USA-Coronavirus/Imbalance

COVID-19 worsens unbalanced development among countries: World Bank

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Shotlist


FILE: China - Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shot of port
2. Aerial shots of containers, trucks, cranes
3. Crane handling containers at port

Washington D.C., USA - Oct 13, 2021 (CCTV - No access Chinese mainland)
4. SOUNDBITE (English) David Malpass, president, World Bank Group:
"Per capita income in advanced economies is growing nearly 5 percent in 2021. But that's compared to only 0.5 percent in low-income countries. And the outlook remains grim for most of the developing world. There's high inflation, there's too few jobs, there's shortages that extend to food, water, electricity."

FILE: USA - Date Unknown (CCTV - No access Chinese mainland)
5. Traffic
6. Pedestrians
7. Sign reading "we are closed"
8. Street

Washington D.C., USA - Oct 13, 2021 (CCTV - No access Chinese mainland)
9. SOUNDBITE (English) David Malpass, president, World Bank Group:
"And it showed 12-percent increase in debt for the low-income countries, reaching 860 billion dollars. We need new systems to push that along because so many countries are in external debt distress or at high risk of it. We need a comprehensive approach including debt reduction, swifter restructurings and more transparency in order to make progress on this problem."

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
10. Staff members at COVID-19 vaccine production line
11. Various of COVID-19 vaccine production line, boxes of vaccines

FILE: Nairobi, Kenya - Sept 18, 2021 (CCTV - No access Chinese mainland)
12. Plane taxiing at airport
13. COVID-19 vaccines donated by China being unloaded from plane
14. Vaccines being transported
15. Sign on box of vaccine reading "China Aid for Shared Future"

Storyline


Unbalanced development has been exacerbated due to the unremitting impacts of the COVID-19 pandemic, said World Bank Group President David Malpass on Wednesday at a press briefing on the sidelines of the 2021 Annual Meetings of the World Bank Group and the International Monetary Fund.

He said the pandemic has lasted for nearly two years worldwide, resulting in the suspension of production and port operations as well as the decline of supporting logistics industries, which all seriously further affected the global supply chain.

The World Bank estimates that 8.5 percent of global container transportation business stagnated this year, double the pre-pandemic figure. The price of shipping goods has accelerated the rise, causing the final good price to skyrocket significantly, he said.

In addition, due to different levels of economic development and the ability to fight the pandemic, the situation of development imbalance among countries has worsened, said Malpass.

"Per capita income in advanced economies is growing nearly 5 percent in 2021. But that's compared to only 0.5 percent in low-income countries. And the outlook remains grim for most of the developing world. There's high inflation, there's too few jobs, there's shortages that extend to food, water, electricity," he said.

He stressed that the economic downturn caused by the pandemic has left many countries facing an even more severe debt crisis.

The International Debt Statistics 2021 released by the World Bank this week, shows that the debt burden of the least developed countries continues to rise.

"And it showed 12-percent increase in debt for the low-income countries, reaching 860 billion dollars. We need new systems to push that along because so many countries are in external debt distress or at high risk of it. We need a comprehensive approach including debt reduction, swifter restructurings and more transparency in order to make progress on this problem," said Malpass.

He said over the past year, the World Bank has actively promoted equal access to vaccines among developing countries. He also called on countries with sufficient vaccines to provide vaccine assistance to developing countries as soon as possible.

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  • ID : 8232761
  • Dateline : Oct 13, 2021/File
  • Location : United States
  • Category : economy, business and finance
  • Duration : 1'49
  • Audio Language : English/Nats/Part Mute
  • Source : China Media Group(CMG)-CCTV
  • Restrictions : No access Chinese mainland
  • Published : 2021-10-14 10:17
  • Last Modified : 2021-10-14 16:58:26
  • Version : 1
  • ID : 8232761
  • Dateline : 13 oct. 2021/Archives
  • Location : États-Unis
  • Category : economy, business and finance
  • Duration : 1'49
  • Audio Language : Anglais/Nats/Partiellement muet
  • Source : China Media Group(CMG)-CCTV
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Published : 2021-10-14 16:43
  • Last Modified : 2021-10-14 16:58:26
  • Version : 1
  • ID : 8232761
  • Dateline : 13 أكتوبر 2021/أرشيف
  • Location : الولايات المتحدة
  • Category : economy, business and finance
  • Duration : 1'49
  • Audio Language : الإنجليزية/الصوت الطبيعي/صامت جزئيا
  • Source : China Media Group(CMG)-CCTV
  • Restrictions : No access Chinese mainland
  • Published : 2021-10-14 16:51
  • Last Modified : 2021-10-14 16:58:26
  • Version : 1

