This afternoon, the World Bank’s shareholders will wrap up their latest discussions about replenishing IDA’s financial coffers – which provides cheap loans and grants to the world’s poorest countries. The largest donors seem more or less content with the new package of policy reforms. They have agreed that IDA should focus even more on evaluating project effectiveness and have greater flexibility in dealing with the most fragile countries. Nothing particularly earth shattering – and definitely nothing sexy (even for us propeller heads). Then again, IDA is already one of the most
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