- The International Development Association (IDA) is an arm of the World Bank, that supports the world’s poorest countries. It was established in 1960, IDA aims to reduce poverty by providing loans (credits) and grants for programs that enrich economic growth, reduce inequalities, and improve people’s living standards
- IDA complements the World Bank’s original lending arm—the International Bank for Reconstruction and Development (IBRD).
- IDA has done 889 projects worth $84.53Billion operating in 10,935 locations across 75 countries(as on 10.11.2016
Some Milestones of IDA:
- 120,000 Kilometres of roads were constructed, rehabilitated or upgraded (FY2011-2016)
- 64 MILLION People received access to better water services (FY2011-2016)
- 7MILLION Teachers were recruited and/or trained (FY2011-2016)
- Half a BILLION People received essential health services (FY2011-2016)
IDA donors Meet:
- Once in three years, global donors meet to replenish IDA resources and review IDA's policy's framework.
- The recent replenishment (IDA17) was finalised in December 2013, which resulted in a $52.1 billion replenishment to finance projects over the 3-year period ending June 30, 2017.
- The next replenishment- IDA 18 is from July 1, 2017, to June 30, 2022.
- The replenishment process typically consists of four formal meetings held over the course of one year.
- In addition to officials from more than 50 donor governments (IDA Deputies), representatives of borrowing member countries are invited to participate to ensure that IDA’s policy and financing frameworks are responsive to country's requirements.
Four IDA18 replenishment meetings were scheduled for 2016:
- 14 & 15th March 2016, in Paris, France
- 21 to 24th June 2016, in Nay Pyi Taw, Myanmar
- 10 & 11th October 2016, in Washington, D.C.
- 14 & 15th December 2016 – Yogyakarta, Indonesia
List of Countries
- Burkina Faso
- Cape Verde
- C.A.R.(Central African Republic)
- The Democratic Republic of Congo(formerly Zaire),
- The Republic of Congo
- Cote d'Ivoire
- The Gambia
- Sao Tome and Pr.
- Sierra Leone
- South Sudan
- PDR Laos
- Marshall Islands
- Micronesia, FS
- Papua New Guinea
- Solomon Islands
- India (India graduated from IDA at the end of the fiscal year 2014 but will receive transitional support on an exceptional basis through the IDA17 period (the fiscal year 2015-17).
- Sri Lanka
EUROPE AND CENTRAL ASIA
- Kyrgyz Republic
LATIN AMERICA AND CARIBBEAN
- St Vincent
- St Lucia
MIDDLE EAST AND NORTH AFRICA
- The Republic of Yemen
Financing during the IDA18 replenishment period( from July 1, 2017, to June 30, 2020) is expected to support:
- Essential health and nutrition services for up to 400 million people,
- Access to improved water sources for up to 45 million people,
- Financial services for 4-6 million people,
- Safe childbirth for up to 11 million women through provision of skilled health personnel,
- Training for 9-10 million teachers to benefit more than 300 million children,
- Immunisations for 130-180 million children,
- Better governance in 30 countries through improved statistical capacity, and
- An additional 5 GW of renewable energy generation capacity.
Highlights of IDA18 replenishment meeting held on 14 & 15th December 2016 – Yogyakarta, Indonesia
- More than 60 donor nations and borrower governments agreed with a record $75 billion commitment to fund against extreme poverty, as the World Bank’s fund for the poorest countries.
- World Bank Group President Jim Yong Kim said “The commitments made by our partners, combined with IDA’s innovations to crowd in the private sector and raise funds from capital markets, will transform the development trajectory of the world’s poorest countries. We are grateful for our partners’ trust in IDA’s ability to deliver results.”
- The funding would scale up
b. Fragility and violence,
c. Forced displacement,
d. Climate change,
e. Gender inequality;
f. Promote governance and institution building, and
g. Jobs and economic transformation—areas of special focus over the next three years.
SBI PO Smart Prep Kit by Ramandeep Singh - Get here