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Sustainable development requires sustainable financing. That is why the World Bank’s International Development Association (IDA) is working proactively and systematically with countries to help address debt risks, incentivize sustainable debt and promote creditor coordination—through its Sustainable Development Finance Policy (SDFP).
This World Bank clip looks at the importance of debt, particularly sustainable debt, in promoting development. Debt can play an important role in generating the funds for investment but it needs to be carefully managed, and the role of the World Bank’s International Development Association (IDA) is to co-ordinate this, and ensure fiscal sustainability in doing so, although there are concerns that in some countries debt has grown at an unsustainable rate.