[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111276-en":3,"doc-seo-111276-105":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},111276,3848291630094,"Emma Wilson","https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45",8,"Research & Report","Statement by H.E. Sjoerd Sjoerdsma - 113th Meeting of the Development Committee - April 16, 2026","Statement by H.E. Sjoerd Sjoerdsma, representing a constituency of multiple countries, addresses the Development Committee’s 113th meeting in Washington, DC on April 16, 2026. It highlights how geopolitical rivalry, conflicts, fiscal tightening, rising debt, climate shocks and rapid technological change constrain development policy space. It argues for stronger multilateral institutions and outlines five mutually reinforcing policy foundations for sustainable, job-rich growth: strong institutions and regulatory certainty, sound macro and financial foundations via a three-pillar approach, MDB capital adequacy harmonization, improved participation in trade systems, and an investment climate enabling private-sector job creation.","Public Disclosure 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 THIRTEENTH MEETING WASHINGTON, DC – APRIL 16, 2026  \nPub lic Disc losure Authorized  \nDC/S/2026-0007 April 16, 2026  \nStatement by  \nH.E. Sjoerd Sjoerdsma  \nMinister for Foreign Trade and Development Cooperation  \nof the Kingdom of the Netherlands  \nRepresenting the constituency of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Moldova, Montenegro, the Netherlands, North Macedonia, Romania and Ukraine  \nStatement by  \nH.E. Sjoerd Sjoerdsma  \nMinister for Foreign Trade and Development Cooperation  \nof the Kingdom of the Netherlands  \nRepresenting the constituency of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Moldova, Montenegro,  \nthe Netherlands, North Macedonia, Romania and Ukraine  \n113th Meeting of the Development Committee  \nApril 16, 2026  \nWashington, DC  \nWe meet at a moment when the global economic landscape is becoming more fragmented and uncertain. Geopolitical rivalry, trade tensions and persistent conflicts are increasingly shaping the conditions under which development takes place. Russia’s war in Ukraine continues to have devastating humanitarian and security consequences, as well as a detrimental economic and financial impact on Ukraine, its neighboring countries and the global economy. The recent conflict in the Middle East strongly impacts the region and the global economy, in particular through its direct effect on oil and gas prices, and its disruptions to vital trade routes. At the same time, many countries face tightening fiscal space, rising debt service, climate shocks and rapid technological change that is transforming economies and labour markets. Especially for many developing economies, these pressures narrow policy space and constrain investment in growth and job creation.  \nIn this environment, the role of strong multilateral institutions becomes even more critical. The World Bank Group remains uniquely positioned to support countries in strengthening the policy foundations for growth, mobilizing investment, and building resilience in the face of growing global uncertainty. Its combination of financing, knowledge, country presence and ability to mobilize private capital gives it a unique role in supporting countries as they pursue stability, resilience, and long-term prosperity.  \nWe therefore welcome the focus of these Spring Meetings on Building Prosperity through Policy. Sustainable job creation does not happen in a vacuum. It depends on the quality of institutions, the predictability of rules, the effectiveness of governments, and the ability of countries to create an enabling environment for investment, entrepreneurship, and economic transformation.  \nBuilding Prosperity through Policy  \nCreating jobs remains one of the most urgent development challenges ofour time. Around 1.2 billion young people are expected to enter the labour market in developing countries over the coming decade, while far fewer jobs are projected to be created under current trends. This gap poses a serious risk to growth, social cohesion, and political stability.  \nWe support the Bank’s long-term jobs agenda and its emphasis on the policy foundations needed to unlock employment at scale. Several members of our constituency have experienced first-hand how institutional reform, stronger governance, and integration into regional and global markets can accelerate growth and expand economic opportunity. Our constituency therefore emphasizes five mutually reinforcing foundations for sustainable and job-rich growth.  \nFirst, countries need strong policy and institutional foundations. Private investment will only materialize where there is legal certainty, transparent regulation, predictable taxation, effective public administration and credible enforcemen","cbCaip2hdhOym65g","https://ap.wps.com/l/cbCaip2hdhOym65g","pdf",166231,1,6,"English","en",105,"# Development context and need for multilateral support\n# Building prosperity through policy\n## Five policy foundations for sustainable, job-rich growth","[{\"question\":\"Why does the statement emphasize multilateral institutions right now?\",\"answer\":\"The statement links fragmented global conditions—conflicts, trade tensions, fiscal pressure, debt vulnerabilities and climate shocks—to reduced policy space. It argues strong multilateral institutions are critical to support growth, resilience and investment.\"},{\"question\":\"What is the statement’s main focus for development prosperity?\",\"answer\":\"It focuses on building prosperity through policy, especially sustainable job creation. The statement connects job creation to institutional quality, predictable rules, effective government, and enabling conditions for investment and entrepreneurship.\"},{\"question\":\"What are the five mutually reinforcing foundations for job-rich growth?\",\"answer\":\"They are: strong policy and institutional foundations; sound macroeconomic and financial foundations; strengthening multilateral development banks’ financial capacity; participation in regional and global trading systems; and an investment climate that enables private-sector growth and job creation.\"}]",1784489418,15,{"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":86,"head_meta":88,"extra_data":90,"updated_unix":27},"statement-by-he-sjoerd-sjoerdsma-113th-meeting-of-the-development-committee-april-16-2026","",{"@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-sjoerd-sjoerdsma-113th-meeting-of-the-development-committee-april-16-2026/111276/",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","2026-07-20","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},"Why does the statement emphasize multilateral institutions right now?","Question",{"text":75,"@type":76},"The statement links fragmented global conditions—conflicts, trade tensions, fiscal pressure, debt vulnerabilities and climate shocks—to reduced policy space. It argues strong multilateral institutions are critical to support growth, resilience and investment.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What is the statement’s main focus for development prosperity?",{"text":80,"@type":76},"It focuses on building prosperity through policy, especially sustainable job creation. The statement connects job creation to institutional quality, predictable rules, effective government, and enabling conditions for investment and entrepreneurship.",{"name":82,"@type":73,"acceptedAnswer":83},"What are the five mutually reinforcing foundations for job-rich growth?",{"text":84,"@type":76},"They are: strong policy and institutional foundations; sound macroeconomic and financial foundations; strengthening multilateral development banks’ financial capacity; participation in regional and global trading systems; and an investment climate that enables private-sector growth and job creation.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,114,119,122,127,130,134],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":45,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":45,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":45,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]