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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.

There was resounding consensus on the proposed overarching theme for IDA17—“maximizing development impact”—which commits us to helping this vast swath of extremely marginalized citizens by better harnessing the knowledge, financing, and partnerships that are integral to IDA’s unique business model. This includes tapping the potential of the entire World Bank Group in a more integrated and strategic way. Maximizing impact also entails leveraging private partnerships to generate more investment and jobs, and working with civil society to get communities more involved in their own development for deeper and more lasting results. (See paper on setting the agenda for IDA17.)

Delegates also examined IDA’s approach to intransigent issues like gender inequality, which puts a brake on development, and the impact of climate change. Both issues are intrinsically tied to poverty. We sought new ways to deal with growing hotspots of fragility that present security threats in many corners of the world, and to address the issue of rising inequality by expanding growth opportunities for marginalized groups. We shared ideas on how we can help countries transition from IDA when their per capita income reaches a certain level but they are still struggling with massive poverty. (See the other replenishment discussion papers.)

The Honorable Ken Lipenga, Malawi’s Finance Minister, talked about the role IDA is playing in his country, noting that “IDA support does reduce poverty and improve people’s lives.” Lipenga told delegates about the difference IDA has made to millions of his country’s citizens, for example, through better food security, support for women, and treatment and prevention of HIV/AIDs. IDA is constantly adapting to meet the evolving needs of Malawians and others.

There’s definitely an appetite for trying new approaches to IDA, and I am heartened by the truly multilateral nature of the conversation we had in Paris. And I know this spirit of collaboration for the common good will continue at our next replenishment meeting in July, where the global community has the potential, and the incredible opportunity, to grasp the opportunity of eradicating extreme poverty.


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Comments

Submitted by ayeni kayode on

Expression Of Interest to be part of the general public call to service on World Bank Endorsed Goals To End Extreme Poverty.

..... but its not a given and we cannot do it alone. It requires focus,innovations and commitment from every one... Kim (world bank president few weeks ago)

Recently the development committee endorsed world bank group goals to end poverty in a twin pronged approached

1.world bank group to end poverty and

2.world bank vision to promotes shared prosperity

cautioning that without jeopardizing environment,maginifying ecoonmic debt or exludinng vulnaralble people

Again, i am expressing my interest to be part of the ambitious,historical and confirmed opportunity approached described to make a difference.

i have good working experiences with development organizations on sevaral world band and (others)recommended actions for general public including gender equality,renewable energy challenge,poverty redduction,non formal education provider.
i am only requesting for world bank assistance in meeting various challenges accompany my service disposition on this project and call.accomodation,transportation fare,feeding and allowance for basic needs.

this will enable me to actualized my working plan on this project

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