World Bank’s IDA replenishment ran into headwinds before the finish line

News December 11, 2024 / By: Bjørn H Amland

Nordic funding for the World Bank’s International Development Association (IDA) shrinks in USD despite increased support from Denmark, Norway, and Iceland. Sweden, the largest Nordic donor, and Finland roll back their support. The Bank portrays the USD 100 billion IDA21 replenishment as record-breaking, but the reality is a reduction in real terms.

IDA21 opening.jpg — Opening of the IDA21 replenishment meeting in Seoul, December 6, 2024

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World Bank’s IDA replenishment ran into headwinds before the finish line

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