[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111731-en":3,"doc-seo-111731-105":28,"detail-sidebar-cat-0-en-105":88},{"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":11},111731,1099514067438,"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","Ms. Elisabeth Svantesson - Chair’s Statement - 112th Meeting of the Development Committee","Chair’s Statement by Ms. Elisabeth Svantesson, DC Chair, summarizing views from the majority of Development Committee members following the 112th meeting on October 16, 2025. It addresses global economic transformation and heightened uncertainty, emphasizing sound policies to strengthen confidence, resilience, and macroeconomic and financial stability. The statement highlights the humanitarian and economic costs of ongoing wars, the need for lasting peace, and support for jobs through Foundations for Growth and Jobs, education and skills alignment, energy access, and debt sustainability and domestic resource mobilization.","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/2025-0072  \nOctober 16, 2025  \nSTATEMENT BY  \nMS. ELISABETH SVANTESSON, DC CHAIR  \nAttached for information for the Members of the Development Committee is a Statement, which reflects the views of the majority of Committee Members, from Ms. Elisabeth Svantesson, DC Chair following the Committee’s one hundred and twelfth meeting held on October 16, 2025.  \n*****  \nChair’s Statement: 112th Meeting of the Development Committee  \nMs. Elisabeth Svantesson, Minister of Finance, Sweden  \nThe global economy is undergoing a profound transformation and facing elevated uncertainty, bringing challenges, but also opportunities. Growth has been resilient, but strains are emerging. We will adopt sound policies that foster confidence, build resilience, and safeguard macroeconomic andfinancial stability. We will continue to cooperate to address global challenges. Ongoing wars and conflicts continue to impose a heavy humanitarian toll, with large economic costs and significant negative spillovers. Ending wars and conflicts and securing lasting peace around the world remains essential for sustainable growth and long-term stability.  \nThe Development Committee met today, October 16, in Washington, D.C.  \nGovernors noted that the global economy continues to face significant challenges and uncertainties in the short and medium term, hindering efforts to sustain economic growth, create jobs, and reduce poverty.  \nMembers welcomed the Foundations for Growth and Jobs paper and recognized WBG’s ongoing work to support client countries to establish the physical, human, and natural infrastructure necessary for job creation, enabling effective policy and regulatory business environments, boosting regional connectivity and trade, and mobilizing cross-border and domestic private capital, where IFC and MIGA will play a crucial role.  \nThe Development Committee asked the WBG to continue to leverage its financing and knowledge capacity and work as One WBG to lift barriers to job creation and boost private sector investment in the interest of clients. Members supported the work of the WBG in expanding access to quality education, including technical and vocational training, aligning skills with industry needs, removing barriers to economic opportunities and entrepreneurship for all, including for women and girls.  \nMembers were encouraged by the WBG’s continued engagement to deliver accessible, affordable, and reliable energy to those who most need it, including Mission 300 with the African Development Bank and partners. Governors recognized rising demand for access to energy because jobs, basic public services, businesses, and increased digitalization will require it.  \nThe Development Committee called on the WBG to continue to collaborate with the International Monetary Fund and development partners on countries’ debt sustainability, transparency and vulnerabilities and to support countries on effective and fair domestic resource mobilization. Governors also called for the WBG to continue to strengthen partnerships with other international organizations and the private sector.  \nThe Development Committee acknowledged the World Bank Group’s efforts to become faster, simpler, more efficient, and impactful—deepening its focus on results and leveraging lending capacity, while preserving its triple-A rating and the organization’s financial sustainability. Governors note greater emphasis on quality-based approaches, local labor, and job creation in the revised WBG procurement regulations.  \nGovernors urged the WBG to continue its efforts to maximize impact with clients, as reflected in the Scorecard. Members noted that in fiscal year 2025 the WBG increased its financial commitments to $118.5 billion and mobilized $69.9 billion of privat","cbCaifYSPwRLm0yc","https://ap.wps.com/l/cbCaifYSPwRLm0yc","pdf",174753,1,3,"English","en",105,"# Chair’s Statement: 112th Meeting of the Development Committee\n## Economic outlook and policy priorities\n## Jobs, education, and investment support\n## Energy access and partnerships\n## Debt sustainability, procurement, and finance commitments\n## Focus areas: FCV, small states, and IDA21\n## Next meeting","[{\"question\":\"What main economic challenges did Governors highlight in the statement?\",\"answer\":\"Governors noted significant challenges and uncertainty in the short and medium term, which hinder sustaining growth, creating jobs, and reducing poverty.\"},{\"question\":\"Which actions did the Development Committee ask the WBG to prioritize for job creation and private investment?\",\"answer\":\"The Committee urged the WBG to leverage its financing and knowledge capacity as One WBG to remove barriers to job creation, boost private sector investment, and support effective policy and regulatory business environments.\"},{\"question\":\"What finance and performance updates were mentioned for FY2025?\",\"answer\":\"Members noted FY2025 commitments of $118.5 billion and mobilized $69.9 billion of private capital, along with climate co-benefits of 48 percent for FY25 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main economic challenges did Governors highlight in the statement?","Question",{"text":72,"@type":73},"Governors noted significant challenges and uncertainty in the short and medium term, which hinder sustaining growth, creating jobs, and reducing poverty.","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"Which actions did the Development Committee ask the WBG to prioritize for job creation and private investment?",{"text":77,"@type":73},"The Committee urged the WBG to leverage its financing and knowledge capacity as One WBG to remove barriers to job creation, boost private sector investment, and support effective policy and regulatory business environments.",{"name":79,"@type":70,"acceptedAnswer":80},"What finance and performance updates were mentioned for FY2025?",{"text":81,"@type":73},"Members noted FY2025 commitments of $118.5 billion and mobilized $69.9 billion of private capital, along with climate co-benefits of 48 percent for FY25 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