[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109670-en":3,"doc-seo-109670-105":31,"detail-sidebar-cat-0-en-105":93},{"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},109670,13056703019404,"Miles","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Statement by H.E. Kun Liu, Minister of Finance of the People’s Republic of China - 102nd Virtual Meeting of the Development Committee - October 16, 2020","A statement by H.E. Kun Liu, Minister of Finance of the People’s Republic of China, presented on behalf of China at the 102nd (virtual) meeting of the World Bank Group Development Committee on October 16, 2020. It assesses the continuing global impacts of COVID-19 and calls for stronger, coordinated international actions, including financial resource mobilization and enhanced knowledge sharing. The statement also urges implementation of the G20 Debt Service Suspension Initiative with fair burden-sharing, constructive participation by the World Bank Group, technical support, and practical approaches to debt transparency.","Public Diclosure Authorized  \nPublic Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committeeof the  \nBoards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND TWO MEETINGWASHINGTON,DC-OCTOBER16,2020(VIRTUAL)  \nStatement by  \nH.E.Kun LiuMinister of Finance  \non behalf of  \nPeople's Republic of China  \nDC/S/2020-0055  \nOctober 16,2020  \nStatement by  \nH.E.Kun LiuMinister of Finance  \non behalf of  \nPeople's Republic of China  \n102nd Meeting of the Development Committee  \nOctober 16,2020  \nWashington,DC  \n(VIRTUAL)  \nThe international community is making great efforts fighting the COVID-19.We appreciate therapid and effective response made by the World Bank Group(WBG).However,COVID-19 is still ragingin many parts of the world and some countries are seeing a rebound of the virus and even a looming secondwave.The world economy is facing a high degree of uncertainty,and countries are facing more complexdevelopment environment and challenges.As a multilateral development institution with important globalinfluence,the WBG should keep adhering to its development mandate,strengthen coordinated internationalactions against COVID-19,plan for the post-COVID-19 era,and work in a more forward-looking andinnovative way to actively promote the Twin Goals of ending extreme poverty and promoting sharedprosperity.We would like to see the WBG playing an even greater role in the following areas:  \n# I.Give full play to the WBG's comparative strengths and continue promoting internationalcooperation in fighting COVID-19\n\nThe WBG should continue taking advantage of its comparative strengths in multilateralcoordination and mobilization of financial resources,and as a knowledge bank and a convening platform,to help developing countries respond to COVID-19 and realize economic recovery.  \nFirst,promote coordinated international actions.The WBG should strengthen its collaborationwith other Multilateral Development Banks(MDBs)as well as related international organizations such asWorld Health Organization to provide more support to developing countries.Meanwhile,the WBG shouldplay an active role in guiding international policy discussions,supporting multilateralism,opposingunilateralism and protectionism,safeguarding the rules-based multilateral trading system,facilitating anearly recovery of global industrial and supply chains and creating a favorable external environment foreconomic growth of developing countries.  \nSecond,increase efforts to mobilize financial resources.Facing huge financial needs,the WBG  \nshould innovatively explore all possible options to enhance its financial strength in order to provide newand additional financial support to its client countries.Building on its existing commitment to extend US$160 billion funding by June 2021,the WBG should further explore options to optimize its balance sheetand exploit its financial potentials,including by lowering its equity/loan ratio as appropriate.  \nThird,enhance COVID-19 knowledge sharing.The WBG should place more emphasis onplaying its role as a knowledge platform,summarizing in a timely manner the good practices of variouscountries in addressing COVID-19 epidemic and promoting policy exchanges so as to increase theeffectiveness of the global COVID-19 response.  \n# II.Implement the G20 Debt Service Suspension Initiative(DSSI)to reduce the debt vulnerability ofpoor countries\n\nDebt service suspension should follow the principles of collective action and fair burden-sharing.We look forward to the WBG playing an even more constructive role in the following areas as an importantparticipant in the Initiative:  \nFirst,actively explore new ways to participate in the DSSI.The lack of participation ofmultilateral and private creditors is a major factor that prevents DSSI from achieving its full effect.In linewith the G20 and Development Committee requests,the WBG should continue to further explore optionsfor participat","cbCaij5561lWgGGV","https://ap.wps.com/l/cbCaij5561lWgGGV","pdf",502332,6,1,5,"English","en",105,"# I. Strengthen WBG comparative advantages and promote international cooperation against COVID-19\n## Continue coordinated international actions\n## Increase efforts to mobilize financial resources\n## Enhance COVID-19 knowledge sharing\n# II. Implement the G20 Debt Service Suspension Initiative (DSSI)\n## Reduce debt vulnerability of poor countries\n## Explore new ways to participate in DSSI\n## Provide technical support for DSSI implementation\n## Address debt transparency in an objective, practical manner","[{\"question\":\"What global problem does the statement emphasize at the time of the 102nd virtual Development Committee meeting?