SOGEI website background

5 ways the World Bank’s IDA-19 is supporting the poorest countries in the time of COVID

5 ways the World Bank’s IDA-19 is supporting the poorest countries in the time of COVID

IDA’s support is part of the broader $150-160 billion World Bank Group response over a 15-month period and includes $50-55 billion in low-interest credits and grants focused on saving lives, protecting the poor and vulnerable, creating jobs, saving businesses, and building a more resilient recovery. Over the next 12 months, IDA will deliver close to $10 billion in new grants for low-income countries at higher risk of debt distress. […]