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align="left" valign="top" class="bodyWhiteSpacetext">  <img src="/web/20190610070151im_/http://web.worldbank.org/shared/images/shim.gif" alt="" width="410" height="4">  <a name="mainContent"></a>  <innerpage name="whiteSpace"> <gutter y><table width="100%" border="0" cellspacing="0" cellpadding="0" summary=""> <tr> <td width="20" class="ContentGutter"> <img src="/web/20190610070151im_/http://web.worldbank.org/shared/images/shim.gif" alt="" width="20" class="ContentGutter"> </td> <td valign="top" align="left">   <table summary="The Details about Record Funding for World’s Poorest Countries displayed below" cellpadding="0" cellspacing="0" class="Table100per"> <tr> <td colspan="3"> <h1>Record Funding for World’s Poorest Countries</h1> </td> </tr> <tr> <td class="AWpagetitleLineBlue" colspan="3"><img height="1" alt="" width="10" src="/web/20190610070151im_/http://web.worldbank.org/shared/images/shim.gif"></td> </tr> <tr> <td><img height="7" width="10" alt="" src="/web/20190610070151im_/http://web.worldbank.org/shared/images/shim.gif"></td> </tr> <tr> <td width="20%"></td><td width="80%"> <table class="Table100per" cellpadding="0" cellspacing="0" border="0"> <tr> <td class="Lang_OptTxt Lang_Opt"><b>Available in: </b><a title="Español" href="https://web.archive.org/web/20190610070151/http://web.worldbank.org/WBSITE/EXTERNAL/BANCOMUNDIAL/NEWSSPANISH/0,,contentMDK:21587489~pagePK:64257043~piPK:437376~theSitePK:1074568,00.html" class="AWContentSmall Nrm">Español</a>, <a title="Deutsch" href="https://web.archive.org/web/20190610070151/http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:21587496~enableDHL:TRUE~menuPK:34463~pagePK:34370~piPK:34424~theSitePK:4607,00.html" class="AWContentSmall Nrm">Deutsch</a>, <a title="日本語" href="https://web.archive.org/web/20190610070151/http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:21588893~enableDHL:TRUE~menuPK:34463~pagePK:34370~piPK:34424~theSitePK:4607,00.html" class="AWContentSmall Nrm">日本語</a>, <a title="русский" href="https://web.archive.org/web/20190610070151/http://web.worldbank.org/WBSITE/EXTERNAL/EXTRUSSIANHOME/NEWSRUSSIAN/0,,contentMDK:21588489~pagePK:64257043~piPK:437376~theSitePK:1081472,00.html" class="AWContentSmall Nrm">русский</a>, <a title="العربية" href="https://web.archive.org/web/20190610070151/http://web.worldbank.org/WBSITE/EXTERNAL/EXTARABICHOME/NEWSARABIC/0,,contentMDK:21587706~pagePK:64257043~piPK:437376~theSitePK:1052299,00.html" class="AWContentSmall Nrm">العربية</a>, <a title="Français" href="https://web.archive.org/web/20190610070151/http://web.worldbank.org/WBSITE/EXTERNAL/ACCUEILEXTN/NEWSFRENCH/0,,contentMDK:21587608~pagePK:64257043~piPK:437376~theSitePK:1074931,00.html" class="AWContentSmall Nrm">Français</a></td> </tr> </table> </td> </tr> <tr> <td colspan="3"><img height="5" width="10" alt="" src="/web/20190610070151im_/http://web.worldbank.org/shared/images/shim.gif"></td> </tr> <tr> <td colspan="3"><b>Press Release No:</b>2007/155/IDA</td> </tr> <tr> <td colspan="3"><img height="5" width="10" alt="" src="/web/20190610070151im_/http://web.worldbank.org/shared/images/shim.gif"></td> </tr> <tr> <td colspan="3"><p><strong>Contacts<br></strong>In Berlin: Angela Furtado;( +44 773 4543 645)<br><a href="https://web.archive.org/web/20190610070151/mailto:afurtado@worldbank.org">afurtado@worldbank.org</a><br>In Washington: Amy Stilwell(202-458-4906);<br><a href="https://web.archive.org/web/20190610070151/mailto:astilwell@worldbank.org">astilwell@worldbank.org</a></p><p><b>Berlin</b> <b>, December 14, 2007</b> – Donor countries today pledged a record US$ 25.1 billion for the World Bank to help overcome poverty in the world’s poorest countries. In total, the IDA15 replenishment will provide US$ 41.6 billion, an increase of US$ 9.5 billion over the previous replenishment (IDA14) which provided US$ 32.1 billion.</p><p><i>“This is the largest expansion in donor funding in IDA’s history,”</i> <b>World Bank Group President Robert B. Zoellick</b> said of the 15<sup>th</sup> replenishment of the International Development Association (IDA15). “<i>The donor community has demonstrated its full commitment to helping countries overcome poverty and achieve sustainable growth, especially in Africa.”</i></p><p>The record donor pledges for IDA15 represent a 42 percent increase from the previous replenishment. This is complemented by US$ 16.5 billion in internal financing from the World Bank Group and prior donor pledges for financing debt forgiveness.</p><p><b>Zoellick</b> praised and thanked donors for this unprecedented show of support. <i>“These funds will ensure IDA can continue to serve the 2.5 billion people living in the poorest countries on five continents,”</i> he said.</p><p><i>“This generous replenishment is both a strong recognition of the importance of multilateral aid and a vote of confidence in IDA as an effective platform for global development aid</i><i>.”