International Development Association - IDA


 
 
Concept Explanation
 

International Development Association - IDA

International Development Association (I.D.A.)

It was set up in 1960 to function as an affiliate to the World Bank at the initiative of the U.S. Government. Its main object is to help the underdeveloped countries in the task of raising their living standards. The main difference between the I.F.C. (International Finance Corporation) and the I.D.A. (International  Development Association) is that while the former

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