[ noun ] an agency of the United Nations affiliated with the World Bank <noun.group>
The World Bank loans will be at variable lending rates, while the IDA credits will be interest-free except for administrative fees.
For the three years beginning July 1 IDA is seeking about $15 billion.
If IDA 10 is to be as generous in real terms as the bank's previous effort, it will have to raise about Dollars 18bn.
For a long time the IDA and Merrell Dow claimed that opposition was confined to a few farmers and enviro-cranks.
And Benin will receive a $15 million IDA credit to improve operations of both public and privately owned enterprises.
Niger will get $80 million from the IDA and the World Bank African fund to support economic reforms.
Sri Lanka will get a $90 million IDA loan to help stabilize its economy and support broad structural reforms.
To qualify for IDA assistance, countries generally must have a per-capita gross national product of no more than $750 and lack international credit-worthiness.
Sheldon Rappaport, the bank's financial spokesman, said over $5.5 billion will go to the poorest countries from the bank's International Development Association (IDA).
The World Bank loans will be at variable rates keyed to the bank's own borrowing costs in capital markets; the IDA credits will be interest-free except for administrative fees.
The bank is seeking donations for a new cycle of lending by the International Development Association (IDA), its concessional finance affiliate.
The IDA credit is interest-free but bears a small administrative charge.
The World Bank gifts to IDA total more than $2.5 billion to date.
Talks lasted more than a year and the IDA says it would have been prepared to back the scheme if it had been satisfied it was viable.