On April 19, 2024, the World Bank (hereinafter referred to as the World Bank) held the 109th meeting of the Development Committee and luncheon. Discussions mainly focused on topics such as progress in implementing World Bank reforms. Minister of Finance and Chairman of the World Bank of China Lan Foan attended the meeting and delivered a speech. All parties support the World Bank as a larger, better and more effective World Bank, helping client countries to efficiently address global challenges, eradicate absolute poverty and promote shared prosperity on a livable planet. All parties welcome the World Bank's further practical reform initiatives in areas such as building a knowledge bank, improving the efficiency of institutional operations, enhancing financial capacity, and mobilizing private sector resources. All parties look forward to the ambitious 21st International Development Association capital increase. All parties support the World Bank's 2025 equity review process in accordance with the Lima Principles, and require management to evaluate whether the Bank's current financial capacity can achieve the new institutional vision and mission.