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Global Community Makes Record $75B Commitment to End Extreme Poverty
Coalition of 60 donor and borrower governments supports record replenishment for IDA18, with a focus on fragility, climate.
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IDA 101: Taking on Issues for the Global Good
In advance of the IDA18 replenishment, IDA Director Lisa Finneran talks about what to expect in the next 3-year funding cycle.
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Taking on 21st Century Development Challenges
World Bank VP Axel van Trotsenburg on the promise of IDA18: “This is our chance to help break the cycle of conflict and poverty.”
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IDA Announces First-Ever Triple-A Credit Rating
The Triple-A credit rating, issued by Moody’s and S&P, will enable IDA to raise money in the capital markets to support financing of life-changing investments in the world's 77 poorest countries.
IDA at Work
Through an IDA project, 96,000 diploma-level students from disadvantaged socio-economic backgrounds received stipends to access vocational trainings for improved employability.
Through an IDA-supported project, 576,000 people gained access to electricity. The project’s off-grid component stimulated private sector-led development in renewable energy and created one of the strongest environments for small power producers in Africa.
A regional network of upgraded laboratories across East Africa has resulted in a steep rise in laboratory-confirmation of pathogens (from 8 to 88%) and a new mobile phone disease outbreak reporting system.
Voices
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TEDROS ADHANOM GHEBREYESUSMINISTER OF FOREIGN AFFAIRS. ETHIOPIA, OCTOBER 2016
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ABUL MAAL ABDUL MUHITHMINISTER OF FINANCE, BANGLADESH, AUGUST 2016
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EKLIL AHMAD HAKIMIMINISTER OF FINANCE, AFGHANISTAN, JULY 2016
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CELESTIN MONGAMANAGING DIRECTOR, UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION (UNIDO), JULY 2016
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We will try hard to achieve the aims of the IDA. We would like to work together with you, to lift our country out of poverty and to lift our people out of a situation where they are dependent either on other institutions or on other people to survive.
AUNG SAN SUU KYISTATE COUNSELOR MYANMAR AND NOBEL PEACE PRIZE WINNER, JUNE 2016 -
JOSEPH STIGLITZPROFESSOR, COLUMBIA UNIVERSITY
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DANIEL KABLAN DUNCANPRIME MINISTER, COTE D’IVOIRE
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UMED LATIFOVDEPUTY CHAIRMAN, NATIONAL BANK OF TAJIKISTAN, JUNE 2016
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DENNY KALYALYAGOVERNOR, BANK OF ZAMBIA, JUNE 2016
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ALEEM WALJICEO, AGA KHAN FOUNDATION, APRIL 2016
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ARUN JAITLEYMINISTER OF FINANCE, INDIA, APRIL 2016
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DAVID BECKMANNPRESIDENT, BREAD FOR THE WORLD, APRIL 2016
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LYTOU BOUAPAOVICE MINISTER, MINISTRY OF EDUCATION AND SPORTS, LAO PDR, OCTOBER 2013
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AMARA M.KONNEHMINISTER OF FINANCE, LIBERIA, JUNE 2013
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DJOOMART OTORBAEVFIRST VICE PRIME MINISTER, KYRGZ REPUBLIC, JUNE 2013
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DR. GEOFFREY MWAUECONOMIC SECRETARY, KENYA, JUNE 2013
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AMADOU BOUBACAR CISSEMINISTER OF ECONOMIC PLANNING, NIGER, JUNE 2013
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NGOZI OKONJO IWEALACOORDINATING MINISTER OF ECONOMY AND FINANCE, NIGERIA, JUNE 2013
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AMADOU KANEMINISTER OF ECONOMY AND FINANCE, SENEGAL, JUNE 2013
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MUHAMMAD SHEHZAD ARBABSECRETARY OF ECONOMIC AFFAIRS, PAKISTAN, JUNE 2013
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TRAN VANVICE CHAIR OF FINANCE AND BUDGET, VIETNAM, JUNE 2013
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VIVIANA CAROMINISTER OF DEVELOPMENT AND PLANNING, BOLIVIA, JUNE 2013
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MARIE-JOSEE KANKERADEPUTY SPEAKER OF PARLIAMENT, RWANDA, APRIL 2012
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LEADERS OF THE GROUP OF 20SEOUL SUMMIT DOCUMENT, NOVEMBER 2010
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COMMUNIQUÉ OF THE MEETING OF FINANCE MINISTERS AND CENTRAL BANK GOVERNORS, OCTOBER 2010
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WANGDI NORBUMINISTER OF FINANCE, FINANCE MINISTER BHUTAN, OCTOBER 2010
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ABUL MAAL ABDUL MUHITHFINANCE MINISTER OF BANGLADESH, OCTOBER 2010
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SIMON MIBRATHUSECRETARY GENERAL OF MINISTRY OF ECONOMY, FINANCE, AND PLANNING, DJIBOUTI, OCTOBER 2010
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HON. JAKAYA MRISHO KIKWETE, PRESIDENT OF THE UNITED REPUBLIC OF TANZANIATHE GUARDIAN, JULY 30, 2010
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Fragile states like my own will need the help of the Bank to enable us to build a foundation that is already in place, a foundation based upon sound economic policies, efficiency in resource allocation, as well as capacity development... We would like to commend the Bank for all that they have done to put Liberia on the road to recovery, and all the partners who have supported the Bank in this endeavor.
