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Ireland increased its pledge to the International Development Association (IDA) by 33 percent to €141.4 million, reinforcing its commitment to improving lives in the world’s poorest countries.
IDA, the World Bank’s fund for low-income countries, supports projects that boost economic growth, build resilience, and provide opportunities in 78 countries around the world. Ireland’s new pledge, announced Thursday on the sidelines of the World Bank-IMF Spring Meetings, augments its initial commitment to IDA’s 21st replenishment (IDA21).
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IDA’s 21st replenishment was a yearlong process that culminated in December, with a package of up to $100 billion for IDA countries. The Association supports a range of development activities, including job creation, pandemic preparedness, women’s economic empowerment, and more.