[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110264-en":3,"doc-seo-110264-105":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},110264,1649267921044,"Ava Thompson","https://us-avatar.wpscdn.com/avatar/1800007509477c92dfb?_k=1782875107921204101",8,"Research & Report","Statement by H.E. Shunichi Suzuki - 108th Meeting of the Development Committee - October 12, 2023","Japan conveys condolences and gratitude following the earthquake in Morocco and western Afghanistan and the floods in Libya, while condemning Russia’s illegal war against Ukraine. The statement highlights Japan’s support for Ukraine through WBG/IMF recovery efforts, including damage assessments, grants, credit enhancement, and contributions to MIGA SURE guarantees. It also outlines expectations for WBG evolution, urging strengthened One World Bank approach, domestic and private resource mobilization, outcome-focused scorecards, and scalable global challenge pilots.","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/2023-0069 October 12, 2023  \nStatement by  \nH.E. Shunichi Suzuki Minister of Finance  \nJapan  \nStatement by  \nH.E. Shunichi Suzuki  \nMinister of Finance  \nJapan  \n108th Meeting of the Development Committee  \nOctober 12, 2023  \nMarrakech, Morocco  \n1. Introduction  \nJapan conveys its deepest condolences to the victims and their families severely affected by the earthquake in the central part of the Kingdom of Morocco and western Afghanistan as well as the floods in the eastern part of the State of Libya. Japan also expresses its sincere gratitude to the Government of Morocco and the people of Marrakech for their warm hospitality in the immediate aftermath of the earthquake.  \nWe continue to condemn Russia’s illegal, unjustifiable, and unprovoked war of aggression against Ukraine. Russia’s war has caused tragic loss of life, destruction of property and infrastructure, and exacerbated global economic challenges. We call for an immediate end of Russia’s illegal war against Ukraine, which would address one of the largest uncertainties over the global economic outlook.  \nI would like to extend my warmest welcome to Mr. Ajay Banga as the new President of the World Bank Group (WBG) . Japan holds high expectations that the WBG will strive to achieve its new vision and mission under his leadership.  \n2. Support to Ukraine  \nRussia’s ongoing aggression has caused devastating damage to Ukraine. Against this backdrop, we highly appreciate that the WBG and the IMF have spearheaded the recovery efforts. In particular, we commend the WBG’s damage and needs assessment that incorporates medium-to long-term reconstruction needs. We also welcome the Bank’s support for urgent needs, including those in the housing sector.  \nJapan has contributed approximately US$500 million in grants to the Ukraine Relief, Recovery and Reconstruction Trust Fund (URTF) and is committed to providing credit enhancement of up to US$5 billion worth of loans by the International Bank for Reconstruction and Development (IBRD), based on the newlyenacted law. We commend that, backed by this credit enhancement, the IBRD has hitherto provided US$1 .5 billion loans to Ukraine and is preparing for the next series of loans to be provided by the end of this year.  \nThe financial needs for Ukraine’s reconstruction will most likely be huge. Thus, mobilizing private capital is key and public capital can play a catalytic role here. In this regard, Japan has made an inaugural contribution of US$23 million to the Multilateral Investment Guarantee Agency (MIGA)'s Support for Ukraine’s Reconstruction and Economy Trust Fund, or SURE. Japan is committed to further contributing to MIGA’s guarantees, including by providing an additional US$2 million.  \nLooking ahead, Japan remains committed to providing further support to Ukraine, in collaboration with the WBG, to address the country’s financial needs for budgetary operations and reconstruction.  \n3. WBG Evolution  \nAt the Annual Meetings last year, Governors called on the WBG to consider concrete actions that enhance its capacity to respond to the overlapping crises and strengthen its ability to address global challenges. Japan commends the progress so far, including the comprehensive review of the WBG’s vision and mission, operating model and financial model. We look forward to the remaining issues being discussed further toward the 2024 Spring Meetings.  \nJapan welcomes that the new vison and mission maintain the long- established twin goals of “ending extreme poverty” and “promoting shared prosperity”, while clarifying their mutually reinforcing relationships with the other goal of addressing global challenges.  \nTo achieve the new vi","cbCaimVHHxvqK97b","https://ap.wps.com/l/cbCaimVHHxvqK97b","pdf",179732,1,6,"English","en",105,"# Introduction\n## Support to Ukraine\n## WBG Evolution","[{\"question\":\"What international events does Japan address at the opening of the statement?\",\"answer\":\"Japan expresses condolences for the Morocco and Afghanistan earthquake victims and Libya flood victims, thanks Morocco and Marrakech for hospitality, and condemns Russia’s illegal war of aggression against Ukraine.\"},{\"question\":\"How does Japan describe its support for Ukraine?\",\"answer\":\"Japan highlights WBG/IMF-led recovery efforts and Japan’s grants to the URTF, credit enhancement plans up to IBRD lending capacity, and inaugural plus additional contributions to MIGA’s SURE trust fund.\"},{\"question\":\"What does Japan ask for regarding the World Bank Group’s evolution?\",\"answer\":\"Japan calls for strengthening the One World Bank approach, accelerating domestic resource mobilization and private capital mobilization, shifting the corporate scorecard toward outcomes, upgrading knowledge products, and launching scalable global challenge 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