[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111758-en":3,"doc-seo-111758-105":29,"detail-sidebar-cat-0-en-105":89},{"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},111758,687197207057,"Sage","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Statement by Hon. Sang Mok Choi - 110th Meeting of the Development Committee - October 25, 2024","Statement by Hon. Sang Mok Choi, Deputy Prime Minister and Minister of Economy and Finance of Korea, presented on behalf of a constituency at the 110th Meeting of the Development Committee on October 25, 2024. The statement condemns Russia’s invasion of Ukraine and calls for a comprehensive, just, lasting peace, while expressing solidarity with Ukraine. It highlights grave humanitarian concerns in Gaza, supports ceasefire and hostage release, and urges adherence to international humanitarian law. It discusses global economic risks for vulnerable countries and requests strengthened World Bank Group financing capacity and operational efficiency, including the outcome-oriented Corporate Scorecard and private capital mobilization.","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 TENTH MEETING WASHINGTON, DC – OCTOBER 25, 2024  \nDC/S/2024-0046 October 25, 2024  \nStatement by  \nHon. Sang Mok Choi  \nDeputy Prime Minister and Minister of Economy and Finance  \nKorea  \nOn behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea, the Marshall Islands, the Federated States of Micronesia, Mongolia, Nauru, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu, and Vanuatu  \nStatement by  \nHon. Sang Mok Choi  \nDeputy Prime Minister and Minister of Economy and Finance  \nKorea  \nOn behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea, the Marshall Islands, the Federated States of Micronesia, Mongolia, Nauru, New Zealand, Palau, Papua New Guinea, Samoa,  \nSolomon Islands, Tuvalu, and Vanuatu  \n110th Meeting of the Development Committee  \nOctober 25, 2024  \nWashington, DC  \nWe condemn Russia’s invasion of Ukraine. Russia’s aggression has led not only to a direct humanitarian toll but has also contributed to food and energy insecurity and to economic instability in poor and vulnerable countries. We express our sympathy for the loss of life from this unprovoked and unjustified war and full solidarity with the people of Ukraine. We continue to underscore the need to reach a comprehensive, just, and lasting peace in Ukraine consistent with the UN Charter, andfor greater international cooperation and strengthened multilateralism to prevent fragmentation and safeguard global peace and prosperity.  \nWe remain gravely concerned about the dire humanitarian crisis in Gaza and the number of civilian deaths. We have consistently called for a comprehensive ceasefire, a permanent end to hostilities and the start of reconstruction in Gaza in line with the UN Security Council resolution 2735. We condemn Hamas’attacks on October 7, 2023, and call for the release of all hostages. We call on all parties to uphold and adhere to international humanitarian law, including the protection of humanitarian workers and other civilians. We are also deeply concerned at the risk of escalation and a wider conflict in the Middle East, including on the IsraelLebanon border, which would further contribute to regional and global economic instability. We support all efforts to deescalate and prevent wider regional conflict.  \nWhile global economic growth appears to be stabilizing and inflation is moderating, growth remains lower than pre-pandemic levels and the recovery is uneven. Many of the poorest and most vulnerable countries face a challenging outlook amidst significant downside risks. These risks include increasing uncertainty caused by the ongoing geopolitical tensions, interest rates remaining high in the near term and climate change. High debt levels will make it more difficult to manage these risks. We urge the World Bank Group (WBG) to enhance its role and strive to create an enabling environment for sustainable development until the day when poverty is eradicated on a livable planet.  \nImplementation of the Evolution agenda  \nThe WBG has made remarkable progress on the Evolution agenda in the year of Bretton Woods’ 80th anniversary. We are pleased to see further development, including enhanced financing capacity for IBRD, and a consolidated Corporate Scorecard. Alongside translating the Evolution into action through strong implementation, we ask the WBG to continue its efforts to become a bigger and better Bank.  \nFinancing Capacity  \nIn advancing the WBG's mission and vision, we are pleased with the Bank's ongoing efforts to secure more financial resources, including through balance sheet optimization and the introduction of innovative instruments, and we welcome commitments from shareholders to support these measures. Since the Spring Meeti","cbCaigUGQGg8xPWs","https://ap.wps.com/l/cbCaigUGQGg8xPWs","pdf",188825,1,4,"English","en",105,"# Key geopolitical and humanitarian priorities\n## Ukraine and Russia’s invasion\n## Gaza crisis and Middle East escalation risk\n## Humanitarian law and hostage release\n# Global economic outlook and development priorities\n## Risks to vulnerable countries\n## Bretton Woods/Evolution agenda\n# World Bank Group action areas\n## Financing capacity and callable capital\n## Operational efficiency and effectiveness\n## Corporate Scorecard and accountability","[{\"question\":\"What geopolitical and humanitarian issues does the statement address?\",\"answer\":\"It condemns Russia’s invasion of Ukraine and expresses solidarity with Ukraine while calling for a comprehensive, just, lasting peace. It also highlights the humanitarian crisis in Gaza, condemns Hamas’ attacks on October 7, 2023, and calls for ceasefire, an end to hostilities, reconstruction, and the release of all hostages.\"},{\"question\":\"What does the statement ask the World Bank Group to do regarding global economic risks?\",\"answer\":\"It urges the World Bank Group to enhance its role and create an enabling environment for sustainable development. It emphasizes the need to help vulnerable countries manage risks such as high debt, persistent inflation concerns, geopolitical tensions, interest rates, and climate change.\"},{\"question\":\"Which World Bank Group reforms and tools are emphasized?\",\"answer\":\"The statement highlights progress on the Evolution agenda, increased financing capacity through enhanced callable capital, and a focus on operational efficiency without undermining development effectiveness. It also welcomes an outcome-oriented Corporate Scorecard with disaggregated results shared via an accessible dashboard.\"}]",1784491589,10,{"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":84,"head_meta":86,"extra_data":88,"updated_unix":27},"statement-by-hon-sang-mok-choi-110th-meeting-of-the-development-committee-october-25-2024","",{"@graph":35,"@context":83},[36,52,66],{"@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":21},"https://docshare.wps.com/document/statement-by-hon-sang-mok-choi-110th-meeting-of-the-development-committee-october-25-2024/111758/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":23,"description":14,"dateModified":60,"datePublished":60,"encodingFormat":59,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":40,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":63,"interactionType":64,"userInteractionCount":4},"InteractionCounter",{"@type":65},"ViewAction",{"@type":67,"mainEntity":68},"FAQPage",[69,75,79],{"name":70,"@type":71,"acceptedAnswer":72},"What geopolitical and humanitarian issues does the statement address?","Question",{"text":73,"@type":74},"It condemns Russia’s invasion of Ukraine and expresses solidarity with Ukraine while calling for a comprehensive, just, lasting peace. It also highlights the humanitarian crisis in Gaza, condemns Hamas’ attacks on October 7, 2023, and calls for ceasefire, an end to hostilities, reconstruction, and the release of all hostages.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"What does the statement ask the World Bank Group to do regarding global economic risks?",{"text":78,"@type":74},"It urges the World Bank Group to enhance its role and create an enabling environment for sustainable development. It emphasizes the need to help vulnerable countries manage risks such as high debt, persistent inflation concerns, geopolitical tensions, interest rates, and climate change.",{"name":80,"@type":71,"acceptedAnswer":81},"Which World Bank Group reforms and tools are emphasized?",{"text":82,"@type":74},"The statement highlights progress on the Evolution agenda, increased financing capacity through enhanced callable capital, and a focus on operational efficiency without undermining development effectiveness. 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