[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109961-en":3,"doc-seo-109961-105":30,"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":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":11},109961,687197207919,"Theodora","https://ap-avatar.wpscdn.com/avatar/a000253d6f5f7c60be?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779446848396160552",8,"Research & Report","Statement by H.E. Dr. Uttama Savanayana at the 101st Meeting of the Development Committee - April 17, 2020","Statement by H.E. Dr. Uttama Savanayana, Minister of Finance of Thailand, representing a constituency of countries at the World Bank Development Committee’s one hundred and first meeting. It thanks World Bank leadership amid the COVID-19 pandemic and calls for robust, decisive emergency response beyond “business as usual.” The statement highlights financing and advisory support, debt relief for IDA countries for about one year, and the need for sustainable public debt policy. It urges tailored assistance, support for healthcare systems, fiscal buffers, domestic resource mobilization, and international cooperation to mitigate crisis impacts.","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/2020-0008 April 17, 2020  \nStatement by  \nH.E. Dr. Uttama Savanayana Minister of Finance  \nThailand  \nRepresenting the Constituency of Brunei Darussalam, Fiji, Indonesia, Lao PDR, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga and Vietnam  \nStatement by  \nH.E. Dr. Uttama Savanayana  \nMinister of Finance  \nThailand  \nRepresenting the Constituency of Brunei Darussalam, Fiji, Indonesia, Lao PDR, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga and Vietnam  \n101st Meeting of the Development Committee  \nApril 17, 2020  \nWashington, DC  \n(VIRTUAL)  \nFirstly, we would like to thank Mr. David Malpass and Management for the effort in driving the World Bank Group’s agenda during this challenging time. The humanity is facing an unprecedented COVID-19 pandemic that transcends national borders and will continue to affect us all regardless of where we are. This year’s Spring Meeting comes at a critical juncture to lay down a strong foundation for the World Bank Group to fulfill its development mandate and mitigate the impact of the crisis for countries around the world, particularly, developing and less-developed countries.  \nUpdate on the World Bank Group Response to the COVID-19 Emergency  \nUnder the current circumstances, a robust and decisive response is imperative to control the outbreak, mitigate the economic and social impacts, and maintain economic stability. This is certainly not the time for ‘Business as Usual’. Hence, we appreciate the World Bank Group’s prompt emergency response under the $14 billion Fast Track COVID-19 Facility for health sector assistance, to be followed with full ranges of financial instruments and advisory services aiming at protecting the poor and vulnerable, supporting businesses, strengthening economic resilience, and speeding up economic recovery. These are steps in the right direction and will be more effective when mobilized with broad participation from the private sector and the international community.  \nWith the IBRD and recently concluded IFC capital increase, together with the record IDA19 replenishment, we believe that the World Bank Group is well-equipped to accelerate its support through front-loading and strategic deployment of its resources. Once the ramifications of the pandemic unfold, we call for the World Bank Group to continuously play an active role in rolling out financial and technical assistances to support member countries in their work to upgrade the national healthcare systems and their pursuit of further economic reform.  \nThe Covid-19 Debt Initiative: International Call for Action in Support of IDA Countries  \nWe note with concern the increasing number of IDA countries at high risk of public debt distress as it further limits their fiscal capacity to fight the pandemic. Now, more than ever, the situation needs to be tackled urgently, but also in a delicate, forward leaning and holistic manner as the COVID-19 pandemic has taken its toll on a decade of developmental gains and caused major economic dislocation for a number of countries, especially for Small States, who disproportionately have become vulnerable in this situation. Therefore, we welcome the Bank’s proposal that the official bilateral creditors temporarily suspend debt collection from all IDA countries requesting forbearance for approximately one year.  \nThe rising public debt level also necessitates a sound policy framework to ensure that the public debt financing instruments are in line with international best practices, including sustainable and transparent lending practices as laid out in the Joint IMF-World Bank Multipronged Approach for Addressing Emerging Debt Vulnerabilities. We call on the W","cbCaioGj3FKyyp01","https://ap.wps.com/l/cbCaioGj3FKyyp01","pdf",146379,5,1,3,"English","en",105,"# Opening remarks and COVID-19 context\n## World Bank Group response and instruments\n# Accelerating support for member countries\n# COVID-19 Debt Initiative for IDA countries\n## Debt collection suspension and fiscal policy needs\n# Closing call for unity and cooperation","[{\"question\":\"What is the main message of Uttama Savanayana’s statement at the 101st Development Committee meeting?\",\"answer\":\"The statement emphasizes the need for a robust, decisive World Bank Group response to COVID-19, stronger support for developing countries, and coordinated global action.\"},{\"question\":\"How does the statement describe the World Bank Group’s COVID-19 emergency response?\",\"answer\":\"It highlights prompt emergency support through the Fast Track COVID-19 Facility and broader financial instruments and advisory services aimed at protecting the poor and vulnerable, supporting businesses, and accelerating recovery.\"},{\"question\":\"What request does the statement make regarding the COVID-19 Debt Initiative for IDA countries?\",\"answer\":\"It welcomes the proposal for official bilateral creditors to temporarily suspend debt collection from IDA countries requesting forbearance for about one year, alongside calls for sound, sustainable debt policy frameworks.\"}]","Statement by H.E. Dr. Uttama Savanayana at the 101st Meeting of the Development Committee - April 17, 2020 | PDF",1784483231,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":29},"statement-by-he-dr-uttama-savanayana-at-the-101st-meeting-of-the-development-committee-april-17-2020","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,50],{"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":22},"https://docshare.wps.com/document/research-report/",{"item":51,"name":13,"@type":43,"position":52},"https://docshare.wps.com/document/statement-by-he-dr-uttama-savanayana-at-the-101st-meeting-of-the-development-committee-april-17-2020/109961/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":24,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-29","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What is the main message of Uttama Savanayana’s statement at the 101st Development Committee meeting?","Question",{"text":75,"@type":76},"The statement emphasizes the need for a robust, decisive World Bank Group response to COVID-19, stronger support for developing countries, and coordinated global action.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does the statement describe the World Bank Group’s COVID-19 emergency response?",{"text":80,"@type":76},"It highlights prompt emergency support through the Fast Track COVID-19 Facility and broader financial instruments and advisory services aimed at protecting the poor and vulnerable, supporting businesses, and accelerating recovery.",{"name":82,"@type":73,"acceptedAnswer":83},"What request does the statement make regarding the COVID-19 Debt Initiative for IDA countries?",{"text":84,"@type":76},"It welcomes the proposal for official bilateral creditors to temporarily suspend debt collection from IDA countries requesting forbearance for about one year, alongside calls for sound, sustainable debt policy frameworks.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,109,114,119,122,127,130,134],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":106,"show_sort_weight":107,"slug":108},"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":20,"slug":137},19,"General","general"]