“Leaders of low-income countries around the world called for stronger IDA contributions and we listened,” said Anneliese Dodds, development minister.“Leaders of low-income countries around the world called for stronger IDA contributions and we listened,” said Anneliese Dodds, development minister.The UK has increased its contribution to the World Bank, in a move that will boost prospects for climate finance.
Anneliese Dodds, the development minister, said: “Britain is back with a voice on the world stage. When we said we would take a new approach to development, built on genuine partnerships and based on respect, we meant it. Leaders of low-income countries around the world called for stronger IDA contributions and we listened.”
Experts and campaigners welcomed the cash injection. Avinash Persaud, climate advisor to the president of the Inter American Development Bank, said: “I recognise the challenging circumstances in which this commitment has been made to some of the most vulnerable countries. I personally wish it was more, but I very much welcome the strong endorsement this makes to the multilateral system.”
Adrian Lovett, the UK executive director of the campaign group ONE, said: “Every pound invested by the UK in IDA helps to catalyse far more from others, ensuring the maximum value to British taxpayers. We look to other countries, including France, Canada and Sweden, to now make their pledges and complete this investment package.”summit, which ended on Sunday amid rancour and accusations that the rich world had betrayed the poor, and that the hosts had stage-managed the conference.