[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111290-en":3,"doc-seo-111290-105":29,"detail-sidebar-cat-0-en-105":91},{"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":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},111290,3848291630094,"Emma Wilson","https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45",8,"Research & Report","Statement by H.E. Dario Durigan - 113th Meeting of the Development Committee - April 16, 2026","Statement by H.E. Dario Durigan, Brazil’s Minister of Finance, delivered on behalf of a multi-country constituency at the 113th Development Committee meeting in Washington, DC on April 16, 2026. The address analyzes how shocks, geoeconomic fragmentation, and the Middle East conflict strain developing economies, raising oil prices, disrupting supply chains, and worsening food insecurity and poverty risks. It outlines recommended counter-cyclical support, including measures to lower borrowing costs, multiphase financing for food security and social protection, and emphasis on climate adaptation and multilateral effectiveness.","Public Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committee of the  \nBoards of Governors ofthe Bank and the Fundon the  \nTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND THIRTEENTH MEETING WASHINGTON, DC – APRIL 16, 2026  \nPub lic Disc losure Authorized  \nDC/S/2026-0022 April 16, 2026  \nStatement by  \nH.E. Dario Durigan  \nMinister of Finance  \nBrazil  \nOn behalf of Brazil, Colombia, Dominican Republic, Ecuador, Haiti, Panama, Philippines, Suriname, and Trinidad and Tobago  \nStatement by  \nH.E. Dario Durigan  \nMinister of Finance  \nBrazil  \non behalf of Brazil, Colombia, Dominican Republic, Ecuador, Haiti, Panama, Philippines, Suriname, and Trinidad and Tobago  \n113th Meeting of the Development Committee  \nApril 16, 2026  \nWashington, DC  \nSince the 2008 global financial crisis, successive shocks and geoeconomic fragmentation have been affecting the ability of developing economies to address pressing issues and promote growth. These nations now face added pressure due to the economic impact of the recent Middle East conflict. Nations are striving to address long-term priorities such as job creation, fighting poverty and all forms of inequality, which calls for enhanced government efficiency. At the same time, increasing productivity and managing fiscal pressures while protecting vulnerable populations. It also remains essential to adapt and mitigate climate change and preserve biodiversity. Now countries must also respond to safeguard their citizens from the impacts ofthe conflict in the Middle East.  \nThe World Bank must bring its financial instruments and expertise to support member countries, and to facilitate the implementation of counter-cyclical measures. The conflict has contributed to rising oil prices, and further disruptions in global supply chains. Continued tensions may result in strain on energy prices and availability, interruptions in industrial supply chains and impacts on food security and poverty. Preliminary estimates from the World Bank indicate that an additional 16 million people may face food insecurity as a direct outcome of the conflict, while global growth projections could fall 40% and inflation rise by 60% .  \nWhile we support the WBG crisis toolkit, we recommend the implementation of measures to assist countries in reducing borrowing costs. Actions might include lowering lending spreads, waiving front-end and commitment fees, extending loan terms and grace periods for loans addressing crisis situations. Additionally, adopting a multiphase financing strategy for food security and social protection is a valuable complement to support countries and regions. These approaches are consistent with those employed during the 2008 financial crisis and the COVID-19 pandemic. Given these circumstances, the World Bank’s commitment to provide social protection to 500 million individuals by 2030—particularly focusing on 250 million women—is increasingly significant. Furthermore, collaboration with the Global Alliance Against Hunger and Poverty is essential for effective responses to the challenge of food insecurity.  \nThe governments in our constituency are implementing counter-cyclical measures to mitigate the economic shocks from the recent surge in commodities prices. Brazil is working to maintain access to fertilizer and leverage its renewable energy sector, to lessen the impact of oil price volatility. It has also waived taxes on diesel and temporarily taxed crude oil exports to offset fiscal impacts and protect domestic supply. Additional measures include combating abusive pricing, freighting tariff protections for truck drivers, and assessing biofuel blending mandates. In Dominican Republic, the government has temporarily suspended certain fuel taxes and introduced subsidies to stabilize domestic prices and protect consumers. The Philippines has focused on managing inflation and ensuring stability through targeted interventions to absorb external price shocks. Th","cbCaiexTI33WrpNb","https://ap.wps.com/l/cbCaiexTI33WrpNb","pdf",141200,1,5,"English","en",105,"# Key macroeconomic and humanitarian context\n## Impacts on growth, inflation, and food security\n# Recommended policy responses\n## Lowering borrowing costs and extending support terms\n## Multiphasing financing for food security and social protection\n# Country initiatives within the constituency\n## Counter-cyclical measures to manage commodity price shocks\n# Multilateral institutions and graduation policy\n## Preserving voluntary, demand-driven, flexible graduation\n# Climate change priorities\n## Pragmatic mitigation and stronger adaptation","[{\"question\":\"What major global shocks does the statement link to pressures on developing economies?\",\"answer\":\"It cites the post-2008 crisis environment, geoeconomic fragmentation, and the recent Middle East conflict, which increases oil prices and disrupts supply chains, intensifying growth, inflation, and food security challenges.\"},{\"question\":\"What borrowing-cost related measures does the statement recommend?\",\"answer\":\"It recommends measures such as lowering lending spreads, waiving front-end and commitment fees, extending loan terms and grace periods, and using multiphase financing for food security and social protection.\"},{\"question\":\"How does the statement view the World Bank’s graduation policy?\",\"answer\":\"It supports graduation as a development milestone but warns that it must remain voluntary, demand-driven, flexible, context-specific, and coordinated with countries to avoid weakening overall relevance and 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