[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111761-en":3,"doc-seo-111761-105":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},111761,687197207057,"Sage","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Statement by H.E. Fernando Haddad - 110th Meeting of the Development Committee","Statement by H.E. Fernando Haddad (Minister of Finance, Brazil) on behalf of Brazil and other countries at the 110th Meeting of the Development Committee, addressing urgent needs created by overlapping global crises. It highlights World Bank institutional evolution, stalled poverty reduction, and the scale of hunger and food insecurity. The statement supports expanding social protection, knowledge leadership against hunger and poverty, and reforms to improve loan pricing. It also emphasizes IDA21 replenishment, resource allocation, and the effectiveness of Brazil’s social safety net policies.","Public Disclosure Authorized  \nPublic Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committeeof the  \nBoards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND TENTH MEETINGWASHINGTON,DC-OCTOBER 25,2024  \nDC/S/2024-0047  \nOctober 25,2024  \nStatement by  \nH.E.Fernando HaddadMinister of Finance  \nBrazil  \nOn behalf of Brazil,Colombia,Dominican Republic,Ecuador,Haiti,Panama,Philippines,Suriname,and Trinidad and Tobago  \nStatement by  \nH.E.Fernando HaddadMinister of Finance  \nBrazil  \non behalf of Brazil,Colombia,Dominican Republic,Ecuador,Haiti,Panama,Philippines,Suriname,and Trinidad and Tobago  \n# 110ᵗMeeting of the Development Committee\n\nOctober 25,2024  \nWashington,DC  \nIn response to the unprecedented needs arising from recent overlapping global crises,marked by persistentrisks,economic uncertainty,increased tensions,conflicts,and violence,the World Bank has committed toevolving into a larger and more effective institution.The Development Committee paper,“A Future-ReadyWorld Bank Group,\"encapsulates the institutional changes undertaken during the Bank's Evolution processand initiates a critical dialogue on the future direction the institution should pursue.Throughout this process,our constituency has consistently supported the collective efforts to make a bigger and better Bank.Oursupport has been driven by a firm belief that this course of action would greatly benefit low-and middle-income countries,as well as all nations globally,given that addressing global challenges serves the commoninterest of everyone.  \nThe World Bank Group has been instrumental in advancing policies aimed at eradicating poverty andenhancing prosperity,with a renewed emphasis on ensuring the planet's livability.The Bank's expandedambition to achieve broader socio-economic outcomes is a necessary response to the current globalchallenges.Most recent World Bank analysis,presented in the Report Poverty,Prosperity,and LivablePlanet”,shows that global poverty reduction has stalled,with 8.5%of people living in extreme poverty and44%living under $6.85 per day,and at the current pace,it will take decades to eradicate extreme povertyand over a century to raise incomes above this threshold.Last year,according to Food and AgricultureOrganization(FAO)of the United Nations,“The State of Food Security and Nutrition in the World 2024”,733 million people worldwide endured the physical and psychological anguish of hunger,underscoring theurgent need for consensus-building and the fight against misinformation to drive the social changesnecessary to eliminate poverty and hunger.  \nWe commend President Ajay Banga for the announced World Bank commitment,in collaboration withglobal partners,to scale up social protection programs to support at least 500 million of people in developingcountries by 2030,with a focus on ensuring that half of the beneficiaries are women and girls.Additionally,President Banga has declared that the World Bank Group will serve as the lead knowledge partner for theGlobal Alliance Against Hunger and Poverty,which was launched this year under the Brazilian presidencyof the G20.Through the International Development Association(IDA),President Banga has also committedto providing financing to support countries in implementing policy options presented by the Global Allianceand to hosting an Alliance's liaison personnel in Washington to assure coordination efforts.  \nWe are all in a mission to transform the World Bank into a larger and more effective institution,to increaseits ability to face global challenges,ensuring competitiveness in a multipolar world while maximizing thedevelopment impact of its financed interventions.To achieve this,the institution must adopt a strategicapproach to loan pricing that prioritizes addressing global challenges over the accumulation of net income.This entails aligning financial mechanisms with the overarching goal of sustainable developmen","cbCaiqyOiM1qmIVO","https://ap.wps.com/l/cbCaiqyOiM1qmIVO","pdf",568171,1,6,"English","en",105,"# 110th Meeting of the Development Committee\n## Context: overlapping global crises\n## World Bank evolution and future direction\n## Poverty and hunger challenges\n## Support for social protection and global alliances\n## Loan pricing and development impact\n## Brazil’s experience with social safety nets\n## IDA21 replenishment priorities","[{\"question\":\"What global challenges does the statement emphasize?\",\"answer\":\"It highlights persistent risks, economic uncertainty, increased tensions, conflicts, and violence creating unprecedented needs that require a more capable World Bank.\"},{\"question\":\"How does the statement describe the World Bank’s evolution and future direction?\",\"answer\":\"It says the World Bank has committed to evolving into a larger and more effective institution and seeks to initiate dialogue on the institution’s future direction.\"},{\"question\":\"What actions does the statement support regarding social protection and financing?\",\"answer\":\"It commends commitments to scale social protection programs, advance a lead knowledge role against hunger and poverty, and provide IDA financing to support implementation of policy options.\"}]",1784491603,15,{"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":86,"head_meta":88,"extra_data":90,"updated_unix":27},"statement-by-he-fernando-haddad-110th-meeting-of-the-development-committee","",{"@graph":35,"@context":85},[36,53,68],{"@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":52},"https://docshare.wps.com/document/statement-by-he-fernando-haddad-110th-meeting-of-the-development-committee/111761/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-20","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 global challenges does the statement emphasize?","Question",{"text":75,"@type":76},"It highlights persistent risks, economic uncertainty, increased tensions, conflicts, and violence creating unprecedented needs that require a more capable World Bank.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does the statement describe the World Bank’s evolution and future direction?",{"text":80,"@type":76},"It says the World Bank has committed to evolving into a larger and more effective institution and seeks to initiate dialogue on the institution’s future direction.",{"name":82,"@type":73,"acceptedAnswer":83},"What actions does the statement support regarding social protection and financing?",{"text":84,"@type":76},"It commends commitments to scale social protection programs, advance a lead knowledge role against hunger and poverty, and provide IDA financing to support implementation of policy 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