International Development Association (IDA)

Funding background

The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Established in 1960, IDA aims to reduce poverty by providing zero to low-interest loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.

Eligibility

To be eligible for funds, countries must first meet the following criteria:

» Relative poverty defined as GNI per capita must be below an established threshold (updated annually). In fiscal year 2024, this was $1,315.

» Lack creditworthiness to borrow on market terms and therefore have a need for concessional resources to finance the country’s development program.

In addition, countries are then assessed to determine how well they implement policies that promote economic growth and poverty reduction.

Financing

Concessional Partner Loan, Grants, Crisis Financing

Applying

Not specified.