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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

"Last year, a report by the Independent Commission for Aid Impact found that - despite us contributing £10 billion to the International Development Association in the past decade - our influence goes far beyond funding."

From BBC ● Oct. 11, 2023

Banga told a Council on Foreign Relations event that the contributions would come outside the bank's normal shareholding structure and regular country contributions to the International Development Association fund for the poorest countries.

From Reuters ● Sep. 26, 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 Lyndon B. (Lyndon Baines) Johnson

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