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The International Development Association, a lending agency, is administered by the
[2010]
- a)International Bank for Reconstruction and Development
- b)International Fund for Agricultural Development
- c)United Nations Development Programme
- d)United Nations Industrial Development Organization
Correct answer is option 'A'. Can you explain this answer?
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The International Development Association, a lending agency, is admini...
International Development Association (IDA) , is that part of the World Bank that helps the world’s poorest countries. It complements the World Bank’s other lending arm— the International Bank for Reconstruction and Development (IBRD) which serves middle-income countries with capital investment and advisory services. IDA was created in 1960.
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The International Development Association, a lending agency, is admini...
The International Development Association (IDA) is administered by the International Bank for Reconstruction and Development (IBRD). Here is an explanation of this relationship:
- **International Development Association (IDA)**:
- IDA is a part of the World Bank Group and is focused on providing financial and technical assistance to the world's poorest countries. It offers concessional loans and grants to help these countries implement projects and programs that promote economic development, reduce poverty, and improve living conditions.
- **International Bank for Reconstruction and Development (IBRD)**:
- IBRD is also part of the World Bank Group and is focused on providing loans and financial services to middle-income and creditworthy low-income countries. It works alongside IDA but with a different focus and terms of lending.
- **Administration of IDA**:
- While both IDA and IBRD are part of the World Bank Group, they have separate governance structures. The administration of IDA falls under the oversight of the IBRD Board of Governors. This board is responsible for approving IDA's financial resources, policies, and operational strategies.
- **Relationship between IDA and IBRD**:
- Despite being separate entities, IDA and IBRD work closely together to address global development challenges. They share resources, expertise, and knowledge to maximize their impact and reach. The IBRD's strong financial position allows it to support IDA's activities and ensure that the world's poorest countries receive the assistance they need.
In conclusion, the International Development Association is administered by the International Bank for Reconstruction and Development, reflecting a collaborative effort within the World Bank Group to support sustainable development and poverty reduction worldwide.
- **International Development Association (IDA)**:
- IDA is a part of the World Bank Group and is focused on providing financial and technical assistance to the world's poorest countries. It offers concessional loans and grants to help these countries implement projects and programs that promote economic development, reduce poverty, and improve living conditions.
- **International Bank for Reconstruction and Development (IBRD)**:
- IBRD is also part of the World Bank Group and is focused on providing loans and financial services to middle-income and creditworthy low-income countries. It works alongside IDA but with a different focus and terms of lending.
- **Administration of IDA**:
- While both IDA and IBRD are part of the World Bank Group, they have separate governance structures. The administration of IDA falls under the oversight of the IBRD Board of Governors. This board is responsible for approving IDA's financial resources, policies, and operational strategies.
- **Relationship between IDA and IBRD**:
- Despite being separate entities, IDA and IBRD work closely together to address global development challenges. They share resources, expertise, and knowledge to maximize their impact and reach. The IBRD's strong financial position allows it to support IDA's activities and ensure that the world's poorest countries receive the assistance they need.
In conclusion, the International Development Association is administered by the International Bank for Reconstruction and Development, reflecting a collaborative effort within the World Bank Group to support sustainable development and poverty reduction worldwide.
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The International Development Association, a lending agency, is administered by the[2010]a)International Bank for Reconstruction and Developmentb)International Fund for Agricultural Developmentc)United Nations Development Programmed)United Nations Industrial Development OrganizationCorrect answer is option 'A'. Can you explain this answer?
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