WORLD BANK / LATIN AMERICA CARIBBEAN

10-Mar-2021 00:03:53
World Bank Group (WBG) president David Malpass highlighted the need for transparency of COVID-19 vaccine contracts and said the WBG hoped this fiscal year to provide USD$10 billion of assistance to the region. WORLD BANK
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STORY: WORLD BANK / LATIN AMERICA CARIBBEAN
TRT: 03:53
SOURCE: WORLD BANK GROUP
RESTRICTIONS: MUST CREDIT WORLD BANK GROUP ON SCREEN
LANGUAGE: ENGLISH / NATS

LOCATION: 09 MARCH 2021, WASHINGTON, DC, USA / FILE
SHOTLIST
FILE – RECENT, WASHINGTON, DC, USA

1. Various shots, World Bank Group Headquarters

09 MARCH 2021, WASHINGTON, DC

2. SOUNDBITE (English) David Malpass, President, World Bank Group:
“The first point I want to make is the World Bank is working directly with countries, to help them do financing of contracts. Second point is that transparency of contracts is very important for the world. I've made that point at the G20 a week ago, that both the delivery schedules that are going into the advanced countries, and the deliveries that are going from vaccine manufacturers, need to be made more transparent so people know where there can be additionality.”

FILE - 13 MAY 2020, EUGENIO ESPEJO HOSPITAL IN QUITO, ECUADOR

3. Still photo, intensive care unit medical professionals treat a COVID-19 patient

FILE - 18 APRIL 2020, GENERAL DEL SUR HOSPITAL IN QUITO, ECUADOR

4. Still photo, medical professionals implemented a “triage” area in the parking lot in order to meet the demands of a possible increase in people infected with COVID-19

09 MARCH 2021, WASHINGTON, DC

5. SOUNDBITE (English) David Malpass, President, World Bank Group:
“We hope in the current fiscal year we're going to reach $10 billion of assistance into Latin America and one portion of that goes through social safety nets. And those are very important programs to have supplemental financing because they're targeted to the poorest people within the countries.”

FILE – 01 JUNE 2020, LIMA, PERU

6. Various still photos, long queues to access various services

09 MARCH 2021, WASHINGTON, DC

7. SOUNDBITE (English) David Malpass, President, World Bank Group:
“I really wanted to emphasize the importance for the whole region, for Latin America and the Caribbean, along with North America, the importance of trade across borders because that's where you get huge efficiency gains, as people work to be productive in parts of the global supply chain. So that's a really important part of what Latin America can do, I think, to be interconnected.”

FILE – 01 JUNE 2020, LIMA, PERU

8. Various shots, street scenes during the COVID-19 pandemic

09 MARCH 2021, WASHINGTON, DC

10. SOUNDBITE (English) David Malpass, President, World Bank Group:
“We're trying to avoid a situation where the debt is simply rolled over at a relatively high interest rate and then it continues growing out into the future. So that requires the creditors of all of the official bilateral creditors, the private sector creditors, to work toward finding lower interest rates for the various debt that burdens the region.”

FILE – 01 JUNE 2020, LIMA, PERU

11. Still photo, public transportation in times of pandemic

09 MARCH 2021, WASHINGTON, DC

12. SOUNDBITE (English) David Malpass, President, World Bank Group:
It's a big challenge for many of the countries in Latin America and one that I think the international financial system needs to find additional ways to address it. My goal as World Bank is to identify those countries where the debt burdens are unsustainable, and then find pathways to create sustainable debt burdens, so that the people of the country can have light at the end of the tunnel.

FILE – RECENT, WASHINGTON, DC, USA

13. Wide shot, exterior, World Bank Headquarters
STORYLINE
World Bank Group (WBG) president David Malpass on Tuesday (9 Mar) highlighted the need for transparency of COVID-19 vaccine contracts and said the WBG hoped this fiscal year to provide USD$10 billion of assistance to the region.

on vaccine contracts and delivery, he said, “the World Bank is working directly with countries, to help them do financing of contracts” and stressed that “both the delivery schedules that are going into the advanced countries, and the deliveries that are going from vaccine manufacturers, need to be made more transparent so people know where there can be additionality.”

On World Bank support for Latin America he said, “we hope in the current fiscal year we're going to reach $10 billion of assistance into Latin America and one portion of that goes through social safety nets.

Onn the importance of trade he emphasized “the importance of trade across borders because that's where you get huge efficiency gains, as people work to be productive in parts of the global supply chain.”

On debt burdens and the need for action, Malpass said, “we're trying to avoid a situation where the debt is simply rolled over at a relatively high interest rate and then it continues growing out into the future. So that requires the creditors of all of the official bilateral creditors, the private sector creditors, to work toward finding lower interest rates for the various debt that burdens the region.”

On countries affected by heavy debt burdens, he said, “it's a big challenge for many of the countries in Latin America and one that I think the international financial system needs to find additional ways to address it.”

Malpass was speaking at a media roundtable about the importance of support for Latin America and Caribbean, one of the regions worst-affected by the COVID-19 pandemic.
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