Denmark Announces 40% Increase In Pledge To World Bank’s Fund for Low Income Countries
Money
Demonstrating the country’s continued dedication to global development, Denmark’s pledge of DKK 3,300 million represents a 40% increase compared to the previous IDA replenishment cycle.
Denmark's announcement ahead of the final 21st replenishment (IDA21) meeting in December marks a bold commitment to eradicating poverty, promoting sustainable development and climate action, and addressing pressing global challenges. It is also a deliverable to the African Heads of States who called for an ambitious replenishment in April.
IDA’s resources are replenished once every three years. IDA21, the latest replenishment cycle, will culminate in a final pledging meeting in Seoul, Korea on December 5-6, 2024. The last replenishment yielded a $93 billion package to finance projects that boost economic growth, build resilience, and improve people’s lives across countries.