[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111369-en":3,"doc-seo-111369-105":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},111369,549758252649,"Ivy","https://ap-avatar.wpscdn.com/avatar/8000253669c5317157?_k=1778319167496531819",8,"Research & Report","Statement by Alexey Overchuk - 111th Meeting of the Development Committee - Global Economy and Russia","Statement by Alexey Overchuk, Deputy Prime Minister of the Russian Federation, delivered at the 111th Meeting of the Development Committee, Washington, DC, April 24, 2025. The statement addresses global economic strains on emerging markets, emphasizing transparent trade rules, capital access, and World Bank support for trade facilitation and cross-border infrastructure. It highlights Russia’s continuing growth, poverty reduction, and private-sector opportunities through regional trade, while outlining expectations for the World Bank’s multilateral, nonpolitical role, inclusive procurement, visa fairness, and job-focused policies tied to demographic dividends and productivity.","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 ELEVENTH MEETING WASHINGTON, DC – APRIL 24, 2025  \nDC/S/2025-0015 April 24, 2025  \nStatement by  \nAlexey Overchuk Deputy Prime Minister  \nof the Russian Federation  \nStatement by  \nAlexey Overchuk  \nDeputy Prime Minister  \nof the Russian Federation  \n111th Meeting of the Development Committee  \nApril 24, 2025  \nWashington, DC  \nOn the global economy and Russia  \nThe global economy continues to experience significant strains, particularly affecting emerging marketsand developing economies (EMDEs), which grapple with the lasting effects of the COVID-19 pandemic, the impact of monetary tightening in advanced economies, and ongoing geoeconomic fragmentation. Global trade growth is slowing, constrained by rising protectionism and persistent supply chain disruptions. In this context, clear, consistent, predictable and transparent rules of global trade combined with improved access to capital are crucial for fostering stability, restoring investor confidence, and supporting long-term economic resilience.  \nAgainst this backdrop, the World Bank could take a more active role in revitalizing global trade dynamics. Prioritizing support for EMDEs, through investments in trade facilitation, cross-border infrastructure, and institutional capacity, can help foster more inclusive and sustainable growth.  \nRussian economy continues to demonstrate consistent growth amplified by strong consumer demand, favorable business environment, enhanced economic integration with major trade partners, and successful import substitution. The last year’s GDP growth has surpassed initial expectations and reached 4.1%, and this year it is projected to reach 2.5% . Real household income increased by 8.4% in 2024, while the number of people living below the poverty line fell significantly, decreasing by 1.7 million. Furthermore, new opportunities are emerging for the private sector with the strengthening of regional trade and integration within the Eurasian Economic Union. We aim to secure lasting gains in digital innovation and resilient domestic production by advancing capacity building, accelerating technological development, and enhancing investments in human capital.  \nOn World Bank Group’s role as a multilateral development institution  \nThe World Bank Group remains a key platform for multilateral collaboration and the largest provider of development assistance by leveraging sustained concessional financing and playing a counter-cyclical role where necessary.  \nKey to the WBG’s leadership is its client-centered approach. We welcome ongoing efforts to rethink the Country Engagement Model and anticipate outcomes that deepen understanding of country-specific contexts, facilitating alignment with national objectives and contributing to greater responsiveness to clients’ evolving needs.  \nApart ofit is ensuring effective and inclusive procurement process, which remains an important component in strengthening project outcomes and boosting overall development effectiveness of the WBG’s operations. We note recent changes in the procurement framework and emphasize the importance for the Bank to leverage national procurement systems while increasing investments in capacity building. Procurement practices should actively support local businesses to foster private sector growth in developing countries and promote fair competition. We caution against prioritizing non-economic factors in procurement decisions, which may lead to increased costs for clients.  \nTo remain relevant and to preserve spirit of multilateralism, the World Bank should maintain its nonpolitical mandate. We urge management to refrain from politicization in its financing, its project documents, analytical reports, operations or procurement and to maintain a","cbCaimShCbYQRDF4","https://ap.wps.com/l/cbCaimShCbYQRDF4","pdf",170538,1,5,"English","en",105,"# On the global economy and Russia\n## On World Bank Group’s role as a multilateral development institution\n## On Jobs","[{\"question\":\"What global economic pressures does the statement describe for emerging markets and developing economies?\",\"answer\":\"It cites strains including the lingering effects of the COVID-19 pandemic, monetary tightening in advanced economies, geoeconomic fragmentation, slowing trade growth, protectionism, and supply-chain disruptions.\"},{\"question\":\"What does the statement recommend regarding the World Bank’s role and approach?\",\"answer\":\"It calls for a more active World Bank role in revitalizing global trade, maintaining a nonpolitical mandate, supporting effective and inclusive procurement, and applying a consistent, transparent approach to clients.\"},{\"question\":\"How does the statement connect jobs policy to demographic trends?\",\"answer\":\"It argues that harnessing the demographic dividend is crucial for growth and development, and it supports targeted policies that promote job creation, productivity gains, and labor demand through investment and innovation.\"}]",1784489816,13,{"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},"statement-by-alexey-overchuk-111th-meeting-of-the-development-committee-global-economy-and-russia","",{"@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/statement-by-alexey-overchuk-111th-meeting-of-the-development-committee-global-economy-and-russia/111369/",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 global economic pressures does the statement describe for emerging markets and developing economies?","Question",{"text":75,"@type":76},"It cites strains including the lingering effects of the COVID-19 pandemic, monetary tightening in advanced economies, geoeconomic fragmentation, slowing trade growth, protectionism, and supply-chain disruptions.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What does the statement recommend regarding the World Bank’s role and approach?",{"text":80,"@type":76},"It calls for a more active World Bank role in revitalizing global trade, maintaining a nonpolitical mandate, supporting effective and inclusive procurement, and applying a consistent, transparent approach to clients.",{"name":82,"@type":73,"acceptedAnswer":83},"How does the statement connect jobs policy to demographic trends?",{"text":84,"@type":76},"It argues that harnessing the demographic dividend is crucial for growth and development, and it supports targeted policies that promote 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