[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110998-en":3,"doc-seo-110998-105":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},110998,13056703020460,"Valentina","https://ap-avatar.wpscdn.com/avatar/be000253dac470eee5d?_k=1778207105932848923",8,"Research & Report","Development Committee 103rd Meeting Statement - Waldo Mendoza Bellido","Statement by H.E. Waldo Mendoza Bellido, Minister of Economy and Finance of Peru, on behalf of multiple Latin American and Caribbean countries, for the 103rd Development Committee meeting (virtual, April 9, 2021). The statement highlights severe regional impacts from the COVID-19 crisis, including poverty, inequality, debt, and investment declines, and discusses priorities for short-term needs and long-term structural issues. It welcomes World Bank Group support for fair and affordable vaccine access, calls for scaled-up technical and capacity-building assistance, stresses country-driven vaccine choices and transparency, and addresses debt vulnerabilities via DSSI.","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/2021-0009 April 9, 2021  \nStatement by  \nH.E. Waldo Mendoza Bellido Minister of Economy and Finance  \nPeru  \nOn behalf of Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay  \nStatement by  \nH.E. Waldo Mendoza Bellido  \nMinister of Economy and Finance  \nPeru  \nOn behalf of Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay 103rd Meeting of the Development Committee  \nApril 9, 2021  \nWashington, DC  \n(VIRTUAL)  \nThe Latin American and Caribbean (LAC) region is one of the most heterogeneous-in terms of income level-of the world, with high poverty rates and unresolved development challenges. Some LAC countries have made remarkable economic and social progress over the last decades. Nevertheless, they still must grapple with high-income inequality, pockets of poverty and vulnerability, and weak governance andinstitutions, among other development challenges, and they remain vulnerable to external shocks.  \nThe magnitude of the global crisis triggered by COVID-19 is unprecedented in modern times, and it has hit the LAC region the hardest among all regions. With just 8% of the global population, the region accounts for 25% of global COVID19-related deaths. GDP plunged by 7.4% in 2020, the largest fall on record. Public debt increased from 58% of GDP in 2019 to 72% in 2020, and it is projected to rise to 76% by 2023, the highest among all regions. LAC has also experienced a 37% decline in foreign direct investment in 2020, the largest contraction among developing regions. An estimated 24 million jobs have been lost and almost 3 million companies are likely to close because of the severe blow the pandemic has dealt to the regional economy. Given the magnitude of the shock, extreme poverty is projected to increase from 12.1% to 14.6% in 2021 while moderate poverty is expected to rise from 11.7% to 14.6%. In a nutshell, the region will come out of this crisis with higher levels of poverty, income inequality, and indebtedness.  \nAgainst this backdrop, we will focus on the short-term needs and long-term structural problems faced by many developing countries, especially in the LAC region.  \nCOVID-19  \nWe welcome the paper “COVID-19: World Bank Group Support for Fair and Affordable Access to Vaccines by Developing Countries”, which very appropriately addresses the unprecedented global public health and economic crises brought about by the COVID-19 pandemic. By and large, the LAC region has been hit the hardest, with over 20 million cases since the start of the pandemic and, except for a few countries, lagging behind many developing regions in terms of vaccination efforts.  \nWe acknowledge and commend the WBG’s work, in close collaboration with other development partners, to help low-and middle-income countries prepare for the vaccination rollout and facilitate affordable and fair access to vaccines; including the US$12 billion of additional financing for the Global COVID-19 MPA program, which is part of the US$160 billion already committed through June 2021 to help countries respond to the pandemic.  \nWe support ongoing WBG’s efforts to facilitate access and deployment ofCOVID-19 vaccines and, given the severe blow the pandemic dealt to the LAC region, we expect it to benefit from the MPA program and from additional financial and technical assistance support during the ongoing recovery phase. On the latter, the WBG should scale up and fast-track technical, advisory, and capacity building support to low- and middle-income countries so that they are adequately prepared for effective vaccine deployment, results monitoring, and data maintenance. At the same time, we expect the WBG to adhere to the country-driven principle, by respect","cbCaimJfNJeypeYu","https://ap.wps.com/l/cbCaimJfNJeypeYu","pdf",181847,1,5,"English","en",105,"# COVID-19\n## Vaccine access, financing and deployment\n## Vaccine procurement transparency\n# Debt Service Suspension Initiative (DSSI)\n## Debt vulnerability assessment and extension","[{\"question\":\"What regional challenges does the statement emphasize regarding COVID-19?\",\"answer\":\"It highlights that the Latin American and Caribbean region has faced high poverty and unresolved development challenges, and that COVID-19 has worsened income inequality, vulnerability, public debt, and job losses, increasing both extreme and moderate poverty projections.\"},{\"question\":\"What does the statement welcome regarding vaccine support?\",\"answer\":\"It welcomes the World Bank Group paper on fair and affordable access to vaccines and commends efforts to help countries prepare for rollout and facilitate equitable access, including additional financing for the Global COVID-19 MPA program.\"},{\"question\":\"What actions does the statement ask for in vaccine deployment and financing?\",\"answer\":\"It calls for scaling up and fast-tracking technical, advisory, and capacity-building support for effective deployment, results monitoring, and data maintenance, while adhering to country-driven vaccine choice and using a fair, flexible approach to 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regional challenges does the statement emphasize regarding COVID-19?","Question",{"text":75,"@type":76},"It highlights that the Latin American and Caribbean region has faced high poverty and unresolved development challenges, and that COVID-19 has worsened income inequality, vulnerability, public debt, and job losses, increasing both extreme and moderate poverty projections.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What does the statement welcome regarding vaccine support?",{"text":80,"@type":76},"It welcomes the World Bank Group paper on fair and affordable access to vaccines and commends efforts to help countries prepare for rollout and facilitate equitable access, including additional financing for the Global COVID-19 MPA program.",{"name":82,"@type":73,"acceptedAnswer":83},"What actions does the statement ask for in vaccine deployment and financing?",{"text":84,"@type":76},"It calls for scaling up and fast-tracking technical, advisory, and capacity-building support for 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