World Bank's financial aid to poor countries in global crisis is high

On the morning of November 23, the World Bank Management and representatives of 45 donor countries and 12 borrower countries have recently completed a three-day performance assessment of the International Development Association (IDA), and the World Bank's financial support for the 75 poorest countries during the global economic crisis has hit a record high. For IDA Phase 15th replenishment (IDA15, a three-day assessment of the time for the July 2008 ~2011 June, including discussions on the International Development Association policy and financing Framework, the impact of the crisis on low-income countries, and measures to ensure more rapid and effective support for crisis-affected countries,　　In particular, all the delegates presented a proposal to create a "IDA15 Crisis response window". "We are encouraged by the recognition of IDA's overall performance and its effective response to the global economic crisis by donors and partners," said Robert Syndiotactic Zoellick, World Bank Group president. Although IDA operates within the three-year fixed-finance framework, we look forward, including through early investment and rapid assistance, to expand support for poor countries heavily affected by the crisis, which has resulted in a record loan commitment for IDA during the IDA15 period.　　"Following a recent appeal by the G20 and Development Commission, a recommendation has been made for IDA15 's mid-term assessment: to help low-income countries mitigate the effects of the global economic crisis by creating a special Crisis response window for IDA." In his participation in discussions on the impact of the crisis on low-income countries, the Rwandan Minister of Finance and Economic planning, James Moussony, said: "The financial gap created by the global crisis has not only jeopardized the progress of countries, such as the Governments of Rwanda and other countries that have been working to implement important reforms, but also reduced our chances of achieving the 2015 Millennium Development Goals. IDA15 Building a Crisis response window can help us mitigate the short-term effects of the crisis without sacrificing long-term efforts. "We are pleased that donor countries and partners have expressed support for creating a crisis response window within IDA, and we will now submit the proposal to the IDA board for approval," Zoellick said. "Although there are signs of recovery in developed countries, the risk of deepening poverty in IDA borrowers is real," said Ngozi Oconyo-Okonjo, managing director of the World Bank, who chaired the IDA15 assessment.　　"The IDA15 Crisis Response window will provide additional funding for IDA borrowers to secure core spending on health, education, social security, infrastructure and agriculture." In the first 15 months of IDA15 (July 2008 ~2009 October), IDA loan commitments reached a record 16.9 billion dollars, up 50% per cent over the IDA14 period, reflecting a large increase in IDA15 (up 30% to $42 billion), As well as IDA in response to the financial crisis in the early investment, the speed of operation. Ida payments in the same period reached nearly 14 billion U.S. dollars, the first four months of fiscal year 2010 (July 2009 ~ October) significantly increased to 46Billion, compared to $2.4 billion in the 09 fiscal year. It is reported that Africa is still the largest recipient of Ida, accounting for 55% of the total loan commitments, the total payment of 46%. South Asia ranked second, accounting for about one-third per cent of loan commitments and payments. (Snow Ting)