[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111372-en":3,"doc-seo-111372-105":29,"detail-sidebar-cat-0-en-105":90},{"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":28},111372,549758252649,"Ivy","https://ap-avatar.wpscdn.com/avatar/8000253669c5317157?_k=1778319167496531819",8,"Research & Report","Statement by H.E. Katsunobu Kato - 111th Meeting of the Development Committee - April 24, 2025","Statement by H.E. Katsunobu Kato, Minister of Finance of Japan, delivered at the 111th Meeting of the Development Committee on April 24, 2025 in Washington, DC. It addresses how geopolitical crises and rising uncertainty affect developing countries’ long-term development agenda, highlighting priorities aligned with IDA21. Japan outlines expectations for the World Bank Group, including support for Ukraine’s recovery through specific financing and trust fund contributions, and discusses WBG evolution with an emphasis on jobs, sector focus, private capital mobilization, partnership frameworks, and strengthening domestic tax systems and resource mobilization.","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 ELEVENTH MEETING WASHINGTON, DC – APRIL 24, 2025  \nDC/S/2025-0011 April 24, 2025  \nStatement by  \nH.E. Katsunobu Kato Minister of Finance  \nJapan  \nStatement by  \nH.E. Katsunobu Kato  \nMinister of Finance  \nJapan  \n111th Meeting of the Development Committee  \nApril 24, 2025  \nWashington, DC  \n1. Introduction  \nThe world is facing geopolitical crises, such as Russia’s aggression against Ukraine and the conflict in the Middle East. As global economic uncertainty rises, developing countries face the challenge of addressing the long-term development agenda, including widening inequality, debt, global health, and natural disasters.  \nAgainst this backdrop, advancing the development agenda through multilateralism is more important than ever. Japan extends its congratulations on the successful conclusion of the 21st replenishment of the International Development Association (IDA21) last December. Japan commends the fact that IDA21’s priority areas align with Japan’s key development agenda items such as global health, resilience to natural disasters, and debt transparency and sustainability. Taking these into account, and despite our fiscal challenges, Japan pledged the contribution of JPY 425.7 billion (around $2.8 billion) to IDA21 . We are pleased to announce that our law for IDA21 was approved on April 11. We call on other donors to promptly complete the domestic procedures required to deliver their contributions to IDA21 in accordance with their respective pledges.  \nJapan hereby states its expectations for the WBG, which plays a critical role in addressing the challenges developing countries face, and our contributions to the WBG in the following areas.  \n2. Support for Ukraine  \nRussia’s prolonged aggression against Ukraine for over three years has caused extensive damage in Ukraine, and that brings about a source of the uncertainties over the global economic outlook. We call for an immediate end of this Russia’s illegal aggression against Ukraine  \n.  \nJapan commends the Ukrainian Government for its proactive engagement on reforms and for maintaining macroeconomic stability, despite the hostile conditions under which the war continues and welcomes the completion of the IMF's seventh review under the Extended Fund Facility.  \nJapan contributes to supporting Ukraine through providing Ukraine with a yen loan of 471.9 billion yen through a World Bank Financial Intermediary Fund, under the Extraordinary Revenue Acceleration (ERA) Loan initiative for Ukraine, which was agreed by the G7 Leaders last year and is to be repaid by future flows of extraordinary revenues stemming from immobilized Russian sovereign assets. In addition, Japan is providing $500 million of credit enhancement to the International Bank for Reconstruction and Development (IBRD) loans as bilateral assistance in 2025. We welcome the World Bank’s approval of the transport-sector project as the first in this regard.  \nJapan welcomes the release of the fourth Rapid Damage and Needs Assessment (RDNA4) conducted by the WBG in cooperation with the Government of Ukraine. In addition to the public funds themselves, private capital mobilization catalyzed by these public funds is essential to meet the enormous size of recovery and reconstruction needs. In light of recent circumstances, Japan has made an additional contribution of $10 million to the “Support for Ukraine’s Reconstruction and Economy”(SURE) Trust  \nFund established at the Multilateral Investment Guarantee Agency (MIGA), to which Japan has been contributing as a first donor, bringing our total contribution to $46 million.  \n3. WBG Evolution  \nJapan highly commends the progress thus far in the WBG Evolution. We especially support the WBG’s focus on jobs as a path out o","cbCaio9Yj3cY0peV","https://ap.wps.com/l/cbCaio9Yj3cY0peV","pdf",174688,1,5,"English","en",105,"# Introduction\n## Support for Ukraine\n## WBG Evolution","[{\"question\":\"What major global challenges does the statement highlight for developing countries?\",\"answer\":\"It points to geopolitical crises such as Russia’s aggression against Ukraine and conflict in the Middle East, and notes growing economic uncertainty alongside issues like inequality, debt, global health, and natural disasters.\"},{\"question\":\"How does Japan plan to support Ukraine through the World Bank Group?\",\"answer\":\"It describes a yen loan to Ukraine via a World Bank Financial Intermediary Fund under the ERA Loan initiative, credit enhancement for IBRD loans, support through RDNA4-related efforts, and an additional contribution to the SURE Trust Fund for reconstruction and economic recovery.\"},{\"question\":\"What expectations does Japan express regarding WBG evolution and priorities?\",\"answer\":\"Japan commends progress under WBG Evolution, supports a focus on jobs and particular sectors, encourages greater IFC and MIGA roles for private-sector development, and stresses cooperation with other institutions plus strengthened domestic tax systems to improve resource 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