Chapter 6 World Bank Cofinancing and Recent Developments with Respect to the Heavily Indebted Countries


This paper examines the experience of the International Bank for Reconstruction and Development (IBRD)—more commonly known as the World Bank—and the International Development Association (IDA) (hereinafter collectively referred to as “the Bank”) in cofinancing development projects and programs with various external financial sources in the Bank’s developing member countries (DMCs). It also discusses recent events in the heavily indebted countries (HICs) and how the Bank is working to facilitate the flow of new development financing to these countries.