[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110097-en":3,"doc-seo-110097-105":30,"detail-sidebar-cat-0-en-105":92},{"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":20,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},110097,1099513958762,"Logic","https://ap-avatar.wpscdn.com/avatar/1000023916a998db790?x-image-process=image/resize,m_fixed,w_180,h_180&k=1784791008015729253",8,"Research & Report","Statement by H.E. Jibreel Ibrahim Mohammed - 107th Meeting of the Development Committee - April 12, 2023","The statement presents H.E. Jibreel Ibrahim Mohammed, Minister of Finance and Economic Planning of the Republic of Sudan, addressing the Development Committee’s 107th meeting on April 12, 2023 in Washington, DC. It highlights how overlapping global crises—pandemic effects, natural disasters, food insecurity, violence and conflict, and the war in Ukraine—have strained African fiscal space, increased borrowing, and worsened debt burdens. It emphasizes the difficulty of achieving the SDGs and reducing extreme poverty amid multidimensional deprivations. It also frames climate change as an existential development threat, calling for stronger climate adaptation financing, support for the Loss and Damage Fund outcome of COP27, and strategic leadership from the World Bank Group.","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 SEVENTH MEETING WASHINGTON, DC – APRIL 12, 2023  \nDC/S/2023-0007 April 12, 2023  \nStatement by  \nH.E. Jibreel Ibrahim Mohammed  \nMinister of Finance and Economic Planning Republic of Sudan For Africa Group 1 Constituency  \nStatement by  \nH.E. Jibreel Ibrahim Mohammed  \nMinister of Finance and Economic Planning  \nRepublic of Sudan  \nFor Africa Group 1 Constituency  \n107th Meeting of the Development Committee  \nApril 12, 2023  \nWashington, DC  \n1. I am pleased to present this Statement at a time when the world is facing multiple and overlapping crises threatening to further undo decades of hard-won development gains. Three years into the major worldwide pandemic, these intertwined crises have had devastating effects on many economies that were already grappling with significant macroeconomic distress. Africa, especially Sub-Saharan Africa (SSA), has not been spared from the impact of these numerous global challenges. While still recovering from the effects of the COVID-19 pandemic, a plethora of challenges– natural disasters, food insecurity, violence and conflict, such as the conflicts in the Sahel and the war in Ukraine–have exacerbated the already existing macroeconomic dilemma. Consequently, the fiscal space in most African countries has been eroded by increased spending to address these crises, thereby undermining governments’ ability to fund public investment programs and accelerate economic recovery. These unplanned outlays have led to an unsustainable rise in borrowing and related debt service costs, thereby worsening the already soaring debt. According to the World Bank’s latest International Debt Report (2021), SSA’s long-term external debt stock was estimated at US$636 billion at the end of 2021, with an average debt-to-GDP ratio hovering around 103% . Sadly, the slow economic recovery is also amplifying other macroeconomic imbalances, exposing large segments of the African population to vulnerability and entrenched poverty.  \n2. Ending extreme poverty and reducing inequality remain Africa’s key priorities; however, frequent recurrence of multiple crises renders these twin goals increasingly difficult to achieve. This further complicates the pursuit of the United Nations’ Sustainable Development Goals (SDGs), particularly the eradication of extreme poverty, which is concentrated in SSA. Globally, progress towards achieving the SDGs was encouraging before the pandemic, with extreme poverty continued to decline. Nonetheless, SSA has remained a laggard, as no country in the region reported to be on track to achieve 13 of the 17 SDGs, with the majority being completely off track for most of the SDGs. Moreover, the region is facing multidimensional deprivations: over 600 million people without access to affordable and stable energy, approximately 278 million facing chronic hunger, upwards of 353 million without access to safe drinking water, a staggering 864 million without access to basic internet, and more than 431 million living in extreme poverty. The region is also projected to account for more than half of the global population increase by  \n2050. It is worth noting that the success of the countries that have reduced extreme poverty in the past decade has been enabled by significant economic growth. Hence the World Bank Group (WBG) evolution process should yield measures that would support Africa to achieve and sustain high growth essential for course correcting path to ending extreme poverty and reducing inequality by 2030. Nowhere in the world will the success in ending extreme poverty be reflected than in the progress made in SSA.  \n3. Climate change poses an existential threat to Africa’s development, impacting the most vulnerable and contributing to food insecurity, d","cbCaifCuTmWfUv4m","https://ap.wps.com/l/cbCaifCuTmWfUv4m","pdf",170145,5,1,"English","en",105,"# Development context and macroeconomic pressures\n## Overlapping crises and debt sustainability\n# SDG priorities and poverty reduction constraints\n## Deprivations across Sub-Saharan Africa\n# Climate change impacts and financing needs\n## Loss and Damage Fund and adaptation finance","[{\"question\":\"What main challenges are described as undermining development gains in Africa?\",\"answer\":\"The statement describes overlapping crises including the post-pandemic economic fallout, natural disasters, food insecurity, violence and conflict (including the Sahel conflicts), and the war in Ukraine, which together erode fiscal space and worsen macroeconomic conditions.\"},{\"question\":\"Why does the statement argue that achieving the SDGs and reducing extreme poverty is increasingly difficult?\",\"answer\":\"It notes that frequent recurrence of multiple crises makes progress harder, especially for Sub-Saharan Africa, where extreme poverty and other multidimensional deprivations remain widespread and most countries are off track for many SDG targets.\"},{\"question\":\"What climate-finance actions does the statement call for?\",\"answer\":\"It calls for closing the climate adaptation financing gap, strengthening food systems, supporting the COP27 outcome establishing the “Loss and Damage Fund,” and urging the World Bank Group to champion thought leadership to mobilize and scale climate adaptation financing.\"}]","Statement by H.E. 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