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International Development Association (IDA)

http://ida.worldbank.org

Overview

  • Organization TypeGovernment, Funding Agencies
  • Staff10,000+
  • Development BudgetOver 500 Million
  • HeadquartersUnited States
  • Founded1960
The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Overseen by 173 shareholder nations, 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. IDA complements the World Bank’s original lending arm—the International Bank for Reconstruction and Development (IBRD). IBRD was established to function as a self-sustaining business and provides loans and advice to middle-income and credit-worthy poor countries. IBRD and IDA share the same staff and headquarters and evaluate projects with the same rigorous standards. IDA is one of the largest sources of assistance for the world’s 771 poorest countries, 39 of which are in Africa, and is the single largest source of donor funds for basic social services in these countries. IDA lends money on concessional terms. This means that IDA credits have a zero or very low interest charge and repayments are stretched over 25 to 40 years, including a 5- to 10-year grace period. IDA also provides grants to countries at risk of debt distress. In addition to concessional loans and grants, IDA provides significant levels of debt relief through the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). In the fiscal year ending June 30, 2015, IDA commitments totaled $19 billion, of which 13 percent was provided on grant terms. New commitments in FY15 comprised 191 new operations. Since 1960, IDA has provided $312 billion for investments in 112 countries. Annual commitments have increased steadily and averaged about $19 billion over the last three years. IDA is a multi-issue institution, supporting a range of development activities that pave the way toward equality, economic growth, job creation, higher incomes, and better living conditions. IDA's work covers primary education, basic health services, clean water and sanitation, agriculture, business climate improvements, infrastructure, and institutional reforms. IDA complements the World Bank’s original lending arm—the International Bank for Reconstruction and Development (IBRD). IBRD was established to function as a selfsustaining business, and provides loans and advice to middle-income and credit-worthy countries. IBRD and IDA share the same staff and headquarters and evaluate projects with the same rigorous standards. IDA is one of the largest sources of assistance for the world’s 771 poorest countries, 39 of which are in Africa, and is the single largest source of donor funds for basic social services in these countries. IDA lends money on concessional terms. This means that IDA credits have a zero or very low interest charge and repayments are stretched over 25 to 38 years, including a 5- to 10-year grace period. IDA also provides grants to countries at risk of debt distress. In addition to concessional loans and grants, IDA provides significant levels of debt relief through the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). In the fiscal year ending June 30, 2015, IDA commitments totaled $19 billion, of which 13 percent was provided on grant terms. New commitments in fiscal year 2015 comprised 191 new operations. Since 1960, IDA has provided $312 billion for investments in 112 countries. Annual commitments have increased steadily and averaged about $19 billion over the last three years. What They Do IDA is a multi-issue institution, supporting a range of development activities, such as primary education, basic health services, clean water and sanitation, agriculture, business climate improvements, infrastructure, and institutional reforms. These interventions pave the way toward equality, economic growth, job creation, higher incomes, and better living conditions. For the period July 1, 2014–June 30, 2017 (IDA17), IDA operations are placing a special emphasis on four thematic areas: climate change, fragile and conflictaffected countries, gender equality, and inclusive growth. IDA17 financing is expected to provide, among other things, electricity for an estimated 15-20 million people, life-saving vaccines for 200 million children, microfinance loans for more than 1 million women, and basic health services for 65 million people. Some 32 million people will benefit from access to clean water and another 5.6 million from better sanitation facilities. Many of the issues developing countries face do not respect borders. By helping address these problems, IDA supports security, environmental and health concerns, and works to prevent these threats from becoming global issues. For contributing partners, IDA provides an efficient channel for directing development assistance to the poorest countries. Because contributions to IDA are pooled together with repayments from former and current IDA recipients, IDA provides a substantial and stable source of funding that IDA countries can rely on to fund their development priorities. IDA is also a key partner during crises and emergencies through tools like its Crisis Response Window (CRW). The CRW supported countries undergoing severe crises, such as Haiti in the aftermath of the 2010 earthquake, West African countries affected by the Ebola outbreak, and Nepal after the 2015 earthquake. Since its introduction in IDA16, the CRW has provided $1.8 billion to respond to crises and emergencies in 18 IDA countries across five regions. CRW funds were provided in addition to the countries’ regular IDA allocation. IDA’s operational work is complemented by analytical studies that support the design of policies to reduce poverty. IDA advises governments on ways to broaden the base of economic growth and protect the poor from economic shocks. IDA also coordinates donor assistance to provide relief for poor countries that cannot manage their debt-service burden, and has a system for allocating grants based on countries’ risk of debt distress, designed to help countries ensure debt sustainability. IDA places a premium on development impact and is regarded as a transparent, cost-effective platform for achieving results. (Read about results measurement below.) For example, from fiscal years 2011- 15, IDA financing immunized 205 million children; provided access to better water services for 50 million people; and recruited and/or trained more than 5 million teachers. Visit us online to learn more about what they do and see what donors and others say about us at www. worldbank.org/ida, www.facebook. com/ida.wbg, and www.youtube. com/worldbank.

Where is International Development Association (IDA)
Jobs1Location of open jobs
Projects1Location of contracts awarded

Careers

1Current job
5Total posted jobs

Job openings over the past year

Examples of past jobs

  • Program Coordinator (Fisheries Development Fund)
    Mozambique
  • Financial Assistant (Fishery Development Fund)
    Mozambique
  • Procurement Manager (Fisheries Development Fund)
    Mozambique
  • Adviser in the Oil and Gas Industry
    Senegal

Staff at International Development Association (IDA) have experience in

Sectors

  • personnel / human resources
  • development
  • public administration
  • events / training
  • project support

Funders

  • world bank group
  • goal global

Countries

  • uganda
  • somalia
  • tajikistan
  • tanzania
  • switzerland

Skills

  • managerial experience
  • business development
  • experience in recruitment
  • with experience in conflict areas

Contact International Development Association (IDA)

Former staff

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Company Offices
  • United States (headquarters)
  • Washington, DC
  • The World Bank 1818 H Street, N.W. Washington, D.C. USA