[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109711-en":3,"doc-seo-109711-105":30,"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":11},109711,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","Statement by the Honourable Bill Morneau - 101st Meeting of the Development Committee - April 17, 2020 - COVID-19 response and international cooperation","Bill Morneau, speaking on behalf of Antigua and Barbuda, The Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Guyana, Ireland, Jamaica, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines, commends the World Bank Group’s rapid COVID-19 response, including the Fast Track COVID-19 Facility and support through IBRD and IDA, plus IFC measures to sustain private-sector employment. He welcomes steps for recovery, a bilateral debt repayment moratorium for IDA countries, and attention to SIDS revenue losses, gender equality needs, and refugee vulnerability. He also highlights climate and disaster-risk management, and debt transparency to support inclusive growth and the SDGs.","Public Disclosure Authorized  \nPublic Disclosure Authorized  \n## DEVELOPMENT COMMITTEE\n\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 ONE MEETINGWASHINGTON,DC-APRIL 17,2020(VIRTUAL)\n\nDC/S/2020-0009  \nApril 17,2020  \n## Statement by\n\n### The Honourable Bill MorneauMinister of FinanceCanada\n\n## on behalf of Antigua and Barbuda,The Bahamas,Barbados,Belize,Canada,Dominica,Grenada,Guyana,Ireland,Jamaica,St.Kitts and Nevis,St.Lucia and St.Vincent and the Grenadines\n\n# Statement by\n\n### The Honourable Bill MorneauMinister of Finance\n\n#### Canada\n\n# on behalf of Antigua and Barbuda,The Bahamas,Barbados,Belize,Canada,Dominica,Grenada,Guyana,Ireland,Jamaica,Saint Kitts and Nevis,Saint Lucia,andSaint Vincent and the Grenadines\n\n101tMeeting of the Development Committee  \nApril 17,2020  \nWashington,DC  \n(VIRTUAL)  \nThe COVID-19 outbreak has had a devastating impact on lives,livelihoods and the global economy.Nowmore than ever,international organizations,governments,civil society,the private sector,and individualsmust work collectively to limit the negative impacts of this pandemic.  \nOn behalf of our constituency,I want to commend the World Bank Group's(WBG)efforts in addressingthis unprecedented crisis.By promptly launching a US$14 billion Fast Track COVID-19 Facility,the WBGhas delivered a critical and swift response to its client countries,demonstrating its ability to enhanceoperations,amidst great uncertainty.We support the joint response by the International Bank forReconstruction(IBRD)and the International Development Association(IDA)in launching their first-phase,multi-programmatic approach which will enable a rapid deployment of much-needed financial resources tostrengthen heath systems globally to protect the health and safety of people.We also support theInternational Finance Corporation's (IFC)efforts to provide financial support to its private sector clients topreserve employment and soften the negative impacts to long-term growth.These actions are greatexamples of how multilateral institutions can-and must-step up to help those that need it the most.  \nThe global economy is facing major challenges,with both supply and demand side disruptions.Werecognize that the WBG,in close coordination with the International Monetary Fund and other MultilateralDevelopment Banks,will have an important role to play in the economic recovery.We welcome the PhaseⅡ steps proposed by the WBG to protect the poor and vulnerable,support businesses,and strengtheneconomic resilience and speed ofrecovery.More than ever,we see the importance of the multilateral systemin tackling global challenges.International financial institutions must work together to identify and fill ingaps in their tools and response plans.  \nWe also welcome the joint WBG-IMF call to enact a bilateral debt repayment moratorium for all IDAcountries.Canada will participate in this common effort by asking our export credit agency,ExportDevelopment Canada,to offer such a debt repayment moratorium on all of its bilateral debt owed by IDAcountries.Suspending bilateral debt repayments will provide IDA countries some urgent financial liquidityto tackle the COVID-19 crisis.We encourage all bilateral creditors to join us in this effort and coordinatethrough the Paris Club.  \nIn addition to grappling with the health-related consequences of COVID-19,Small Island DevelopingStates(SIDS)are facing a devastating loss of revenue from tourism and other industries,increasing debtburdens and limiting fiscal space to deal with the socioeconomic consequences of this crisis.It will benecessary for the WBG to consider SIDS'particular vulnerabilities and needs when conducting country  \nassessments and allocations so that no country is left behind.It will also be important for the WBG toprovide support for critical sectors of SIDS'economies and ensure continuity of,and improvements in,their suppl","cbCaiir2UNAZiqFQ","https://ap.wps.com/l/cbCaiir2UNAZiqFQ","pdf",406858,6,1,3,"English","en",105,"# Development Committee\n## One Hundred and One Meeting - April 17, 2020 (Virtual)\n## Statement by the Honourable Bill Morneau (Minister of Finance, Canada)\n## Commendations: World Bank Group COVID-19 response\n## Economic recovery and multilateral coordination\n## Bilateral debt repayment moratorium for IDA countries\n## Support for Small Island Developing States\n## Gender equality: women and girls in the crisis\n## Refugees and forcibly displaced persons vulnerability\n## Climate change, disaster risk management, and debt sustainability","[{\"question\":\"What does Bill Morneau commend regarding the World Bank Group’s COVID-19 response?\",\"answer\":\"He commends the World Bank Group’s prompt Fast Track COVID-19 Facility and its first-phase, multi-programmatic approach through IBRD and IDA to deploy financial resources for health systems. He also highlights IFC support to preserve employment and reduce long-term growth impacts.\"},{\"question\":\"How does the statement address economic recovery challenges?\",\"answer\":\"It recognizes supply and demand disruptions and emphasizes the WBG’s role in coordination with the IMF and other multilateral development banks. It welcomes phase steps aimed at protecting the poor, supporting businesses, and strengthening resilience and recovery speed.\"},{\"question\":\"What recommendations are made on debt and support for vulnerable groups?\",\"answer\":\"The statement welcomes a joint call for a bilateral debt repayment moratorium for IDA countries and urges coordination through the Paris Club. It also calls for attention to SIDS fiscal constraints, bolstering needs-based health and humanitarian support for women and girls, and accounting for refugees’ vulnerability to virus transmission.\"}]","Statement by the Honourable Bill Morneau - 101st Meeting of the Development Committee - April 17, 2020 - COVID-19 response and international cooperation | PDF",1784482020,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":29},"statement-by-the-honourable-bill-morneau-101st-meeting-of-the-development-committee-april-17-2020-covid-19-response-and-international-cooperation","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,50],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":22},"https://docshare.wps.com/document/research-report/",{"item":51,"name":13,"@type":43,"position":52},"https://docshare.wps.com/document/statement-by-the-honourable-bill-morneau-101st-meeting-of-the-development-committee-april-17-2020-covid-19-response-and-international-cooperation/109711/",4,{"url":51,"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":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-30","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 does Bill Morneau commend regarding the World Bank Group’s COVID-19 response?","Question",{"text":75,"@type":76},"He commends the World Bank Group’s prompt Fast Track COVID-19 Facility and its first-phase, multi-programmatic approach through IBRD and IDA to deploy financial resources for health systems. He also highlights IFC support to preserve employment and reduce long-term growth impacts.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does the statement address economic recovery challenges?",{"text":80,"@type":76},"It recognizes supply and demand disruptions and emphasizes the WBG’s role in coordination with the IMF and other multilateral development banks. It welcomes phase steps aimed at protecting the poor, supporting businesses, and strengthening resilience and recovery speed.",{"name":82,"@type":73,"acceptedAnswer":83},"What recommendations are made on debt and support for vulnerable groups?",{"text":84,"@type":76},"The statement welcomes a joint call for a bilateral debt repayment moratorium for IDA countries and urges coordination through the Paris Club. It also calls for attention to SIDS fiscal constraints, bolstering needs-based health and humanitarian support for women and girls, and accounting for refugees’ vulnerability to virus transmission.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,110,114,119,122,127,130,134],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]