[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110755-en":3,"doc-seo-110755-105":29,"detail-sidebar-cat-0-en-105":90},{"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":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},110755,687197207057,"Sage","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","104th Meeting of the Development Committee - Statement by H.E. Paulo Guedes, Minister of Finance, Brazil","Statement by H.E. Paulo Guedes, Minister of Finance of Brazil, delivered on behalf of multiple countries at the 104th World Bank Development Committee meeting on October 15, 2021. It describes the World Bank’s role after COVID-19 devastation and highlights the need for reforms supporting fast, robust, sustainable, inclusive, and resilient recovery. The statement emphasizes climate adaptation and mitigation through GRID, calls for international support, and stresses vaccine access without discrimination. It also outlines Brazil’s economic performance, fiscal consolidation, emergency aid, digital public services, and prevention-focused crisis management.","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 FOURTHMEETINGWASHINGTON,DC-OCTOBER 15,2021  \nDC/S/2021-0049  \nOctober 15,2021  \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# 104ᵗhMeeting of the Development Committee\n\nOctober 15,2021  \nWashington,DC  \nThe World Bank was created in 1944,with a noble and clear objective:to rebuild nationaleconomies after the devastation caused by World War II.Now,the World Bank faces a similar and equallyurgent challenge:to rebuild national economies after the devastation caused by the coronavirus pandemic.The economic effects of the pandemic and lockdown measures were many:destruction of human capital,fiscal indebtedness of countries to support their most needy citizens,extinction of countless smallbusinesses,shortages and supply-chain disruptions,and so on.The social effects are even more dreadful:an incalculable loss of human lives,which are deeply mourned by all of us.  \nWith the purpose of reducing the dramatic impacts of the Covid-19 shock,the World Bank shouldactively promote economic reforms that aim at a fast,robust,sustainable,inclusive and resilient recovery.In this sense,we hail the enabling framework for Green,Resilient and Inclusive Development(GRID)presented in the 2021 Spring Meetings.Our constituency firmly believes that World Bank Group leadershipon climate change adaptation and mitigation is vital to lighten the financial burden of transitioning to GRIDin developing countries.Our nations have been continually striving to ensure that we adequately addressthe necessity of conciliating economic growth with the imperative of preserving the environment for thebenefit of all.  \nAfter a year of the greatest economic impact of the pandemic,the Brazilian GDP grew by 1.8%ineach of the last four quarters,confirming the forecasts of annual growth of 5.3%for 2021.This rate ofgrowth exceeds the average growth rate of OECD countries,of the Eurozone as well as of Latin Americancountries in the same period.In this period,Brazil's GDP growth rate was higher than those of some keyadvanced economies.Economic recovery in Brazil promoted through investments led by the private sector,financed through corporate issuances in the bond and equity markets,by the expansion of credit availableto companies and by the reduction of the public sector demand for total credit.The pro-market reforms andfiscal consolidation measures have laid the foundations for the country's sustainable growth in the longterm.Public spending controls,structural reforms and new legal frameworks unleashed a massive crowdingin phenomenon which makes the economy more efficient and stimulates private investment to seek the bestopportunities,with positive effects on the labor market.  \nNonetheless,developing countries will not achieve this delicate balance without the internationalcommunity's support.Therefore,we need to get many promises off the ground,such as the provisionof US$100 billion per year to support developing countries in mitigating and adapting to climate change.In this context,we welcome the proposed post-pandemic approach for scaling up the WBG support for aresilient and inclusive recovery.  \nAt this time,one of the most urgent tasks is to provide access to vaccines to all countries withoutany discrimination,as “no country is safe until all countries are safe”.This principle applies equally to our  \neconomies.No country will experience a complete and permanent economic and social recovery until alldo.To ensure that,we need ","cbCaihEjZPn2Qvyc","https://ap.wps.com/l/cbCaihEjZPn2Qvyc","pdf",2203083,1,4,"English","en",105,"# 104th Meeting of the Development Committee\n## Opening context and global impact of COVID-19\n## GRID framework and climate adaptation/mitigation\n## Brazil’s economic recovery and policy measures\n## Need for international support and post-pandemic scaling of WBG aid\n## Vaccine access principle and recovery prerequisites\n## Brazil’s emergency response and prevention lessons\n## Fiscal package, deficits, and reform-driven spending control\n## Digitalization and transformation of public services","[{\"question\":\"What recovery approach does the statement call for after the COVID-19 shock?\",\"answer\":\"It calls for economic reforms that enable a fast, robust, sustainable, inclusive, and resilient recovery, aligned with climate and environmental objectives through the GRID framework.\"},{\"question\":\"Why does the statement emphasize climate adaptation and mitigation?\",\"answer\":\"It argues that World Bank leadership on climate adaptation and mitigation is vital for easing the financial burden of transitioning to GRID in developing countries.\"},{\"question\":\"What principle does the statement stress regarding vaccines?\",\"answer\":\"It emphasizes that vaccine access must be provided to all countries without discrimination, stating that no country is safe until all countries are 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recovery approach does the statement call for after the COVID-19 shock?","Question",{"text":74,"@type":75},"It calls for economic reforms that enable a fast, robust, sustainable, inclusive, and resilient recovery, aligned with climate and environmental objectives through the GRID framework.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"Why does the statement emphasize climate adaptation and mitigation?",{"text":79,"@type":75},"It argues that World Bank leadership on climate adaptation and mitigation is vital for easing the financial burden of transitioning to GRID in developing countries.",{"name":81,"@type":72,"acceptedAnswer":82},"What principle does the statement stress regarding vaccines?",{"text":83,"@type":75},"It emphasizes that vaccine access must be provided to all countries without discrimination, stating that no country is safe until all countries are 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