[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111677-en":3,"doc-seo-111677-105":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},111677,1374391975076,"Riley","https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051",8,"Research & Report","Statement by H.E. Gibril Ibrahim Mohammed - Minister of Finance and Economic Planning Republic of Sudan for Africa Group 1 Constituency - 108th Meeting of the Development Committee","Statement delivered by H.E. Gibril Ibrahim Mohammed, Minister of Finance and Economic Planning of the Republic of Sudan, on behalf of the Africa Group 1 Constituency at the 108th Meeting of the Development Committee. The remarks situate Africa’s development challenges in the 50 years since the IMF/WBG Annual Meetings in Nairobi, highlighting constraints from foreign exchange shortfalls, aid decline, rising external debt, conflict and food price pressures, shrinking fiscal space, and widening deficits. It emphasizes priorities for ending extreme poverty, investing in human capital, expanding access to energy and the internet, and addressing climate change through resilience and financing needs.","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 EIGHTH MEETING MARRAKECH, MOROCCO – OCTOBER 12, 2023  \nDC/S/2023-0041 October 12, 2023  \nStatement by  \nH.E. Gibril Ibrahim Mohammed  \nMinister of Finance and Economic Planning Republic of Sudan for Africa Group 1 Constituency  \nStatement by  \nH.E. Gibril Ibrahim Mohammed  \nMinister of Finance and Economic Planning  \nRepublic of Sudan  \nfor Africa Group 1 Constituency  \n108th Meeting of the Development Committee  \nOctober 12, 2023  \nMarrakech, Morocco  \nAs we convene on this occasion, we note that it has been 50 years since Africa hosted the IMF/WBG Annual Meetings in Nairobi, Kenya. In 1973, most African countries had been independent for less than 15 years and expectations arising from the partnership with the WBG, and the IMF were very high. In his address to the Board of Governors, Mr. Robert McNamara, the then President of the WBG, emphasized three interrelated difficulties that client countries were faced with to eliminate absolute poverty, namely, the insufficiency of foreign exchange earnings from trade; the inadequacy ofthe flow of Official Development Assistance; and the severe burden of rising external debt. These problems are as relevant today as they were then and resonate with the challenges identified in the current World Bank (WB)1 Evolution agenda. They further provide a great background for appreciating the opportunity offered by the Evolution Roadmap for the World Bank to significantly scale up its support, accelerate the economic transformation of the African Continent, and lift millions from extreme poverty.  \n1. We commend the work done by the Board of Directors and Management since the last Development Committee discussion on the WB Evolution during the 2023 Spring Meetings. This Statement is prepared at a time when the world is facing growing development challenges pervading the length and breadth of Sub-Saharan Africa (SSA) . A host of challenges – climate and natural disasters, food insecurity, the lingering effects of the pandemic, violence and conflict – have worsened the already existing macroeconomic imbalances. The Russian-Ukrainian conflict continues to contribute to the rise in food prices and our countries’ dependence on that region for fuel and grain imports is driving millions of people into food insecurity.  \n2. Compounding the above-mentioned challenges is the shrinking fiscal space that is undermining governments’ ability to fund development and social programs and accelerate economic recovery. This constrained fiscal environment exacerbates solvency issues, elevating the risk of debt defaults and credit downgrades. If unchecked, such challenges can undermine long-term economic stability and impede sustainable growth in the region. Moreover, access to foreign markets has been sharply curtailed and official development assistance has continued to decline. Fiscal deficits have continued to widen in most low-and middle-income countries with limited buffers, due to contraction in revenuesand expansion in spending, leading to increases in already high public borrowing. According to the WB, Africa’s external debt is now at an all-time high, with an average debt-to-GDP ratio hovering around 103% in 2021.  \n3. Sustainably ending extreme poverty and reducing inequality remain Africa’s key priorities. However, the frequent recurrence of multiple crises renders these twin goals and Sustainable Development Goals (SDGs) increasingly difficult to achieve. The region has more than 600 million people without access to affordable and stable energy, and an equal number with zero access to the internet. According to prepandemic data from the World Bank’s 2020 Human Capital Index (HCI), Africa already had the world’s lowest average human capital index, meaning tha","cbCaiscdwYP7GFef","https://ap.wps.com/l/cbCaiscdwYP7GFef","pdf",220873,1,7,"English","en",105,"# Development context and lessons from the past 50 years\n## Current constraints: poverty drivers and debt challenges\n# Contemporary development pressures in Sub-Saharan Africa\n## Conflict, food insecurity, and macroeconomic imbalances\n# Fiscal space and access to external financing\n## Solvency risks and aid decline\n# Human capital and shared development priorities\n## Education, learning losses, and equity goals\n# Climate change as an existential threat\n## Financing gaps and resilience actions","[{\"question\":\"What major development challenges does the statement highlight for Africa today?\",\"answer\":\"The statement highlights foreign exchange shortages, inadequate official development assistance, rising external debt, climate and natural disasters, food insecurity, conflict and violence, and pandemic-related effects that have worsened macroeconomic imbalances.\"},{\"question\":\"How does the statement describe the impact of shrinking fiscal space?\",\"answer\":\"It notes that reduced fiscal space limits governments’ ability to fund development and social programs, increases risks of debt defaults and credit downgrades, and contributes to widening fiscal deficits through contracting revenues and expanding spending.\"},{\"question\":\"What priorities are emphasized for ending extreme poverty and reducing inequality?\",\"answer\":\"The statement emphasizes ending extreme poverty sustainably and reducing inequality while noting that recurring crises make SDG progress difficult; it also stresses investing in human capital and improving access to energy and the internet.\"}]",1784491210,18,{"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-gibril-ibrahim-mohammed-minister-of-finance-and-economic-planning-republic-of-sudan-for-africa-group-1-constituency-108th-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-gibril-ibrahim-mohammed-minister-of-finance-and-economic-planning-republic-of-sudan-for-africa-group-1-constituency-108th-meeting-of-the-development-committee/111677/",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 major development challenges does the statement highlight for Africa today?","Question",{"text":75,"@type":76},"The statement highlights foreign exchange shortages, inadequate official development assistance, rising external debt, climate and natural disasters, food insecurity, conflict and violence, and pandemic-related effects that have worsened macroeconomic imbalances.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does the statement describe the impact of shrinking fiscal space?",{"text":80,"@type":76},"It notes that reduced fiscal space limits governments’ ability to fund development and social programs, increases risks of debt defaults and credit downgrades, and contributes to widening fiscal deficits through contracting revenues and expanding spending.",{"name":82,"@type":73,"acceptedAnswer":83},"What priorities are emphasized for ending extreme poverty and reducing inequality?",{"text":84,"@type":76},"The statement emphasizes ending extreme poverty sustainably and reducing inequality while noting that recurring crises make SDG progress difficult; 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