Search box

Definition: International Development Association

External debt - IMF

The International Development Association (IDA), established in 1960, is the concessional lending arm of the World Bank Group. IDA provides low-income developing countries with long-term loans on highly concessional terms: typically a 10-year grace period, a 40-year repayment period, and only a small servicing charge.
International Monetary Fund (IMF), "External Debt Statistics: Guide for Compilers and Users; Appendix III. Glossary of External Debt Terms", Washington D.C., 2003