What does international development association mean?

Definitions for international development association
in·ter·na·tion·al de·vel·op·ment as·so·ci·a·tion

This dictionary definitions page includes all the possible meanings, example usage and translations of the word international development association.

Princeton's WordNet

  1. International Development Association, IDAnoun

    an agency of the United Nations affiliated with the World Bank

ChatGPT

  1. international development association

    The International Development Association (IDA) is a financial institution and a member of the World Bank Group that provides loans and grants to the world's poorest countries. Its primary aim is to reduce poverty by providing funds to boost economic development and improve living conditions in impoverished regions. The IDA lends money on concessional terms, meaning that it offers low to zero interest rates and long repayment periods. Established in 1960, it relies on contributions from rich member countries, known as 'donor countries', to fund its activities.

Wikidata

  1. International Development Association

    The International Development Association is an international financial 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., United States. It was established in 1960 to complement the existing International Bank for Reconstruction and Development by lending to developing countries which suffer from the lowest gross national income, from troubled creditworthiness, or from the lowest per capita income. Together, the International Development Association and International Bank for Reconstruction and Development are collectively known as the World Bank, as they follow the same executive leadership and operate with the same staff. The association shares the World Bank's mission of reducing poverty and aims to provide affordable development financing to countries whose credit risk is so prohibitive that they cannot afford to borrow commercially or from the Bank's other programs. The IDA's stated aim is to assist the poorest nations in growing more quickly, equitably, and sustainably to reduce poverty. The IDA is the single largest provider of funds to economic and human development projects in the world's poorest nations. From 2000 to 2010, it financed projects which recruited and trained 3 million teachers, immunized 310 million children, funded $792 million in loans to 120,000 small and medium enterprises, built or restored of 118,000 kilometers of paved roads, built or restored 1,600 bridges, and expanded access to improved water to 113 million people and improved sanitation facilities to 5.8 million people. The IDA has issued a total $238 billion USD in loans and grants since its launch in 1960. Thirty six of the association's borrowing countries have graduated from their eligibility for its concessional lending. However, eight of these countries have relapsed and have not re-graduated.

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Numerology

  1. Chaldean Numerology

    The numerical value of international development association in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of international development association in Pythagorean Numerology is: 3


Translations for international development association

From our Multilingual Translation Dictionary

  • association internationale de développementFrench
  • Associazione internazionale per lo sviluppoItalian
  • Lorem ipsum ConsociationisLatin
  • 国际发展协会Chinese

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"international development association." Definitions.net. STANDS4 LLC, 2024. Web. 9 Dec. 2024. <https://www.definitions.net/definition/international+development+association>.

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