[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109817-en":3,"doc-seo-109817-105":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},109817,1374391974468,"Eden","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Development Committee One Hundred and Two Meeting Statement - Statement by Arturo Herrera Gutiérrez","Statement by Arturo Herrera Gutiérrez, Secretary of Finance and Public Credit of Mexico, delivered on behalf of several countries during the 102nd Development Committee (virtual) meeting on October 16, 2020. The statement assesses the COVID-19 pandemic’s global economic and public health impacts, highlights fragile health systems and vulnerable groups, and reviews fiscal and containment efforts worldwide. It commends the World Bank Group and IMF response, calls for strengthening multilateral instruments, and emphasizes the heightened vulnerability of emerging markets and developing economies.","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 TWO MEETING WASHINGTON, DC – OCTOBER 16, 2020  \n(VIRTUAL)  \nDC/S/2020-0059 October 16, 2020  \nStatement by  \nArturo Herrera Gutiérrez Secretary of Finance and Public Credit  \nMexico  \nOn behalf of Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Kingdom of Spain, and Bolivarian Republic of Venezuela  \nStatement by  \nArturo Herrera Gutiérrez  \nSecretary of Finance and Public Credit  \nMexico  \nOn behalf of Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Kingdom of  \nSpain, and Bolivarian Republic of Venezuela  \n102nd Meeting of the Development Committee  \nOctober 16, 2020  \nWashington, DC  \n(VIRTUAL)  \n1. The implications of the Coronavirus global pandemic have been more profound and the global economy’s recovery remains susceptible to reversals. The extremely high toll of the crisis continues to mount as a second wave of the pandemic is unfolding. In this context, economic forecasts have been revised upward for Advanced Economies as well as for some countries in other regions. The contraction in global output is the largest since World War II and also the most widespread since 1871. In the absence of a vaccine or proven treatment, uncertainty will remain high. If downside risks materialize, the expected recovery will extend beyond 2021.  \n2. Notwithstanding past warnings from authoritative voices ofthe risk of pandemics materializing at any moment, many public health systems have proven too fragile and meagerly prepared. Infrastructure, logistics, and even specialized human resources exhibit worrying gaps in developing and developed countries alike. This critical situation has particularly affected poor and vulnerable groups with inadequate social protection. Ethnic groups and migrants have been suffering the most.  \n3. During the last seven months, governments worldwide have displayed unprecedented efforts to contain the spread of the virus and its adverse economic impact. These included confinement measures, reinforcement of health systems and social protection programs, as well as unprecedented fiscal support to protect the most vulnerable and sustain productive activities, especially in high income countries, where possible monetary policy has also been expansionary. Meanwhile, the pandemic is still registering stops and starts, and in many countries additional confinement measures may be necessary despite their high social and economic costs.  \n4. We commend the efforts of the World Bank Group (WBG) and the International Monetary Fund (IMF) to lead the international community in the critical global actions to address the consequences of COVID. Since the outbreak of the crisis, the Bretton Woods Institutions have adopted an ambitious response effort, mobilizing and delivering an unprecedented level of resources to countries. We recognize the responsiveness and immediacy of Management and staff’s expertise and commitment under adverse conditions, beginning with the WBG’s COVID19 Rapid Response Program in April and the additional financing to the COVID19 Strategic Preparedness this October. Efforts to mobilize private investment and sustain markets in developing economies are also essential. We welcome the front loading ofthe WBG financing capacity, given the urgency and magnitude of the challenges. We also applaud the strategy for the COVID consequences.  \n5. These painful health and economic crises create momentum to re-think critical issues in international cooperation, global public goods, globalization and development. The call for strengthening our multilateral instruments and fostering international cooperation aims to stem and overcome this dual crisis and reaffirm the improvement of living standards as a global common good. The unprecedente","cbCaifaFnZ3tfE8W","https://ap.wps.com/l/cbCaifaFnZ3tfE8W","pdf",213353,3,1,4,"English","en",105,"# Statement by Arturo Herrera Gutiérrez\n## Pandemic implications and global economic uncertainty\n## Fragile public health systems and vulnerable groups\n## Global containment efforts and fiscal support\n## World Bank Group and IMF responses\n## Re-thinking international cooperation and global public goods\n## Vulnerability of emerging markets and developing economies\n## Risks to development goals and poverty impacts","[{\"question\":\"What does the statement say about the pandemic’s effect on the global economy?\",\"answer\":\"It states that the crisis has been profound and that recovery remains susceptible to reversals. It highlights that global output contraction is the largest since World War II and that uncertainty remains high without a vaccine or proven treatment.\"},{\"question\":\"How does the statement describe public health capacity and its impact on vulnerable groups?\",\"answer\":\"It notes that many public health systems were fragile and underprepared. It emphasizes worrying gaps in infrastructure and logistics, with poor and vulnerable groups—especially ethnic groups and migrants—suffering the most.\"},{\"question\":\"What actions does the statement commend and what does it call for going forward?\",\"answer\":\"It commends the World Bank Group and IMF for mobilizing unprecedented resources and points to programs supporting COVID response and preparedness. It calls for strengthening multilateral instruments, fostering international cooperation, and initiating an in-depth discussion on global public goods, with health as fundamental for safety and economic sustainability.\"}]","Development Committee One Hundred and Two Meeting Statement - Statement by Arturo Herrera Gutiérrez | PDF",1784482513,10,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":29},"development-committee-one-hundred-and-two-meeting-statement-statement-by-arturo-herrera-gutierrez","",{"@graph":37,"@context":85},[38,53,68],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":20},"https://docshare.wps.com/document/research-report/",{"item":52,"name":13,"@type":44,"position":22},"https://docshare.wps.com/document/development-committee-one-hundred-and-two-meeting-statement-statement-by-arturo-herrera-gutierrez/109817/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":24,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":42,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-29","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What does the statement say about the pandemic’s effect on the global economy?","Question",{"text":75,"@type":76},"It states that the crisis has been profound and that recovery remains susceptible to reversals. It highlights that global output contraction is the largest since World War II and that uncertainty remains high without a vaccine or proven treatment.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does the statement describe public health capacity and its impact on vulnerable groups?",{"text":80,"@type":76},"It notes that many public health systems were fragile and underprepared. It emphasizes worrying gaps in infrastructure and logistics, with poor and vulnerable groups—especially ethnic groups and migrants—suffering the most.",{"name":82,"@type":73,"acceptedAnswer":83},"What actions does the statement commend and what does it call for going forward?",{"text":84,"@type":76},"It commends the World Bank Group and IMF for mobilizing unprecedented resources and points to programs supporting COVID response and preparedness. It calls for strengthening multilateral instruments, fostering international cooperation, and initiating an in-depth discussion on global public goods, with health as fundamental for safety and economic sustainability.","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":48,"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"]