IDA Country Allocations for FY15

Size: px

Start display at page:

Download "IDA Country Allocations for FY15"

Buddy Marshall
5 years ago
Views:

1 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized IDA Allocations for FY15 1. The IDA17 replenishment arrangements provide that IDA country allocations be made available for information to IDA s Executive Directors and disclosed on IDA s external website at the end of each fiscal year of the IDA17 implementation period. 1, 2 This note responds to these disclosure commitments by providing: (i) FY15 IDA country allocations (Table 1); and (ii) key input data on which the FY15 allocations were based (Table 2). In addition, the note also provides the FY15 allocations under the IDA s Crisis Response Window (CRW) (Table 3). 2. FY15 Allocations. Table 1 shows: (i) the country allocations for FY15, as determined through the Based Allocation (PBA) system; 3,4 and (ii) funds set aside for regional projects in FY15, with a break-down into the Africa and non-africa regional projects. In FY15, a total of SDR10,403 million was allocated to 77 countries. 5 This included SDR1,195 million on grant terms, SDR8,346 million in regular or blend terms, SDR127 million on hard terms, and SDR720 million in set aside funds for regional projects. 6,7 The largest share of FY15 resources was allocated to Africa (SDR5,908 million), followed by South Asia (SDR2,215 million), East Asia and Pacific (SDR1,497 million), Europe and Central Asia (SDR307 million), Latin America and the Caribbean (SDR190 million), and Middle East and North Africa (SDR107 million) Key Input Data for FY15 Allocations. Table 2 presents the key data underpinning the FY15 country allocations. Column A.4 shows country performance ratings (CPRs) with columns A.1-A.3 showing the indicators based on which the CPRs were calculated. Column A.1 shows the average rating for the Policy and Institutional Assessment () clusters A through C ( Economic Management, Structural Policies, and Policies for Social Inclusion, respectively); column A.2 shows the rating for the cluster D ( Public Sector Management and Institutions ); and column A.3 shows the portfolio performance rating. Columns B and C show the country population and GNI per capita, respectively. 4. FY15 CRW Allocations. Table 3 provides the FY15 country allocations funded through CRW. As shown in the table, the CRW resources of SDR591 million were made available to eight countries for financial commitments in FY15. Public Disclosure Authorized 1 The IDA17 implementation period covers the three fiscal years (FY15-FY17). 2 Additions to IDA Resources: Seventeenth Replenishment. IDA17: Maximizing Development Impact. (IDA17 Deputies Report). March 25, 2014 (page 92). 3 For details on the PBA system, see Annex 2 of IDA17 Deputies Report, Op.Cit. 4 The transitional support to India and the set-aside resources for potential arrears clearance during IDA17 (SDR2.3 billion and SDR806 million, respectively) are not included in this table. 5 Of 77 IDA-eligible countries in FY15, three inactive IDA countries with credits in protracted non-accrual status (Somalia, Sudan, and Zimbabwe) were not allocated IDA resources. 6 The break-down of funding for regional projects into grants and credits is determined at the time of their preparation based on the grant eligibility of the IDA countries participating in the project, and on whether there are any regional institutions that receive IDA financing on grant terms through these projects. 7 In addition, the allocation of SDR15.0 million for Eritrea was not broken down into grants and credits because the terms applicable to its allocation will be determined only at the time of its re-engagement with IDA. 8 The Africa allocation of SDR5,908 million included SDR540 million in funding for regional projects. The regional breakdown of the remaining funds set-aside for regional projects (SDR180 million) is not determined ex-ante.

