News & Media / Mo responds to landmark IDA21 replenishment
Mo responds to landmark IDA21 replenishment
06 December, 2024
This week’s IDA replenishment is great news because it demonstrates the value of multilateralism. The $24bn raised will help some of the world’s most vulnerable navigate the converging crises that have pushed the system to the brink. This is a matter of joint interest, as escalating crises only feed global instability.
Key is also the fact that this replenishment is not just about more money, but smarter money. The major process reforms that have come with this replenishment will ensure greater efficiency in the use of financial resources, and make sure they reach the people and sectors who need it most.
