Norway fast-tracks grants for IDA, Sweden sticks to promissory notes

News December 31, 2024 / By: Bjørn H Amland

Development banks are encouraging donors to make cash contributions rather than issuing promissory notes for their contributions to development funds, like the World Bank’s IDA, the bank’s arm for poor countries. Annual grants increase the real value of donations and are easier to administer. Norway is about to switch to cash payments, while Sweden continues with promissory notes.

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Norway fast-tracks grants for IDA, Sweden sticks to promissory notes

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