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The International Development Association (IDA) (French: Association internationale de développement) is a development finance institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
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The loans given were given through the child organization of the World Bank; the International Bank for Reconstruction and Development (IBRD). The IBRD is "a global development cooperative owned by 189 member countries" that was developed after the end of World War II to rebuild Europe and now helps reduce poverty in needing countries. [3]
The Bank and IDA operate with a staff of approximately 10,000 employees. [8] On 9 April 2019, United States President Donald Trump nominated David Malpass as the World Bank Group's president. [5] [9] Malpass had served as one of President Trump's economic advisers and as a senior official in the United States Treasury Department. [5]
The activities of the World Bank (the IBRD and IDA) focus on developing countries, in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation and rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban ...
World Bank President Ajay Banga said earlier in October that a $120 billion replenishment was possible, but would require substantial increases in individual countries' commitments. The last IDA ...
This is a list of articles holding galleries of maps of present-day countries and dependencies. The list includes all countries listed in the List of countries, the French overseas departments, the Spanish and Portuguese overseas regions and inhabited overseas dependencies. See List of extinct countries, empires, etc. and Former countries in ...
Every three years, countries are asked to fund grants and low-interest loans to poor economies. Bridgewater and Global Citizen CEOs support World Bank’s campaign to replenish IDA coffers Skip to ...