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Statement - meeting of the Development Committee

· Fabio Panetta, Governor of the Banca d'Italia (Italy)

Summary written by Dark Majestic in its own words · topics: development and emerging economies, labour markets and jobs

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· Fabio Panetta Wiki · Banca d'Italia WikiStatement - meeting of the Development Committee

ContextWritten statement to the World Bank and IMF Development Committee in Washington on behalf of a group of countries; the Bank of Italy safeguards stability and represents its constituency in global forums.

Why it mattersThe statement asks multilateral lenders to prioritise jobs, schooling and safety nets where conflicts hit hardest.

Problems raised
  1. Conflicts and tensions threaten poverty reduction.
  2. Fragile countries suffer most.
  3. Rules-based governance is challenged.
Solutions proposed
  1. Make international financial institutions more efficient.
  2. Invest in education and skills for jobs.
  3. Expand social protection.
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