IDA is the part of the World Bank Group WBG that helps the worlds poorest countries end extreme poverty and build shared prosperity in a sustainable manner. It aims to reduce poverty by providing loans and grants for programs that boost economic growth reduce inequalities and improve peoples living conditions. Switzerland has contributed to IDA since 1967 and once again played an active role in the replenishment negotiations for the period 2017-2020 which defined five priority areas climate change fragility conflict and violence FCV jobs and economic transformation governance and institutions and gender and development. This is Switzerlands largest financial contribution to a multilateral organization reflecting the importance and global relevance of IDA and the WBG in helping Switzerland achieve its development goals.CountryregionTopicPeriodBudgetGlobalOtherSector not specified01.07.2017 - 31.12.2026CHF 645000000Area of responsibilityThe WBG which is owned by 189 member countries is a global thought leader on development principles and standards as well as a leading producer of globally relevant knowledge products. With regard to development finance it is the most influential multilateral organization. IDAs comparative advantage is rooted in a strong and effective business model that leverages resources and delivers value for money. The IDA18 replenishment negotiations assembled a record USD 75 billion financing package adjusting IDAs financing model to leverage its balance sheet on the international capital markets so-called IDA. This will allow for a substantial increase in lending volume to support the 2030 Agenda in the poorest countries in particular in fragile countries.Switzerlands and the organisations strategic priorities and their coherenceThe WBG including IDA is among the 15 priority multilateral organizations according to the Dispatch on International Cooperation 2017-2020. The five special themes of IDA18 climate change fragility conflict and violence FCV jobs and economic transformation governance and institutions and gender and development correspond closely to those of SECO and SDC as outlined in the Dispatch 2017-2020. In addition during the replenishment negotiations Switzerland strongly pushed for IDA to make a focused contribution toward the implementation and results monitoring of the 2030 Agenda intensify its efforts to improve conditions for the private sector and to cooperate more closely with other development actors such as the UN especially in fragile contexts. The new IDA business model answers the call of the Addis Ababa Action Agenda for multilateral development banks to maximize their resources and find innovative ways to finance the 2030 Agenda.Results of the organisations previous engagementIDA has been making solid progress toward fulfilling IDA17 policy commitments. Record lending during the first year of IDA17 reflects the stro
π Key Information
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Tender Reference No.
462683772
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Publication Date
29 May 2021
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Estimated Value
USD 645000000
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Sector
Banking, Finance, Insurance and Securities (BFIS)
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Deadline
31 Dec 2026
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Notice Type
Projects
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Location
Switzerland
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Contract Duration
5 Years 7 Months 2 Days
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Documents & Downloads
No documents found
π·οΈ CPV
No CPV found
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