[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109696-en":3,"doc-seo-109696-105":31,"detail-sidebar-cat-0-en-105":91},{"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":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109696,1374391975076,"Riley","https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051",8,"Research & Report","Statement by Steven T. Mnuchin to the 101st Meeting of the Development Committee - April 17, 2020","Statement by U.S. Treasury Secretary Steven T. Mnuchin to the 101st Meeting of the IMF and World Bank Development Committee, held virtually on April 17, 2020. It highlights COVID-19’s acute impact on the global economy, outlines U.S. fiscal and monetary actions including the CARES Act and emergency lending measures, and calls for IMF and World Bank support. The statement emphasizes strengthening crisis toolkits, financing health and balance of payments needs, and accelerating assistance to low-income countries.","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 ONE MEETING  \nWASHINGTON, DC – APRIL 17, 2020  \nDC/S/2020-0030 April 17, 2020  \nStatement by  \nMr. Steven T. Mnuchin Secretary of the Treasury  \nUnited States  \nU.S. TREASURY DEPARTMENT OFFICE OF PUBLIC AFFAIRS  \nStatement by  \nSecretary Steven T. Mnuchin  \nto the 101st Meeting of the Development Committee  \nApril 17, 2020  \nWashington, DC  \n(VIRTUAL)  \nWASHINGTON – The IMF and World Bank Spring Meetings provide an important opportunity to hold discussions on the acute challenges that the COVID-19 pandemic poses to the global economy. With global growth now projected to contract by close to three percent this year, it is critical that we all do our part to respond to the immediate health crisis and lay the groundwork to restore growth. The IMF and World Bank Group have a key role to play in this response, including by supporting countries’ health systems and fiscal efforts, delivering immediate balance of payments and budget support assistance, providing timely economic analysis, and offering technical advice and capacity development.  \nThe United States has responded to this crisis with bold fiscal and monetary actions, providing an unprecedented level of fiscal stimulus of more than $2 trillion, most notably through the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The CARES Act provides direct support to hardworking Americans through Economic Impact Payments, which have already reached more than 80 million people, and launched the Paycheck Protection Program to help keep half of our private sector workforce—those who work for small businesses—on the payroll. We are working rapidly to provide assistance to airlines, cargo companies, and businesses that are critical for national security. Treasury is also working closely with the Federal Reserve to take aggressive action to support the American economy, including by rapidly establishing a variety of emergency lending facilities to ensure financial markets continue to function. Weare committed to doing everything in our power to alleviate short-term economic distress and to reinvigorate the American economy once this crisis has passed.  \nThe COVID-19 crisis has resulted in a sharp slowdown of the global economy and an extremely uncertain outlook due to the lack of a clear path for resolution of this pandemic. With most projections pointing toward a deep but brief shock, there is an urgent need for all members to deploy extraordinary fiscal and monetary actions to contain the fallout of the outbreak and limit long-term damage to economies, laying the foundation for a strong recovery. Further, we must all stand ready to accelerate and expand our policy  \nactions if needed as circumstances evolve. It is also critical that we work together to mitigate the financial sector risks posed by the COVID-19 pandemic, and to this end we welcome the national efforts and the collective efforts of the Financial Stability Board.  \nThe IMF and World Bank Group must continue to play a key role in assisting members through this crisis with advice, capacity development and financing. The IMF has taken positive steps to strengthen its toolkit and enable a more rapid, flexible response to the crisis, including with increased access for its emergency financing instruments, streamlined procedures to approve new programs, and discussions around the launch of a new Short-term Liquidity Line instrument. We welcome that the IMF has already begun deploying its $1 trillion in resources through approvals of Rapid Financing Instruments for a range of countries, with more to come in the coming weeks and months. As the crisis evolves, we should continue to maximize the availability of the IMF’s lending resources.  \nThe World Bank Group has quickly set","cbCaibY9HTaA8kDm","https://ap.wps.com/l/cbCaibY9HTaA8kDm","pdf",116047,3,1,4,"English","en",105,"# Key context: COVID-19 and the global economy\n## Roles for the IMF and World Bank\n# United States response measures\n## CARES Act and economic support\n## Emergency lending and coordination\n# Global policy priorities and financial stability\n## Fiscal and monetary actions\n## Financial Stability Board collaboration\n# IMF crisis toolkit and lending actions\n## Emergency financing instruments and procedures\n# World Bank Group COVID-19 response plan\n## Health sector projects and IFC investments\n# Shareholder support and funding decisions\n## New Arrangements to Borrow, IDA-19, and IFC capital","[{\"question\":\"What global challenges does the statement identify for the COVID-19 crisis?\",\"answer\":\"It describes an acute health crisis and a sharp slowdown of the global economy with an extremely uncertain outlook due to the lack of a clear resolution path.\"},{\"question\":\"What actions does the United States cite in response to COVID-19?\",\"answer\":\"The statement highlights large fiscal stimulus through the CARES Act, Economic Impact Payments, the Paycheck Protection Program, assistance to critical sectors, and rapid coordination with the Federal Reserve through emergency lending facilities.\"},{\"question\":\"How does the statement describe the IMF and World Bank’s intended roles?\",\"answer\":\"It says the IMF should strengthen and deploy its emergency financing toolkit with faster, more flexible support, while the World Bank Group should use a robust plan spanning health projects, budget and balance of payments assistance, and financing for trade and real-sector needs.\"}]","Statement by Steven T. Mnuchin to the 101st Meeting of the Development Committee - April 17, 2020 | PDF",1784481942,10,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":29},"statement-by-steven-t-mnuchin-to-the-101st-meeting-of-the-development-committee-april-17-2020","",{"@graph":37,"@context":85},[38,53,68],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":20},"https://docshare.wps.com/document/research-report/",{"item":52,"name":13,"@type":44,"position":22},"https://docshare.wps.com/document/statement-by-steven-t-mnuchin-to-the-101st-meeting-of-the-development-committee-april-17-2020/109696/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":24,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":42,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-29","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What global challenges does the statement identify for the COVID-19 crisis?","Question",{"text":75,"@type":76},"It describes an acute health crisis and a sharp slowdown of the global economy with an extremely uncertain outlook due to the lack of a clear resolution path.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What actions does the United States cite in response to COVID-19?",{"text":80,"@type":76},"The statement highlights large fiscal stimulus through the CARES Act, Economic Impact Payments, the Paycheck Protection Program, assistance to critical sectors, and rapid coordination with the Federal Reserve through emergency lending facilities.",{"name":82,"@type":73,"acceptedAnswer":83},"How does the statement describe the IMF and World Bank’s intended roles?",{"text":84,"@type":76},"It says the IMF should strengthen and deploy its emergency financing toolkit with faster, more flexible support, while the World Bank Group should use a robust plan spanning health projects, budget and balance of payments assistance, and financing for trade and real-sector needs.","https://schema.org",{"og:url":52,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,134],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":22,"doc_module":4,"doc_module_name":47,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":47,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":47,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":47,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":47,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":47,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":30,"doc_module":4,"doc_module_name":47,"category_name":132,"show_sort_weight":30,"slug":133},"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":47,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]