108th Meeting of the Development Committee - Statement by H.E. Rogelio Eduardo Ramirez De La O (Minister of Finance and Public Credit, Mexico)

Jul 19, 2026

A formal statement delivered at the 108th Meeting of the Development Committee in Marrakech, Morocco on October 12, 2023. The statement offers condolences to Morocco after a devastating earthquake and reflects on the significance of hosting the Annual Meeting in Africa. It emphasizes the World Bank Group’s Evolution Roadmap and stresses balanced integration of economic, social, and environmental elements. It highlights key global challenges, the need for human development and poverty eradication, and calls for stronger financing approaches including support for climate resilience and SDG-aligned corporate scorecard metrics.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages3

Reading Time8 min

AccessFree to download

108th Meeting of the Development Committee

Condolences and context for the Annual Meeting

Evolution Roadmap, vision, and balance of mission elements

Key global challenges and development priorities

Financing needs and SDG-aligned corporate scorecard

Public Disclosure Authorized Public Disclosure Authorized DEVELOPMENT COMMITTEE (Joint Ministerial Committeeof the Boards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries) ONE HUNDRED AND EIGHTH MEETINGMARRAKECH,MOROCCO-OCTOBER 12,2023 DC/S/2023-0067 October 12,2023 Statement by H.E.Rogelio Eduardo Ramirez De La OMinister of Finance and Public Credit Mexico on behalf of Costa Rica,EI Salvador,Guatemala,Honduras,Mexico,Nicaragua,and the Kingdom of Spain Statement by H.E.Rogelio Eduardo Ramirez De La OMinister of Finance and Public Credit Mexico on behalf of Costa Rica,EI Salvador,Guatemala,Honduras,Mexico,Nicaragua,and the Kingdom of Spain # 108thMeeting of the Development Committee October 12,2023Marrakech,Morocco We extend our deepest condolences to the people and government of Morocco in the wake of thedevastating earthquake.Our thoughts are with them,and we stand in solidarity during this trying time. The significance ofhosting the Annual Meeting in 2023 in Africa,after a span ofmore than 50 years,cannotbe understated.Moreover,this event merges two important processes,the Evolution Roadmap of the WorldBank Group(WBG)with the recent appointment of new leadership at the helm of the institution,markinga pivotal moment for all of us here in Marrakech. We acknowledge that extraordinary times demand both urgent action and new solutions,accompanied bynew political commitments and engagements.These innovative solutions must be characterized bycreativity and effectiveness,especially considering the transformative changes our world is currentlyundergoing.Factors such as the COVID-19 pandemic,geopolitical tensions,the digitalization of oureconomies,and the escalating threats posed by climate change have significant implications for people,development,governance,peace,and overall prosperity.At present,achieving the SustainableDevelopment Goals(SDGs)by 2030 appears increasingly challenging,necessitating a redoubling of ourefforts. We embrace the ongoing process of revising the World Bank's Vision and Mission.Its vision hastransitioned from being a "dream"to a more tangible and actionable idea:"to create a world free of povertyin a livable planet."We welcome the inclusion of environmental considerations such as climate change,biodiversity,water,among others in the institution's mission.However,it is essential to have and preservea meaningful balance when interweaving economic,social,and environmental elements.This equilibriumis crucial for maximizing our impact on human development while ensuring the sustainability of ouractions. We commend the initial steps taken by the World Bank in its Evolution Roadmap and urge a continuedcommitment to identifying pathways for creating a larger,more effective,and more impactful institution.Recognizing the global significance of eight key challenges(namely Climate Change;Fragility andConflict;Pandemic Prevention and Preparedness;Energy Access;Food and Nutrition Security;WaterSecurity and Access;Enabling Digitalization;and Protecting Biodiversity and Nature),we highlight theirfar-reaching implications and cross-border externalities.Further work will be needed on loss and damagefinancing as well as in carbon market instruments to support the efforts of client countries.We would liketo emphasize that our foremost objective should always be human development,poverty eradication,andthe promotion of shared prosperity in a livable planet. The World Bank must continue its steadfast commitment to combating poverty,promoting economicgrowth,and advancing human development on a global scale.We commend the WBG for its efforts toexpand its ambitions and bolster its financial capabilities to this end.Moreover,we endorse collaborative initiatives with other Multilateral Development Banks and partnerships with relevant stakeholders,as suchalliances can generate better financial conditions and more comprehensive and impactful ou

FAQs

What event and date is the statement associated with?

The statement is delivered at the 108th Meeting of the Development Committee on October 12, 2023, in Marrakech, Morocco.

What priorities does the statement emphasize for the World Bank Group’s mission?

It highlights creating a world free of poverty on a livable planet, with meaningful balance among economic, social, and environmental elements, and continued focus on human development and shared prosperity.

Which challenges and cross-border issues are referenced?

It points to eight key challenges including climate change, fragility and conflict, pandemic prevention and preparedness, energy access, food and nutrition security, water security and access, enabling digitalization, and protecting biodiversity and nature.

Jul 19, 2026

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