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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.
The following table shows the subscriptions of the top 20 member countries of the World Bank by voting power in the following World Bank institutions as of December 2014 or March 2015: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the International Development Association (IDA ...
The term "World Bank" generally refers to just the IBRD and IDA, whereas the term "World Bank Group" or "WBG" is used to refer to all five institutions collectively. [17] The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries.
The World Bank's IDA fund, which provides mainly grants and very low interest loans to the poorest countries, is replenished every three years, and a pledging conference is scheduled for Dec. 5-6 ...
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 ...
WASHINGTON (Reuters) -The World Bank Group said on Thursday its executive board endorsed a new approach to aiding Afghanistan that will deploy some $300 million from the bank's International ...
Their mission is to "fight poverty and improve living standards for people in the developing world." [4] By 2018, the World Bank Group was "one of the world's largest sources of funding and knowledge for developing countries." [4] Of the five institutions, the IBRD and the IDA are the World Bank's two largest units. [5]
The World Bank Group said on Monday that Denmark has pledged to contribute about $491.7 million to the bank's latest replenishment of its fund for the poorest countries, a 40% increase over the ...