Spain became a member of the International Bank for Reconstruction and Development — the World Bank — in 1958 and was a borrower until 1977. Spain is also a member of the International Development Association (IDA), the Multilateral Investment Guarantee Agency (MIGA), the International Finance Corporation (IFC), and the International Centre for Settlement of Investment Disputes (ICSID).
This report, produced in close partnership with the United Nations High Commissioner for Refugees (UNHCR), attempts to sort fact from fiction to better understand the scope of the challenge and encourage new thinking from a socioeconomic perspective.
IDA18 presents a bold paradigm shift in how it mobilizes finance to support a significant policy package to help IDA clients achieve their development goals. The Eighteenth Replenishment of IDA (IDA18) is the largest replenishment in IDA’s 56-year history and heralds a significant step change in its policy and financing framework.