ida

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ida

The IDA provides financial assistance to developing countries for infrastructure projects.

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.
ida

The IDA provides financial assistance to developing countries for infrastructure projects.

Noun
  1. an agency of the United Nations affiliated with the World Bank