minister says the country can manage a full wave of covey. 19 infections without imposing strict log thousands more than 11 and a half 1000 cases. fueled by the omnia kron very in to being confirmed in one day
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to meet them and has moved from harrisburg. they say they're ready for a 4th wave. the hospitals are prepared. there is enough oxygen at the moment, only 4 percent of hospital beds have been taken up by people who need that kind of medical intervention. so really what they're doing is waiting for more data to understand better how this particular variant works. and i suppose take it from there, but for the moment they're saying we're not going to heighten restrictions. we are really facing these travel bands. our economy is backwards. we really need to look out for self african lebanon's information minister has just announced his resignation in an attempt to resolve a spat with saudi arabia and other gulf states. george quoted that he was appointed less than 3 months ago. he said who 3 rebels in yemen were defending themselves, and they're fight against the saudi led coalition of re arm band all lebanese imports. and recall that some of the wrongs chief negotiator tells al jazeera world
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powers cannot reject draft proposals that submitted during talks in vienna. in an exclusive interview, alibaba, the county says old nuclear related sanctions from the u. s. should be removed immediately. the 7th round of talks is expected to wrap up on friday. 12 people are reported to have been killed in an attack on a village near beale in northern iraq. the kurdish regional government is blaming an eyesore. it says most of those pills, the security force members trying to protect civilians. the crimes defense melissa says roger is planning a large scale escalation along the shed. border kremlin has repeatedly dismiss suggestions. it's preparing an attack. it's inside story next here. now just 0. so stay with us. news
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news. an attempt to rival china, bells and mood initiative. b. u unveils a 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? no. and can the book compete with b jane? this is in science story. ah hello and welcome to the program. i'm how am i doing? it's been described as a roadmap for major investments and infrastructure worldwide. the european union's
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global gateway strategy is seen as a challenge to china's belt and broads initiative. the plan to raise $340000000000.00 to finance infrastructure. it will focus on transport, health, education, and digital and climate projects. in asia, africa, the middle east and latin america. they, you is china's biggest trading partner, and the projects would allow it to promote its geopolitical influence. aging has extended its own reach during the 8 years since it launched its own initiative. while the belts and ruins program force in 2013 its president cd pings signature project to connect china to the rest of the world. beijing is investing more than $800000000000.00 over $13000.00 projects. 165 countries in return, china gets access to the role materials. it needs to few it's growth. but critics
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say the initiative has pushed many countries deeply into debt. will 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 vin. i've chosen and is the director of the african program at the carnegie endowment for international peace in washington, d. c. and brussels. we're joined by louisa santos,
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the deputy director general at the business europe. that's a lobbying group representing businesses in europe. and victor go 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 its main trading partners. but also we did neighbors developing countries. it's also a way of your show that it as a model, an economic model, but also to political model. death is an alternative to others that exist that
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including about and we can issue 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 relating to the projects. and from our perspective, it is a very good initiative and one that was long over due. let's not forget your piece already. the largest owner in the world, the largest 3rd. what we are doing now is trying to have a more strategic approach and more team europe approach, trying to prioritize different initiatives and putting them on their common umbrella, the global gateway. well, that's the perspective then from team europe. say not this me and what are your thoughts about this proposal?
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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 sources of investment? so i think it's so generally a welcome initiatives that are finally there. can you hear that 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 clarity 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 convert with the rest of the world to be able to diversify their economies, which are in africa. 8, it has 8 of the walls, 15 least diversified economies, the end of all gas,
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minerals and primary agriculture 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 weighted mood because are, you know, there are, there are 3 things that perhaps a lot of law on looking out for number one. whether this initiative is going to try to respond to african priorities as defined by africans themselves around jobs and infrastructure. but also around, very, very, very recently around 900 vaccines are all pharmaceuticals, you know, the european union and, and maybe you can countries have not supported the initiative about the wanted organization to have a temporary i q waiver on, on technology, around a lexical that $90.00 in production, but also around elicit financial flows,
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which actually drain resources from africa up to $90000000.00 per adult. what are the continent receives and development assistance? and what i, you know, on this new initiative is going to actually build on the competitive advantage that europe passed 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 route is in a way that doesn't force africa to engage in this new world war phenomenon that we see plain out in the rest of the world and, but do you think further they alternative to, to the industry as 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?
