World Bank: Finance
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether his Department has plans to increase funding to the World Bank.
Answered by Anneliese Dodds
The UK pledged £1.98 billion to the 21st replenishment (IDA21) of the International Development Association (IDA) which works with the poorest countries globally, in late-November 2024. IDA21 runs between July 2025 and ends by June 2028. IDA's three-year replenishment cycle means donors are next scheduled to pledge in 2027. In April 2024, the UK also announced a contribution of £100 million in Hybrid Capital to the International Bank of Reconstruction and Development (IBRD), an arm that provides development finance to middle income countries. The UK remains supportive of proposals for a future IBRD general capital increase as part of wider efforts to meet the UN's Sustainable Development Goals.
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