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What is an IDA country?

The International Development Association (IDA) (French: Association internationale de développement) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries.

What are the conditions required to obtain a loan from IDA?

For a country to access IDA resources, it must be in a situation of relative poverty as indicated by its per capita income falling below the IDA operational cut-off, $1,255 in FY23, and/or lack creditworthiness for IBRD borrowing.

What is the criteria for approving an IDA credit?

Eligibility for IDA support depends first and foremost on a country's relative poverty, defined as GNI per capita below an established threshold and updated annually ($1,255 in the fiscal year 2023).

What is an IDA in banking?

SPOTLIGHT ON INDIVIDUAL DEVELOPMENT ACCOUNTS -- 2022 Edition An IDA is a special bank account that helps you save for your education, the purchase of a first home, or to start a business. You use earnings from your work to set up an approved bank account for an IDA.

What is the criteria for approving an IDA credit?

Eligibility for IDA support depends first and foremost on a country's relative poverty, defined as GNI per capita below an established threshold and updated annually ($1,255 in the fiscal year 2023).

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