ROADMAP FOR THE ADVANCED IDA20 REPLENISHMENT
1.      The proposed process for Advanced IDA20 replenishment is to start with a launch meeting
on April 14-15, 2021 and end with a pledging session in December 13-14, 2021. In between, two
meetings are planned, tentatively set for June 23-24 and another for October 20-21. (In the event
of a virtual meeting, an additional day may need to be added.) The IDA20 Board of Governors
(BoG) resolution is expected to be approved by March/April 2022, following the traditional
timeline for IDA replenishments. The IDA20 commitment period will start on July 1, 2022. IDA20
effectiveness, by which 60 percent of donors’ Instrument of Commitment (IoC) are received, will
be targeted to be reached in March 2023. The tentative schedule and the roadmap for discussing
and reaching an agreement on the IDA20 policy and financing package is outlined in Figure 1.


                                   Figure 1: Timeline for Advanced IDA20

                                                                               October           December
  February 2021       April 5-11        April 14-15         June 23-24                                             July 2022
                                                                                20-21              13-14

 Decision to  Spring                IDA20 Launch          June Meeting     October           December         IDA 20
 advance with Meetings                                                     Meeting           Meeting          Implementation
 IDA20                              i. Discuss IDA20      Discuss IDA20                                       Starts
                  Development       process Strategic     policy package   Finalize IDA20  i. Clear revised
                  Committee (DC)    Directions, Special   and financing    policy              Deputies
                  Communique        Themes and Cross      framework        framework and       Report
                                    Cutting Issues                         endorsement of      including
                                                                           IDA20 financing     RMS;
                                    ii. Discuss                            framework       ii. Pledging
                                    revisions to FY22
                                    IDA19 financing
                                    envelope and
                                    adjustments to
                                    Policy
                                    Commitments
                                    (PCs) and Results
                                    Measurement
                                    System (RMS)


                                     IDA19 Mid-Term Review to be conducted over a number of meetings ahead
                                     of the relevant decisions of IDA20.




2.      A number of papers will be prepared for discussion at the April meeting. To adequately
inform the IDA20 launch, the review of IDA19 implementation will present the demand for IDA
financing in FY22 and propose the adjustments required for IDA19 financing (volumes and terms,
and reallocations due to advancing of IDA20) as well as the resulting carryover of IDA19 financing
to IDA20. To maintain continuity of the Performance and Policy Actions (PPA) implementation
across IDA cycles, an adjustment to set aside mechanism under the Sustainable Development
Finance Policy (SDFP) will be proposed for consideration. Following up on previous discussions
on balance sheet optimization options, a paper on Balance Sheet Optimization will also be prepared
to discuss how balance sheet optimization measures can potentially be integrated into the IDA20
financing framework. Finally, a paper will present how IDA is uniquely positioned to support IDA
clients to get back on track, by accelerating recovery and building back better and greener,
including a proposal for the IDA20 over-arching theme, special themes and cross-cutting issues.

3.      The IDA19 Mid-term Review (MTR) papers will be discussed over several meetings
between the Spring and Fall to inform the IDA20 replenishment discussions The MTR
commitments include, inter alia, the second-stage analysis on solutions that would benefit IDA
countries in accessing local currency financing while preserving IDA’s long-term financial
sustainability, IDA capital adequacy framework review, a review of the structural gap in the
reported Partner burden shares, including drivers of the increase in recent replenishments and
options to address the issue, and a review of the first year implementation of SDFP.