[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110906-en":3,"doc-seo-110906-105":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},110906,1374391974564,"Clementine","https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002",8,"Research & Report","Statement by Ignazio Visco - 104th Meeting of the Development Committee - October 15, 2021","Statement by Ignazio Visco, Governor of the Bank of Italy, for the 104th Meeting of the Development Committee on October 15, 2021 in Washington, DC. The statement assesses the uneven global recovery from Covid-19 and stresses persistent risks from new variants, poverty, and food insecurity. It calls for concrete World Bank Group action, improved pandemic prevention governance and financing, stronger multilateral coordination, and progress on climate mitigation through green investment, regulation, and ambitious energy transition strategies.","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 FOURTH MEETING WASHINGTON, DC – OCTOBER 15, 2021  \nDC/S/2021-0061 October 15, 2021  \nStatement by  \nIgnazio Visco Governor of the Bank of Italy  \nConstituency of Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste  \nStatement by  \nIgnazio Visco  \nGovernor of the Bank of Italy  \nConstituency of Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste  \n104th Meeting of the Development Committee  \nOctober 15, 2021  \nWashington, DC  \nThe global economy is recovering from the Covid-19 pandemic, thanks largely to progress in vaccination campaigns and continuing policy support. Last year’s coordinated monetary, fiscal and macroprudential response has set the stage for recovery: according to the IMF, the global economic contraction recorded in 2020 would have been three times worse without such swift and worldwide policy support.  \nHowever, downside risks are still substantial due to the possible spread of new and more dangerous variants, and recovery remains highly uneven across the world’s regions. Because of slow progress in vaccinationsand reduced fiscal space, prospects are less favourable in many emerging and developing economies. According to the World Bank, the pandemic has pushed about 100 million people into extreme poverty, thus reversing earlier gains, and exacerbated food insecurity for millions of people.  \nThe world is facing multiple global and interconnected challenges: protecting public health, eradicating extreme poverty, ensuring environmental sustainability, maintaining trade openness and financial stability, addressing humanitarian crises, and fostering peace building. Successfully addressing any of these requires addressing the others. Many of them share the characteristics of the global public good: their provision is endangered if national interests and market outcomes are not mediated by a truly multi-dimensional, multilateral and far-sighted approach.  \nWe therefore welcome the World Bank Group (WBG) papers presented to the Development Committee. The integrated approach combines immediate crisis response with a vision towards increased resilience and inclusiveness, as well as a green and sustainable development model. The focus on prevention and preparedness is particularly welcome since they allow for reducing the human and monetary costs of crises. We urge the WBG to develop a concrete action plan to gain political support and robust commitment to necessary reforms in client countries.  \nCovid-19 has demonstrated the reality of global health threats and their impact on growth. It has also shown that gaps in the global response and the failure to vaccinate vulnerable populations will continue to exacerbate humanitarian crises driving poverty, hunger, and insecurity. In accordance with the recommendations of the G20 High Level Independent Panel, we look forward to concrete proposals for improved governance, financing, and coordination for pandemic prevention, preparedness and response tobe discussed at the upcoming joint meeting of the G20 Finance and Health Ministers. We thank the WBG for its participation in this process and count on its support to advance this agenda.  \nThe global community is finally showing increased awareness of the dramatic repercussions of climate change. The financial system can help reinforce the transition by channeling more resources towards green investments. National governments have the responsibility and the essential democratic legitimacy to  \npromote public and private “green” investments and introduce regulations to limit the amount of allowable emissions, including levying carbon taxes. However, no country or sector can win this battle in isolation: shifting economic development towards a sustainab","cbCaijoxrZzN5kcy","https://ap.wps.com/l/cbCaijoxrZzN5kcy","pdf",155128,1,4,"English","en",105,"# Overview\n## Covid-19 recovery and risks\n## Global interconnected challenges\n# World Bank Group priorities\n## Pandemic prevention, preparedness, and response\n## Climate finance and energy transition\n## Debt treatments and coordination","[{\"question\":\"What recovery concerns does the statement highlight after Covid-19?\",\"answer\":\"It notes that global recovery remains uneven and downside risks persist due to the possible spread of new, more dangerous variants. It also points to slower vaccination progress and reduced fiscal space in many emerging and developing economies.\"},{\"question\":\"What does the statement urge the World Bank Group to develop?\",\"answer\":\"It welcomes the World Bank Group’s integrated approach and calls for a concrete action plan to secure political support and robust commitments to necessary reforms in client countries. It also looks for improved proposals for pandemic governance, financing, and coordination.\"},{\"question\":\"How does the statement connect climate change with the financial system and policy actions?\",\"answer\":\"It argues that the financial system can support the transition by channeling resources to green investments. It emphasizes that governments should promote green investments and introduce regulations such as carbon taxes, while noting that no country or sector can succeed in isolation.\"}]",1784487659,10,{"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-ignazio-visco-104th-meeting-of-the-development-committee-october-15-2021","",{"@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-ignazio-visco-104th-meeting-of-the-development-committee-october-15-2021/110906/",{"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 recovery concerns does the statement highlight after Covid-19?","Question",{"text":73,"@type":74},"It notes that global recovery remains uneven and downside risks persist due to the possible spread of new, more dangerous variants. It also points to slower vaccination progress and reduced fiscal space in many emerging and developing economies.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"What does the statement urge the World Bank Group to develop?",{"text":78,"@type":74},"It welcomes the World Bank Group’s integrated approach and calls for a concrete action plan to secure political support and robust commitments to necessary reforms in client countries. It also looks for improved proposals for pandemic governance, financing, and coordination.",{"name":80,"@type":71,"acceptedAnswer":81},"How does the statement connect climate change with the financial system and policy actions?",{"text":82,"@type":74},"It argues that the financial system can support the transition by channeling resources to green investments. It emphasizes that governments should promote green investments and introduce regulations such as carbon taxes, while noting that no country or sector can succeed in isolation.","https://schema.org",{"og:url":51,"og:type":85,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":87,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":90},[91,95,99,103,108,113,118,121,126,129,132],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":92,"show_sort_weight":93,"slug":94},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":96,"show_sort_weight":97,"slug":98},"Literature",80,"literature",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":100,"show_sort_weight":101,"slug":102},"Exam",70,"exam",{"id":104,"doc_module":4,"doc_module_name":45,"category_name":105,"show_sort_weight":106,"slug":107},5,"Comic",60,"comic",{"id":109,"doc_module":4,"doc_module_name":45,"category_name":110,"show_sort_weight":111,"slug":112},6,"Technology",50,"technology",{"id":114,"doc_module":4,"doc_module_name":45,"category_name":115,"show_sort_weight":116,"slug":117},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":119,"slug":120},30,"research-report",{"id":122,"doc_module":4,"doc_module_name":45,"category_name":123,"show_sort_weight":124,"slug":125},9,"Religion & Spirituality",20,"religion-spirituality",{"id":124,"doc_module":4,"doc_module_name":45,"category_name":127,"show_sort_weight":124,"slug":128},"World Cup","world-cup",{"id":28,"doc_module":4,"doc_module_name":45,"category_name":130,"show_sort_weight":28,"slug":131},"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":45,"category_name":134,"show_sort_weight":104,"slug":135},19,"General","general"]