USA-Coronavirus/Imbalance

COVID-19 worsens unbalanced development among countries: World Bank

Dateline : Oct 13, 2021/File

Location : United States

Duration : 1'49

  • English
  • Français
  • العربية


FILE: China - Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shot of port
2. Aerial shots of containers, trucks, cranes
3. Crane handling containers at port

Washington D.C., USA - Oct 13, 2021 (CCTV - No access Chinese mainland)
4. SOUNDBITE (English) David Malpass, president, World Bank Group:
"Per capita income in advanced economies is growing nearly 5 percent in 2021. But that's compared to only 0.5 percent in low-income countries. And the outlook remains grim for most of the developing world. There's high inflation, there's too few jobs, there's shortages that extend to food, water, electricity."

FILE: USA - Date Unknown (CCTV - No access Chinese mainland)
5. Traffic
6. Pedestrians
7. Sign reading "we are closed"
8. Street

Washington D.C., USA - Oct 13, 2021 (CCTV - No access Chinese mainland)
9. SOUNDBITE (English) David Malpass, president, World Bank Group:
"And it showed 12-percent increase in debt for the low-income countries, reaching 860 billion dollars. We need new systems to push that along because so many countries are in external debt distress or at high risk of it. We need a comprehensive approach including debt reduction, swifter restructurings and more transparency in order to make progress on this problem."

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
10. Staff members at COVID-19 vaccine production line
11. Various of COVID-19 vaccine production line, boxes of vaccines

FILE: Nairobi, Kenya - Sept 18, 2021 (CCTV - No access Chinese mainland)
12. Plane taxiing at airport
13. COVID-19 vaccines donated by China being unloaded from plane
14. Vaccines being transported
15. Sign on box of vaccine reading "China Aid for Shared Future"


Unbalanced development has been exacerbated due to the unremitting impacts of the COVID-19 pandemic, said World Bank Group President David Malpass on Wednesday at a press briefing on the sidelines of the 2021 Annual Meetings of the World Bank Group and the International Monetary Fund.

He said the pandemic has lasted for nearly two years worldwide, resulting in the suspension of production and port operations as well as the decline of supporting logistics industries, which all seriously further affected the global supply chain.

The World Bank estimates that 8.5 percent of global container transportation business stagnated this year, double the pre-pandemic figure. The price of shipping goods has accelerated the rise, causing the final good price to skyrocket significantly, he said.

In addition, due to different levels of economic development and the ability to fight the pandemic, the situation of development imbalance among countries has worsened, said Malpass.

"Per capita income in advanced economies is growing nearly 5 percent in 2021. But that's compared to only 0.5 percent in low-income countries. And the outlook remains grim for most of the developing world. There's high inflation, there's too few jobs, there's shortages that extend to food, water, electricity," he said.

He stressed that the economic downturn caused by the pandemic has left many countries facing an even more severe debt crisis.

The International Debt Statistics 2021 released by the World Bank this week, shows that the debt burden of the least developed countries continues to rise.

"And it showed 12-percent increase in debt for the low-income countries, reaching 860 billion dollars. We need new systems to push that along because so many countries are in external debt distress or at high risk of it. We need a comprehensive approach including debt reduction, swifter restructurings and more transparency in order to make progress on this problem," said Malpass.

He said over the past year, the World Bank has actively promoted equal access to vaccines among developing countries. He also called on countries with sufficient vaccines to provide vaccine assistance to developing countries as soon as possible.

ID : 8232761

Published : 2021-10-14 10:17

Last Modified : 2021-10-14 16:58:26

Source : China Media Group(CMG)-CCTV

Restrictions : No access Chinese mainland

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