The International Development Association (IDA) was founded in 1960 and is headquartered in Washington, D.C. It serves as a vital financial institution within the World Bank Group, dedicated to reducing poverty and fostering sustainable development in the world's poorest countries. The IDA primarily provides concessional loans and grants, focusing on projects that address critical social and economic challenges.
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IDA began issuing bonds to finance its operations in 1973, which further enabled it to provide financing for developmental projects. Significant bond issuances include the 2016 issuance of $1.5 billion aimed at supporting infrastructure development in sub-Saharan Africa and the 2021 issuance of $2 billion for climate change resilience projects. Current yields on IDA bonds remain competitive within the development finance sector, with features such as long maturities that appeal to traditional bond investors seeking stable, socially responsible opportunities.