ELLEN JOHNSON SIRLEAFPRESIDENT OF LIBERIA AT A PANEL DISCUSSION, JUNE 30, 2010, BAMAKO, MALI -
It is simple-the IDA is essential. Its loans provide a crucial tool for nations that seek to escape from poverty to sustain growth. It serves our fundamental values, as well as our economic interests, by lowering trade and investment barriers, supporting private sector growth, opening the markets of tomorrow and giving people a chance to succeed.
BILL CLINTONPRESIDENT OF THE UNITED STATES, 1995 ANNUAL MEETINGS -
IDA provides critically needed finance for social infrastructure and human resource development as well as associated assistance in the design of development policies and programs in the poorest countries of the world. If the international community is serious about eradicating the blight of poverty from our planet, IDA must be supported and adequately funded.
MANMOHAN SINGHMINISTER OF FINANCE, INDIA, 1994 ANNUAL MEETINGS -
The United Kingdom has always been a strong supporter of IDA, which we regard as a highly efficient means of channeling resources to the poorest countries.
NIGEL LAWSONCHANCELLOR OF THE EXCHEQUER, UNITED KINGDOM, 1983 ANNUAL MEETINGS -
The establishment of the International Finance Corporation and the International Development Association, is manifest evidence of the fact that international financial cooperation has grown in substance and strength from year to year.
HAYATO IKEDAPRIME MINISTER OF JAPAN, 1964 ANNUAL MEETINGS -
AMARA M.KONNEHMINISTER OF FINANCE, LIBERIA, JUNE 2013
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DJOOMART OTORBAEVFIRST VICE PRIME MINISTER, KYRGZ REPUBLIC, JUNE 2013
Interactive
Global Reach
(As of November 10, 2016)
889
projects totaling$84.53b
operating in10,935
locations across75
countries
IDA Timeline
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Dec 2015IDA mobilizes $1.17 billion for Ebola recoveryIDA has mobilized $1.17 billion to help stop the spread of infections, improve public health systems, and assist countries in coping with the economic impact.
-
Apr 2014Romania Joins World Bank’s Fund for the PoorestRomania’s membership in IDA underscores the increasing role emerging economies are playing in the development of poorer countries.
-
Dec 2013Record Support to End Extreme PovertyDespite tough economic times, a global coalition of developed and developing countries pledged $52 billion for IDA to accelerate the fight to end extreme poverty.
-
Jul 2013The Time to End Poverty Is NowThe world continues to look to IDA to address big problems — from relief for highly indebted countries, to reconstruction in Afghanistan, to the recent global food and economic crises.
-
May 201320 Fragile States Make Progress on MDGsDespite enduring political and economic challenges, 20 fragile and conflict-affected states have recently met one or more MDG targets. Much of the Bank’s work in fragile and conflict-affected states is supported by IDA.
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Mar 2013Ending Extreme Poverty by 2030President Kim calls on the international community to seize the historic opportunity to end extreme poverty by 2030. The International Development Association (IDA) is central to the tremendous effort needed to make this happen.
-
Nov 2012Myanmar and the World Bank Fully Re-engageAn $80 million IDA grant will help add 120 megawatts of electricity—enough power for an additional 5 million people—transforming lives and the economy in a country where only one in four people currently have electricity.
-
Nov 2012Taking Stock and Looking to Next StepsA $1.3 billion Pilot Crisis Response Window is created for the remainder of the IDA15 period (Jan. 2010 to June 2011) to protect low-income countries from crises.