2 - 2 - Table 1. IDA Allocations in FY15 (SDR million) FY15 Allocations a/ Grants Credits b/ Hard-term credits c/ Total Africa Africa Regional Projects d/ Benin Burkina Faso Burundi Cameroon Cape Verde Central African Republic Chad Comoros Congo, Democratic Republic Congo, Republic Cote d'ivoire Eritrea e/ Ethiopia Gambia, The Ghana Guinea Guinea-Bissau Kenya Lesotho Liberia Madagascar Malawi Mali Mauritania Mozambique Niger Nigeria Rwanda Sao Tome and Principe Senegal Sierra Leone Somalia f/ Sudan f/ South Sudan Tanzania Togo Uganda Zambia Zimbabwe f/ Subtotal , ,907.5

3 - 3 - FY15 Allocations a/ Grants Credits b/ Hard-term credits c/ Total East Asia and the Pacific Cambodia Kiribati Lao People's Democratic Republic Marshall Islands Micronesia, Federal States Mongolia Myanmar Papua New Guinea Samoa Solomon Islands Timor-Leste Tuvalu Tonga Vanuatu Vietnam Subtotal , ,496.8 Europe and Central Asia Kosovo Kyrgyz Republic Moldova Tajikistan Uzbekistan Subtotal Latin America and the Caribbean Bolivia Dominica Grenada Guyana Haiti Honduras Nicaragua St. Lucia St. Vincent and the Grenadines Subtotal Middle East and North Africa Djibouti Yemen, Republic Subtotal

4 - 4 - FY15 Allocations a/ Grants Credits b/ Hard-term credits c/ Total South Asia Afghanistan Bangladesh Bhutan Maldives Nepal Pakistan Sri Lanka Subtotal , ,215.2 Total 1, , ,222.6 Non-Africa Regional Projects d/ g/ Grand total 1, , ,402.7 Notes: a/ The sum of credits and grants does not correspond to the total because of the following two reasons. First, an exact country breakdown for regional projects is not available at the time the allocations are determined. The funds that are set aside for regional projects are distributed between credits and grants as regional projects are prepared and agreed with the IDA Resource Mobilization Department (DFIRM). Second, the financing terms for Eritrea will be determined only at the time of its re-engagement with IDA. See footnote e/ for more details. b/ The terms of these credits vary by country (either regular IDA terms or blend IDA terms), based on each country's IDA classification in FY15 (see OP3.10 Annex D as of July 2014). c/ Hard-term credits were made available to all credit-worthy IBRD/IDA blend countries, except for the small island blend countries (Cape Verde, Dominica, Grenada, St. Lucia, and St. Vincent and Grenadines). The small island blend countries received IDA credits under the IDA-only regular terms as agreed in IDA17 replenishment. For more details on the credit terms in FY15, please refer to OP3.10 Annex D as of July d/ The breakdown of funds set aside for regional projects into credits and grants is not available at the time when the allocations are determined. See footnote a/ for more details. e/ Eritrea was classified as a country with credits in non-accrual status effective March 15, The applicable financing terms of its allocation will be determined at the time of its re-engagement with IDA. f/ Inactive IDA countries with credits in protracted non-accrual status. g/ These funds are allocated across non-africa regions as regional projects are prepared and agreed with DFIRM.

5 - 5 - Table 2. Key Input Data for FY15 Allocations Average of Clusters A, B & C Cluster D Portfolio Rating Rating (CPR) a/ Population (million) b/ GNI per Capita (US$) b/ A A.1 A.2 A.3 A.4 B C Africa Benin Burkina Faso Burundi Cameroon ,270 Cape Verde ,630 Central African Republic Chad ,020 Comoros Congo, Democratic Republic Congo, Republic ,660 Cote d'ivoire ,380 Eritrea c/ Ethiopia Gambia, The Ghana ,760 Guinea Guinea-Bissau Kenya Lesotho ,550 Liberia Madagascar Malawi Mali Mauritania ,060 Mozambique Niger Nigeria ,760 Rwanda Sao Tome and Principe ,470 Senegal ,070 Sierra Leone Somalia d/ na na na na Sudan d/ ,130 South Sudan ,120 Tanzania Togo Uganda Zambia ,480 Zimbabwe d/

