{"id":163308,"date":"2024-11-29T14:10:28","date_gmt":"2024-11-29T14:10:28","guid":{"rendered":"https:\/\/www.one.org\/ca\/?p=163308"},"modified":"2024-11-29T14:10:30","modified_gmt":"2024-11-29T14:10:30","slug":"what-is-ida","status":"publish","type":"post","link":"https:\/\/www.one.org\/ca\/stories\/what-is-ida\/","title":{"rendered":"Why Canada Should Invest in IDA21"},"content":{"rendered":"\n<p>The International Development Association (IDA) is the World Bank\u2019s key mechanism for supporting the world\u2019s poorest countries. By providing low-interest loans and grants, IDA helps to improve health, education, infrastructure, and resilience against global challenges like climate change. It\u2019s a partnership that empowers countries to lead their own development, promoting growth and reducing poverty.<\/p>\n\n\n\n<p>As IDA prepares for its next replenishment meeting in December, Canada has a crucial role to play. Investing in IDA isn\u2019t just about helping others\u2014it\u2019s about creating a more stable, equitable, and prosperous world for everyone.<\/p>\n\n\n\n<p>Want to dig deeper and learn more? Keep reading below the gallery.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"163315\" src=\"https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-1024x1024.jpg\" alt=\"\" class=\"wp-image-163315\" srcset=\"https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-1024x1024.jpg 1024w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-300x300.jpg 300w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-150x150.jpg 150w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-768x768.jpg 768w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-16x16.jpg 16w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-320x320.jpg 320w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-640x640.jpg 640w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-800x800.jpg 800w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA-630x630.jpg 630w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-1-CA.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Imagine you had the opportunity to help transform the lives of 1.3 billion people!<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"163313\" src=\"https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-1024x1024.jpg\" alt=\"\" class=\"wp-image-163313\" srcset=\"https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-1024x1024.jpg 1024w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-300x300.jpg 300w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-150x150.jpg 150w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-768x768.jpg 768w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-16x16.jpg 16w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-320x320.jpg 320w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-640x640.jpg 640w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-800x800.jpg 800w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA-630x630.jpg 630w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-2-CA.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">World leaders like Chrystia Freeland can do just that by pledging to IDA.<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"163311\" src=\"https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-1024x1024.jpg\" alt=\"\" class=\"wp-image-163311\" srcset=\"https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-1024x1024.jpg 1024w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-300x300.jpg 300w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-150x150.jpg 150w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-768x768.jpg 768w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-16x16.jpg 16w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-320x320.jpg 320w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-640x640.jpg 640w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-800x800.jpg 800w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA-630x630.jpg 630w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-3-CA.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The International Development Association supports healthy lives, creates economic opportunities, and leverages more investments.<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"163309\" src=\"https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-1024x1024.jpg\" alt=\"\" class=\"wp-image-163309\" srcset=\"https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-1024x1024.jpg 1024w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-300x300.jpg 300w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-150x150.jpg 150w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-768x768.jpg 768w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-16x16.jpg 16w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-320x320.jpg 320w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-640x640.jpg 640w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-800x800.jpg 800w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA-630x630.jpg 630w, https:\/\/www.one.org\/ca\/wp-content\/uploads\/sites\/6\/2024\/11\/IDA-PE-4-CA.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Many countries have already stepped up and invested their fair share&#8230; Time is ticking, will Canada fall short?<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-what-makes-ida21-so-important\">What Makes IDA21 So Important?<\/h4>\n\n\n\n<p>IDA21\u2019s theme is <em>\u201cEnding Poverty on a Livable Planet: Delivering Impact with Urgency and Ambition.\u201d<\/em> This bold approach focuses on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>People:<\/strong> Expanding access to health, education, and job opportunities.