The International Development Association, a lending agency, is administered by the _________________.

International Bank for Reconstruction and Development

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International Monetary Fund

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United Nations Development Programme

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United Nations Industrial Development Organisation

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Solution

The correct option is A International Bank for Reconstruction and Development
International Bank for Reconstruction and Development .
IDA was set up in 1960, 16 years after the establishment of the World Bank to address the worry that the most unfortunate nations couldn't stand to obtain at the close market-rate terms offered by the IBRD. Thus, IDA was built up as a rotating store, giving concessional advances to the most poor nations sponsored by giver commitments .

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