[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110245-en":3,"doc-seo-110245-105":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},110245,16904993612988,"Olivia Brown","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","Statement by Wang Dongwei - 108th Meeting of the Development Committee - October 12, 2023","Wang Dongwei, Vice Minister of Finance of the People’s Republic of China, delivers a statement at the 108th Meeting of the Development Committee in Marrakech on October 12, 2023. The statement endorses strengthening the World Bank Group through evolution, emphasizing the “Twin Goals” of ending extreme poverty and boosting shared prosperity without trade-offs. It highlights integrating “a livable planet” into vision and mission, calls for new and additional resources for global challenges, and supports reforms that improve efficiency, country ownership, and expanded partnerships.","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 EIGHTH MEETING MARRAKECH, MOROCCO – OCTOBER 12, 2023  \nDC/S/2023-0038 October 12, 2023  \nStatement by  \nWang Dongwei Vice Minister of Finance  \non behalf of  \nPeople’s Republic of China  \nStatement by  \nWang Dongwei  \nVice Minister of Finance  \non behalf of  \nPeople’s Republic of China  \n108th Meeting of the Development Committee  \nOctober 12, 2023  \nMarrakech, Morocco  \nThe world has entered a new period of turbulence and change with various risks intertwined, which poses enormous challenges to international development. We support building a “better and bigger” World Bank Group (WBG), which will strengthen its mission and capacity through evolution process, help developing countries effectively address development challenges including poverty reduction, development financing, climate change, food and energy security, and promote the reform of the international financial system in amore just and equitable direction. We welcome the important progress on WBG evolution since the Spring Meetings, thank the Executive Board and Management for their joint efforts, and commend President Ajay Banga for his outstanding leadership. We look forward to taking the Marrakech Annual Meetings as an important milestone to further push forward the World Bank (WB) evolution and provide more impetus for the implementation of the Sustainable Development Goals (SDGs) .  \nI. Implementing the new vision and mission to achieve “Twin Goals” on “a livable planet”  \nChina welcomes the integration of “a livable planet” into the WBG's vision and mission, which is in line with the visions of Chinese modernization and a community with a shared future for mankind advocated by President Xi Jinping. It means not only harmony between human and nature, but also economic growth, employment, and social inclusiveness. We look forward to fully tapping the connotation of “a livable planet” through the WB evolution, which is not limited to the environmental and climate field, but more broadly reflects our common sustainable development needs. On this basis, the monitoring indicator system should be appropriately developed, and the accountability mechanism should be strengthened.  \nChina stressed that the “Twin Goals”——to end extreme poverty and boost shared prosperity——are the natural mission ofthe WBG and the fundamental starting point for evolution. Addressing global challenges aims to inject new impetus into the realization of the “Twin Goals”, and there should be no trade-off between the two. The WBG should mobilize new and additional resources to support addressing global challenges, while continuing to increase investment in traditional areas of poverty reduction and development. China welcomes the eight global challenges identified in the WB Evolution and looks forward to further expanding the boundaries of global challenges and gradually incorporating the key concerns of developing countries in areas such as trade and debt vulnerability.  \nII. Delivering a “Better Bank” to serve clients with enhanced capability and efficiency  \nThe WBG’s long-standing practice has proved that the country engagement model is the core strength of its operations. The reform of the operational model must follow the principles of country-ownership and demand-driven, and the WBG should stick to cooperate with client countries under the Country Partnership Framework. China appreciates the WBG's emphasis on improving operational efficiency and effectiveness and supports efforts to improve responsiveness to client countries by improving project preparation and approval process and exploring more use of country systems.  \nChina welcomes the launching of“Global Challenge Programs” pilots. The WBG should provide additional concessional financing","cbCaifARm0f4FXmv","https://ap.wps.com/l/cbCaifARm0f4FXmv","pdf",160749,1,4,"English","en",105,"# Statement by Wang Dongwei\n## Implementing the new vision and mission to achieve “Twin Goals” on “a livable planet”\n## Delivering a “Better Bank” to serve clients with enhanced capability and efficiency\n## Building a “Bigger Bank” to increase its financial capacity and scale","[{\"question\":\"What does the statement support regarding the World Bank Group’s evolution?\",\"answer\":\"It supports building a “better and bigger” World Bank Group by strengthening its mission and capacity, while advancing reforms of the international financial system and helping developing countries address key development challenges.\"},{\"question\":\"How does China describe the “Twin Goals” and their relationship to global challenges?\",\"answer\":\"The statement calls the “Twin Goals” the natural mission and starting point for evolution, stressing there should be no trade-off between ending extreme poverty and boosting shared prosperity when addressing global challenges.\"},{\"question\":\"What reforms does the statement propose to improve effectiveness and efficiency for clients?\",\"answer\":\"It emphasizes the country engagement model and country-ownership and demand-driven principles, supports improving project preparation and approval processes, increasing responsiveness through greater use of country systems, and launching pilots for “Global Challenge Programs” with properly designed incentives and 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