The is the part of the World Bank Group that helps the world’s 78 poorest countries, 40 of which are in Africa. It is one of the largest sources of development assistance for these countries.
IDA aims to reduce poverty by providing zero to low-interest loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions. More than half of IDA countries receive all, or half, of their IDA resources on grant terms, which carry no repayments at all.
IDA resources are every three years from donor governments, the World Bank Group, and market sources. The 21st replenishment of IDA aims to “.” IDA will invest in countries pursuing sustainable development paths, benefiting 1.9 billion people globally while maintaining its commitment to continuous improvement.
The results stories featured on this website illustrate how the World Bank leverages its global knowledge solutions, financing, and platform role to help African countries break the cycle of poverty. The stories showcase IDA’s impact on families, national economies, and development across the region.
–&Բ;Ousmane Diagana, Regional Vice President, Western and Central Africa
