Economic crises in Asia, Russia and Latin America have diverted attention from the computer problems and left countries with less cash to fund a fix. To them the problem is seen as a vague and distant threat. It's getting less distant by the day. There needs to be contingency planning. Positive Steps At the World Economic Forum in Davos, Switzerland, next Monday, U.S. representatives and World Bank officials will call for increased international cooperation to deal with the problem, including money to support a Y2K International Cooperation Center.
Officials say other loans are under consideration.
The World Bank is urging developing countries to fix critical computer systems. T Hugh Sloan joined us for a chat on Feb. 2. Read the transcript. Most developing countries are unprepared for the looming problem. Joyce Amenta, World Bank Economic crises in Asia, Russia and Latin America have diverted attention from the computer problems and left countries with less cash to fund a fix.