It Is Critical to Reopen Schools, Says World Bank's Malpass

The video discusses the global economic outlook for 2021, highlighting the impact of COVID-19, the importance of vaccinations, and the role of education in economic recovery. It addresses the challenges faced by developing markets, including reduced remittances and investment. The World Bank's initiatives in trade finance and social safety nets are also covered, emphasizing efforts to build resilience and support vulnerable populations.

What was one of the key factors that helped the global economy perform better than expected in 2020?

• Increased consumer spending

• Higher than expected starting point

• Rapid technological advancements

• Decrease in global trade barriers

Why is reopening schools considered a critical variable for economic recovery?

• It increases the demand for school supplies

• It boosts the tourism industry

• It reduces government spending on education

• It allows parents to return to work

How has the pandemic affected remittances to developing countries?

• Remittances have increased significantly

• Remittances have remained stable

• Remittances have no impact on developing countries

• Remittances have decreased

What is one of the World Bank's strategies to support developing countries during the pandemic?

• Reducing interest rates globally

• Providing working capital and trade finance

• Increasing tariffs on imports

• Encouraging foreign direct investment

What is the purpose of social safety nets mentioned in the transcript?

• To promote international trade

• To provide luxury goods to the wealthy

• To increase government revenue

• To offer financial support to vulnerable populations