The International Development Association

Felix I. Lessambo

Chapter Chapter 5 in International Financial Institutions and Their Challenges, 2015, pp 53-59 from Palgrave Macmillan

Abstract: 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

Keywords: Vote Power; Grace Period; International Development Association; Heavily Indebted Poor Country; Bretton Wood Institution (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-52270-2_5

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DOI: 10.1057/9781137522702_5

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