-
May 2012Delivering Support to Drought VictimsMore than 17 million people in the Horn of Africa were hit hard by one of the worst droughts in 60 years with widespread hunger, deaths, and the loss of subsistence crops and livestock. To help mitigate the impacts, IDA allocated $250 million through its Crisis Response Window.
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Dec 2011IDA Speeds Up Delivery of Crisis FundingIDA adopted a new mechanism to expedite funding to countries in the immediate aftermath of a crisis or emergency. The Immediate Response Mechanism allows participating IDA countries immediate access to a portion of undisbursed balances of their IDA project portfolio in the event of an eligible crisis or emergency.
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Nov 2011Global Leader in TransparencyIDA was hailed as a global aid transparency leader by Publish What You Fund, a UK-based coalition of civil society organizations working on governance, aid effectiveness, and access to information. IDA was ranked #1 out of 58 donors in the index.
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Dec 2010IDA's Focus on Frontier IssuesDuring the IDA16 replenishment round, IDA deputies and borrowing country representatives agreed that IDA should focus more on delivering development results—with a special emphasis on the themes of gender, climate change, fragile and conflict-affected countries, and crisis response.
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Dec 2010Fund for Poorest ReplenishedIDA receives another record replenishment of $49.3 billion. Pledges from donors will help countries accelerate progress toward the Millennium Development Goals over the next three years.
-
Dec 2009Republic of Korea Prepays Outstanding DebtThe Republic of Korea prepaid all of its outstanding debt of $33.5 million to IDA. It is the first former aid recipient to become a donor.
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Dec 2009Crisis ResponseA $1.3 billion Pilot Crisis Response Window is created for the remainder of the IDA15 period (Jan. 2010 to June 2011) to protect low-income countries from crises.
-
Dec 2007Record Donor Pledges for IDA15IDA15 Replenishment sees record donor pledges of $25.1 billion for a total allocation of $41.6 billion.
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Dec 2007Liberia Clears Arrears with IDALiberia cleared all overdue debt service payments of $400 million to the World Bank, thereby ‘normalizing’ relations with the Bank and becoming eligible for full debt relief under the Heavily Indebted Poor Country (HIPC) and Multilateral Debt Relief Initiative (MDRI) programs.
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Jul 2006Multilateral Debt Relief Initiative (MDRI) launchedUnder the MDRI, IDA is expected to provide about US$37 billion in debt relief over 40 years, in addition to some US$17 billion of debt relief already committed by IDA under HIPC.
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Feb 2005Largest Expansion in Two DecadesIDA14 Replenishment sees total commitments increase to $34 billion, with 40 donor countries accounting for $18 billion, a 25% increase over IDA13 replenishment.
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Jul 2002Increased Participation for IDA12With 39 donor countries contributing $13 billion, an 18% increase over previous commitments, IDA12 Replenishment totals $23 billion.
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Jan 2002Results Measurement System IntroducedTo measure the degree to which IDA is helping countries grow and reduce poverty, and show its effective use of donor funds, IDA introduces a system for measuring results.
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Feb 2000Debt ReliefUganda receives a debt relief package, becoming the first country to benefit under the Heavily Indebted Poor Countries (HIPC) initiative. In 2000, 22 IDA countries get $37 billion in debt relief under HIPC.
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Nov 1996Launch of HIPC FacilityWith $500 million in funding, the Heavily Indebted Poor Countries (HIPC) Facility is established to provide debt relief to world’s poorest countries.
-
Dec 1992IDA10 CompletedIDA10 sees $22 billion in funding as donors urge greater lending for poverty reduction programs.
-
Mar 1990Debt-Reduction Facility in ActionBolivia becomes the first operation of the debt-reduction facility, receiving $9.1 million to pay off external debt.
-
Dec 1989Record for 9th IDA ReplenishmentIDA9 sees record funding of $15.5 billion from 31 donor countries and Switzerland, covering fiscal years 1991-93.
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Aug 1989Creation of Debt Reduction FacilityThe facility is launched to help IDA countries pay off external commercial debt. To date, it has supported 25 operations in 22 countries.
-
Sep 1982Publication of IDA RetrospectiveIn the face of adverse economic conditions, World Bank president A.W. Clausen commissions a study of IDA’s performance.
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Aug 1982New Donors Contribute to IDA ReplenishmentThe IDA6 Replenishment, worth $12.6 billion, witnesses seven new donors – Argentina, Brazil, Greece, Mexico, Portugal, Romania, and Venezuela – join the 26 others.
