{"id":163714,"date":"2024-12-06T22:00:01","date_gmt":"2024-12-06T22:00:01","guid":{"rendered":"https:\/\/www.one.org\/us\/?post_type=one_press&#038;p=163714"},"modified":"2024-12-06T22:00:03","modified_gmt":"2024-12-06T22:00:03","slug":"a-bold-breakthrough-in-leadership-at-ida-pledging-conference","status":"publish","type":"one_press","link":"https:\/\/www.one.org\/us\/press\/a-bold-breakthrough-in-leadership-at-ida-pledging-conference\/","title":{"rendered":"A Bold Breakthrough in Leadership at IDA Pledging Conference"},"content":{"rendered":"\n<p>WASHINGTON- The ONE Campaign released the following statement on the World Bank\u2019s International Development Association (IDA) 21st replenishment pledging meeting, which raised $100 billion.&nbsp;<\/p>\n\n\n\n<p>&#8220;Today\u2019s pledging conference was a bold breakthrough in leadership to provide the investments needed to create economic opportunities and healthier lives,\u201d <strong>said Ndidi Okonkwo Nwuneli, CEO of ONE.<\/strong> \u201cInvesting in IDA is not just a catalyst for growth\u2014it 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.&nbsp;&nbsp;<\/p>\n\n\n\n<p>\u201cWe 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.\u201d&nbsp;<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>\u201cI 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,\u201d <strong><a href=\"https:\/\/www.one.org\/us\/press\/one-reacts-to-us-ida-pledge\/\">said Nwuneli<\/a>.<\/strong> \u201cA strong pledge from the US allows emerging economies to expand access to electricity, upgrade education and health infrastructure, and invest in driving growth.\u201d<\/p>\n\n\n\n<p>Background:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The ONE Campaign\u2019s <a href=\"https:\/\/data.one.org\/data-dives\/g7-aid-to-africa\/\" target=\"_blank\" rel=\"noreferrer noopener\">research<\/a> has shown that money flowing out of developing countries is outpacing aid and investment coming in.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Of the 78 countries that benefit from IDA, 40 are in Africa \u2013 and in the most recent fiscal year, Africa received 71% of total commitments.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>African countries\u2019 debt is at its <a href=\"https:\/\/data.one.org\/topics\/african-debt\/\" target=\"_blank\" rel=\"noreferrer noopener\">highest level<\/a> in over a decade.&nbsp;<\/li>\n<\/ul>\n<div class=\"buffer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>WASHINGTON- The ONE Campaign released the following statement on the World Bank\u2019s International Development Association (IDA) 21st replenishment pledging meeting, which raised $100 billion.&nbsp; &#8220;Today\u2019s pledging conference was a bold breakthrough in leadership to provide the investments needed to create economic opportunities and healthier lives,\u201d said Ndidi Okonkwo Nwuneli, CEO of ONE. \u201cInvesting in IDA [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":0,"template":"","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":"161543,161438,161624,161572,161363,161702","_relevanssi_noindex_reason":"","footnotes":""},"contributor":[],"class_list":["post-163714","one_press","type-one_press","status-publish","hentry"],"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>A Bold Breakthrough in Leadership at IDA Pledging Conference - ONE.org US<\/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\/us\/press\/a-bold-breakthrough-in-leadership-at-ida-pledging-conference\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Bold Breakthrough in Leadership at IDA Pledging Conference\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON- The ONE Campaign released the following statement on the World Bank\u2019s International Development Association (IDA) 21st replenishment pledging meeting, which raised $100 billion.&nbsp; 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