\",\"answer\":\"It highlights that COVID-19 is still widespread, with rebounds and potential second waves, creating high uncertainty for the world economy and more complex development challenges for countries.\"},{\"question\":\"What role does the statement ask the World Bank Group to play in fighting COVID-19?\",\"answer\":\"It calls on the WBG to leverage its strengths in multilateral coordination and financing mobilization, act as a knowledge bank and convening platform, strengthen policy dialogue, and support an early recovery of global industrial and supply chains.\"},{\"question\":\"How does the statement propose implementing the G20 Debt Service Suspension Initiative (DSSI)?\",\"answer\":\"It stresses collective action and fair burden-sharing, encourages new WBG participation approaches while ensuring financial sustainability, calls for technical support with liquidity analysis, and advises handling debt transparency practically without excessive reporting burdens.\"}]","Statement by H.E. Kun Liu, Minister of Finance of the People’s Republic of China - 102nd Virtual Meeting of the Development Committee - October 16, 2020 | PDF",1784481826,13,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":88,"head_meta":90,"extra_data":92,"updated_unix":29},"statement-by-he-kun-liu-minister-of-finance-of-the-peoples-republic-of-china-102nd-virtual-meeting-of-the-development-committee-october-16-2020","",{"@graph":37,"@context":87},[38,55,70],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":54},"https://docshare.wps.com/document/statement-by-he-kun-liu-minister-of-finance-of-the-peoples-republic-of-china-102nd-virtual-meeting-of-the-development-committee-october-16-2020/109670/",4,{"url":53,"name":13,"@type":56,"author":57,"headline":13,"publisher":59,"fileFormat":62,"inLanguage":24,"description":14,"dateModified":63,"datePublished":64,"encodingFormat":62,"isAccessibleForFree":65,"interactionStatistic":66},"DigitalDocument",{"name":9,"@type":58},"Person",{"url":42,"name":60,"@type":61},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":67,"interactionType":68,"userInteractionCount":20},"InteractionCounter",{"@type":69},"ViewAction",{"@type":71,"mainEntity":72},"FAQPage",[73,79,83],{"name":74,"@type":75,"acceptedAnswer":76},"What global problem does the statement emphasize at the time of the 102nd virtual Development Committee meeting?","Question",{"text":77,"@type":78},"It highlights that COVID-19 is still widespread, with rebounds and potential second waves, creating high uncertainty for the world economy and more complex development challenges for countries.","Answer",{"name":80,"@type":75,"acceptedAnswer":81},"What role does the statement ask the World Bank Group to play in fighting COVID-19?",{"text":82,"@type":78},"It calls on the WBG to leverage its strengths in multilateral coordination and financing mobilization, act as a knowledge bank and convening platform, strengthen policy dialogue, and support an early recovery of global industrial and supply chains.",{"name":84,"@type":75,"acceptedAnswer":85},"How does the statement propose implementing the G20 Debt Service Suspension Initiative (DSSI)?",{"text":86,"@type":78},"It stresses collective action and fair burden-sharing, encourages new WBG participation approaches while ensuring financial sustainability, calls for technical support with liquidity analysis, and advises handling debt transparency practically without excessive reporting burdens.","https://schema.org",{"og:url":53,"og:type":89,"og:title":13,"og:site_name":60,"og:description":14},"article",{"robots":91,"canonical":53},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":94},[95,99,103,107,111,115,120,123,128,131,135],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":96,"show_sort_weight":97,"slug":98},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":100,"show_sort_weight":101,"slug":102},"Literature",80,"literature",{"id":54,"doc_module":4,"doc_module_name":47,"category_name":104,"show_sort_weight":105,"slug":106},"Exam",70,"exam",{"id":22,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},"Comic",60,"comic",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":112,"show_sort_weight":113,"slug":114},"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":132,"doc_module":4,"doc_module_name":47,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":47,"category_name":137,"show_sort_weight":22,"slug":138},19,"General","general"]