This is a statement by H.E. Jiayi Zou, Vice Minister of Finance at the 100th meeting of the Development Committee held on October 19, 2019. Minister Zou states that the World Bank Group (WBG) should firmly uphold the right direction of multilateralism and international development cooperation, urge all the parties to objectively understand and effectively respond to the opportunities and challenges brought about by globalization, work together to keep the world economy open and make globalization more open, inclusive, universal, beneficial, balanced and win-win, so as to make even greater contribution to the development and progress of mankind.
... See More + Minister Zou stated several views on future reform and development of WBG. First, firmly support the rules-based multilateral trading system and ensure better integration of developing countries into global value chains to provide a strong driving force for world economic growth. Second, accelerate the mainstreaming of the Jobs and Economic Transformation (JET) agenda and promote the economic structural transformation and upgrading, productivity improvement and job creation in developing countries. Third, strengthen capital mobilization, refine the human capital index (HCI) and promote human capital development in developing countries. Fourth, take a prudent and step-by-step approach on IDA voting rights review and make sure that the review will equitably and objectively reflect roles and positions of all parties so as to lay a solid foundation for IDA to play an effective role.
See Less -
China has committed itself to be a partner in South-South Cooperation. Over the past forty years, China has pursued a successful path of deliberate and scientific economic development that has lifted hundreds of millions of its citizens out of poverty and into a modern economy.
... See More + The many lessons from China’s experience are relevant to other developing countries as they pursue their own goals of sustainable prosperity and poverty elimination. The World Bank’s partnership with China is uniquely positioned to support South-South Cooperation as a bridge linking China’s rich development experience with the specific needs and challenges of the Bank’s client countries in other parts of the world. Together, China and the World Bank are able to package and deliver rich and relevant expertise, knowledge, and advanced technologies to South-South partner countries through knowledge sharing platforms, hands-on training workshops, practical study tours, and strategic project investments. This report summarizes one such recent study tour. A high-level delegation from the Middle East and North Africa Region (MENA) visited China from 29 January to 05 February 2018 for a South-South cooperation and knowledge sharing study tour. The MENA region faces many challenges similar to those faced in China’s arid northwest; and China’s development experience in agriculture development, water management, and poverty reduction provide useful lessons for the MENA countries as they look to better manage scarce water resources and improve rural livelihoods back home. The study tour was jointly facilitated by the World Bank Agriculture GP and the Bank’s Beijing office, and was financed by the China-World Bank Partnership Facility Trust Fund (CWPF TF). The South-South Knowledge Exchange Study Tour detailed in this report was a six-day event that invited high-level decision-makers from the water and agriculture related ministries of the MENA countries to learn from China’s experiences. The primary objective of the study tour was to share with high-level leaders from the national line ministries of the MENA countries how to embed and integrate the RS-based agriculture water management tools into their decision-making processes. The study tour included three days of high-level ministerial meetings held in Beijing, with presentations on development policy and approaches as well as technical discussions for knowledge sharing between the MENA delegates and officials and experts from various Chinese ministries and research institutions, as well as experts from the World Bank. The study tour also included three days of field visits to sites in Hebei and Shandong provinces showcasing China’s use of science, technology, and institutional reforms for agricultural and water management and poverty reduction.
See Less -
