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The International Development Association (IDA) is the part of the World Bank Group that helps the world¡¯s poorest countries. Established in 1960, IDA aims to reduce poverty by providing loans (called ¡°credits¡±) and grants for programs that boost economic growth, reduce inequalities, and improve people¡¯s living conditions. 

Pandemics, climate change, conflict. The world faces threats that can only be solved through cooperation and coordination across borders.
 

Since its founding, ľ¹ÏÓ°Ôº Group has evolved to meet new challenges to ending extreme poverty and creating opportunity for all. Along with a vast network of worldwide partners, we continue to adapt with new innovative lending approaches, partnering with the private sector to expand funding for development, and responding to global threats that affect rich and poor alike.

¡°For we shall prosper individually, only as we prosper collectively¡± - Eugene Meyer. First World Bank President.