[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111753-en":3,"doc-seo-111753-105":28,"detail-sidebar-cat-0-en-105":88},{"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":11},111753,687197207057,"Sage","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Statement by H.E. Sheikh Salman bin Khalifa Al Khalifa - 110th Meeting of the Development Committee - October 25, 2024 - WBG Support Priorities","Statement by H.E. Sheikh Salman bin Khalifa Al Khalifa presents Bahrain’s position on the 110th Meeting of the Development Committee. It highlights the severe economic and social fallout from geopolitical conflicts, including impacts on Gaza and Lebanon, and stresses the urgent need for World Bank Group financial and technical support. The statement calls for expanded financing capacity, increased concessional resources while protecting AAA ratings, stronger IDA21 replenishment for fragile and conflict-affected states, enhanced data and knowledge efforts, and scaled private capital mobilization via blended finance and de-risking instruments.","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 TENTH MEETING WASHINGTON, DC – OCTOBER 25, 2024  \nDC/S/2024-0039 October 25, 2024  \nStatement by  \nH.E. Sheikh Salman bin Khalifa Al Khalifa Minister of Finance and National Economy  \nKingdom of Bahrain  \non behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Maldives, Oman, Qatar, United Arab Emirates,  \nand Yemen  \nStatement by  \nH.E. Sheikh Salman bin Khalifa Al Khalifa  \nMinister of Finance and National Economy  \nKingdom of Bahrain  \non behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Maldives, Oman, Qatar, United Arab  \nEmirates, and Yemen  \n110th Meeting of the Development Committee  \nOctober 25, 2024  \nWashington, DC  \nThe majority of our countries have faced significant economic and social consequences as a result of geopolitical conflicts and their subsequent spillovers. The devastating conflict in Gaza, and more recently its escalation in Lebanon, has intensified an already dire situation. This has led to an economic downturn, destruction of infrastructure, disruption of crucial trade routes, and a significant increase in poverty and unemployment, alongside a marked rise in the number of refugees and displaced individuals. The ongoing complexities are poised to leave a profound and enduring effect on the economic prospects and human capital across numerous countries for an extended period. Now, more than ever, there is a critical need for the World Bank Group's support and effective engagement, both financially and technically.  \nWe commend the Executive Board and Management on the continued progress made to operationalize the World Bank Group’s new mission to end extreme poverty and boost shared prosperity on a livable planet. We urge the Bank to continue its work to expand its financing capacity and devise further innovative measures to make the WBG bigger and serve its clients more effectively. We emphasize that achieving the goals of the evolution will necessitate increasing concessional funds while safeguarding the World Bank Group's AAA ratings. In this context, we highlight the significance of having a strong IDA21 Replenishment and scaling up support for fragile and conflict-affected states (FCS) and small states and ensuring that the red-light countries under the IDA Fragile, Conflict and Violence Envelope are shielded from grant haircuts, while striking a balance between adjustments to IBRD's Loan Pricing and maintaining IDA transfers. Moreover, adjusting IBRD lending terms to the specific country context demands close attention. We support the Bank’s recent consideration of reviewing its financing terms, making it more affordable and thus enabling Middle-Income Countries (MICS) to have more access to much-needed concessional financing.  \nWe also support WBG efforts to enhance the knowledge agenda and elevate the role of data, which is essential for impactful and evidence-based policymaking in client countries. We encourage the WBG to continue scaling up support for countries’ data systems, digital capabilities and tools, including capacity building and training. In addition, we welcome the new World Bank Group Gender Strategy 2024-2030: Accelerating Gender Equality to End Poverty on a Livable Planet. This presents an opportunity to adopt a holistic 'One WBG' approach in addressing the root causes of gender inequality across both the public and private sectors. As we advance this effort, it is crucial that the World Bank Group (WBG) addresses gender issues strictly through a development-focused lens, in alignment with its mandate and with due respect for national laws. We also look forward to the implementation oftheWBG’s Global Challenge Programs (GCPs) and for sufficient resources to be allocated for them to enable the crowding-in of public and pri","cbCaifj35dNq9ifH","https://ap.wps.com/l/cbCaifj35dNq9ifH","pdf",131241,1,3,"English","en",105,"# Development context and urgent need for support\n## Financing capacity and concessional resources with AAA protection\n## IDA21 replenishment and fragile/conflict-affected states\n## Knowledge agenda, data systems, and gender strategy\n## Private capital mobilization, blended finance, and guarantees\n## Energy transition and financing priorities","[{\"question\":\"What challenges does the statement emphasize regarding geopolitical conflicts?