</i></p><p>IDA15 will support low-income countries by increasing its activities in combating climate change, facilitating regional integration and cooperation, boosting infrastructure investment and providing greater support to post-conflict countries, notably in Africa.</p><p>A total of 45 countries made pledges to IDA’s 15<sup>th</sup> replenishment, the highest number of donors in IDA’s history. Six countries – China, Cyprus, Egypt, Estonia, Latvia and Lithuania, joined the list of donors. Some of the countries, such as Egypt and China, were once IDA borrowers. <i>“We have been working hard to bring in more donors to IDA,”</i> said <b>Zoellick.</b><i>“Broadening the base will help</i> <i>us raise more funds and build a solid foundation for IDA moving forward.”</i></p><p>The funding pledges came after two days of meetings of donor and borrowing country representatives hosted by the German Government in Berlin. <b>German Minister for Economic Cooperation and Development, H.E. Heidemarie Wieczorek- Zeul</b> welcomed the positive outcome of the replenishment, describing the World Bank Group as “<i>"one of the institutions that is key to achieving the Millennium Development Goals,</i> " and <i>"a role model, a frame of reference for many other multilateral and bilateral donors.”</i></p><p>Donors strongly endorsed IDA’s development effectiveness and recognized its critical importance in helping developing nations reach the Millennium Development Goals, including the internationally agreed target to halve poverty by the year 2015.</p><p><i>“We very much welcome this substantial replenishment of IDA as well as its clear regional focus on Sub-Saharan Africa,”</i> said <b>H. E.</b> <b>John Kufuor, President of Ghana and Chairman of the Assembly of the African Union <i>.</i></b><i> “</i><i>As we approach the target year of 2015 it is extremely important for African countries to know they can count on the international donor community and on a strong IDA to help us achieve the Millennium Development Goals and improve the livelihoods of African people. We see this replenishment as a bold step forward in the implementation of the scaling up agenda and look forward to the same level of commitment in the overall support of our partners to our development effort.”</i></p><p>Mr. Zoellick noted that this replenishment round was especially challenging as repayments during IDA15, including compensation for debt forgiveness, remain broadly the same as in IDA14. This meant that the bulk of any increase in the overall IDA envelope would be borne by donors, requiring a proportionally larger effort on their part.</p><p><b>Background</b></p><p>IDA is one of the largest sources of assistance for the world’s poorest countries, 39 of which are in Africa. Nearly all of IDA's loans (known as credits) have no interest charge and repayments are stretched over 35 to 40 years, including a 10-year grace period. IDA also provides outright grants to countries at risk of debt distress. IDA provides knowledge and financial services to client countries in support of their priorities and needs. </p><p>IDA-financed operations address primary education, basic health services, clean water and sanitation, environmental safeguards, business climate improvements, infrastructure, and policy and institutional reforms. These projects pave the way toward economic growth, job creation, higher incomes and better living conditions for the poor.</p><p>Since its inception, IDA credits and grants have totaled US $182 billion, averaging US $10 billion a year in recent years and directing the largest share, about 50 percent, to Africa. In fiscal year 2007 (which ended June 30, 2007), IDA commitments reached a record level of US $11.9 billion. Nineteen percent of those commitments were provided on grant terms. New commitments in 2007 comprised 189 operations. In September of 2007 the World Bank Group pledged to provide US $3.5 billion in net income transfers to IDA15. The US $3.5 billion is expected to be contributed equally by IFC and the International Bank for Reconstruction and Development (IBRD), both affiliates of the World Bank Group. </p><p align="center">To learn more about the impact of IDA operations, visit <a href="https://web.archive.org/web/20190610070151/http://www.worldbank.org/results">http://www.worldbank.org/results</a></p><p align="center"></tr> <tr> <td></td> </tr> </table>  <br>     <div class="AlnL"></div>       </td></tr> </table> <div align="center" id="shortUrlDiv"> <br> <br> <br> Permanent URL for this page: <a href="https://web.archive.org/web/20190610070151/http://go.worldbank.org/ALRMU4PQ40">http://go.worldbank.org/ALRMU4PQ40</a></div> </div> </td> <td valign="top" align="left"><br> </td> </tr> </tbody> </table> <table cellspacing="0" cellpadding="0" class="Table100per" valign="top"> <tbody> <tr> <td><img src="/web/20190610070151im_/http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0%2C%2CcontentMDK:21587453~menuPK:34463~pagePK:34370~piPK:34424~theSitePK:4607%2C00.html" height="7" width="1" alt=""></td> </tr> <tr> <td class="PageTitleLineGreyDpLib"><img