1945

International Development Association (IDA)

The International Development Association (IDA), which was established in 1960 as an affiliate of the International Bank for Reconstruction and Development (World Bank), continued to provide concessionary assistance to low-income countries on terms that bore less heavily on their balance of payments than those of the Bank. During fiscal year 1990 (1 July 1989-30 June 1990), IDA continued to concentrate on the very poor countries-those with an annual per capita gross national product of less than $650 (in 1988 United States dollars). More than 40 countries were eligible under that criterion in fiscal 1990.

Related Subject(s): United Nations
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