International Development Association


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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.

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.

International Development Association

see WORLD BANK.
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References in periodicals archive ?
The Finance Ministry will inform the International Development Association about implementation of internal procedures necessary for the given agreement to enter into force.
The International Development Association (IDA) is the part of the World Bank that helps the world's poorest countries.
Currently Bangladesh is the largest recipient of funds from the International Development Association (IDA), the World Bank Groups fund for the poorest countries with 38 projects and a total commitment of more than $9.
The AES Corporation (NYSE:AES) announced today that its subsidiary, AES Tanzania Ltd, has completed the $250 million multilateral credit financing from the International Development Association and the European Investment Bank for the Songo Songo Gas-to-Electricity Project.
Development Partner: International Development Association (IDA) Credit No: 52650-BD
Department of State, World Bank, International Development Association, other international financial institutions participated in the event.
Guyana is seeking US$10 million from the World Bank's International Development Association (IDA) for Water Sector Consolidation.
IFC coordinates its activities with the other institutions in the World Bank Group - the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA) and the Multilateral Investment Guarantee Agency (MIGA) - but is legally and financially independent, with its own Articles of Agreement, shareholders, financial structure, management and staff.
President Almazbek Atambayev has ratified a law "On ratification of the Grant Agreement between the Kyrgyz Republic and the International Development Association, acting as the administrator of a multilateral trust fund on project "Improving agricultural productivity and nutrition," the information policy department of the presidential administration reported.
The Government approved a grant agreement between the Kyrgyz Republic and the International Development Association (IDA) on a project 'Support for community seed funds'.
Honduras has received a loan from the World Bank's International Development Association (IDA) for the Land Administration Program Project (Credito No.
Founded in 1944, the World Bank Group consists of five closely associated institutions: the International Bank for Reconstruction and Development (IBRD); the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID).

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