[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110768-en":3,"doc-seo-110768-105":28,"detail-sidebar-cat-0-en-105":89},{"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":11},110768,687197207057,"Sage","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Statement by Chrystia Freeland - 104th Meeting of the Development Committee - October 15, 2021","Statement delivered by Chrystia Freeland on behalf of a constituency at the World Bank Group Development Committee’s 104th meeting on October 15, 2021 in Washington, DC. It highlights the Bank’s COVID-19 crisis response, including large-scale financing for health measures and economic recovery, and calls for inclusive recovery that protects vulnerable groups. The statement urges innovation in crisis-response financing, continued vaccine procurement support, stronger climate ambition, and improved pandemic resilience, while endorsing debt treatment liquidity efforts.","Public Disclosure Authorized  \nPublic Disclosure Authorized  \n# DEVELOPMENT COMMITTEE\n\n(Joint Ministerial Committeeof the  \nBoards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND FOURTH MEETINGWASHINGTON,DC-OCTOBER15,2021  \nDC/S/2021-0067  \nOctober 15,2021  \n# Statement by\n\nThe Honourable Chrystia FreelandDeputy Prime Minister and Minister of Finance  \nCanada  \non behalf of Antigua and Barbuda,the Bahamas,Barbados,Belize,Canada,Dominica,Grenada,Guyana,Ireland,Jamaica,Saint Kitts and Nevis,Saint Lucia,and Saint Vincent and the Grenadines  \nStatement by  \nThe Honourable Chrystia FreelandDeputy Prime Minister and Minister of Finance  \nCanada  \non behalf of Antigua and Barbuda,the Bahamas,Barbados,Belize,Canada,Dominica,Grenada,Guyana,Ireland,Jamaica,Saint Kitts and Nevis,Saint Lucia,andSaint Vincent and the Grenadines  \n# 104Meeting of the Development Committee\n\nOctober 15,2021  \nWashington,DC  \nWhile we see the tide changing and hope is on the horizon,the COVID-19 crisis continues to affect thelives and livelihoods of people all around the world  \nOn behalf of our constituency,I want to commend the World Bank Group's comprehensive response to thecrisis.The US$157 billion in financing provided by the Bank,since the onset of the crisis,has enabledcountries to bolster their emergency health responses;acquire and distribute vaccines,therapeutics,anddiagnostics;provide supports for people;and lay the foundation for a strong,equitable,and sustainableeconomic recovery.The joint response of the International Bank for Reconstruction and Development andthe International Development Association has helped to save lives in over 100 countries.The InternationalFinance Corporation has protected jobs and business,as well as supported vaccine manufacturing throughits Global Health Platform.With many governments at risk of debt distress as a result of the pandemic,wealso recognize efforts by the International Finance Corporation and the Multilateral Investment GuaranteeAgency to enable the private sector to promote an inclusive and sustainable recovery.  \nAs the crisis continues to disproportionately affect women,young people,racialized communities,Indigenous peoples,low-income workers,and other vulnerable groups,the Bank must work to ensure thatglobal recovery efforts leave no one behind.The COVID-19 pandemic has also made clear that furtherinvestments in pandemic prevention,preparedness,and response are essential to build resilience.We urgethe Bank to use lessons learned from the COVID-19 crisis to develop innovative crisis response financingmechanisms,which are flexible and rapidly available,and aligned with the work of global and regionalpartners.In boosting its financing for the procurement and deployment of COVID-19 vaccines from US$12billion to US$20 billion,it is essential that the Bank continue to act in close collaboration with otherdevelopment partners,particularly the World Health Organization and COVAX,in order to optimize theimpact of this funding.Canada supports the Multilateral Leaders Taskforce and its work to resolve gaps invaccine financing,bottlenecks in global supply chains,and support overall coordination.  \nAmidst the pandemic,the Bank cannot lose sight of other global emergencies arising from the climate crisisand the rapid decline of biodiversity.The need for urgent and ambitious action has never been greater.Canada encourages the Bank to increase its climate ambition,including mobilizing private finance andadvancing timelines in order to meet global climate targets.We encourage the Bank to continue makingambitious investments to help member countries build resilience to climate change,particularly in SmallIsland Developing States,which are most vulnerable to climate-related disasters.  \nCanada welcomes the contributions of the G20 Debt Service Suspension Initiative(DSSI),which haveprovided much needed liquidity to many low-income countries through the pande","cbCaicnL1azfTgVa","https://ap.wps.com/l/cbCaicnL1azfTgVa","pdf",365236,1,3,"English","en",105,"# Statement by Chrystia Freeland\n## COVID-19 crisis response and recovery\n## Pandemic resilience and vaccine financing\n## Climate and biodiversity emergencies\n## Debt relief initiatives and future transparency","[{\"question\":\"What does the statement emphasize about the World Bank Group’s COVID-19 response?\",\"answer\":\"It highlights comprehensive financing that supported emergency health measures, vaccine, therapeutics and diagnostics procurement, job and business protection, and progress toward an equitable economic recovery.\"},{\"question\":\"Why does the statement call for further investments in pandemic prevention, preparedness, and response?\",\"answer\":\"The statement argues that the COVID-19 pandemic demonstrated the need for resilience-building investments to prepare for future outbreaks and reduce disproportionate impacts on vulnerable groups.\"},{\"question\":\"What actions are requested beyond the pandemic response?\",\"answer\":\"The statement urges increased climate ambition, urgent support for resilience in vulnerable countries, and continued efforts related to debt relief liquidity and strengthened transparency for future debt 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does the statement emphasize about the World Bank Group’s COVID-19 response?","Question",{"text":73,"@type":74},"It highlights comprehensive financing that supported emergency health measures, vaccine, therapeutics and diagnostics procurement, job and business protection, and progress toward an equitable economic recovery.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"Why does the statement call for further investments in pandemic prevention, preparedness, and response?",{"text":78,"@type":74},"The statement argues that the COVID-19 pandemic demonstrated the need for resilience-building investments to prepare for future outbreaks and reduce disproportionate impacts on vulnerable groups.",{"name":80,"@type":71,"acceptedAnswer":81},"What actions are requested beyond the pandemic response?",{"text":82,"@type":74},"The statement urges increased climate ambition, urgent support for resilience in vulnerable countries, and continued efforts related to debt relief liquidity and 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