Bijlage III: Communiqué van het Development Committee

Development Committee Communiqué
Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the
Transfer of Real Resources to Developing Countries

1. The Development Committee met today, April 22, in Washington, D.C.
2. The global economy is gaining momentum, but risks remain tilted to the downside. Further
improvements in the global outlook will require policies that foster inclusive and sustainable growth,
address financial vulnerabilities, and create jobs and economic opportunities for all. Actions to tackle
the adverse impact of the decline in correspondent banking relations are an important priority for
many countries. World Bank Group (WBG) and International Monetary Fund (IMF) advice and support
are important to advance such policies, deliver the 2030 agenda, and protect the most vulnerable.
3. Reducing inequality is necessary to ensure long-term and sustainable growth. Technological
change, trade, financial flows, and economic integration have helped boost incomes and have
narrowed the economic gaps between countries. But these gains have not always been shared evenly
within countries. We urge the WBG and IMF to redouble efforts to eradicate poverty and ensure that
the benefits of international economic integration are shared widely.
4. We welcome the implementation update on the WBG Forward Look. In October, we endorsed a
vision for a better, stronger, and more agile WBG and identified areas for improvement. We recognize
the progress so far in becoming a better WBG. We encourage continuing efforts, in coordination with
development partners, to implement and report on the Forward Look commitments and associated
policies to (i) prioritize private sector solutions when deploying scarce public resources, including for
infrastructure; (ii) strengthen domestic resource mobilization; (iii) support global public goods; (iv)
assist all WBG client segments; (v) be more agile, responsive, and results-focused in working across
the public and private sectors; and (vi) pay special attention to stabilizing the economy and
supporting growth in situations of fragility, conflict, and violence, as well as to the development needs
of small states.
5. We support the WBG’s scaled-up activities in the area of crisis preparedness, prevention, and
response, through investments to address the root causes and drivers of fragility by helping countries
build institutional and social resilience. We encourage further efforts to mobilize and rapidly disburse
support for countries, communities, and refugees that are affected by famine or forced displacement,
in close coordination with the UN and other partners. We acknowledge the various initiatives by the
WBG to strengthen the Humanitarian-Development-Peace Nexus.
6. We are encouraged by the WBG’s efforts to become more efficient through reforms of its
operational and administrative policies and its People Strategy. We welcome the budget discipline
introduced by the Expenditure Review, acknowledge WBG efforts to ensure transparency and
accountability in tracking and reporting how it uses its scarce resources, and urge continued
commitment on these fronts.
7. We also welcome progress and discussions to strengthen the WBG’s financial capacity. We are
greatly encouraged by the successful IDA replenishment negotiations. IDA18 delivered a record $75
billion thanks to the generosity of partners and the plans to leverage IDA’s equity. Innovative
measures introduced, such as the Private Sector Window, will help catalyze additional resources for
IDA countries. We look forward to successful implementation that maximizes development impact.
8. We take note of the ongoing discussions to enhance the WBG’s financial capacity and enable it to
deliver on the ambition of the Forward Look. We ask the Board and Management to develop a set of
options by the Annual Meetings in October 2017.
9. We welcome the progress made in the Shareholding Review and recall our commitment to the
principles we endorsed in Lima toward a WBG that reflects the evolution of the global economy and

contributions to the WBG’s mission. We are encouraged by progress on diversity and inclusion in WBG
staff and management, and we support similar progress on gender diversity in the Executive Board.
10. The next meeting of the Development Committee is scheduled for October 14, 2017.