[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110810-en":3,"doc-seo-110810-105":28,"detail-sidebar-cat-0-en-105":88},{"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":11},110810,1374391974468,"Eden","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Statement by H.E Gerd Müller - 103rd Meeting of the Development Committee - April 9, 2021","Statement by H.E Gerd Müller at the 103rd Meeting of the Development Committee on April 9, 2021 (virtual) addresses the COVID-19 polypandemic and its simultaneous health, economic, hunger, and poverty crises, warning that development gains risk reversal. It highlights the World Bank’s opportunity to use crisis-management and recovery resources to fund targeted sustainable development aligned with the 2030 Agenda and the Paris Agreement, including green, resilient, and inclusive development, debt and fiscal support, and accelerated climate-related reforms.","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)  \n### ONE HUNDRED AND THIRD MEETINGWASHINGTON,DC-APRIL9,2021(VIRTUAL)\n\n# Statement by\n\n### H.E Gerd Müller\n\nFederal Minister for Economic Cooperationand Development  \n# Germany\n\nDC/S/2021-0033  \nApril 9,2021  \n## Statement by\n\nH.E.Gerd MüllerFederal Minister for Economic Cooperation and Development  \n## Germany\n\n103rd Meeting of the Development Committee  \nApril 9,2021  \nWashington,DC  \n(VIRTUAL)  \nIn 2020,we witnessed how the COVID-19 pandemic turned into a polypandemic.The health crisis has notonly led us into a deep economic crisis but also into a hunger and poverty crisis.Years of developmentprogress could be reversed.Developing countries and emerging economies are hardest hit.  \nThe World Bank's response was quick and appropriate.This provides a huge opportunity to use theimmense resources made available for acute crisis management and long-term recovery to fund targetedinvestment in sustainable development.We need to set the stage for that investment at these SpringMeetings.Our crisis response must make a substantial contribution to meeting the global challenges;weneed to Recover Forward.The 2030 Agenda for Sustainable Development and the Paris Agreement shouldserve as a compass in all that.  \nThis is about combating the polypandemic with concrete measures,mitigating its social and economicimpact,in particular in developing countries and emerging economies,and improving the fiscal and debtsituation of these countries.Above all,we need to enable investment that promotes green,resilient andinclusive development.  \n## We need a sustainable and comprehensive response to the surge in funding needs and increasing debt levels.The G20 Common Framework for the poorest countries must be implemented as quickly as possible.Therole of the Bank is,in particular,to provide reliable forecasts together with the International Monetary Fundas a basis for designing robust reforms and,where necessary,debt relief.Aligning the economic and fiscalpolicies of applicant countries with the 2030 Agenda and the Paris Agreement is especially important.Inaddition,we expect the Bank to present convincing proposals for countries with higher income as well.TheBank can and must ensure that climate-and nature-damaging subsidies amounting to 500 billion US dollarsare finally dismantled and that funds are instead invested in sustainable development.\n\nIt is increasingly clear that we will either beat COVID-19 worldwide or not at all.Ensuring that alpeople are offered a vaccine,medication and tests is an imperative of worldwide solidarity-and it is alsothe only way to prevent the emergence and spread of dangerous virus variants.The best way forward isthrough the global initiative Access to COVID-19 Tools Accelerator,for which Germany is making some  \n2.2 billion euros available for 2021 and 2022.This willbenefit,in particular,the multilateral platformCOVAX.It must be our common goal to increase the share of vaccines made available under COVAX andthe production of vaccines in the poorest countries as quickly as possible.  \nIn the long term,we need to strive for smart and sustainable investment to ensure that we do not end upwith a lost decade of sustainable development:we need Green.Inclusive and Resilient Development(GRID).The Bank needs to define clear criteria for assessing the transformative impact of the GRIDapproach in country strategies and projects,and it also needs to provide the right internal incentives.Lastbut not least,I expect the Bank to establish a monitoring system to prove the impact of its actions.  \n# The proposal made by the Bank to link the two agendas on development and climate is consistent andcoherent.Concrete and ambitious goals will now have to be defined;in particular the Bank's operationsneed to be aligned with ","cbCaiqDKrIQQpEPZ","https://ap.wps.com/l/cbCaiqDKrIQQpEPZ","pdf",378756,1,3,"English","en",105,"# Statement by H.E Gerd Müller\n## COVID-19 polypandemic, recovery, and investment priorities\n## Debt, reforms, and the G20 Common Framework\n## Access to COVID-19 Tools Accelerator and COVAX\n## Green, Inclusive and Resilient Development (GRID)\n## Linking development and climate agendas","[{\"question\":\"Why does the statement emphasize a “Recover Forward” approach?\",\"answer\":\"It argues that crisis response must contribute to meeting global challenges by using resources for both acute crisis management and long-term recovery to fund targeted sustainable development.\"},{\"question\":\"What is proposed regarding debt relief and global frameworks for the poorest countries?\",\"answer\":\"The statement calls for implementing the G20 Common Framework as quickly as possible and for the Bank, alongside the IMF, to provide reliable forecasts to design robust reforms and, where necessary, debt relief.\"},{\"question\":\"How does the statement connect COVID-19 response with development goals?\",\"answer\":\"It stresses worldwide solidarity by ensuring access to vaccines, medication, and tests, and points to the Access to COVID-19 Tools Accelerator to increase COVAX vaccine shares and expand production in the poorest 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