A multi-government owned organization of the World Bank group to which industrialised countries assign funds to be lent to developing countries on more liberal terms than ordinary development loans. The IDA provides soft loans, i.e. loans which bear no interest and with long repayment periods. Français: Association Internationale de Développement Español: Asociación Internacional de Fomento
One of the five institutions that comprise the World Bank Group, IDA provides interest free loans and other services to the poorest countries.
( IDA) The IDA offers assistance to the poorest countries, providing them with interest free loans, technical assistance and policy advice. The IDA is funded by wealthier nations and accounts for around 25 percent of all World Bank lending. IDA lends only to those countries that have a per capita income of less than $885 (1999 figures) and lack the financial ability to borrow from World Bank. At present, 78 countries are eligible to borrow from IDA.
an agency of the United Nations affiliated with the World Bank
An institution within the World Bank Group, established in 1960 to provide low-interest loans at long repayment periods for the world’s poorest countries.
Part of the World Bank Group, IDA offers assistance to the poorest countries who cannot borrow from the IBRD (currently those with a per capita income of less than $875), providing them with interest free loans, technical assistance and policy advice.
Established in 1960 and funded by the richer countries, the IDA offers assistance to the poorest countries that lack the financial ability to borrow from the World Bank. IDA initiatives typically take the form of interest free loans, technical assistance and policy advice. The IDA is part of the World Bank Group and its assistance accounts for approximately 25 per cent of World Bank lending.
(IDA)-Provides no interest loans to the world's poorest countries from the World Bank.
The International Development Association (IDA) created on September 24, 1960, is the part of the World Bank that helps the world’s poorest countries. It complements the World Bank's other lending arm—the International Bank for Reconstruction and Development (IBRD)—which serves middle-income countries with capital investment and advisory services.