[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-112018-en":3,"doc-seo-112018-105":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},112018,13056703020460,"Valentina","https://ap-avatar.wpscdn.com/avatar/be000253dac470eee5d?_k=1778207105932848923",8,"Research & Report","Opening Address by the Chairman of the Boards of Governors, Honorable Sergii Marchenko - Minister of Finance of Ukraine","Opening Address by the Chairman of the Boards of Governors, Hon. Sergii Marchenko, Minister of Finance of Ukraine, welcomes participants to the 2023 Annual Meetings Plenary and expresses condolences and solidarity regarding recent disasters in Morocco, Libya, and Afghanistan. The address highlights the role of the World Bank and the IMF during crises, describes worsening global challenges such as weak growth, persistent inflation, climate shocks, and debt stress, and emphasizes the need to counter war, protect women and girls, and safeguard food security. It also outlines priorities for adapting to the future through resilience tools, debt coordination efforts, and mechanisms to mobilize private capital, with a focus on sustaining Ukraine’s economy and food supplies.","Public Disclosure Authorized Public Disclosure Authorized  \nOctober 13, 2023  \nOpening Address by the Chairman of the Boards of Governors, the Hon. SERGII MARCHENKO, Governor of the World Bank and the IMF for UKRAINE at the Joint Annual Discussion  \n2023 Annual Meetings  \nAddress by the Chairman of the Boards of Governors Honorable Sergii Marchenko,  \nMinister of Finance of Ukraine  \nIt is a great honor and pleasure to welcome you all to the 2023 Annual Meetings Plenary of the Boards of Governors of the World Bank and the International Monetary Fund. I would like to begin by expressing our condolences to the victims of last month’s earthquake and our collective solidarity with the Moroccan people. I would also like to pay tribute to the response of the Moroccan authorities and convey our gratitude to His Majesty King Mohammed VI of Morocco. Let me also express our sympathy to the people and authorities in Libya, who continue to suffer from the devastating impacts of storm Daniel as well as those in Afghanistan suffering from the impact of the recent earthquake.  \nBackdrop  \nWhen our members face a crisis, the World Bank and the IMF are at their side. They are there in solidarity, with knowledge and finance to bring to the table. They are as an old friend and as economists, as project managers, as advisors, ready to roll up their sleeves and get to work. It is at moments like these that it is plain to see why the world needs the World Bank and the IMF.  \nThe challenges facing our membership continue to intensify. Growth is below the historical average. Inflation, while declining in some parts of the world, still remains stubbornly high. Climate shocks and geo-fragmentation threaten to create more food and energy price spikes and complicate the flow of commodities across borders. More  \nthan half of low-income countries and some middle-income countries are in or are at high risk of debt distress, medium-term growth is forecast to be at its lowest pace in decades. Policymakers have little room for maneuver.  \nConflict and food security  \nOf all of the global challenges facing our membership, there is none greater than countering the destructive force of war. None greater than repairing the trail of devastation, of human tragedy and disruption to economies across the world. Violent conflict has spiked dramatically since 2010, doubling in the past decade, with setbacks to stability in regions across the world.  \nPoverty reduction efforts are derailed by fragility, conflict and violence. Gender based violence increases during war, making it critical to protect women and girls. War cuts across all of our development objectives. Conflict drives populations from their homes and livelihoods.  \nThanks to the strong partnerships with the World Bank and the IMF, as well as other generous donors, countries facing fragile situations are better able to provide basic services and avoid further economic downturn.  \nThe people we most need to reach are growing in numbers. Nearly a third of the world’s population did not have regular access to food last year. Severe food insecurity is twice as prevalent in FCV countries than non-FCV countries. Nonetheless, countries such as my own are resilient. For Ukraine, war today is a matter of life and death as we suffer from Russia’s invasion. Thanks to timely support from the World Bank and the IMF, we have been able to stabilize our economy and provide critical basic services to our citizens. We have also been able to play a central role in maintaining food supplies by  \nensuring that ships carrying much needed grain continue to sail from our Black Seaports. This helps to constrain price rises and provides significant support to food security across the world.  \nAdapting to the future  \nOther challenges are evolving and transcend borders. Climate change, the energy transition, and digitization-these words were not yet in the dictionary when the Bretton Woods Institutions were founded. New challenges requ","cbCaitAVKwupK4zN","https://ap.wps.com/l/cbCaitAVKwupK4zN","pdf",351242,1,5,"English","en",105,"# Introduction\n## Crisis response and global challenges\n# Conflict and food security\n# Adapting to the future\n# Debt and financing squeeze\n# Private capital and mechanisms\n# Closing","[{\"question\":\"What messages of solidarity and condolence are included in the opening address?\",\"answer\":\"The speaker offers condolences to victims of a recent earthquake and conveys solidarity with the Moroccan people, while also expressing sympathy to people and authorities affected by storms in Libya and an earthquake in Afghanistan.\"},{\"question\":\"Which major global challenges does the address emphasize?\",\"answer\":\"It highlights intensifying challenges including growth below historical averages, stubbornly high inflation in some regions, climate shocks and geo-fragmentation affecting food and energy prices, and rising debt distress risk alongside limited policy room.\"},{\"question\":\"How does the address propose responding to future challenges and financing gaps?\",\"answer\":\"It points to tools like the IMF’s Resilience and Sustainability Facility and collaboration on climate efforts, ongoing work on debt frameworks, and new mechanisms such as hybrid capital instruments and a portfolio guarantee platform to unlock cross-border flows and mobilize private capital.\"}]",1784492776,13,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":27},"opening-address-by-the-chairman-of-the-boards-of-governors-honorable-sergii-marchenko-minister-of-finance-of-ukraine","",{"@graph":35,"@context":85},[36,53,68],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/opening-address-by-the-chairman-of-the-boards-of-governors-honorable-sergii-marchenko-minister-of-finance-of-ukraine/112018/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-20","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 messages of solidarity and condolence are included in the opening address?","Question",{"text":75,"@type":76},"The speaker offers condolences to victims of a recent earthquake and conveys solidarity with the Moroccan people, while also expressing sympathy to people and authorities affected by storms in Libya and an earthquake in Afghanistan.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Which major global challenges does the address emphasize?",{"text":80,"@type":76},"It highlights intensifying challenges including growth below historical averages, stubbornly high inflation in some regions, climate shocks and geo-fragmentation affecting food and energy prices, and rising debt distress risk alongside limited policy room.",{"name":82,"@type":73,"acceptedAnswer":83},"How does the address propose responding to future challenges and financing gaps?",{"text":84,"@type":76},"It points to tools like the IMF’s Resilience and Sustainability Facility and collaboration on climate efforts, ongoing work on debt frameworks, and new mechanisms such as hybrid capital instruments and a portfolio guarantee platform to unlock cross-border flows and mobilize private capital.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,109,114,119,122,127,130,134],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":45,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":45,"category_name":136,"show_sort_weight":21,"slug":137},19,"General","general"]