International Development Association
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The International Development Association (IDA) was created on September 24, 1960, is a UN specialized agency. It is responsible for providing long-term interest-free loans to the poorest of developing countries on terms more lenient than those of the World Bank proper, and forms part of the World Bank Group based in Washington, D.C..
The International Development Association (IDA) provides grants and "soft loans", with repayment periods of some 30 years and no interest, to the poorest countries (generally with per capita incomes below $500 per year). IDA concessionary lending is funded by direct contributions from member states, which subsidise the difference between the IBRD's costs and the price charged to IDA borrowers.
de:International Development Association