1945

International Development Association (IDA)

The International Development Association (IDA), an affiliate of the International Bank for Reconstruction and Development (World Bank), provided concessionary assistance to low-income developing countries to reduce poverty and improve the quality of life. In 1997, IDA assistance continued mainly to those with an annual per capita gross national product of $785 or less (in 1996 United States dollars), for which 70 countries were eligible. IDA loans to those countries totalled $4.4 billion.

Related Subject(s): United Nations
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