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The World Bank’s International Development Association (IDA) is one of the most important tools at its disposal in its mission to end extreme poverty on a livable planet. Replenishing IDA is therefore not just an opportunity to mobilize resources, but an important opportunity to reshape how development finance works for the communities that need it most.
According to the World Bank’s own projections, by 2030, 60% of people living in extreme poverty will be in countries affected by fragility, conflict and violence (FCV). Addressing the challenges of communities affected by these crises is no longer peripheral to the World Bank’s mission, but is central to its goal of ending extreme poverty on a livable planet. Masu.
IDA is one of the few lifelines available to conflict-affected least developed countries, and is increasingly called upon to fill the gap left by other development and climate change funds.
Four actions can help the World Bank and its shareholders maximize IDA’s potential in a new region of extreme poverty.
Robust IDA Replenishment: By committing to contribute in real terms beyond the amount of IDA20, we will strive for robust replenishment of IDA21 and increase access to subsidies and highly concessional financing for conflict-affected LDCs. maintain
IDA21, including FCV — policy frameworks and partnerships: Advancing progress on FCV, gender equality and refugee inclusion, and ensuring that growing numbers of communities affected by conflict, violence and unconstitutional transfers of power are left behind. I’ll make sure not to. Diversify delivery partnerships in FCV countries and expand the Bank’s efforts to effectively reach marginalized communities.
People-centered financing in new geographies of extreme poverty: Reforms to improve IDA performance and delivery in FCV contexts, including expanding eligibility to the FCV envelope and improving political risk mapping to inform qualitative assessments. Establish.
Continuation of engagement in situations under de facto authority control: to NGOs or UN partnerships to consolidate and continue assessment of potential budgetary support disruptions resulting from DFA in IDA countries. Establish appropriate adaptation measures that IDA can deploy, including switching to Significant projects in appropriate areas of service delivery, such as health, education, and gender-based violence (GBV) prevention and response.
