International Development Association definitions
| Word backwards | lanoitanretnI tnempoleveD noitaicossA |
|---|---|
| Part of speech | The part of speech of the phrase "International Development Association" is a proper noun. |
| Syllabic division | In-ter-na-tion-al De-vel-op-ment As-so-ci-a-tion |
| Plural | The plural of International Development Association is International Development Associations. |
| Total letters | 35 |
| Vogais (6) | i,e,a,i,o,a |
| Consonants (12) | i,n,t,r,l,d,v,p,m,a,s,c |
The International Development Association (IDA) is a financial institution that offers concessional loans and grants to the world's poorest countries. Established in 1960, the IDA is part of the World Bank Group and aims to reduce poverty in developing countries by providing financial assistance for projects that promote economic development and improve the living conditions of the most vulnerable populations.
Key Objectives
The IDA focuses on supporting projects and programs that help countries achieve sustainable development goals. Its primary objectives include reducing poverty, promoting economic growth, improving access to essential services such as healthcare and education, and building resilience to global challenges such as climate change and pandemics.
Financing Mechanisms
The IDA offers low-interest loans, interest-free credits, and grants to eligible countries to finance development projects. These funds are used to support a wide range of initiatives, including infrastructure development, social services, and capacity-building programs. IDA financing is often provided in combination with technical assistance and policy advice to ensure the successful implementation of projects.
Impact and Reach
Since its inception, the IDA has provided billions of dollars in financial assistance to help improve the lives of people in developing countries. Its projects have had a significant impact on poverty reduction, economic growth, and social development, benefiting millions of individuals and communities around the world. The IDA's reach extends to the most vulnerable regions and populations, ensuring that no one is left behind in the global development agenda.
Partnerships and Collaboration
The IDA collaborates with governments, international organizations, civil society groups, and the private sector to maximize the impact of its projects. By working together with a wide range of partners, the IDA can leverage additional resources, expertise, and knowledge to address complex development challenges more effectively. These partnerships help promote innovative solutions and ensure a coordinated approach to development efforts.
Future Directions
Looking ahead, the IDA continues to adapt its strategies to address emerging global challenges and support sustainable development in the world's poorest countries. By focusing on promoting inclusive growth, building resilience, and fostering partnerships, the IDA aims to play a key role in achieving the Sustainable Development Goals and creating a more prosperous and equitable world for all.
International Development Association Examples
- The International Development Association provides financial assistance to the world's poorest countries.
- Many developing nations rely on the International Development Association for funding for essential projects.
- The International Development Association works to reduce poverty in struggling countries through sustainable development initiatives.
- Countries must meet certain criteria to be eligible for support from the International Development Association.
- The International Development Association is part of the World Bank Group.
- The International Development Association helps countries build critical infrastructure like roads, schools, and healthcare facilities.
- Global leaders often discuss the impact of the International Development Association on poverty alleviation efforts.
- The International Development Association plays a crucial role in promoting economic growth in developing nations.
- International organizations collaborate with the International Development Association on various development projects.
- The International Development Association focuses on aiding countries in crisis and post-conflict situations.