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Generate QuizThe World Bank's International Development Association (IDA) provides grants and zero- to low-interest loans to the world's poorest countries, focusing on investments in health, education, infrastructure, and climate resilience to reduce poverty and boost shared prosperity.
- True
- False
Answer: True
IDA, replenished every three years by donor contributions, is the largest source of concessional finance for low-income countries. Its projects prioritize human capital development, gender equality, and environmental sustainability, laying foundations for inclusive, sustainable economic growth.