[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110883-en":3,"doc-seo-110883-105":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},110883,13056703019662,"Evangeline","https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188",8,"Research & Report","Statement by Abdulhamid Alkhalifa - 103rd Meeting of the Development Committee - April 9, 2021 (Virtual)","Statement by Abdulhamid Alkhalifa, Director-General of the OPEC Fund for International Development, addresses the ongoing global impacts of the COVID-19 pandemic on health, economies, and social conditions. It highlights setbacks in poverty reduction, rising unemployment, and strains on education and social infrastructure, with women disproportionately affected. The statement emphasizes the need for comprehensive social protection and discusses debt vulnerability, including extensions of the DSSI and the role of the Common Framework for Debt Treatments. It calls for equitable vaccine distribution, support for vaccine development and access through COVAX, and alignment of MDB responses with green, resilient, and inclusive development.","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 THIRD MEETING WASHINGTON, DC – APRIL 9, 2021  \n(VIRTUAL)  \nDC/S/2021-0019 April 9, 2021  \nStatement by  \nAbdulhamid Alkhalifa Director-General  \nof the  \nOPEC Fund for International Development  \nStatement by  \nAbdulhamid Alkhalifa  \nDirector-General  \nof the  \nOPEC Fund for International Development  \n103rd Meeting of the Development Committee  \nApril 9, 2021  \nWashington, DC  \n(VIRTUAL)  \nThe outbreak and spread of the COVID-19 pandemic continues to present exceptional health, economic and social challenges, at a global level. With over 130 million cases and 2.8 million fatalities, all countries have been required to address and adapt, as national health systems are stretched to the limits. While the direct economic impact of the pandemic appears slightly attenuated in 2021, with the perspective of moderate growth, on the social front a reverse trend in poverty reduction and increasing unemployment presents an austere perspective. By end of 2020, an additional 100 million people were estimated to be living in extreme poverty, and this number is due to increase in the current year. SDG goal of reducing extreme poverty to below 3 percent by 2030 appears even more challenging. The pandemic has also strained human capital development through the disruption of educational systems and restrained access to social infrastructure. Women have been strongly affected by the pandemic through the diminishing income and loss of employment combined with assuming a higher share of family care work. Comprehensive social protection packages are crucial to reinforcing the resilience of poor and vulnerable households and communities to the current and future crisis.  \nThe pandemic impact on debt vulnerability continues to be an overriding concern for developing countries, in particular for those with high debt-levels prior to the crisis, now at higher risk of deb distress. The extension of the Debt Service Suspension Initiative (DSSI) to June 30, 2021, and beyond, in combination with the Common Framework for Debt Treatments (CF), is an encouraging initiative of the G20 . In 2020, some 54% of IDA countries were exposed to high risk of debt distress, as compared to 24% in 2013. The extension of the DSSI will allow reducing the fiscal space constraints for participating countries, while freeing resources to address the health and economic challenges of the pandemic, including the timely deployment of the vaccines. In these unprecedented circumstances, the DSSI continues to provide liquidity relief for the poorest countries in the world. Coordinated solutions will allow major donors to extend debt relief, without diminishing their capacity to provide ongoing and future support for all developing countries.  \nThe pace of global economic recovery is contingent on continued and effective vaccines rollout, particularly across developing countries. The equitable distribution of vaccines requires a wider global co-operation  \nand funding to ensure their adequate and timely availability. The partnership between research, private sector, and government agencies have facilitated the wide-ranging deployment of vaccines. However, demand for safe and effective COVID-19 vaccines is far in excess of available stocks. In addition, disparities in the vaccination roll-out prevail: a considerable portion of the COVID-19 vaccines have been provided to the population of high and upper middle-income countries, while only 2 percent has been deployed in lower-income countries. As mentioned by the WBG, public and private sectors should play a catalytic “role in developing vaccines effective against new variants, expanding production capacity to cover the urgent needs of developing countries, and delivering vaccines, equipment, d","cbCaie8kWPGL2v3d","https://ap.wps.com/l/cbCaie8kWPGL2v3d","pdf",196516,1,3,"English","en",105,"# Development Committee (Joint Ministerial Committee) Statement\n## COVID-19 impacts on health, economy, and society\n## Social protection and poverty reduction\n## Debt vulnerability and DSSI extension\n## Vaccine rollout, equity, and COVAX\n## Green, resilient, and inclusive development (GRID)\n## OPEC Fund commitment and cooperation calls","[{\"question\":\"What key social and economic challenges does the statement associate with COVID-19?