[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110938-en":3,"doc-seo-110938-105":29,"detail-sidebar-cat-0-en-105":89},{"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":4,"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},110938,1374391974585,"Genevieve","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Statement by H.E. Dr. Muhammad Al Jasser - 104th Meeting of the Development Committee - October 15, 2021","Statement by H.E. Dr. Muhammad Al Jasser, Chairman of the Islamic Development Bank (IsDB) Group, addressing the 104th Development Committee meeting. It thanks the World Bank and IMF and reviews how the COVID-19 downturn has continued to shape economies, lives, and progress toward the Sustainable Development Goals. The statement highlights uneven recovery, persistent poverty setbacks, and vaccine-access disparities, stressing that “no one is safe until everyone is safe.” It calls for pooled resources and support for vaccine affordability, referencing initiatives like DSSI, COVAX, and IMF SDR allocations, alongside IsDB responses including SPRP, CGF, sukuk, and the SERVE program.","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 FOURTH MEETING WASHINGTON, DC – OCTOBER 15, 2021  \nDC/S/2021-0037 October 15, 2021  \nStatement by  \nH.E. Dr. Muhammad Al Jasser Chairman  \nIslamic Development Bank (IsDB) Group  \nStatement by  \nH.E. Dr. Muhammad Al Jasser  \nChairman  \nIslamic Development Bank (IsDB) Group  \n104th Meeting of the Development Committee  \nOctober 15, 2021  \nWashington, DC  \nOn behalf of the Islamic Development Bank (IsDB) Group, I would like to express my appreciation to the World Bank and International Monetary Fund (IMF) for the invitation to participate in the 104th Development Committee Meeting.  \nThis meeting takes place while the world economy is gradually emerging from the unprecedented downturn caused by the COVID-19 pandemic as uncertainties and associated risks persist.  \nOver the past two years, the global development agenda has been dominated by the pandemic's repercussions for economies, lives, and livelihoods, along with the undeniable impact on the Sustainable Development Goals (SDGs) .  \nWith significant progress in rolling out vaccines in many advanced and emerging economies, the easing of lockdowns and return of economic activities, and enhanced policy support, the global economy has started to recover.  \nHowever, the recovery is uneven as many low-income countries struggle with access to an efficient distribution of vaccines. It is, therefore, critical for the global development community to tackle the rising inequalities to facilitate inclusiveness. Doing so could serve as a springboard for a more even, resilient, sustainable development path.  \nAddressing the Uneven Recovery Challenge  \nThe global output is expected to rebound with a six-percent growth in 2021–an achievement considering the global economy's immediate emergence from a recession. However, the global average growth masks significant disparities across countries, regions, and income groups.  \nFor instance, low-income economies are forecast to grow below 4 percent. Moreover, by 2022, about two-thirds of emerging market and developing economies (EMDEs) may still lag their pre-pandemic per capita income projections.  \nThis projection suggests a setback in progress made towards economic convergence between nations. Furthermore, the current financial crisis reverses recent gains in poverty reduction, pushing poverty rates back to 2017 levels.  \nThis divergence in growth performance mirrors to a large extent the uneven access to COVID-19 vaccines. Recent estimates suggest that around 60 percent of the population of higher-income countries had received at least one dose ofCOVID-19 vaccine, compared to about 1 percent in low-income countries.  \nAddressing the challenge of uneven recovery requires, among others, closing the gap in vaccine access, especially as recovery is dependent on effective control of the pandemic at the global level.  \nNo one is safe until everyone is safe. Hence, we need to pool our resources and step up our efforts to ensure vaccines' accessibility, particularly to those who cannot afford them.  \nThe international development community has taken vital initiatives to help alleviate the financial burden of crisis management in the least developed countries and bridge the gap in vaccine access worldwide.  \nThese initiatives include the G20 Debt Service Suspension Initiative (DSSI) and COVAX through the joint efforts of the Coalition for Epidemic Preparedness Innovations (CEPI), Gavi-The Vaccine Alliance, and the World Health Organization.  \nRecently, the IMF allocated Special Drawing Rights (SDRs) to enable countries, especially low-income countries, to purchase vaccines and finance other pandemic-related activities. This allocation is the largest in history.  \nIf accepted, the request for high-income countr","cbCaieWKa14St5c7","https://ap.wps.com/l/cbCaieWKa14St5c7","pdf",190359,1,4,"English","en",105,"# Addressing the Uneven Recovery Challenge\n## Vaccine access and inequality\n## Debt, financing, and international initiatives\n# Post-Pandemic Approaches to Sustainable Development\n## Strengthening knowledge and partnership systems","[{\"question\":\"What key challenge does the statement emphasize for global development in 2021?\",\"answer\":\"The statement emphasizes an uneven recovery driven by persistent inequalities and unequal access to COVID-19 vaccines.\"},{\"question\":\"What actions does the statement call for to improve vaccine accessibility?\",\"answer\":\"It calls for pooling resources and stepping up efforts to ensure vaccines are accessible, especially to those who cannot afford them, supported by initiatives that close the vaccine-access gap.\"},{\"question\":\"Which major initiatives and financial mechanisms are mentioned to support recovery and vaccine access?\",\"answer\":\"The statement references the G20 Debt Service Suspension Initiative (DSSI), COVAX, IMF Special Drawing Rights (SDRs), and support targets for mobilizing financing to end the COVID-19 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