International Development Association

Established in 1960, the International Development Association (IDA) reduces poverty by providing loans, or "credits," and grants for programs that boost economic growth, improve living conditions, and reduce inequalities. The IDA complements the International Bank for Reconstruction and Development (IBRD), which is the original lending arm of the World Bank. The IDA and IBRD share the same staff and headquarters and evaluate projects using the same standards.

The IDA lends money on concessional terms, which means that IDA loans, or credits, have a zero or very low interest charge and repayments extend from 25 to 38 years. The IDA also provides grants to countries at risk of debt distress. In addition to loans and grants, the IDA provides significant levels of debt relief.

Sources of Information

Articles of Agreement

The IDA's Articles of Agreement became effective in 1960. They are available online in Portable Document Format.

Climate

Climate change threatens poorer people globally, with the potential to force more than 100 million people back into poverty by 2030. The IDA is making plans to help manage this threat of enormous scope and scale.

Countries

Seventy-five countries are eligible to receive IDA resources.

A list of the approximately 50 contributor countries is available on the IDA's website.

Crisis Financing

The IDA has a history of involvement in various aspects of crisis response, including providing financial support.

History

Australia, Canada, China, Germany, India, Italy, Malaysia, Norway, Pakistan, Sudan, Sweden, Thailand, United Kingdom, United States, and Vietnam launched the IDA on September 24, 1960, with an initial funding of 912.7 million dollars.

News / Publications

The IDA posts press releases and other newsworthy items online.

Organizational Chart

The IDA and International Bank for Reconstruction and Development are included on the World Bank's organizational chart, which is available in Portable Document Format (PDF) for viewing and downloading.

Resources / Policy

Every 3 years, donors meet to replenish IDA resources and review its policy framework. The replenishment process typically consists of four formal meetings over the course of 1 year. Four IDA18 replenishment meetings were held in 2016.

Results

The IDA's website features an overview of the results of the IDA's efforts in the world's poorest countries by country, theme, and topic.

Social Media

The IDA has a Facebook account.

The IDA posts videos on its YouTube channel.