Iceland supports international efforts to promote human and economic development, end extreme poverty, and boost shared prosperity on a livable planet.
Iceland became a member of the International Bank for Reconstruction and Development—the World Bank—on Dec. 27, 1945. Today, Iceland is a member of the five institutions that form the World Bank Group.
The end of 2024 will mark the halfway point of what was expected to be a transformative decade for development—when extreme poverty was to be extinguished, when major communicable diseases were to be eradicated, and when greenhouse-gas emissions were to be cut nearly in half. What looms instead is a wretched milestone.
The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Established in 1960, IDA aims to reduce poverty by providing loans (called "credits") and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions. Visit ida.worldbank.org
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