SEOUL, KOREA, December 6, 2024 — The World Bank Group today unveiled a record $100 billion replenishment of the International Development Association (IDA), marking a significant moment for global development. Alongside this record-breaking financing, the World Bank is introducing a simpler, faster, and more agile IDA, reducing policy commitments and metrics by half, giving clients more freedom to prioritize and shape their development.
https://www.worldbank.org/en/news/press-release/2024/12/05/donors-and-world-bank-group-boost-IDA-development
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