[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110725-en":3,"doc-seo-110725-105":30,"detail-sidebar-cat-0-en-105":92},{"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":13,"seo_description":14,"update_tm":28,"read_time":29},110725,1099514067438,"River Wang","https://ap-avatar.wpscdn.com/avatar/100002539ee87300030?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780474512215547542",8,"Research & Report","G24 Communiqué - April 5, 2021","G24 Communiqué from the Development Committee transmission outlines priorities for a broad-based, inclusive recovery from the COVID-19 crisis. It emphasizes the urgent need to contain the pandemic through scaled, equitable access to safe and affordable vaccines, with calls for increased financing, support for COVAX, and steps toward patent liberalization. It also highlights strengthening international cooperation, expanding liquidity and fiscal support for developing countries, and reinforcing IMF-centered global financial safety nets with Special Drawing Rights, quota reforms, and transparent use.","Public Disclosure Authorized Public Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committee of the  \nBoards of Governors ofthe Bank and the Fundon the  \nTransfer of Real Resources to Developing Countries)  \nDC/S/2021-0007  \nApril 5, 2021  \nG24 COMMUNIQUÉ  \nThe attached Communiqué of the one hundred and fifth meeting of the Ministers ofthe Intergovernmental Group of Twenty-Four, held virtually on April 5, 2021 is circulated for the information of the Development Committee at the request of Abdolnaser Hemmati, Governor of the Central Bank of the Islamic Republic of Iran, serving as Chair.  \n***  \nINTERGOVERNMENTAL GROUP OF TWENTY-FOUR ON INTERNATIONAL MONETARY AFFAIRS AND DEVELOPMENT  \nCOMMUNIQUÉ  \nChaired by Abdolnaser Hemmati, Governor of the Central Bank of the  \nIslamic Republic of Iran  \nApril 5, 2021  \n1. The global economy is showing signs of recovering from the COVID-19 crisis. The path to broad-based and inclusive recovery is nevertheless fraught with uncertainty about the availability and access to safe and affordable vaccines for all and the strength of external financial support to developing countries. The pandemic has strained the health systems and severely hit the economies of developing countries, which have had limited policy space to respond. Millions of people have fallen into extreme poverty, and food insecurity has risen starkly especially in the poorest countries and those living in fragile and conflict-affected situations. Our urgent priorities are to contain the pandemic, for which scaling up vaccinations will be crucial, and rebuild our economies to avoid a lost decade of development and a major decline in people’s well-being.  \n2. At this critical juncture, international cooperation is essential to secure a better recovery for all countries and promote a strong pace of global convergence of per capita income levels between advanced and developing countries. We will continue to respond with exceptional policy measures, as long as needed and as national circumstances allow it, in order to support economic activity to protect jobs and incomes, provide social protection especially to vulnerable populations, strengthen health systems, accelerate digitalization and maintain financial resilience. Large stimulus packages in advanced countries cushioned the global impact of the pandemic, and we encourage them not to withdraw support prematurely. International assistance for developing countries, however, has fallen short of their estimated $2.5 trillion in additional financing needs. We call on the IFIs, especially the IMF and the World Bank, in coordination with the international community to ensure the availability, to the fullest extent possible, of the necessary liquidity and fiscal support for all developing countries. Concessional financing and ensuring positive net transfers should be essential parts of the global financial response to avoid prolonged damage to development prospects of low-income countries (LICs) and small vulnerable states. It is crucial for all major economies to work together and use all policy tools available to foster an environment of increased trade and investors’ confidence to boost investment growth for all countries.  \n3. Early availability of, and equitable access to, affordable vaccines everywhere is the most critical public good at this juncture. It is essential to contain the pandemic and secure a broadbased global recovery. We call on advanced countries to boost financing for the COVAX Facility to help more low-and middle-income countries obtain fair and rapid access to affordable vaccines and move toward patent liberalization for COVID-19 vaccines to boost global production. We welcome the African Union’s vaccine program that procures vaccines to supplement those acquired through the COVAX Facility. Multilateral development banks (MDBs) must also play an important role in financing and delivering vaccines and support efforts to enable vaccine manufact","cbCais9NzZODqm98","https://ap.wps.com/l/cbCais9NzZODqm98","pdf",167432,5,1,6,"English","en",105,"# Global economic recovery and development priorities\n## Vaccine access, financing, and production\n## International financial support and IMF SDRs","[{\"question\":\"What are the main priorities stated in the G24 Communiqué for recovery?\",\"answer\":\"Contain the pandemic by scaling up vaccinations, support economic rebuilding to avoid a lost decade of development, and strengthen social protection and resilience for vulnerable populations.\"},{\"question\":\"How does the Communiqué address vaccine access for developing countries?\",\"answer\":\"It calls for early availability and equitable access, increased financing for COVAX, moving toward patent liberalization to boost production, and multilateral banks’ roles in financing, delivery, and enabling manufacturing.\"},{\"question\":\"What financial mechanisms does the Communiqué emphasize for supporting developing countries?\",\"answer\":\"It underscores the IMF-centered global financial safety net, including meaningful SDR allocations, recycling mechanisms to boost lending capacity, transparent and accountable SDR utilization, and timely quota reviews and governance 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are the main priorities stated in the G24 Communiqué for recovery?","Question",{"text":76,"@type":77},"Contain the pandemic by scaling up vaccinations, support economic rebuilding to avoid a lost decade of development, and strengthen social protection and resilience for vulnerable populations.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"How does the Communiqué address vaccine access for developing countries?",{"text":81,"@type":77},"It calls for early availability and equitable access, increased financing for COVAX, moving toward patent liberalization to boost production, and multilateral banks’ roles in financing, delivery, and enabling manufacturing.",{"name":83,"@type":74,"acceptedAnswer":84},"What financial mechanisms does the Communiqué emphasize for supporting developing countries?",{"text":85,"@type":77},"It underscores the IMF-centered global financial safety net, including meaningful SDR allocations, recycling mechanisms to boost lending capacity, transparent and 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