[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109877-en":3,"doc-seo-109877-105":30,"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":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":11},109877,13056703019662,"Evangeline","https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188",8,"Research & Report","Statement by H.E. Mohamed Benchaaboun - On behalf of the Constituency - 101st Meeting of the Development Committee","Statement delivered by H.E. Mohamed Benchaaboun, Minister of Economy and Finance of the Kingdom of Morocco, on behalf of an Afghanistan, Algeria, Ghana, the Islamic Republic of Iran, Morocco, Pakistan, and Tunisia constituency at the 101st Development Committee meeting (virtual) on April 17, 2020. The statement assesses COVID-19’s humanitarian and economic impacts and supports rapid World Bank Group emergency financing, advisory services, and technical assistance. It highlights fast-track facility funding, the need for rapid disbursement, strengthened safety nets, health-system support, coordination with UN agencies and regional institutions, and attention to public finance and debt distress for IDA countries.","Public Disclosure 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 ONE MEETINGWASHINGTON,DC-APRIL17,2020(VIRTUAL)  \nDC/S/2020-0022(E)April 17,2020  \nStatement by  \nH.E.Mohamed BenchaabounMinister of Economy and Finance  \nof the Kingdom of Morocco  \nOn behalf of the Constituency of Afghanistan,Algeria,Ghana,the IslamicRepublic of Iran,the Kingdom of Morocco,Pakistan,and Tunisia  \nStatement by  \nH.E.Mohamed BenchaabounMinister of Economy and Finance  \nof the Kingdom of Morocco  \non behalf of the Constituency of Afghanistan,Algeria,Ghana,the Islamic Republic of Iran,theKingdom of Morocco,Pakistan,and Tunisia  \n# 101t Meeting of the Development Committee\n\nApril 17,2020  \nWashington,DC  \n(VIRTUAL)  \nWe are meeting today in a difficult context in which the world faces an unprecedented humanitarian andeconomic challenge created by the COVID-19 pandemic.In addition to its major health impact,thispandemic could have a devastating effect on our economies in terms of growth and employment as well asthe economic and social well-being of our people.  \nAgainst this backdrop,we are pleased with the 2020 Spring Meetings discussion topics on the agenda forthe Development Committee meeting and commend the World Bank experts on the relevance of thesetopics and the quality of the documents prepared.We are also grateful for the Progress Report onMainstreaming Disaster Risk Management in World Bank Group Operations,which was provided to us asa background document.  \n# I/Fast-track Facility for COVID-19 Response\n\nThe COVID-19 pandemic will likely reverse the progress made in the areas of health and development inrecent decades and delay achievement of the twin goals of the World Bank Group.In this regard,wecommend the World Bank Group for working tirelessly to provide a rapid response to the COVID-19pandemic through emergency financing,advisory services,and technical assistance aimed at strengtheninghealth systems and counteracting the social and economic impact of the pandemic.  \nIn this regard,we welcome the launch of the $14 billion facility for COVID-19 to meet the needs ofthe health sector($6 billion from the World Bank)and address the impact on the private sector(S8billion from IFC).We call for the rapid deployment of these funds to the countries and regionsexperiencing the effects of the COVID-19 pandemic.It is of critical importance to underscore the needfor an urgent response and rapid disbursement of funds to all who require assistance during these difficulttimes.  \nIt is our view that IFC,through its financing in the form of short-and long-term loans,as wellas its equity-and risk-sharing instruments,will provide rapid and flexible solutions that will allow the private sectorrto fully play its role by helping countries support employment and economic growth.  \nThe economic impact of COVID-19,particularly on poor countries,will be devastating,owing to globalvalue chain disruptions,the decline in economic activity,the impact on the tourism and aviation sectors,and lower levels of remittances and foreign direct investment.This situation has also been exacerbated ina number of our countries by a sharp drop in oil prices.For this reason,we think that emphasis must beplaced on assistance to countries to strengthen safety nets in order to reduce the burden borne by the poorand most vulnerable.  \nOur governments should,first and foremost,strive to strengthen health systems and mitigate thenegative economic and social effects of the pandemic.Moreover,we consider it imperative that we notunderestimate the impact of the coronavirus on public finance.In this regard,we call on the World Bankand IMF to continue their engagement with our countries.  \nWe are confident that the World Bank Group's Strategic Preparedness and Response Program will helpspeed up the emergency efforts of c","cbCaiiKncSfOXeHW","https://ap.wps.com/l/cbCaiiKncSfOXeHW","pdf",401949,4,1,3,"English","en",105,"# 101st Meeting of the Development Committee\n## I/Fast-track Facility for COVID-19 Response\n## II/The COVID-19 Debt Initiative: International Call for Action in Support of IDA Countries","[{\"question\":\"What major challenge does the statement emphasize for 2020, and why does it matter economically?\",\"answer\":\"It emphasizes an unprecedented humanitarian and economic challenge created by the COVID-19 pandemic, including major health impacts and potential devastation to growth, employment, and social and economic well-being.\"},{\"question\":\"How does the statement describe the purpose and urgency of the COVID-19 fast-track facility?\",\"answer\":\"It welcomes the launch of a $14 billion facility to address needs in the health sector and impacts on the private sector, urging rapid deployment and urgent response with quick disbursement for those who require assistance.\"},{\"question\":\"What priorities does the statement call for regarding health systems, safety nets, and public finance?\",\"answer\":\"It calls on governments to strengthen health systems and mitigate negative economic and social effects, stresses not underestimating the coronavirus impact on public finance, and urges continued engagement by the World Bank and IMF while emphasizing support for safety nets for the poor and vulnerable.\"}]","Statement by H.E. Mohamed Benchaaboun - On behalf of the Constituency - 101st Meeting of the Development Committee | PDF",1784482826,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":29},"statement-by-he-mohamed-benchaaboun-on-behalf-of-the-constituency-101st-meeting-of-the-development-committee","",{"@graph":36,"@context":84},[37,52,67],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,50],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":22},"https://docshare.wps.com/document/research-report/",{"item":51,"name":13,"@type":43,"position":20},"https://docshare.wps.com/document/statement-by-he-mohamed-benchaaboun-on-behalf-of-the-constituency-101st-meeting-of-the-development-committee/109877/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":24,"description":14,"dateModified":60,"datePublished":61,"encodingFormat":59,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":41,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What major challenge does the statement emphasize for 2020, and why does it matter economically?","Question",{"text":74,"@type":75},"It emphasizes an unprecedented humanitarian and economic challenge created by the COVID-19 pandemic, including major health impacts and potential devastation to growth, employment, and social and economic well-being.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"How does the statement describe the purpose and urgency of the COVID-19 fast-track facility?",{"text":79,"@type":75},"It welcomes the launch of a $14 billion facility to address needs in the health sector and impacts on the private sector, urging rapid deployment and urgent response with quick disbursement for those who require assistance.",{"name":81,"@type":72,"acceptedAnswer":82},"What priorities does the statement call for regarding health systems, safety nets, and public finance?",{"text":83,"@type":75},"It calls on governments to strengthen health systems and mitigate negative economic and social effects, stresses not underestimating the coronavirus impact on public finance, and urges continued engagement by the World Bank and IMF while emphasizing support for safety nets for the poor and vulnerable.","https://schema.org",{"og:url":51,"og:type":86,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,134],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":46,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":105,"slug":137},19,"General","general"]