[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111294-en":3,"doc-seo-111294-105":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":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},111294,3848291630094,"Emma Wilson","https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45",8,"Research & Report","Statement by H.E. Enoch Godongwana - 113th Meeting of the Development Committee - April 16, 2026","Statement delivered by H.E. Enoch Godongwana, Minister of Finance of South Africa, on behalf of the Angola, Nigeria and South Africa constituency at the 113th Development Committee meeting on April 16, 2026. The statement highlights the widening economic damage from conflicts and violence, increased uncertainty, commodity and trade-route disruptions, and tighter financial conditions affecting Sub-Saharan Africa. It calls for coordinated multilateral responses, faster and simplified World Bank Group delivery, institutional reforms, and scaled infrastructure, energy, logistics, and digital connectivity to support jobs and structural transformation.","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/2026-0025 April 16, 2026  \nStatement by  \nH.E. Enoch Godongwana  \nMinister of Finance  \nSouth Africa  \nOn behalf of the Constituency of Angola, Nigeria and South Africa  \nStatement by  \nH.E. Enoch Godongwana  \nMinister of Finance  \nSouth Africa  \nOn behalf of the Constituency of Angola, Nigeria and South Africa  \n113th Meeting of the Development Committee  \nApril 16, 2026  \nWashington, DC  \nGlobal and Regional Economic Context  \nThe Angola, Nigeria and South Africa Constituency is deeply concerned over the escalation of conflictsand increasing violence around the world. We stand in solidarity with countries affected by ongoing wars, particularly in the Middle East. These developments continue to negatively weigh on global economic growth through heightened uncertainty, increased oil and gas, and fertilizer prices. Also concerning is the increased volatility in commodity prices and the disruption of trade routes affecting supply chains, tourism and the movement of people. Cessation of hostilities and free flow of goods and service remains our priority.  \nEmerging Markets and Developing Economies (EMDEs), especially those in Sub-Saharan Africa (SSA), are disproportionately affected by tighter financial conditions and renewed capital outflows. These shocks are threatening the resilience of SSA growth and, in some economies, are compounding pre-existing structural constraints. Sovereign debt vulnerabilities are intensifying in low-income countries (LICs) and are more pronounced in SSA LICs.  \nDomestic policy responses to these shocks alone may prove to be insufficient largely because conventional policy tools are not equipped to handle simultaneous supply and demand disturbances. For many African economies, fiscal space is constrained. At the same time, project implementation and private investment flows are being disrupted, underscoring the urgency of adaptive and well-sequenced development responses. For SSA, the challenge is not only one of stabilizing its macroeconomic position, but also of safeguarding long-term hard-won development gains.  \nThe World Bank Group and International Organizations’(IOs) Response to Client Country Needs for Impactful Development Outcomes  \nWe acknowledge the joint statement released by the International Energy (IEA) Agency, International Monetary Fund (IMF), and World Bank Group (WBG) on 1st of April, outlining the three institutions’response to the energy and economic impacts ofthe war in the Middle East.  \nIn these shock-prone times, we have come to know that global economic, financial, trade and health shocks do not respect borders and demand coordinated, cross‑institutional responses. Close collaboration among multilateral banks, the IMF, central banks, and standard‑setting bodies are essential to contain contagion, restore confidence, and mobilize liquidity at scale. A rules‑based international financial system provides the predictability and trust needed for such cooperation to work effectively under stress.  \nWe appreciate efforts by the WBG in enhancing its responsiveness and agility in the face of overlapping crises including the Global Crisis Response Framework and the Crisis Preparedness and Response Toolkit. We encourage Management to continue operationalizing recent reforms in ways that deliver  \ntangible results at country level, including faster disbursement, simplified procedures, and stronger alignment with country-owned development strategies.  \nWe strongly support the WBG’s emphasis on internal institutional reforms as a foundation for accelerating progress toward the institution's twin mission. In this regard, progress on the revamped Country Partnership Framework (CPF) approac","cbCaisfbJgOeqJ46","https://ap.wps.com/l/cbCaisfbJgOeqJ46","pdf",139887,1,5,"English","en",105,"# Global and Regional Economic Context\n## Emerging markets and developing economies (EMDEs)\n## Implications for sovereign debt and fiscal space\n# World Bank Group and International Organizations’ Response\n## Coordination across institutions and liquidity mobilization\n## World Bank Group reforms, CPF, and operational improvements\n# More and Better Jobs and Structural Transformation\n## Enabling regulatory environment and job agenda\n## Jobs Scorecard and country partnership frameworks","[{\"question\":\"What main global economic concerns does the constituency raise?\",\"answer\":\"It emphasizes escalating conflicts and violence that increase uncertainty, raise oil and gas and fertilizer prices, and disrupt trade routes and commodity markets, weighing on global growth.\"},{\"question\":\"Why does the statement stress coordinated cross-institutional responses?\",\"answer\":\"Because supply and demand shocks occur simultaneously and spill across borders, requiring collaboration among multilateral banks, the IMF, central banks, and standard-setting bodies to contain contagion and restore confidence.\"},{\"question\":\"What actions does the statement ask the World Bank Group to accelerate?\",\"answer\":\"It calls for faster and scaled-up operations, simplified procedures, stronger alignment with country-owned strategies, institutionalization of reforms across regions, and expanded support in infrastructure, energy, logistics, and digital 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main global economic concerns does the constituency raise?","Question",{"text":74,"@type":75},"It emphasizes escalating conflicts and violence that increase uncertainty, raise oil and gas and fertilizer prices, and disrupt trade routes and commodity markets, weighing on global growth.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"Why does the statement stress coordinated cross-institutional responses?",{"text":79,"@type":75},"Because supply and demand shocks occur simultaneously and spill across borders, requiring collaboration among multilateral banks, the IMF, central banks, and standard-setting bodies to contain contagion and restore confidence.",{"name":81,"@type":72,"acceptedAnswer":82},"What actions does the statement ask the World Bank Group to accelerate?",{"text":83,"@type":75},"It calls for faster and scaled-up operations, simplified procedures, stronger alignment with country-owned strategies, institutionalization of reforms across regions, and expanded support in 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