[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111041-en":3,"doc-seo-111041-105":29,"detail-sidebar-cat-0-en-105":93},{"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},111041,7971461741311,"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 - Secretary Janet Yellen - 103rd Meeting of the Development Committee - April 9, 2021","Statement by Secretary Janet Yellen at the 103rd Development Committee meeting addresses urgent global challenges, led by the COVID-19 pandemic, its widening income inequality impacts, and the existential threat of climate change. It emphasizes ending the health crisis as a prerequisite for economic recovery and calls for strong international cooperation. The statement highlights U.S. commitments to COVAX and support for vaccine access, urges sustained fiscal support for a robust recovery, and discusses the roles of the IMF and World Bank in financing reforms, surveillance, and SDR allocation.","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)  \n## ONE HUNDRED AND THIRD MEETINGWASHINGTON,DC-APRIL 9,2021(VIRTUAL)\n\nStatement by  \nJanet YellenSecretary of the Treasury  \nUnited States  \nDC/S/2021-0030  \nApril 9,2021  \n### U.S.TREASURY DEPARTMENT OFFICE OF PUBLIC AFFAIRS\n\n# Statement by\n\nSecretary Janet Yellen  \n103rd Meeting of the Development Committee  \nApril 9,2021  \nWashington,DC  \n(VIRTUAL)  \nAs we come together virtually this week,the challenges we face are historic.Most immediately is thecontinuing COVID-19 pandemic,which has inflicted tragic loss of life and an economic crisis.The crisishas exacerbated the trend of rising income inequality,raising concerns about a divergent path within andacross countries.We also face the existential threat of climate change.We can only resolve these problemsthrough strong international cooperation.The Biden-Harris administration is committed to working withour partners,including the International Monetary Fund(IMF)and World Bank Group(WBG),to help theworld emerge from this crisis,and set the stage for more inclusive,resilient,and sustainable growth goingforward.  \nThe first order of importance is putting an end to the health crisis,which is a prerequisite to a robusteconomic recovery.Accordingly,the United States is making substantial progress in vaccinating our ownpopulation.And importantly we will work with partners to find global solutions to vaccinating the rest ofthe world.The United States has committed $4 billion to COVAX to help finance vaccine access globally,and I urge others to increase their support for this initiative.The United States will continue to work withpartners to increase vaccine supplies,explore sharing excess vaccines,and make sure financing does notbecome an obstacle for global vaccination.The WBG will continue to be integral in securing access tovaccines for low-income and developing countries.I urge the WBG to use its leadership and conveningroles to support timely access,particularly for the poorest countries,including through collaboration withCOVAX,and to work toward ensuring robust,equitable,and transparent vaccination deployment.I alsourge the WBG and shareholder governments to help overcome challenges to increase vaccinemanufacturing capacity.  \nBeyond the tragic human toll,COVID-19 has also created an economic crisis.The global economic outlookhas improved significantly from a year ago with substantial fiscal and monetary support from majoreconomies.But,the job is not yet done given high uncertainty and the risk of permanent scarring.I urgemajor economies to not just avoid removing support too early,but to strive to provide significant amountsof new fiscal support to secure a robust recovery.To that end,the United States is implementing the $1.9trillion American Rescue Plan(ARP),which provides support to families,small businesses,and localcommunities.The ARP’s passage has contributed to significant upward revisions in U.S.and global growth  \nforecasts.The United States could reach full employment as soon as next year.Going forward,PresidentBiden has outlined another fiscal package to \"build back better\"by focusing on infrastructure across manyareas that are partly aimed to make progress on issues like climate change and inequality.  \nWith limited policy options and longstanding structural challenges,many developing countries have notbeen able to support their economies through the crisis.Without significant action,we could face apermanent divergence in the global economy.The IMF and WBG have provided much-needed emergencysupport to stem the immediate crisis impacts.They must continue to work closely to finance and supportmembers'policy efforts,so their actions complement each other and underpin the international response.As we move past the initial emergency phase,I urge c","cbCaiiz9HwYxupsd","https://ap.wps.com/l/cbCaiiz9HwYxupsd","pdf",1156158,1,4,"English","en",105,"# Statement by Secretary Janet Yellen\n## Ending the health crisis and enabling vaccine access\n## Economic recovery, fiscal support, and global coordination\n## Supporting developing countries: IMF/WBG programs and reforms\n## SDR allocation and transparency/accountability","[{\"question\":\"What are the main global challenges highlighted in the statement?\",\"answer\":\"The statement highlights the continuing COVID-19 pandemic, rising income inequality, and the threat of climate change, arguing that these problems require strong international cooperation.\"},{\"question\":\"How does the statement describe the U.S. approach to global vaccination?\",\"answer\":\"It emphasizes progress vaccinating the U.S. population while working with partners for global solutions, including urging support for COVAX and ensuring financing and vaccine supplies enable equitable deployment.\"},{\"question\":\"What roles are urged for the IMF and World Bank beyond the emergency phase?\",\"answer\":\"The statement urges the IMF and World Bank to continue financing and to support macroeconomic and structural reform agendas, including robust surveillance and concessional lending aligned with country needs.\"},{\"question\":\"What is the statement’s position on SDR allocation?\",\"answer\":\"It supports pursuing a large SDR allocation to strengthen global reserves and calls for transparency and accountability in how SDRs are used, including exploring ways major economies can reallocate SDRs to support low-income countries.\"}]",1784488273,10,{"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":88,"head_meta":90,"extra_data":92,"updated_unix":27},"statement-by-secretary-janet-yellen-103rd-meeting-of-the-development-committee-april-9-2021","",{"@graph":35,"@context":87},[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-secretary-janet-yellen-103rd-meeting-of-the-development-committee-april-9-2021/111041/",{"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",[69,75,79,83],{"name":70,"@type":71,"acceptedAnswer":72},"What are the main global challenges highlighted in the statement?","Question",{"text":73,"@type":74},"The statement highlights the continuing COVID-19 pandemic, rising income inequality, and the threat of climate change, arguing that these problems require strong international cooperation.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"How does the statement describe the U.S. approach to global vaccination?",{"text":78,"@type":74},"It emphasizes progress vaccinating the U.S. population while working with partners for global solutions, including urging support for COVAX and ensuring financing and vaccine supplies enable equitable deployment.",{"name":80,"@type":71,"acceptedAnswer":81},"What roles are urged for the IMF and World Bank beyond the emergency phase?",{"text":82,"@type":74},"The statement urges the IMF and World Bank to continue financing and to support macroeconomic and structural reform agendas, including robust surveillance and concessional lending aligned with country needs.",{"name":84,"@type":71,"acceptedAnswer":85},"What is the statement’s position on SDR allocation?",{"text":86,"@type":74},"It supports pursuing a large SDR allocation to strengthen global reserves and calls for transparency and accountability in how SDRs are used, including exploring ways major economies can reallocate SDRs to support low-income countries.","https://schema.org",{"og:url":51,"og:type":89,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":91,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":94},[95,99,103,107,112,117,122,125,130,133,136],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":96,"show_sort_weight":97,"slug":98},"Story & 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