Citi's Collins on Investing in Covax

The transcript discusses the role of COVAX and GAVI in global vaccine distribution, highlighting challenges such as supply chain issues and funding. It explores innovative solutions and the use of capital markets to address these challenges. The discussion also covers lessons learned and future applications, including potential uses for climate change. The impact of COVID-19 variants on business operations and client interactions is also addressed.

What role does Citi play in the COVAX facility?

• Vaccine manufacturer

• Financial and risk advisor

• Healthcare provider

• Logistics provider

What is one of the main challenges in distributing vaccines to developing countries?

• Lack of interest in vaccines

• High vaccine prices

• Excessive vaccine supply

• Delayed supply to developing countries

How has Citi's team approached the challenge of vaccine distribution?

• By focusing only on local distribution

• By relying solely on government support

• By creating new strategies and solutions

• By following a pre-existing playbook

What is a key factor in funding vaccine distribution according to the transcript?

• Reducing vaccine production

• Cutting healthcare costs

• Using capital markets and innovative funding

• Raising taxes

What is a potential future application of the mechanisms developed during the pandemic?

• Space exploration

• Climate change mitigation

• Local business development

• Tourism promotion

How has the pandemic affected the way Citi's bankers interact with clients?

• They have stopped all client interactions

• They only meet clients in person

• They have adapted to virtual meetings

• They only interact through phone calls

What is the importance of a 'Marshall Plan' as mentioned in the transcript?

• To increase vaccine prices

• To stop the spread of variants

• To reduce global travel

• To promote local businesses