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Agencies, lending agencies and jobs polish

The International Development Association (IDA) , is the 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 on September 24, 1960 and is responsible for providing long-term, interest-free loans to the world’s 80 poorest countries, 39 of which are in Africa. IDA provides grants and credits (subject to general conditions (pdf)), with repayment periods of 35 to 40 years. Since its inception, IDA credits and grants have totaled $161 billion, averaging $7–$9 billion a year in recent years and directing the largest share, about 50%, to Africa. While the IBRD raises most of its funds on the world’s financial markets, IDA is funded largely by contributions from the governments of the richer member countries. Additional funds come from IBRD income and repayment of IDA credits.

IDA loans address primary education, basic health services, clean water supply and sanitation, environmental safeguards, business-climate improvements, infrastructure and institutional reforms. These projects are intended to pave the way toward economic growth, job creation, higher incomes and better living conditions.

IBRD loans and IDA credits in 2005


International Development Association member states

Members of the IDA are 169 of the UN members and the Kosovo.

Non-members are: Cuba, North Korea, Brunei, Jamaica, Antigua and Barbuda, Venezuela, Suriname, Uruguay, Cook Islands, Nauru, Niue, Vatican City, San Marino, Monaco, Andorra, Liechtenstein, Malta, Bulgaria, Romania, Belarus, Lithuania, Turkmenistan, Bahrain, Qatar, Uganda, Namibia, Seychelles and the rest of states with limited recognition.


From Wikipedia, the free encyclopedia : Agencies, lending agencies and jobs polish
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