Report from the Executive Directors of the International Development Association to the Board of Governors : Additions to IDA Resources - Eighteenth Replenishment (English)

Responding to heightened global ambitions and escalating risks, IDA18 presents a bold paradigm shift in how it mobilizes finance to support a significant policy package to help IDA clients achieve their development goals. The Eighteenth Replenishment ... See More + Responding to heightened global ambitions and escalating risks, IDA18 presents a bold paradigm shift in how it mobilizes finance to support a significant policy package to help IDA clients achieve their development goals. The Eighteenth Replenishment of IDA (IDA18) is the largest replenishment in IDA’s 56-year history and heralds a significant step change in its policy and financing framework. IDA clients face a myriad of complex and interrelated challenges in the new global economy, calling for innovative approaches to development.These challenges – particularly in light of the 2030 ambitions – call for a new IDA, underpinned by a transformational, ambitious policy and financial package. The IDA18 package responds to the calls from the G20 and international community for the World Bank Group (WBG) to innovate and do everything it can to be a critical implementation agent for achieving the 2030 Agenda. While progress in job creation and poverty reduction cannot be attributed to it alone, IDA has been – and with sufficient support will continue to be – at the forefront of supporting progress through financing, policy dialogue, and transfer of knowledge. IDA Deputies and Borrower Representatives (Participants) chose “Toward 2030: Investing in Growth, Resilience and Opportunity” as the overarching theme for IDA18. The overarching theme captures both the urgency and the need for a comprehensive large-scale approach to mitigate the adverse impacts of climate change and fragility on development and encourages actions to foster growth, equality and better governance so that poverty can be reduced and prosperity shared by all. IDA’s results focus makes it uniquely well placed to maximize development impact and help clients reach the SDGs by 2030.Recognizing the significant scale up in ambition of IDA18, Participants emphasized the need for robust implementation planning to ensure effective impact and results.  See Less -

Document also available in : French, Spanish