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Thambo Gina of Eswatini, speaking for the Africa Group 1 constituency at the 102nd Virtual Meeting of the Development Committee, welcomes updates on the World Bank Group’s COVID-19 response and recognizes efforts through the COVID-19 Fast-Track Facility and collaboration with the G20 on the Debt Service Suspension Initiative. The statement urges a differentiated approach for LICs/MICs, calls for stronger assessment of COVID-19 impacts in Africa, and demands more resources for developing countries, including vaccine access and food security. It supports extending the DSSI through December 2021 and calls for faster execution and broader private creditor participation.","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 TWO MEETING WASHINGTON, DC –OCTOBER 16, 2020  \n(VIRTUAL)  \nDC/S/2020-0042 October 16, 2020  \nStatement by  \nH.E. Thambo Gina  \nMinister of Economic Planning & Development  \nEswatini  \nFor Africa Group 1 Constituency  \nStatement by  \nH.E. Thambo Gina  \nMinister of Economic Planning & Development  \nEswatini  \nFor Africa Group 1 Constituency  \n102nd Meeting of the Development Committee  \nOctober 16, 2020  \nWashington, DC  \n(VIRTUAL)  \n1. We welcome the timely discussion of the update on the World Bank Group (WBG) response to the COVID-19 crisis, on account of the unprecedented toll on human lives, livelihoods, and economies. We commend the WBG’s efforts during the 4th quarter to expedite the support and response to the needs of client countries to address and mitigate the effects of the pandemic through the COVID-19 Fast-Track Facility. We acknowledge the collaboration with the G20 to facilitate the Debt Service Suspension Initiative (DSSI) . We also support the three stages of relief, restructuring, and resilient recovery as well as the four pillars ofthe WBG’s approach to the COVID-19 crisis response.  \nLeaning Forward to Save Lives, Scale-up Impact, and Get Back on Track World Bank Group COVID-19 Crisis Response Update  \n2. We are disheartened that despite the laudable efforts undertaken by individual countries as well asthe WBG, and other international organizations to address the needs of clients, the virus continues unabated, with 80 percent of new infections being registered in developing countries. We are aware that laying a good foundation for resilient recovery and rebuilding better requires the effective containment of the pandemic. In this respect, we call on the WBG to adopt a differentiated approach which recognizes the uniqueness in the levels of economic development, human and institutional capacity to deal with the health and economic effects of the pandemic. We therefore urge the WBG to strategically address the varying needs of LICs/MICs and in particular, in relation to the availability, access, and affordability of vaccines.  \n3. While the effects of the pandemic are still unfolding, available statistics indicate that the COVID- 19 crisis has not spared any country. In Africa, due to limited capacity, the public health and economic response has not come close to matching the scale of the COVID-19 crisis. We, therefore, urge the WBG and IMF to fully assess its impact and determine the needs and scale of support needed for the survival of countries whose economies have been disrupted by the dislocation of regional and international commerce and trade, in addition to internal economic pressures on jobs. We also encourage the IFC to expand its reach beyond its existing clients in the bid to support sustainable recovery for all.  \n4. Recognizing that the prevalence of the pandemic has shifted more towards developing countries, we appreciate the focus ofthe WBG’s response to FCS and the Small States due to the unique circumstances already faced by these countries. However, to leave no one behind, we implore the WBG to mobilize more resources to support the increasing needs of developing countries, including through the effective use of digital technology as well as addressing food insecurity. We further emphasize the need for increased  \nsupport to countries in non-accrual status who are part of the regional value chains, especially in instances where previously allocated resources were diverted from other crucial activities to address the pandemic.  \nImplementation and Extension of the Debt Service Suspension Initiative  \n5. We commend the progress made in implementing the Debt Service Suspension Initiative (DSSI), benefiting 43 countries of the 73 eligible countries wi","cbCain3QwjjYko15","https://ap.wps.com/l/cbCain3QwjjYko15","pdf",195933,4,1,"English","en",105,"# Development Committee statement\n## COVID-19 crisis response update\n## Differentiated needs for LICs/MICs and vaccine access\n## Assessment of impact and support scale\n## Relief, restructuring, and resilient recovery\n## Debt Service Suspension Initiative implementation and extension","[{\"question\":\"What does the statement commend about the World Bank Group’s COVID-19 response?\",\"answer\":\"It commends the World Bank Group’s timely support and efforts in the 4th quarter to expedite assistance through the COVID-19 Fast-Track Facility and to mitigate pandemic effects in client countries.\"},{\"question\":\"What approach does the statement urge regarding LICs and MICs?\",\"answer\":\"It calls for a differentiated approach that reflects differing levels of economic development, human capacity, and institutional capacity, with particular focus on vaccine availability, access, and affordability.\"},{\"question\":\"What position does the statement take on the Debt Service Suspension Initiative (DSSI)?\",\"answer\":\"It supports extending the DSSI through the end of December 2021, urges faster implementation, and calls for broader participation of private creditors and stronger coordination with the G20 and Bretton Woods Institutions.\"}]","Statement by H.E. 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