[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110121-en":3,"doc-seo-110121-105":31,"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":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":30},110121,687197100911,"Himbo","https://ap-avatar.wpscdn.com/avatar/a000239b6f1da00475?x-image-process=image/resize,m_fixed,w_180,h_180&k=1785132997149421697",8,"Research & Report","Statement by H.E. Azucena Arbeleche - 107th Meeting of the Development Committee - April 12, 2023","Statement by H.E. Azucena Arbeleche, Minister of Economy and Finance of Uruguay on behalf of Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay, delivered at the 107th Meeting of the Development Committee (April 12, 2023). The statement highlights overlapping global shocks—COVID-19, the war in Ukraine, weak growth, tighter financial conditions and debt burdens—derailing progress on the SDGs and worsening vulnerability, especially in middle-income countries and Latin America and the Caribbean. It underscores the World Bank Group’s countercyclical response and calls for a higher-ambition, no-country-left-behind Evolution Roadmap to strengthen the WBG mission and operating models.","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 SEVENTH MEETINGWASHINGTON,DC-APRIL12,2023  \nStatement by  \nH.E.Azucena ArbelecheMinister of Economy and Finance  \nUruguay  \nOn behalf of Argentina,Bolivia,Chile,Paraguay,Peru and Uruguay  \nDC/S/2023-0032  \nApril 12,2023  \nStatement by  \nH.E.Azucena ArbelecheMinister of Economy and Finance  \nUruguay  \nOn behalf of Argentina,Bolivia,Chile,Paraguay,Peru and Uruguay  \n107hMeeting of the Development Committee  \nApril 12,2023  \nWashington,DC  \nThe global economy is experiencing multiple shocks,which have triggered a major setback in the fightagainst global poverty.Progress is fragile and cannot be taken for granted.The COVID-19 pandemic,the impact of the war on Ukraine,weak economic growth,tightening financial conditions,and unsustainabledebt burdens are affecting vulnerable populations the most.Moreover,these challenges are unfoldingagainst a backdrop of food and energy insecurity,limited access to clean water,inadequate social basicservices,and escalating climate crisis.As a result,the achievement of the Sustainable Development Goals(SDGs)is already off-track.  \nGlobally,the economic impacts of the pandemic were severe in middle-income countries(MICs),where income losses revealed and worsened some preexisting economic fragilities.Currently,more than62 percent of the world's poor population reside in these countries.MICs have an unfinisheddevelopment agenda and face significant challenges in achieving the SDGs by 2030,including endingpoverty(SDG 1),reducing inequality(SDG 10),and promoting gender equality and women empowerment(SDG 5).Furthermore,MICs are also key actors in addressing global development challenges.Successfully addressing these challenges requires effective engagement and a deep understanding of MICs'vulnerabilities to external shocks and their potential to contribute with positive externalities to tackle thesechallenges.  \nIn particular,the Latin America and the Caribbean(LAC)--a middle-income region--has beenseverely impacted by these overlapping crises.The region has experienced low growth rates andincreasing levels of unemployment.In addition,setbacks on healthcare,education,and nutrition,have ledto a decline in living standards for many people.LAC already was the most unequal region in the worldin terms of income prior to the pandemic and poverty rates remain above pre-pandemic levels in2022.During the pandemic,between 2019 and 2021,the number of poor people measured at 6.85 dollarsper person per day(2017 Purchasing Power Parity)grew by 14 million,double the increase observed duringthe 1998-99 financial crisis.These developments are a reminder that people are vulnerable to fall back intopoverty,and that even non-poor households in middle-income countries can be just one negative shockaway from falling into poverty as well.Decades of development progress have been wiped out by thesecrises.  \nSome countries in our constituency are facing the worst drought in half a century,while other neighboringcountries are grappling with the most severe floods in four decades.These situations due to climate shockshave severe social,fiscal,and balance of payment consequences,as well as aggravate food insecurityglobally.Access to export markets is also a crucial factor that impacts progress in achieving sustainablegrowth in MICs.Broad and unrestricted access to global export markets can help sustain developmentand create job opportunities.  \nTherefore,a continued and systematic engagement with MICs-“the forgotten middle”-is criticalfor global development efforts and to address global development challenges.  \nThe countercyclical role of the World Bank  \nThe World Bank Group(WBG)has responded in a very agile and sizeable manner to the most recentcrises.We congratulate the WBG's leadership and","cbCaipyHNQ8s4EaB","https://ap.wps.com/l/cbCaipyHNQ8s4EaB","pdf",1314968,4,1,5,"English","en",105,"# Development challenges and SDG setback\n## Vulnerabilities of middle-income countries\n## Latin America and the Caribbean impacts\n## Climate shocks and trade access\n## The World Bank Group’s countercyclical role\n## WBG Evolution Roadmap priorities","[{\"question\":\"What global factors have worsened the fight against poverty and SDG progress?\",\"answer\":\"The statement cites multiple shocks including COVID-19, the war in Ukraine, weak economic growth, tightening financial conditions, unsustainable debt burdens, and broader food and energy insecurity, limited clean water access, and escalating climate crisis.\"},{\"question\":\"Why does the statement focus on middle-income countries (MICs)?\",\"answer\":\"MICs are described as having an unfinished development agenda and facing major challenges in reaching the SDGs by 2030; more than 62% of the world’s poor live in these countries, making them highly exposed to external shocks.\"},{\"question\":\"What does the statement say about the World Bank Group’s role and the Evolution Roadmap?\",\"answer\":\"It highlights the World Bank Group’s agile and sizable financing response since COVID-19 and emphasizes its countercyclical role, while calling for a higher-ambition Evolution Roadmap that strengthens the mission and operating and financial models without leaving any country behind.\"}]","Statement by H.E. 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