In 2024, IDA will work with donors and borrowing countries to replenish resources that we will use to deliver on global development goals.
• The developing world faces a daunting crisis. Nearly 700 million people live in extreme poverty and, over the next five years, people in one of every four developing countries will be poorer than they were before COVID-19. Violence and severe weather events fueled by climate change continue to displace people, disrupt food supply, and exacerbate poverty, particularly in fragile and conflict- affected regions.
• More than half of low-income countries are in, or at high risk of, debt distress. The crisis is particularly difficult for countries with weak credit ratings, which face sharply elevated borrowing costs in the context of fiscal duress.
• At the same time, there is a historic opportunity to accelerate change. Demographic shifts, particularly in Africa, the largest and youngest continent, present a major opportunity to speed up sustainable growth and development—supported by targeted investment, applied knowledge, and good governance.
IDA21—the 21st replenishment round since 1960 will work to end poverty on a livable planet. IDA21 will improve lives with a particular focus on women and youth, increasing prosperity, combating climate change and preserving biodiversity, building resilient societies, accelerating digitalization, creating jobs, and building the infrastructure needed to support and sustain economic growth.
• Ongoing dialogue will build consensus for action. Specific priorities and the financing framework are currently being developed in consultation with IDA donors and recipients.
• Unprecedented challenges call for unprecedented ambition. To meet the unprecedented challenges of our time, IDA21 donor commitments need to match the global ambition for change.
Donors meet every three years to replenish IDA resources and review its policy framework. Officials from the donor governments (known as “IDA Deputies”) and representatives of borrowing member countries ensure that IDA’s policy and financing frameworks are responsive to country needs and current challenges. IDA also engages with civil society organizations (CSOs), foundations and think tanks around the world when developing its policy frameworks.
Key dates:
- March 18-19: 1st IDA21 Replenishment Meeting
- April 22-23: 1st IDA21 Replenishment Meeting
- June 18-21: 3rd IDA21 Replenishment Meeting
- October 28-29: 4th IDA21 Replenishment Meeting
- December 10-11: Final Pledging and Replenishment Meeting
- IDA is an engine of global development: IDA helps to improve conditions of life for 1.5 billion people in the world’s poorest countries. As a result of IDA commitments, between 2012 and 2023, 1.18 billion people received essential health services, 117 million people gained access to improved water services, and 92 million people obtained new or improved electricity services.
- IDA helps countries chart their own future: IDA is a partnership between donor and recipient nations, We work with countries to achieve sustainable growth so they can chart their own future, free of donor support. Since 1960, 36 nations have graduated from IDA, and many have gone from recipient to donor.
- IDA is bang for buck. In IDA20, IDA donor dollars translate into nearly four dollars for development: IDA21 will build on the innovative financial model that combines donor funding and lending reflows with capital market borrowing. In IDA20, $23.billion in donor contributions underpinned a total replenishment volume of $93 billion – an effective and transparent use of taxpayer funds.
For more than twenty years, IDA has been using its Results Measurement System (RMS) to evaluate the effectiveness of its support in achieving desired outcomes. Over time, the RMS has evolved into a comprehensive accountability framework that monitors and communicates the collective results achieved by IDA during each replenishment cycle.
The RMS is periodically updated to reflect the changing nature of IDA’s business and incorporates lessons learned from policy implementation. It offers insights into IDA’s efficiency in terms of organization and operations and allows IDA to inform donors about the impact of their contributions.
