IFC to infuse $1 bn into India Nov 17, 2009
Being an IDA (international development association) country, part of World Bank, India is a priority market for IFC. Three years ago, IFC did around 25% of its business in IDA countries, which rose to 45% last year. The increased activity has prompted IFC to increase its capital for funds. (India Times)
Uganda: Foreign Debt Will Be Out of Control By 2015 Nov 9, 2009
All the three were assessed against the International Development Association and Resource Allocation Index Scores thresholds, which are based on the country's policy and institutional assessment. Finance Ministry experts claim Uganda's external debt is within sustainable levels across all the indicators analysed except for the present value of debt to exports which breaches the benchmark from the year 2015. (allAfrica.com)
Zimbabwe: IMF to Review Debt as Payments Fall Behind Oct 20, 2009
Observers say Zimbabwe has been a blend country of International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) for a number of years. Relevant Links. (allAfrica.com)
East Africa: Tanzania First to Lower Internet Rates Oct 19, 2009
Meanwhile, the ICT sector in the country has received a major boost following the a $100 million credit from the World Bank's International Development Association to promote affordable communications services. Tanzania is one of three sub-Saharan states that will benefit from a credit totalling $151 million approved in late June by the World Bank. (allAfrica.com)
Annual Meetings 2009: Transcript of the Development Committee Press Conference, October 5, 2009 Oct 7, 2009
This would be considered as part of the mid-term review in November of the International Development Association, the World Bank's fund for the poorest countries. This initiative puts into practice a lesson from this crisis. (IMF News)
Backgrounder: World Bank Oct 6, 2009
ISTANBUL, Oct. 6 (Xinhua) -- The World Bank is made up of two unique development institutions of 186 members -- the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but supportive role to advance the vision of an inclusive and sustainable globalization. (Xinhuanet, China)
Ethiopia: ERA Allocates 11.2 BIllion Birr for 2026 Km Road Work Aug 14, 2009
The World Bank's first contribution to Ethiopia Road Sector Development Program was in the form of an International Development Association credit of US$309. 2 million (1998-2005), which was followed by an Adoptable Program Lending of US$845 million in four stages (2004-1016). (allAfrica.com)
World Bank president begins 3-nation African tour Aug 11, 2009
The World Bank Group support for Africa is mainly provided through the International Development Association (IDA) and the International Finance Corporation (IFC). IDA provides grants and low-interest loans to the worlds 79 poorest countries, half of which are in Africa. (Xinhuanet, China)
AfDB-World Bank Joint Partnership Strategy With Central African Republic Jul 24, 2009
Provide a framework for continuity of support with resources from the African Development Fund's 12th replenishment (ADF-12) and the 16th replenishment of the International Development Association (IDA-16). The AfDB's activities planned for 2009-2010 will be financed under ADF-11 country allocation of UA 17. (allAfrica.com)
Nigeria gets fresh $195m World Bank loan to tackle malaria, others Jul 21, 2009
It is under the bank's International Development Association (IDA) concessionary credit portfolio, which attracts only a yearly commitment charge of 0. 50 per cent payable on the undisbursed amount and a service charge of 0. (Guardian News, Nigeria)
AfDB Approves Fcfa 32 Billion Loan for Dakar-Diamniadio Highway Jul 17, 2009
41% of the entire cost of the project co-financed by the French Development Agency (AFD), the International Development Association (IDA) and the Senegalese government. 1 UA Units of Account) = 1. (allAfrica.com)
.... And The Minority Walked Out Jul 11, 2009
The house started the debate on the Economic Governance and Poverty Reduction Agreement between the government and International Development Association for $300 million for government support. When the NPP MP for Bimbilla-Mr. (Ghana Web, Ghana)
Tanzania: World Bank's U.S. $100 Million to Lower ICT Cost Jul 7, 2009
Nairobi Tanzania will receive $100 million credit from the International Development Association to extend its access to affordable communications services ... The International Development Association (IDA) is a financial arm of the World Bank. (allAfrica.com)
Nigeria: Govt Lifts Embargo On New Contracts Jul 2, 2009
FEC also approved the receipt of an International Development Association (IDA) credit worth N14 billion ($95million) for the execution of secondary education projects in Lagos State as well as $225 million to mitigate the spread of HIV/AIDS.. It also disclosed that it had granted the requests by the Academic Staff Union of Universities (ASUU) for retirement age of its members to be moved to 70 from 65, university autonomy and increased funding, but was still negotiating on salary increase since... (allAfrica.com)
Govt moves to hasten action on N'Delta Jul 2, 2009
" And to prove that the award of contracts has not been suspended, the council approved a total of $95 million (N13.870 billion) as intervention fund for the Lagos-Eko Secondary School Project. The council also approved a total of $225 million (N32.850 billion) for the development of an HIV/AIDS project. Both contracts are to be funded from credit provided by International Development Association (IDA). The council also considered and approved the final payment of the sum of N6,191,269,869,94 in... (Guardian News, Nigeria)
