[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109885-en":3,"doc-seo-109885-105":30,"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":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":11},109885,13056703019662,"Evangeline","https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188",8,"Research & Report","Statement by Hon. Nam-Ki Hong - 101st Meeting of the Development Committee","Statement by Hon. Nam-Ki Hong for the 101st Development Committee meeting (virtual, Washington, DC, April 17, 2020) addresses the impacts of the COVID-19 outbreak on health, lives, and the global economy. It supports the World Bank Group’s US$14 billion fast-track financing package and urges member countries to share experiences so projects and support can reflect successful measures. The statement emphasizes building back better institutions for resilience, with particular attention to small, vulnerable economies and the need for sustained international coordination. It also highlights disaster risk management and public debt challenges, citing Tropical Cyclone Harold as an example.","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 ONE MEETING  \nWASHINGTON, DC – APRIL 17, 2020  \n(VIRTUAL)  \nDC/S/2020-0007 April 17, 2020  \nStatement by  \nHon. Nam-Ki Hong  \nDeputy Prime Minister and Minister of  \nEconomy and Finance  \nKorea  \nOn behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), the Marshall Islands, the Federated States of Micronesia, Mongolia, Nauru, New Zealand, Palau, Papua New Guinea, Samoa, Solomon  \nIslands, Tuvalu and Vanuatu  \nStatement by  \nHon. Nam-Ki Hong  \nDeputy Prime Minister and Minister of  \nEconomy and Finance  \nKorea  \nOn behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), the Marshall Islands, the Federated States of Micronesia, Mongolia, Nauru, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu and Vanuatu  \n101st Meeting of the Development Committee  \nApril 17, 2020  \nWashington, DC  \n(VIRTUAL)  \nCOVID 19 outbreak and development  \nThe COVID-19 pandemic is significantly affecting the wellbeing of all people.  \nThe immediate and most devasting impact is on their health and, tragically for too many, their lives. It is appropriate, therefore, that the World Bank Group’s US$14 billion fast-track financing package focuses primarily on supporting member countries in preventing, detecting, and responding to the rapid spread of COVID-19. We commend the World Bank Group in quickly developing this package and its promise of providing fast and flexible support to meet the varied needs of each country.  \nAt this point in time, our countries are at different stages of responding to the health effects of COVID-19. We encourage countries to share experiences and for the World Bank to draw on these experiences in the design of projects and support. This includes experiences from our constituency, where we have seen innovative and successful measures to curb the spread of the virus and support those infected.  \nThe COVID-outbreak risks devasting the wellbeing of many people and the global economy. When the World Bank was established at Bretton Woods in 1944, it was with a spirit of international co-operation and co-ordination to underpin peace and prosperity. This spirit of working together – international cooperation to address global issues – has led to tremendous benefits in reducing poverty and increasing global prosperity; and it is with this spirit that we need to address the economic challenges triggered by COVID-19.  \nThe almost unprecedented levels of stimulus being applied by individual countries will mitigate short-term economic impacts. However, to recover and prosper requires quickly restoring the global economic, financial and trading system that has served the world well, and the movement of people to support this system. It requires applying lessons learnt from this pandemic to build the resilience of member countries, particularly our most vulnerable members, to all forms of crises. These lessons include the importance of coordinated regional and global action.  \nLooking forward, we encourage fellow member countries to embrace the Bretton Woods spirit in their response to COVID-19 to consider how they can ‘build back better’ their institutions, practices and toolkits, and coordination across countries, to be more resilient to future pandemics for the benefit of everyone of us. The World Bank has an important role in supporting all countries in identifying and applying the lessons from the COVID-19 crisis, and encourage it to apply its technical and financial resources to help all member countries become more resilient by ‘building back better’.  \nWith regard the World Bank’s COVID-19 response package, our constituency wants to emphasis the following issues:  \n1. The small size of many countries in","cbCaim6dhRPyeqlG","https://ap.wps.com/l/cbCaim6dhRPyeqlG","pdf",144111,4,1,3,"English","en",105,"# COVID 19 outbreak and development\n## Health and fast-track financing\n## International coordination and lessons learned\n## Build back better for resilience\n## Country vulnerability and flexibility of support\n## Disaster Risk Management and Public Debt","[{\"question\":\"What does the statement emphasize regarding the World Bank’s COVID-19 response?\",\"answer\":\"It commends the World Bank Group’s US$14 billion fast-track financing package and urges it to provide fast, flexible support tailored to countries’ varied needs.\"},{\"question\":\"Why does the statement stress international coordination?\",\"answer\":\"It argues that close cooperation with the IMF, regional development banks, WHO, UN organizations, and bilateral partners is vital, and that coordination must be sustained over time.\"},{\"question\":\"What key issue does the statement raise for small and vulnerable countries?\",\"answer\":\"It notes that small countries’ thin economies, remoteness, exposure to disasters, and susceptibility to shocks increase vulnerability, and calls for additional flexibility beyond minimum allocations.\"}]","Statement by Hon. Nam-Ki Hong - 101st Meeting of the Development Committee | PDF",1784482860,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":29},"statement-by-hon-nam-ki-hong-101st-meeting-of-the-development-committee","",{"@graph":36,"@context":84},[37,52,67],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,50],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":22},"https://docshare.wps.com/document/research-report/",{"item":51,"name":13,"@type":43,"position":20},"https://docshare.wps.com/document/statement-by-hon-nam-ki-hong-101st-meeting-of-the-development-committee/109885/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":24,"description":14,"dateModified":60,"datePublished":61,"encodingFormat":59,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":41,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What does the statement emphasize regarding the World Bank’s COVID-19 response?","Question",{"text":74,"@type":75},"It commends the World Bank Group’s US$14 billion fast-track financing package and urges it to provide fast, flexible support tailored to countries’ varied needs.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"Why does the statement stress international coordination?",{"text":79,"@type":75},"It argues that close cooperation with the IMF, regional development banks, WHO, UN organizations, and bilateral partners is vital, and that coordination must be sustained over time.",{"name":81,"@type":72,"acceptedAnswer":82},"What key issue does the statement raise for small and vulnerable countries?",{"text":83,"@type":75},"It notes that small countries’ thin economies, remoteness, exposure to disasters, and susceptibility to shocks increase vulnerability, and calls for additional flexibility beyond minimum allocations.","https://schema.org",{"og:url":51,"og:type":86,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,134],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":46,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":105,"slug":137},19,"General","general"]