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International Development Association (IDA)

John O'Connell


Subject Business and Management » International Management


Extract

Many of the developing nations of the world do not have the ability to meet the financial or other requirements for loans through most programs of the World Bank or other fund providers. Thus, money for development is hard to come by through normal channels. In 1960 the International Bank for Reconstruction and Development (IBRD) established the IDA to provide funding (at subsidized rates) to the poorest nations to facilitate economic development. The IDA's efforts expedite the development of countries, thereby making them eligible for other types of assistance with the aim of, eventually, making them financially self‐supporting. ( 1988 ). Development Aid: A Guide to National and International Agencies . Worburn, ME : Butterworth‐Heinemann . ... log in or subscribe to read full text

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The Blackwell Encyclopedia of Management



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