World Bank’s IDA transforms lives through global development initiatives

World Bank’s IDA transforms lives through global development initiatives
Banking & Financial Services
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Ajay Banga 14th President of the World Bank Group | Official Website

In a remote area of Yemen, Hamama, a widow with no income, faced challenges due to the lack of electricity. The World Bank's International Development Association (IDA) provided her with a small solar system, enabling her to power her home. "Now I can use the bathroom or kitchen safely at night, and even praying is easier in the light," she expressed.

Hamama's story is one among many where IDA has made significant impacts since its establishment in 1960. IDA offers grants and low-interest loans to low-income countries, enhancing access to education, health services, and basic utilities like electricity. This support aims to boost economic growth and create opportunities while addressing climate change challenges.

In Yemen, IDA's collaboration with UNOPS under the Yemen Emergency Electricity Access Project has delivered solar solutions to remote families. This initiative aims to alleviate humanitarian crises by restoring livelihoods and meeting daily needs.

In Sierra Leone, IDA funded the West Africa Agricultural Productivity Programme (WAAPP), which introduced "miracle rice" varieties that are drought- and salt-tolerant. This project supports soil fertility management and mangrove technologies, empowering farmers to increase yields and improve food security.

Following Rwanda's 1994 Genocide, IDA assisted in demobilizing and reintegrating ex-combatants through projects from 2002 to 2017. These efforts provided medical care, shelter, and training for thousands returning from armed groups.

Saint Lucia faces high electricity costs due to reliance on imported petroleum products. To address this, IDA supports exploration of geothermal energy through the Renewable Energy Sector Development Project. This initiative also seeks to close the gender gap in the energy sector by offering scholarships and apprenticeships for women.

Tonga's pearl farmers faced market disruptions during the COVID-19 pandemic as cruise ship traffic ceased. With IDA's support through the Halafononga Ki Ha Ngatai Tu’uloa - Pathway to Sustainable Oceans Project, new markets were found for pearl vendors. As tourism resumes in Tonga, an IDA-financed Mabé Pearl Center aids in training and improving artisan pearl processing quality.