[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111320-en":3,"doc-seo-111320-105":29,"detail-sidebar-cat-0-en-105":95},{"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},111320,4810365810221,"Aurora","https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d",8,"Research & Report","Statement by Honorable Bihi Iman Egeh - 109th Meeting of the Development Committee - Statement","Statement by Honorable Bihi Iman Egeh, Somalia’s Minister of Finance, delivered for the Africa Group 1 Constituency at the 109th Development Committee meeting on April 19, 2024 in Washington, DC. The statement welcomes World Bank Group progress and stresses ending extreme poverty and shared prosperity. It calls for an ambitious IDA21 replenishment, long-term financial sustainability, simplified policies, faster delivery, and development finance priorities. It also highlights energy access, digital transformation, private investment, fragility, conflict and violence, and climate change adaptation through resilient and inclusive approaches.","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/2024-0026 April 19, 2024  \nStatement by  \nHonorable Bihi Iman Egeh Minister of Finance  \nFederal Republic of Somalia For Africa Group 1 Constituency  \nStatement by  \nHonorable Bihi Iman Egeh  \nMinister of Finance  \nFederal Republic of Somalia  \nFor Africa Group 1 Constituency  \n109th Meeting of the Development Committee  \nApril 19, 2024  \nWashington, DC  \n1. We welcome the progress made in the World Bank Group (WBG) evolution process. We particularly appreciate the continued focus on the twin goals of ending extreme poverty and boosting shared prosperity which remain Africa’s priorities even in the face of overlapping crises and global challenges. We applaud the new WBG playbook’s emphasis on country-driven engagement, redoubling impact, speed, efficiency, and sustainability and minimizing trade-offs. We equally recognize the progress made on establishing the Financial Incentives Framework, the guarantee platform and the Livable Planet Fund.  \n2. We appreciate the prioritization of the Eight Global Challenges and concur that the pursuit of sustainable growth and development requires collective action in addressing these challenges. For this purpose, we acknowledge the emphasis placed on the critical issues affecting our constituency such as addressing the impact of fragility, conflict and violence; increasing access to affordable energy; adapting to the impact of climate change; accelerating digital transformation; increasing private investment; and reducing public debt. We believe energy access and digitalization are enablers of economic growth, essential to Africa’s major goal of halving poverty by 2030. The realization of these priorities requires concessional funding for all our Constituency countries. Thus, securing a robust replenishment of IDA21 is paramount for a constituency that is predominantly composed of IDA beneficiaries.  \nON IDA21 REPLENISHMENT  \n3. We recognize the results delivered by IDA investments in Africa and call for an ambitious IDA21 replenishment, considering that SDGs are off-track in most African countries. We also call for an increased focus on IDA’s long-term financial sustainability and initiatives to simplify IDA policies and procedures and streamline approval and operational processes to achieve speed and impact during the delivery of IDA21 .  \n4. We call for prioritizing development finance through the IDA21 replenishment cycle to support poverty reduction, deliver quality public services, create decent jobs at scale, and promote equitable, ecologically sustainable and inclusive development in Africa. IDA21 resources must be used to support the long-promised economic transformation that would enable African countries to add value to their commodity exports, meet and sustain their development objectives and achieve the WBG mission where poverty is reduced, and prosperity is shared on a livable planet.  \n5. In this regard, leveraging private capital is essential to complement public resources, given the fiscal constraints that limit public spending. IDA21 must enable the development of risk mitigation instruments tailored to the unique political, social, and economic challenges in IDA countries, to facilitate the development of the private sector in IDA countries. The IDA21 Replenishment should, therefore, prioritize an increase in the allocations to IDA Private Sector Window (PSW) to catalyze private sector investments in PSW-eligible countries. We call on IDA donors to substantially raise  \ntheir contributions for IDA21 to enable IDA and FCS countries to leverage the transformative potential of the private sector to create more and better jobs, and to free up additional fiscal space.  \nON ADDRESS","cbCaijcMCpIwFvPI","https://ap.wps.com/l/cbCaijcMCpIwFvPI","pdf",188178,1,6,"English","en",105,"# IDA21 replenishment\n## Development finance priorities and sustainability\n# Addressing fragility, conflict, and violence (FCV)\n## Infrastructure, governance, jobs, and partnerships\n# Tackling challenges of climate change\n## Adaptation and vulnerability impacts","[{\"question\":\"What progress does the speaker welcome regarding the World Bank Group?