International Development Association (IDA)

The International Development Association (IDA) is a part of the World Bank that provides financial assistance to the world's poorest countries. It offers low-interest loans and grants to help these nations improve their infrastructure, education, health care, and other vital services. IDA's goal is to reduce poverty and promote sustainable development by supporting projects that can lead to economic growth and improved living conditions. The funding is typically aimed at countries with limited resources, ensuring they can invest in crucial areas for their development without being burdened by debt.