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so what is it, what is the very interesting with chinese engagement in africa? ah, we know which kind of accelerated for we're 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 way then explicit transaction that they once resources and, and he's 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 the
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structure. and i'll give you some are striking statistics, you know, which were published at just about a week ago before the start of the, for on china, africa corporation just for, let'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 are 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
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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 lens are 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 a competition. it is very much welcomed, not only by its china, but by all the receiving countries. however, if you listen to president her along the layers,
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speech about the global gateway, then you'll 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 our political agenda, or by politicize the such infrastructure and connectivity. we all african centers in particular suffering from colonialism for several 100 years. and when the british colonists left africa infrastructure was in shamble, and many african dentures are not connected with each other. and they need to fly to european capitals for transit act, 2 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
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us, a from business, a euro. we have heard there that about china. welcome to the competition, but is weary of the political under tunes of this. do you see political undertones in the global gateway initiative? snow. i think that it's clear that the model is different from the chinese model. the global gateway is based on the business is based on transparency is based on reciprocity, but definitely may be, friendship off are not totally in line. we want to china once, but i mean, i think that and we always been very clear also let's as, as business, we have already infrastructure in place that was billed under the about the globe initiative. i think it doesn't make sense to create parallel initiatives
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for 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 and respect of our environmental rights for climate change. and 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 for great. 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
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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 and interests or on european companies, we want also to cooperate with the local governments and local business. of course it fixed. it was quite interesting when you said there and said louise santos were aimed at bringing together an existing trade in existing projects. how much of this is going to be new money? 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? well we have new facilities now and most of what will be new will be money brought by actually the private sector and some of the financial institutions
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that will be in that will be also associated to, to, to that to they should. and there is also an important component in the idea will be also to bring very a lot of national projects because we have also development banks at the 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 part or what we see tons of resources. but i think the final financial envelope will depend a lot on also the viability of the projects. and if the project viable and they make sense from a business point of view, of course, much more money will be gathered from the private sector as well. say not boost. and we've heard the ethos behinds the awarding of money for
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projects, and someone will be very much based on europe's rules on rules of transparency and so on and so forth. where's the incentive for countries to support 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 the largest, 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
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donor funding is not just development assistance. that is good and that is needed, particularly in parts of the continent that i owe him 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,
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we initiative, the risk african markets can help prepare a pipeline or mental 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 see how this is actually going to happen. and speaking of risk, victor in beijing over the last last 8 years or so, 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.
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thank you very much. i think 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 you're purely use commercial terms and commercial structure, then it will not work to because many of the company is, will find the investment tom's too long to do because profit, the ability to so 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 a different african countries, but also to make sure that you really contribute to connectivity and infrastructure . absolutely, i'm not sure of africa here. victor,
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i'm 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 service. so that's the china recognize that it's lens and 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 talk 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 a buyer, all commercial structure to make sure that the infrastructure projects will be done
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. well, let's take that risk and, and see how it applies a back to that, the global gateway initiative, luis desantos and the we've 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 of the 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
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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 in 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
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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 european countries actually make this make this work on the ground. in reality, i locked it ends on the extent to which others gateway initiative is actually informed by the needs of parties. all these developing countries around,
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in the case of africa, created jobs for the $1315000000.00 people joining the labor market every single year. around our plug in the infrastructure, financing gap around a $100000000000.00 a year around. and there wasn't, li, are providing financing for adaptation to climate change to that, you know, 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 in our bozeman, luis desantos, and of course, joining us and paging fixer go and thank you to for watching. remember, you can see the program again any time by visiting our websites, al jazeera dot com. and for further discussion,
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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 ha, insights story. so for me and the whole team is fine, and i ah, [000:00:00;00]
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a guess with if america held up a mirror to itself, what would it see in a sense the race is the story of america. what's working and what's not? a lot of people were only talking about that. it wasn't at the top of the agenda if america can handle multiple challenges on multiple fronts. we need to go back to school. the bottom line, when i was just there, i'm talk to al jazeera. we are, how would you describe taliban relationship with the us?
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we listen copies. one kid is not told for 19 has been terrible demonstration of the failure of human solely that we meet with global news makers and talk about the stories that match on al jazeera. ah charges there with me the hill robin indo reminder of our top news stories. south africa health minister says the country can manage a full wave of caves. 19 infections without imposing strict loc downs. more than 11 and a half 1000 cases fuel by the alma com variance have been confirmed in one day. for me. the miller has more from john's book in the last address by a president forum. of course, when, after this variant was to take did to the surprise of minutes of africans,


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