On April 16, 2026, the 113th meeting of the joint World Bank Group-International Monetary Fund Development Committee was convened in Washington, D.C., the United States. 

Chaired by Elisabeth Svantesson, Minister for Finance of Sweden and Chair of the Development Committee, the meeting reviewed the document entitled Creating the Enabling Environment for More and Better-Paid Jobs and the Report to Governors at the Spring Meetings on the 2025 Shareholding Review. Attendees included Development Committee members representing 25 constituencies, President of the World Bank Group (WBG) Ajay Banga, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, and Director-General of the World Trade Organization Ngozi Okonjo-Iweala.  

China’s Minister of Finance and China’s Governor at the WBG, Lan Fo’an, attended the meeting and delivered remarks, accompanied by Liao Min, Vice Minister of Finance and Alternate Governor for China at the WBG. Noting that the global economic recovery remained sluggish and geopolitical conflicts continued to escalate, Lan said China hopes that the WBG would uphold multilateralism and contribute positively to safeguarding the existing international order.  

China also expects that the bank would mobilize more financial and intellectual resources to support developing members in improving infrastructure, optimizing the business environment, enhancing endogenous growth drivers, promoting high-quality and full employment and consolidating the foundations for poverty reduction and shared prosperity, Lan said.  

He also called on the WBG to achieve substantive progress in the 2025 shareholding review, further increase the voice and representation of developing countries, and safeguard the institution’s legitimacy and credibility. 

Lan emphasized that, as the world’s second-largest economy and the largest developing country, China has contributed a stable share of around 30 percent to global economic growth in recent years, making a positive contribution to global development. China would continue to serve as a major engine of global growth by vigorously expanding its domestic demand and boosting consumption, while further unleashing the potential and vitality of China's mega-sized market to share development opportunities and dividends with the world.  

Over the past four decades and more, China and the WBG have established a mutually beneficial partnership, Lan said, adding that China stands ready to further deepen cooperation with the WBG, share its reform experiences with other developing countries, and provide more global public goods so that China-WBG cooperation could benefit the world at large. 

On the sidelines of the meeting, he also held bilateral meetings respectively with WBG President Ajay Banga; Deputy Prime Minister and Minister of Economy and Finance of Uzbekistan Jamshid Kuchkarov; Minister of Finance of Pakistan Muhammad Aurangzeb; Minister of Finance of Indonesia Purbaya Yudhi Sadewa; Minister of Finance of Kyrgyzstan Ruslan Suinaliev; and Minister of Finance of Qatar Ali bin Ahmed Al Kuwari.  

They exchanged views on cooperation between China and the WBG as well as cooperation between China and relevant countries under the framework of multilateral development banks.