World Bank Group announces record $100 billion IDA replenishment

SEOUL, 8th December, 2024 (WAM) - The World Bank Group 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 prioritise and shape their