[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110891-en":3,"doc-seo-110891-105":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},110891,13056703019662,"Evangeline","https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188",8,"Research & Report","Statement by H. E. Mohammed A. Aljadaan - 104th Meeting of the Development Committee - Statement for October 15, 2021","Statement by H. E. Mohammed A. Aljadaan, Minister of Finance of the Kingdom of Saudi Arabia, delivered at the 104th Virtual Meeting of the Development Committee on October 15, 2021. The statement emphasizes ending the COVID-19 pandemic worldwide, prioritizing vaccine access for lower-income countries, sustaining support for the most affected vulnerable members, and addressing debt vulnerabilities through cooperation with the WBG and IMF. It also highlights the GRID approach, the role of energy security and diverse energy mixes, and the need for balanced climate and development policies.","P lubl  D iic os rls reu Auor ez Pub lc D c os reisc os ru Auor ez   \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 FOURTH MEETING WASHINGTON, DC – OCTOBER 15, 2021  \nDC/S/2021-0055 October 15, 2021  \nStatement by  \nH. E. Mohammed A. Aljadaan Minister of Finance  \nThe Kingdom of Saudi Arabia  \nStatement by  \nH.E. Mohammed A. Aljadaan  \nMinister of Finance  \nThe Kingdom of Saudi Arabia  \n104th Meeting of the Development Committee  \nOctober 15, 2021  \nWashington, DC  \nThe Global Context: Towards a Strong and Inclusive Recovery:  \nSince its outbreak, the COVID-19 pandemic has been a constant reminder that the international community should stand together to fight the pandemic and recover stronger. The anticipation for a solid rebound has softened with the disproportionate impact of the pandemic, the unequal access to vaccines, and the diminishing scope for large-scale policy support, especially for many emerging marketsand developing economies (EMDEs). Against this backdrop, the top priorities at this critical juncture should be to:  \n• End the pandemic everywhere in the world, while supporting a strong and inclusive recovery. The world will not be safe from the COVID-19 pandemic unless everyone is safe in every part of the world. Given that just about 2 percent of vaccine deployment has taken place in lower-income countries (LICs), the access issue must be given the highest priority. I welcome the WBG support for vaccine financing, and I would like to call for accelerated efforts, especially in LICs and fragile and conflict-affected countries. On its part, Saudi Arabia reaffirms its commitment to continue its support for the global efforts to fight the crisis and pave the way for a strong and inclusive recovery.  \n• Continue the support to the most affected member countries. LICs and fragile and conflictaffected countries entered the crisis with deep structural challenges and long-standing vulnerabilities, including high debt levels and significant development needs. Amid daunting challenges, they have undertaken decisive measures to mitigate the socioeconomic fallouts of the pandemic, benefiting from development partners’ support. However, as financial constraints intensify with the protracted nature of the pandemic, the capacity to support the most vulnerable will significantly decline, along with the opportunity to foster growth and job creation, especially for the disadvantaged groups. Therefore, collective efforts should be stepped up to accelerate international support and domestic reforms, including in the areas of domestic resource mobilization and business environment improvement.  \n• Address debt vulnerabilities in low-income countries. I thank the WBG and IMF for the joint efforts to address debt vulnerabilities in LICs, including through their support to the G20 Debt Service Suspension Initiative (DSSI) . I welcome the progress achieved thus far in the implementation of the G20 Common Framework, and look forward to further progress, building on the momentum achieved by the Creditors’ Committee for Chad, which was co-chaired by Saudi Arabia and France. I see an important role for the WBG and IMF in the implementation phase of the Common Framework, including by providing timely information to creditors and enhancing communication with eligible countries and the broader public, particularly private creditors and credit rating agencies. As a creditor and G20 member, Saudi Arabia remains committed to actively engaging with all stakeholders to further advance the ongoing implementation of the G20 Common Framework.  \nThe WBG’s strong support has been invaluable to the membership during these challenging times.  \nThe WBG’s tailored policy advice along with capacity development and financial support must continue  \nwith emphasis on promoting members’ policy efforts to exit the crisis s","cbCaidWHXuGhrxp5","https://ap.wps.com/l/cbCaidWHXuGhrxp5","pdf",162829,1,4,"English","en",105,"# Development Committee statement\n## Global context and recovery priorities\n## Vaccine access and support for vulnerable members\n## Debt vulnerabilities and implementation of frameworks\n## GRID recovery and policy advice\n## Energy security and climate policy balance","[{\"question\":\"What are the statement’s main priorities for global recovery?\",\"answer\":\"The statement calls for ending the COVID-19 pandemic everywhere, supporting an inclusive recovery, prioritizing vaccine access in lower-income countries, and strengthening support for vulnerable member countries through reforms and domestic capacity building.\"},{\"question\":\"How does the statement address debt vulnerabilities in low-income countries?\",\"answer\":\"It recognizes joint WBG-IMF efforts and highlights progress under the G20 Debt Service Suspension Initiative and the G20 Common Framework, calling for continued implementation and timely communication with creditors and eligible countries.\"},{\"question\":\"What does the statement say about the GRID approach and climate/energy policy?\",\"answer\":\"It supports Green, Resilient and Inclusive (GRID) recovery, urges balance across its components, and recommends focusing climate policies on net GHG emissions while emphasizing energy security and promoting diverse energy 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are the statement’s main priorities for global recovery?","Question",{"text":73,"@type":74},"The statement calls for ending the COVID-19 pandemic everywhere, supporting an inclusive recovery, prioritizing vaccine access in lower-income countries, and strengthening support for vulnerable member countries through reforms and domestic capacity building.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"How does the statement address debt vulnerabilities in low-income countries?",{"text":78,"@type":74},"It recognizes joint WBG-IMF efforts and highlights progress under the G20 Debt Service Suspension Initiative and the G20 Common Framework, calling for continued implementation and timely communication with creditors and eligible countries.",{"name":80,"@type":71,"acceptedAnswer":81},"What does the statement say about the GRID approach and climate/energy policy?",{"text":82,"@type":74},"It supports Green, Resilient and Inclusive (GRID) recovery, urges balance across its components, and 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