Global Community Commits to Assign the Record Amount of $75 Billion to End Extreme Poverty

A coalition of more than 60 donor and borrower governments came to an agreement to boost the fight against extreme poverty with a record $75 billion commitment for the International Development Association (IDA) the World Bank’s fund for the poorest countries.A coalition of more than 60 donor and borrower governments came to an agreement to boost the fight against extreme poverty with a record $75 billion commitment for the International Development Association (IDA), the World Bank’s fund for the poorest countries. The funding will enable IDA to dramatically scale up development interventions to tackle conflict, fragility and violence, forced displacement, climate change, and gender inequality, and promote governance and institution building, as well as jobs and economic transformation—areas of special focus over the next three years. A total of 75 low-income countries are eligible to benefit from the IDA18 financing package. You can read the complete press release from the World Bank here.