At the negotiations of the International Development Association (IDA), which is part of the World Bank Group, Estonia announced in Seoul last week that it would allocate €5.4 million between 2026 and 2028 to support least developed countries.
“Through IDA, we can help create a decent living and economic environment in developing countries on the ground, thereby supporting the development of a safer external environment for Estonia both in terms of the economy and security policy,” Foreign Minister Margus Tsahkna said. “Our contribution reflects our long-term commitment to reducing global poverty and international cooperation, and it is a specific step to reduce the global damage of Russia’s war of aggression.”
IDA’s 21st replenishment helps 78 countries implement critical reforms and projects to advance education, healthcare, infrastructure, digitalisation, gender equality, and economic growth.
Since 1960, IDA has contributed $533 billion to support the sustainable development of least developed countries in 115 countries. Every year, nearly $30 billion is allocated to partners as long-term loans and aid, with nearly 70% going to Africa. IDA is financed every three years by voluntary replenishments; Estonia participates in the replenishment for the seventh time.
Estonia’s decision to support least developed countries contributes to Estonia’s official development cooperation objectives and it is in line with the Development Cooperation and Humanitarian Aid Action Plan for the 2024-2030 period, and with the State Budget Strategy.
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