International Development Association (IDA) is a Winner of the 2016 Global Sustainable Development Award and Accredited as a Global 500 Sustainable Development Agencies of the year 2016 in appreciation of its contribution towards social-economic development of the world and its contribution towards attainment of United Nations Sustainable Development Goals. Recognised for its commitment to attain Sustainable Peace and development through providing loans and other assistance primarily to middle income countries. .Awarded and Accredited by Public Opinions International (Uganda-East Africa).
Public Opinions International is a Partner and Member of International Organisation for Educational Development (IOED) and International Police Commission which is is duly registered as an international Non-Profit, Non-Secretarial, Peacekeeping and SocialDevelopment Paramilitary Organization based in the State of California, United States of America with extension commands in member nations of the U.N.The International Police Commission has also been given the Consultative Status from the UN ECOSOC and it is also a Member of the United Nations Office of the Drugs and Crimes “UNODC.
The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Overseen by 173 shareholder nations, IDA aims to reduce poverty by providing loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.
IDA complements the World Bank’s original lending arm—the International Bank for Reconstruction and Development (IBRD). IBRD was established to function as a self-sustaining business and provides loans and advice to middle-income and credit-worthy poor countries. IBRD and IDA share the same staff and headquarters and evaluate projects with the same rigorous standards.
IDA is one of the largest sources of assistance for the world’s 771 poorest countries, 39 of which are in Africa, and is the single largest source of donor funds for basic social services in these countries.
IDA lends money on concessional terms. This means that IDA credits have a zero or very low interest charge and repayments are stretched over 25 to 40 years, including a 5- to 10-year grace period. IDA also provides grants to countries at risk of debt distress.
In addition to concessional loans and grants, IDA provides significant levels of debt relief through the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI).
In the fiscal year ending June 30, 2015, IDA commitments totaled $19 billion, of which 13 percent was provided on grant terms. New commitments in FY15 comprised 191 new operations. Since 1960, IDA has provided $312 billion for investments in 112 countries. Annual commitments have increased steadily and averaged about $19 billion over the last three years.
IDA is a multi-issue institution, supporting a range of development activities that pave the way toward equality, economic growth, job creation, higher incomes, and better living conditions. IDA’s work covers primary education, basic health services, clean water and sanitation, agriculture, business climate improvements, infrastructure, and institutional reforms.
For the period July 1, 2014–June 30, 2017 (IDA17), IDA operations are placing a special emphasis on four thematic areas: climate change, fragile and conflict-affected countries, gender equality, and inclusive growth…Read More (pdf) ».
IDA funds are allocated to the recipient countries in relation to their income levels and record of success in managing their economies and their ongoing IDA projects. IDA’s lending terms are highly concessional, meaning that IDA credits carry no or low interest charges.
| FY16 Top 10 Borrowers | $ million |
|---|---|
| Ethiopia | 1,862 |
| Vietnam | 1,670 |
| Bangladesh | 1,557 |
| Pakistan | 1,460 |
| Nigeria | 1,075 |
| India | 1,025 |
| Tanzania | 864 |
| Kenya | 646 |
| Congo, Dem. Rep. | 600 |
| Ghana | 500 |
The lending terms are determined with reference to recipient countries’ risk of debt distress, the level of GNI per capita, and creditworthiness for the International Bank for Reconstruction and Development (IBRD) borrowing. Recipients with a high risk of debt distress receive 100 percent of their financial assistance in the form of grants and those with a medium risk of debt distress receive 50 percent in the form of grants. Other recipients receive IDA credits on regular or blend and hard-terms with 38-year and 25-year maturities respectively.
In fiscal year 2016 (which ended June 30, 2016), IDA commitments totaled $16.2 billion (including IDA guarantees), of which 12 percent was provided on grant terms. New commitments in FY16 comprised 161 new operations. Since 1960, IDA has provided $328 billion to 112 countries. Annual commitments have increased steadily and averaged about $19 billion over the last three years.
IDA-financed operations address primary education, basic health services, clean water and sanitation, environmental safeguards, business climate improvements, infrastructure and institutional reforms. These projects pave the way toward economic growth, job creation, higher incomes and better living conditions.
IDA emphasizes broad-based growth, including:
- Sound economic policies, rural development, private business, and sustainable environmental practices
- Investment in people, in education and health, especially in the struggle against HIV/AIDS, malaria, and TB
- Expansion of borrower capacity to provide basic services and ensure accountability for public resources
- Recovery from civil strife, armed conflict, and natural disaster
- Promotion of trade and regional integration
| IDA Lending by Sector | % of total 1 |
|---|---|
| Infrastructure | 36 |
| Social Services | 28 |
| Public Admin. and Law | 17 |
| Agriculture | 10 |
| Industry and Trade | 5 |
| Finance | 3 |
| 1 Percentages do not add up to 100% due to rounding | |
IDA carries out analytical studies to build the knowledge base that allows intelligent design of policies to reduce poverty. IDA advises governments on ways to broaden the base of economic growth and protect the poor from economic shocks.
IDA also coordinates donor assistance to provide relief for poor countries that cannot manage their debt-service burden. IDA has developed a system for allocating grants based on countries’ risk of debt distress, designed to help countries ensure debt obligations are met (debt sustainability).
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