International Bank for Reconstruction and Development Capital Increase
Description
To support the achievement of the Global Goals for Sustainable Development though contributing to the $7.5bn capital increase of the World Bank Group’s International Bank for Reconstruction and Development. FCDO's intervention combines financial support and continued policy engagement to help in ensuring that the IBRD delivers on our shared objectives, including increasing development finance and leveraging expertise for sustainable economic development in middle income countries, and increasing ambition to Global Public Goods, such as climate finance. Pending formal adoption of this package by Governors and agreement by the UK Parliament, the UK is expected to contribute around £219million to IBRD, which is subject to exchange rate fluctuations.
Location
The country, countries or regions that benefit from this Programme.
Status Implementation
The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.
Programme Spend
Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.
Participating Organisation(s)
Help with participating organisations
Accountable:Organisation responsible for oversight of the activity
Extending: Organisation that manages the budget on behalf of the funding organisation.
Funding: Organisation which provides funds.
Implementing: Organisations implementing the activity.
- Accountable
- Funding
- Implementing
Sectors
Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.
Budget
A comparison across financial years of forecast budget and spend to date on the Programme.
Policy Marker(s)
ODA measures in relation to their realisation of OECD development policy objectives