Statement by H.E. Nadia Fettah Alaoui - 110th Meeting of the Development Committee - reflections on the “A Future-Ready World Bank Group” paper

Jul 19, 2026

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Statement by H.E. Nadia Fettah Alaoui, Minister of Economy and Finance of the Kingdom of Morocco, delivered on behalf of a constituency at the 110th Meeting of the Development Committee. The remarks commend the World Bank Group’s efforts toward sustainable development amid global challenges, referencing the “A Future-Ready World Bank Group” roadmap. They urgently call for scaled transfers to the Gaza-West Bank Trust Fund and discuss climate financing, IDA replenishment, support for lower-income countries, and priorities for financial capacity and incentive frameworks.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages4

Reading Time10 min

Statement by H.E. Nadia Fettah Alaoui

Commendation of the World Bank Group and the “A Future-Ready World Bank Group” paper

Urgent humanitarian call for Gaza and the West Bank

Reflections on climate, IDA, lower income countries, and financial capacity

Operational modalities for incentives and country engagement model

Public Disc losure Authorized DEVELOPMENT COMMITTEE (Joint Ministerial Committee of the Boards of Governors ofthe Bank and the Fundon the Transfer of Real Resources to Developing Countries) ONE HUNDRED AND TENTH MEETING WASHINGTON, DC – OCTOBER 25, 2024 Pub lic Disc losure Authorized DC/S/2024-0061(E) October 25, 2024 Statement by H.E. Nadia Fettah Alaoui Minister of Economy and Finance of the Kingdom of Morocco On behalf of the Constituency of Afghanistan, Algeria, Ghana, Iran, Libya, the Kingdom of Morocco, Pakistan, and Tunisia Statement by H.E. Nadia Fettah Alaoui Minister of Economy and Finance of the Kingdom of Morocco on behalf of the Constituency of Afghanistan, Algeria, Ghana, Iran, Libya, the Kingdom of Morocco, Pakistan, and Tunisia 110th Meeting of the Development Committee October 25, 2024 Washington, DC On behalf of our constituency, I commend the World Bank Group’s (WBG) Board of Executive Directors, Management and Staff’s steadfast commitment to driving sustainable development, especially during these heightened global challenges. The Development Committee Paper titled "A Future-Ready World Bank Group" lays out a clear roadmap for strengthening the Bank’s mission and adjusting its operations to meet the evolving needs of its client countries. The paper demonstrates the WBG’s commitment to tackling the pressing challenges of poverty, inequality and climate change. Before sharing our reflections on the DC document, we would like to acknowledge the Bank’s intervention in Gaza and the West-Bank and urgently call on the Bank to scale up transfers to the Gaza-West Bank Trust Fund to help Palestine overcome this unprecedented humanitarian crisis. In April 2024, the joint World Bank-UN Rapid Damage and Needs Assessment (RDNA) estimated the cost of destruction of critical infrastructure in Gaza at $18.5 billion, equivalent to 97% of the Palestinian economy in 2022. Since then, there has been significantly more destruction and loss of life, and it will take immense resources to rebuild both infrastructure and livelihoods. Furthermore, the majority of the population is on the brink of famine and facing acute food insecurity. Accordingly, we urge the WBG to leverage its vast experience in FCS contexts and disseminate lessons learned in the West Bank and Gaza to promote stability, protect human capital and strengthen institutions. We assert that the World Bank Group’s technical and financial support is integral to efforts aimed at alleviating the suffering, while addressing urgent humanitarian and development needs in Gaza and the West Bank. This support is not only crucial for saving lives but also for catalyzing resources from the international community and boosting the resilience of the Palestinian people. The WBG has an instrumental role to go beyond the status quo and we strongly urge management to do more as rebuilding Palestine is a Global Public Good. With regards to the Update, we acknowledge its comprehensiveness and would like to share the following reflections: On climate, we welcome and support a balanced focus on both adaptation and mitigation. We underscore the importance of the Bank’s commitment to allocate 45% of its financing to climate-related actions by 2025, with half of this amount being dedicated to adaptation. As we understand that the WBG is lagging in reaching its equal targets on climate sub-components, we urge the Bank’s institutions, including MIGA and IFC, to place a stronger focus on adaptation and to use all available incentives to boost its operations and upstream work to achieve the 50% target on adaptation. Regarding IDA, we emphasize that the IDA21 replenishment is not only a financial necessity but a cornerstone in strengthening the WBG's overall mission. The replenishment should be viewed as a critical step for the international community to demonstrate its commitment to the world’s most vulnerable populations at a time when g

FAQs

What does Nadia Fettah Alaoui commend in the World Bank Group’s approach?

She commends the Board of Executive Directors, Management, and Staff for their steadfast commitment to sustainable development, especially under heightened global challenges, and highlights the roadmap presented in “A Future-Ready World Bank Group.”

What urgent request is made regarding Gaza and the West Bank?

She calls for scaling up transfers to the Gaza-West Bank Trust Fund to help address an unprecedented humanitarian crisis and stresses the importance of leveraging the WBG’s experience in fragile contexts.

What key reflections are provided in the update?

She supports a balanced climate focus on adaptation and mitigation, emphasizes IDA replenishment, advocates for more education-sector support and intra-regional trade, and urges exploring innovative financing mechanisms while clarifying incentive implementation modalities.

Jul 19, 2026

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