[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111293-en":3,"doc-seo-111293-105":29,"detail-sidebar-cat-0-en-105":90},{"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":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},111293,3848291630094,"Emma Wilson","https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45",8,"Research & Report","Statement by Fabio Panetta - 113th Meeting of the Development Committee - April 16, 2026","The statement discusses how ongoing conflicts and geopolitical tensions are increasing global uncertainty, driving up energy and food prices, and disrupting trade and supply chains. It argues that global growth risks remain skewed downward under tight financial conditions and higher inflation, with developing countries facing high debt and limited fiscal space. It calls for deeper World Bank Group engagement in fragile contexts, support for stabilization and transitions, and a reformed reform agenda focused on measurable outcomes, integrated sector strategies, partnerships, private capital mobilization, and stronger risk management.","Public Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committee of the  \nBoards of Governors ofthe Bank and the Fundon the  \nTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND THIRTEENTH MEETING WASHINGTON, DC – APRIL 16, 2026  \nPub lic Disc losure Authorized  \nDC/S/2026-0023 April 16, 2026  \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 113th Meeting of the Development Committee  \nApril 16, 2026  \nWashington, DC  \nOngoing conflicts and persistent geopolitical tensions are increasing global uncertainty, raising energy and food prices, and disrupting trade and supply chains. Risks to global growth remain tilted to the downside amid tight financial conditions and higher inflation in several regions. Developing countries are particularly exposed, with high debt and limited fiscal space, while the poorest are least able to absorb new shocks. Years of progress in development and poverty reduction are at risk of reversal. In this context, deeper engagement by the World Bank Group (WBG) in the most vulnerable countries is essential to help prevent crises and support stabilization, reconstruction, and transitions out of fragility. We look forward to the refreshed Fragility, Conflict and Violence (FCV) Strategy.  \nAs a cornerstone of the international financial system and a leading development financier, the WBG must once again respond to these challenges by delivering practical, high-impact solutions where needs are greatest. This requires balancing immediate support in the face of acute crises with medium-to long-term development goals.  \nToday, the WBG’s reform agenda is more important than ever. Our Constituency firmly endorses a sharper focus on outcomes, clearer and more integrated sector strategies, a stronger knowledge function, deeper partnerships, greater mobilization of private capital, internal efficiency gains, and more robust risk management.  \nWe welcome the recognition that a business-enabling environment is central to the WBG’s Jobs Strategy. This pillar rightly emphasizes the policy and institutional foundations needed to create jobs and support sustainable growth.  \nClear, predictable, and enforceable rules are indispensable. Without them, productivity stagnates, wages lag, and firms remain small. Sound macroeconomic management, secure land and collateral rights, effective payment systems, and strong financial regulation are all critical to mobilizing resources and unlocking investment in physical and human capital. Together with the Knowledge Bank and the One WBG approach, these mutually reinforcing pillars can support tailored, comprehensive country solutions while preserving strategic coherence.  \nWe encourage greater attention to those elements of the regulatory environment that are most important for productivity growth and a more efficient allocation of resources. An effective judicial system is vital for innovation‑intensive activities and for attracting investment, including FDI. Labor market regulation should support firm growth while preserving incentives to invest in worker training and ensuring adequate contractual protection. Job creation in the WBG’s five priority sectors should also be accompanied by policies that promote economic diversification, resilience and more advanced production structures, based on robust diagnostics and tailored to country circumstances.  \nAccess to reliable, affordable, and interoperable payment infrastructure is a prerequisite for firms – especially micro, small and medium-sized enterprises – to participate in formal markets, access supply chain finance, pay workers, and transact with customers. The euro area’s experience in building integrated  \npayment infrastructure – combining a level p","cbCaiaOuuyWuf5tG","https://ap.wps.com/l/cbCaiaOuuyWuf5tG","pdf",126299,1,4,"English","en",105,"# Statement focus\n## Fragility and global risks\n## WBG reform agenda and outcomes\n## Jobs strategy and business environment\n## Regulatory environment and productivity\n## Payment infrastructure and private investment\n## Partnerships and infrastructure initiatives\n## Italy’s co-financing priorities","[{\"question\":\"Why does the statement emphasize heightened global uncertainty?\",\"answer\":\"It links persistent conflicts and geopolitical tensions to higher energy and food prices, and to disruptions in trade and supply chains. It notes that growth risks are tilted to the downside under tight financial conditions and elevated inflation in several regions.\"},{\"question\":\"What does the statement call for regarding World Bank Group engagement?\",\"answer\":\"It urges deeper WBG engagement in the most vulnerable countries to help prevent crises and support stabilization, reconstruction, and transitions out of fragility. It also welcomes the refreshed Fragility, Conflict and Violence strategy.\"},{\"question\":\"Which reforms does the statement highlight as priorities for the WBG?\",\"answer\":\"The statement endorses a sharper focus on outcomes, clearer and more integrated sector strategies, a stronger knowledge function, deeper partnerships, greater mobilization of private capital, internal efficiency gains, and more robust risk management.\"}]",1784489478,10,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":27},"statement-by-fabio-panetta-113th-meeting-of-the-development-committee-april-16-2026","",{"@graph":35,"@context":84},[36,52,67],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":21},"https://docshare.wps.com/document/statement-by-fabio-panetta-113th-meeting-of-the-development-committee-april-16-2026/111293/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":23,"description":14,"dateModified":60,"datePublished":61,"encodingFormat":59,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":40,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-20","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"Why does the statement emphasize heightened global uncertainty?","Question",{"text":74,"@type":75},"It links persistent conflicts and geopolitical tensions to higher energy and food prices, and to disruptions in trade and supply chains. It notes that growth risks are tilted to the downside under tight financial conditions and elevated inflation in several regions.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What does the statement call for regarding World Bank Group engagement?",{"text":79,"@type":75},"It urges deeper WBG engagement in the most vulnerable countries to help prevent crises and support stabilization, reconstruction, and transitions out of fragility. It also welcomes the refreshed Fragility, Conflict and Violence strategy.",{"name":81,"@type":72,"acceptedAnswer":82},"Which reforms does the statement highlight as priorities for the WBG?",{"text":83,"@type":75},"The statement endorses a sharper focus on outcomes, clearer and more integrated sector strategies, a stronger knowledge function, deeper partnerships, greater mobilization of private capital, internal efficiency gains, and more robust risk management.","https://schema.org",{"og:url":51,"og:type":86,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,133],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":28,"doc_module":4,"doc_module_name":45,"category_name":131,"show_sort_weight":28,"slug":132},"Lifestyle","lifestyle",{"id":134,"doc_module":4,"doc_module_name":45,"category_name":135,"show_sort_weight":105,"slug":136},19,"General","general"]