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Oct 19, 2024 · The International Development Association (IDA) is the part of the World Bank that helps the world’s low-income countries. IDA's grants and low-interest loans help countries invest in their futures, improve lives, and create safer, more prosperous communities around the world.
Oct 19, 2024 · The financing package is the largest ever mobilized in IDA’s 61-year history. How IDA funds are allocated. IDA borrowers have significant needs for concessional funds. IDA must therefore make decisions about how to allocate scarce resources among eligible countries.
Sep 23, 2024 · The majority of IDA resources are provided in the form of highly concessional loans (also known as credits) or IDA grants. A portion of IDA resources is offered at non-concessional terms to eligible IDA Recipients.
Oct 18, 2024 · Some countries, such as Nigeria and Pakistan, are IDA-eligible based on per capita income levels and are also creditworthy for some IBRD borrowing. They are referred to as “blend” countries. A total of 78 countries are currently eligible to receive IDA resources.
May 16, 2023 · IDA translates debt distress risk ratings into "traffic lights", which then determine the share of IDA grants and highly concessional IDA credits for each country.
Oct 19, 2024 · December 15, 2022 - A global coalition of development partners announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future.
Sep 23, 2024 · The grant allocation framework first introduced in IDA14 has only one criterion for grant eligibility: countries' risk of debt distress. The objective of grants is to help low-income countries to restore or maintain their external debt sustainability.
6 days ago · Building on the IDA20 Mid-Term Review discussions and the virtual first replenishment meeting, this meeting discussed key elements of IDA’s policy framework, including grant allocation and Sustainable Development Finance Policy (SDFP).
Mar 30, 2022 · It has delivered record levels of support to help countries protect the poor and vulnerable, reinforce health systems, maintain the private sector, and bolster economic recovery. List of IDA countries benefiting from the dedicated COVID-19 Fast-Track Facility.
All the work that IDA does is packaged in three-year policy frameworks called replenishments. The most recent replenishment of IDA’s resources, the twentieth (IDA20), was finalized in December 2021, resulting in a historic $93 billion financing package for IDA countries for fiscal years 2022-2025.
