The World Bank said that after months of negotiation, partnership, and due to unwavering commitment from the donor community, the 21st replenishment of the International Development Association (IDA) has raised $24 billion in donor contributions.
Thanks to IDA’s unique leveraging model, this $24 billion will generate a total of $100 billion in affordable financing the largest replenishment in IDA’s history. “This is made possible because of donor generosity but also the work we have done to better optimize our balance sheet, take on more risk, and increase our leverage capacity,” said President, The World Bank Group Ajay Banga.
This funding will be deployed to support the 78 countries that need it most, providing resources to invest in health, education, infrastructure, and climate resilience; stabilize economies, create jobs, and build the foundation for a better future; and empower nations to navigate an uncertain world and unlock their full potential.
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