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After advocating for an ambitious 20th replenishment of the World Bank’s International Development Association (IDA20) at their Heads of State Summit in Abidjan in July 2021, African leaders convened again in Dakar, Senegal, on July 7, 2022, to call for a strong start to the implementation of IDA20 focused on a robust and resilient recovery for Africa.
Hosted by Senegalese President Macky Sall, the Summit welcomed several Heads of State and Government from across the continent.
African countries have been hit hard by the multiple global crises of climate and COVID-19, growing levels of food insecurity, and more recently by the impact of the war in Ukraine. The IDA20 program will support a resilient recovery from these crises, and help the continent continue its economic transformation. The summit also endorsed the work and relevance of IDA as a partner of choice in the region. IDA is one of the largest sources of funding for fighting extreme poverty in the world’s lowest income countries. Africa is IDA’s biggest beneficiary with 39 countries and has made significant headway in improving development indicators during six decades of partnership with the World Bank.
Summit deliberations focused on five priority areas for the region:
Agriculture, livestock, and food security;
Digital and technological innovations; and
- Energy transition.
For more details, read the Dakar Call to Action