World Bank – Ebola [to 11 August 2014]
:: Transcript of Remarks at the Event: Impact of the Ebola Crisis: A Perspective from the Countries
The World Bank convened a special event focused on the impact of the Ebola Crisis. This transcript captures comments by World Bank President Jim Kim as host, President CONDÉ of Guinea; President Johnson Sirleaf of Liberia; President Koroma of Sierra Leone, UNSG Ban Ki-moon, and many others including IMF, WHO, CDC, UNICEF, USAID, and leaders from a range of counties providing support.
:: World Bank Group President Calls for New Global Pandemic Emergency Facility
October 10, 2014
WASHINGTON, October 10, 2014—In the wake of a “late, inadequate and slow” global response to the Ebola outbreak, World Bank Group President Jim Yong Kim today called for the creation of a new pandemic emergency facility that would rapidly respond to future outbreaks by delivering money to countries in crisis.
Speaking before the Annual Meetings plenary, a meeting of the governors of the International Monetary Fund and the World Bank Group, Kim said he would like to develop the proposals for a financial instrument with the United Nations, the IMF and regional development banks.
He said even as the focus should now be intensely on doing everything possible to stop Ebola, planning must also begin for the next pandemic, which “could spread much more quickly, kill even more people and potentially devastate the global economy”.
“The world has an IMF to coordinate and work with central banks and ministries to respond to financial crises,” he said. “When it comes to health emergencies, however, our institutional toolbox is empty: There’s no such center of knowledge and skill for response and coordination.”
He said the Bank Group’s financial teams have proposed several solutions, including the pandemic emergency facility. “The device would pre-package a response, establishing contingent funding agreements with donors and receipt mechanisms for possible recipients. So when a global health emergency is declared, financial support would be readily available and flow quickly to support an immediate response”…
:: Ebola: New World Bank Group Study Forecasts Billions in Economic Loss if Epidemic Lasts Longer, Spreads in West Africa
WASHINGTON, October 8, 2014–With the latest death toll from Ebola now at 3,439 in the three worst-affected countries of Guinea, Liberia, and Sierra Leone, a new economic impact assessment from the World Bank Group says that if the epidemic was to significantly infect people in neighboring countries, some of which have much larger economies, the two-year regional financial impact could reach US$32.6 billion by the end of 2015.The new World Bank Group report notes, “as it is far from certain that the epidemic will be fully contained by December 2014 and in light of the considerable uncertainty about its future trajectory, two alternative scenarios are used to estimate the medium-term (2015) impact of the epidemic, extending to the end of calendar year 2015.” A “Low Ebola” scenario corresponds to rapid containment within the three most severely affected countries, while “High Ebola” corresponds to slower containment in the three countries, with broader regional contagion.
October 8, 2014