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International Development Association

British  

noun

  1.  IDA.  an organization set up in 1960 to provide low-interest loans to developing countries. It is part of the World Bank Group

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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The White House also announced $250 million in grants for the International Development Association, part of the World Bank, to assist poor countries facing crises.

From Seattle Times • May 23, 2024

The UK has halved its funding to the World Bank's International Development Association fund to £500m a year.

From BBC • Oct. 11, 2023

And it plans to expand very low or zero-interest lending, including through a new $6 billion crisis facility set up for the poorest countries through the International Development Association.

From Reuters • Jul. 18, 2023

The World Bank has committed roughly $5.3 billion for reconstruction and development projects in Afghanistan since 2002 through its International Development Association, according to its website.

From Washington Times • Aug. 25, 2021

The government also   implemented a Five-Year Plan covering 1986-90 to restructure the   economy and reschedule external debt service payments in cooperation   with the International Development Association and Western lenders.

From The 1994 CIA World Factbook by United States. Central Intelligence Agency

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