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International Development Association |
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International Development Association (IDA) Association established to stimulate country development; it was especially suited for less prosperous nations, since it provided loans at low interest rates. International Development Association A division of the World Bank that provides long-term, interest-free loans to the world's 80 poorest countries. The IDA is responsible for poverty reduction and other aspects of international development in the Third World. Nearly half of the countries it assists are in Africa. The IDA was established in 1960; its loans assist in public health, business development, education, and infrastructure development. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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