Donors are expected to announce Wednesday (Dec. 15) their contributions to the International Development Association, the World Bank’s arm for the poorest nations, over the next three years.
IDA donors are holding their fourth and final meeting for the 16th replenishment of the fund in Brussels from Dec. 14 to Dec. 15. IDA negotiations started nine months ago in Paris.
Some emerging donor nations are seen to provide “important” financial support to IDA, according to Axel van Trotsenburg, vice president of the bank’s unit that oversees IDA.
“Apart from traditional donors, who are facing very tight budgets at home but continue to be strongly committed to assist the low-income countries, a number of emerging markets are expected to provide important financial support,” van Trotsenburg said.
New IDA donors include former recipient countries keen on accelerating their repayments and countries transitioning to middle-income states.
The European Network on Debt and Development has welcomed IDA’s focus on improving aid effectiveness, delivering results and combating climate change, as specified in the fund’s draft report released in November. The group, however, has raised concern that the report “lacks specific commitments” to ensure progress in these areas.