[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109632-en":3,"doc-seo-109632-105":31,"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":30},109632,7971461740909,"Levi","https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d",8,"Research & Report","Statement by H.E. Gernot Blümel on behalf of Austria and other countries - 101st Meeting of the Development Committee","Statement delivered at the 101st Development Committee meeting in Washington, DC (virtual) on April 17, 2020 by H.E. Gernot Blümel, Austria, on behalf of multiple countries. It outlines the COVID-19 disruption to sustainable development, the World Bank Group’s fast and bold emergency response, and the need for rapid, flexible, transparent support focused on vulnerable groups. The statement emphasizes coordinated global action, strengthened trade and supply chains, and the roles of IFC, ILO, MIGA, and debt initiatives while maintaining financial sustainability.","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/2020-0010 April 17, 2020  \nStatement by  \nH.E. Gernot Blümel  \nMinister of Finance  \nAustria  \nOn behalf of Austria, Belarus, Belgium, Czech Republic, Hungary, Kosovo, Luxembourg, Slovakia, Slovenia and Turkey  \nStatement by  \nH.E. Gernot Blümel  \nMinister of Finance  \nAustria  \nOn behalf of Austria, Belarus, Belgium, Czech Republic, Hungary, Kosovo, Luxembourg, Slovakia, Slovenia and Turkey  \n101st Meeting of the Development Committee  \nApril 17, 2020  \nWashington, DC  \n(VIRTUAL)  \nThe coronavirus pandemic is disrupting our societies in ways that would have been hard to imagine just a few weeks ago. We are facing a global challenge that needs a collective response. This crisis affects all dimensions of sustainable development and tests the capacities of our public institutions to address such an unprecedented disaster. It challenges the World Bank Group (WBG) and the international community and puts at risk the achievement of the Twin Goals and the SDGs. The pandemic will likely lead to permanent shifts in political and economic conditions that will become apparent only later. But we need to ensure now that the response will make us stronger going forward; we can’t go back to the world as it was before.  \nThe World Bank Group Response to the COVID-19 Emergency  \nWe commend the WBG for having taken fast and bold action to reduce the spread of the COVID-19 virus and tackle immediate health and economic needs through the US$14 billion Fast Track COVID-19 Facility. In addition, we support the deployment of up to $160 billion over the next 15 months to help countries protect the poor and vulnerable, support businesses, and enable economic recovery. This programming should be rapid, flexible, and transparent but also based on countries’ needs, with a focus on the most vulnerable and marginalized groups.  \nMore than ever before, the tight cooperation and collective action of all actors is crucial to deliver effective and sustainable global solutions, to mitigate the impacts ofthe crisis and shorten the time to recovery. We commend the WBG not only for the internal coordination under these challenging conditions, but also for closely cooperating with the IMF, the WHO, UN agencies and other MDBs. But we should not lose sight of other important stakeholders on the ground such as bilateral agencies, the EU and INGO’s like ICRC.  \nBeyond the human tragedy, this outbreak will cause major economic and social impacts; markets are anticipating a severe recession accompanied by massive defaults, unemployment, and need for liquidity in many countries. Recovery will only be possible through coordinated global actions. As the virus spreads, the international community needs to strengthen global trade, avoid any trade wars and secure transnational supply chains for food and health supplies.  \nWe appreciate the strong IFC commitment and proposed engagements under the Fast Track COVID-19 Facility. IFC should help maintain trade flows and support the medium-term financing needs of companies to avoid bankruptcies due to liquidity constraints. IFC’s ability to limit job losses and create new opportunities will be crucial not only during the crisis but even more during the recovery period.  \nAccording to initial ILO’s estimations, almost 25 million people could lose their jobs due to the coronavirusinduced economic and labor crisis and the world will lose $860 billion to $3.4 trillion in labor income. The Bank should help countries to strengthen, restructure, and rebuild systems that guarantee adequate levels of health and unemployment insurance and social protection to as many people as possible.  \nThanks to the 2018 Capital Package and the ID","cbCaioyRHTpyctPQ","https://ap.wps.com/l/cbCaioyRHTpyctPQ","pdf",58721,3,1,4,"English","en",105,"# 101st Meeting of the Development Committee\n## Statement by H.E. Gernot Blümel\n## The coronavirus pandemic and global response\n## The World Bank Group Response to the COVID-19 Emergency\n## IFC commitments and job protection\n## Employment and social protection considerations\n## Capital position, crisis buffer, and lending flexibility\n## MIGA program and partnership directions\n## Looking ahead: lessons from past crises\n## WBG staff work conditions\n## The Covid-19 Debt Initiative","[{\"question\":\"Who delivered the statement and for which countries was it made?\",\"answer\":\"The statement was delivered by H.E. Gernot Blümel, Minister of Finance of Austria, on behalf of Austria, Belarus, Belgium, Czech Republic, Hungary, Kosovo, Luxembourg, Slovakia, Slovenia, and Turkey.\"},{\"question\":\"What key actions does the statement highlight in the World Bank Group’s COVID-19 response?\",\"answer\":\"It highlights fast and bold action to reduce virus spread and address immediate health and economic needs, including the Fast Track COVID-19 Facility and additional deployment to protect the poor and vulnerable, support businesses, and enable recovery.\"},{\"question\":\"Why does the statement stress coordination with other international institutions and stakeholders?\",\"answer\":\"It argues that tight cooperation among all actors is crucial to deliver effective and sustainable solutions, and it specifically points to coordination with the IMF, WHO, UN agencies, other MDBs, and stakeholders on the ground.\"}]","Statement by H.E. 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Gernot Blümel, Minister of Finance of Austria, on behalf of Austria, Belarus, Belgium, Czech Republic, Hungary, Kosovo, Luxembourg, Slovakia, Slovenia, and Turkey.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What key actions does the statement highlight in the World Bank Group’s COVID-19 response?",{"text":80,"@type":76},"It highlights fast and bold action to reduce virus spread and address immediate health and economic needs, including the Fast Track COVID-19 Facility and additional deployment to protect the poor and vulnerable, support businesses, and enable recovery.",{"name":82,"@type":73,"acceptedAnswer":83},"Why does the statement stress coordination with other international institutions and stakeholders?",{"text":84,"@type":76},"It argues that tight cooperation among all actors is crucial to deliver effective and sustainable solutions, and it specifically points to coordination with the IMF, WHO, UN agencies, other MDBs, and stakeholders on the ground.","https://schema.org",{"og:url":52,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,134],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":22,"doc_module":4,"doc_module_name":47,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":47,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":47,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":47,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":47,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":47,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":30,"doc_module":4,"doc_module_name":47,"category_name":132,"show_sort_weight":30,"slug":133},"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":47,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]