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Jan 1974Wiping Out RiverblindnessAn international partnership to eradicate river blindness begins its work in 11 African countries. By 2002, it succeeds in saving millions of people from the debilitating disease.
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Jan 1971IDA’s First Reconstruction CreditWorld Bank President Robert McNamara announces $25 million IDA assistance to assist cyclone-ravaged East Pakistan, currently known as Bangladesh.
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Jul 1964First IDA ReplenishmentEighteen governments commit $753 million, spanning four years, for the first IDA Replenishment (IDA1).
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Aug 1962First Funding for EducationIDA provides its first credit for education to Tunisia to support the construction of schools.
-
May 1961Honduras Receives First IDA CreditHonduras is the recipient of the first-ever IDA credit (Credit 0001) worth $9 million for highway development and maintenance.
-
Sep 1960Launch of IDAWith $912.7 million in initial funding, IDA is established with 15 signatory countries. Today, IDA is one of the largest sources of assistance for the world’s 79 poorest countries and the largest single source of donor funds for basic social services in these countries.
-
Feb 1960Defining IDA’s PurposeIDA’s purpose is to promote economic development and raise standards of living in the less developed areas of the world by providing financing on flexible terms, including interest-free grants and loans.
IDA Timeline
-
Dec 2015IDA mobilizes $1.17 billion for Ebola recovery
IDA has mobilized $1.17 billion to help stop the spread of infections, improve public health systems, and assist countries in coping with the economic impact.
-
Apr 2014Romania Joins World Bank’s Fund for the Poorest
Romania’s membership in IDA underscores the increasing role emerging economies are playing in the development of poorer countries.
-
Dec 2013Record Support to End Extreme Poverty
Despite tough economic times, a global coalition of developed and developing countries pledged $52 billion for IDA to accelerate the fight to end extreme poverty.
-
Jul 2013The Time to End Poverty Is Now
The world continues to look to IDA to address big problems — from relief for highly indebted countries, to reconstruction in Afghanistan, to the recent global food and economic crises.
-
May 201320 Fragile States Make Progress on MDGs
Despite enduring political and economic challenges, 20 fragile and conflict-affected states have recently met one or more MDG targets. Much of the Bank’s work in fragile and conflict-affected states is supported by IDA.
-
Mar 2013Ending Extreme Poverty by 2030
President Kim calls on the international community to seize the historic opportunity to end extreme poverty by 2030. The International Development Association (IDA) is central to the tremendous effort needed to make this happen.
-
Nov 2012Myanmar and the World Bank Fully Re-engage
An $80 million IDA grant will help add 120 megawatts of electricity—enough power for an additional 5 million people—transforming lives and the economy in a country where only one in four people currently have electricity.
-
Nov 2012Taking Stock and Looking to Next Steps
A $1.3 billion Pilot Crisis Response Window is created for the remainder of the IDA15 period (Jan. 2010 to June 2011) to protect low-income countries from crises.
-
May 2012Delivering Support to Drought Victims
More than 17 million people in the Horn of Africa were hit hard by one of the worst droughts in 60 years with widespread hunger, deaths, and the loss of subsistence crops and livestock. To help mitigate the impacts, IDA allocated $250 million through its Crisis Response Window.
-
Dec 2011IDA Speeds Up Delivery of Crisis Funding
IDA adopted a new mechanism to expedite funding to countries in the immediate aftermath of a crisis or emergency. The Immediate Response Mechanism allows participating IDA countries immediate access to a portion of undisbursed balances of their IDA project portfolio in the event of an eligible crisis or emergency.
-
Nov 2011Global Leader in Transparency
IDA was hailed as a global aid transparency leader by Publish What You Fund, a UK-based coalition of civil society organizations working on governance, aid effectiveness, and access to information. IDA was ranked #1 out of 58 donors in the index.
-
Dec 2010IDA's Focus on Frontier Issues
During the IDA16 replenishment round, IDA deputies and borrowing country representatives agreed that IDA should focus more on delivering development results—with a special emphasis on the themes of gender, climate change, fragile and conflict-affected countries, and crisis response.
-
Dec 2010Fund for Poorest Replenished
IDA receives another record replenishment of $49.3 billion. Pledges from donors will help countries accelerate progress toward the Millennium Development Goals over the next three years.
-
Dec 2009Republic of Korea Prepays Outstanding Debt
The Republic of Korea prepaid all of its outstanding debt of $33.5 million to IDA. It is the first former aid recipient to become a donor.
