The International Development Association (IDA) is a branch of the World Bank that provides financial assistance to developing countries. As an alternative term, IDA can be referred to as the World Bank's low-income lending arm due to its main objective of providing financial help to the poorest countries in the world. Other synonyms for IDA can be international aid organization or poverty reduction lending institution. It is worth noting that IDA is different from the International Monetary Fund (IMF), which focuses on macroeconomic policies for stabilizing global financial markets and providing short-term loans to countries facing economic crises.