Deputy Minister of Finance of the Russian Federation and Deputy Governor for Russia at the World Bank Group institutions, Mr. Timur Maksimov, led the delegation that took part in the 105th Meeting of the Development Committee on April 22, 2022.
An official written statement by the Deputy Prime Minister of the Russian Federation and the World Bank Governor Mr. Alexei Overchuk to the Development Committee is available via this link.
The items on the Development Committee Agenda included ‘Digitalization and Development’, ‘Making Debt Work for Development and Macroeconomic Stability’, as well as the ‘Response to Global Impacts of the War in Ukraine: A Proposed Roadmap’.
Mr. Maksimov agreed with the concern voiced in the Development Committee papers about increasing fragility on the global scale and its toll. He supported WBG’s assistance to fragile countries. However, he underlined the inconsistency that despite $1 bn being reserved in the IDA for Syria in the last three cycles, the institution has not been able to find a way to offer help to internally displaced Syrians for their basic needs or vaccines, even through UN institutions.