The International Development Asso- ciation, a lending agency, is adminis- tered by the
A
International Bank for Reconstruc- tion and Development
B
International Fund for Agricultural Development
C
United Nations Development Pro- gramme.
D
United Nations Industrial Develop- ment Organization
Correct Answer: Option A
Explanation
1. The question asks which institution administers the International Development Association (IDA).
2. The IDA is the part of the World Bank Group that helps the world's poorest countries.
3. It provides grants and low-interest or zero-interest loans (called credits) for programs aimed at boosting economic growth, reducing inequalities, and improving people's living conditions.
4. The IDA shares the same staff and headquarters as the International Bank for Reconstruction and Development (IBRD), the other major lending arm of the World Bank Group. Together, IBRD and IDA form the World Bank.
5. Therefore, the IDA is administered by the IBRD (World Bank).
6. IFAD, UNDP, and UNIDO are separate international organizations with different mandates.