International Development Association

International Development Association
International Development Association ˌInternational Deˈvelopment Associˌation abbreviation IDA noun ECONOMICS ORGANIZATIONS
an organization that is run by the International Bank for Reconstruction and Development. It provides low-interest loans to poorer countries to encourage economic growth

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   ► See IDA.

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International Development Association UK US noun (ABBREVIATION IDA)
BANKING, ECONOMICS, POLITICS one of the five international organizations that now make up the World Bank. The main aim of the International Development Association is to help the world's poorest countries by providing loans and other financial services aimed at improving their economies and living conditions.
See also THE WORLD BANK(Cf. ↑the World Bank)

Financial and business terms. 2012.

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