[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109843-en":3,"doc-seo-109843-105":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},109843,962075114765,"Quinn","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","Statement by H.E. Kun Liu, Minister of Finance on behalf of the People’s Republic of China - 101st Meeting of the Development Committee - April 17, 2020","Statement delivered by H.E. Kun Liu, Minister of Finance of the People’s Republic of China, for the 101st meeting of the Development Committee (virtual, April 17, 2020). It addresses the COVID-19 crisis and calls on the World Bank Group to mount an ambitious, multilateral response by strengthening coordination, supporting all client countries through the Twin Goals, and combining additional financing with knowledge sharing. It also outlines China’s position on reducing low-income country debt vulnerabilities and key principles for debt service suspension, emphasizing collective action and prompt implementation.","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/2020-0032 April 17, 2020  \nStatement by  \nH.E. Kun Liu Minister of Finance  \non behalf of  \nThe People’s Republic of China  \nStatement by  \nH.E. Kun Liu  \nMinister of Finance  \non behalf of  \nThe People’s Republic of China  \n101st Meeting of the Development Committee  \nApril 17, 2020  \nWashington, DC  \n(VIRTUAL)  \nThe COVID-19 outbreak is spreading worldwide, posing formidable challenges to global public health security, and severely impacting the world economic and social development. The situation is disturbing and unsettling. We are all in this together in fighting the COVID-19. As one of the most important multilateral institutions in the world, WBG should implement its missions and make best use of its comparative advantages to play an active and ambitious role in the response to the COVID-19 outbreak.  \nI. WBG should promote multilateral cooperation to form a joint response to the impact from the COVID-19 outbreak  \nWe support WBG’s effort to mount a financing response to the COVID-19 emergency. We look forward to the effective implementation by WBG of the consensus reached at the Extraordinary G20 Leaders’ Summit, while giving full play to its financial and knowledge advantages and to support all countries in need using all instruments to the fullest extent so as to reduce the COVID-19’s damages to global health, economy and societies.  \nThe first is to persist in advancing multilateral coordination and cooperation. At such a moment, it is imperative for the international community to strengthen confidence, act with unity and work together ina collective response. WBG should actively encourage its member countries to work together to promote multilateral cooperation, oppose politicizing and stigmatizing COVID-19, foster strong synergy and join hands to win this battle between humankind and the widespread infectious disease. At the same time, WBG should help its member countries strengthen coordination of international macroeconomic policies, reduce tariffs, remove barriers, facilitate the unfettered flow of international trade, fight against protectionism and unilateralism, and call for ensuring the stability of global supply chains and international movement of goods, especially necessities such as medical supplies and PPEs and food to stabilize global market supply.  \nThe second is to persist in serving all clients. The COVID-19 outbreak has brought serious challenges to countries across the income spectrum. WBG should adhere to its Twin Goals of \"ending extreme poverty and promoting shared prosperity\" and principle of serving all to provide bespoke support programs according to specific national circumstances, challenges and needs of each country. Low-income countries are particularly vulnerable in front of the COVID-19 outbreak and thus need increased financial support. Emerging markets and higher-income countries play an important role in driving global economic growth. WBG should focus on how to support these economies in achieving economic recovery and growth, thereby creating a favorable external environment for the growth in low-income countries.  \nThe third is to persist in combining increased financial support with knowledge and experience sharing. WBG should actively take counter-cyclical measures to further tap its potential to mobilize additional financial support, expand lending and investments, support trade and supply chain financing and  \nprivate investment and help developing countries promote foreign investment and increase exports so as to create conditions for economic recovery. At the same time, as a knowledge bank, WBG should advocate scientific attitude and professionalism, promote knowl","cbCaihnfCNdF1wHJ","https://ap.wps.com/l/cbCaihnfCNdF1wHJ","pdf",80910,3,1,4,"English","en",105,"# Overview and COVID-19 response priorities\n## Multilateral cooperation\n## Serving all clients\n## Financing plus knowledge and experience sharing\n# Debt vulnerabilities and debt service suspension principles\n## Collective action by creditors\n## Timely response","[{\"question\":\"What does the statement ask the World Bank Group to do in response to COVID-19?\",\"answer\":\"It calls for an active and ambitious response that supports multilateral cooperation, serves all clients with tailored programs, and combines increased financing with knowledge and experience sharing.\"},{\"question\":\"How does the statement describe the need for multilateral coordination and unity?\",\"answer\":\"It emphasizes that the international community should strengthen confidence, act with unity, and work together through a collective response, including opposing politicization and stigma.\"},{\"question\":\"What principles does China highlight for suspending debt service payments for low-income countries?\",\"answer\":\"China proposes following three principles, including collective action by all creditor types and quick response to address urgent vulnerabilities created by the outbreak.\"}]","Statement by H.E. 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