Anneliese Dodds

Anneliese Dodds

Labour (Co-op) — Oxford East

Speaking in the House of Commons on 28 October 2024

Debate

International Engagement

Contribution

I am very grateful to my hon. Friend for raising this issue. IDA is a critical part of the World Bank’s architecture. It is the fund that is focused on the very poorest countries that are most in need of support, but also those which can grow very quickly when they receive that support economically. It is extremely good value: every $1 invested in it results in $3 to $4 for those in the poorest countries. The UK has been clear, as I mentioned, that we will increase our contribution. We are urging others to do the same. Denmark and Spain said that they would do just that, which I think is a vote of confidence in IDA.

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