We're working directly with the developing countries to have programs in place. There's a website, and I encourage people to go on the website and see the documentation, because the vaccination efforts are actually very difficult for countries to carry out, even the advanced economies have had challenges. What we're doing at the Bank is trying to be very transparent in terms of the programs that we have and the contracts that we have. ![]() But you also have the economic setback, while they fight the disease. Not only do you have hundreds of thousands of people losing their lives, millions around the world. As we see in India, the economic setback from COVID - from the outbreak is severe. MALPASS: It's vital not only for the lives that are saved, but also to allow people's economies to get back on track. JANZON: How important are the vaccinations for the developing countries? In some of the developing countries, people are reluctant to be vaccinated, and yet that is going to be a life-saving development. And then also there are needs to be a communication effort to overcome the hesitancy. Some of the money goes to the deployment, the actual capacity-building in country. That includes the purchase of vaccines, some of it through COVAX, if they have some supplies that begin to become available. We're working hard to set up programs in individual countries - we hope to have 50 countries and as much as $6 billion of financing available by mid-year by the end of June, to support the countries vaccination efforts. But also, very importantly, it is the lack of vaccines right now. ![]() MALPASS: They need to redouble their efforts on education, that's clear. JANZON: What is needed for the developing countries to catch up on the economic recovery? The World Bank is very focused on helping children in developing countries get back to school. In other words, you're losing both the backward movement and the advanced that they should have had in terms of their learning skills during the days that they missed. What the data shows is that children who are out of school tend to go backward, and plus they lose the time in school. BEATRICE JANZON: Many children have been out of school during the pandemic, what will be the long-term effects?ĭAVID MALPASS: Unfortunately, they are severe.
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