International Development Association - Board of Governors Resolution No. 248 - Additions to Resources - Twentieth Replenishment

Jul 19, 2026

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Resolution No. 248 of the International Development Association Board of Governors authorizes additions to the Association’s resources as part of the Twentieth Replenishment. It addresses the urgent need to increase financing for borrowing countries, particularly to support COVID-19 response and recovery. The resolution shortens the Nineteenth Replenishment by one year, sets the Twentieth Replenishment period from July 1, 2022 to June 30, 2025, and defines subscription, voting, and financing mechanisms.

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Reading Time48 min

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Resolution No. 248 - Additions to Resources: Twentieth Replenishment

Whereas Clauses

Acceptance of the Report and Terms and Conditions

1. Adjustment of the Period of the Nineteenth Replenishment

2. Authorization of Subscriptions under the Twentieth Replenishment

Public Disclosure Authorized Public Disclosure Authorized INTERNATIONAL DEVELOPMENT ASSOCIATION BOARD OF GOVERNORS Resolution No. 248 Additions to Resources: Twentieth Replenishment WHEREAS: (A) The members of the International Development Association (the “Association”) have recognized the urgent need to increase the financing of the Association to its borrowing countries to further support the response to and recovery from the COVID-19 pandemic; (B) In recognition of the strong demand for additional resources in the face of the COVID-19 pandemic, the Executive Directors of the Association have considered the prospective financial requirements of the Association and have concluded that it is desirable to: (i) shorten the period of the Nineteenth Replenishment of resources authorized by Resolution No. 244 of the Board of Governors (the “Nineteenth Replenishment”) by one year and adjust the financing envelope for the Nineteenth Replenishment; and (ii) authorize a replenishment of resources for new financing commitments for the period from July 1, 2022 to June 30, 2025 (the “Twentieth Replenishment”) in the amounts and on the basis set out in the report of the IDA Deputies,“Additions to Resources: Twentieth Replenishment – Building Back Better from the Crisis: Toward a Green, Resilient and Inclusive Future,”(the“Report”), approved by the Executive Directors on February 17, 2022, and submitted to the Board of Governors; (C) The members of the Association agree that an increase in the resources of the Association is required and intend to take all necessary governmental and legislative action to authorize and approve the allocation of additional resources to the Association in the amounts and on the conditions set out in this Resolution; (D) Additional subscriptions are to be authorized: (i) for members of the Association that have expressed their intention, subject to any necessary legislative authorization, to make available additional resources to the Association, and (ii) for other members of the Association pursuant to the provisions of Article III, Section 1(c) of the Articles of Agreement of the Association (the “Articles”) to give each such member an opportunity to subscribe, under such conditions as shall be reasonably determined by the Association, an amount which will enable it to maintain its relative voting power; (E) Recipient Members (as defined in paragraph 13(a) below) are to receive additional votes to enhance Recipients’ voice, on the basis of the agreement of Non-Recipient Members (as defined in paragraph 13(b) below) and Interstitial Non-Recipient Members (as defined in paragraph 13(a) below) to waive their rights under Article III, Section 1(c) of the Articles; (F) It is desirable to provide for a portion of resources to be subscribed by members to be paid to the Association as advance subscriptions; (G) Additional subscriptions are to be authorized for members to provide compensation for the Association’s debt forgiveness commitments under the HIPC Debt Initiative; and to reflect the grant element of concessional loans made by members to the Association; (H) The Executive Directors ofthe Association have authorized the borrowing of concessional loans from members (each a “Concessional Partner Loan”) (“CPL”) in the currencies and on the terms and conditions as approved by the Executive Directors and it is intended that the grant element of the CPLs will form part of the member’s subscriptions hereunder; (I) It is desirable to authorize the Association to provide financing in the form of grants, guarantees, equity investments, and the intermediation of risk management products in addition to loans; and (J) It is desirable to administer any remaining funds from the Nineteenth Replenishment as part of the Twentieth Replenishment. NOW THEREFORE THE BOARD OF GOVERNORS HEREBY ACCEPTS the Report as approved by the Executive Directors, NOTES its conclusions and recommendation

FAQs

What is Resolution No. 248 authorizing for the International Development Association?

It authorizes additions to the Association’s resources under the Twentieth Replenishment, including subscription increases and financing arrangements to support borrowing countries’ needs.

How does the resolution change the Nineteenth Replenishment?

It amends the prior authorization to shorten the Nineteenth Replenishment period by one year and adjusts the financing envelope accordingly.

What are the key features of the Twentieth Replenishment period and purpose?

The resolution sets the Twentieth Replenishment for new financing commitments from July 1, 2022 to June 30, 2025, aiming to strengthen COVID-19 response and recovery support.

Jul 19, 2026

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