ADVERTISEMENT
Tuesday, June 24, 2025
  • Login
  • Register
Cart / $0.00

No products in the basket.

Thailand Business News
  • Asean
    • Cambodia
    • Indonesia
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Vietnam
  • Banking
    • Cryptocurrencies
  • Business
    • Companies
    • Investment
  • China
  • Economics
  • Investment
    • SET
    • Markets
  • Real Estate
  • Tech
  • Tourism
    • Travel
    • Visa
  • Trade
  • video
  • |
  • PR News
    • Media OutReach Newswire
    • PR Newswire
    • MarketersMEDIA Newswire
    • Submit a Press Release
No Result
View All Result
  • Asean
    • Cambodia
    • Indonesia
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Vietnam
  • Banking
    • Cryptocurrencies
  • Business
    • Companies
    • Investment
  • China
  • Economics
  • Investment
    • SET
    • Markets
  • Real Estate
  • Tech
  • Tourism
    • Travel
    • Visa
  • Trade
  • video
  • |
  • PR News
    • Media OutReach Newswire
    • PR Newswire
    • MarketersMEDIA Newswire
    • Submit a Press Release
No Result
View All Result
Thailand Business News
No Result
View All Result

Global Community Steps Up with $93 Billion Support Package for World’s Poorest Countries

News Desk and World Bank by News Desk and World Bank
December 16, 2021
in Economics
Reading Time: 3 mins read
A A
Share on LinkedinShare on TwitterShare on Facebook

 The World Bank today announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future.

The financing brings together $23.5 billion of contributions from 48 high- and middle-income countries with financing raised in the capital markets, repayments, and the World Bank’s own contributions.

The financing package, agreed over a two-day meeting hosted virtually by Japan, is the largest ever mobilized in IDA’s 61-year history. IDA’s unique leveraging model enables it to achieve greater value from donor resources – every $1 that donors contribute to IDA is now leveraged into almost $4 of financial support for the poorest countries.

“Today’s generous commitment by our partners is a critical step toward supporting poor countries in their efforts to recover from the COVID-19 crisis,” said World Bank Group President David Malpass. “We are grateful for the confidence our partners have in IDA as a non-fragmented and efficient platform to tackle development challenges and improve the lives of millions of people around the world.”

The funds will be delivered to the world’s 74 poorest countries under the 20th replenishment (IDA20) program, which focuses on helping countries recover from the impacts of the COVID-19 crisis. In these countries, the ongoing pandemic is worsening poverty, undermining growth, and jeopardizing the prospects of a resilient and inclusive development. Countries are struggling with falling government revenues; increasing debt vulnerabilities; rising risks to fragility, conflict, and instability; and dropping literacy rates. About a third of IDA countries are facing a looming food crisis.

RelatedArticles

Tourism Decline Triggers Sharpest Stock Plunge in Asia for Thai Airport Company

Thailand and EU Aim to Finalize FTA Deal by End of 2025

Thailand’s export value surged by 18.4% year-on-year in May 2025, fueled by electronic exports to China

To help countries build back greener, a substantial portion of these funds go to tackling climate change, with a focus on helping countries to adapt to rising climate impacts and preserve biodiversity. IDA will also deepen support to countries to better prepare for future crises, including pandemics, financial shocks, and natural hazards. While IDA20 will support countries globally, resources are increasingly benefiting Africa, which will receive about 70 percent of the funding.

With this strong package, IDA will be able to scale up its support in the pandemic and address health challenges, helping 400 million people receive essential health and nutrition resources. The social safety nets program is also expected to reach as many as 375 million people.

The IDA20 program has more ambitious policy commitments that will support countries in prioritizing investments in human capital, covering issues such as education, health and nutrition, vaccines, safety nets, and support for people with disabilities. IDA will also increase its ambition in addressing other major development challenges such as gender inequality, job creation, and situations of fragility, conflict and violence, including in the Sahel, the Lake Chad region, and the Horn of Africa. A continued emphasis on governance and institutions, debt sustainability, and digital infrastructure interventions will help foster economic and social inclusion.

Due to the urgent development needs of IDA countries, the replenishment was advanced by one year. IDA20 will cover the period of July 1, 2022, to June 30, 2025. The IDA20 policy architecture builds on the strong foundation of IDA19, with enhancements to make IDA20 even more ambitious and fit for today’s challenges.

Tags: world bank
Previous Post

Bangkok drops 12 places in global cost of living index

Next Post

Hotel sector continues to face challenges in Asia Pacific

News Desk and World Bank

News Desk and World Bank

Siam News

160 Robinson Road
#14-04 Singapore Business Federation Centre, Singapore 068914

Business Pages

  • Thailand Business Visa requirements?
  • Thailand’s Regulations on Cryptocurrencies and Digital Assets
  • Exchange Control Regulations in Thailand
  • Personal Income Tax in Thailand
  • Foreign Business Act : Who are considered foreigners?
  • Investment in Thailand
    • Conversion and Transfer Policies
    • Dispute Settlement
    • Requirements and Incentives

Subscribe notifications via Email

Enter your email address to subscribe and receive notifications of new posts by email.

SNN

  • Siam News Network
  • Thailand Business Directory
  • Thailand China News
  • Thailand PR News
  • ข่าวธุรกิจประเทศไทย
  • 泰国中国商业新闻
  • 泰国商业新闻
  • About
  • Submit a Press Release
  • Advertising
  • Community Standards
  • Contact Us
  • Cookie Policy
  • Copyright
  • Disclaimer
  • Internships
  • Newsletter
  • Privacy Policy
  • Principles of Ethics and Journalism Standards
  • RSS Terms
  • Terms of Use
  • English
  • ไทย
  • 中文 (中国)

© 2024 Siam News Network

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Login
  • Sign Up
  • Cart

© 2024 Siam News Network

  • ไทย
  • 中文 (中国)

Discover more from Thailand Business News

Subscribe now to keep reading and get access to the full archive.

Continue reading

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?