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What is International Development Association?
  • a)
    An affiliate of World Bank
  • b)
    A federation of International lending agencies
  • c)
    A voluntary association of Developing countries
  • d)
    An organization of donor countries of European Union
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is International Development Association?a)An affiliate of World...
The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1960 to complement the existing International Bank for Reconstruction and Development by lending to developing countries which suffer from the lowest gross national income, from troubled creditworthiness, or from the lowest per capita income. Together, the International Development Association and International Bank for Reconstruction and Development are collectively generally known as the World Bank, as they follow the same executive leadership and operate with the same staff.
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What is International Development Association?a)An affiliate of World...
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What is International Development Association?a)An affiliate of World Bankb)A federation of International lending agenciesc)A voluntary association of Developing countriesd)An organization of donor countries of European UnionCorrect answer is option 'A'. Can you explain this answer?
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