The NPP Party On Trial Jul 1, 2009
The International Development Association promised to deliver an estimated amount of $718 million in debt relief to Ghana over a 20 year period, with the IMF promising to deliver an amount of $112 million with an immediate effect. Now let's see how well the NPP government performed in the various sectors like education, health, infrastructure and governance with the debt relief firmly in place. (Ghana Web, Ghana)
Managing director: World Bank can better help developing countries Jun 25, 2009
"We're grateful for what China has done for the (World Bank's) International Development Association but we think it can do more," Okonjo-Iweala said. As an economic "heavyweight," China can elicit greater attention to the needs of low-income countries, which would then "push developed countries to do more," she added. (Xinhuanet, China)
World Bank to upgrade Nigeria's airports with $11m Jun 25, 2009
6million International Development Association (IDA) credit for the country under the West and Central Africa Air Transport Safety and Security project. The first stage of the programme had earlier been approved by the global financial institution's board in April 2006 for activities in Burkina Faso , Cameroon , Guinea and Mali. (Guardian News, Nigeria)
World Bank sees worse slump Jun 22, 2009
The World Bank said the International Development Association (IDA), a division of the World Bank that focuses on the 78 poorest countries, had received a record number of pleas for help. For the year to 30 June, the number of grants and interest-free loans are expected to be $13bn, the most ever. (BBC News -- Business)
World Bank approves action plan for urban sanitation project Jun 21, 2009
The Board approved an International Development Association (IDA) Credit (US$62. 0 million) in April 2004 to support the project, which includes the following key components: storm drainage improvements; household and public sanitation facilities; solid waste management, including support for sanitary landfills in three communities; community infrastructure upgrades; and institutional strengthening for environmental sanitation. (Ghana Web, Ghana)
Nigeria: Country Secures U.S.$1 Billion World Bank Loan Jun 18, 2009
02 billion) International Development Association (IDA) credit for four major projects in Nigeria including power and gas projects, HIV/AIDS reduction, malaria booster project and secondary school education project in Lagos State. An IDA credit is a highly concessionary loan, which is interest-free but attracts commitment and service charges of 0. (allAfrica.com)
WB clears $900m aid package to Pak Jun 5, 2009
The credits from the International Development Association, the World Bank's concessionary lending arm that specializes in helping the world's poorest 78 countries, carry a 0. 75% service fee, a 10-year grace period, and a maturity of 35 years. (India Times, India)
World Bank arm generous to a fault May 28, 2009
The International Development Association (IDA), the arm of the World Bank that makes grants and interest-free, long-term loans to poor countries around the world, lacks effective safeguards against corruption, according to a report by the bank's own Independent Evaluation Group (IEG). The damning report concluded that IDA, which lends and grants about US$10 billion annually to governments in Africa, Asia, Latin America, and Eastern Europe, doesn't protect its funds adequately from theft and... (Asia Times Online)
Africa: World Bank, IMF Move Against Global Crisis Apr 29, 2009
com: Africa: World Bank, IMF Move Against Global Crisis (Page 1 of 1). Africa: World Bank, IMF Move Against Global Crisis. (allAfrica.com)
Mozambique: World Bank Loan for Health Delivery Apr 18, 2009
The money comes from the World Bank's soft loans affiliate, the International Development Association (IDA). The total cost for the five year project is 72. (allAfrica.com)
Chapel Hill downtown group names new boss Apr 11, 2009
Norton, a native of North Carolina, has served as president of Downtown Tulsa Unlimited for almost 20 years and has served as an officer of the International Development Association. He is a graduate of with a degree in city and regional planning, and his wife, Annie, is a graduate of the 's School of Public Health. (Triangle Business Journal)
G-20 Plans to Increase IMF Funding by $1 Trillion Apr 3, 2009
The World Bank's International Development Association, a division aimed at supporting antipoverty programs in developing nations, is also seeking to raise funds but the Brazilian official didn't specify how much. -By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328; alex. (SmartMoney)
What it takes to be a Petro-State: Enough Lessons for Ghana Mar 10, 2009
A health improvement programme was the last and major programme funded by the World Banks International Development Association (IDA) which was closed in 1999 and since then there have been no significant new Bank lending programme for the country. This happened to Equatorial Guinea and being aware of the future social upheavals (distortions in foreign technical assistance that is regarded as a means of improving the functioning of a state), President Obiang is making effort to establish... (Ghana Web, Ghana)
