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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

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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

Increase the leveraging of the World Bank's International Development Association, which provides concessional finance; fully fund its emergency support facility to $6 billion by end-2023; and scale up the IDA's funding to $279 billion.

From Reuters Jun. 20, 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

—That we contribute our fair share to a major expansion of the International Development Association, and to increase the resources of the Asian Development Bank.

From State of the Union Address by Johnson, Lyndon B. (Lyndon Baines)

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