\",\"answer\":\"It points to major economic and social consequences, including economic downturns, infrastructure destruction, trade disruptions, rising poverty and unemployment, and increased refugees and displaced persons.\"},{\"question\":\"What financing directions are requested for the World Bank Group?\",\"answer\":\"The statement urges expanding financing capacity and using innovative measures, with increased concessional funds while safeguarding the World Bank Group’s AAA ratings.\"},{\"question\":\"How does the statement propose supporting fragile and conflict-affected states?\",\"answer\":\"It stresses the importance of a strong IDA21 replenishment, scaling up support for fragile and conflict-affected states and small states, and protecting grant allocations from grant haircuts where applicable.\"}]",1784491567,{"code":4,"msg":29,"data":30},"ok",{"site_id":24,"language":23,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":83,"head_meta":85,"extra_data":87,"updated_unix":27},"statement-by-he-sheikh-salman-bin-khalifa-al-khalifa-110th-meeting-of-the-development-committee-october-25-2024-wbg-support-priorities","",{"@graph":34,"@context":82},[35,51,65],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":21},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"https://docshare.wps.com/document/statement-by-he-sheikh-salman-bin-khalifa-al-khalifa-110th-meeting-of-the-development-committee-october-25-2024-wbg-support-priorities/111753/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":23,"description":14,"dateModified":59,"datePublished":59,"encodingFormat":58,"isAccessibleForFree":60,"interactionStatistic":61},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":62,"interactionType":63,"userInteractionCount":4},"InteractionCounter",{"@type":64},"ViewAction",{"@type":66,"mainEntity":67},"FAQPage",[68,74,78],{"name":69,"@type":70,"acceptedAnswer":71},"What challenges does the statement emphasize regarding geopolitical conflicts?","Question",{"text":72,"@type":73},"It points to major economic and social consequences, including economic downturns, infrastructure destruction, trade disruptions, rising poverty and unemployment, and increased refugees and displaced persons.","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"What financing directions are requested for the World Bank Group?",{"text":77,"@type":73},"The statement urges expanding financing capacity and using innovative measures, with increased concessional funds while safeguarding the World Bank Group’s AAA ratings.",{"name":79,"@type":70,"acceptedAnswer":80},"How does the statement propose supporting fragile and conflict-affected states?",{"text":81,"@type":73},"It stresses the importance of a strong IDA21 replenishment, scaling up support for fragile and conflict-affected states and small states, and protecting grant allocations from grant haircuts where applicable.","https://schema.org",{"og:url":49,"og:type":84,"og:title":13,"og:site_name":56,"og:description":14},"article",{"robots":86,"canonical":49},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":89},[90,94,98,102,107,112,117,120,125,128,132],{"id":20,"doc_module":4,"doc_module_name":44,"category_name":91,"show_sort_weight":92,"slug":93},"Story & Novel",90,"story-novel",{"id":45,"doc_module":4,"doc_module_name":44,"category_name":95,"show_sort_weight":96,"slug":97},"Literature",80,"literature",{"id":50,"doc_module":4,"doc_module_name":44,"category_name":99,"show_sort_weight":100,"slug":101},"Exam",70,"exam",{"id":103,"doc_module":4,"doc_module_name":44,"category_name":104,"show_sort_weight":105,"slug":106},5,"Comic",60,"comic",{"id":108,"doc_module":4,"doc_module_name":44,"category_name":109,"show_sort_weight":110,"slug":111},6,"Technology",50,"technology",{"id":113,"doc_module":4,"doc_module_name":44,"category_name":114,"show_sort_weight":115,"slug":116},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":44,"category_name":12,"show_sort_weight":118,"slug":119},30,"research-report",{"id":121,"doc_module":4,"doc_module_name":44,"category_name":122,"show_sort_weight":123,"slug":124},9,"Religion & Spirituality",20,"religion-spirituality",{"id":123,"doc_module":4,"doc_module_name":44,"category_name":126,"show_sort_weight":123,"slug":127},"World Cup","world-cup",{"id":129,"doc_module":4,"doc_module_name":44,"category_name":130,"show_sort_weight":129,"slug":131},10,"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":44,"category_name":134,"show_sort_weight":103,"slug":135},19,"General","general"]