[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110651-en":3,"doc-seo-110651-105":29,"detail-sidebar-cat-0-en-105":89},{"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},110651,13056703019404,"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 - 105th Meeting of the Development Committee - April 22, 2022","Statement by H.E. Kun Liu, Minister of Finance of the People’s Republic of China, presented at the 105th Meeting of the Development Committee on April 22, 2022 in Washington, DC. It highlights the pressures on developing countries from COVID-19 persistence, tighter global financial conditions, and spillovers from the Ukraine crisis, urging a people-centered, innovation-driven development agenda aligned with the UN 2030 Sustainable Development Goals. China calls on the World Bank Group to strengthen digital infrastructure and transformation support, and to pursue debt solutions rooted in development through expanded long-term financing, improved analytics, and transparency respecting national laws.","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 FIFTH MEETING WASHINGTON, DC – APRIL 22, 2022  \nDC/S/2022-0010 April 22, 2022  \nStatement by  \nH.E. Kun Liu Minister of Finance  \non behalf of  \nPeople’s Republic of China  \nStatement by  \nH.E. Kun Liu  \nMinister of Finance  \non behalf of  \nPeople’s Republic of China  \n105th Meeting of the Development Committee  \nApril 22, 2022  \nWashington, DC  \nDeveloping countries are facing an extremely challenging and complex external environment, compounded by many global challenges including lingering COVID-19 pandemic, increasingly tightened global financial conditions and spillovers of the Ukraine crisis, with heightened economic and financial vulnerabilities. We should keep focusing on development as our priority and put it high on the global macro policy agenda by a people-centered and innovation-driven approach, foster new growth drivers in the postCOVID era, and earnestly implement the 2030 Agenda for Sustainable Development of the United Nations.  \nChina appreciates the active role played by the World Bank Group (WBG) in supporting developing countries’ response to the COVID-19 pandemic and promoting recovery and development. We urge the WBG to further mobilize financial resources, give full play to its role as a knowledge bank, exercise its global convening power, augment its input to the undertaking of poverty alleviation and development, support developing countries to seize new development opportunities such as digitalization, and better contribute to robust, green and balanced global development, in a manner that is aligned with its development mandate and oriented by the demands of clients.  \nI. Vigorously boosting the development of digital infrastructure and supporting digital transformation  \nDigital technologies are being fully integrated into all economic and social aspects of mankind, generating extensive and profound impacts. However, developing countries are hampered by underdeveloped digital infrastructure, unfavorable institutional environment and widening digital divide. They are faced with urgent task of digital transformation. We expect the WBG to strengthen country diagnostic, further integrate digitalization into its Country Partnership Framework and pipelines, and provide targeted support to all client countries including low-income and middle-income countries to accelerate the development of digital economy.  \nThe WBG should aim at improving accessibility and affordability of digital services, give priority to step up investment in digital infrastructure and bridge digital divide, scale up financial support, and actively carry out the “upstream” work and advisory services to support client countries in improving their policy environment for digitalization, and promote the development of digital platforms tailored to national circumstances. The private sector plays a key role in accelerating digital transformation. We encourage the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) to playa catalytic role in effectively mobilizing private investment and adopt the One WBG approach to improving synergies across the WBG institutions.  \nWe encourage the WBG to strengthen collaboration with development partners on digital development. On one hand, the WBG should enhance policy coordination and cooperation with other multilateral mechanisms and institutions, such as the United Nations, the G20 and the WTO, draw on universally  \nrecognized technical standards developed by specialized international organizations such as the International Telecommunication Union, enhance interoperability across digital platforms and promote digital connectivity. On the other hand, the WBG should take South-South cooperation as a priority on its ","cbCaiaRJA0lSc9g1","https://ap.wps.com/l/cbCaiaRJA0lSc9g1","pdf",169545,1,4,"English","en",105,"# Key regional challenges and development priorities\n## People-centered, innovation-driven development agenda\n# Strengthening digital infrastructure and transformation\n## Integrating digitalization into Country Partnership Frameworks\n## Bridging the digital divide and enabling digital platforms\n## Cybersecurity and data security principles\n# Debt balance and sustainability through development\n## Long-term financing and recovery-oriented investment\n## Improving debt analytics and capacity in public finance\n## Debt transparency grounded in national laws","[{\"question\":\"Why does the statement emphasize development as the priority?\",\"answer\":\"It argues that developing countries face an extremely challenging external environment shaped by lingering COVID-19 impacts, tighter global financial conditions, and spillovers from the Ukraine crisis. 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It calls for comprehensive actions including expanded access to long-term financing, improved debt analytic tools, capacity building for public finance management, and debt transparency consistent with national laws and confidentiality.\"}]",1784486434,10,{"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":84,"head_meta":86,"extra_data":88,"updated_unix":27},"statement-by-he-kun-liu-minister-of-finance-of-the-peoples-republic-of-china-105th-meeting-of-the-development-committee-april-22-2022","",{"@graph":35,"@context":83},[36,52,66],{"@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":21},"https://docshare.wps.com/document/statement-by-he-kun-liu-minister-of-finance-of-the-peoples-republic-of-china-105th-meeting-of-the-development-committee-april-22-2022/110651/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":23,"description":14,"dateModified":60,"datePublished":60,"encodingFormat":59,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":40,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":63,"interactionType":64,"userInteractionCount":4},"InteractionCounter",{"@type":65},"ViewAction",{"@type":67,"mainEntity":68},"FAQPage",[69,75,79],{"name":70,"@type":71,"acceptedAnswer":72},"Why does the statement emphasize development as the priority?","Question",{"text":73,"@type":74},"It argues that developing countries face an extremely challenging external environment shaped by lingering COVID-19 impacts, tighter global financial conditions, and spillovers from the Ukraine crisis. It calls for keeping development high on the global macro policy agenda using a people-centered, innovation-driven approach.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"What does the statement ask the World Bank Group to do regarding digital transformation?",{"text":78,"@type":74},"It requests strengthening country diagnostics, integrating digitalization into Country Partnership Frameworks and pipelines, and providing targeted support to low- and middle-income client countries. It also calls for improving affordability and accessibility of digital services and scaling support to bridge the digital divide.",{"name":80,"@type":71,"acceptedAnswer":81},"How does the statement propose addressing debt vulnerabilities?",{"text":82,"@type":74},"It emphasizes that the fundamental solution to developing countries’ debt problems lies in development. 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