[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109915-en":3,"doc-seo-109915-105":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},109915,1374391974564,"Clementine","https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002",8,"Research & Report","Statement by H.E. Dag-Inge Ulstein - 101st Meeting of the Development Committee - April 17, 2020","Statement by H.E. Dag-Inge Ulstein, Minister of International Development (Norway), on behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, delivered at the 101st Development Committee meeting on April 17, 2020 (virtual). The statement reviews prior concerns over downside risks and emphasizes the scale of the COVID-19 shock, calling for coordinated multilateral action, support for growth, targeted measures for affected people and businesses, and strengthened poverty reduction efforts. It highlights World Bank Group capacity, SDG-aligned recovery, green investment focus, crisis preparedness, and gender-responsive approaches to ensure no one is left behind.","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 ONE MEETING  \nWASHINGTON, DC – APRIL 17, 2020  \n(VIRTUAL)  \nDC/S/2020-0031 April 17, 2020  \nStatement by  \nH.E. Dag-Inge Ulstein Minister of International Development  \nNorway  \non behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden  \nStatement by  \nH.E. Dag-Inge Ulstein  \nMinister of International Development  \nNorway  \non behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden 101st Meeting of the Development Committee  \nApril 17, 2020  \nWashington, DC  \n(VIRTUAL)  \nAt the time of the World Bank/IMF Annual Meetings six months ago we faced a global economic situation characterized by looming uncertainty. We issued a Development Committee Communiqué pointing to “downside risks”, and we listed some of them: Slow growth, trade tensions, financial volatility, rising debt vulnerabilities.  \nIn October, we were reminded of the urgency to intensify our efforts to reach the Sustainable Development Goals (SDGs) and deliver on the Paris agreement, which we have committed to. We were reminded that we are behind schedule on our way to 2030; that on current trends many SDGs will not be met; that poverty reduction is going too slowly; that many are at risk of being left behind; that action on climate change is woefully inadequate. We called for collective action and emphasized the imperative of strong multilateral cooperation in a world of uncertainty.  \nIn the DC Communiqué last fall pandemics were mentioned in passing only. Six months later we have been hit with a setback of dimensions we have yet to grasp, with dire consequences, the full force of which we have yet to experience. COVID-19 has hit the whole world brutally. It entails a dramatic health crisis, a threat to the social fabric, and economic upheaval and development setbacks, most worryingly for poor countries and fragile states.  \nThe economic impact of COVID-19 will surely outlive the health emergency phase. Predicting the full range of consequences is a monumental task. Multilateral and national policy action is needed to support growth, staving off downside risks and increasing policy preparedness for a sharp downturn. The negative impact on the people and businesses most affected must be mitigated with timely and targeted measures. Bolstering economic activity today, and re-igniting it in COVID-19 aftermath mode, will be challenging. The Bank, in close cooperation with the IMF and other MDBs, should assist client countries to evaluate potential impact on the economy and help them develop and implement the right policy response to cope with crisis, restore growth and sustain development progress.  \nSustained and sustainable poverty reduction has surely become an even greater challenge. We are impressed by the speedy turn-around and extraordinary effort by the World Bank Group to step up to the task, again taking a lead role in addressing a global public bad. The rapid mobilization of the Fast-Track COVID-19 Facility is forceful disaster risk management in practice. For this, we thank management and the dedicated staff of the Bank. We urge you to be even more ambitious, to raise the bar, and to focus on the most vulnerable members.  \nIn COVID-19 response going forward we stress the importance of coordination and cooperation with the World Health Organization, other UN agencies, humanitarian actors, regional development banks, the IMF, and civil society. We need multi-purpose responses with multi-partner efforts. We need one joint pull, with many at the rope. And we need to make sure that it is done in a manner that leaves no one behind.  \nAt this crucial point in time, with only nine years to 2030, it is extremely important that the World Bank Group sustain and leverage it","cbCainFkEmFNzpa0","https://ap.wps.com/l/cbCainFkEmFNzpa0","pdf",67955,5,1,"English","en",105,"# Statement and context\n## Global risks and SDG urgency\n## COVID-19 impacts and policy response\n## Poverty reduction and coordination\n## Recovery aligned with SDGs\n## Gender inclusion and shared progress","[{\"question\":\"What key challenges does the statement describe leading into and following the 2020 meeting?\",\"answer\":\"It highlights global downside risks such as slow growth, trade tensions, financial volatility, and rising debt vulnerabilities, and then stresses that COVID-19 has created a major health crisis, social disruption, and development setbacks, especially for poor countries and fragile states.\"},{\"question\":\"What policy actions does the statement call for to address the COVID-19 shock?\",\"answer\":\"It calls for multilateral and national policy action to support growth, mitigate negative impacts through timely targeted measures, and strengthen policy preparedness for a sharp downturn, with the World Bank working closely with the IMF and other MDBs.\"},{\"question\":\"How should recovery efforts be aligned going forward?\",\"answer\":\"The statement urges recovery support to align with the SDGs, including sustainable and green recovery, a stronger focus on green investments and sustainable infrastructure, and comprehensive prevention and preparedness financing.\"}]","Statement by H.E. Dag-Inge Ulstein - 101st Meeting of the Development Committee - April 17, 2020 | PDF",1784483013,13,{"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-dag-inge-ulstein-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-dag-inge-ulstein-101st-meeting-of-the-development-committee-april-17-2020/109915/",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 key challenges does the statement describe leading into and following the 2020 meeting?","Question",{"text":76,"@type":77},"It highlights global downside risks such as slow growth, trade tensions, financial volatility, and rising debt vulnerabilities, and then stresses that COVID-19 has created a major health crisis, social disruption, and development setbacks, especially for poor countries and fragile states.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"What policy actions does the statement call for to address the COVID-19 shock?",{"text":81,"@type":77},"It calls for multilateral and national policy action to support growth, mitigate negative impacts through timely targeted measures, and strengthen policy preparedness for a sharp downturn, with the World Bank working closely with the IMF and other MDBs.",{"name":83,"@type":74,"acceptedAnswer":84},"How should recovery efforts be aligned going forward?",{"text":85,"@type":77},"The statement urges recovery support to align with the SDGs, including sustainable and green recovery, a stronger focus on green investments and sustainable infrastructure, and comprehensive prevention and preparedness financing.","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"]