1945

International Development Association (IDA)

An affiliate of the International Bank for Reconstruction and Development (World Bank), the International Development Association (IDA) provides concessionary assistance to low-income developing countries in keeping with the Bank’s goals of poverty reduction and economic development. In 1996, IDA assistance continued to be concentrated mainly on countries with an annual per capita gross national product of less than $865 (in 1994 United States dollars); about 70 countries were eligible. In fiscal year 1996 (1 July 1995-30 June 1996), IDA loans to those countries totalled $6,327 million.

Related Subject(s): United Nations
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