"There needs to be a dramatic and deep reduction in the amount of debt on the poorest countries. That's clear." As the world's poorest nations struggle to recover from a devastating pandemic, World Bank President David Malpass argues that freeing them of much of their debt will be key. His conversation with Ian Bremmer is part of the latest episode of GZERO World.
Nearly eighty years after the World Bank was founded, its mission of lifting the global poor out of poverty has never been more urgent. Ian Bremmer explains on GZERO World.
For the first time in twenty years, extreme poverty around the world is growing. How does the developing world recover from a pandemic that has brought even the richest nations to their knees? David Malpass, the President of the World Bank, is tasked with answering that question. He joins Ian Bremmer on GZERO World to talk about how his organization is trying to keep the developing world from slipping further into poverty in the wake of a once-in-a-century pandemic.
Podcast: Do the Global Poor Have a Champion in the World Bank? The View From Its President, David Malpass
Listen: For the first time in twenty years extreme poverty around the world is growing. How does the developing world recover from a pandemic that has brought even the richest nations to their knees? David Malpass, the President of the World Bank, is tasked with answering that question. He joins Ian Bremmer on the podcast to talk about how his organization is trying to keep the developing world from slipping further into poverty in the wake of a once-in-a-century pandemic.
As the world's richest nations struggle with vaccine rollout, a more daunting question looms: When will the world's poorest nations get the COVID-19 vaccine? Of course, some vaccines have already reached the developing world, but World Bank President David Malpass says it may not be until the second half of 2021, or even well into 2022, that distribution becomes widespread. His conversation with Ian Bremmer is part of an upcoming episode of GZERO World, airing on public television nationwide beginning this Friday, January 15th. Check local listings.
Will A.I. reduce poverty and inequality or make them worse?
On the positive side, A.I. is enabling all technologies and industries and will create a huge amount of wealth in the world measured by PwC as 16 trillion dollars in the next eleven years and more wealth ought to reduce poverty and inequality. Another aspect is that A.I. can be applied to health care and reduce the cost of health care and can be applied to education and make it more accessible. So that should also improve. However, A.I. has the following problems. First, much of the wealth generated by A.I. will go to the powerful Internet companies and big data companies like Google, and Facebook, and Tencent, and Alibaba. So they will get richer and A.I. will displace a lot of jobs, so poor people might lose their jobs. And A.I. will make lots of money for AI Superpowers like US and China, and may make other countries worse off. So the answer is we don't know but it's something we have to think about.