[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110646-en":3,"doc-seo-110646-105":29,"detail-sidebar-cat-0-en-105":90},{"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":20,"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},110646,7971461740909,"Levi","https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d",8,"Research & Report","Statement by Alexey Overchuk - 103rd Meeting of the Development Committee - April 9, 2021 (Virtual)","Alexey Overchuk’s statement to the Development Committee addresses the development response to the COVID-19 pandemic, highlighting urgent debt measures and vaccine access. It commends the World Bank’s rapid mobilization of resources and its transparency efforts, while stressing that debt treatments must prioritize crisis response and longer-term recovery without climate-related conditionalities. The statement also emphasizes equitable vaccine distribution, support for regulatory approvals and reduced trade barriers, strengthened healthcare resilience, and encouragement of vaccine production in client countries, including cooperation around Russia’s Sputnik authorization milestones.","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/2021-0029 April 9, 2021  \nStatement by  \nAlexey Overchuk Deputy Prime Minister  \nof the Russian Federation  \nStatement by  \nAlexey Overchuk  \nDeputy Prime Minister  \nof the Russian Federation  \n103rd Meeting of the Development Committee  \nApril 9, 2021  \nWashington, DC  \n(VIRTUAL)  \nOur current agenda remains driven exclusively by the ongoing COVID-19 pandemic crisis.  \nLooking retrospectively, I would like to commend the World Bank for a quick reaction in mobilizing all available resources towards the emergency needs of the client countries. The sheer amount of the assistance it has provided is unprecedented, and we wish to thank Management and staff for providing assistance in record time. We are glad to acknowledge the cooperative relationship between Management and the Executive Board as displayed during this challenging time.  \n1. Debt relief  \nIn view of the persistence of significant liquidity needs in low income countries (LICs) related to COVID- 19, Russia among other G20 countries agreed to a final extension by 6 months through end-December 2021 of the Debt Service Suspension Initiative (DSSI). We expect that this final extension will allow beneficiary countries to mobilize sufficient resources to face the challenges ofthe crisis and, when appropriate, to move to a more structural approach to address debt vulnerabilities, including an Upper Credit Tranche (UCT) IMF-supported program.  \nWe would also like to thank the Bank and the IMF for their hard work to improve transparency of the debt information and debt management capacity in IDA countries, as well as create conditions for smooth implementation of global debt initiatives and accompanying macroeconomic and fiscal reforms.  \nAdditionally, we would like to stress that any debt treatments should keep a clear sight on crisis response, as well as on longer term economic recovery and growth. We support the slogan of Building Back Better. However, we would caution the Bank and the Fund against introducing any kind of climate related conditionalities as part of the debt resolution framework. Let us not forget that the focus of DSSI and the Common Framework are IDA countries, many of which still lack energy access and basic service provision. So, we recommend that we keep a big picture in mind, including Jobs and Economic Transformation (JET) and medium-term macroeconomic stabilization agenda.  \n2. Access to Vaccines  \nVaccination is now universally recognized as the only reliable path out of the pandemic and the vicious cycle of repeating waves. The Bank was right to identify this issue as one of paramount importance and committed a significant amount of financing to it back in October.  \nWhat is particularly significant is that the Bank has taken a holistic approach toward the issue of vaccination, not limited to the supply of vaccines. The new comprehensive diagnostic tool which the Bank developed with the record speed, proved to be immensely valuable in identifying the specific countries'bottlenecks in the entire chain of distribution, storage, delivery, and monitoring, with particular emphasis on fairness and proper prioritization. That is precisely what we call the knowledge product of the Bank.  \nAs a result, while addressing the vaccination gaps, the Bank is also strengthening the overall healthcare resilience and improving the governance capacity of client countries, which creates a lasting positive effect.  \nWe also encourage the global community to ensure equal vaccine distribution and free flow of inputs needed for manufacturing and delivery of all existing COVID-19 vaccines, and to increase the readiness of vaccine supply chains. This involves regulat","cbCaiaJeJSIEkLxY","https://ap.wps.com/l/cbCaiaJeJSIEkLxY","pdf",155843,4,1,"English","en",105,"# Debt relief\n## Access to Vaccines\n## From Crisis Response to Resilient Economy","[{\"question\":\"What does the statement say about debt relief for low-income countries during COVID-19?\",\"answer\":\"Russia supported a final 6-month extension of the Debt Service Suspension Initiative through end-December 2021, aiming to give beneficiary countries room to manage crisis challenges and move toward more structural approaches to address debt vulnerabilities.\"},{\"question\":\"How does the statement characterize the World Bank’s approach to vaccination?\",\"answer\":\"It highlights a holistic approach beyond vaccine supply, including a new diagnostic tool that helps identify country bottlenecks across distribution, storage, delivery, and monitoring with emphasis on fairness and prioritization.\"},{\"question\":\"What recommendations are made regarding vaccine distribution and production?\",\"answer\":\"The statement encourages equal vaccine distribution and free flow of inputs for manufacturing and delivery, supports readiness of supply chains by addressing regulatory and trade barriers, and calls for investment in vaccine production within client countries, including joint production 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