International Development Association

noun

1. an organization set up in 1960 to provide low-interest loans to developing countries. It is part of the World Bank Group IDA

Example Sentences

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

The UK has halved its funding to the World Bank's International Development Association fund to £500m a year.

From BBC

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

And it plans to expand very low or zero-interest lending, including through a new $6 billion crisis facility set up for the poorest countries through the International Development Association.

From Reuters

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