*Certain requirements must be met for eligibility, for example currency and clearing.

International Development Association (IDA), a member of World Bank Group, was created in 1960. It operates as a global development cooperative owned by 173 nations. Like World Bank (International Bank for Reconstruction and Development or IBRD), IDA provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. World Bank Treasury is the treasury for IBRD and IDA.

IDA has two main goals: to end extreme poverty and to promote shared prosperity. It seeks to achieve these primarily by providing loans, grants, risk-management products and technical expertise to countries with low per-capita income, as well as by coordinating responses to regional and global challenges.

Since its inception, IDA has financed its operations primarily from its own equity, regularly increased through contributions by member countries as part of the three-year replenishment process. As a result of the strong equity support of member countries, IDA has built up a substantial equity base, amounting to US$168.2 billion as of 30 June 2020. To make the most efficient use of this strong equity base and contribute more to achieving the UN Sustainable Development Goals (SDGs), in FY18 IDA included market debt in its business model for the first time and launched its inaugural public bond in April 2018. To complement its funding strategy, in 2019 the IDA Bills Program was introduced to offer investors short-term instruments.

SUSTAINABILITY OBJECTIVES OF GSS BOND PROGRAMMES
Scaling up to achieve UN Sustainable Development Goals.

In 2018, IDA issued bonds in the capital markets for the first time, allowing it to significantly scale up its operations and development impact to help achieve the SDGs.

IDA’s entire funding programme supports its sustainable mandate, which is to achieve a positive impact with its operations for millions of beneficiaries in low per-capita income countries. IDA invests for impact, by supporting a range of development activities such as primary education, basic health services, clean water and sanitation, agriculture, business climate improvements, infrastructure, and institutional reforms. These projects pave the way toward equality, economic growth, job creation, higher incomes, and better living conditions.

By investing in IDA bonds, investors are helping address these problems, as well as environmental and health concerns, and preventing these threats from becoming global issues. IDA has an extensive results-measurement system that is published on its website and available for investors interested in impact measurement.

Capital Markets
+1 202 477 2880
This email address is being protected from spambots. You need JavaScript enabled to view it. 
www.treasury.worldbank.org/IDAfunding