[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109899-en":3,"doc-seo-109899-105":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},109899,13056703019662,"Evangeline","https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188",8,"Research & Report","WBG Governor's Statement No. 6 - October 15, 2020 - Statement by the Hon. Gerd Mueller","WBG Governor’s Statement No. 6 addresses how the COVID-19 pandemic has intensified health and socio-economic hardship, especially in poor and very poor countries, with rising unemployment, hunger, and extreme poverty. It calls for strengthened multilateral coordination and strategic action to achieve the SDGs, including climate-friendly development aligned with the Paris Agreement. The statement emphasizes combining healthcare and social protection with long-term transformation, using digital technologies to close digitalisation gaps, and ensuring fair debt burden-sharing through reforms based on transparency.","Public Disclosure Authorized Public Disclosure Authorized  \nWBG Governor's Statement No. 6  \nOctober 15, 2020  \nStatement by the Hon. GERD MUELLER, Governor of the Bank for GERMANY  \nStatement by the Hon. Gerd Mueller,  \nGovernor of the Bank for Germany  \nThe situation that was already looming on the horizon at our virtual meeting in April has now become a reality: this pandemic is presenting us with global challenges of unprecedented dimensions. COVID-19 is a threat to people’s health worldwide. But the social and economic impacts of the pandemic are hitting people in poor and very poor countries particularly hard. Unemployment, hunger and other illnesses are on the rise. Up to 340 million jobs could be lost by the end of the year, mostly to women. And the number of people facing acute hunger looks set to double.  \nFor the first time since 1998, we will see the progress we had made on fighting poverty being reversed. The proportion of the global population living in extreme poverty will rise up to between 9.1 per cent and 9.4 per cent. Another 115 million people will this year be thrown into extreme poverty. We have a shared global responsibility and we must shoulder it.  \nNow, more than ever, we must therefore join forces and strengthen multilateral efforts. And more than ever before we need to be strategic in our approach in the interests of achieving the SDGs. By striving for a better recovery, we together want to generate a triple dividend, in economic, environmental and social terms. Because climate change and the degradation of the environment are causing new conflicts and intensifying existing ones.  \nThe World Bank Group must make a decisive contribution. Indeed, it has already taken the first steps. The enormous efforts it invested in responding to the COVID-19 pandemic at a very early stage offered compelling proof of its ability to take effective action. The strengthening of the IBRD’s and IFC’s capital base and the replenishment of the IDA immediately prior to that came at the right time. Healthcare and social protection now need to be combined with long-term strategies for sustainable ways of living and producing. Crucially, the World Bank Group must tie its support to clear criteria in order to respond to the crisis in the short term but also to promote the long-term transformation that needs to take place over the long term. This applies to direct project funding but also, and in particular, to Development Policy Operations.  \nThe Bank must once again take more of a leading role on climate and ecological sustainability and align its activities with the objectives of the Paris Agreement. To be sustainable, economic development as a whole must be climate-friendly.  \nIn that endeavour, the Bank must ensure that assistance for reconstruction reach the neediest, foster equality and leave no one behind. We should also use the opportunities offered by digital technologies because they, too, are part of this sustainable transformation.  \nThe crisis has shown that creative digital solutions can be helpful in the health sector, in education, in social protection and in the continuation of business models. Digitalisation gaps need to be closed and data poverty reduced.  \nMany countries are now in the throes of the fourth global wave of debt, against which the World Bank already warned back in December. This calls for an internationally coordinated response. As a first and important step, the G-20 moratorium has been generally successful. Whilst private creditors may have reasons for not wanting to contribute to efforts to resolve the debt problem, this is not acceptable. They must play an appropriate part in tackling the pandemic-related solvency crisis gripping countries particularly hard hit by COVID-19 – even more so given that bilateral donors, the IMF, the World Bank and regional development banks continue to provide financing through the crisis, often in grant form. It would be unacceptable for scarce development fu","cbCairDrf4zFh3c2","https://ap.wps.com/l/cbCairDrf4zFh3c2","pdf",299705,4,1,3,"English","en",105,"# WBG Governor’s Statement No. 6\n## Pandemic impacts and global responsibility\n## Strategic recovery aligned with the SDGs\n## Climate action and sustainable transformation\n## Digital inclusion in health, education, and social protection\n## Debt crisis response and fair burden-sharing\n## Transparency-driven reform and monitoring","[{\"question\":\"What key impacts does the statement highlight from the COVID-19 pandemic?\",\"answer\":\"It highlights threats to people’s health worldwide and severe social and economic impacts in poor and very poor countries, including rising unemployment and hunger and a projected surge in extreme poverty.\"},{\"question\":\"How does the statement propose shaping recovery efforts and long-term transformation?\",\"answer\":\"It advocates strengthening multilateral efforts and using a strategic approach to achieve the SDGs, combining healthcare and social protection with long-term strategies for sustainable ways of living and producing.\"},{\"question\":\"What does the statement say about debt and private creditors?\",\"answer\":\"It calls for an internationally coordinated response, notes the general success of the G-20 moratorium, and argues that private creditors must contribute appropriately to resolve the pandemic-related solvency crisis through fair burden-sharing.\"}]","WBG Governor's Statement No. 6 - October 15, 2020 - Statement by the Hon. 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