[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110014-en":3,"doc-seo-110014-105":30,"detail-sidebar-cat-0-en-105":92},{"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":20,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},110014,13056703020460,"Valentina","https://ap-avatar.wpscdn.com/avatar/be000253dac470eee5d?_k=1778207105932848923",8,"Research & Report","Statement by H.E. Azucena Arbeleche - 101st Meeting of the Development Committee - April 17, 2020","Statement by H.E. Azucena Arbeleche, Uruguay, on behalf of Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay at the 101st Meeting of the Development Committee held virtually on April 17, 2020. The statement addresses COVID-19 as an unprecedented global crisis affecting health, societies and domestic economies, stressing the need for extraordinary measures. It highlights coordination among multilateral organizations, support for vulnerable groups, and the fiscal and policy challenges faced by countries, with attention to the World Bank Group’s Capital Increase Package and related priorities.","Public Disclosure Authorized  \nPublic Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committeeof the  \nBoards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND ONE MEETINGWASHINGTON,DC-APRIL17,2020(VIRTUAL)  \nStatement by  \nH.E.Azucena ArbelecheMinister of Economy and Finance  \nUruguay  \nOn behalf of Argentina,Bolivia,Chile,Paraguay,Peru and Uruguay  \nDC/S/2020-0012  \nApril 17,2020  \nStatement by  \nH.E.Azucena ArbelecheMinister of Economy and Finance  \nUruguay  \nOn behalf of Argentina,Bolivia,Chile,Paraguay,Peru and Uruguay  \n101stMeeting of the Development Committee  \nApril 17,2020  \nWashington,DC  \n(VIRTUAL)  \n# Introduction\n\nThe emergence of the global crisis brought about by COVID-19,following the Director-General of theWorld Health Organization(WHO),implies \"steering in uncharted waters,\"which takes account of not onlyhealth but also the economy,and mainly economic policy.Hence,coordination of the internationalcommunity is imperative,not only in terms of health support for emerging countries but also in economicterms to attend to the social impact,as well as for the medium-and long-term development.  \nThis crisis highlights the readiness of our communities to cope with disasters,such as the current one,anddeal with fiscal space,as another resilience tool,at a time when our countries,only with some exceptions,are facing fiscal weakness.It also enhances the role of multilateral organizations:Multilateral DevelopmentBanks(MDBs),the International Monetary Fund(IMF),and specialized international organizations,likeWHO and the Food and Agriculture Organization (FAO),to name just two.  \nThe challenge humanity faces in terms of human lives is only comparable to those brought about by theWorld Wars of the 20th century.Indeed,this will be the most significant burden countries will have to bear:mitigating the loss of human lives.But the effect on domestic economies and societies,in general,will alsobe very high.At the time of this Development Committee meeting,uncertainty about the duration and depthof the economic and social crisis -at the global,regional,and national levels-is very high.However,expertsagree that the negative impact of this crisis could exceed that experienced in recent crises,such as the onein 2008.  \nThis highlights the need for countries to make use of extraordinary measures to face up to this crisis.First,in terms of its health,but also economic and social implications,special measures need to be taken tosupport the most vulnerable groups in society and to stir up economic activity during the crisis,as well asto address the adverse effects that will ensue once this crisis is abated.  \nTo support these vulnerable groups,as well as to shield the economy from adverse effects and then stimulateit to allow for adequate recovery in a timely manner,efforts in terms of public spending,tax waivers andrevenue loss will lead to a significant,but transitory,fiscal deterioration,for which,all countries(andmainly emerging countries)must be prepared.  \nTaking stock of Mr.Malpass's first anniversary at the helm of the World Bank Group,we acknowledgesignificant achievements,such as the completion of the steps to enable the capitalization of the World Bankand IFC,and IDA19 replenishment,among others.We are pleased that the WBG will continue with the  \nimplementation of the Capital Increase Package and its focus on global public goods,particularly actionsto tackle climate change and to promote gender equality as a fundamental challenge of our time,amongothers.Within the framework of pursuing the twin goals of the World Bank,we also agree with theobjectives of the Capital Increase Package to prioritize low-income(IDA)and fragile and conflict-affectedcountries,while the WBG continues to support all its clients,including middle-income countries.Given thecurrent situation,middle-income countries face shocks as strong as the rest,which should motivate sp","cbCait6ltIA1CQBK","https://ap.wps.com/l/cbCait6ltIA1CQBK","pdf",523825,5,1,"English","en",105,"# Introduction\n## COVID-19 crisis and policy coordination\n## Multilateral organizations and global support\n## Extraordinary measures and fiscal resilience\n## World Bank Group priorities and Capital Increase Package\n## Regional context: Latin America and the Caribbean\n## COVID-19 pandemic shock and WBG response","[{\"question\":\"What crisis is highlighted in the statement, and what does it impact beyond health?\",\"answer\":\"The statement highlights the global crisis caused by COVID-19. It emphasizes effects on the economy and on social outcomes, not only on health.\"},{\"question\":\"Why does the statement stress international coordination and the role of multilateral organizations?\",\"answer\":\"It argues that coordination is imperative to address health support and economic policy needs. It also stresses enhanced roles of multilateral development banks and specialized organizations such as the IMF, WHO and FAO.\"},{\"question\":\"How does the statement describe the World Bank Group’s response and priorities?\",\"answer\":\"It welcomes announced World Bank Group support for client countries and thanks management and staff for rapid project delivery. It also supports the Capital Increase Package’s focus on global public goods, including climate action and gender equality, and its prioritization of low-income and fragile countries.\"}]","Statement by H.E. Azucena Arbeleche - 101st Meeting of the Development Committee - April 17, 2020 | PDF",1784483468,13,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":28},"statement-by-he-azucena-arbeleche-101st-meeting-of-the-development-committee-april-17-2020","",{"@graph":36,"@context":86},[37,54,69],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":53},"https://docshare.wps.com/document/statement-by-he-azucena-arbeleche-101st-meeting-of-the-development-committee-april-17-2020/110014/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":23,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":41,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What crisis is highlighted in the statement, and what does it impact beyond health?","Question",{"text":76,"@type":77},"The statement highlights the global crisis caused by COVID-19. It emphasizes effects on the economy and on social outcomes, not only on health.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"Why does the statement stress international coordination and the role of multilateral organizations?",{"text":81,"@type":77},"It argues that coordination is imperative to address health support and economic policy needs. It also stresses enhanced roles of multilateral development banks and specialized organizations such as the IMF, WHO and FAO.",{"name":83,"@type":74,"acceptedAnswer":84},"How does the statement describe the World Bank Group’s response and priorities?",{"text":85,"@type":77},"It welcomes announced World Bank Group support for client countries and thanks management and staff for rapid project delivery. It also supports the Capital Increase Package’s focus on global public goods, including climate action and gender equality, and its prioritization of low-income and fragile countries.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":93},[94,98,102,106,110,115,120,123,128,131,135],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":46,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":46,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":46,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":46,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":46,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":132,"doc_module":4,"doc_module_name":46,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":46,"category_name":137,"show_sort_weight":20,"slug":138},19,"General","general"]