International Monetary Fund. External Relations Dept.
. It is expected that, as a result, around 30 percent of total IDAsupport in the coming three years will be on grant terms, compared with 19.5 percent in the previous three-year cycle.
At the same time, donors agreed on measures to help offset the financial impact of grants on IDA’s ability to support poor countries in the future. IDA’s Board of Governors approved the 14th replenishment of IDA’s resources on April 18, 2005. Under IDA14, at least $34 billion will be made available to the world’s 81 poorest countries during the coming three years.
four years covered by this CAS (FY2006-09) supports the sub-region’s development agenda through two main pillars: (1) stimulating growth and improving competitiveness; and (2) reducing vulnerability, by promoting greater social inclusion and strengthening disaster risk management. Recognizing the OECS countries’ high debt ratios, Bank activities will focus on leveraging available donor grant financing. Following the recommendations of the recently completed growth and competitiveness study for the OECS, IBRD and IDAsupport would focus on providing technical and