CHAIRMAN'S SUMMARY

                       Meeting of IDA Deputies: IDA13Mid-Term Review
                                         Washington, D. C.
                                       November 4-5.2003



1.    , Deputies of donor countries together with representativesfrom borrowing countries met
in Washington November 4-5 toreview progress made in implementing IDA13
recommendations, and broadly concluded that the program was moving forward well. They
stressed the importance of private sector-led growth for poverty reduction and noted that the
PRSP process was now firmly established, but needed sustained support through harmonized
development assistance. On results-based management, they endorsed the work to develop new
indicators in the areas of transport and energy, keeping in mind the need to limit the total number
of indicators.

2.      Deputies and borrower representatives expressed support for IDA's performance-based
allocation system and the work program set out to refine it. With respect to greaterpublic
disclosure of the performance rating system, they looked to the Board for further discussion and
decisions in advance of IDA14, taking account of the diversity of views on the subject.

3.      Deputies agreed, pursuant to the IDA13 agreement,that an equitable mechanism to
address the impact of IDA13 grants on IDA's financial frameworkneeded to be put in place in
advance of IDA14 negotiations. They discussed several approachesand, informed by the
discussion, IDA management will refine options and provide updated proposals to Deputies by
the first weeks of January 2004.

4.      Deputies and borrower representativesreviewed the framework for IDA assistance to
Iraq and agreed that, subject to several factors mandated by the operational procedures of the
institution, assistance should follow normal rules governingIDA access, lending and repayment
in such circumstances.

5.      Deputies and borrower representativesurged early completion of thejoint Bank-Fund
work on debt vulnerability, and encouraged innovation by IDA to develop a menu of instruments
to support debt-vulnerable countries. A broader menu of approaches is also relevant to IDA's
role in accelerating progress toward the Millennium Development Goals. Participants agreed
that trade and growth are the fundamentalunderpinning for poverty reduction and a stronger
development assistance effort. They reviewed the implementation of IDA grants over the short
period that these have been available, and found progress to be satisfactory. They pointed to the
need to continue tomonitor the impact of grants in the future.

6.      Participants broadly supported proposals to enhance selectivity in replenishment
discussions, and to support borrower representation and consultation, in the IDA14 negotiation
process which will begin in spring 2004.