IDA Ten Years to 2030

UN Secretary General Antonio Guterres recently stated that “Financing is the test of our seriousness. Without resources, we will simply not deliver for people or planet. But with adequate, predictable, sustainable funding, everything is possible.”

The International Development Association (IDA) is one of the largest sources of assistance for the world’s 75 poorest nations, 39 of which are in Africa, who are disproportionally affected by today’s grave challenges, such as climate change, conflict or food shortages. Since 1960, IDA has provided $369 billion for investments in 113 countries.

As one of the most prominent advocates for multilateral efforts on the world stage, Germany is committed to working closely with the World Bank on projects aiming to reduce poverty and promote sustainable development. Indeed, as the third largest shareholder of the World Bank, Germany has traditionally focused its support for the institution on IDA contributions. However, despite substantial progress on global poverty reduction over the last years, the pace of progress is slowing – and even reversing – in many IDA countries. With just ten years to go until 2030 and in light of recent geopolitical shifts, there is a need for greater ambition and urgency to jointly address pressing global challenges and advance the SDGs.

Together with our distinguished guests, we will discuss best practices and specific policy fields in which IDA can continue to make a meaningful impact, and point out ways for Germany to intensify its contribution.