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G-24 Communiqué : Communiqué of the Ministers of the Intergovernmental Group of Twenty-Four, held on October 6, 2016 (English)

This is a statement by Communiqué of the Ministers of the Intergovernmental Group of the Twenty-Four at the ninety-sixth meeting of the Development Committee held on October 8, 2016. He states that the number of people in situation of forced displacement has reached an unprecedented level since the end of World War two, which constitutes both a threat for hosts countries' stability and as many tragic individual situations. While the World Bank's scope of action has been considerably enlarged since 1945, migration phenomena bring the institution back to its initial objectives, namely territories' reconstruction and restoration of war-torn economies. The response to forced displacements meets the two-fold objective of ending extreme poverty by 2030 and promoting shared prosperity. In this context, it is essential that the World Bank continues and strengthens its actions in order to address both the humanitarian crisis, which is a consequence of forced displacement, and the protracted challenges that such situations create in host countries.

Details

  • Document Date

    2016/10/08

  • Document Type

    Board Report

  • Report Number

    108949

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2016/10/11

  • Disclosure Status

    Disclosed

  • Board Meeting Date

    2016-10-08T00:00:00Z

  • Doc Name

    G-24 Communiqué : Communiqué of the Ministers of the Intergovernmental Group of Twenty-Four, held on October 6, 2016

  • Keywords

    intergovernmental group of twenty-four;multiple currency practice;female labor force participation;access to external finance;Fragile and Conflict Situations;central american monetary council;Democratic Republic of Congo;illicit financial flows;international financial institution;capacity of country;costs of conflict;domestic resource mobilization;climate action plan;provision of finance;bretton woods institutions;inequality within country;arab monetary fund;source capital;Private Sector Window;direction of trade;global value chain;refugee crisis;voting power;external shock;quota share;global recovery;Learning and Innovation Credit;global growth;sovereign debt;financial strength;debt sustainability;basic vote;

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Citation

G-24 Communiqué : Communiqué of the Ministers of the Intergovernmental Group of Twenty-Four, held on October 6, 2016 (English). Development Committee Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/153511476204441791/G-24-Communiqué-Communiqué-of-the-Ministers-of-the-Intergovernmental-Group-of-Twenty-Four-held-on-October-6-2016