[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111338-en":3,"doc-seo-111338-105":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},111338,4398048949847,"Eliana","https://ap-avatar.wpscdn.com/avatar/400002536579ef2da7f?_k=1778318612642679267",8,"Research & Report","Statement by H.E. Shunichi Suzuki at the 109th Meeting of the Development Committee - April 19, 2024","A statement by Japan’s Minister of Finance, H.E. Shunichi Suzuki, delivered at the World Bank Group Development Committee’s 109th meeting in Washington, DC on April 19, 2024. It outlines Japan’s expectations for the WBG amid overlapping geopolitical crises and long-term development challenges, emphasizing support for Ukraine and Gaza through credit enhancements, grants, advisory services, guarantees, and emergency and reconstruction financing. It also addresses WBG evolution, including the new scorecard, crisis-preparedness indicators, financing balance-sheet efficiency, and frameworks for financial incentives.","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 NINTH MEETING WASHINGTON, DC – APRIL 19, 2024  \nDC/S/2024-0005 April 19, 2024  \nStatement by  \nH.E. Shunichi Suzuki Minister of Finance  \nJapan  \nStatement by  \nH.E. Shunichi Suzuki  \nMinister of Finance  \nJapan  \n109th Meeting of the Development Committee  \nApril 19, 2024  \nWashington, DC  \n1. Introduction  \nEven after the impact of COVID-19 has receded, the world is facing overlapping geopolitical crises, including Russia’s aggression against Ukraine and the clashes between Israel and the Palestinian militants. At the same time, long-term development challenges such as climate change and debt vulnerabilities need to be resolved. Given the critical role that the World Bank Group (WBG) plays in addressing these challenges, Japan hereby states its expectations for the WBG and our contributions to the WBG in the following areas.  \n2. Support for geopolitical crises, including those in Ukraine and Gaza  \nThe damage and losses resulting from wars and conflicts across the world, including those in Ukraine, and Israel and Palestine, pose serious threats to medium-to long-term growth of the global economy.  \nWe condemn again, in the strongest terms, Russia’s illegal, unjustifiable, and unprovoked aggression against Ukraine that has continued for more than two years. It has caused tragic loss of life and destruction of property and infrastructure, exacerbating global economic challenges. We call for an immediate end of this illegal aggression, which would clear one of the biggest uncertainties over the global economic outlook.  \nJapan has thus far provided credit enhancement to the International Bank for Reconstruction and Development (IBRD), leading to $5 billion worth of loans to Ukraine. Japan has also provided $470 million in grants through the IBRD, which reached the Ukrainian people in February and was utilized for maintaining public services to support the country’s dire liquidity condition. Moreover, the Japanese Diet recently passed a budget that authorizes the Government to provide credit enhancements to allow the IBRD to provide an additional $2 billion worth of loans in 2024 and up to $1 billion worth of interest payment capitalization. Furthermore, Japan contributed $2 million to the Ukraine Capacity Development Fund (UCDF) established in the International Monetary Fund (IMF) to help Ukraine enhance domestic resource mobilization.  \nJapan welcomes that the WBG published the third Rapid Damage and Needs Assessment (RDNA3), which was released together with the Government of Ukraine and related parties. To address Ukraine’s huge reconstruction needs, we need to mobilize capital, technologies, and expertise from the private sector. Japan will support the development of private sector projects in Ukraine by providing advisory service and guarantees. Specifically, Japan has contributed $7 million to the newly established Ukraine Window in the International Finance Corporation (IFC)'s Comprehensive Japan Trust Fund (CJTF) . Japan has also made an additional contribution of $11 million to the Multilateral Investment Guarantee Agency (MIGA)'s Support for Ukraine’s Reconstruction and Economy (SURE) Trust Fund, with which our total contribution to the fund is now $36 million.  \nAmidst the ongoing conflict in the Gaza strip, Japan is proactively working to de-escalate the situation and address the humanitarian crisis. Japan has facilitated the provision of $10 million worth of emergency  \nmedical care to the affected people of Gaza through the Health Emergency Preparedness and Response Trust Fund (HEPRTF) . Furthermore, Japan will contribute $2 million to MIGA’s West Bank and Gaza Trust Fund, for supporting longer-term reconstruction needs. We envisage that this contribution will be used t","cbCairtcE73FmfeY","https://ap.wps.com/l/cbCairtcE73FmfeY","pdf",191951,1,6,"English","en",105,"# Introduction\n# Support for geopolitical crises, including those in Ukraine and Gaza\n## Ukraine support and reconstruction financing\n## Gaza humanitarian response and longer-term reconstruction\n## Support for middle-income countries hosting refugees\n# WBG Evolution\n## Operating model and scorecard impact\n## Financing model and balance-sheet efficiency","[{\"question\":\"What geopolitical challenges does the statement highlight?\",\"answer\":\"It points to overlapping crises, including Russia’s aggression against Ukraine and clashes involving Israel and Palestinian militants, alongside long-term issues such as climate change and debt vulnerabilities.\"},{\"question\":\"How does Japan support Ukraine through the World Bank Group?\",\"answer\":\"Japan provides credit enhancement and grants via IBRD, supports private sector projects through advisory services and guarantees via IFC, and contributes to relevant trust funds connected to reconstruction and economic support.\"},{\"question\":\"What does Japan request regarding the WBG’s operating and financing evolution?\",\"answer\":\"Japan welcomes the new WBG Scorecard and asks for indicators aligned with IDA policy commitments with crisis preparedness as a cross-cutting viewpoint, while emphasizing balance-sheet efficiency under the financing model and support for frameworks such as financial incentives.\"}]",1784489674,15,{"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":85,"head_meta":87,"extra_data":89,"updated_unix":27},"statement-by-he-shunichi-suzuki-at-the-109th-meeting-of-the-development-committee-april-19-2024","",{"@graph":35,"@context":84},[36,53,67],{"@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-shunichi-suzuki-at-the-109th-meeting-of-the-development-committee-april-19-2024/111338/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What geopolitical challenges does the statement highlight?","Question",{"text":74,"@type":75},"It points to overlapping crises, including Russia’s aggression against Ukraine and clashes involving Israel and Palestinian militants, alongside long-term issues such as climate change and debt vulnerabilities.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"How does Japan support Ukraine through the World Bank Group?",{"text":79,"@type":75},"Japan provides credit enhancement and grants via IBRD, supports private sector projects through advisory services and guarantees via IFC, and contributes to relevant trust funds connected to reconstruction and economic support.",{"name":81,"@type":72,"acceptedAnswer":82},"What does Japan request regarding the WBG’s operating and financing evolution?",{"text":83,"@type":75},"Japan welcomes the new WBG Scorecard and asks for indicators aligned with IDA policy commitments with crisis preparedness as a cross-cutting viewpoint, while emphasizing 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