[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111722-en":3,"doc-seo-111722-105":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},111722,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","Statement by Baroness Chapman and Rachel Reeves MP - 112th Meeting of the Development Committee","The statement addresses the global context for the 112th meeting of the Development Committee, highlighting escalating conflict, intensified climate impacts, trade friction, food insecurity, and lingering pandemic effects that have stalled or reversed development progress. It reaffirms the United Kingdom’s commitment to multilateralism and describes how the World Bank Group and IMF contribute through partnerships, investment, expertise, and inclusivity. The statement outlines priorities including stability, growth, quality jobs, development finance reform, crisis preparedness, and expanded private capital mobilization through new initiatives and MDB financing scaling.","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 TWELFTH MEETING WASHINGTON, DC – OCTOBER 16, 2025  \nDC/S/2025-0059 October 16, 2025  \nStatement by  \nRt Hon. Baroness Chapman Minister for Development and Africa  \nand  \nRt Hon. Rachel Reeves MP Chancellor of the Exchequer  \nUnited Kingdom of Great Britain and Northern Ireland  \nStatement by  \nRt Hon. Baroness Chapman  \nMinister for Development and Africa  \nand  \nRt Hon. Rachel Reeves MP  \nChancellor of the Exchequer  \nUnited Kingdom of Great Britain  \nand Northern Ireland  \n112th Meeting of the Development Committee  \nOctober 16, 2025  \nWashington, DC  \nThe 2025 Annual Meetings of the World Bank Group and the International Monetary Fund convene at a time of profound global challenge and opportunity. The world continues to grapple with escalating conflicts, intensifying climate impacts, trade friction, food insecurity and the lingering effects of the pandemic. These shocks have slowed, and in some cases reversed, hard-won development gains. The most vulnerable people and countries continue to bear the heaviest costs.  \nIn this context, the United Kingdom reaffirms its unwavering commitment to multilateralism. The IFIs are core to our new model of development and climate finance – based on partnerships, investment, expertise, and inclusivity. We commend the leadership and staff of the World Bank Group and the IMF for the scale and speed of their responses, and for the ambition of the World Bank Group’s evolution agenda and the IMF’s work to support stability and resilience. The Bretton Woods institutions remain indispensable to shared prosperity on a liveable planet, and their role is even more critical today.  \nIn a changing global economy, our commitment to sustained economic growth and higher living standards globally remains ironclad. Recent global challenges have underlined the importance of stability as the cornerstone of growth. We will continue to work with our international partners, including at the Bank, to navigate shared challenges and build robust economic partnerships to support global growth.  \nOur approach is founded on the principles of stability, investment, and reform. That is why we welcome the Bank’s focus on delivering quality jobs and sustainable growth. When we build that foundational infrastructure – a healthy and skilled labour force, clean reliable transport and energy, and resilient natural resources – the private sector can grow and thrive and create the jobs of the future.  \nA New Chapter for Development Finance  \nAt the Fourth International Financing for Development Conference (FFD4) in Seville this July, the international community agreed that a new chapter is needed in how we finance development and sustainable growth for the next decade and beyond. The UK played a leading role in shaping the agenda and outcomes at FFD4, championing a fairer, more inclusive, and future-fit global financial system. We are now looking forward to working with the international community and international financial institutions to build on this consensus. The global financial system should empower developing countries to finance their own development, climate, and nature goals sustainably; attract investment for growth and jobs and reduce reliance on aid.  \nThe UK announced two new initiatives in Seville, aiming to drive action on key priorities. First, in partnership with the Bridgetown Initiative, we called for a scale up of pre-arranged finance, including  \ninsurance, from 2% to 20% of all crisis finance by 2035. Second, with the Philippines, we launched a coalition to unlock more private capital for developing countries through public markets. Our partnership with the WBG is key to making progress on both endeavours.  \nUK Commitment to Multilateralism and the IFIs  \n","cbCaia6gRYXJxrY0","https://ap.wps.com/l/cbCaia6gRYXJxrY0","pdf",208979,1,9,"English","en",105,"# Overview and Global Context\n## UK Commitment to Multilateralism and the IFIs\n## Approach: Stability, Investment, and Reform\n# A New Chapter for Development Finance\n## Initiatives at FFD4\n# UK Commitment Through IDA21 and System Support\n## Results at Country Level and Efficiency\n# Scaling and Effectiveness of MDB Financing\n## Doubling MDB Financing\n## Breaking Down Silos and Collaboration","[{\"question\":\"What global challenges does the statement say are affecting development progress?\",\"answer\":\"It cites escalating conflicts, intensified climate impacts, trade friction, food insecurity, and lingering effects of the pandemic, noting that these shocks have slowed or reversed development gains.\"},{\"question\":\"What principles does the UK say underpin its development approach?\",\"answer\":\"The statement says the approach is founded on stability, investment, and reform, with an emphasis on delivering quality jobs and sustainable growth.\"},{\"question\":\"What actions does the UK highlight to reform and scale development finance?\",\"answer\":\"It points to support for greater MDB financing, balance sheet stretching, financial innovation, and replenishments, along with efforts to break down siloes and improve system-wide effectiveness and country-level 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global challenges does the statement say are affecting development progress?","Question",{"text":75,"@type":76},"It cites escalating conflicts, intensified climate impacts, trade friction, food insecurity, and lingering effects of the pandemic, noting that these shocks have slowed or reversed development gains.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What principles does the UK say underpin its development approach?",{"text":80,"@type":76},"The statement says the approach is founded on stability, investment, and reform, with an emphasis on delivering quality jobs and sustainable growth.",{"name":82,"@type":73,"acceptedAnswer":83},"What actions does the UK highlight to reform and scale development finance?",{"text":84,"@type":76},"It points to support for greater MDB financing, balance sheet stretching, financial innovation, and replenishments, along with efforts to break down siloes and improve system-wide effectiveness and country-level 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