The International Development Association (IDA) is a part of the World Bank that provides low-interest loans and grants to the world's poorest countries. Established in 1960, its main goal is to reduce poverty and promote sustainable economic growth by funding projects in areas like education, health, and infrastructure. IDA focuses on countries with limited financial resources, helping them improve living conditions and build capacity. By offering financial support and technical assistance, the IDA aims to empower these nations to achieve long-term development goals and improve the quality of life for their citizens.