Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment he has made of the potential impact of trends in the level of UK contributions to the International Development Association on prospects for World Bank reform in 2023.
The $93 billion International Development Association 20th (IDA20) replenishment was the largest in IDA's history. The UK's £1.4 billion pledge makes us the third largest donor, in line with our share of global Official Development Assistance. We welcome the World Bank's commitment to step up to compounding global challenges. Alongside our IDA20 contribution we will closely engage on the World Bank reform process. We want the reform process to strengthen the Bank's offer to the world's poorest, make best use of the Bank's existing resources, including by implementing recommendations of the G20 Capital Adequacy Framework, and support countries through shocks and compounding crises.