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international development association

 

Definitions from WordNet

Noun international development association has 1 sense
  1. International Development Association, IDA - an agency of the United Nations affiliated with the World Bank
    --1 is a kind of United Nations agency, UN agency

Definitions from the Web

International Development Association

Definition

The International Development Association (IDA) is an international financial institution that provides low to zero-interest loans and grants to the world's poorest countries for the purpose of reducing poverty and promoting sustainable development.

Senses

Sense 1: International Financial Institution

The International Development Association is recognized as an international financial institution with 173 member countries.

Sense 2: Poverty Reduction

The primary objective of the International Development Association is to reduce poverty levels in the world's poorest nations.

Sense 3: Sustainable Development

The International Development Association supports projects and initiatives that promote sustainable development practices in developing countries.

Sense 4: Low-Interest Loans

The IDA provides low-interest loans to eligible countries, helping them to fund their development projects and initiatives.

Sense 5: Grants

In addition to loans, the International Development Association also offers grants to countries facing significant economic challenges and limited capacity to repay.

Examples

  1. The International Development Association approved a $500 million loan to improve education infrastructure in Country X.
  2. Country Y is eligible to receive grants from the International Development Association to enhance its healthcare system.
  3. The International Development Association's annual report highlights the progress made in poverty reduction efforts.
  4. Professor Johnson conducted extensive research on the impact of International Development Association loans on economic growth.

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