\",\"answer\":\"The speaker welcomes the WBG evolution process and the twin focus on ending extreme poverty and boosting shared prosperity. They also recognize progress on mechanisms such as the Financial Incentives Framework, guarantee platform, and the Livable Planet Fund.\"},{\"question\":\"Why does the statement emphasize IDA21 replenishment?\",\"answer\":\"The statement argues that many African countries are off-track on the SDGs and therefore call for an ambitious IDA21 replenishment. It also requests a focus on IDA’s long-term financial sustainability and streamlined procedures to achieve speed and impact.\"},{\"question\":\"How does the statement propose addressing fragility, conflict, and violence (FCV)?\",\"answer\":\"It calls for FCV to remain a special theme in IDA21 and for portfolios to be FCV-sensitive through integration into Country Partnership Frameworks. It also urges scaling resources, strengthening governance, attracting investment, and renewing commitment to the Jobs and Economic Transformation agenda, especially for women and youth.\"},{\"question\":\"What climate-related concerns and priorities are highlighted?\",\"answer\":\"The statement notes Africa’s heightened vulnerability to climate change despite low global emissions. It emphasizes the limited capacity to adapt and implies a need for stronger support for climate adaptation and resilience, especially against severe climate impacts.\"}]",1784489604,15,{"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":90,"head_meta":92,"extra_data":94,"updated_unix":27},"statement-by-honorable-bihi-iman-egeh-109th-meeting-of-the-development-committee-statement","",{"@graph":35,"@context":89},[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-honorable-bihi-iman-egeh-109th-meeting-of-the-development-committee-statement/111320/",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",[71,77,81,85],{"name":72,"@type":73,"acceptedAnswer":74},"What progress does the speaker welcome regarding the World Bank Group?","Question",{"text":75,"@type":76},"The speaker welcomes the WBG evolution process and the twin focus on ending extreme poverty and boosting shared prosperity. They also recognize progress on mechanisms such as the Financial Incentives Framework, guarantee platform, and the Livable Planet Fund.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Why does the statement emphasize IDA21 replenishment?",{"text":80,"@type":76},"The statement argues that many African countries are off-track on the SDGs and therefore call for an ambitious IDA21 replenishment. It also requests a focus on IDA’s long-term financial sustainability and streamlined procedures to achieve speed and impact.",{"name":82,"@type":73,"acceptedAnswer":83},"How does the statement propose addressing fragility, conflict, and violence (FCV)?",{"text":84,"@type":76},"It calls for FCV to remain a special theme in IDA21 and for portfolios to be FCV-sensitive through integration into Country Partnership Frameworks. It also urges scaling resources, strengthening governance, attracting investment, and renewing commitment to the Jobs and Economic Transformation agenda, especially for women and youth.",{"name":86,"@type":73,"acceptedAnswer":87},"What climate-related concerns and priorities are highlighted?",{"text":88,"@type":76},"The statement notes Africa’s heightened vulnerability to climate change despite low global emissions. It emphasizes the limited capacity to adapt and implies a need for stronger support for climate adaptation and resilience, especially against severe climate impacts.","https://schema.org",{"og:url":51,"og:type":91,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":93,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":96},[97,101,105,109,114,118,123,126,131,134,138],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":98,"show_sort_weight":99,"slug":100},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":102,"show_sort_weight":103,"slug":104},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},"Exam",70,"exam",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},5,"Comic",60,"comic",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":115,"show_sort_weight":116,"slug":117},"Technology",50,"technology",{"id":119,"doc_module":4,"doc_module_name":45,"category_name":120,"show_sort_weight":121,"slug":122},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":124,"slug":125},30,"research-report",{"id":127,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":129,"slug":130},9,"Religion & Spirituality",20,"religion-spirituality",{"id":129,"doc_module":4,"doc_module_name":45,"category_name":132,"show_sort_weight":129,"slug":133},"World Cup","world-cup",{"id":135,"doc_module":4,"doc_module_name":45,"category_name":136,"show_sort_weight":135,"slug":137},10,"Lifestyle","lifestyle",{"id":139,"doc_module":4,"doc_module_name":45,"category_name":140,"show_sort_weight":110,"slug":141},19,"General","general"]