Why the World Bank needs to revise its fundraising model

Late last year, the World Bank announced it had raised a record $52 billion for 2014-2016 borrowing to the International Development Association, the bank’s fund for the world’s poorest countries.

Marking an increase of about 5 percent from the last time the IDA was topped up in 2010, the latest IDA replenishment — the bank’s 17th — was considered all the more significant against the backdrop of tough economic times.

But despite its recent fundraising prowess, the World Bank could potentially be a victim of its own success. This is according to Scott Morris, senior associate at the Center for Global Development, who sat down with Devex reporter Paul Stephens to discuss his most recent paper.

By placing the IDA at the centerpiece of its fundraising model, Morris noted that the World Bank has left other important lending arms such as the International Bank for Reconstruction and Development, the International Finance Corp. and the Multilateral Investment Guarantee Agency without any fundraising strategy or continuity.

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About the author

  • Devos manola

    Manola De Vos

    Manola De Vos is a development analyst for Devex. Based in Manila, she contributes to the Development Insider and Money Matters newsletters. Prior to joining Devex, Manola worked in conflict analysis and political affairs for the United Nations, International Crisis Group and the European Union.