The 75 economies eligible for low-interest loans and grants from the World Bank’s
International Development Association (IDA) had made notable progress against some important development objectives over the first two decades of this century. Despite this, on the eve of the COVID-19 pandemic, significant development gaps persisted, income convergence with advanced economies was slowing, and some vulnerabilities were rising.
Tag Archives: IDA
IDA Helps to Weave the Fabric of Global Social Protection
government and invests it in her small doughnut business. “I buy baking flour and make doughnuts for selling,” says Marcelina, a widow, who uses the money she makes to support her late sister’s five children. “From my last bi-monthly payment of 300 Kwacha ($14), I made doughnuts and sold them for 400 Kwacha that helps me pay for school fees for the orphaned children I look after. I urge all other widows to not only eat the money but grow it like I do.”
Record IDA Replenishment Essential as Debt Crisis Looms
Highlights:
Low-income countries face a sweeping debt crisis, making it all the more urgent for the IDA21 replenishment to be the largest ever.
Ballooning debt payments are pulling scarce resources from development priorities, threatening hard-won development gains and investment in people and environment.
Private lending to low-income countries has evaporated, leaving the World Bank and other multilateral development banks the lender of last resort for many countries—particularly the poorest.
Law, Justice and Development Week 2023
The World Bank’s Bold New Vision
“To create a world free of poverty – on a livable planet.”
This vision and mission will test the sincerity of our ambition – it sets us on a journey that will require reimagined partnerships, a new way of working and thinking, an innovative plan to scale and replicate, additional resources, and optimism for what could be possible.
In all corners of the globe, people are eager to go to work, and to create with their own hands. They want a better life for their children and grandchildren.
We must be the hand on the back – moving people forward. We must be an institution that exports optimism and impact.
Thailand to host the 2026 World Bank-IMF Annual Meetings
Annual Meetings: World Bank Events
October 9-15, 2023
GO TO: EVENT REPLAYS | FEATURED SPEAKERS
During the World Bank Group-International Monetary Fund Annual Meetings that took place from October 9-15, we brought you live events that focused on what it would take to end poverty on a livable planet. Speakers included central bankers, ministers, private sector executives, civil society representatives, youth leaders, academics, and others on issues facing our world at that time. Together, we explored the new playbook needed to respond to intertwined global challenges. We discussed solutions that worked on the ground in developing countries, strategies to boost jobs, digital infrastructure, and climate action.
You can revisit these discussions with the hashtag #WBmeetings and watch the event replay in English, Arabic, French and Spanish.
Remarks by World Bank Group President Ajay Banga
at the 2023 Annual Meetings Plenary
The World Bank’s Bold New Vision
“To create a world free of poverty – on a livable planet.”
This vision and mission will test the sincerity of our ambition – it sets us on a journey that will require reimagined partnerships, a new way of working and thinking, an innovative plan to scale and replicate, additional resources, and optimism for what could be possible.
In all corners of the globe, people are eager to go to work, and to create with their own hands. They want a better life for their children and grandchildren.
We must be the hand on the back – moving people forward. We must be an institution that exports optimism and impact.
How to scale up renewable energy investments
Dependence on fossil fuels in many countries leads to a vicious cycle of increasing costs,
higher energy prices for consumers, more pollution that impacts people’s health, and higher greenhouse gas emissions that endanger the planet. In contrast,
However, renewable energy projects do not materialize, and countries remain trapped in the vicious cycle. This happens despite the fact that many developing countries have some of the best solar and wind resources in the world. So how can we support governments to break free from fossil fuel dependency and catalyze the virtuous cycle for clean energy?
Announcing winners of the fifth World Bank and Financial Times youth blog competition
It’s been a complicated—and often frustrating—few years for students all over the
world. Remote classes. Closures. Masks. It was a lot to deal with, and the long-term consequences could be severe.
Netherlands for the World Bank 
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