[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110599-en":3,"doc-seo-110599-105":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},110599,687197207639,"Asher","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","Statement by Enoch Godongwana at the 106th Meeting of the Development Committee - October 14, 2022","Statement delivered by H.E. Enoch Godongwana, Minister of Finance of South Africa, on behalf of the constituency of Angola, Nigeria and South Africa at the 106th meeting of the Development Committee (Washington, DC, October 14, 2022). The remarks welcome focus on climate financing and the food and energy crisis, stress the worsening global impact of COVID-19 and the Ukraine war, and argue that current climate finance is insufficient due to constrained fiscal space and limited private-sector appetite. It calls for expanded concessional and grant funding, incentives for green finance participation, just and inclusive energy transitions, and targeted investments to strengthen energy access and food security.","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 SIXTH MEETING WASHINGTON, DC – OCTOBER 14, 2022  \nDC/S/2022-0055 October 14, 2022  \nStatement by  \nH.E. Enoch Godongwana  \nMinister of Finance  \nMinistry of Finance  \nSouth Africa  \nOn behalf of the Constituency of Angola, Nigeria and South Africa  \nStatement by  \nH.E. Enoch Godongwana  \nMinister of Finance  \nMinistry of Finance  \nSouth Africa  \nOn behalf of the Constituency of Angola, Nigeria and South Africa 106th Meeting of the Development Committee  \nOctober 14, 2022  \nWashington, DC  \nWe welcome the choice of Climate Financing, Food and Energy Crisis issues in this DC meeting. This is coming at a time when the remnants ofCovid-19 pandemic combined with the war in Ukraine has generated a historical energy and food crisis across the globe. As we speak, 2022 is likely to be the worst year in terms of real growth, levels of poverty, partly due to these crises. African countries will be experiencing the brunt of this infliction.  \nWe acknowledge the important role that the World Bank Group (WBG) is playing as the largest multilateral provider of climate finance for developing countries. This finance, however, is not enough. Countries have limited fiscal space, while the private sector continues to show low appetite to enter the Climate Finance arena especially for climate adaptation. We therefore call for some incentives given the low level of carbon footprint. In this environment, we continue to call upon Advance Countries and the WBG to increase concessional and grant funding not just for LICs but also for MICs. Efforts to grow the size of the private sector by, amongst others, providing appropriate incentives for participation in Green Finance are also welcome.  \nWe acknowledge that a sustainable and secure energy supply remains essential for development. We also acknowledge that the transition to cleaner and efficient energy sources (such as renewables) must be fully compatible with our goal of an inclusive economy. Many countries in our region are still struggling with the provision of basic energy infrastructure with about 58% of the population in Sub-Saharan Africa (SSA) having no access to electricity. For these countries’ lack of access to energy is an emergency.  \nIn this regard, climate consideration needs to be weighed against the need to provide basic infrastructure required to generate economic growth and sustainable livelihoods. Therefore, just as we have seen recently some advanced countries reverting to the use of coal in power generation, we now call upon the WBG to facilitate and fund these countries’ energy generation using their natural resources, at the least to provide baseload capacity. In addition, we call upon the WBG to make explicit its willingness to fund Gas generation. In too few words we are saying: the Transition must be just, inclusive, and sustainable.  \nLastly, regarding food security, we note that in many countries food systems remain deficient with limited or no access to fertilizers, irrigations systems, or modern high yielding seeds, amongst others. Moreover, one of the biggest problems, especially in SSA, is the difficulty in moving food from surplus areas or regions to areas with shortages and the attendant missing markets. In this regard, we urge the WBG and countries to prioritize investments in agricultural research, and manufacturing of inputs especially fertilizers including bringing its own additionality to fill the missing market in the supply chain. Moreover, we encourage investment in transport infrastructure and storage facilities to enable flow of food  \nfrom surplus areas to those in need. The WBG may also want to investigate the challenges to food security brought about by the communal land tenure system, which often hinder deve","cbCaie1AjPoMsYtD","https://ap.wps.com/l/cbCaie1AjPoMsYtD","pdf",132878,1,3,"English","en",105,"# Climate financing and urgency\n## Limits of current funding\n# Energy access and a just transition\n## Electricity gap in Sub-Saharan Africa\n# Food security and agricultural priorities\n## Inputs, transport, storage, and land tenure","[{\"question\":\"What crisis context does the statement highlight for the October 14, 2022 Development Committee meeting?