The International Development Association (IDA) was established in 1960 and is headquartered in Washington D.C. with 173 member countries. IDA provides concessional loans and grants to the world's poorest developing countries. IDA supports projects in areas like health, education, infrastructure, and agriculture in 82 countries, 40 of which are in Africa. IDA's goals are to reduce poverty and disparities within and across countries by providing long-term, low-interest loans to promote economic development and improve living standards. India is currently IDA's largest borrower, having received $2.578 billion in total from IDA.

1. International Development
Association

2. It offers concessional loans and grants to the
world’s poorest developing countries
Established in the year 1960
Headquarters at Washington D.C.
Membership of 173 countries
President is Jim Yong Kim
It is the world banks fund for the poorest
countries

3. IDA provides
support for
Health
Education
Infrastructure
Agriculture
Economic and institutional development to
82 countries (40 of them in Africa)

4. Objectives of
IDA
To provide development
finance on easy terms to
the less developed
member countries
To provide assistance for
poverty alleviation in the
poorest countries
To provide finance at a
concessional interest rates in
order to promote economic
development, raise
productivity and living
standards in less developed
nations
Provides long term
loans at zero interest
to the poorest of the
developing countries
Supports efficient and effective
programs to reduce poverty
and improve the quality of life
in its poorest member countries
Helps build the human capital,
policies, institutions, and physical
infrastructure needed to bring about
equitable and sustainable growth
IDA’s goal is to reduce the
disparities across and
within countries, to bring
more people into the
mainstream.

5. INDIAAND
IDA
India has
become the
largest
borrower from
the
International
Development
Association
(IDA), the soft
loan affiliate of
the World Bank,
which helps the
world’s poorest
countries, with a
total borrowing
of $2,578
million.
India is also
now the third
largest
borrower of the
International
Bank for
Reconstruction
and
Development
(the World
Bank), with a
total portfolio of
$21.9 billion (Rs
98,590 crores).
Among the
states in the
country, Tamil
Nadu is now the
largest
borrower from
the World Bank,
with an
exposure of $2.1
billion spread
over six
projects.
According to the
bank’s FY10
Top Ten IDA
borrowing
countries, India
tops the table
with $2,578
million
IDA lends
money to India
on concessional
terms. This
means IDA
credits have no
interest charge
and repayments
are stretched
over 35 to 40
years, including
a 10-year grace
period.