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IDA - International Development Association


The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries.

Established in 1960, IDA aims to reduce poverty by providing interest-free credits and grants for programs that boost economic growth, reduce inequalities and improve people’s living conditions.

IDA 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.

IBRD and IDA share the same staff and headquarters and evaluate projects with the same rigorous standards.

IDA is one of the largest sources of assistance for the world’s 79 poorest countries, 39 of which are in Africa. It is the single largest source of donor funds for basic social services in the poorest countries. 

India is First Largest borrower of IDA in 2010.

IDA lends money (known as credits) on concessional terms. This means that IDA credits have no interest charge and repayments are stretched over 35 to 40 years, including a 10-year grace period. IDA also provides grants to countries at risk of debt distress.

Since its inception, IDA credits and grants have totaled US$222 billion, averaging US$13 billion a year in recent years and directing the largest share, about 50 percent, to Africa.

IDA funds help these countries deal with the complex challenges they face in striving to meet the Millennium Development Goals. They must, for example, respond to the competitive pressures as well as the opportunities of globalization; arrest the spread of HIV/AIDS; and prevent conflict or deal with its aftermath.

The President of IBRD is the Ex.Officio Chairman of IDA.

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