IDA 15 replenishment meeting wraps up in Mozambique
3 July 2007
The issues discussed at the second replenishment meeting in Maputo included the role of IDA in the global aid architecture and IDA's role in fragile states.
The International Development Association (IDA) had its second meeting June 28-30 to discuss the 15th round of replenishment funds. The meeting held in Maputo, Mozambique focused on the role of IDA in the global aid architecture and IDA's role in fragile states, such as Liberia and Somalia. The African Forum and Network on Debt and Development released a statement on June 27 which called for IDA's attention to debt, aid, and conditionalities as key issues of the African development agenda and the Millenium Development Goals. In a joint statement released immediately before last week’s official meetings, Mozambican CSOs claimed that making aid effective was very much “dependant on reducing conditionality” attached to development aid.
IDA is asking for a 20% funding increase for the current replenishment compared to IDA 14. This would mean an increase in IDA funding of 26.3 billion Special Drawing Rights (about 39.8 billion US dollars). The previous replenishment of IDA 14 amounted to $33 billion in resources. The IDA 14 term is due to end on June 30, 2008.
IDA is often the first donor to provide quick and flexible support to countries in post conflict and post natural disaster circumstances, in addition to supporting African countries over the long haul, with relatively predictable aid flows and sustained advice.
Debt relief and grants have lowered IDA's financial reflows. To maintain the same volume of IDA credits and grants going to poor countries in IDA15 (mid-2008 to mid-2011), key years for achieving the MDGs, a generous replenishment of IDA is crucial. IDA15 replenishment negotiations started in March 2007. The next meeting is set to take place in Dublin, Ireland in early October.
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