\",\"answer\":\"It links the climate, food, and energy agenda to the lingering effects of the COVID-19 pandemic and the war in Ukraine, describing a historical global energy and food crisis and the risk of severe impacts on African countries.\"},{\"question\":\"What does the statement ask the World Bank Group to do regarding climate finance?\",\"answer\":\"It calls for increased concessional and grant funding for both LICs and MICs, alongside incentives to encourage greater private-sector participation in green finance, and it notes that current climate finance levels are not sufficient.\"},{\"question\":\"How does the statement propose to address energy needs and food security?\",\"answer\":\"It emphasizes that energy access is urgent and must be compatible with an inclusive transition, urging the World Bank Group to facilitate and fund energy generation using natural resources (including openness to gas) for baseload capacity. For food security, it urges prioritizing agricultural research and inputs like fertilizers, improving transport and storage infrastructure, and examining how communal land tenure can hinder initiatives.\"}]",1784486178,{"code":4,"msg":29,"data":30},"ok",{"site_id":24,"language":23,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":83,"head_meta":85,"extra_data":87,"updated_unix":27},"statement-by-enoch-godongwana-at-the-106th-meeting-of-the-development-committee-october-14-2022","",{"@graph":34,"@context":82},[35,51,65],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":21},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"https://docshare.wps.com/document/statement-by-enoch-godongwana-at-the-106th-meeting-of-the-development-committee-october-14-2022/110599/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":23,"description":14,"dateModified":59,"datePublished":59,"encodingFormat":58,"isAccessibleForFree":60,"interactionStatistic":61},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":62,"interactionType":63,"userInteractionCount":4},"InteractionCounter",{"@type":64},"ViewAction",{"@type":66,"mainEntity":67},"FAQPage",[68,74,78],{"name":69,"@type":70,"acceptedAnswer":71},"What crisis context does the statement highlight for the October 14, 2022 Development Committee meeting?","Question",{"text":72,"@type":73},"It links the climate, food, and energy agenda to the lingering effects of the COVID-19 pandemic and the war in Ukraine, describing a historical global energy and food crisis and the risk of severe impacts on African countries.","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"What does the statement ask the World Bank Group to do regarding climate finance?",{"text":77,"@type":73},"It calls for increased concessional and grant funding for both LICs and MICs, alongside incentives to encourage greater private-sector participation in green finance, and it notes that current climate finance levels are not sufficient.",{"name":79,"@type":70,"acceptedAnswer":80},"How does the statement propose to address energy needs and food security?",{"text":81,"@type":73},"It emphasizes that energy access is urgent and must be compatible with an inclusive transition, urging the World Bank Group to facilitate and fund energy generation using natural resources (including openness to gas) for baseload capacity. For food security, it urges prioritizing agricultural research and inputs like fertilizers, improving transport and storage infrastructure, and examining how communal land tenure can hinder initiatives.","https://schema.org",{"og:url":49,"og:type":84,"og:title":13,"og:site_name":56,"og:description":14},"article",{"robots":86,"canonical":49},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":89},[90,94,98,102,107,112,117,120,125,128,132],{"id":20,"doc_module":4,"doc_module_name":44,"category_name":91,"show_sort_weight":92,"slug":93},"Story & Novel",90,"story-novel",{"id":45,"doc_module":4,"doc_module_name":44,"category_name":95,"show_sort_weight":96,"slug":97},"Literature",80,"literature",{"id":50,"doc_module":4,"doc_module_name":44,"category_name":99,"show_sort_weight":100,"slug":101},"Exam",70,"exam",{"id":103,"doc_module":4,"doc_module_name":44,"category_name":104,"show_sort_weight":105,"slug":106},5,"Comic",60,"comic",{"id":108,"doc_module":4,"doc_module_name":44,"category_name":109,"show_sort_weight":110,"slug":111},6,"Technology",50,"technology",{"id":113,"doc_module":4,"doc_module_name":44,"category_name":114,"show_sort_weight":115,"slug":116},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":44,"category_name":12,"show_sort_weight":118,"slug":119},30,"research-report",{"id":121,"doc_module":4,"doc_module_name":44,"category_name":122,"show_sort_weight":123,"slug":124},9,"Religion & Spirituality",20,"religion-spirituality",{"id":123,"doc_module":4,"doc_module_name":44,"category_name":126,"show_sort_weight":123,"slug":127},"World Cup","world-cup",{"id":129,"doc_module":4,"doc_module_name":44,"category_name":130,"show_sort_weight":129,"slug":131},10,"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":44,"category_name":134,"show_sort_weight":103,"slug":135},19,"General","general"]