\",\"answer\":\"It links the pandemic to exceptional health, economic, and social challenges, including stretched health systems, reverse trends in poverty reduction, and increasing unemployment, alongside disrupted education and limited access to social infrastructure.\"},{\"question\":\"How does the statement address debt vulnerability for developing countries?\",\"answer\":\"It emphasizes that debt vulnerability remains a core concern and cites the extension of the Debt Service Suspension Initiative (DSSI) through June 30, 2021, alongside the Common Framework for Debt Treatments to improve liquidity and fiscal space.\"},{\"question\":\"What does the statement propose regarding COVID-19 vaccines?\",\"answer\":\"It calls for continued and effective vaccine rollout, stresses equitable distribution, notes disparities in current deployment between high-income and lower-income countries, and highlights the COVAX Facility as a major step toward access.\"}]",1784487541,{"code":4,"msg":29,"data":30},"ok",{"site_id":24,"language":23,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":83,"head_meta":85,"extra_data":87,"updated_unix":27},"statement-by-abdulhamid-alkhalifa-103rd-meeting-of-the-development-committee-april-9-2021-virtual","",{"@graph":34,"@context":82},[35,51,65],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":21},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"https://docshare.wps.com/document/statement-by-abdulhamid-alkhalifa-103rd-meeting-of-the-development-committee-april-9-2021-virtual/110883/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":23,"description":14,"dateModified":59,"datePublished":59,"encodingFormat":58,"isAccessibleForFree":60,"interactionStatistic":61},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":62,"interactionType":63,"userInteractionCount":4},"InteractionCounter",{"@type":64},"ViewAction",{"@type":66,"mainEntity":67},"FAQPage",[68,74,78],{"name":69,"@type":70,"acceptedAnswer":71},"What key social and economic challenges does the statement associate with COVID-19?","Question",{"text":72,"@type":73},"It links the pandemic to exceptional health, economic, and social challenges, including stretched health systems, reverse trends in poverty reduction, and increasing unemployment, alongside disrupted education and limited access to social infrastructure.","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"How does the statement address debt vulnerability for developing countries?",{"text":77,"@type":73},"It emphasizes that debt vulnerability remains a core concern and cites the extension of the Debt Service Suspension Initiative (DSSI) through June 30, 2021, alongside the Common Framework for Debt Treatments to improve liquidity and fiscal space.",{"name":79,"@type":70,"acceptedAnswer":80},"What does the statement propose regarding COVID-19 vaccines?",{"text":81,"@type":73},"It calls for continued and effective vaccine rollout, stresses equitable distribution, notes disparities in current deployment between high-income and lower-income countries, and highlights the COVAX Facility as a major step toward access.","https://schema.org",{"og:url":49,"og:type":84,"og:title":13,"og:site_name":56,"og:description":14},"article",{"robots":86,"canonical":49},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":89},[90,94,98,102,107,112,117,120,125,128,132],{"id":20,"doc_module":4,"doc_module_name":44,"category_name":91,"show_sort_weight":92,"slug":93},"Story & Novel",90,"story-novel",{"id":45,"doc_module":4,"doc_module_name":44,"category_name":95,"show_sort_weight":96,"slug":97},"Literature",80,"literature",{"id":50,"doc_module":4,"doc_module_name":44,"category_name":99,"show_sort_weight":100,"slug":101},"Exam",70,"exam",{"id":103,"doc_module":4,"doc_module_name":44,"category_name":104,"show_sort_weight":105,"slug":106},5,"Comic",60,"comic",{"id":108,"doc_module":4,"doc_module_name":44,"category_name":109,"show_sort_weight":110,"slug":111},6,"Technology",50,"technology",{"id":113,"doc_module":4,"doc_module_name":44,"category_name":114,"show_sort_weight":115,"slug":116},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":44,"category_name":12,"show_sort_weight":118,"slug":119},30,"research-report",{"id":121,"doc_module":4,"doc_module_name":44,"category_name":122,"show_sort_weight":123,"slug":124},9,"Religion & Spirituality",20,"religion-spirituality",{"id":123,"doc_module":4,"doc_module_name":44,"category_name":126,"show_sort_weight":123,"slug":127},"World Cup","world-cup",{"id":129,"doc_module":4,"doc_module_name":44,"category_name":130,"show_sort_weight":129,"slug":131},10,"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":44,"category_name":134,"show_sort_weight":103,"slug":135},19,"General","general"]