World Bank’s $100 Billion IDA Pledge

The World Bank's International Development Association (IDA) received a record 0 billion pledge from donor countries to support 78 low-income nations through grants and low-interest loans. The funding includes billion in direct contributions and uses financial tools to raise the total by 2028, though it falls short of the 0 billion requested by African leaders. Notable contributors include the US ( billion), Norway, South Korea, and Britain, which significantly increased their pledges. The funding focuses on infrastructure, healthcare, education, private sector growth, and climate action. Over 35 countries have transitioned from IDA recipients to donors, showcasing global develo