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The International Development Association

In: International Financial Institutions and Their Challenges

Author

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  • Felix I. Lessambo

Abstract

The International Development Association (IDA) was organized by the WB in 1960 to provide additional financial assistance to the poorest developing countries. The IDA is the concessional arm of the Bretton Woods institutions, which plays a distinctive role in the development of finance systems, and provides a framework for performance, and financial and credit discipline in the developing world.1 Property and assets of the IDA, wherever located and by whomsoever they might be held, shall be immune from search, requisition, confiscation, expropriation, or any other form of seizure by executive or legislative action.2 Likewise, the archives of the IDA are also immune.3

Suggested Citation

  • Felix I. Lessambo, 2015. "The International Development Association," Palgrave Macmillan Books, in: International Financial Institutions and Their Challenges, chapter 0, pages 53-59, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-52270-2_5
    DOI: 10.1057/9781137522702_5
    as

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