[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110679-en":3,"doc-seo-110679-105":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},110679,1374391975076,"Riley","https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051",8,"Research & Report","Statement by H.E. Said Ali Said Chayhane - 103rd Meeting of the Development Committee - April 9, 2021 (Virtual)","Written statement delivered on behalf of the Africa Group II constituency to address three Development Committee agenda items: World Bank Group and IMF support for debt relief under the Common Framework and beyond; COVID-19 support for fair and affordable vaccine access by developing countries; and moving from crisis response to resilient recovery through green, resilient, inclusive development. The statement urges extending the Debt Service Suspension Initiative, transitioning to IMF programs where needed, and strengthening measures against illicit financial flows, while highlighting inequities in vaccine rollout and the urgent need for timely, affordable additional doses.","Public Disc losure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committee of the  \nBoards of Governors ofthe Bank and the Fundon the  \nTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND THIRD MEETING WASHINGTON, DC – APRIL 9, 2021  \n(VIRTUAL)  \nPub lic Disc losure Authorized  \nDC/S/2021-0006(E) April 9, 2021  \nStatement by  \nH.E. Said Ali Said Chayhane Minister of Finance, Budget and the Banking Sector  \nComoros  \nOn behalf of the Group II African Countries  \nStatement by  \nH.E. Said Ali Said Chayhane  \nMinister of Finance, Budget and the Banking Sector  \nComoros  \nOn behalf of the Group II African Countries  \n103rd Meeting of the Development Committee  \nApril 9, 2021  \nWashington, DC  \n(VIRTUAL)  \nThis written statement on behalf of the Africa Group II Constituency addresses the three topics appearing on the Development Committee’s agenda, namely: (1) World Bank Group and IMF Support for Debt Relief Under the Common Framework and Beyond; (2) COVID-19: World Bank Group Support for Fair and Affordable Access to Vaccines by Developing Countries; and (3) From COVID-19 Crisis Response to Resilient Recovery—Saving Lives and Livelihoods while Supporting Green, Resilient, Inclusive Development (GRID) .  \nWorld Bank Group and IMF Support for Debt Relief Under the Common Framework and Beyond  \nWe commend the staffs of the World Bank Group and the International Monetary Fund (IMF) on the significant progress made toward the adoption of a comprehensive strategy to address growing debt vulnerabilities in our countries. We believe, however, that it will take some time to implement this comprehensive strategy that is needed to resolve the unsustainable debt situations in countries eligible under the Debt Service Suspension Initiative (DSSI) .  \nWe therefore support an extension ofthe DSSI until end-2021—with or without an IMF upper credit tranche arrangement—so as to pave the way for the smooth and effective implementation of a more sustainable and comprehensive approach. The savings achieved under the DSSI are expected to continue to create fiscal space in our countries and these savings, coupled with financial support from the World Bank Group and IMF, have freed up funds that will contribute significantly to our efforts to address the health, economic, and social consequences of the COVID-19 pandemic.  \nIn our view, this solution will provide the time needed to establish the G20 Common Framework for Debt Treatment as an effective tool that can replace the DSSI and provide deeper debt relief when needed. In the interim, we encourage countries facing moderate risk of debt distress to transition into suitable programs with the IMF in order to improve their fiscal management and thus their debt management capacity. We also hold the view that the G20 Common Framework, which was designed to help countries undertake a deeper restructuring of their debt, should be applied in all countries where high or moderate debt levels so warrant.  \nFurthermore, we believe that it is imperative that the World Bank Group and IMF work with countries to spur domestic resource mobilization and step up the fight against illicit financial flows. We remain confident that our countries will overcome the debt challenges we face if we seize the opportunity created by COVID-19 to build back better after the pandemic, with a view to firmly establishing the three key components of the solution to the debt problem: strong, sustainable growth; better domestic resource mobilization; and improved management of debt and debt policies.  \nCOVID-19: World Bank Group Support for Fair and Affordable Access to Vaccines by Developing Countries  \nWe welcome the significant strides made by the World Bank Group in implementing its COVID-19 crisis response program. The additional $12 billion in financing to help provide access to COVID-19 vaccines for low-and middle-income countries is a crucial step in the fight against the pandemic.  \nThere is no doubt th","cbCaidnzvbtoRoop","https://ap.wps.com/l/cbCaidnzvbtoRoop","pdf",156845,1,4,"English","en",105,"# Statement overview\n## Debt relief under the Common Framework and beyond\n## COVID-19 vaccine access support\n## Resilient recovery and green, resilient, inclusive development (GRID)","[{\"question\":\"What are the three topics covered in the statement to the Development Committee agenda?\",\"answer\":\"The statement covers debt relief support under the Common Framework and beyond; World Bank support for fair and affordable COVID-19 vaccine access for developing countries; and the shift from COVID-19 crisis response to resilient recovery through GRID.\"},{\"question\":\"What does the statement recommend regarding the Debt Service Suspension Initiative (DSSI)?\",\"answer\":\"It supports extending the DSSI until end-2021 and encourages countries facing moderate debt distress to transition into suitable IMF programs while the G20 Common Framework is established.\"},{\"question\":\"Why does the statement stress the need for additional COVID-19 vaccine doses for Africa?\",\"answer\":\"It highlights highly unequal vaccine rollout and limited global supply, warning that without rapid, fair, affordable access Africa will fall behind in securing the doses required for herd immunity.\"}]",1784486567,10,{"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-said-ali-said-chayhane-103rd-meeting-of-the-development-committee-april-9-2021-virtual","",{"@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-said-ali-said-chayhane-103rd-meeting-of-the-development-committee-april-9-2021-virtual/110679/",{"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},"What are the three topics covered in the statement to the Development Committee agenda?","Question",{"text":73,"@type":74},"The statement covers debt relief support under the Common Framework and beyond; World Bank support for fair and affordable COVID-19 vaccine access for developing countries; and the shift from COVID-19 crisis response to resilient recovery through GRID.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"What does the statement recommend regarding the Debt Service Suspension Initiative (DSSI)?",{"text":78,"@type":74},"It supports extending the DSSI until end-2021 and encourages countries facing moderate debt distress to transition into suitable IMF programs while the G20 Common Framework is established.",{"name":80,"@type":71,"acceptedAnswer":81},"Why does the statement stress the need for additional COVID-19 vaccine doses for Africa?",{"text":82,"@type":74},"It highlights highly unequal vaccine rollout and limited global supply, warning that without rapid, fair, affordable access Africa will fall behind in securing the doses required for herd immunity.","https://schema.org",{"og:url":51,"og:type":85,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":87,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":90},[91,95,99,103,108,113,118,121,126,129,132],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":92,"show_sort_weight":93,"slug":94},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":96,"show_sort_weight":97,"slug":98},"Literature",80,"literature",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":100,"show_sort_weight":101,"slug":102},"Exam",70,"exam",{"id":104,"doc_module":4,"doc_module_name":45,"category_name":105,"show_sort_weight":106,"slug":107},5,"Comic",60,"comic",{"id":109,"doc_module":4,"doc_module_name":45,"category_name":110,"show_sort_weight":111,"slug":112},6,"Technology",50,"technology",{"id":114,"doc_module":4,"doc_module_name":45,"category_name":115,"show_sort_weight":116,"slug":117},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":119,"slug":120},30,"research-report",{"id":122,"doc_module":4,"doc_module_name":45,"category_name":123,"show_sort_weight":124,"slug":125},9,"Religion & Spirituality",20,"religion-spirituality",{"id":124,"doc_module":4,"doc_module_name":45,"category_name":127,"show_sort_weight":124,"slug":128},"World Cup","world-cup",{"id":28,"doc_module":4,"doc_module_name":45,"category_name":130,"show_sort_weight":28,"slug":131},"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":45,"category_name":134,"show_sort_weight":104,"slug":135},19,"General","general"]