[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111029-en":3,"doc-seo-111029-105":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":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},111029,7971461741311,"Ophelia","https://ap-avatar.wpscdn.com/avatar/74000253aff267980c6?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779345379180704826",8,"Research & Report","Statement by Ms. Azucena Arbeleche, DC Chair - 105th Meeting of the Development Committee","Statement by Ms. Azucena Arbeleche, DC Chair, for the 105th meeting of the Development Committee held on April 22, 2022, recalls UN action on aggression against Ukraine and urges swift diplomatic resolution. It highlights tighter, volatile global financial conditions and compounding crises in public health, human capital, climate, food and energy insecurity, debt, and fragility, conflict, and violence. The statement calls for increased World Bank Group and IMF vigilance and coordinated support for green, resilient, and inclusive recovery, stronger food security and social protection, and expanded responses to displacement and FCV needs.","Public Disclosure Authorized Public Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committee of the  \nBoards of Governors ofthe Bank and the Fundon the  \nTransfer of Real Resources to Developing Countries)  \nDC/S/2022-0035  \nApril 22, 2022  \nSTATEMENT BY  \nMS. AZUCENA ARBELECHE, DC CHAIR  \nAttached for information for the Members of the Development Committee is a Statement from Ms. Azucena Arbeleche, DC Chair following the Committee’s one hundred and fifth meeting held on April 22, 2022.  \nChair’s Statement: 105th Meeting of the Development Committee  \nMs. Azucena Arbeleche, Minister of Economy and Finance, Oriental Republic of Uruguay  \n1. The Development Committee (DC) recalls that on March 2, the United Nations General Assembly by a majority of 141 countries adopted the resolution ES-11/1 “Aggression against Ukraine” [1] that “deplores in the strongest terms the aggression by the Russian Federation against Ukraine in violation of Article 2 (4) of the Charter” and “demands that the Russian Federation immediately cease its use of force against Ukraine”. Thirty-five countries abstained from the vote; five countries voted against the resolution; some countries expressed no position. The DC recognizes that Russia’s war against Ukraine has massive humanitarian consequences and detrimental repercussions for the global economy through direct and indirect channels. The DC calls for a speedy resolution through diplomatic channels, including “political dialogue, negotiations, mediation and other peaceful means”[2], and for greater international cooperation and strengthened multilateralism to prevent fragmentation and safeguard global economic integration.  \n2. The global economy faces tighter and more volatile financial conditions as well as compounding crises related to public health, human capital, climate change and biodiversity, food and energy insecurity, debt, refugees and internal migration, and fragility, conflict, and violence (FCV) . The impacts will be felt most by low-income countries (LICs) and middle-income countries (MICs), especially their most vulnerable people, including women and children. Economic recovery is likely to remain at risk amid geopolitical tensions, with investment, trade, and global economic growth affected by commodity price shocks, supply chain bottlenecks, inflationary pressures, and disruptions in remittances. The possible emergence of new COVID-19 variants underscores the  \n[1] Quote from UN Resolution ES-11/1 .  \n[2] Idem.  \nneed to prepare for further risks from the pandemic and address the uneven deployment of vaccines. Tax evasion, corruption, as well as illicit financial flows, also remain concerns. We ask the WBG and the IMF to remain vigilant, coordinate actions, and orient their country engagement toward a green, resilient, and inclusive economic recovery, while remaining focused on the twin goals of ending extreme poverty and boosting shared prosperity and helping countries achieve the SDGs.  \n3. The sharp rise in prices for food, energy, and other commodities is weakening food systems and hitting the most vulnerable the hardest, undermining poverty alleviation efforts and exacerbating inequality both in LICs and MICs. Higher costs for fertilizers and supply constraints for staple crops, combined with water scarcity, floods, droughts, and other climate change impacts especially affect small farmers and threaten global food security. We ask the WBG to use all its tools to increase its financing, policy and analytical support to help countries address immediate food security and social protection needs; we also urge it to coordinate closely with MDBs, WFP and other UN agencies, the WTO, the IMF, and other stakeholders on the global response to the crises. We call on the WBG to continue supporting countries in implementing policies to increase resilience amid reduced food supplies, while working to address the underlying vulnerabilities that have exacerbated food insecuri","cbCaioxbTrvrBQ9U","https://ap.wps.com/l/cbCaioxbTrvrBQ9U","pdf",259315,1,6,"English","en",105,"# Chair’s Statement: 105th Meeting of the Development Committee\n## Ukraine and global economic repercussions\n## Global financial volatility and overlapping crises\n## Food systems, climate impacts, and fertilizer constraints\n## Displacement, refugees, and support for FCV situations","[{\"question\":\"What does the Development Committee statement emphasize regarding the war in Ukraine?\",\"answer\":\"It recognizes massive humanitarian consequences and detrimental repercussions for the global economy, and calls for a speedy resolution through diplomatic channels and strengthened multilateralism.\"},{\"question\":\"Which global challenges does the statement identify as compounding crises?\",\"answer\":\"It cites tighter and more volatile financial conditions alongside crises tied to public health, human capital, climate change and biodiversity, food and energy insecurity, debt, refugees and internal migration, and fragility, conflict, and violence.\"},{\"question\":\"How does the statement propose addressing FCV-related needs and displacement?\",\"answer\":\"It calls for enhanced field presence and financial support, continued implementation of the WBG FCV strategy, and expanded economic opportunities and jobs with emphasis on women and girls, alongside improved access to education, health, water, and 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