[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110250-en":3,"doc-seo-110250-105":29,"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":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},110250,1649267921044,"Ava Thompson","https://us-avatar.wpscdn.com/avatar/1800007509477c92dfb?_k=1782875107921204101",8,"Research & Report","Statement by Ignazio Visco - 108th Meeting of the Development Committee","Statement by Ignazio Visco, Governor of the Bank of Italy, for the 108th Meeting of the Development Committee, covers the World Bank and IMF Annual Meetings in Marrakech, Morocco. It highlights the need to strengthen resilience to extreme natural events, expresses condolences and support amid geopolitical tensions, and assesses a weak, uncertain global macro outlook with elevated inflation. It welcomes the World Bank evolution report, reinforces the Twin Goals, and urges action on global challenges including poverty, climate, pandemics, fragility, conflict, education, institutional quality, migration, and health preparedness, alongside IDA21 replenishment and transformative jobs and energy and trade initiatives.","Public Disclosure Authorized  \nPublic Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committeeof the  \nBoards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND EIGHTH MEETINGMARRAKECH,MOROCCO-OCTOBER 12,2023  \nDC/S/2023-0047  \nOctober 12,2023  \nStatement by  \nIgnazio ViscoGovernor of the Bank of Italy  \nConstituency of Albania,Greece,Italy,Malta,Portugal,San Marino,and Timor-Leste  \nStatement by  \nIgnazio ViscoGovernor of the Bank of Italy  \nConstituency of Albania,Greece,Italy,Malta,Portugal,San Marino,and Timor-Leste  \n# 108hMeeting of the Development Committee\n\nOctober 12,2023Marrakech,Morocco  \nThe World Bank(WB)and International Monetary Fund(IMF)Annual Meetings come at a poignant timefor Northern Africa.The damages and the human toll of the earthquake here in Morocco and thecatastrophic floods in Libya bring renewed attention to the need to enhance resilience to extreme naturalevents.Our most sincere condolences go to the many thousands who have been injured and displaced.Weremain inspired by the people of Ukraine,who continue to face the Russian aggression with courage anddetermination,and we express our steadfast support to the state of Israel and our unequivocal condemnationof Hamas'appalling and vile acts of terrorism.  \nThe global macroeconomic outlook is weak and highly uncertain.Global growth willslow markedly in2023 and 2024 and risks are clearly tilted to the downside,reflecting not only loss of momentum in someareas,but also the possibility that climate shocks and geopolitical tensions could trigger additional food andenergy price increases.Meanwhile,inflation is still elevated,though somewhat abating.Most emerging anddeveloping economies remain highly vulnerable to global risks.  \nIn this context,the actions of the multilateral system and the international financial institutions are key toproviding swift support to the most vulnerable,building inclusive and resilient economies,and generatingsustainable growth.  \nWe therefore welcome the document\"Ending Poverty on a Livable Planet:Report to Governors on WorldBank Evolution”and commend management,staff and the Board of Directors for the significant progressmade since last April.The direction is clear,the plan ambitious,and the commitment to the reform agendavisibly strong.This needs to continue.We will maintain our support for this work over the coming monthswith a constructive approach and look forward to further progress by the 2024 Spring Meetings.  \nWe agree with the proposed vision and mission,which retain the Twin Goals-eradicating extreme povertyand boosting shared prosperity-while stressing the importance of addressing global challenges.Mostimportantly,this acknowledges that the fight against extreme poverty and inequality cannot be achievedwithout addressing the inter-related threats of climate change,pandemics,fragility,and conflict,as well asthe pressures related to demographic developments.  \nWe note the eight global challenges the WB willfocus on in the next few years.We invite the WB to scaleup its action on these challenges without losing impetus on key engines of growth like education andinstitutional quality.We expect the WB to play a greater role in tackling the root causes of irregularmigration,drawing on the 2023 World Development Report on Refugees and Migrants to developinnovative and effective solutions.We must recognize that migration is strongly intertwined with the eightglobal challenges and has significant regional and global spillovers.We also call on the WB to advance ourcollective efforts on pandemic prevention,preparedness,and response(PPR),as well as other global health-related issues.  \nWe cannot lose sight of the increasing development needs of the poorest countries and must work togetherfor a strong IDA21 replenishment.In Africa in particular,old and new challenges have combined to make  \nthe most vulnerable dramatically more so,especially young ","cbCaifMImX7CVdJc","https://ap.wps.com/l/cbCaifMImX7CVdJc","pdf",364401,1,4,"English","en",105,"# 108th Meeting of the Development Committee\n## Global economic outlook and resilience needs\n## World Bank evolution, goals, and global challenges\n## Migration, pandemic prevention, and health priorities\n## IDA21 replenishment, jobs, energy, trade, and digitalization\n## Supply-chain and critical minerals partnership\n## Fragility, local institutions, private sector, and CAF capital adequacy","[{\"question\":\"What global conditions does Ignazio Visco emphasize at the 108th Development Committee meeting?\",\"answer\":\"He stresses a weak and highly uncertain macroeconomic outlook, slower global growth with downside risks, elevated inflation, and heightened vulnerability in emerging and developing economies.\"},{\"question\":\"What does the statement say about the World Bank’s reform direction and goals?\",\"answer\":\"It welcomes the World Bank evolution report, noting a clear direction, an ambitious plan, and strong commitment to the reform agenda while reaffirming the Twin Goals of ending extreme poverty and boosting shared prosperity.\"},{\"question\":\"Which key areas does the statement urge the World Bank to scale up?\",\"answer\":\"It calls for stronger action on global challenges, especially education and institutional quality, the root causes of irregular migration, pandemic prevention preparedness and response, and broader efforts addressing climate, fragility, and 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global conditions does Ignazio Visco emphasize at the 108th Development Committee meeting?","Question",{"text":74,"@type":75},"He stresses a weak and highly uncertain macroeconomic outlook, slower global growth with downside risks, elevated inflation, and heightened vulnerability in emerging and developing economies.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What does the statement say about the World Bank’s reform direction and goals?",{"text":79,"@type":75},"It welcomes the World Bank evolution report, noting a clear direction, an ambitious plan, and strong commitment to the reform agenda while reaffirming the Twin Goals of ending extreme poverty and boosting shared prosperity.",{"name":81,"@type":72,"acceptedAnswer":82},"Which key areas does the statement urge the World Bank to scale up?",{"text":83,"@type":75},"It calls for stronger action on global challenges, especially education and institutional quality, the root causes of irregular migration, pandemic prevention 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