Only 54 of the developing nations had national Y2K policies, the bank said. Of those, just 21 were taking concrete steps to safeguard their computing systems. Thirty-four of the nations surveyed reported medium to high awareness of the problem, but said they were not currently taking action. Time running out The World Bank is loaning millions of dollars to help the affected countries replace or re-program computer systems. But experts warn that time and money is running out.
Time is too short.
You just can't do it. More vulnerable Developing nations are more vulnerable to the Y2K bug because, in general, they are more dependent on fewer and older computing systems, according to the World Bank. The World Bank said the financial sectors of developing countries are most ready to handle the Y2K problem, followed by telecommunications systems and power suppliers. Least prepared are the health and public service sectors, the bank said. The World Bank called on the United States and other industrialized countries to help ensure public safety and the health of the global economy by making more resources and information on Y2K available to developing nations.