World Bank Announces Record Commitments For International Development Association

“Rich and emerging-market nations agreed to commit a record $52 billion over three years to a World Bank fund to aid the world’s poorest countries, the bank said on Tuesday,” Reuters/Huffington Post reports. “The figure marks an increase of about five percent from the last time the International Development Association, or IDA, was topped up in 2010,” the news agency writes, noting, “[F]or the first time, some of the money will be given in the form of low-interest loans, not grants, totaling just over $4 billion” (Yukhananov, 12/17). “We are committed to making the most of every scarce development dollar to create new opportunities and bring about transformational change in the lives of poor people,” World Bank Group President Jim Yong Kim said in a statement (12/17).

The KFF Daily Global Health Policy Report summarized news and information on global health policy from hundreds of sources, from May 2009 through December 2020. All summaries are archived and available via search.

KFF Headquarters: 185 Berry St., Suite 2000, San Francisco, CA 94107 | Phone 650-854-9400
Washington Offices and Barbara Jordan Conference Center: 1330 G Street, NW, Washington, DC 20005 | Phone 202-347-5270 | Email Alerts: | |

The independent source for health policy research, polling, and news, KFF is a nonprofit organization based in San Francisco, California.