We have conducted a review of the UK’s support to the World Bank’s International Development Association (IDA). We have published our review and made five recommendations to the government to make further improvements. See the ‘review’ tab for our findings and recommendations.
IDA aims to reduce poverty by providing zero or low-interest loans and grants for programmes that aim to boost economic growth, reduce inequalities and improve people’s living conditions. It provides loans and grants to countries with low average income levels or countries that are not eligible to receive funding from the World Bank’s other lending body, the International Bank for Reconstruction and Development (IBRD).
IDA is one of the most important multilateral channels of development assistance for the world’s poorest countries, and it is the single largest source of official development assistance (ODA) overall to Africa. In 2019 IDA disbursed $10.6 billion in Africa, approximately equal to the amount of aid from France, Germany and the UK combined.
The purpose of this review was to assess both the value for money of the UK’s substantial financial contribution to IDA and how well the UK uses its position as the largest bilateral donor to shape its policies and operations.