"About a third of the [World] Bank's projects are considered to be at high risk for Y2K disruptions. These are mostly in finance, power and communications. Once we have all of these assessments in, we'll be looking at this to see if there are actions we or others should be taking."
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Jan 26 Press Briefing on Y2K Problem - FROM WORLD BANK MINUTES ...
In the few remaining months before the year 2000, we must direct our attention to the risks being taken by countries that have not yet begun to fix the year 2000 problem -- the risk of crippling economies, the risk of social chaos, the loss of foreign investment and the risk of creating unintended international consequences.
In fact, the year 2000 problem has already started. We are seeing problems of incorrect projections in loan payments, lost patient records and prematurely cancelled orders for supplies, such as food, oil, machine parts and microcomputer chips, just to name a few.
There is no consensus on how bad the Y2K problem will be or how much it will cost to fix. What we do know is that most developing countries are unprepared for the looming problem ...
The World Bank's Year 2000 Program has three elements. The first is our outreach effort to developing countries. The second is ensuring our own portfolio of investment projects is secure. And the third is making sure our own internal systems and infrastructure don't have problems ...
We [World Bank portfolio] have about 1,700 projects in various stages of implementation ...
WORLD BANK MINUTES (TRANSCRIPT)
worldbank.org
Cheryl
P.S. John Mansfield - thanks for the link. |
