“Across 2024 and 2025, almost a dozen major multilateral funds are going to donors for additional funding in what we dubbed a “traffic jam” of replenishments. As 2024 draws to a close, three replenishments have concluded (sort of—read on for more). IDA is the largest and the standout: the World Bank’s concessional fund hit the $100-billion mark even as donor pledges stayed flat. IDA was swimming against the tide of increasingly inward-facing policy agendas across many core donor countries, so just being able to hold steady is a significant achievement. Others, like the Pandemic Fund and the World Health Organization’s inaugural “investment round,” are encountering bigger challenges, with pledges to date only meeting half their fundraising targets.
Here are our top takeaways: […]”
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