IDA Operational Highlights Figures

IDA Financial and Operational Highlights

IDA Financing

• Effective March 23, 2000, IDA-12 replenishment provides resources for new financing commitments during fiscal 2000—02.

• IDA-12 replenishment of $20.5 billion included $11.6 billion of new donor funds.

• IBRD Net Income contributed $0.9 billion to IDA-12.

• IDA’s own resources represent $8.0 billion. This source of funds has become increasingly important as a share of replenishments, rising from 20 percent in IDA-10 to 39 percent in IDA-12.

Lending: Lower Volume, Focus on Effective Use of Resources

• A decline in IDA lending commitments in fiscal 2000 reflected the confluence of country-specific factors–especially policy and institutional performance and conflict situations in Africa and Asia–and IDA’s focus on selectivity and aid effectiveness.

• As with IBRD operations, innovative new lending instruments that promote learning and innovation with reduced risk and greater aid effectiveness also imply smaller operations. The size of new IDA operations averaged under $35 million in fiscal 2000, compared with $55 million for fiscal 1990—99.

• As with IBRD operations, operational quality continued to improve, while analytical and advisory services–and new support for preparing Poverty Reduction Strategies–enhanced prospects for successful use of IDA resources.

Lending by Region: Focus on Africa and on Reformers

• New IDA commitments to the Africa region in fiscal 2000 stood at $2.0 billion, about the same level as in fiscal 1999 but constituting a higher share of total IDA lending and approaching the 50 percent target set by IDA donors.

• India was the largest IDA borrower in fiscal 2000 with new commitments of $867 million, followed by support for structural and social reforms in Tanzania ($330 million), Vietnam ($286 million), as well as Mozambique, Senegal, and Zambia.

Lending by Sector: Human Development, Reform, Infrastructure

• Support for human development–including education, health and nutrition, and social protection–was the most important focus of IDA lending in fiscal 2000 ($1.6 billion, a third of which for India).

• Human development operations repeated successful experience (especially in social funds and education), focused on basic health and education, and involved innovative approaches (such as distance learning in Benin and community development in Lesotho).

• Support for economic reform, economic recovery (multisector), and private sector development was focused largely on Africa ($0.7 billion).

• IDA support for infrastructure needs was also significant ($0.6 billion), recognizing these countries’ limited access to private capital–which plays an increasing role in financing infrastructure–and supporting sector reforms (Madagascar transport, Nicaragua telecom) as well as rural development (Bhutan, Vietnam).

• Assistance for agricultural and environmental needs was also significant ($0.5 billion), with the largest number of operations in Eastern Europe.