International Development Association


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International Development Association

n
(Banking & Finance) an organization set up in 1960 to provide low-interest loans to developing countries. It is part of the World Bank Group. Abbreviation: IDA
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Noun1.International Development Association - an agency of the United Nations affiliated with the World Bank
UN agency, United Nations agency - an agency of the United Nations
References in periodicals archive ?
The International Development Association (IDA) accounts for 14%, the Asian Development Fund - 11.8%, and the Islamic Development Bank - 5.8%, according to a World Bank report.
The World Bank has approved a $25 million grant from the International Development Association (IDA) to finance the Agriculture Recovery and Agribusiness Development Support Project (ARADSP) in the Central African Republic.
The International Development Association (IDA) of the World bank has provided financial assistance of USD 125 Million to implement a climate resilient agricultural projects covering eleven dry zone districts in the country benefitting over 62,000 families.
In April at the meeting of the International Development Association (IDA) the amount that Azerbaijan will allocate as a donor country to assist poor nations will be announced, the World Bank's (WB) Regional Director for the South Caucasus Mercy Tembon, said in an exclusive interview with Trend.
The International Development Association will extend financing of US $ 100.0 million for the project and Government of Sindh will contribute US $ 5.0 million.
China remained the largest lender to Pakistan and during July it obtained $70 billion of financing from foreign commercial banks, Asian Development Bank $27.4 million, International Development Association $23.14 million, Saudi Arabia $16.5 million.
This includes an International Development Association (IDA) backed lending of about $1.1bn per year, besides additional regional IDA allocations, particularly in trade and energy and International Bank for Reconstruction and Development lending of about $500 million every year.
The projects approved by the International Development Association, the bank's low-interest arm, are expected to support Nigeria's economic growth plan.
WASHINGTON: The World Bank today approved a $180 million International Development Association (IDA)* Guarantee to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen) and build energy security for all Kenyans.
Finance for the tender, which closes on May 17, is being provided by the World Bank's International Development Association (IDA) and other aid agencies, the traders said.
Consisting of both International Development Association (IDA) loan and MDTF Grant, National Immunization Support Project is around US$ 90 million.
The Cabinet of ministers authorised Finance Minister Vilius Sapoka to sign a commitment document stipulating that Lithuania would mark 3 million euros to the World Bank's International Development Association. Lithuania's contribution in the new phase of the association's resource addition process will be made in three payments in the 2018-2020 period.

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