Early replenishment due to scaled up pandemic response
WASHINGTON, April 15, 2021-The World Bank launched an early twentieth replenishment process of the International Development Association (IDA), its fund for the world’s poorest countries, aiming to support countries in their recovery from the COVID-19 crisis and transition to green, resilient, and inclusive development. The IDA20 replenishment will conclude in December 2021 with a policy and financial package to support 74 countries between July 2022 and June 2025.
“IDA accelerated its financing commitments in 2020 to help the world’s poorest countries contain the impacts of the pandemic and lay the groundwork for recovery. I am pleased that our shareholders have agreed to an early replenishment so IDA can continue these efforts,” said World Bank Group President David Malpass. “IDA is a uniquely effective platform, consolidating global resources from donors and capital markets to support well-focused country programs
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