[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111275-en":3,"doc-seo-111275-105":29,"detail-sidebar-cat-0-en-105":90},{"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},111275,3848291630094,"Emma Wilson","https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45",8,"Research & Report","Statement by H.E. Edgar Amador Zamora - Jobs Challenge and Industrial Policy in the 113th Meeting of the Development Committee","Statement by H.E. Edgar Amador Zamora, Minister of Finance and Public Credit of Mexico, presented on behalf of Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, and the Kingdom of Spain at the 113th Meeting of the Development Committee (April 16, 2026, Washington, DC). It argues that employment creation in developing economies through 2035 is a structural challenge requiring state-led coordination, appropriate risk allocation, and context-specific industrial and productive transformation policies. The statement emphasizes disciplined yet development-fit macro-fiscal rules and highlights risks from rigid frameworks and worsening global geopolitical, trade, debt, and climate pressures.","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/2026-0006 April 16, 2026  \nStatement by  \nH.E. Edgar Amador Zamora Minister of Finance and Public Credit  \nMexico  \nOn behalf of Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, and The Kingdom of Spain  \nStatement by  \nH.E. Edgar Amador Zamora  \nMinister of Finance and Public Credit  \nMexico  \nOn behalf of Costa Rica, El Salvador, Guatemala, Honduras,  \nMexico, Nicaragua, and The Kingdom of Spain  \n113th Meeting of the Development Committee  \nApril 16, 2026  \nWashington, DC  \nThe Jobs challenge facing developing economies through 2035 is, without exaggeration, among the defining tests ofour collective agenda. The Bank has consistently underscored—through the WDR 2024: Jobs, recent analyses on productivity, and its work on structural transformation—that hundreds of millions of new jobs will likely be needed to absorb demographic growth, rapid urbanization, and technological change, and to help address migration pressures associated with economic factors. In that sense, this is not merely a cyclical concern; it is structural, and it calls for responses that are commensurate with its magnitude.  \nOver time, the debate on how best to meet this challenge has often been shaped by analytical frameworks that place considerable confidence in global liquidity and in the capacity of private capital to support development outcomes. This line of thinking is not new. As early as the 1996 World Development Report, the Bank noted that markets alone may not remedy structural failures or ensure the provision of public goods and emphasized the indispensable role of the State in addressing externalities, coordinating investment, and sustaining long-term development objectives. We consider that observation to remain highly relevant.  \nAt the same time, in practice, elements of the development agenda have at times relied on expectations that financial instruments and contractual arrangements could, to some extent, substitute for that role. The empirical record across developing countries suggests that these approaches can face important constraints. In several settings, public-private partnership schemes have been associated with higher implementation risks, increased transaction costs, and contingent liabilities that, in the end, may fall on governments—particularly where institutional capacity is limited.  \nIn labor-intensive sectors characterized by strong externalities—basic infrastructure, urban services, energy, logistics, and early-stage manufacturing—private bankability can be difficult to achieve without a strong enabling environment and appropriate risk allocation. Experience in many countries suggests that relying predominantly on private solutions has not always delivered outcomes at the scale required, nor with the durability that development objectives demand. This points to the importance of context-specific approaches, including robust public investment and oversight where appropriate.  \nAgainst this backdrop, we welcome that the Bank has begun to recognize more explicitly the importance of industrial policy, productive transformation, and the role of the State within its recent narrative. This evolution aligns with historical evidence and with successful development trajectories, and it provides a constructive basis for further operational work.  \nThe Bank has also underscored that such policies should be implemented within strong institutional frameworks, tailored to each country’s circumstances. We agree with that premise. At the same time, we  \nwould invite continued emphasis on a central implication: industrial policy and job creation benefit from macro-fiscal rules that are not only disciplined but also fit fo","cbCaiabvqKpddysn","https://ap.wps.com/l/cbCaiabvqKpddysn","pdf",125320,1,4,"English","en",105,"# Jobs challenge and structural transformation\n## Role of the State and limits of private solutions\n# Industrial policy and job creation\n## Institutional frameworks and development-fit macro-fiscal rules\n# Global shocks and policy prudence\n## Geopolitical conflicts, protectionism, and uncertainty management","[{\"question\":\"Why does the statement characterize the jobs challenge as structural rather than cyclical?\",\"answer\":\"It links job needs to demographic growth, rapid urbanization, and technological change, stressing that responses must match the challenge’s magnitude. The statement argues the issue requires structural, commensurate policy actions.\"},{\"question\":\"What limitations does the statement attribute to relying mainly on private solutions and PPPs?\",\"answer\":\"It notes that analytical confidence in liquidity and private capital may not deliver development outcomes reliably. Empirical experience highlights higher implementation risks, transaction costs, and contingent liabilities that can fall on governments.\"},{\"question\":\"What macro-fiscal approach does the statement recommend for supporting industrial policy and job creation?\",\"answer\":\"It calls for macro-fiscal rules that are disciplined yet fit for development—flexible, credible, and countercyclical—so states can invest, respond to shocks, and sustain medium-term productive strategies.\"}]",1784489409,10,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":27},"statement-by-he-edgar-amador-zamora-jobs-challenge-and-industrial-policy-in-the-113th-meeting-of-the-development-committee","",{"@graph":35,"@context":84},[36,52,67],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":21},"https://docshare.wps.com/document/statement-by-he-edgar-amador-zamora-jobs-challenge-and-industrial-policy-in-the-113th-meeting-of-the-development-committee/111275/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":23,"description":14,"dateModified":60,"datePublished":61,"encodingFormat":59,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":40,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-20","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"Why does the statement characterize the jobs challenge as structural rather than cyclical?","Question",{"text":74,"@type":75},"It links job needs to demographic growth, rapid urbanization, and technological change, stressing that responses must match the challenge’s magnitude. The statement argues the issue requires structural, commensurate policy actions.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What limitations does the statement attribute to relying mainly on private solutions and PPPs?",{"text":79,"@type":75},"It notes that analytical confidence in liquidity and private capital may not deliver development outcomes reliably. Empirical experience highlights higher implementation risks, transaction costs, and contingent liabilities that can fall on governments.",{"name":81,"@type":72,"acceptedAnswer":82},"What macro-fiscal approach does the statement recommend for supporting industrial policy and job creation?",{"text":83,"@type":75},"It calls for macro-fiscal rules that are disciplined yet fit for development—flexible, credible, and countercyclical—so states can invest, respond to shocks, and sustain medium-term productive strategies.","https://schema.org",{"og:url":51,"og:type":86,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,133],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":28,"doc_module":4,"doc_module_name":45,"category_name":131,"show_sort_weight":28,"slug":132},"Lifestyle","lifestyle",{"id":134,"doc_module":4,"doc_module_name":45,"category_name":135,"show_sort_weight":105,"slug":136},19,"General","general"]