IDA

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Definition

Proper noun: 1. International Development Association: An agency of the United Nations system that provides concessional loans and grants to the world's poorest developing countries. It is affiliated with the World Bank Group.

Usage
  • Proper noun:
    • The project was funded by a grant from IDA.
    • IDA provides assistance to countries that are not eligible for loans from the International Bank for Reconstruction and Development (IBRD).
Advanced Usage
  • "IDA credits": Refers to the long-term, interest-free loans provided by the International Development Association.
    • The country received IDA credits to improve its public health infrastructure.
  • "IDA-eligible country": A nation that meets the criteria to receive support from the International Development Association.
    • Several IDA-eligible countries are in Sub-Saharan Africa.
Variants and Related Words
  • World Bank: The parent organization of five institutions, including the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD).
  • IBRD: International Bank for Reconstruction and Development, another member of the World Bank Group that provides loans to middle-income and creditworthy low-income countries.
Synonyms
  • International Development Association (full name)
Notes
  • IDA is almost always used as an initialism (an abbreviation pronounced as individual letters: I-D-A). It is not typically used as a standalone word like "idea."
  • The context will almost always be international finance, development economics, or global aid.
Noun
  1. an agency of the United Nations affiliated with the World Bank

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