World Bank president David Malpass said on Monday that the coronavirus pandemic may likely drive up child mortality rates in developing countries by 45 percent.
"Our early estimates suggest a potential increase of up to 45 percent in child mortality because of health service shortfalls and reduction in access to food," Malpass said during a virtual discussion ahead of the World Bank and International Monetary Fund annual meetings next week.
Malpass said that the World Bank estimates the increases in child mortality to persist in the coming years. The World Bank President also said that the difficulties in administering education amid pandemic can lead to significant issues for the developing countries in the future.
"Since the outbreak, more than 1.6 billion children in developing countries have been out of school because of COVID-19, implying a potential loss of as much as USD 10 trillion in lifetime earnings for these students," Malpass said.
Malpass added that the World Bank is doing everything possible to bolster the health and education capabilities of countries in need.