-
Dec 2009Crisis Response
A $1.3 billion Pilot Crisis Response Window is created for the remainder of the IDA15 period (Jan. 2010 to June 2011) to protect low-income countries from crises.
-
Dec 2007Record Donor Pledges for IDA15
IDA15 Replenishment sees record donor pledges of $25.1 billion for a total allocation of $41.6 billion.
-
Dec 2007Liberia Clears Arrears with IDA
Liberia cleared all overdue debt service payments of $400 million to the World Bank, thereby ‘normalizing’ relations with the Bank and becoming eligible for full debt relief under the Heavily Indebted Poor Country (HIPC) and Multilateral Debt Relief Initiative (MDRI) programs.
-
Jul 2006Multilateral Debt Relief Initiative (MDRI) launched
Under the MDRI, IDA is expected to provide about US$37 billion in debt relief over 40 years, in addition to some US$17 billion of debt relief already committed by IDA under HIPC.
-
Feb 2005Largest Expansion in Two Decades
IDA14 Replenishment sees total commitments increase to $34 billion, with 40 donor countries accounting for $18 billion, a 25% increase over IDA13 replenishment.
-
Jul 2002Increased Participation for IDA12
With 39 donor countries contributing $13 billion, an 18% increase over previous commitments, IDA12 Replenishment totals $23 billion.
-
Jan 2002Results Measurement System Introduced
To measure the degree to which IDA is helping countries grow and reduce poverty, and show its effective use of donor funds, IDA introduces a system for measuring results.
-
Feb 2000Debt Relief
Uganda receives a debt relief package, becoming the first country to benefit under the Heavily Indebted Poor Countries (HIPC) initiative. In 2000, 22 IDA countries get $37 billion in debt relief under HIPC.
-
Nov 1996Launch of HIPC Facility
With $500 million in funding, the Heavily Indebted Poor Countries (HIPC) Facility is established to provide debt relief to world’s poorest countries.
-
Dec 1992IDA10 Completed
IDA10 sees $22 billion in funding as donors urge greater lending for poverty reduction programs.
-
Mar 1990Debt-Reduction Facility in Action
Bolivia becomes the first operation of the debt-reduction facility, receiving $9.1 million to pay off external debt.
-
Dec 1989Record for 9th IDA Replenishment
IDA9 sees record funding of $15.5 billion from 31 donor countries and Switzerland, covering fiscal years 1991-93.
-
Aug 1989Creation of Debt Reduction Facility
The facility is launched to help IDA countries pay off external commercial debt. To date, it has supported 25 operations in 22 countries.
-
Sep 1982Publication of IDA Retrospective
In the face of adverse economic conditions, World Bank president A.W. Clausen commissions a study of IDA’s performance.
-
Aug 1982New Donors Contribute to IDA Replenishment
The IDA6 Replenishment, worth $12.6 billion, witnesses seven new donors – Argentina, Brazil, Greece, Mexico, Portugal, Romania, and Venezuela – join the 26 others.
-
Jan 1974Wiping Out Riverblindness
An international partnership to eradicate river blindness begins its work in 11 African countries. By 2002, it succeeds in saving millions of people from the debilitating disease.
-
Jan 1971IDA’s First Reconstruction Credit
World Bank President Robert McNamara announces $25 million IDA assistance to assist cyclone-ravaged East Pakistan, currently known as Bangladesh.
-
Jul 1964First IDA Replenishment
Eighteen governments commit $753 million, spanning four years, for the first IDA Replenishment (IDA1).
-
Aug 1962First Funding for Education
IDA provides its first credit for education to Tunisia to support the construction of schools.
-
May 1961Honduras Receives First IDA Credit
Honduras is the recipient of the first-ever IDA credit (Credit 0001) worth $9 million for highway development and maintenance.
-
Sep 1960Launch of IDA
With $912.7 million in initial funding, IDA is established with 15 signatory countries. Today, IDA is one of the largest sources of assistance for the world’s 79 poorest countries and the largest single source of donor funds for basic social services in these countries.
-
Feb 1960Defining IDA’s Purpose
IDA’s purpose is to promote economic development and raise standards of living in the less developed areas of the world by providing financing on flexible terms, including interest-free grants and loans.
People received essential health services (FY2011-2016)
Teachers were recruited and/or trained (FY2011-2016)
People received access to better water services (FY2011-2016)
Kilometers of roads were constructed, rehabilitated or upgraded (FY2011-2016)
