Publication Date: June 2005
Publisher: Library of Congress. Congressional Research Service
Research Area: Banking and finance
On April 18, 2005, the Board of Governors of the International Development Association (IDA) approved the fourteenth replenishment of IDA's resources. The World Bank's concessional lending and grant making facility, IDA is funded by transfers from World Bank resources and periodic replenishments from World Bank donor countries.
The Bush Administration pursued and achieved a number of objectives at the IDA14 negotiations. These include implementing a results measurement framework, increasing the allocation of grants, implementing performance-based allocation, increasing transparency of IDA decision-making, and promoting opportunities for private sector development in the poorest countries. Congress is currently considering both authorization of U.S. participation in the three-year IDA-14 agreement, and a FY2006 $950 million appropriation request for the first year contribution. This report discusses key aspects of the agreement and will be updated as authorizing and appropriating legislation move forward.