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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 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.

Details

  • Document Date

    2017/01/10

  • Document Type

    Board Report

  • Report Number

    112728

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2017/02/07

  • Disclosure Status

    Disclosed

  • Board Meeting Date

    2017-01-12T00:00:00Z

  • Doc Name

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

  • Keywords

    Public Expenditure, Financial Management and Procurement;climate change and disaster risk;adverse impacts of climate change;small and medium enterprise;Access to Information Policy;Fragile and Conflict-Affected Situations;financing need;Natural Resources and Environment;access to essential service;nationally determine contribution;access to capital market;African Development Fund;Primary and Secondary Education;access to the internet;access to ict;ownership of state;governance and institutions;gender and development;conflict and violence;domestic resource mobilization;grievance redress mechanism;risk of debt;access to asset;voice and agency;transfer of knowledge;renewable energy generation;labor income growth;reduction in poverty;lack of service;competitiveness and jobs;high quality standard;illicit financial flows;Special Drawing Right;public-private partnership;consumer price index;Public Procurement System;national development objective;pandemic preparedness plan;capital market borrowing;health emergency preparedness;local labor market;source of financing;Risk Management Policies;risk management policy;participation by woman;constraints to development;cost of debt;regional economic integration;debt sustainability analysis;Public Financial Management;Board of Governors;Public Administration Reform;disaster risk management;global public good;Public Health Emergency;financing development;private capital flow;global economic growth;contingent financing mechanism;inclusion of youth;global value chain;package of policy;public credit rating;implementation of operations;legal economic migration;source of funding;impact of climate;high risk investment;labor market integration;living in poverty;small island economies;urban passenger transport;achievement of graduate;reproductive health service;impacts of infrastructure;Job Creation;natural disaster;paradigm shift;small states;Host Communities;acceleration clause;financing terms;policy package;Gender Equality;extreme poverty;grant financing;citizen engagement;financial sustainability;private finance;comparative advantage;business model;concessional financing;governance arrangement;financing package;financial package;climate finance;financial inclusion;financial resource;Crisis Preparedness;Fragile Countries;livelihood support;fragile environment;economic shock;grace period;beneficiary country;financial framework;Population Growth;youth employment;rating agency;hybrid financing;pipeline development;financing commitment;refugee crisis;temporary suspension;international community;commitment authority;urban job;client reach;social accountability;inclusive governance;finance product;fixed rate;job opportunity;eligibility criterion;international expert;concessional loan;floating rate;capital adequacy;financing instrument;voting right;credit term;data quality;economic crisis;burden sharing;private investment;monitoring progress;harmonized list;Job Quality;ensuring transparency;exceptional circumstance;absorptive capacity;development partner;private foundations;aid effectiveness;market debt;delivery operation;beneficiary feedback;operational effectiveness;management framework;prudent financial;debt finance;debt situation;hybrid model;grant element;affected country;minimum requirement;budget planning;global knowledge;real gdp;informal sector;small-scale agriculture;wage employment;demographic projection;measurement tool;population group;global partnership;economic migrant;inclusive society;income gap;environmental change;young people;global economy;demographic pressure;youth bulge;forced displacement;related shock;job opportunities;sustainable infrastructure;gender disparity;poverty trend;knowledge gap;regional partnership;creating opportunity;annex annex;measurement system;investment target;rising inequality;long-term perspective;Portfolio Support;global context;financial service;personal security;climate mitigation;occupational segregation;skill development;Asset Disclosure;financial model

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Citation

Report from the Executive Directors of the International Development Association to the Board of Governors : Additions to IDA Resources - Eighteenth Replenishment (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/348661486654455091/Report-from-the-Executive-Directors-of-the-International-Development-Association-to-the-Board-of-Governors-Additions-to-IDA-Resources-Eighteenth-Replenishment