Ida (Noun)
Meaning
An agency of the United Nations affiliated with the World Bank.
Classification
Nouns denoting groupings of people or objects.
Examples
- The International Development Association, or IDA, is the part of the World Bank that helps the world's poorest countries.
- IDA provides grants and loans to countries that have a per capita income of less than $1,215.
- The IDA works to achieve the United Nations' Sustainable Development Goals by providing financing for development projects.
- IDA's lending terms are highly concessional, with no interest charges and repayments periods of 25 to 38 years.
- IDA's resources are replenished every three years by its donor countries, which include many of the world's wealthiest nations.