This week, donors and borrowers will convene in Zanzibar, Tanzania, to review the current funding cycle of the World Bank’s International Development Association. The meeting will show how IDA has become a major source of assistance for African countries, while also illustrating the need to increase contributions.
WASHINGTON, DC – This week, representatives of donor and borrower countries have been meeting in Zanzibar, Tanzania, to review the current funding cycle of the International Development Association (IDA), the World Bank’s concessional lending arm. They are taking stock of the IDA’s ongoing programs and the needs of the world’s poorest people. But the choice of venue is significant, because it enables participants to witness the extraordinary impact of IDA funding, while reflecting Africa’s central role in development, now and in the future.
WASHINGTON, DC – This week, representatives of donor and borrower countries have been meeting in Zanzibar, Tanzania, to review the current funding cycle of the International Development Association (IDA), the World Bank’s concessional lending arm. They are taking stock of the IDA’s ongoing programs and the needs of the world’s poorest people. But the choice of venue is significant, because it enables participants to witness the extraordinary impact of IDA funding, while reflecting Africa’s central role in development, now and in the future.