src="/web/20190610070151im_/http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0%2C%2CcontentMDK:21587453~menuPK:34463~pagePK:34370~piPK:34424~theSitePK:4607%2C00.html" height="1" width="1" alt=""></td> </tr> <tr> <td><img src="/web/20190610070151im_/http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0%2C%2CcontentMDK:21587453~menuPK:34463~pagePK:34370~piPK:34424~theSitePK:4607%2C00.html" height="6" width="1" alt=""></td> </tr> <tr> <td align="left">       <div class="Ftrmain"> <div class="FltL FtrTopMgnNT"> <img src="https://web.archive.org/web/20190610070151im_/http://siteresources.worldbank.org/images/globebottom.gif"> </div> <div class="FltL MgnN35L"> <ul class="NoLst footer FooterLnk FtrTopMgnNT"> <li> <a class="FooterLnk" href="https://web.archive.org/web/20190610070151/http://www.worldbank.org/" title="Home"> Home</a> <span class="txtBk01 VerAlnMid">|</span> </li> <li> <a class="FooterLnk" href="https://web.archive.org/web/20190610070151/http://www.worldbank.org/en/about/contacts" title="Contact Us"> Contact Us</a> <span class="txtBk01 VerAlnMid">|</span> </li> <li> <a class="FooterLnk" href="https://web.archive.org/web/20190610070151/http://www.worldbank.org/search" title="Search"> Search</a> <span class="txtBk01 VerAlnMid">|</span> </li> <li> <a class="FooterLnk" href="https://web.archive.org/web/20190610070151/http://www.worldbank.org/rss" title="RSS"> <img src="https://web.archive.org/web/20190610070151im_/http://siteresources.worldbank.org/images/rss_blog.gif" align="absmiddle" style="border: none;" title="RSS"> RSS</a> </li> </ul> </div> <br> <div class="clrboth"></div> <div class="FooterTxt FltL FtrBotMgnPL FtrBotMgnNT ">© 2016 <a href="https://web.archive.org/web/20190610070151/http://www.worldbankgroup.org/" class="FooterTxtCond" title="The World Bank Group">The World Bank Group</a>, All Rights Reserved. <a href="https://web.archive.org/web/20190610070151/http://www.worldbank.org/legalinfo" class="FooterTxtCond" title="Legal">Legal</a> </div> </div>      <script language="JavaScript"> var my_webStat_status = "false"; var my_Stats_type = "G"; var my_StatsH_code = "false"; var my_StatsG_code = "true"; </script>   <a href="https://web.archive.org/web/20190610070151/http://botresources.worldbank.org/SPYDER/shim.html"></a> </td> </tr> </tbody> </table> <center></center> </tbody> </table> </center> </td> </tr> </tbody> </table> </table> </body> </html>    <script language="JavaScript"> var my_webStat_status = "true"; var my_Stats_type = "G"; var my_StatsH_code = "false"; var my_StatsG_code = "true"; </script> <script language="JavaScript" src="https://web.archive.org/web/20190610070151js_/http://siteresources.worldbank.org/SITEMGR/Resources/WebStatsUtil.js"></script> <script language="JavaScript"> //Variables common for BOTH G & H codes. 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if(!propVariable) { propVariable=document.createElement('input'); propVariable.id = "s_server"; propVariable.type = "hidden"; propVariable.value = "w1es1261.worldbank.org"; } else { propVariable.value="w1es1261.worldbank.org"; } document.forms.propForm.appendChild(propVariable); //To inherit the pageType value to the popup window of Emailonload page and Thank you page propVariable = document.getElementById("s_pageType"); if(!propVariable) { propVariable=document.createElement('input'); propVariable.id = "s_pageType"; propVariable.type = "hidden"; propVariable.value = ""; } else { propVariable.value=""; } document.forms.propForm.appendChild(propVariable); //To inherit the linkInternalFilters value to the popup window of Emailonload page and Thank you page propVariable = document.getElementById("s_linkInternalFilters"); if(!propVariable) { propVariable=document.createElement('input'); propVariable.id = "s_linkInternalFilters"; propVariable.type = "hidden"; propVariable.value = "WBSITE/EXTERNAL/NEWS/"; } else { propVariable.value="WBSITE/EXTERNAL/NEWS/"; } document.forms.propForm.appendChild(propVariable); //To inherit all the Prop variables to the popup window of Emailonload page and Thank you page append_propvariables("pageName",s.pageName); append_propvariables("BreadCrum",s.BreadCrum); append_propvariables("prop2",s.prop2); append_propvariables("prop3",s.prop3); append_propvariables("prop4",s.prop4); append_propvariables("prop5",s.prop5); append_propvariables("prop6",s.prop6); append_propvariables("prop7",s.prop7); append_propvariables("prop8",s.prop8); append_propvariables("prop9",s.prop9); append_propvariables("prop11",s.prop11); append_propvariables("prop12",s.prop12); append_propvariables("prop13",s.prop13); append_propvariables("prop16",s.prop16); append_propvariables("prop17",s.prop17); append_propvariables("prop18",s.prop18); append_propvariables("prop19",s.prop19); append_propvariables("prop20",s.prop20); append_propvariables("prop1",s.prop1); } // To post only G code in the popup window of EmailSubmit page if(my_StatsG_code) { propVariable = document.getElementById("isGStatscode"); 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