|


The
International Development Association (IDA) was developed in the
1950s to grant long-term loans at zero interest to the world's poorest
countries. IDA
is funded largely by contributions from the governments of the richer
World Bank member countries like the United States. Donors "replenish"
their pledges every three years. The United States Congress
plays an important part in pushing for reform at the World Bank
as it authorizes and appropriates the IDA replenishment.
FoE
is campaigning to ensure that the hundreds of millions of taxpayer
dollars that are provided to the World Bank through IDA replenishment
do not fund more failure at the institution. Reforms to cancel poor
country debt, improve transparency, achieve positive health and
education outcomes, ensure respect for core worker and gender rights,
and protect the environment can deliver positive change to the lives
of hundreds of millions of people in poor countries.
|