Deputies of donor countries, joined by representatives of borrower countries and observers from other multilateral banks and agencies, met in Washington, D.C. for the third meeting of the Fifteenth Replenishment of IDA resources (IDA15). It was noted that while IDA's Performance-Based Allocation (PBA) system, with its carefully ring-fenced exceptions was working well, the PBA formula has become complex over time. To make the system more effective...
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