[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109634-en":3,"doc-seo-109634-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":11},109634,7971461740909,"Levi","https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d",8,"Research & Report","102nd Meeting of the Development Committee - Statement by H.E. Paulo Guedes","Statement by H.E. Paulo Guedes, Minister of Finance of Brazil, delivered on behalf of a constituency of countries at the 102nd (virtual) Development Committee meeting in Washington, DC on October 16, 2020. It expresses condolences for the pandemic’s toll, highlights the economic burden of COVID-19, and calls for continued World Bank Group support for recovery. The statement emphasizes long-term development, structural reforms, job creation, fiscal responsibility, debt sustainability, and stronger transparency and anti-corruption efforts.","Public Disclosure Authorized  \nPublic Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committeeof the  \nBoards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND TWO MEETINGWASHINGTON,DC-OCTOBER16,2020(VIRTUAL)  \nDC/S/2020-0048  \nOctober 16,2020  \nStatement by  \nH.E.Paulo GuedesMinister of Finance  \nBrazil  \nOn behalf of Brazil,Colombia,Dominican Republic,Ecuador,Haiti,Panama,Philippines,Suriname,and Trinidad and Tobago  \nStatement by  \nH.E.Paulo GuedesMinister of Finance  \nBrazil  \non behalf of Brazil,Colombia,Dominican Republic,Ecuador,Haiti,Panama,Philippines,Suriname and Trinidad and Tobago  \n# 102nd Meeting of the Development Committee\n\nOctober 16,2020  \nWashington,DC  \n(VIRTUAL)  \nAt the outset,allow me to express our deepest sympathies to the families of those who suffered during thistragic pandemic.This is the second time we are forced to hold these meetings in a virtual form.We havecoped with a complex health,social and economic environment,which only made more important the useof all available policy tools to safeguard lives,jobs and incomes and,at the same time,to build our pathtowards a sustainable and inclusive recovery.Accordingly,the issues at hand for this meeting are of utmostimportance.  \nThe COVID-19 crisis has imposed burdens on all countries and their economies,both on the private andpublic sectors.We welcome the signs that the economic impact of the crisis may be less extreme than initialforecasts predicted.While we are all working hard to find an effective treatment and vaccines to fightCOVID-19,we invite the World Bank Group to continue assisting the international economy recovery.  \nIn this sense,the Bank should push even more strongly on the long-term development agenda.Structuralreforms must be encouraged to boost productivity in the public and private sectors,while the Bank shouldtake stock of the many experiences from last decades and build on them.Our efforts to cut red tape mustgo on tirelessly.Regulations must be focused on helping the private sector to resume capital expenditures,investments and formaljob creation.Promoting privatizations will attract additional investments,and at thesame time alleviate bottlenecks and inefficiencies.Unemployment rates around the globe have increasedsignificantly,therefore creating jobs is imperative,particularly in the poorest populations.Finally,as manydeveloping countries have suffered capital outflows,the Bank should foster international trade and supportprivate investments as a way to help the global recovery through a rules-based framework and through tradeand investment facilitation,which are among the Bank's strongest expertise.  \nFiscal consolidation will be key to all countries,and many of them have stretched their expenditures tolessen the impacts on income from COVID-19 lockdowns.Despite that,Brazil,Philippines and the othercountries in our Constituency have shown a strong commitment to fiscal responsibility,by exercisingprudence in managing our financial resources,maintaining a public expenditure cap and by promotingimportant reforms such as the approved pension reforms,and advancing on key structural reforms to boostprivate investment and economic opportunities.The Bank and the International Monetary Fund have ampleexpertise on promoting debt sustainability and providing policy advice,and we encourage both institutionsto focus their energy on helping countries to elaborate plans to find their sustainable path the soonest.  \n1  \nCountries with lower income levels face the challenge of managing such deep shocks,particularly if theyare already near debt distress or have poor access to financial markets.Accordingly,the world's largesteconomies announced an initiative to temporarily suspend debt service for official bilateral loans to poorcountries;and called on private creditors and multilateral institutions to join such efforts.Ecuador,forexample,has recently made great ","cbCailj3UkkFpPEF","https://ap.wps.com/l/cbCailj3UkkFpPEF","pdf",386713,6,1,3,"English","en",105,"# 102nd Meeting of the Development Committee\n## Pandemic impacts and condolence\n## Long-term development agenda and structural reforms\n## Fiscal consolidation and debt sustainability\n## International trade, investment, and policy priorities\n## Transparency standards and anti-corruption","[{\"question\":\"Who delivered the statement and on whose behalf?\",\"answer\":\"H.E. Paulo Guedes, Minister of Finance of Brazil, delivered the statement on behalf of Brazil and a constituency including several other countries listed in the document.\"},{\"question\":\"What does the statement call for regarding the COVID-19 recovery?\",\"answer\":\"It urges continued assistance by the World Bank Group, alongside policies that support sustainable and inclusive recovery during the pandemic’s economic shock.\"},{\"question\":\"Which reform areas are emphasized for long-term development?\",\"answer\":\"The statement emphasizes structural reforms to boost productivity, encourage private-sector investment and formal job creation, and ongoing efforts to reduce red tape.\"}]","102nd Meeting of the Development Committee - Statement by H.E. 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Paulo Guedes, Minister of Finance of Brazil, delivered the statement on behalf of Brazil and a constituency including several other countries listed in the document.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What does the statement call for regarding the COVID-19 recovery?",{"text":80,"@type":76},"It urges continued assistance by the World Bank Group, alongside policies that support sustainable and inclusive recovery during the pandemic’s economic shock.",{"name":82,"@type":73,"acceptedAnswer":83},"Which reform areas are emphasized for long-term development?",{"text":84,"@type":76},"The statement emphasizes structural reforms to boost productivity, encourage private-sector investment and formal job creation, and ongoing efforts to reduce red tape.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,110,114,119,122,127,130,134],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]