The Polish government has promised to double its contribution to the World Bank’s International Development Association (IDA) fund, committing €37 million euros over the next nine years
This increase shows Poland’s dedication to supporting the world’s most vulnerable countries, particularly those struggling with the ongoing challenges of economic instability, climate change, and rising debt.
Supporting low-income countries
The IDA, which focuses on providing financial assistance to the world’s 78 lowest-income countries, aims to promote long-term economic growth, resilience, and improved living conditions for millions of people.
These funds support essential projects in areas such as education, health, clean water, agriculture, and infrastructure, helping communities overcome poverty and achieve sustainable development.
Poland’s decision to increase its contribution to the IDA comes at a time when many low-income countries are facing heightened vulnerability. A recent World Bank report revealed that the 26 poorest nations, home to around 40% of the world’s most impoverished populations, are experiencing their highest debt levels since 2006. These countries are also increasingly exposed to natural disasters and other shocks threatening progress.
Working together to tackle poverty and inequality
Poland’s increased contribution highlights the importance of collective global action to address these crises. The country recognises the urgency of supporting low-income nations, especially in light of the growing risks associated with debt and climate-related vulnerabilities. The additional funding will help drive projects that build economic stability, create jobs, and foster resilience to future challenges.
The IDA’s work is crucial in breaking the cycle of poverty in these regions. Its focus on large-scale, repeatable projects ensures that resources are used effectively to create long-term positive change. By contributing to the IDA, Poland is helping to tackle immediate needs and investing in a more stable, prosperous future for all.
This increased commitment from Poland comes as the World Bank is finalising negotiations for the 21st replenishment of the IDA fund, which will continue its vital work until 2026 and later.
