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International Development Association

International Development Association definition - finance
An organization that works in conjunction with the World Bank to help the worldÂ’s poorest countries reduce poverty by giving them credits, which are loans at zero interest that have a 10-year grace period and maturities of 35 to 40 years.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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