Sri Mulyani Appointed by World Bank to Lead Fundraising for Poor Nations
The World Bank has appointed former Indonesian Finance Minister Sri Mulyani Indrawati as the Independent Co-Chair for the 22nd replenishment of the International Development Association (IDA). In this role, Sri Mulyani is tasked with strengthening policy and funding support in both donor and borrowing countries.
According to an official World Bank statement, Sri Mulyani will lead the IDA22 replenishment process together with World Bank Managing Director Paschal Donohoe. She was selected from a shortlist of candidates by a search committee comprising representatives from donor and borrowing country groups.
IDA replenishment meetings are generally held every three years. The meetings aim to raise new funding for IDA, the World Bank Group’s funding institution for the poorest countries, and provide an opportunity for partners to review IDA policies. IDA is one of the largest sources of funding to combat extreme poverty in low-income countries worldwide. It provides zero-interest or low-interest loans and grants to countries to finance projects and programmes that drive economic growth, strengthen resilience, and improve the living standards of the poor across the globe. Since 1960, IDA has channelled more than USD 632 billion for investments in 115 countries.
The IDA22 replenishment cycle will be officially launched at the Mid-Term Review Meeting in Tashkent, Uzbekistan, in December 2026. The final meeting for pledging commitments is expected to take place in December 2027. IDA22 will determine the amount of concessional financing available for 78 countries until 2031. Since IDA18, the replenishment meetings have been led by two co-chairs, consisting of a prominent independent figure with substantial knowledge of multilateral development banks and a high-level World Bank representative appointed by the institution’s president. The World Bank added that Sri Mulyani is one of the world’s most experienced figures in international development finance.