International Development Association

SECTOR Supranational
RATINGS AAA/Aaa
RATING OUTLOOK Both stable
PAID-IN CAPITAL (30 Jun 2021) US$180.9BN
CALLABLE CAPITAL (30 Jun 2021) N/A
FUNDING VOLUME FY22/FY23
US$9.4BN/US$10BN
RISK WEIGHT, LCR LEVEL, SOLVENCY II 0%, level 1, 0%
REPO ELIGIBILITY ECB, BoE, RBA (expected), RBNZ (expected)
About International Development Association

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 inception, IDA has financed its operations primarily from its own equity, regularly increased through contributions by member countries as part of a 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$180.9 billion as of 30 June 2021. 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. To complement its funding strategy, in 2019 the IDA Bills Program was introduced.

GSS BOND PROGRAMME NAME  IDA Sustainable Development Bond Program
SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMME
Supports sustainable development projects and programmes in member countries.
REFERENCE TAXONOMY FOR THE USE OF PROCEEDS IDA Sustainable Development Bond Framework
FRAMEWORK WITH WHICH THE GSS BOND PROGRAMME IS ALIGNED Sustainability Bond Guidelines
Funding strategy

In 2018, IDA issued bonds in the capital markets for the first time, allowing it significantly to scale up its operations and development impact to help achieve the SDGs. IDA issues all its bonds with the label Sustainable Development Bond, which aligns with the Sustainability Bond Guidelines coordinated by ICMA.

IDA’s entire funding programme supports its development 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 helping to prevent these threats from becoming global issues.

FOR FURTHER INFORMATION PLEASE CONTACT:

World Bank Treasury, Capital Markets and Investments
+1 202 477 2880
This email address is being protected from spambots. You need JavaScript enabled to view it. 
https://treasury.worldbank.org/en/about/unit/treasury/IDA