The International Development Association, a lending agency, is administered by the

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Q: 90 (IAS/2010)
The International Development Association, a lending agency, is administered by the

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,765,318,765,67,185,66

keywords: 

{'international development association': [0, 0, 2, 1], 'united nations development programme': [0, 0, 0, 2], 'united nations industrial development organization': [0, 0, 1, 0], 'international bank': [0, 0, 2, 0], 'international fund': [0, 0, 2, 0], 'lending agency': [0, 0, 1, 0], 'agricultural development': [1, 0, 0, 1], 'development': [11, 4, 15, 44]}

The International Development Association (IDA) is a lending agency that is administered by the International Bank for Reconstruction and Development (IBRD), which is one of the five institutions of the World Bank Group. The IDA provides interest-free loans and grants to the world`s poorest countries for development programs and projects aimed at reducing poverty, promoting economic growth, and improving living standards. The IBRD, on the other hand, provides loans and advisory services to middle-income countries and creditworthy poorer countries. The International Fund for Agricultural Development (IFAD), the United Nations Development Programme (UNDP), and the United Nations Industrial Development Organization (UNIDO) are separate organizations that have their own mandates and focus areas.