[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110708-en":3,"doc-seo-110708-105":29,"detail-sidebar-cat-0-en-105":89},{"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":28},110708,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","Development Committee 103rd Meeting - Statement by Mohammed A. Al-Jadaan - April 9, 2021","Statement by H. E. Mohammed A. Al-Jadaan, Minister of Finance and Acting Minister of Economy and Planning of the Kingdom of Saudi Arabia, delivered at the 103rd Development Committee meeting (virtual) on April 9, 2021. The remarks address the global economic uncertainty caused by COVID-19 and outline priorities for World Bank Group support: emergency financing, vaccine deployment, and assistance for low-income countries. They also cover debt vulnerabilities under the G20 Common Framework, including extending the Debt Service Suspension Initiative and the need for timely, orderly debt resolutions supported by debt sustainability analysis.","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 THIRD MEETING WASHINGTON, DC – APRIL 9, 2021  \n(VIRTUAL)  \nDC/S/2021-0021 April 9, 2021  \nStatement by  \nH. E. Mohammed A. Al-Jadaan Minister of Finance and Acting Minister of Economy and Planning  \nThe Kingdom of Saudi Arabia  \nStatement by  \nH.E. Mohammed A. Al-Jadaan  \nMinister of Finance and Acting Minister  \nof Economy and Planning  \nThe Kingdom of Saudi Arabia  \n103rd Meeting of the Development Committee  \nApril 9, 2021  \nWashington, DC  \n(VIRTUAL)  \nA year ago, the global economy was hit hard by a crisis like no other, and the world subsequently entered a period of extreme uncertainty. Today, the international community stands at a critical juncture as it continues to grapple with the devastating health and socioeconomic consequences of the COVID-19 pandemic. We are beginning to see signs of economic recovery and slowdown in the spread of the virus. However, downside risks remain significant, including those arising from renewed virus outbreaks. I commend the World Bank Group (WBG) swift response to the COVID-19 pandemic, focusing on saving lives and livelihoods with unprecedented support to member countries.  \nGoing Forward, the triple challenge for the WBG is to provide emergency financing to, and facilitate deployment of, vaccines in member countries; address debt vulnerabilities especially in low-income countries; and support economic recovery that lays the foundation for long-term growth.  \nWBG Support for Access to COVID-19 Vaccines  \nThe world will not be safe from the COVID-19 pandemic unless everyone is safe in every part of the world. The G20, under the Saudi Presidency, called for equitable and affordable access to safe and effective COVID-19 vaccines, diagnostics, and therapeutics for all. Being the world’s premier development institution, the WBG has a leading role in the global efforts to fight the pandemic alongside the WHO, GAVI, UNICEF and other partners.  \nI welcome the WBG support for vaccine financing, and its strong advocacy for transparent and fair vaccine rollout. In this context, I would like to make the following points:  \n• Given that about 2 percent of vaccine deployment has taken place in lower-income countries (LICs), the access issue must be given the highest priority. New and innovative approaches should be explored to expand vaccine acquisition and deployment among LICs, including those in fragile and conflict-affected situations.  \n• Some countries lack preparedness for effective deployment of vaccines, monitoring of results, and maintenance of data. This makes the case for scaling up and fast-tracking technical assistance and capacity building support to such countries.  \n• The current vaccines production capacity is inadequate for the required large-scale deployment. The WBG should take proactive steps to help develop vaccine manufacturing capacity in member countries.  \n• COVID-19 infection rates may be grossly under-reported in some low-income countries because of testing capacity constraints, and inadequate health and data systems. This is yet another area  \nwhere the WBG can help countries improve their capacity to accurately assess the breadth and depth of the pandemic.  \nSaudi Arabia, on its part, remains fully committed to supporting equitable and affordable access to COVID- 19 vaccines for all. To this end, it has pledged USD 500 million to support the global efforts in the fight against the pandemic.  \nWBG and IMF Support for Debt Relief Under the G20 Common Framework and Beyond  \nI thank the WBG and IMF for the joint efforts to address debt vulnerabilities in LICs, including through the Multi-Pronged Approach. The impact of the COVID-19 pandemic and the evolving international debt architecture point to the need for a more creative ","cbCailM5c6FEXTNa","https://ap.wps.com/l/cbCailM5c6FEXTNa","pdf",163106,1,4,"English","en",105,"# Development Committee statement\n## COVID-19 economic context and World Bank Group response\n## Going forward: vaccine access and support priorities\n## WBG support for access to COVID-19 vaccines\n## Debt relief under the G20 Common Framework and beyond\n## Saudi Arabia commitments and next steps","[{\"question\":\"What key priorities does the statement set for the World Bank Group going forward?\",\"answer\":\"It emphasizes emergency financing and enabling vaccine deployment, addressing debt vulnerabilities—especially in low-income countries—and supporting economic recovery for long-term growth.\"},{\"question\":\"What points does the statement raise regarding access to COVID-19 vaccines?\",\"answer\":\"It calls for prioritizing access for lower-income countries, scaling technical assistance and capacity building where preparedness is lacking, expanding manufacturing capacity, and improving health and data systems to better track infection rates.\"},{\"question\":\"How does the statement describe G20 debt relief actions and implementation needs?\",\"answer\":\"It supports a six-month extension of the DSSI through December 2021 and the Common Framework for debt treatment beyond the DSSI, stressing prompt and effective implementation with debt sustainability analysis by IMF and WBG and improved communication with 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key priorities does the statement set for the World Bank Group going forward?","Question",{"text":73,"@type":74},"It emphasizes emergency financing and enabling vaccine deployment, addressing debt vulnerabilities—especially in low-income countries—and supporting economic recovery for long-term growth.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"What points does the statement raise regarding access to COVID-19 vaccines?",{"text":78,"@type":74},"It calls for prioritizing access for lower-income countries, scaling technical assistance and capacity building where preparedness is lacking, expanding manufacturing capacity, and improving health and data systems to better track infection rates.",{"name":80,"@type":71,"acceptedAnswer":81},"How does the statement describe G20 debt relief actions and implementation needs?",{"text":82,"@type":74},"It supports a six-month extension of the DSSI through December 2021 and the Common Framework for debt treatment beyond the DSSI, stressing 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