[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111022-en":3,"doc-seo-111022-105":28,"detail-sidebar-cat-0-en-105":88},{"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":4,"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},111022,13056703020460,"Valentina","https://ap-avatar.wpscdn.com/avatar/be000253dac470eee5d?_k=1778207105932848923",8,"Research & Report","Statement by Dr. Abdulhamid Alkhalifa - 105th Meeting of the Development Committee - April 22, 2022","Statement by Dr. Abdulhamid Alkhalifa, Director-General of the OPEC Fund for International Development, presented at the 105th Meeting of the Development Committee on April 22, 2022. The statement links the widening global income inequality and rising sovereign debt to COVID-19’s disruptions, emphasizing the need for proactive government policies, inclusive development strategies, and targeted support for debt overhangs. It highlights the role of digitalization in resilience while noting the digital divide, and calls for coordinated responses across education, health, and infrastructure, supported by the World Bank and IMF.","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 FIFTH MEETING WASHINGTON, DC – APRIL 22, 2022  \nDC/S/2022-0009 April 22, 2022  \nStatement by  \nDr. Abdulhamid Alkhalifa Director-General  \nof the  \nOPEC Fund for International Development  \nStatement by  \nDr. Abdulhamid Alkhalifa  \nDirector-General  \nof the  \nOPEC Fund for International Development  \n105th Meeting of the Development Committee  \nApril 22, 2022  \nWashington, DC  \nGlobal income inequality has widened as, a result of the ongoing COVID-19 pandemic, reversing the progress achieved since the early 2020s. Addressing the economic and financial risks from the crisis and reversing inequalities require a proactive implementation of government policies, with a focus on financial instability and rising sovereign debt. The wide-ranging impact of the COVID-19 crisis has evidenced the need for a comprehensive strategy to achieve a sustainable and inclusive development path. This strategy requires actions to address both internal and external inequalities, including the continued access to health and vaccination services, fiscal to support for the most vulnerable population groups. The strategy also requires measures to secure access to education, digital services and infrastructure. By extension, targeted global community support is required to address debt overhangs and ensure a balanced global trade and investment climate, to foster sustained productivity growth in EMDEs.  \nOn behalf of the OPEC Fund for International Development, I would like to take this opportunity to acknowledge the efforts undertaken by the World Bank and International Monetary Fund (IMF) over the past two years, to support our partner countries in these uncertain times. We welcome the initiative of the 105th Development Committee Meeting to debate on the critical issue of Digitalization and Development in COVID-19 times as well as the imperative need of considering Debt as an enabler to address Development and Macroeconomic Stability. This meeting takes place when the world economy is steering towards a gradual recovery while being confronted with supply chain risks in critical commodities. The recovery is uneven as many low-income countries to struggle with the pandemic’s repercussions and the impact on the Sustainable Development Goals.  \nThe COVID-19 pandemic has disrupted education systems, constrained access to social infrastructure, and deterred human capital development. The SDG goal of reducing extreme poverty to below 3 percent by 2030 emerges as challenging. It is estimated that with the global economic downturn, some 255 million jobs have been lost, also affecting the 1.6 billion people working in the informal economy (SDG 8), lacking both social security (SDG 1) or health coverage (SDG 3) . “The resulting increase in global poverty (SDG 1) is unprecedented. It has caused an increase in hunger (SDG 2), child labor (SDG 16), and gender inequality (SDG 5). And while the decrease in human activity has been a moment of respite for threatened  \nplant and animal species (SDGs 14 and 15) and for climate change (SDG 13), it has been too short-lived to have a positive impact on ecosystems”1.  \nThe ability of digital technologies to contribute to economic and social resilience while also exposing the growing digital divide and its grave implications for social inclusion, have been evidenced since the onset of the pandemic. In a recent report to the G-20, the OECD underlined how access to digital technologies supports an “inclusive and sustainable growth by spurring innovation, generating efficiencies and improving services”. The COVID-19 crisis intensified the need to expand the digitalization of processes in both services and manufacturing in most countries. As governments were compelled to impose social d","cbCaitq8FhZUD1Om","https://ap.wps.com/l/cbCaitq8FhZUD1Om","pdf",205234,1,3,"English","en",105,"# Development context\n## COVID-19 impacts on inequality and development\n## Debt risks and macroeconomic stability\n## Digitalization and digital inclusion\n## Education, health, and social infrastructure\n## Global support and coordination","[{\"question\":\"What main challenges does the statement associate with the COVID-19 crisis?\",\"answer\":\"It links the pandemic to widened global inequality, financial instability, rising sovereign debt, and disruptions to education systems and human capital development.\"},{\"question\":\"How does the statement describe the role of digitalization during crises?\",\"answer\":\"It argues digital technologies can improve economic and social resilience, while also stressing that the pandemic exposed and intensified the digital divide affecting social inclusion.\"},{\"question\":\"What approach does the statement propose for managing debt-related risks?\",\"answer\":\"It calls for long-term finance and debt resolution, including expanding public debt resolution under the G20 Common Framework to support the most vulnerable 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