[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109893-en":3,"doc-seo-109893-105":31,"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":30},109893,13056703019662,"Evangeline","https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188",8,"Research & Report","Development Committee 101st Meeting Statement by H. E. Guy Parmelin - April 17, 2020","Statement by H. E. Guy Parmelin, representing multiple member countries, to the World Bank and IMF Development Committee at its one hundred and first meeting held virtually on April 17, 2020. It addresses the unprecedented COVID-19 crisis, the need for fast and coordinated international action, and highlights the Bank’s rapid USD 14 billion response. It also emphasizes immediate support for countries’ health preparedness, medical procurement and supply chains, partnership with WHO and other actors, and fast-track measures for viable businesses. The statement further discusses longer-term economic and social impacts, including unemployment, food price shocks, migration risks, and the Bank’s role in mitigating fallout.","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 ONE MEETING  \nWASHINGTON, DC – APRIL 17, 2020  \n(VIRTUAL)  \nDC/S/2020-0034 April 17, 2020  \nStatement by  \nH. E. Guy Parmelin Minister and Head of the Federal Department for  \nEconomic Affairs, Education and Research  \nSwitzerland  \nOn behalf of Azerbaijan, Kazakhstan, the Kyrgyz Republic, Poland, Serbia, Switzerland, Tajikistan, Turkmenistan and Uzbekistan  \nStatement by  \nH. E. Guy Parmelin  \nMinister and Head of the Federal Department for Economic Affairs, Education and Research  \nSwitzerland  \nOn behalf of Azerbaijan, Kazakhstan, the Kyrgyz Republic, Poland,  \nSerbia, Switzerland, Tajikistan, Turkmenistan and Uzbekistan  \n101st Meeting of the Development Committee  \nApril 17, 2020  \nWashington, DC  \n(VIRTUAL)  \nThe world is facing an unprecedented crisis. COVID-19 has become a global pandemic affecting virtually all countries around the globe. Economic impacts of the extraordinary public health measures taken by governments are resulting in a contraction of the world economy. Fast and decisive international action is necessary to avoid the loss of a generation of economic progress and poverty reduction. It is important that the international community stands together and learns quickly from each another in the fight against this disease. International cooperation and coordination are needed more than ever to contain the further spread ofCOVID-19, and to mitigate the impact on the global economy.  \nAddressing immediate needs  \nWe commend the World Bank for its rigorous and immediate USD 14 billion fast-track response to the crisis to assist countries to prevent, detect and respond to the rapid spread ofCOVID-19, and for businesses to get access to liquidity, working capital and trade finance.  \nThe Strategic Preparedness and Response Program, which has been set up in record time, allows the Bank to rapidly provide targeted assistance tailored to the needs of client countries. The Multiphase Programmatic Approach has proven an excellent tool to respond speedily to countries’ urgent needs in responding to the public health threat posed by COVID-19. We welcome the approval of this program and the adoption of the first projects. Among these are two projects for countries of our Constituency, the Kyrgyz Republic and Tajikistan, providing them with urgently needed support to fight the spread of the COVID-19 pandemic, to improve preparedness in the overall health system, and to strengthen social protection.  \nBesides the provision of urgently needed medical equipment, capacity building and technical assistance is needed to identify critical gaps in the disease defense system, and to prioritize implementation measures and associated needs. The Bank assumes an important role in assisting countries with the challenging COVID19-related procurement processes and access to supply chains for medical equipment. These have suffered from simultaneous supply and demand shocks combined with multiple emergency export restrictions. The Bank should use its leverage and convening power to aggregate client demands and ensure the flow of vital medical supplies across borders while working to resolve supply chain disruptions.  \nThe urgency of the support requires a Bank which works rapidly, is responsive and agile, while at the sametime compliant with its standards, operating principles and safeguards. Constant monitoring and critical reviewing of its operations will be needed to learn and adjust project designs and implementation, if needed.  \nAs this fast-track program is rolled out, it remains important that the Bank effectively partners with the WHO and other key actors such as the regional Centers for Disease Control and Prevention, as well as other MDB’s and relevant UN agencies to deliver well-coor","cbCaiic7yPgZ6ZI8","https://ap.wps.com/l/cbCaiic7yPgZ6ZI8","pdf",54627,2,1,4,"English","en",105,"# Addressing immediate needs\n## Rapid World Bank response and targeted assistance\n## Health system preparedness, capacity building, and procurement\n## Partnerships and coordination for multilateral support\n## Support for viable businesses via IFC fast-track response\n# Addressing longer-term economic impacts","[{\"question\":\"What immediate actions does the statement call for regarding COVID-19?\",\"answer\":\"It calls for fast and decisive international cooperation to contain further spread of COVID-19, and for immediate, targeted support to prevent, detect, and respond to the disease. It also stresses coordinated multilateral delivery with the WHO and other key actors.\"},{\"question\":\"How does the statement describe the World Bank’s role during the crisis?\",\"answer\":\"It commends the World Bank’s rigorous USD 14 billion fast-track response and highlights the need for agile operations, constant monitoring, and critical review to adjust project designs. It also notes the Bank’s role in addressing procurement challenges and helping aggregate demands for vital medical supplies across borders.\"},{\"question\":\"What longer-term economic risks does the statement highlight?\",\"answer\":\"It highlights risks of severe unemployment, food price shocks and famine, and potential new dynamics in regional and global migration. It also emphasizes that both developed and developing countries—especially the poorest and those exposed to global value chains—face far-reaching impacts.\"}]","Development Committee 101st Meeting Statement by H. E. 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It also stresses coordinated multilateral delivery with the WHO and other key actors.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does the statement describe the World Bank’s role during the crisis?",{"text":80,"@type":76},"It commends the World Bank’s rigorous USD 14 billion fast-track response and highlights the need for agile operations, constant monitoring, and critical review to adjust project designs. It also notes the Bank’s role in addressing procurement challenges and helping aggregate demands for vital medical supplies across borders.",{"name":82,"@type":73,"acceptedAnswer":83},"What longer-term economic risks does the statement highlight?",{"text":84,"@type":76},"It highlights risks of severe unemployment, food price shocks and famine, and potential new dynamics in regional and global migration. It also emphasizes that both developed and developing countries—especially the poorest and those exposed to global value chains—face far-reaching impacts.","https://schema.org",{"og:url":52,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,134],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":22,"doc_module":4,"doc_module_name":47,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":47,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":47,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":47,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":47,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":47,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":30,"doc_module":4,"doc_module_name":47,"category_name":132,"show_sort_weight":30,"slug":133},"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":47,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]