Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, what his planned timetable is for the allocation of the £1.4 billion pledge to the International Development Association's replenishment fund.

The UK has committed £1.4 billion to the World Bank's International Development Association 20th (IDA20) replenishment. We will fund this by depositing promissory notes within the IDA20 cycle, which ends on 30 June 2025. The promissory notes will be encashed by the World Bank quarterly, for 6 years, starting from January 2025 and with the last encashment expected to be in April 2031. The UK has already made its first promissory note deposit to IDA20 in December 2023.