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With the world at a crossroads, robust IDA is more critical than ever
As the International Development Association (IDA) replenishment meeting in South Korea begins today, it’s clear that, with the shifting geopolitical landscape, the global community is at a crossroads.
For many African nations, which make up more than half of IDA recipient countries, recent geopolitical and global economic crises have effectively turned back the clock, leaving our countries relatively poorer and more vulnerable to climate change, conflict, and the whims of a global financial system that remains unresponsive to the continent’s needs. The latest round of pledges will determine the size of the IDA’s concessional financing for low-income countries’ development, and, in many ways, the future of their populations.