Tackling debt, transforming economies – why is the IDA replenishment so urgent?
Global public debt is at unprecedented levels. The UN has reported that nearly half of the world’s population lives in countries that spend more paying off debts to other countries than they spend on healthcare for their own people.
While needs soar as countries try to address the impact of the poly-crisis and invest significantly to transform their economies and societies, economic growth is in sharp retreat in many nations in the Global South.
The World Bank is calling for donor governments to step up. They have put ‘IDA replenishment’ top of the agenda at this month’s Spring Meetings in…
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