[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110812-en":3,"doc-seo-110812-105":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},110812,1374391974468,"Eden","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Statement by Salman bin Khalifa Al Khalifa - 105th Meeting of the Development Committee - April 22, 2022","Statement delivered by H.E. Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy of the Kingdom of Bahrain, on behalf of multiple countries, at the 105th meeting of the Development Committee. The statement highlights concurrent challenges for emerging market and developing economies: rising debt vulnerabilities, food insecurity, tighter global financing, borrowing costs, inflation, uneven recovery, and pandemic-driven disruptions to education, health, nutrition, and employment. It calls for sustained technical and financial support to restore jobs, learning, and skills, applying a GRID approach while addressing debt drivers, strengthening human capital, expanding policy space, mobilizing domestic resources, improving public wealth and investment management, and enhancing capital market development.","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 FIFTHMEETINGWASHINGTON,DC-APRIL 22,2022  \nDC/S/2022-0018  \nApril 22,2022  \nStatement by  \nH.E.Salman bin Khalifa AI KhalifaMinister of Finance and National Economy  \nKingdom of Bahrain  \non behalf of Bahrain,Egypt,Iraq,Jordan,Kuwait,Lebanon,Libya,Maldives,Oman,Qatar,United Arab Emirates,and Yemen  \n## Statement by\n\nH.E.Salman bin Khalifa AI KhalifaMinister of Finance and National Economy  \nKingdom of Bahrain  \non behalf of Bahrain,Egypt,Iraq,Jordan,Kuwait,Lebanon,Libya,Maldives,Oman,Qatar,United Arab Emirates,and Yemen  \n# 105ᵗhMeeting of the Development Committee\n\n## April 22,2022\n\nWashington,DC  \nMany emerging market and developing economies(EMDEs)are facing several concurrent challenges,including rising debt vulnerabilities,greater food insecurity,tighter global financing conditions as well asmounting borrowing costs and inflationary pressures.Additionally,the recovery from the global recessionhas been highly uneven,leaving behind some of the poorest countries,while divergences across and withincountries are expected to expand further.Given this context,developing countries are facing complexpolicy trade-offs combined with declining fiscal space to address these shocks.This will necessitateenhanced support from the WBG to help develop the proper policies to manage uncertainties,maintainmacroeconomic and debt sustainability,boost resilience and accelerate the recovery while protecting thepoorest.  \nMoreover,highly indebted countries,middle income countries(MICs)in particular,are experiencing arapid decline in their economic growth,in addition to rising financing needs to address the socio-economicimpacts of the pandemic.The pandemic has caused a global disruption in education,health,nutrition,andemployment—with the most vulnerable,including women,youth,and informal workers facing the largestburden.The severe human capital losses will surely intensify existing inequalities and cause lasting damageto the productivity and social mobility of current and future generations.Consequently,we urge sustainedtechnical and financial support to reverse human capital losses and prevent permanent damage,with aparticular focus on restoring jobs,learning and skills.Given that resilience,inclusion,and development arelinked,applying the GRID approach,while integrating growth,indicates that supporting drivers ofproductivity and strengthening human capital will be crucial,particularly as all fundamental drivers ofgrowth in EMDEs have been slowing over the past decade and this trend is expected to continue.  \nWe,therefore,believe that addressing pandemic exacerbated debt levels should remain a top prioritytowards achieving the twin goals and Sustainable Development Goals(SDGs).Within this context,we mustdetermine and address drivers of debt and explore solutions for debt challenges facing developingeconomies,particularly given the 100 million new entrants into poverty,who live mostly in MICs.This inaddition to the majority of existing poor already living in MICs.  \nNevertheless,debt can be a beneficial tool if it is transparent,well-managed and effectively spent within acredible growth policy framework and investment strategy.Thus,generating policy space for pro-growthspending will be essential to addressing demographic pressures emanating from a rapidly growing laborforce and high unemployment rates for youth and women in many developing economies,particularly inthe Middle East and North Africa(MENA)region.We,therefore,encourage a linkage with domesticresource mobilization(DRM),as developing countries will require a strong domestic revenue base tofinance essential public services and infrastructure.Furthermore,increased support for the reallocation of  \npublic expenditure towards more reliable safety nets a","cbCaihmQLpIdAEhw","https://ap.wps.com/l/cbCaihmQLpIdAEhw","pdf",423058,1,4,"English","en",105,"# 105th Meeting of the Development Committee\n## April 22, 2022\n## Key macroeconomic and social challenges\n## Policy priorities: debt, recovery, and human capital\n## Building policy space and domestic resource mobilization\n## Improving public investment and wealth management\n## Remittance costs and financial market development\n## Crisis preparedness in fragile and conflict-affected situations","[{\"question\":\"What main challenges are highlighted for emerging market and developing economies?\",\"answer\":\"The statement points to rising debt vulnerabilities, food insecurity, tighter global financing, higher borrowing costs and inflation pressures, and an uneven global recession recovery.\"},{\"question\":\"How does the statement connect the pandemic to education, health, and employment impacts?\",\"answer\":\"It notes that the pandemic disrupted education, health, nutrition, and employment, with the most vulnerable groups facing the largest burden and leading to severe human capital losses that worsen inequality.\"},{\"question\":\"What policy actions does the statement urge to address debt and support recovery?\",\"answer\":\"It calls for determining debt drivers and solutions, creating policy space for pro-growth spending, linking support with domestic resource mobilization, improving safety nets and targeted subsidies, and strengthening public investment management.\"}]",1784487210,10,{"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-salman-bin-khalifa-al-khalifa-105th-meeting-of-the-development-committee-april-22-2022","",{"@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-salman-bin-khalifa-al-khalifa-105th-meeting-of-the-development-committee-april-22-2022/110812/",{"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 main challenges are highlighted for emerging market and developing economies?","Question",{"text":73,"@type":74},"The statement points to rising debt vulnerabilities, food insecurity, tighter global financing, higher borrowing costs and inflation pressures, and an uneven global recession recovery.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"How does the statement connect the pandemic to education, health, and employment impacts?",{"text":78,"@type":74},"It notes that the pandemic disrupted education, health, nutrition, and employment, with the most vulnerable groups facing the largest burden and leading to severe human capital losses that worsen inequality.",{"name":80,"@type":71,"acceptedAnswer":81},"What policy actions does the statement urge to address debt and support recovery?",{"text":82,"@type":74},"It calls for determining debt drivers and solutions, creating policy space for pro-growth spending, linking support with domestic resource mobilization, improving safety 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