[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111391-en":3,"doc-seo-111391-105":28,"detail-sidebar-cat-0-en-105":88},{"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":4,"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":11},111391,137441390410,"Hazel","https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984",8,"Research & Report","111th Meeting of the Development Committee - April 24, 2025 - Statement by Dr. Muhammad Al-Jasser","Statement by Dr. Muhammad Al-Jasser, Chairman of the Islamic Development Bank (IsDB) Group, delivered at the 111th meeting of the Development Committee on April 24, 2025, in Washington, DC. The address highlights heightened uncertainty after recent global disruptions and outlines how developing economies face constrained investment, reversals in social outcomes, and dominant downside risks from debt, geopolitical tensions, and trade fragmentation. It emphasizes bold structural transformation and global cooperation, with a focus on enabling private sector growth, expanding jobs through human capital, city empowerment, and MSME support, and concludes with commitments to inclusive, resilient development.","Public Disclosure Authorized Public Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committee  \nof the  \nBoards of Governors ofthe Bank and the Fund  \non the  \nTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND ELEVENTH MEETING WASHINGTON, DC – APRIL 24, 2025  \nDC/S/2025-0014 April 24, 2025  \nStatement by  \nDr. Muhammad Al-Jasser Chairman  \nIslamic Development Bank (IsDB) Group  \nStatement by  \nDr. Muhammad Al-Jasser  \nChairman  \nIslamic Development Bank (IsDB) Group  \n111th Meeting of the Development Committee  \nApril 24, 2025  \nWashington, DC  \nIntroduction  \nOn behalf of the Islamic Development Bank Group, I would like to express my appreciation to the World Bank and International Monetary Fund (IMF) for the invitation to participate in the 111th meeting of the Development Committee.  \nWe convene at a moment of heightened uncertainty and subdued global prospects. The aftershocks of recent global disruptions—from the COVID-19 pandemic and regional conflicts to rising global interest rates—continue to constrain growth and test the resilience of economies, particularly in the developing world. These shocks have not only derailed progress toward development goals but have also exposed the fragility of social systems, fiscal buffers, and economic resilience.  \nNavigating Global Risks and Development Reversals  \nThe path to recovery remains uneven. Many developing countries, especially those with fragile economies, face constrained investment, eroding social spending, and heightened vulnerability. Gains in education, health, and livelihoods are at risk of reversal—especially in low-income and conflict-affected settings.  \nFurthermore, downside risks continue to dominate the global outlook. Geopolitical tensions, trade disruptions, growing debt distress, and a weakening multilateral consensus threaten to fracture the global economy. The resurgence of protectionist industrial policies and fragmentation of trade pose real risks, particularly for emerging economies striving to diversify and ascend global value chains.  \nWhat is required now is not just stabilization—but bold structural transformation anchored in global cooperation.  \nEnabling the Private Sector for Growth and Resilience  \nPrivate sector development is at the heart of inclusive growth and poverty reduction. Across developing economies, the private sector provides nearly 90% of employment. Yet its potential remains underleveraged due to institutional bottlenecks, infrastructure deficits, and limited access to finance.  \nUnlocking this dynamism demands systemic reforms to reduce transaction costs, remove market distortions, and build investor confidence. Governments must establish enabling ecosystems through strong  \nlegal frameworks, transparent policies, and investment in reliable infrastructure. Public-private partnerships (PPPs) can be powerful tools in mobilizing private capital, especially in fiscally constrained environments.  \nBlended finance, credit enhancements, and Islamic finance instruments can further catalyze private sector participation in frontier markets. But enabling the private sector means more than financial mobilization—it means shaping systems that direct capital to innovation, resilience, and inclusive opportunity.  \nPowering Jobs: Responding to the Global Employment Challenge  \nThe job creation imperative is urgent. In the Global South alone, 1.2 billion young people will enter the workforce over the next decade, but only 420 million jobs are expected to be created. The risks of exclusion, instability, and generational disillusionment are profound.  \nTo address this, we must pursue a threefold strategy:  \n1. Invest in Human Capital: Education, health, and job-relevant skills are the foundation of future-ready economies. Learning poverty must be tackled head-on.  \n2. Empower Cities: Urban areas must be enabled as hubs of innovation, enterprise, and job creation through infrastructure and digital connectivity","cbCaiveRQk8xKnVA","https://ap.wps.com/l/cbCaiveRQk8xKnVA","pdf",234912,1,3,"English","en",105,"# Introduction\n## Navigating Global Risks and Development Reversals\n## Enabling the Private Sector for Growth and Resilience\n## Powering Jobs: Responding to the Global Employment Challenge\n## Concluding Reflections","[{\"question\":\"What major challenges does the statement identify for developing economies?\",\"answer\":\"It points to heightened uncertainty from global disruptions, constrained investment, erosion of social spending, and increased vulnerability. It also warns that downside risks such as debt distress, geopolitical tensions, and trade disruptions threaten development progress.\"},{\"question\":\"How does the statement propose enabling private sector growth and resilience?\",\"answer\":\"It calls for systemic reforms to reduce transaction costs, remove market distortions, and build investor confidence. It also highlights enabling ecosystems through strong legal frameworks, transparent policies, reliable infrastructure, and tools such as PPPs and blended finance, including Islamic finance instruments.\"},{\"question\":\"What three-part strategy does the statement recommend to address the employment challenge?\",\"answer\":\"The statement recommends: investing in human capital (education, health, job-relevant skills), empowering cities as hubs of innovation and job creation, and scaling support for MSMEs by expanding access to finance, technology, and market linkages.\"}]",1784489910,{"code":4,"msg":29,"data":30},"ok",{"site_id":24,"language":23,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":83,"head_meta":85,"extra_data":87,"updated_unix":27},"111th-meeting-of-the-development-committee-april-24-2025-statement-by-dr-muhammad-al-jasser","",{"@graph":34,"@context":82},[35,51,65],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":21},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"https://docshare.wps.com/document/111th-meeting-of-the-development-committee-april-24-2025-statement-by-dr-muhammad-al-jasser/111391/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":23,"description":14,"dateModified":59,"datePublished":59,"encodingFormat":58,"isAccessibleForFree":60,"interactionStatistic":61},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":62,"interactionType":63,"userInteractionCount":4},"InteractionCounter",{"@type":64},"ViewAction",{"@type":66,"mainEntity":67},"FAQPage",[68,74,78],{"name":69,"@type":70,"acceptedAnswer":71},"What major challenges does the statement identify for developing economies?","Question",{"text":72,"@type":73},"It points to heightened uncertainty from global disruptions, constrained investment, erosion of social spending, and increased vulnerability. It also warns that downside risks such as debt distress, geopolitical tensions, and trade disruptions threaten development progress.","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"How does the statement propose enabling private sector growth and resilience?",{"text":77,"@type":73},"It calls for systemic reforms to reduce transaction costs, remove market distortions, and build investor confidence. It also highlights enabling ecosystems through strong legal frameworks, transparent policies, reliable infrastructure, and tools such as PPPs and blended finance, including Islamic finance instruments.",{"name":79,"@type":70,"acceptedAnswer":80},"What three-part strategy does the statement recommend to address the employment challenge?",{"text":81,"@type":73},"The statement recommends: investing in human capital (education, health, job-relevant skills), empowering cities as hubs of innovation and job creation, and scaling support for MSMEs by expanding access to finance, technology, and market linkages.","https://schema.org",{"og:url":49,"og:type":84,"og:title":13,"og:site_name":56,"og:description":14},"article",{"robots":86,"canonical":49},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":89},[90,94,98,102,107,112,117,120,125,128,132],{"id":20,"doc_module":4,"doc_module_name":44,"category_name":91,"show_sort_weight":92,"slug":93},"Story & Novel",90,"story-novel",{"id":45,"doc_module":4,"doc_module_name":44,"category_name":95,"show_sort_weight":96,"slug":97},"Literature",80,"literature",{"id":50,"doc_module":4,"doc_module_name":44,"category_name":99,"show_sort_weight":100,"slug":101},"Exam",70,"exam",{"id":103,"doc_module":4,"doc_module_name":44,"category_name":104,"show_sort_weight":105,"slug":106},5,"Comic",60,"comic",{"id":108,"doc_module":4,"doc_module_name":44,"category_name":109,"show_sort_weight":110,"slug":111},6,"Technology",50,"technology",{"id":113,"doc_module":4,"doc_module_name":44,"category_name":114,"show_sort_weight":115,"slug":116},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":44,"category_name":12,"show_sort_weight":118,"slug":119},30,"research-report",{"id":121,"doc_module":4,"doc_module_name":44,"category_name":122,"show_sort_weight":123,"slug":124},9,"Religion & Spirituality",20,"religion-spirituality",{"id":123,"doc_module":4,"doc_module_name":44,"category_name":126,"show_sort_weight":123,"slug":127},"World Cup","world-cup",{"id":129,"doc_module":4,"doc_module_name":44,"category_name":130,"show_sort_weight":129,"slug":131},10,"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":44,"category_name":134,"show_sort_weight":103,"slug":135},19,"General","general"]