Australia’s contributions to the World Bank’s International Development Association (IDA)
The International Development Association (IDA) is one of the World Bank’s five development financing agencies. IDA focuses on the world’s poorest countries and provides them with low or interest-free loans, or grants, to help them meet their development needs.
IDA supports a broad spectrum of development activities such as primary education, basic health services, clean water and sanitation, agriculture, business climate improvements, infrastructure, and institutional reforms.
The most recent IDA replenishment will provide concessional finance to 74 countries. IDA currently funds more than 1,500 active projects across these countries, including 10 countries in the Pacific (see a map of where IDA works here).
A substantial amount of IDA’s funding comes from contributions from developed country governments. Every three years, donors meet at IDA replenishment rounds and commit to providing funding.
In the most recent IDA replenishment round (the nineteenth or IDA19, for the years 2020-2023) the funding pool reached a record US$82 billion, a 3% increase in real terms compared to IDA18, which raised US$75 billion. 56 countries contributed US$23.4 billion to this replenishment round, about 28.5% of the total funds raised, with the rest coming from income from other World Bank financing agencies, as well as borrower repayments. In comparison, the total contributions by governments in IDA18 was US$23.1 billion, 30.8% of the US$75 billion raised.
Australia’s total contribution to IDA19 is AU$499 million, or AU$613.36 million if contributions to the Multilateral Debt Relief Initiative are included, a 22% decrease in nominal terms from its IDA18 contribution.
Read more on Australia’s IDA commitments on the Devpolicy Blog.