[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110771-en":3,"doc-seo-110771-105":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},110771,687197207057,"Sage","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Statement by Liz Truss and Rishi Sunak - 105th Meeting of the Development Committee - April 22, 2022","Statement delivered at the 105th Meeting of the Development Committee (World Bank and IMF governance) on April 22, 2022 in Washington, DC. Liz Truss and Rishi Sunak outline the UK’s solidarity with Ukraine amid Russia’s invasion and call for rapid, coordinated financial support delivered through the World Bank. The statement emphasizes scaling guarantees and grants, addressing food-price and export impacts affecting vulnerable countries, and supporting Ukraine’s economic realignment toward democracies. It also urges investment, trade focus in the Western Balkans, reliable finance alternatives to malign actors, and additional packages covering reconstruction planning, refugee pressures, poorest-country resilience, and food and agriculture programs.","P lubl  D iic os rls reu Auor ez Pub lc D c os reisc os ru Auor ez   \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 FIFTH MEETING WASHINGTON, DC – APRIL 22, 2022  \nDC/S/2022-0030 April 22, 2022  \nStatement by  \nRt. Hon. Liz Truss  \nSecretary of State for the Foreign, Commonwealth and Development Affairs and Minister for Women and Equalities  \nand  \nRt. Hon. Rishi Sunak  \nChancellor of the Exchequer  \nUnited Kingdom  \nStatement by  \nRt. Hon. Liz Truss  \nSecretary of State for the Foreign, Commonwealth and  \nDevelopment Affairs and Minister for Women and Equalities  \nand  \nRt. Hon. Rishi Sunak  \nChancellor of the Exchequer  \nUnited Kingdom  \n105th Meeting of the Development Committee  \nApril 22, 2022  \nWashington, DC  \n1. The Development Committee meets at a pivotal moment as Russia’s illegal, unprovoked and brutal invasion of Ukraine continues. We offer our full solidarity to the people of Ukraine and condemn in the strongest possible terms the catastrophic aggression of the Russian Federation.  \n2. The UK welcomes the World Bank Group’s (WBG) leadership in standing with Ukraine and in stopping operations in Russia and Belarus. Ukraine requires co-ordinated, fast disbursing support to meet its immediate financing needs. We strongly endorse the WBG’s commitment to anchor and manage financial support for the Government and call on all partners to use the Bank as a main conduit for support, as requested by the Government of Ukraine. We recognise the commitments already made by the WBG and other partners to provide financial support. But we urge a rapid scaling up given the size of immediate needs.  \n3. UK support stands now at over £1 billion. The UK has offered approximately £730 million ($950 million) in financial guarantees so the World Bank can lend more without taking resources away from therest of the world. Alongside this, the UK is providing £394 million in grant aid, including £74 million ($100 million) to the Multi Donor Trust Fund, which will help ensure continued provision of vital humanitarian assistance and basic services for Ukrainians.  \n4. Ukraine is an important trading partner for Africa and others. The poorest people of the world are now also bearing the huge cost from this war, on top of the impacts from COVID and the climate crisis. By destroying Ukrainian cities and infrastructure, Russia has crippled Ukraine’s production and exports, exacerbating a growing food crisis. On top of this, Russia’s export restrictions of its own wheat and fertiliserare causing food prices to rise further, hitting the most vulnerable countries and people. The UK, G7 and our allies deplore these senseless actions, and have committed to focus sanctions on Putin’s regime and war effort. Stopping this inexcusable and unnecessary war is the best way to restart trade and to help the poorest countries. We call on the Bank and the international community to help Ukraine restart vital agricultural production and exports.  \n5. Economic support for Ukraine and the region must not just be about the immediate needs. The international community must step-up to help Ukraine realign its economy away from Russia and towards freedom-loving democracies. This is why the UK is liberalising tariffs on all imports from Ukraine and will provide customs easements. We also call on the international community to step up investment and trade in the Western Balkans, supporting the economic pivot away from Russia.  \n6. We must provide reliable and high-quality finance to partner countries, including the poorest, ensuring they have an alternative to the strings-attached financing from malign actors. The UK has re-  \nlaunched British International Investment, the UK’s Development Finance Institution, to help drive highquality investment into partner countries, including from UK capital markets. We strongly encourage the ","cbCaiikShGK3ny05","https://ap.wps.com/l/cbCaiikShGK3ny05","pdf",196806,1,4,"English","en",105,"# Statement by Rt. Hon. Liz Truss and Rt. Hon. Rishi Sunak\n## UK solidarity and support for Ukraine\n## Economic, humanitarian and food-crisis impacts\n## Financing approach and development priorities\n## Requests for additional international packages","[{\"question\":\"What is the meeting’s context and main focus?\",\"answer\":\"The statement is delivered at the 105th Meeting of the Development Committee during Russia’s invasion of Ukraine, focusing on urgent coordinated support for Ukraine and broader development needs.\"},{\"question\":\"How does the UK propose the World Bank should channel support?\",\"answer\":\"The UK endorses anchoring and managing financial support through the World Bank as the main conduit, calling for rapid scaling up to meet immediate needs.\"},{\"question\":\"What economic and humanitarian challenges are highlighted beyond Ukraine’s borders?\",\"answer\":\"The statement links the war to rising food prices and a growing food crisis, worsened by export restrictions, and urges measures to help restart agriculture, stabilize trade, and support vulnerable 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