What is the United Nations International Development Association (IDA) responsible for?

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What is the United Nations International Development Association (IDA) responsible for?

The United Nations International Development Association (IDA) is responsible for providing financial assistance to the world's poorest countries. It aims to reduce poverty and promote sustainable development by offering low-interest or interest-free loans and grants to these countries. IDA focuses on supporting projects and programs that address key development challenges, such as improving access to education, healthcare, clean water, and sanitation, as well as promoting economic growth and reducing inequality. Additionally, IDA works closely with recipient countries to strengthen their capacity for effective governance and implementation of development initiatives.