[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109854-en":3,"doc-seo-109854-105":30,"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":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},109854,962075114101,"Seraphina","https://ap-avatar.wpscdn.com/avatar/e000253a75eb197efd?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780044092746381165",8,"Research & Report","Statement by H.E. Arkhom Termpittayapaisith - 102nd Meeting of the Development Committee","Statement by H.E. Arkhom Termpittayapaisith, Minister of Finance of Thailand, representing a constituency of countries. The document addresses the Development Committee’s 102nd virtual meeting, emphasizing the COVID-19 crisis’s damage to progress toward development goals and the resulting vulnerability of the poorest. It highlights the World Bank Group’s COVID-19 Fast Track Facility, calls for equitable access to treatments and vaccines, and supports extending the Debt Service Suspension Initiative while enhancing transparency and debt reduction planning for IDA countries.","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 TWO MEETING WASHINGTON, DC – OCTOBRE 16, 2020  \n(VIRTUAL)  \nDC/S/2020-0052 October 16, 2020  \nStatement by  \nH.E. Arkhom Termpittayapaisith  \nMinister of Finance  \nThailand  \nRepresenting the Constituency of Brunei Darussalam, Fiji, Indonesia, Lao PDR, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga and Vietnam  \nStatement by  \nH.E. Arkhom Termpittayapaisith  \nMinister of Finance  \nThailand  \nRepresenting the Constituency of Brunei Darussalam, Fiji, Indonesia, Lao PDR, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga and Vietnam  \n102nd Meeting of the Development Committee  \nOctober 16, 2020  \nWashington, DC  \n(VIRTUAL)  \nThis year’s Meeting comes at a critical juncture for the Bank to fulfil its development mandate and mitigate the impact of a global crisis in the COVID-19 pandemic.  \nWorld Bank Group COVID-19 Crisis Response Update  \nProgress towards the Twin Goals has been undermined by the crisis and the poorest have inevitably suffered the most. For countries in our constituency, the economic situation remains precarious, owing to the broadbased decline in exports, tourism revenue, remittances and foreign investments. The crisis has underscored the importance of global cooperation, as made evident by well-timed and coordinated actions by the G20, and scaled up financial support provided by the Bank, the IMF, and other MDBs.  \nThe role played by the Bank in this crisis is commendable, particularly in the speed and scale of COVID- 19 Fast Track Facility to help countries address the crisis and support robust economic recovery. In addition, we call for the Bank to take an active role to ensure equitable access to effective treatments and vaccines once they become available. Furthermore, the Bank should maintain the line of sight on long-term development goals and seize this opportunity to provide a strong foundation for development policy and effective program implementation moving forward.  \nImplementation and Extension of the Debt Service Suspension Initiative (DSSI)  \nAlso crucial to the long-term development goals is the Debt Service Suspension Initiative or DSSI, which has provided additional fiscal space for low-income countries. Considering that liquidity support remains essential, we concur with the recommendation to extend DSSI and to encourage all official bilateral creditors to participate. Together with enhancing debt transparency, the extension would prevent lowincome countries from falling back into unsustainable debt situations. We support the joint initiative by the Bank and the IMF to create action plan on debt reduction for IDA countries with unsustainable debts and encourage further participation by private sector creditors in the process.  \nIDA Voting Rights Review and 2020 Shareholding Review  \nOn IDA Voting Rights Review, we look forward to the completion by the IDA19 Midterm review as mandated by Governors. On the 2020 Shareholding Review, we encourage further technical work to create options for a gradual adjustment of IBRD and IFC shareholding. Notwithstanding that the 2018 Capital Increase is underway; this work can pave ways for gradual improvement at the next Shareholding Review and uphold the legitimacy of the Lima shareholding principles.  \nFinally, as the uncertainties associated with the pandemic persist, we urge all countries and the international community, including the Bank, to stay united and fight through these difficult times with strong global cooperative efforts. On behalf of the Southeast Asia Voting Group, we wish the Development Committee fruitful deliberations at the 102nd Meeting.","cbCaig7DTLFK9p8W","https://ap.wps.com/l/cbCaig7DTLFK9p8W","pdf",146180,4,1,3,"English","en",105,"# World Bank Group COVID-19 Crisis Response Update\n## Progress toward the Twin Goals and regional economic impacts\n## Equity in access to treatments and vaccines\n# Implementation and Extension of the Debt Service Suspension Initiative (DSSI)\n## Fiscal space, participation, and debt transparency\n## Action plan for debt reduction and private sector involvement\n# IDA Voting Rights Review and 2020 Shareholding Review\n## IDA19 midterm review expectations\n## Options for gradual adjustment of IBRD and IFC shareholding\n# Closing remarks","[{\"question\":\"What central concerns does the statement raise for the Development Committee’s response to COVID-19?\",\"answer\":\"It notes that the pandemic undermined progress toward the Twin Goals and that the poorest suffered the most. It emphasizes coordinated global action and continued Bank support for economic recovery.\"},{\"question\":\"What does the statement ask the World Bank to do regarding COVID-19 treatments and vaccines?\",\"answer\":\"It calls for an active role to ensure equitable access to effective treatments and vaccines once available.\"},{\"question\":\"How does the statement address the Debt Service Suspension Initiative (DSSI) and debt sustainability?\",\"answer\":\"It supports extending DSSI to provide additional fiscal space, encouraging official bilateral creditor participation. It also urges enhanced debt transparency and action plans for debt reduction for IDA countries with unsustainable debts.\"}]","Statement by H.E. 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It emphasizes coordinated global action and continued Bank support for economic recovery.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What does the statement ask the World Bank to do regarding COVID-19 treatments and vaccines?",{"text":79,"@type":75},"It calls for an active role to ensure equitable access to effective treatments and vaccines once available.",{"name":81,"@type":72,"acceptedAnswer":82},"How does the statement address the Debt Service Suspension Initiative (DSSI) and debt sustainability?",{"text":83,"@type":75},"It supports extending DSSI to provide additional fiscal space, encouraging official bilateral creditor participation. 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