Publication

This essay looks at the way the World Bank raises funds, particularly for its International Development Association (IDA), which provides grants and concessional loans to the world's poorest countries. The authors say that the 17th replenishment amassed another $52 billion for the IDA and appears to show that the association is at the peak of its fundraising prowess. However, they argue that the World Bank should make the 17th replenishment the last one as maintaining this fundraising model will eventually lead to an underfunded institution increasingly isolated from its shareholders.