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Statement by Mr. Luis de Guindosat the 94th meeting of the Development Committee held on October 8, 2016 (English)

This is a statement by Mr. Luis de Guindos, Minister of Economic Affairs and Competitiveness, Spain at the ninety-fourth meeting of the Development Committee held on October 8, 2016.He states that the main forces shaping the global development agenda and their impact on the needs and demands of the World Bank Group’s (WBG) clients in the next 15 years has proven to be a healthy and useful one. It allows us to understand what are the emerging priorities and what the Bank needs to change and improve to achieve its twin goals under the new external environment. We are pleased to see that fragility and conflict situations will remain high in the WBG agenda, and that the WBG, in coordination with other development partners and institutions like the UN, will target long term development challenges in the affected areas, with a special emphasis on private sector development and job creation. We hope that the Bank steps up its work on effective ways to address fragility and conflict in a broad sense, including situations of urban violence and crime which are taking its toll in the development of many countries, including some of our constituency. We also welcome the focus on knowledge to lead the way in development issues at a global level. The Bank should also continue to push the agenda on the provision of global public goods such as fighting climate change, illicit financial flows, pandemics or migration impacts, among others. The WBG has a unique position to ensure the allocation of resources to these global needs which, together with the specific country partnership strategies, will undoubtedly contribute to reduce poverty and boost shared prosperity.

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Statement by Mr. Luis de Guindosat the 94th meeting of the Development Committee held on October 8, 2016 (English). Development Committee Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/879111476210220070/Statement-by-Mr-Luis-de-Guindosat-the-94th-meeting-of-the-Development-Committee-held-on-October-8-2016