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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 World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start ...
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...
Between 2004 and 2013, the World Bank committed to lend or give at least $338 billion, according to bank data. Its private-lending affiliate, the International Finance Corporation, committed to invest at least $116 billion during the same period in corporations and other banks in pursuit of the overall goal of alleviating poverty.
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 ...
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]
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 ...
The two observer states at the UN, the Vatican City and State of Palestine, are also not members of the World Bank. Kosovo is not a member of the UN, but is a member of the International Monetary Fund [ 1 ] and the World Bank Group , [ 2 ] both specialized agencies in the United Nations System .