FRIENDS OF IDA NEWSLETTER | June 2023 | IDA Crisis Facility

 

World Bank Board Approves IDA Crisis Facility for Extra Support to Poorest Countries The World Bank Board of Executive Directors has approved the recommendation to establish a Crisis Facility for IDA to scale up support for the world’s poorest countries, and address overlapping global crises—particularly food insecurity and extreme climate events. The new facility will also complement international efforts to help Ukraine and Moldova. PRESS RELEASE | BLOG   What's New

NEW! IDA19 Retrospective report highlights lessons learned from early COVID-19 response	IDA welcomes Armenia, Bosnia and Herzegovina, and Georgia as new donors	IDA Forum with civil society focuses on IDA20, WBG evolution process & gender

VIDEO: Where does the World Bank get its money?  Thanks to its financial model, the World Bank Group is one of the world’s largest sources of funding for developing countries. IDA Director Dirk Reinermann explains where the money comes from and how the Bank maximizes financing available for development around the world. Stories of Results, Recovery and Resilience In Bangladesh, the GEMS initiative is helping the government address knowledge gaps and challenges to collecting data in active development projects. In Burkina Faso, husband schools are contributing to the well-being of mothers and children by helping men share experience, ask questions, and learn from each other.  In Burundi, an IDA project to restore land productivity is giving power and voice to women. In Somalia, with support from IDA’s Private Sector Window, MIGA’s first project in the country shows that renewable energy investment can be achieved in challenging environments In Tajikistan, IDA is expanding access to running water and creating more time for learning, better health, and increased prosperity for the most vulnerable rural communities.  In Case You Missed It IDA works for gender equality and women's empowerment: a new brochure Niger president reiterates importance of IDA in Africa Blog by WBG President David Malpass: Time for meaningful debt restructuring Penny for your thoughts? Why coordination among creditors is key to sustainable debt

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