[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110656-en":3,"doc-seo-110656-105":29,"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":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},110656,13056703019404,"Miles","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","104th Meeting of the Development Committee - Statement","Statement by H.E. Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy of the Kingdom of Bahrain, on behalf of multiple developing countries, discusses the WBG’s GRID strategy as an integrated process linking sustainability, resilience, and inclusiveness to accelerate COVID-19 recovery. The statement emphasizes inclusive growth, equity, job creation, and poverty reduction, advocates an impact-focused approach, and stresses equal footing for resilience and inclusion. It supports a just transition framework, urges linking climate change and finance through causality, challenges carbon pricing, promotes CCSU and circular carbon economy, and calls for strong analytics on Country Climate and Development Reports alongside debt-distress prevention.","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/2021-0050  \nOctober 15,2021  \nStatement by  \nH.E.Salman bin Khalifa AI KhalifaMinister of Finance and National Economy  \nKingdom of Bahrain  \non behalf of Bahrain,Egypt,Iraq,Jordan,Kuwait,Lebanon,Libya,Maldives,Oman,Qatar,United Arab Emirates,and Yemen  \n## Statement by\n\nH.E.Salman bin Khalifa AI KhalifaMinister of Finance and National Economy  \nKingdom of Bahrain  \non behalf of Bahrain,Egypt,Iraq,Jordan,Kuwait,Lebanon,Libya,Maldives,Oman,Qatar,United Arab Emirates,and Yemen  \n# 104ᵗhMeeting of the Development Committee\n\nOctober 15,2021  \n## Washington,DC\n\nThe GRID strategy must be viewed as a process,utilizing an integrated approach that incorporatessustainability,resilience and inclusiveness to accelerate our countries'recovery from COVID-19.Giventhat inclusion,resilience and development are linked,employing the GRID approach,while integratingdevelopment,implies that the architecture of development must adapt and be recalibrated.We,therefore,urge the WBG to prioritize inclusive growth and equity,job creation,and poverty reduction,while tailoringsolutions to each country's level of development,context,and constraints.Supporting fundamental driversof productivity and growth,including strengthening human capital will also be crucial.  \nThe paper maintains that“complex and urgent just transitions to green,resilient and inclusive development-including expanded investments in people,communities and economies-are essential for promotingsustained,broad-based gains in prosperity and well-being.\"We need to establish and elaborate on the directlink and causality between climate change and its finance on the one hand,which is the main driver behindGRID,and development,inclusive growth and poverty reduction.We would also urge a strong outcomefocus where impact measurement will be key,including looking beyond climate co-benefits andemphasizing impact benefit.The resilience and inclusion elements of GRID must remain on equal footingwith addressing climate change impacts.  \nWhile we appreciate the paper's focus on a sustainable “just transition”,including a focus on job creation,building new skills,and poverty reduction,we don't agree with the approach of“carbon pricing”.Carbonpricing has serious limitations as it may be regressive and overly burdensome for the poorest households.Consequently,we urge the consideration and mainstreaming in WBG operations of Carbon Capture,Storage,and Utilization technologies(CCSU)and the G20 endorsed concept of Circular Carbon Economy(CCE).Thejust transition approach must integrate NDCs and managingjob loss and must propose practicalsolutions for our client countries.As stated in the Paris Agreement(2015),the just transition shouldconsider the creation of“decent work and quality jobs in accordance with nationally defined developmentpriorities .…”,meaning that Nationally Determined Contributions(NDCs)are critical.Achieving theappropriate balance between mitigation and adaptation,while also considering the complementarities andtrade-offs involved in determining alternative ways to achieve climate objectives should also be taken intoaccount.It is also essential to equip countries with measures to ease the transition,including socialprotection,skills training,labor market policies and community development and renewal.We look forwardto seeing the analytics of the Country Climate and Development Reports(CCDR)that should establish astronger link between climate issues,development and poverty reduction.  \nWe believe that climate change actions should not come at the expense of reducing poverty anddevelopment,particularly in LICs and MICs.We would like the WBG to ensure that while adhering to theParis Agreement as a framework,th","cbCairBOXtzbW1Yl","https://ap.wps.com/l/cbCairBOXtzbW1Yl","pdf",561323,1,5,"English","en",105,"# 104th Meeting of the Development Committee\n## Washington, DC\n## GRID strategy: inclusiveness, resilience, and recovery\n## Just transition, climate finance, and impact focus\n## Position on carbon pricing and alternative technologies\n## Linkage to twin goals, SDGs, and debt challenges","[{\"question\":\"How does the statement describe the GRID strategy and its purpose?\",\"answer\":\"The statement views GRID as an integrated process combining sustainability, resilience, and inclusiveness to accelerate recovery from COVID-19 while adapting development architecture to each country’s context and constraints.\"},{\"question\":\"What is the statement’s position on climate finance and impact measurement?\",\"answer\":\"It urges establishing a direct link and causality between climate change and its finance, and calls for a strong outcome and impact focus, emphasizing impact benefits beyond climate co-benefits.\"},{\"question\":\"Why does the statement oppose carbon pricing and what alternatives does it support?\",\"answer\":\"It argues carbon pricing has serious limitations and may be regressive for the poorest households. It instead urges mainstreaming Carbon Capture, Storage, and Utilization technologies (CCSU) and the G20-endorsed Circular Carbon Economy (CCE).\"}]",1784486456,13,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":27},"104th-meeting-of-the-development-committee-statement","",{"@graph":35,"@context":85},[36,53,68],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/104th-meeting-of-the-development-committee-statement/110656/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-22","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"How does the statement describe the GRID strategy and its purpose?","Question",{"text":75,"@type":76},"The statement views GRID as an integrated process combining sustainability, resilience, and inclusiveness to accelerate recovery from COVID-19 while adapting development architecture to each country’s context and constraints.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What is the statement’s position on climate finance and impact measurement?",{"text":80,"@type":76},"It urges establishing a direct link and causality between climate change and its finance, and calls for a strong outcome and impact focus, emphasizing impact benefits beyond climate co-benefits.",{"name":82,"@type":73,"acceptedAnswer":83},"Why does the statement oppose carbon pricing and what alternatives does it support?",{"text":84,"@type":76},"It argues carbon pricing has serious limitations and may be regressive for the poorest households. It instead urges mainstreaming Carbon Capture, Storage, and Utilization technologies (CCSU) and the G20-endorsed Circular Carbon Economy (CCE).","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":24},{"code":4,"msg":5,"data":92},[93,97,101,105,109,114,119,122,127,130,134],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":45,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":45,"category_name":136,"show_sort_weight":21,"slug":137},19,"General","general"]