During the Izanagi boom, for example, the economy achieved annual growth of more than 10 percent on average amid a steadily increasing population and under the slogan "catch up with and overtake" the U.S. and European economies. Growth expectations at that time differed substantially from those today.
The compression factor acknowledges the cooperative 1  foundation of the IBRD and ensures an equitable representation of all shareholders for the years to come. 3. The contribution of IDA to development  Over the last decades IDA has provided a fundamental contribution to the long-term agenda of poverty alleviation.