World Bank urged to reduce equity-to-loan ratio to free up funds for poor countries

World Bank urged to reduce equity-to-loan ratio to free up funds for poor countries

Given big cuts in development aid by Europe and the US, think-tanks and other groups are urging the World Bank to reduce the equity-to-lending ratio of its main lending arm to free billions in additional lending capacity.

The EU must protect development aid

Download the joint statement Caritas Europa joins civil society organisations in calling for a human rights-based and transparent aid system. Statistics for Official Development Assistance (ODA) provided in 2024 were recently released, indicating that total ODA fell by 7.1% in real terms compared to 2023, ending five consecutive years of increases. ODA flows to Africa continued to decrease, and ODA drops to Least Developed Countries were confirm…