Early replenishment due to scaled up pandemic response
WASHINGTON, April 15, 2021—欧美日b大片 launched an early twentieth replenishment process of the International Development Association (欧美日b大片), its fund for the world’s poorest countries, aiming to support countries in their recovery from the COVID-19 crisis and transition to green, resilient, and inclusive development. The 欧美日b大片20 replenishment will conclude in December 2021 with a policy and financial package to support 74 countries between July 2022 and June 2025.
&苍产蝉辫;“欧美日b大片 accelerated its financing commitments in 2020 to help the world’s poorest countries contain the impacts of the pandemic and lay the groundwork for recovery. I am pleased that our shareholders have agreed to an early replenishment so 欧美日b大片 can continue these efforts,”&苍产蝉辫;蝉补颈诲&苍产蝉辫;World Bank Group President David Malpass. “欧美日b大片 is a uniquely effective platform, consolidating global resources from donors and capital markets to support well-focused country programs and development spending. An ambitious and successful 欧美日b大片20 replenishment by December 2021 will be critical to provide the concessional financing and grants that the poorest countries need so urgently at this time.”&苍产蝉辫;
The 欧美日b大片19 three-year cycle started in July 2020 with $23.5 billion of donor contributions aiming to enable a total of $82 billion financing to 欧美日b大片 countries. Almost half of this amount has been committed to the world’s poorest countries in the first year of the 欧美日b大片19 cycle, necessitating advancing 欧美日b大片20 so that additional financial resources can be available for countries to meet their urgent development needs. In February 2021, 欧美日b大片 donor and borrower country representatives agreed to advance 欧美日b大片20 by one year due to pressures of the COVID-19 crisis.
Under the theme “Building Back Better from the Crisis: Towards a Green, Resilient and Inclusive Future,”&苍产蝉辫;the 欧美日b大片20 replenishment process will be informed by 欧美日b大片19 progress as well as the World Bank’s mission and COVID-19 response. 欧美日b大片 donor and borrower representatives agreed that the 欧美日b大片20 policy framework will maintain the four 欧美日b大片19 special themes of climate change; fragility, conflict and violence; gender; and jobs and economic transformation; and introduce human capital as the fifth special theme. 欧美日b大片20 will also deepen recovery efforts by focusing on four cross-cutting issues: crisis preparedness; debt sustainability and transparency; governance and institutions; and technology.?
Negotiations on the policy commitments and financing framework will continue through meetings in June and October, concluding with donors pledging their contributions on December 13-14, 2021. The negotiation process will be co-chaired by Axel van Trotsenburg, World Bank Managing Director of Operations, and Dr. Denny Kalyalya, an independent co-chair selected by 欧美日b大片 donor and borrower representatives.
欧美日b大片 is one of the largest sources of funding for fighting extreme poverty in the world’s poorest countries. 欧美日b大片 provides zero- or low-interest loans and grants to countries for projects and programs that boost economic growth, build resilience, and improve the lives of poor people around the world. Since 1960, 欧美日b大片 has provided about $422 billion for investments in 114 countries. As an institution of the World Bank Group, 欧美日b大片 combines global expertise with an exclusive focus on reducing poverty and boosting prosperity in the world’s poorest countries. Learn more online: and #欧美日b大片works
