[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111772-en":3,"doc-seo-111772-105":29,"detail-sidebar-cat-0-en-105":94},{"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},111772,687197207057,"Sage","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Statement by Janet Yellen - 110th Meeting of the Development Committee - October 25, 2024","Statement by U.S. Treasury Secretary Janet Yellen at the 110th Meeting of the Development Committee addresses the significance of the World Bank and the broader Bretton Woods institutions as key to advancing a shared vision of prosperity and peace. It reviews uneven global economic progress and highlights priorities for accelerating poverty reduction, growth, jobs, and access to essential services, amid major conflicts and shocks. The statement outlines support for MDB Evolution reforms, including an updated mission, financial incentive framework, crisis toolkit, and climate-resilient debt clauses, alongside expanded lending capacity and continued focus on implementation.","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/2024-0060 October 25, 2024  \nStatement by  \nJanet Yellen Secretary of the Treasury  \nUnited States  \nU.S. TREASURY DEPARTMENT OFFICE OF PUBLIC AFFAIRS  \nStatement by  \nJanet Yellen  \nSecretary of the Treasury  \nUnited States  \n110th Meeting of the Development Committee  \nOctober 25, 2024  \nWashington, DC  \nAs we gather for these Annual Meetings and celebrate the 80th Anniversary of the Bretton Woods institutions, we reaffirm just how vital these institutions are to forging common vision, purpose, and delivery of solutions in the pursuit of a prosperous and peaceful world for all. It is also a time of reflection, both on the progress achieved and the work that remains unfinished. And in a world filled with much uncertainty – we know for certain that the evolution of the World Bank is so important because it is an indispensable institution.  \nFaced with numerous shocks, the global economy has been more resilient than many predicted. However, progress has been uneven, and has even reversed for some. Many countries are struggling, and we need to accelerate progress on reducing poverty, stimulating growth, delivering jobs, and expanding access to basic services, including water, energy, quality education and healthcare.  \nRussia’s unprovoked war on Ukraine and the conflict in the Middle East continue to cause deep human suffering and pose significant threats to the global economy. The United States has provided $27 billion in budget support grants to Ukraine in addition to economic and military assistance to support the home front and the front lines, and our historic sanctions coalition will continue to restrict the Russian military’s access to the technology, equipment, and funds it needs to feed its war machine. In the Middle East, the United States remains focused on countering Iran’s destabilizing proxies, facilitating humanitarian aid into Gaza and Lebanon, promoting economic stability in the West Bank, and pressing for a durable ceasefire in Gaza and the release of all hostages. We also know that there are other conflicts that may not capture the headlines but also require our attention.  \nTime and time again, the World Bank is called upon to respond to these and other challenges to support developing countries in boosting sustainable and inclusive growth, fighting poverty, and reducing food insecurity. The work it does and its track record delivering high quality and transparent development  \nfinance underscores why the United States values the World Bank, engages actively with its Management and staff, and is staunchly committed to its strengthening and evolution.  \nShareholders reinforced their commitment to the MDBs two years ago when we collectively called on the World Bank and the regional development banks to evolve to address global challenges such as climate change, pandemics, and fragility and conflict that are reversing hard-won development gains and threatening to undermine global economic growth. Since then, we have made tangible progress in evolving the World Bank’s mission and vision, incentive structure, operating model, and financial capacity so that it is better equipped to help countries respond to global challenges with sufficient speed and scale. The Bank’s updated mission seeks to drive impactful development that is inclusive, resilient to shocks, and sustainable. The new Framework for Financial Incentives encourages countries to pursue projects with cross-border impacts and better connects Bank operations with existing pools of concessional finance. The Bank is now systematically integrating global challenges in its diagnostic work, country engagement, and results measurement. The new crisis preparedness","cbCaifEemSrgoMKV","https://ap.wps.com/l/cbCaifEemSrgoMKV","pdf",278101,1,7,"English","en",105,"# Opening and context\n## Bretton Woods institutions and global challenges\n# Priorities and geopolitical pressures\n## Poverty, growth, jobs, and basic services\n# World Bank reform and MDB Evolution\n## Mission, financial incentives, and diagnostics\n## Crisis preparedness and climate-resilient debt\n# Implementation and capacity expansion\n## Lending capacity and donor contributions\n## Continued momentum for operational effectiveness\n# Closing themes","[{\"question\":\"What is the main purpose of Janet Yellen’s statement at the Development Committee meeting?\",\"answer\":\"It reaffirms the importance of the World Bank and the Bretton Woods institutions, reviews ongoing global challenges, and emphasizes support for MDB Evolution reforms to deliver solutions at greater speed and scale.\"},{\"question\":\"Which development priorities does the statement highlight for accelerating progress?\",\"answer\":\"It stresses accelerating poverty reduction, stimulating growth, delivering jobs, and expanding access to basic services such as water, energy, quality education, and healthcare.\"},{\"question\":\"What reforms does the statement describe as part of the World Bank’s evolution?\",\"answer\":\"It references an updated mission and vision, an incentive structure and framework for financial incentives, integration of global challenges into diagnostics and results measurement, plus a crisis preparedness and response toolkit and climate-resilient debt clauses.\"},{\"question\":\"How does the statement address the World Bank’s ability to respond to global challenges at scale?\",\"answer\":\"It cites steps to responsibly stretch existing resources and boost lending capacity, alongside donor contribution measures aimed at increasing overall capacity for addressing global challenges.\"}]",1784491650,18,{"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":89,"head_meta":91,"extra_data":93,"updated_unix":27},"statement-by-janet-yellen-110th-meeting-of-the-development-committee-october-25-2024","",{"@graph":35,"@context":88},[36,53,67],{"@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-janet-yellen-110th-meeting-of-the-development-committee-october-25-2024/111772/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80,84],{"name":71,"@type":72,"acceptedAnswer":73},"What 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