Meet the International Development Association (IDA), the arm of the World Bank that helps the world’s poorest countries—75 to be exact. It’s the largest single source of donor funds for basic services in these countries and aims to eliminate extreme poverty. IDA’s most recent replenishment, IDA20, resulted in a historic $93 billion financing package for IDA countries for fiscal years 2022-2025.
On this episode of The Development Podcast, they explore how IDA works across the world on a range of key development issues and priorities, with the help of some key partners. This episode features Dirk Reinermann, the World Bank’s Director of Development Finance who oversees IDA, Gregory Chen, Managing Director for the Ultra-Poor Graduation Initiative, within BRAC International, and Maaria Henry, a Fisheries Protection Officer from the Republic of Kiribati in Micronesia, which sits at the forefront of the climate challenge.
Greg Chen discusses the critical role IDA plays in driving development, specifically in Bangladesh, the need to ensure IDA funding is directed toward those furthest behind and how to ensure it meets their multidimensional and long-term needs.
Listen to the full podcast episode on the Development Podcast website.