6 Average of Clusters A, B & C Cluster D Portfolio Rating Rating (CPR) a/ Population (million) b/ GNI per Capita (US$) b/ A A.1 A.2 A.3 A.4 B C East Asia and the Pacific Cambodia Kiribati ,620 Lao People's Democratic Republic ,460 Marshall Islands ,200 Micronesia, Federated States ,440 Mongolia ,530 Myanmar Papua New Guinea ,010 Samoa ,430 Solomon Islands ,610 Timor-Leste ,580 Tonga ,490 Tuvalu ,510 Vanuatu ,120 Vietnam ,730 Europe and Central Asia Kosovo ,890 Kyrgyz Republic ,200 Moldova ,440 Tajikistan Uzbekistan ,900 Latin America and the Caribbean Bolivia ,550 Dominica ,760 Grenada ,460 Guyana ,750 Haiti Honduras ,200 Nicaragua ,780 St. Lucia ,090 St. Vincent and the Grenadines ,580 Middle East and North Africa Djibouti ,280 Yemen, Republic ,330

7 Average of Clusters A, B & C Cluster D Portfolio Rating Rating (CPR) a/ Population (million) b/ GNI per Capita (US$) b/ A A.1 A.2 A.3 A.4 B C South Asia Afghanistan Bangladesh Bhutan ,430 Maldives ,610 Nepal Pakistan ,380 Sri Lanka ,170 Notes: a/ For details on the CPR formula, see "Additions to IDA Resources: Seventeenth Replenishment. IDA17: Maximizing Development Impact, Annex 2. b/ The source for the population and GNI per capita data is the Development Economics Data Group (DECDG). Data for 2013 were DECDG estimates as of June 2014, when the IDA country allocations for FY15 had been determined. When the data for 2013 were not available, the latest available estimates had been used instead. Data queries on population and GNI per capita should be addressed to DECDG. c/ Eritrea was classified as a country with credits in non-accrual status effective March 15, d/ Inactive IDA countries with credits in protracted non-accrual status.

8 - 8 - Table 3. FY15 IDA Allocations under the Crisis Response Window (SDR million) Region/ CRW Allocations Malawi a/ 53.1 Nepal b/ Solomon Islands c/ 6.6 Tuvalu d/ 2.1 Vanuatu d/ 35.3 West Africa Region (Guinea, Liberia, and Sierra Leone) e/ Total Notes: a/ CRW resources were allocated to Malawi in the aftermath of the January 2015 flooding. See "IDA Crisis Response Window (CRW) - Support for Malawi Floods Emergency Recovery Project," April 7, b/ CRW resources were allocated to Nepal in support of the Government's recovery and reconstruction efforts in the aftermath of the earthquake on April 25, See "IDA Crisis Response Window (CRW) Support for Nepal Emergency Recovery," June 16, c/ CRW resources were allocated to Solomon Islands in support of the country's reconstruction efforts in the aftermath of tropical depression-induced heavy rains, which hit the Solomon Islands in April See "IDA Crisis Response Window: Support for Tropical Depression-Induced Heavy Rains Recovery in Solomon Islands," July 16, d/ CRW resources were allocated to Tuvalu and Vanuatu in support of the two Governments' recovery and reconstruction efforts in the aftermath of the tropical cyclone Pam. See "IDA Crisis Response Window (CRW) Support for the Cyclone Pam Emergency Recovery Program for Vanuatu and Tuvalu," May 18, e/ CRW resources of SDR100 million were allocated to the West African nations in support of their efforts to respond to the Ebola Outbreak in West Africa. See "IDA Crisis Response Window (CRW) - Support for Emergency Response to the Ebola Outbreak in West Africa," August 19, Additional financing of US$270 million from CRW, bringing the total CRW allocation to US$420 million (equivalent to about SDR283 million), was subsequently allocated to support for Emergency Response to the Ebola Outbreak in West Africa at a briefing on October 28, See Ebola: Update on WBG Response and Request for Additional CRW Resources dated October 27, 2014.

IDA Country Allocations for FY16

IDA Country Allocations for FY16 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized IDA Allocations for FY16 1. The IDA17 replenishment arrangements provide that IDA country allocations be made available