International Development Association
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Related to International Development Association: Multilateral Investment Guarantee Agency, International Centre for Settlement of Investment Disputes
International Development Association (IDA)
Association established as part of the World Bank to stimulate country development; it was especially suited for the world's 80 poorest countries, providing loans with no or low interest rates.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
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International Development Association
see WORLD BANK.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005