[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110099-en":3,"doc-seo-110099-105":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},110099,687197100911,"Himbo","https://ap-avatar.wpscdn.com/avatar/a000239b6f1da00475?x-image-process=image/resize,m_fixed,w_180,h_180&k=1785132997149421697",8,"Research & Report","Statement by Dr. Abdulhamid Alkhalifa - 107th Meeting of the Development Committee - April 12, 2023 - Key Priorities for Development Finance","Statement by Dr. Abdulhamid Alkhalifa, Director-General of the OPEC Fund for International Development, addresses the urgent, interdependent crises facing the international development community. It outlines the development costs of COVID-19, the added effects of the Ukraine crisis and inflation, and supply-chain disruptions harming food security. The statement emphasizes scaled, coordinated action through partnerships, country ownership, and responsive development finance institutions, highlighting co-financing, demand-driven support, and rapid crisis management.","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 SEVENTH MEETING WASHINGTON, DC – APRIL 12, 2023  \nDC/S/2023-0008 April 12, 2023  \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  \n107th Meeting of the Development Committee  \nApril 12, 2023  \nWashington, DC  \nThis meeting takes place at a crucial moment for the international development community as the combination of global and multidimensional crisis has shown the interdependence between the main challenges the world is facing, calling for an unprecedented scaled up and coordinated action.  \nThe Covid-19 global pandemic has cost developing countries an estimated 5% of their Gross Domestic Product (GDP), eroding decades of development achievements and pushing at least 100 million people back into extreme poverty. Before most countries could fully recover, the onset of the Ukraine crisis and resulting inflation contributed to further economic and social consequences. Disruptions of the global supply chains have caused serious challenges for food security in many countries.  \nRecovery from these multiple crises while safeguarding the planet from an accelerating climate crisis requires substantial investments, particularly in sustainable infrastructure. While spending needs to meet the Sustainable Development Goals (SDGs) are already massive, we note with interest the World Bank Group estimates that average annual spending needs to address the global challenges of climate change, conflict, and pandemics are US$2 .4 trillion per year for developing countries between 2023 and 2030.  \nIn this context, we are following with great interest the various ideas and proposals to reform Multilateral Development Banks in general and the World Bank Group in particular, as some of the envisaged solutions resonate to the OPEC Fund identity and model, though at a different scale.  \nWith a mandate focused on providing financial support to assist partner countries in their economic and social development efforts, we at the OPEC Fund value much Partnerships, Ownership and Responsiveness, echoing some of the proposals made by the Development Committee.  \nPartnership  \nPartnerships are firmly entrenched in the OPEC Fund’s mission, resulting in a business model where collaboration through a large network of strategic cofinancing partners plays an integral role in delivering impact.  \nAlthough comparatively small, the institution has a proud history of mobilizing external resources, as demonstrated last year when partners in the Arab Coordination Group followed the OPEC Fund’s lead on climate action with a US$ 24 billion climate facility.  \nWorking together with partner development institutions, governments and the private sector, the OPEC Fund targets key development priorities through co-financing. Roughly four out of five of our operations are co-financed.  \nOwnership  \nIn the spirit of South-South Cooperation, the OPEC Fund has been respectful of fellow developing countries right to define and guide their own development priorities and have thus always operated on the premise of being demand-driven.  \nThe OPEC Fund cooperates with its partner countries to support their development efforts, without conditionalities and without any preconditions in terms of geography, politics, ideology, heritage or ulterior economic motivations.  \nThis position, however, has been accompanied by OPEC Fund’s encouragement and promotion of projects targeting basic infrastructure needs in specific economic sectors, notably Transport, Energy, Water and Agriculture. In addition, the OPEC Fund also fosters initiatives that contributes to address global chal","cbCaiqWoQkem6bpE","https://ap.wps.com/l/cbCaiqWoQkem6bpE","pdf",171859,5,1,3,"English","en",105,"# Key context and global crises\n## Economic and social impacts of COVID-19 and the Ukraine crisis\n## Climate, conflict, and pandemic financing needs\n# Reforming multilateral development banks\n## Alignment with OPEC Fund identity and model\n# OPEC Fund principles: Partnerships, Ownership, Responsiveness\n## Partnerships through strategic cofinancing\n## Ownership via demand-driven cooperation\n## Responsiveness and agility in crisis management\n# Closing commitments","[{\"question\":\"What major global crises frame the statement?\",\"answer\":\"The statement highlights the COVID-19 pandemic, the Ukraine crisis and resulting inflation, and disruptions to global supply chains that threaten food security, alongside the accelerating climate crisis.\"},{\"question\":\"What does the OPEC Fund emphasize regarding partnerships?\",\"answer\":\"It stresses collaboration through a large network of strategic cofinancing partners, noting that around four out of five operations are co-financed and pointing to climate action support through partner-led efforts.\"},{\"question\":\"How does the statement describe the OPEC Fund’s approach to ownership and responsiveness?\",\"answer\":\"Ownership is characterized as demand-driven South-South cooperation without conditionalities or geographic/political preconditions. Responsiveness focuses on agility in decision-making and rapid crisis management, including fast allocation to address COVID-19 impacts.\"}]","Statement by Dr. Abdulhamid Alkhalifa - 107th Meeting of the Development Committee - April 12, 2023 - Key Priorities for Development Finance | PDF",1784483901,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":29},"statement-by-dr-abdulhamid-alkhalifa-107th-meeting-of-the-development-committee-april-12-2023-key-priorities-for-development-finance","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,50],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":22},"https://docshare.wps.com/document/research-report/",{"item":51,"name":13,"@type":43,"position":52},"https://docshare.wps.com/document/statement-by-dr-abdulhamid-alkhalifa-107th-meeting-of-the-development-committee-april-12-2023-key-priorities-for-development-finance/110099/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":24,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-30","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 major global crises frame the statement?","Question",{"text":75,"@type":76},"The statement highlights the COVID-19 pandemic, the Ukraine crisis and resulting inflation, and disruptions to global supply chains that threaten food security, alongside the accelerating climate crisis.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What does the OPEC Fund emphasize regarding partnerships?",{"text":80,"@type":76},"It stresses collaboration through a large network of strategic cofinancing partners, noting that around four out of five operations are co-financed and pointing to climate action support through partner-led efforts.",{"name":82,"@type":73,"acceptedAnswer":83},"How does the statement describe the OPEC Fund’s approach to ownership and responsiveness?",{"text":84,"@type":76},"Ownership is characterized as demand-driven South-South cooperation without conditionalities or geographic/political preconditions. Responsiveness focuses on agility in decision-making and rapid crisis management, including fast allocation to address COVID-19 impacts.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,109,114,119,122,127,130,134],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":106,"show_sort_weight":107,"slug":108},"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":20,"slug":137},19,"General","general"]