[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111274-en":3,"doc-seo-111274-105":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},111274,3848291630094,"Emma Wilson","https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45",8,"Research & Report","Jim Chalmers - Statement for the 113th Meeting of the Development Committee - April 16, 2026","Statement by the Hon. Dr. Jim Chalmers, MP, Treasurer of Australia, on behalf of a multi-country constituency at the 113th Meeting of the Development Committee (Washington, DC, April 16, 2026). The statement assesses uneven global disruptions, conflict and humanitarian impacts, supply-chain uncertainty, and heightened vulnerability of small states to price and fuel shocks. It supports World Bank crisis response while urging sustained focus on development impact, job creation through predictable regulation, effective safeguards, and enabling investment environments to address climate and biodiversity risks.","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)  \nONE HUNDRED AND THIRTEENTH MEETING WASHINGTON, DC – APRIL 16, 2026  \nPub lic Disc losure Authorized  \nDC/S/2026-0005 April 16, 2026  \nStatement by  \nThe Hon. Dr. Jim Chalmers, MP  \nTreasurer  \nAustralia  \nOn behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), the Marshall Islands, the Federated States of Micronesia, Mongolia, Nauru, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu, and Vanuatu  \nStatement by  \nThe Hon. Dr. Jim Chalmers, MP  \nTreasurer  \nAustralia  \nOn behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), the Marshall Islands, the Federated States of Micronesia, Mongolia, Nauru, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu, and Vanuatu  \n113th Meeting of the Development Committee  \nApril 16, 2026  \nWashington, DC  \nGlobal economic context  \nThe global economy has been impacted unevenly by a range of disruptions over recent years, leaving many countries vulnerable to further economic, financial, and geopolitical shocks. Disruptions to trade patterns and global supply chains have increased uncertainty, undermining economic growth and development opportunities.  \nThe ongoing effects of the war in Ukraine continue to weigh on the global economy. At the same time, unfolding events in the Middle East highlight the increasingly complex and interconnectedness of current global challenges, with implications that will not be felt uniformly across countries. The humanitarian costs for hundreds of thousands of innocent people in active war zones across the globe are tragic. We are concerned about the impact on other protracted crises, including in Myanmar and Cox's Bazar – where economic and supply pressures will push already-stretched humanitarian services, and the wider ripple effects on economic and food insecurity.  \nMaterial price increases and disruption in access to refined petroleum and related products increase the risk of severe economic consequences on countries heavily reliant on such imports. These impacts will be felt broadly through a range of channels, including shipping costs, access to food and fertilizers, and a range of other base products derived from within the Middle East. As COVID-19 highlighted, small states are uniquely exposed to price shocks and fuel shortages – with our Pacific Island constituency especially vulnerable to oil price fluctuations and supply chain disruptions.  \nWe continue to support all meaningful efforts towards a cessation of all conflicts, recognizing that doing so is essential to restoring stability and building prosperity.  \nWhile we acknowledge the World Bank Group’s primary role as a development institution and support all efforts to deploy its crisis toolkit at scale and with speed, we also encourage maintained focus on its medium to long-term goal of delivering development impact in line with its vision and mission. This includes addressing the ongoing and compounding impacts of climate change.  \nCreating more and better-paid jobs  \nWe welcome the Development Committee paper on Creating the Enabling Environment for More and Better-Paid Jobs, and support the Bank’s highlighting the accumulation of physical, financial and human capital as the central pathway to poverty reduction, shared prosperity and social stability. We support the Bank’s emphasis on job creation to address development challenges.  \nWe agree that addressing the scale and urgency of the jobs challenge-particularly for young people and women - requires a predictable, fair and well-functioning regulatory environment. This is not about deregulation, but about better regulation—clear rules, effective institutions, and credible enforcement that reduce uncertainty, foster consumer confidence and ena","cbCaiuqI4xCoYHcM","https://ap.wps.com/l/cbCaiuqI4xCoYHcM","pdf",131847,1,4,"English","en",105,"# Global economic context\n# Creating more and better-paid jobs\n## Regulation and practical reforms\n## Accountability, spillovers, and safeguards","[{\"question\":\"What does the statement say about recent global economic disruptions?\",\"answer\":\"It highlights uneven impacts from trade disruptions and supply-chain uncertainty, increasing vulnerability to economic, financial, and geopolitical shocks.\"},{\"question\":\"How does the statement link job creation to the regulatory environment?\",\"answer\":\"It argues that the scale and urgency of jobs—especially for young people and women—requires a predictable, fair, and well-functioning regulatory environment, supported by clear rules, credible enforcement, and effective institutions.\"},{\"question\":\"What safeguards and climate priorities does the statement emphasize?\",\"answer\":\"It calls for high standards and safeguards to protect communities and the environment while minimizing implementation burden, and urges support for investments that reduce greenhouse gas emissions and curb biodiversity 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does the statement say about recent global economic disruptions?","Question",{"text":73,"@type":74},"It highlights uneven impacts from trade disruptions and supply-chain uncertainty, increasing vulnerability to economic, financial, and geopolitical shocks.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"How does the statement link job creation to the regulatory environment?",{"text":78,"@type":74},"It argues that the scale and urgency of jobs—especially for young people and women—requires a predictable, fair, and well-functioning regulatory environment, supported by clear rules, credible enforcement, and effective institutions.",{"name":80,"@type":71,"acceptedAnswer":81},"What safeguards and climate priorities does the statement emphasize?",{"text":82,"@type":74},"It calls for high standards and safeguards to protect communities and the environment while minimizing implementation burden, and urges support for investments that reduce greenhouse gas emissions and curb biodiversity 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