[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109921-en":3,"doc-seo-109921-105":30,"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":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},109921,1374391974564,"Clementine","https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002",8,"Research & Report","Statement by The Honourable Bill Morneau - on April 17, 2020 (Virtual)","Statement delivered on April 17, 2020 (virtual) to the Development Committee, outlining how the World Bank Group and partners respond to the COVID-19 crisis. It highlights support for a fast-track facility, a coordinated multi-programmatic approach to deploy resources for health systems, and private-sector financing to preserve employment. The statement also urges measures for economic recovery, debt repayment moratoriums for IDA countries, attention to SIDS vulnerabilities, and targeted actions for women, girls, refugees, and displaced persons.","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","cbCaiv5Cczd50JZa","https://ap.wps.com/l/cbCaiv5Cczd50JZa","pdf",406858,4,1,3,"English","en",105,"# Development Committee\n## One Hundred and One Meeting\n## Statement by The Honourable Bill Morneau\n## COVID-19 response and recovery measures\n## Debt relief and support for vulnerable groups","[{\"question\":\"What actions does the statement commend the World Bank Group for during the COVID-19 crisis?\",\"answer\":\"It commends the launch of a fast-track COVID-19 facility and support for a coordinated, first-phase multi-programmatic approach to rapidly deploy financial resources for global health system strengthening.\"},{\"question\":\"How does the statement address economic recovery and international coordination?\",\"answer\":\"It recognizes supply and demand disruptions, welcomes proposed Phase II steps to protect the poor and vulnerable and support business resilience, and emphasizes filling gaps across multilateral tools and response plans in coordination with the IMF and other banks.\"},{\"question\":\"What specific vulnerabilities does the statement urge the World Bank Group to consider?\",\"answer\":\"It calls for attention to women and girls, refugees and forcibly displaced persons, and the particular financial and structural challenges faced by small island developing states, including impacts on tourism revenue and limited fiscal space.\"}]","Statement by The Honourable Bill Morneau - on April 17, 2020 (Virtual) | 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actions does the statement commend the World Bank Group for during the COVID-19 crisis?","Question",{"text":74,"@type":75},"It commends the launch of a fast-track COVID-19 facility and support for a coordinated, first-phase multi-programmatic approach to rapidly deploy financial resources for global health system strengthening.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"How does the statement address economic recovery and international coordination?",{"text":79,"@type":75},"It recognizes supply and demand disruptions, welcomes proposed Phase II steps to protect the poor and vulnerable and support business resilience, and emphasizes filling gaps across multilateral tools and response plans in coordination with the IMF and other banks.",{"name":81,"@type":72,"acceptedAnswer":82},"What specific vulnerabilities does the statement urge the World Bank Group to consider?",{"text":83,"@type":75},"It calls for attention to women and girls, refugees and forcibly displaced persons, and 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