[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109949-en":3,"doc-seo-109949-105":30,"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":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},109949,687197207919,"Theodora","https://ap-avatar.wpscdn.com/avatar/a000253d6f5f7c60be?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779446848396160552",8,"Research & Report","Statement by H.E. Mohamed Benchaaboun - 102nd Meeting of the Development Committee - COVID-19 Crisis Response","Statement by H.E. Mohamed Benchaaboun, Minister of Economy and Finance of the Kingdom of Morocco, delivered on behalf of a constituency at the 102nd Development Committee (virtual), Washington, DC on October 16, 2020. The statement addresses the World Bank Group’s COVID-19 Crisis Response, praising progress across thematic pillars and emphasizing equity, inclusiveness, and intervention quality. It highlights financial support figures, priorities for saving lives and strengthening health systems, vaccine financing and deployment, and social protection targeting. It also reviews debt service suspension (DSSI), urges innovation to expand lending capacity, and calls for stronger coordination with partners to protect development gains.","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 TWO MEETING WASHINGTON, DC – OCTOBER 16, 2020  \n(VIRTUAL)  \nDC/S/2020-0053(E) October 16, 2020  \nStatement by  \nH.E. Mohamed Benchaaboun  \nMinister of Economy and Finance  \nof the Kingdom of Morocco  \nOn behalf of the Constituency of Afghanistan, Algeria, Ghana, the Islamic Republic of Iran, the Kingdom of Morocco, Pakistan, and Tunisia  \nStatement by  \nH.E. Mohamed Benchaaboun  \nMinister of Economy and Finance  \nof the Kingdom of Morocco  \non behalf of the Constituency of Afghanistan, Algeria, Ghana, the Islamic Republic of Iran, the  \nKingdom of Morocco, Pakistan, and Tunisia  \n102nd Meeting of the Development Committee  \nOctober 16, 2020  \nWashington, DC  \n(VIRTUAL)  \nOur gathering, six months ago, was marked by the outbreak of the COVID-19 pandemic and our meeting today is still featured by this unprecedented pandemic which continues to pose enormous threat to human lives, health, economic activity and jobs across the world. We believe that the WBG’s role in helping countries navigate and respond to this unprecedented crisis has been crucial. We also believe that the response has been quick, timely and well-coordinated with other partners. Therefore, we value the update on the World Bank Group COVID-19 Crisis Response provided by Management.  \nWe also appreciate the joint IMF-WBG staff note on the Implementation and Extension of the Debt Service suspension Initiative (DSSI). The Pandemic will most likely leave many countries, with unsustainable debt levels and worsened debt vulnerabilities. As a trusted multilateral, we recognize the leadership of the Bank and the IMF to engineer and facilitate debt resolution.  \nWe are also grateful to Management for the progress reports on 2020 Shareholding Review and on IDA Voting Rights Review.  \nI. On “Leaning Forward to Save Lives, Scale-up Impact and Get Back on Track. World Bank Group COVID-19 Crisis Response Update”  \nWe commend the WBG for the progress made in implementing its crisis response under the four thematic pillars and appreciate the speed, scale and selectivity demonstrated so far. We want to emphasize the importance of equity, inclusiveness and quality in the design and delivery of its interventions.  \nWe take note and commend the WBG for delivering a record $45 billion in financial support in the fourth quarter of FY20 and for its commitment to provide $160 billion in financial support over the 15-month period from April 2020 through June 2021. Such an accomplishment reflects the remarkable capacity of the WBG and its professional staff. We indeed appreciate the Management and staff for their endeavorsand tireless commitment.  \nWe wish to highlight the importance of the Bank’s response in giving priority to interventions aimed at saving lives and strengthening the health sector. This should be our utmost priority. In this vein, we welcome IFC’s engagement with vaccine manufacturers to provide financial support to expand production capacity as well as the Bank’s plan to support countries in the purchase and deployment of COVID-19  \nvaccines. For our client countries affordability and timely access to vaccines are critical. In this vein, we support the Bank’s financing of 12 billion dollars aimed at helping countries to purchase and deploy vaccines.  \nWe also note the progress made in the WBG social response to protect the poor and vulnerable. In most developing countries the pandemic has highlighted the need for countries to develop strong targeting mechanisms for social safety nets in the face of rising budget pressures. We urge management to keep leveraging the WBG’s expertise in fine-tuning countries’ targeting mechanisms for social protection. We also want to encourage the World Bank to continue to articulate interventio","cbCaiiibLLlGmvdq","https://ap.wps.com/l/cbCaiiibLLlGmvdq","pdf",218496,4,1,"English","en",105,"# Statement by H.E. Mohamed Benchaaboun\n## 102nd Meeting context and COVID-19 impact\n## World Bank Group COVID-19 Crisis Response update\n## Implementation and Extension of the Debt Service Suspension Initiative (DSSI)","[{\"question\":\"What does Mohamed Benchaaboun emphasize about the World Bank Group’s COVID-19 response?\",\"answer\":\"He commends progress across four thematic pillars and stresses the importance of equity, inclusiveness, and quality in designing and delivering interventions.\"},{\"question\":\"Which areas does the statement prioritize for saving lives and health system strengthening?\",\"answer\":\"It highlights interventions aimed at saving lives, strengthening the health sector, and supporting vaccine production, purchase, and deployment with timely access based on affordability.\"},{\"question\":\"How does the statement treat debt vulnerabilities during the pandemic?\",\"answer\":\"It recognizes the leadership of the Bank and the IMF in engineering debt resolution and discusses the IMF-WBG staff note on implementing and extending the Debt Service Suspension Initiative (DSSI).\"}]","Statement by H.E. 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