WASHINGTON- The ONE Campaign released the following statement on the World Bank’s International Development Association (IDA) 21st replenishment pledging meeting, which raised $100 billion. 

“Today’s pledging conference was a bold breakthrough in leadership to provide the investments needed to create economic opportunities and healthier lives,” said Ndidi Okonkwo Nwuneli, CEO of ONE. “Investing in IDA is not just a catalyst for growth—it is a chance to strengthen trust between G7 and African nations, fostering global stability and security. It is also an investment in the future. Thirty-five countries have moved from IDA recipients to donors, proving that with the right investment countries can become self-sufficient and support others to do the same.  

“We commend countries like the US and the UK for stepping up when it matters most. ONE will be holding all donors to account, ensuring that these pledges are delivered in full, and we will be working closely with African governments and our civil society partners to ensure that the resources are maximized for impact.” 

In November, the US announced a $4 billion pledge to IDA21, a strong pledge that will help create pathway for economic growth and healthier lives and makes a huge impact on the African continent.

“I commend the United States for leading the way in making a strong pledge towards the IDA21 replenishment, every $1 contribution from the US catalyzes approximately $27 in additional resources,” said Nwuneli. “A strong pledge from the US allows emerging economies to expand access to electricity, upgrade education and health infrastructure, and invest in driving growth.”

Background: 

• The ONE Campaign’s research has shown that money flowing out of developing countries is outpacing aid and investment coming in. 

• Of the 78 countries that benefit from IDA, 40 are in Africa – and in the most recent fiscal year, Africa received 71% of total commitments. 

• African countries’ debt is at its highest level in over a decade.