[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111704-en":3,"doc-seo-111704-105":29,"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":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":28},111704,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","Statement by Fabio Panetta - 112th Meeting of the Development Committee - October 16, 2025","Statement by Fabio Panetta, Governor of the Bank of Italy, for the 112th Meeting of the Development Committee on October 16, 2025. It highlights how geopolitical tensions, conflicts, climate shocks and fragility deepen poverty risks, and calls on the World Bank Group to deliver concrete, mission-driven solutions. The statement focuses on jobs and employment strategies, private-sector development, public capacity, productivity gains, skills and energy access, procurement reforms, and support for Africa through IDA21, co-financing and initiatives aligned with Mission300.","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 TWELFTH MEETING WASHINGTON, DC – OCTOBER 16, 2025  \nDC/S/2025-0047 October 16, 2025  \nStatement by  \nFabio Panetta Governor of the Bank of Italy  \nConstituency of Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste  \nStatement by  \nFabio Panetta  \nGovernor of the Bank of Italy  \nConstituency of Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste 112th Meeting of the Development Committee  \nOctober 16, 2025  \nWashington, DC  \nGeopolitical tensions, worsening conflicts, mounting climate shocks and pervasive fragility continue to weigh heavily on people worldwide, often with dramatic consequences. These dynamics have heightened the demand for protection from global challenges and for better prospects at home.  \nAs a central pillar of the multilateral system, the World Bank Group (WBG) is called to deliver concrete solutions where needs are greatest. By managing its resources efficiently and staying focused on its core mission – to end extreme poverty and foster shared prosperity on a livable planet–the WBG can effectively support countries in pursuing their development priorities and meeting their citizens’ needs. The strategic use of resources, including funds unlocked through the Capital Adequacy Frameworks (CAF) review, will help sustain progress along countries’ graduation paths, whose forthcoming reassessment is welcome.  \nJob creation is essential to reducing poverty, particularly in fragile contexts, while private sector development and social mobility are crucial to sustaining growth. Failing to generate employment and opportunity in developing countries risks exacerbating social tensions and driving migration pressures, with adverse cross-border repercussions.  \nOur Constituency welcomes the ongoing efforts to shape a comprehensive WBG Jobs Strategy. As underscored in the Development Committee Paper, reinforcing the foundations of growth and employment is essential to expanding opportunities and unlocking the potential of women and the many young people set to enter the labor force in the coming years.  \nThe WBG should continue to help countries recognize the deep interdependence between the public and private sectors. A competitive and diversified private sector generates domestic revenues that are essential to financing public services and strengthening administrative capacity at both national and local levels. In turn, a skilled and adequately resourced public sector is vital to enabling private sector growth–by investing in education and health, designing sound reforms and regulations, fostering competition and quality in public procurement, and working with institutions such as the WBG to develop a strong pipeline of investment projects.  \nThe Jobs Strategy should also underscore the urgent need to raise productivity – a fundamental engine of growth and prosperity – by enhancing the efficiency of existing jobs and firms and by reallocating capital and labor toward more productive uses. It should further promote the transition from informal to formal employment, broadening social protection and strengthening job security. Clear and reliable indicators are essential to assess impact and track the strategy’s progress.  \nThe WBG has already launched a range of important initiatives to promote job creation. We support the Agriconnect initiative, in which Italy plays an active role by helping to develop coffee value chains in Africa. We further encourage closer collaboration with IFAD to draw on its expertise in linking smallholders and rural communities to regional value chains. Italy also contributes to the Global Skills Partnerships, which foster skills development and technical training, enabling workers to access better employment opportun","cbCailSnNFDH1CiR","https://ap.wps.com/l/cbCailSnNFDH1CiR","pdf",165412,1,4,"English","en",105,"# Key global context\n## Jobs, employment and poverty reduction\n# Private and public sector roles\n## Productivity, informality and job security\n# Implementation initiatives and partnerships\n## Skills, procurement and energy access\n# Regional focus and financing priorities\n## IDA21, co-financing and Africa programs","[{\"question\":\"What global challenges does the statement emphasize for 2025?\",\"answer\":\"It highlights geopolitical tensions, worsening conflicts, mounting climate shocks, and pervasive fragility as major forces affecting people worldwide and increasing demand for protection and better prospects.\"},{\"question\":\"What is the statement’s core priority regarding development?\",\"answer\":\"It centers on jobs creation and employment opportunities, especially in fragile contexts, linking job growth to poverty reduction, private-sector development, and social mobility.\"},{\"question\":\"How does the statement propose improving job outcomes?\",\"answer\":\"It calls for a World Bank Group Jobs Strategy that strengthens growth and employment foundations, raises productivity, supports the transition from informal to formal work, and uses clear indicators to track 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