Overview
The World Bank’s International Development Association (IDA) is one of the world’s most impactful multilateral funds, delivering low-cost and grant financing along with global expertise to the world’s low-income countries. IDA has been a committed partner in the East Asia and Pacific (EAP) region for over six decades. Its support has helped countries achieve strong and stable growth that has lifted hundreds of millions of people out of poverty and transformed economies across the region.
- Seven East Asian countries have since graduated from IDA support and five of them are now IDA donors—giving back to support those still in need: China, Indonesia, the Republic of Korea, the Philippines, and Thailand.
- Currently, there are 14 IDA-recipient countries in the EAP region, from Tuvalu (12,000 people) to Myanmar (55 million people). Despite progress in reducing poverty, these countries continue to face challenges in addressing poverty, inequality, and social vulnerability, compounded by infrastructure deficits, human capital issues, and governance problems amid rapid urbanization and escalating climate change risks.
EAP’s Most Recent IDA Graduates
- Viet Nam: IDA’s support to Viet Nam since 1994 helped the Government of Viet Nam’s lift 40 million people out of poverty by financing investments and providing policy advice. The country’s human capital index is now the highest among lower middle-income countries and life expectancy rose from 70.5 in 1990 to 75.5 in 2020. By 2019, almost 100% of the population used electricity as the main source of lighting, up from just 14.0 percent in 1993. GDP per capita increased from $97 in 1990 to $4,346 in 2023. Viet Nam graduated in FY17.
- Mongolia: Graduated in FY20. IDA supported Mongolia in key sectors such as agriculture, energy, and transport at a time of significant economic hardship and political transition in the early 90’s. Over 100,000 rural and herder families benefitted from electricity access and all 360 soums (regions) in Mongolia gained access to modern phone and internet services. IDA helped herders with the world’s first index-based livestock insurance system. It supported the overhaul of the statistical system to match international standards and inform decision-making. It empowered citizens to make their voices heard on public expenditure allocations at local levels. Mongolia’s economy has expanded significantly, with GDP per capita rising more than fourfold from $1,072 in 1991 to $4,339 in 2019 and $5,796.48 in 2023.