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The World Bank’s Fund for the Poorest (IDA) Sees Record Support to Save Lives, Overcome Poverty, and Deliver Results

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December 15, 2010 - “The funding pledges show support from an extraordinary global coalition of donors and borrowers which have come together to ensure that even in these difficult economic times we offer hope and opportunity to the world’s poor.  This strong level of support is a testimony to IDA’s relentless focus on results that bring improvements on the ground for poor people.”  World Bank Group President Robert B. Zoellick

 

Background

Donors meeting in Brussels on December 14-15 to replenish the International Development Association (IDA) reached agreement on an historic compact and record US $49.3 billion funding package, an 18 percent increase on the previous round three years ago.  The new compact is manifested in strong pledges from both traditional and new donors, contributions through pre-payments from countries that used to borrow interest-free loans from IDA and contributions from World Bank and IFC net income.  Such an historic and record replenishment, at a time of considerable economic stress for donors, is a testament to IDA's track record of delivering results and value for money.

IDA is one of the largest sources of assistance for the world’s 79 poorest countries, 39 of which are in Africa.  Donors meet every three years to replenish IDA funding, with this replenishment round (IDA16) taking on special significance as the last IDA funding round before 2015 – the deadline to meet the Millennium Development Goals which include the goal to halve poverty by 2015. 

How We Are Helping

IDA has helped save 13 million lives over the past decade. With the aim of delivering results and improving lives, IDA funding has also helped:

·  recruit and/or train more than 3 million teachers

·  immunize more than 310 million children

·  provide more than 47 million people with access to basic health and nutrition services

·  build or rehabilitate 118,000 kilometers of roads

·  provide improved access to water for more than 113 million people

·  support quality education for more than 100 million children every year

 

This historic 16th replenishment, through its mostly interest-free credits and grants for the poorest countries – can help:

·  immunize 200 million more children

·  extend health services to over 30 million people

·  give access to improved water sources to 80 million more people

·  help build 80,000 kilometers of roads

·  train and recruit over two million teachers

  

Going forward, IDA aims to achieve even faster and better results on the ground. IDA credits and grants will help the poorest countries meet infrastructure needs, improve health services, educate children and build climate resilience. A key focus will be dealing with gender development issues and helping fragile and conflict affected states. As in the past, Sub-Saharan Africa will remain a major focus of IDA support.

 

IDA16 will also see a dedicated funding mechanism to help the poorest countries deal with crises – the impact of natural disasters and economic shocks. The new Crisis Response Window will include a special allocation for Haiti as it continues to recover from the 2010 earthquake.  

IDA has staff in nearly all IDA recipient countries, ensuring that support is targeted and well monitored.  IDA will: continue to improve its rigorous results measurement system, in place since 2002; be a global leader in transparency, efficiency and effectiveness (recently ranked highest among agencies in two separate reviews) and continue with the toughest independent evaluations of any international organization.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contacts:

In Brussels: Angela Furtado, World Bank Group (+44) 77-53 78 20-02

In Washington: David Theis, World Bank Group (202) 203-0601

For Broadcast Requests: Natalia Cieslik (202) 458-9369

 




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