WORLD BANK/ EBOLA JIM KIM

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A World Bank Group analysis of the Ebola epidemic released today finds that, beyond the terrible toll in human suffering, the continuing surge in the deadly virus in the three worst-affected countries – Guinea, Liberia, and Sierra Leone –could deal a potentially catastrophic economic blow to the already fragile states.  WORLD BANK
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STORY: WORLD BANK/ EBOLA JIM KIM
TRT: 2.29
SOURCE: WORLD BANK / WHO
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 17 SEPTEMBER 2014 WASHINGTON DC / FILE

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Shotlist

FILE – WHO - 15-16 JULY 2014, GUECKEDOU, GUINEA-LIBERIA BORDER

1. Various shots, Laboratory technicians working with the samples

17 SEPTEMBER 2014 WASHINGTON DC

2. SOUNDBITE (English) Dr. Jim Yong Kim, President, World Bank Group:
“We have just heard that the number of cases of Ebola have doubled in the last three weeks. So we’re very concerned first and foremost with the response. But we did take a step back and ask the question, ‘what’s going on in terms of the overall economic impact?’ So just in terms of this year between now and the end of 2014, the overall impact in loss of GDP will be around 360 million dollars. And the impact on government’s budgets reaches almost that number as well, close to $300 million dollars.”

FILE – WHO - 15-16 JULY 2014, GUECKEDOU, GUINEA-LIBERIA BORDER

3. Med shot, local health worker on loudspeaker talking to people

17 SEPTEMBER 2014 WASHINGTON DC

4. SOUNDBITE (English) Dr. Jim Yong Kim, President, World Bank Group:
“There was over $40 billion dollars in loss of GDP, as a result of the SARs epidemic. And so 80-90 percent, we found, of that impact was due to what we call aversion behavior, or the fear factor; ports closing down; airlines shutting down; people not going to work. And so we really have two contagions. The first is due to the virus and the second is due to this aversion behavior or fear factor.”

FILE – WHO - 19 JULY 2014, KAILAHUN, SIERRA LEONE

5. Med shot, health workers burying Ebola victim in a local cemetery

17 SEPTEMBER 2014 WASHINGTON DC

6. SOUNDBITE (English) Dr. Jim Yong Kim, President, World Bank Group:
“We need to get high quality services on the ground that will both prevent new infections and treat the people who are infected. Right now, without any certainty of effective treatment, people are running in all kinds of directions. We need to setup centers in every village and every urban slum, in the hospitals, where people understand how to prevent the spread of the disease and also how to treat it.”

FILE – WHO - 19 JULY 2014, KAILAHUN, SIERRA LEONE

7. Pan right, workers covering grave

17 SEPTEMBER 2014 WASHINGTON DC

8. SOUNDBITE (English) Dr. Jim Yong Kim, President, World Bank Group:
“The message is really, really clear. We've got to have a massive complete response, as quickly as possible. Speed is of the essence and comprehensiveness is of the essence. We cannot afford to wait a day longer. We’ve got to get moving and we we’ve got to get moving right now.”

FILE – WHO - 19 JULY 2014, KAILAHUN, SIERRA LEONE

9. Various shots, WHO's team in the house at night examining body and taking samples for testing

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Storyline

A World Bank Group analysis of the Ebola epidemic released today finds that, beyond the terrible toll in human suffering, the continuing surge in the deadly virus in the three worst-affected countries – Guinea, Liberia, and Sierra Leone –could deal a potentially catastrophic economic blow to the already fragile states.

World Bank President Jim Yong Kim expressed concern about the economic impact of the outbreak.

SOUNDBITE (English) Dr. Jim Yong Kim, President, World Bank Group:
“We have just heard that the number of cases of Ebola have doubled in the last three weeks. So we’re very concerned first and foremost with the response. But we did take a step back and ask the question, ‘what’s going on in terms of the overall economic impact?’ So just in terms of this year between now and the end of 2014, the overall impact in loss of GDP will be around 360 million dollars. And the impact on government’s budgets reaches almost that number as well, close to $300 million dollars.”

Kim says that the largest economic effects of the crisis are not as a result of the direct costs (mortality, morbidity, caregiving, and the associated losses to working days) but rather those resulting from aversion behavior driven by fear of contagion.

SOUNDBITE (English) Dr. Jim Yong Kim, President, World Bank Group:
“There was over $40 billion dollars in loss of GDP, as a result of the SARs epidemic. And so 80-90 percent, we found, of that impact was due to what we call aversion behavior, or the fear factor; ports closing down; airlines shutting down; people not going to work. And so we really have two contagions. The first is due to the virus and the second is due to this aversion behavior or fear factor.”

The World Bank President said high quality medical services are required in order to prevent new infections.

SOUNDBITE (English) Dr. Jim Yong Kim, President, World Bank Group:
“We need to get high quality services on the ground that will both prevent new infections and treat the people who are infected. Right now, without any certainty of effective treatment, people are running in all kinds of directions. We need to setup centers in every village and every urban slum, in the hospitals, where people understand how to prevent the spread of the disease and also how to treat it.”

He called for a massive complete response.

SOUNDBITE (English) Dr. Jim Yong Kim, President, World Bank Group:
“The message is really, really clear. We've got to have a massive complete response, as quickly as possible. Speed is of the essence and comprehensiveness is of the essence. We cannot afford to wait a day longer. We’ve got to get moving and we we’ve got to get moving right now.”

The analysis finds that economic costs can be limited if swift national and international responses succeed in containing the epidemic.

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WORLD BANK
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