🌐 International Development Association (IDA)

🏛️ Establishment:

Created in 1960 as part of the World Bank Group. IDA is known as the “soft loan window” of the World Bank.

🎯 Purpose:

IDA focuses on providing low-interest or interest-free loans and grants to the poorest countries that have limited access to financial markets.

🛠️ Functions:

• ✅ Supports projects that promote economic development and poverty reduction.

• ✅ Funds sectors like education, healthcare, infrastructure, and agriculture.

🌍 Membership:

Part of the World Bank Group; countries contribute funds to IDA replenishment.

📈 Importance:

Plays a critical role in helping the world’s poorest countries improve living standards and achieve sustainable development.