[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110742-en":3,"doc-seo-110742-105":29,"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":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},110742,1099514067438,"River Wang","https://ap-avatar.wpscdn.com/avatar/100002539ee87300030?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780474512215547542",8,"Research & Report","Statement by H.E. Salman bin Khalifa Al Khalifa - 103rd Meeting of the Development Committee - April 9, 2021 (Virtual)","The statement highlights the COVID-19 pandemic’s severe combined impact on global economic performance and on healthcare and social protection systems, with disproportionate effects on poor and vulnerable groups. It describes how containment measures and reduced activity produced negative shocks across emerging markets and developing economies, especially in the Middle East and North Africa, risking lasting damage through capital outflows, human capital erosion, and trade and supply chain fragmentation. It calls for continued support, inclusive growth, poverty reduction, job creation, and operationalization of the World Bank Group’s Green, Resilient and Inclusive Development strategy.","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)  \n## ONE HUNDRED AND THIRD MEETINGWASHINGTON,DC-APRIL9,2021(VIRTUAL)\n\nDC/S/2021-0012  \nApril 9,2021  \n## Statement by\n\nH.E.Salman bin Khalifa Al KhalifaMinister of Finance and National Economy  \nKingdom of Bahrain  \non behalf of Bahrain,Egypt,Iraq,Jordan,Kuwait,Lebanon,Libya,Maldives,Oman,Qatar,United Arab Emirates,and Yemen  \n# Statement by\n\nH.E.Salman bin Khalifa AI KhalifaMinister of Finance and National Economy  \nKingdom of Bahrain  \non behalf of Bahrain,Egypt,Iraq,Jordan,Kuwait,Lebanon,Libya,Maldives,Oman,Qatar,United Arab Emirates,and Yemen  \n103rd Meeting of the Development Committee  \nApril 9,2021  \nWashington,DC  \n(VIRTUAL)  \nThe COVID-19 pandemic has exerted a massive toll on both the global economy and country healthcareand social protection systems,with disproportionate effects on the poor and vulnerable,while triggering adeep global recession with vast socio-economic impacts.Containment measures necessary to address thehealth crisis,combined with ensuing reduced economic activity,have culminated in an unprecedentedcombination of negative shocks in many emerging markets and developing economies(EMDEs),particularly in the Middle East and North Africa(MENA)region.We expect this to result in lasting scars,including through record capital outflows,erosion of human capital and fragmentation of global trade andsupply chains.  \nMost developing countries at all income levels are facing enormous pressure to increase public spending tomanage the adverse impacts of the pandemic at a time when many were already facing internal challenges,including debt distress and limited fiscal space.The most severely impacted economies are those that relyheavily on tourism,services,investment,and informality.Per capita incomes in the majority of EMDEsdeclined sharply in 2020,placing millions back into poverty and widening the inequality gap.Consequently,poverty reduction has suffered its worst setback in decades and many developing countries are thus fallingbehind in progress towards the twin goals and Sustainable Development Goals (SDGs).  \nEMDEs are also negatively impacted by external factors including weaker activity in major economies,sharp declines in commodity prices and remittances and tightening global financial conditions.As this crisishas the potential to erase hard fought development gains for many countries,we maintain that it is crucialto continue supporting countries in diversifying their economies towards multiple drivers of growth.Moreover,Middle-Income Countries(MICs)are experiencing a rapid decline in economic growthaggravated by rising debt levels,which severely inhibits their ability to provide inclusive services andadequate social safety nets.  \nGiven the challenges facing small states,including small island developing states,which are rendered morevulnerable by the pandemic,due to their limited economies of scale,we believe that innovative public andprivate sector solutions are needed to boost their resilience and diversify their supply chains.In addition,Fragile and Conflict Affected Situations(FCS)are disproportionately impacted by the pandemic which isintensifying their existing drivers of fragility and worsening instability.Furthermore,due to the pandemic'sadverse consequences for women and youth,we believe that expanding female labor force participationand addressing rising youth unemployment will necessitate a more tangible action plan from the WorldBank Group(WBG)to promote women's economic empowerment and enable job creation during therecovery phase.  \nIn this context,we welcome and support the Bank's strategy for Green,Resilient and InclusiveDevelopment(GRID)to address the implications of the COVID-19 pandemic and believe that enhancingresilience,inclusiveness and sustainable development ","cbCailP0LxaCWRmZ","https://ap.wps.com/l/cbCailP0LxaCWRmZ","pdf",582239,1,5,"English","en",105,"# Development Committee Statement\n## Context and macroeconomic impact\n## Public spending pressures and vulnerabilities\n## Support needs for diversification and resilience\n## World Bank Group GRID and inclusive recovery\n## Food insecurity and water-sector priorities","[{\"question\":\"What key challenges does the statement attribute to the COVID-19 pandemic?\",\"answer\":\"It attributes massive tolls to both the global economy and country healthcare and social protection systems, noting disproportionate effects on the poor and vulnerable, plus deep recessionary impacts in many emerging markets and developing economies.\"},{\"question\":\"Why does the statement emphasize supporting economic diversification?\",\"answer\":\"It argues the crisis may erase hard-fought development gains, making it crucial to continue supporting countries in diversifying their economies toward multiple growth drivers.\"},{\"question\":\"How does the statement propose addressing food insecurity after the pandemic?\",\"answer\":\"It urges a programmatic and holistic approach that balances emergency relief with long-term development support, including attention to water-sector needs in the water-scarce MENA region.\"}]",1784486852,13,{"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":86,"head_meta":88,"extra_data":90,"updated_unix":27},"statement-by-he-salman-bin-khalifa-al-khalifa-103rd-meeting-of-the-development-committee-april-9-2021-virtual","",{"@graph":35,"@context":85},[36,53,68],{"@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-salman-bin-khalifa-al-khalifa-103rd-meeting-of-the-development-committee-april-9-2021-virtual/110742/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-22","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What key challenges does the statement attribute to the COVID-19 pandemic?","Question",{"text":75,"@type":76},"It attributes massive tolls to both the global economy and country healthcare and social protection systems, noting disproportionate effects on the poor and vulnerable, plus deep recessionary impacts in many emerging markets and developing economies.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Why does the statement emphasize supporting economic diversification?",{"text":80,"@type":76},"It argues the crisis may erase hard-fought development gains, making it crucial to continue supporting countries in diversifying their economies toward multiple growth drivers.",{"name":82,"@type":73,"acceptedAnswer":83},"How does the statement propose addressing food insecurity after the pandemic?",{"text":84,"@type":76},"It urges a programmatic and holistic approach that balances emergency relief with long-term development support, including attention to water-sector needs in the 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