International Development Association (IDA)
Association internationale de développement (AID)
Asociación Internacional de Fomento (AIF)
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1960-09-24 Washington DC USA
24 Sep 1960, Washington DC (USA), being affiliated to the F-XF1393 - International Bank for Reconstruction and Development (IBRD) and together with the IBRD comprising World Bank -- Banque mondiale -- Banco Mundial - although this title is sometimes used to refer to the IBRD alone. Commenced operations Nov 1960. Together with IBRD and its other affiliates, F-XF2057 - International Finance Corporation (IFC) and F-XF1090 - Multilateral Investment Guarantee Agency (MIGA), comprises F-XF6841 - The World Bank Group; through the Group is a specialized agency of A-XA3375 - United Nations (UN), within F-XF1000 - United Nations System and linked to E-XE3377 - ECOSOC. World Bank organizations are part of what are often referred to as E-XE4376 - Bretton Woods Institutions (BWIs).
Reduce poverty in the poorest countries and promote sustainable economic development, labour-intensive growth and environmental sustainability by providing finance on terms more flexible and bearing less heavily on the balance of payments of recipient countries than those of conventional loans, thereby supplementing the World Bank's activities.
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Although a separate legal entity with its own financial resources, IDA has the same Board of Governors and the same Executive Directors representing countries that are members of both IBRD and IDA. The President of the Bank is ex-officio President of IDA and the officers and staff of the Bank also serve IDA.
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UN Sustainable Development Goals **
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** UN SDGs are linked to the subject classification.
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