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replenishment

Charting a Better Future through IDA

Joachim von Amsberg's picture

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Results Matter -- See IDA at Work

Speaking ahead of the upcoming World Bank-IMF Spring Meetings, Bank Group President Jim Yong Kim called on the international community to seize the historic opportunity presented by favorable economic conditions in developing countries and end extreme poverty by 2030. This is an exciting goal, and success in achieving it has become possible. Kim pointed to the International Development Association, or IDA, the Bank’s fund for the poorest, as central to the tremendous effort needed to make this happen.

Every three years, development funders and borrowing country representatives meet to deliberate and agree on IDA’s strategic direction, financing, and allocation rules, and we just kicked off this process for the 17th “replenishment” of IDA (which provides development financing for the period July 1, 2014-June 30, 2017).

Two days of open discussion in Paris on March 20-21 with both investors and borrowers covered the complex development agenda faced by IDA countries, as well as the fund’s strategic approach to dealing with these issues. We worked to chart a way forward for IDA to most effectively improve the lives of the roughly 1 billion people in IDA countries still living on less than $1.25 a day.

Reflections from Punta del Este: My 15-plus years in the GEF Family

Alan Miller's picture

I first engaged with the Global Environment Facility (GEF) in 1994 as part of the evaluation team for the GEF pilot phase― a US$1 billion pilot hosted by the World Bank that began in 1991, prior to the Rio Earth Summit. In May, along with a small group of World Bank colleagues, I found myself at the Fourth GEF Assembly in Punta del Este, Uruguay. In reflecting back over the intervening time period I find nuggets of success, but also much remains disturbingly unchanged.

 The single overwhelming cause for celebration has been the announcement―dramatically achieved only a few weeks ago―of a GEF replenishment of more than 50% to US$4.2 billion (US$3.5 billion in new funding). Any increase is obviously welcomed in a period of fiscal austerity, and most government representatives understandably expressed congratulations. However, a few couldn’t help but note that the increase was disturbingly small if measured by the increase in the range of problems to be addressed. There is a much greater sense of urgency (especially with respect to climate change), and many more agencies involved in channeling funds (originally only the World Bank, the UN Development Programme (UNDP), and the UN Environment Programme (UNEP), and now there are more than 10).