<\/li>\n\n\n\n<li><strong>Planet:<\/strong> Investing in climate resilience and renewable energy.<\/li>\n\n\n\n<li><strong>Prosperity:<\/strong> Creating jobs and fostering economic growth.<\/li>\n\n\n\n<li><strong>Digitalization &amp; Infrastructure:<\/strong> Building the systems that connect people and ideas.<\/li>\n<\/ul>\n\n\n\n<p>These priorities reflect the urgent challenges facing countries in IDA\u2019s focus regions, many of which are in Africa.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-africa-s-transformative-potential\">Africa\u2019s Transformative Potential<\/h5>\n\n\n\n<p>Africa is at a turning point. By 2050, the continent will be home to a quarter of the world\u2019s workforce. This demographic boom represents a historic opportunity for economic transformation\u2014but only if the right investments are made.<\/p>\n\n\n\n<p>Currently, Africa\u2019s labor market creates 3 million jobs annually, while over 11 million young people enter the workforce each year. Bridging this gap requires:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Expanding private investment and skills training.<\/li>\n\n\n\n<li>Building regional trade networks and value chains.<\/li>\n\n\n\n<li>Leveraging abundant natural resources, including 40% of the world\u2019s renewable energy potential, to drive green industrial growth.<\/li>\n<\/ol>\n\n\n\n<p>IDA is uniquely positioned to support these efforts by providing the concessional financing needed to tackle poverty and promote sustainable development.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-examples-of-ida-s-impact\">Examples of IDA\u2019s Impact<\/h5>\n\n\n\n<p>IDA funding has already delivered transformative results:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In <strong>Malawi<\/strong>, electrification projects brought solar power to 1 million people and established 10 tech hubs, training 19,000 young people in digital skills.<\/li>\n\n\n\n<li>In <strong>Madagascar<\/strong>, IDA facilitated the digital issuance of 1.39 million land certificates, helping communities secure their livelihoods.<\/li>\n\n\n\n<li>In <strong>Sierra Leone<\/strong>, IDA enabled 30,000 women to commercialize smallholdings and improve agricultural practices, while also building four bridges to serve 1.7 million people.<\/li>\n<\/ul>\n\n\n\n<p>These projects showcase how IDA funding directly improves lives, empowering communities while laying the groundwork for long-term growth.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-why-canada-s-role-matters\">Why Canada\u2019s Role Matters<\/h5>\n\n\n\n<p>As African countries embrace trade integration, renewable energy, and 21st-century skills, they are keeping their end of the IDA partnership. Leaders have committed to the African Continental Free Trade Area, launched Mission 300 to improve electricity access for 300 million people, and prioritized youth-focused policies.<\/p>\n\n\n\n<p>Now it\u2019s time for donor countries like Canada to step up. Other nations are already showing bold leadership\u2014Norway increased its IDA commitment by 50%, Korea by 45%, and Spain by 35%. By making a stable and predictable investment in IDA21, Canada can ensure African countries have the resources they need to succeed.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-conclusion\">Conclusion<\/h4>\n\n\n\n<p>Africa\u2019s future is tied to global prosperity. By investing in IDA21, Canada can help unlock the continent\u2019s vast potential, creating opportunities for millions while addressing shared challenges like climate change and inequality. Let\u2019s commit to a better, more sustainable future\u2014together.<\/p>\n\n\n\n<p><strong>#InvestInIDA21<\/strong><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/x.com\/ONE_in_Canada\/status\/1861796187373789249\">here to amplify our thread<\/a> on X\/Twitter!<\/p>\n<div class=\"buffer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The International Development Association (IDA) is the World Bank\u2019s key mechanism for supporting the world\u2019s poorest countries. By providing low-interest loans and grants, IDA helps to improve health, education, infrastructure, and resilience against global challenges like climate change. It\u2019s a partnership that empowers countries to lead their own development, promoting growth and reducing poverty. As [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":163317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"162233,162234,162295,162264,162279,162274","_relevanssi_noindex_reason":"","footnotes":""},"categories":[150,38],"tags":[191,102,134],"topic":[],"contributor":[194],"one_content_audience":[],"one_content_type":[],"one_content_tone":[],"class_list":["post-163308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-campaign-update","category-one","tag-africa","tag-canada","tag-chrystia-freeland","contributor-neha-beri"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why Canada Should Invest in IDA21 - ONE.org Canada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.one.org\/ca\/stories\/what-is-ida\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Canada Should Invest in IDA21\" \/>\n<meta property=\"og:description\" content=\"The International Development Association (IDA) is the World Bank\u2019s key mechanism for supporting the world\u2019s poorest countries. By providing low-interest loans and grants, IDA helps to improve health, education, infrastructure, and resilience against global challenges like climate change. It\u2019s a partnership that empowers countries to lead their own development, promoting growth and reducing poverty. 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