Sustainable Development Finance Policy of the International Development Association - Mid-Term Implementation Review - April 7, 2023

Jul 19, 2026

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The document presents a mid-term implementation review of the International Development Association’s Sustainable Development Finance Policy, dated April 7, 2023. It defines key acronyms and fiscal-year conventions, then reviews global debt developments and the Debt Sustainability Enhancement Program. It assesses FY22 Program of Policy Actions through design and implementation results, formulates FY23 actions, and analyzes additionality and continuity across three years. It also outlines the Program of Creditor Outreach, including objectives, activities, and emerging results.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages81

Reading Time3 h 24 min

Executive Summary

Introduction

Global Debt Developments

Debt Sustainability Enhancement Program

Implementation Assessment of FY22 PPAs

Formulation of FY23 PPAs

Additionality and Continuity of PPAs Over the Past Three Years

PPAs in Broader World Bank Engagements

Lessons Learned

Program of Creditor Outreach

Strategic Objectives and Results Framework

Creditor Outreach Activities

Emerging Results

Lessons Learned

Conclusion

List of Annexes

Public Disclosure Authorized Public Disclosure Authorized SUSTAINABLE DEVELOPMENT FINANCE POLICY OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION: MID-TERM IMPLEMENTATION REVIEW April 7, 2023 ACRONYMS AND ABBREVIATIONS Fiscal Year (FY) = July 1 to June 30 All dollar amounts are US dollars AfDB AsDB CPIA DeMPA DMF DPO DRS DSA DSEP DSSI EU FCV FRS FY G20 GDP GST IBRD IDA IFAD African Development Bank Asian Development Bank Country Policy and Institutional Assessment Debt Management Performance Assessment Debt Management Facility Development Policy Operation Debt Reporting System Debt Sustainability Analysis Debt Sustainability Enhancement Program Debt Service Suspension Initiative European Union Fragile, Conflict, and Violence Fiscal Risk Statements Fiscal Year The Group of Twenty major advanced and emerging economies Gross Domestic Product General Sales Tax International Bank for Reconstruction and Development International Development Association International Fund for Agricultural Development IMF LIC LIC DSF MAC DSA MDB MoF NCB NCBP ODA OECD OP7.30 PCO PPAs PPG PPP RECA SDFP SOE WBG International Monetary Fund Low-income Countries Debt Sustainability Framework for Low-Income Countries Debt Sustainability Assessment Framework for Market-Access Countries Multilateral Development Bank Ministry of Finance Non-Concessional Borrowing Non-Concessional Borrowing Policy Official Development Assistance Organisation for Economic Cooperation and Development Operation Policy 7.30 Program of Creditor Outreach Performance and Policy Actions Public and Publicly Guaranteed Public-Private Partnership Remaining Engaged in Conflict Allocation Sustainable Development Finance Policy State-Owned Enterprise World Bank Group TABLE OF CONTENTS EXECUTIVE SUMMARY ........................................................................................................... i I. INTRODUCTION ................................................................................................................. 1 II. GLOBAL DEBT DEVELOPMENTS ................................................................................. 2 III. DEBT SUSTAINABILITY ENHANCEMENT PROGRAM............................................ 5 A. Implementation Assessment of FY22 PPAs ....................................................................... 6 i. Design of FY22 PPAs ....................................................................................................6 a. Debt Transparency .................................................................................................. 7 b. Debt Management ................................................................................................... 8 c. Fiscal Sustainability ................................................................................................ 9 ii. Results from the Implementation of FY22 PPAs ........................................................10 B. Formulation of FY23 PPAs .............................................................................................. 12 i. Preparation of FY23 PPAs ........................................................................................... 12 ii. Design of FY23 PPAs .................................................................................................. 13 a. Debt Transparency ................................................................................................ 14 b. Debt Management ................................................................................................. 14 c. Fiscal Sustainability .............................................................................................. 15 C. Additionality and Continuity of PPAs Over the Past Three Years ................................... 16 D. PPAs in Broader World Bank Engagements ...............

FAQs

What is the purpose of the Sustainable Development Finance Policy mid-term review?

It reviews mid-term progress in implementing the International Development Association’s Sustainable Development Finance Policy, including program design, execution, and results for policy actions.

How does the document assess FY22 PPAs?

It evaluates FY22 Program of Policy Actions by reviewing their design and then reporting results from implementation.

What does the Program of Creditor Outreach cover?

It sets strategic objectives and describes activities to foster information sharing, advance dialogue among development partners, support creditor coordination at the country level, and enhance debt transparency.

Jul 19, 2026

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