[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110125-en":3,"doc-seo-110125-105":30,"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":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":11},110125,549758146520,"Patrick","https://ap-avatar.wpscdn.com/avatar/80002397d8c0411e94?_k=1775819394049821470",8,"Research & Report","Statement by Chrystia Freeland - 107th Meeting of the Development Committee - April 12, 2023","Statement by Chrystia Freeland, Deputy Prime Minister and Minister of Finance of Canada, on behalf of a constituency of countries at the 107th Meeting of the Development Committee. The statement highlights Russia’s illegal full-scale invasion of Ukraine and its global spillovers, urges continued and ambitious World Bank support for Ukraine’s sovereignty and reconstruction, and calls for mobilizing private capital. It also emphasizes crisis response, climate finance and biodiversity alignment, an intersectional approach, and evolution of the World Bank’s balance sheet and financing architecture.","Public Disclosure Authorized  \nPublic Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committeeof the  \nBoards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND SEVENTHMEETINGWASHINGTON,DC-APRIL 12,2023  \nDC/S/2023-0035(E)April 12,2023  \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 theGrenadines  \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# 107h Meeting of the Development Committee\n\nApril 12,2023  \nWashington,DC  \nThe most pressing threat to the global economy remains Russia's illegal full-scale invasion of Ukraine.Inaddition to the direct and deplorable impacts on millions of Ukrainians,Russia's actions are compoundingeconomic challenges for the world's most vulnerable,exacerbating longstanding issues of poverty,incomeinequality,and food insecurity.  \nThis year's Development Committee plenary occurs at a critical moment,both for global development andfor the rules-based international order that underpins the mandate of the World Bank.Russia's illegalinvasion of Ukraine threatens to reverse hard-won development gains,and the spillover effects of theinvasion put at risk progress towards clean,resilient,and inclusive development.  \nCanada and our constituency partners are firmly committed to supporting the government and people ofUkraine in their fight against Russia's illegal invasion.Since February 2022,Canada has provided overC$8 billion in direct financial,military,and humanitarian assistance to Ukraine,and imposed strictsanctions on Russia and Belarus.Ireland has contributed bilaterally,via EU support,and through extensivesupport to refugees.  \nOn behalf ofour constituency,we commend the World Bank's swift and comprehensive response to supportUkraine,mobilizing over US$20 billion to help Ukraine continue to provide essential government services,maintain critical infrastructure,and meet humanitarian needs.Given the scale of Ukraine's financing needs,we encourage the Bank to demonstrate further ambition to ensure Ukraine can defend its sovereignty andrebuild.The Bank must also play a lead role in mobilizing private capital for Ukraine's reconstruction,including by mitigating risk and promoting investor confidence.  \nThe effects of Russia'sillegal invasion continue to be felt throughout the world,leading to significant shocksto global food and energy systems,and contributing to heightened inflation,elevated debt vulnerabilities,and macroeconomic instability.A record 345 million people,mainly in low-income and vulnerablecountries,now face acute food insecurity.We commend the World Bank's work to respond to these criseswith speed,scale,and impact,notably through the Global Crisis Response Framework that is mobilizingup to US$170 billion to support developing countries.  \nClimate change and biodiversity loss remain pressing threats to humanity and require urgent action.Werecognize that the World Bank is now the largest provider of climate finance to developing countries,andwe note its progress in aligning financing operations with the Paris Agreement.We encourage the Bank tocontinue making ambitious investments to support member countries transitioning to clean,resilient,andnature-positive development,and to enhancing and simplifying Small Island Developing States'access tofinance.We encourage the Bank to thoroughly assess the value of embedding Climate Resilient Debt  \nClauses in its lending agreements.Furthermore,we call on the Bank to align its funding with the Kunming-Montreal Global Biod","cbCaiklOR7RJqRqP","https://ap.wps.com/l/cbCaiklOR7RJqRqP","pdf",358978,5,1,3,"English","en",105,"# Statement by\n## 107th Meeting of the Development Committee\n## Ukraine and global crisis response\n## Climate, biodiversity, and development priorities\n## Evolution Agenda and financing architecture","[{\"question\":\"What are the statement’s main concerns about the global economy?\",\"answer\":\"It emphasizes Russia’s illegal invasion of Ukraine as the most pressing threat, along with spillover impacts on vulnerable populations, food and energy systems, inflation, debt vulnerabilities, and macroeconomic instability.\"},{\"question\":\"How does the statement describe Canada and its constituency’s support for Ukraine?\",\"answer\":\"It notes direct financial, military, and humanitarian assistance since February 2022, strict sanctions on Russia and Belarus, and appreciation for the World Bank’s swift response and mobilization of financing to sustain essential services and infrastructure.\"},{\"question\":\"What actions does the statement urge the World Bank to take beyond crisis response?\",\"answer\":\"It urges ambitious climate and nature-positive investments, alignment with the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework, assessment of Climate Resilient Debt Clauses, and implementation of G20 capital adequacy recommendations to strengthen lending capacity.\"}]","Statement by Chrystia Freeland - 107th Meeting of the Development Committee - April 12, 2023 | 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are the statement’s main concerns about the global economy?","Question",{"text":75,"@type":76},"It emphasizes Russia’s illegal invasion of Ukraine as the most pressing threat, along with spillover impacts on vulnerable populations, food and energy systems, inflation, debt vulnerabilities, and macroeconomic instability.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does the statement describe Canada and its constituency’s support for Ukraine?",{"text":80,"@type":76},"It notes direct financial, military, and humanitarian assistance since February 2022, strict sanctions on Russia and Belarus, and appreciation for the World Bank’s swift response and mobilization of financing to sustain essential services and infrastructure.",{"name":82,"@type":73,"acceptedAnswer":83},"What actions does the statement urge the World Bank to take beyond crisis response?",{"text":84,"@type":76},"It urges ambitious climate and nature-positive investments, alignment with the Paris Agreement and the 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