Washington, D.C. – Bread for the World applauded the historic $93 billion replenishment package of the World Bank’s International Development Association (IDA), the Bank’s fund for the lowest-income countries. This is the largest replenishment of the IDA to date.
The funds will help the world’s lowest-income countries recover from the impacts of the COVID-19 pandemic. About a third of these countries are also facing a looming food crisis. The following statement can be attributed to Rev. Eugene Cho, president and CEO of Bread for the World:
“While Bread for the World supported a $100 billion replenishment of IDA, we are grateful for this $11 billion increase in IDA funds for the next three years. With as many as 584,000 people currently living in famine conditions, and an additional 45 million people at the tipping point, this critical assistance is essential in ending hunger.
“As an organization deeply informed by our faith in Christ, we believe that God calls on us to care for our neighbors in their times of need, whether they are in the next house, the next country, or the next continent. We are hopeful the administration and Congress will continue to support strategic investments and interventions addressing global hunger and malnutrition – including passing the Global Malnutrition Prevention and Treatment Act.”