IDA Funding Boosts Global Development, with Focus on Health, Education, and Climate Resilience The World Bank has raised a historic $23.7 billion to replenish its concessional lending arm, the International Development Association (IDA), marking a significant milestone in its mission to support the world’s poorest nations. This funding, secured through pledges from donor countries, will be used to unlock a total of $100 billion in spending power — a substantial increase over the $93 billion raised during the last replenishment cycle in 2021. By borrowing on financial markets, the World Bank will be able to amplify this amount approximately fourfold, … Continue reading World Bank Secures $24 Billion to Support Poorest Nations in Historic Replenishment Effort