[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110248-en":3,"doc-seo-110248-105":29,"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":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},110248,1649267921044,"Ava Thompson","https://us-avatar.wpscdn.com/avatar/1800007509477c92dfb?_k=1782875107921204101",8,"Research & Report","Statement by H.E. Mohammed Aljadaan - 108th Meeting of the Development Committee","Statement by H.E. Mohammed Aljadaan, Minister of Finance of the Kingdom of Saudi Arabia, delivered at the 108th meeting of the Development Committee during the 2023 Annual Meetings in Marrakech. The statement expresses condolences over Morocco’s earthquake and highlights joint efforts to keep relief and reconstruction on track. It calls for repositioning the World Bank Group as “one WBG,” prioritizing the Twin Goals and SDGs, addressing food, energy, and water security, and improving operational and financial models to be more responsive, agile, efficient, and demand-driven.","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 EIGHTH MEETING MARRAKECH, MOROCCO – OCTOBER 12, 2023  \nDC/S/2023-0048 October 12, 2023  \nStatement by  \nH.E. Mohammed Aljadaan Minister of Finance  \nThe Kingdom of Saudi Arabia  \nStatement by  \nH.E. Mohammed Aljadaan  \nMinister of Finance  \nThe Kingdom of Saudi Arabia  \n108th Meeting of the Development Committee  \nOctober 12, 2023  \nMarrakech, Morocco  \nIam very pleased to attend the 2023 Annual Meetings in Marrakech, and I would like to thank the Moroccan authorities for their hospitality and efforts to make these meetings successful despite the devastating earthquake. And I would like to reiterate my deepest sympathies and condolences to the people of Morocco for the tragic loss of life and destruction. The joint efforts of the World Bank and the IMF, in coordination with the Moroccan authorities, to proceed with holding the meetings without disrupting vital relief and reconstruction efforts remind us of our core mission to work collectively to respond to shocks and crises, both here and elsewhere in the world.  \nThe World Bank Group (WBG) has a long-standing tradition of evolving with the changing development landscape. In the current phase of its evolution the WBG should re-position itself to respond to an unprecedented set of issues and challenges that require, more than ever before, the Bank, IFC, and MIGAto work as a truly “one WBG.” Importantly, all of them should also work in partnership with relevant institutions and investors within and beyond the MDB system.  \nI deeply appreciate the work that management and the Executive Board have been undertaking, both before and after the last Spring Meetings, on the new World Bank Group vision and mission and its financial and operational models. As we all know, this work is underpinned by great staff efforts that need to be commended. I congratulate all involved parties for the progress that has been achieved to date.  \nFor its part, Saudi Arabia will continue to work toward bridging global development gaps and continuing its support to alleviate countries’ development and humanitarian challenges, including contributing the largest loan to the PRGT since the start of the 2021 fundraising round, totaling SDR 2.8 billion, which represents around 22 percent of total contributions. Saudi Arabia believes that we should focus intently on client countries’ challenges, which vary across countries and regions, while keeping a broader perspective and engagement on global public goods.  \nLooking ahead, some critical challenges remain to be resolved. In this context, I would like to outline some points of guidance.  \nVision and Mission  \nIt is critical to maintain the line of sight to the Bank Group’s core development mandate, which is signified by the Twin Goals of ending extreme poverty and promoting shared prosperity, as well as the 2030 Sustainable Development Goals (SDGs) . The Bank can maintain a role in addressing global challenges selectively, but it is important that the Twin Goals and the SDGs remain front and center for its work. I appreciate that the Executive Board has agreed to prioritize eight global challenges. Included among them are food, energy and water security, which are basic human needs. I also take note that, in the coming months, management will discuss with the Executive Board a number of specific global challenge programs.  \nOperational and Financial Models  \nGoing forward, fundamental changes will be needed in the way the institution works to meet the objective of being: more responsive to client needs; more agile in delivering client services; more efficient in designing and supporting implementation of projects and programs it finances; more effective in delivering development outcomes; more demand-driven in the ","cbCaifuXKdOp5bAM","https://ap.wps.com/l/cbCaifuXKdOp5bAM","pdf",194314,1,5,"English","en",105,"# Statement by H.E. Mohammed Aljadaan\n## Vision and Mission\n## Operational and Financial Models\n## A Bank for All","[{\"question\":\"What is the main purpose of H.E. Mohammed Aljadaan’s statement at the 108th Development Committee meeting?\",\"answer\":\"To outline key guidance on how the World Bank Group should respond to major development challenges, including by aligning vision, priorities, and operational and financial models.\"},{\"question\":\"Which strategic goals does the statement emphasize for the World Bank Group?\",\"answer\":\"The Twin Goals of ending extreme poverty and promoting shared prosperity, alongside the 2030 Sustainable Development Goals (SDGs).\"},{\"question\":\"How does the statement describe the changes needed in the World Bank Group’s operating approach?\",\"answer\":\"It stresses being more responsive and agile to client needs, more efficient in designing and implementing supported programs, more effective in delivering outcomes, and more demand-driven in using scarce resources, supported by stronger coordination among WBG entities.\"}]",1784484549,13,{"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":85,"head_meta":87,"extra_data":89,"updated_unix":27},"statement-by-he-mohammed-aljadaan-108th-meeting-of-the-development-committee","",{"@graph":35,"@context":84},[36,53,67],{"@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":52},"https://docshare.wps.com/document/statement-by-he-mohammed-aljadaan-108th-meeting-of-the-development-committee/110248/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What is the main purpose of H.E. 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