"The World Bank is a Multilateral Development Bank (MDB) that makes loans and grants to low and middle-income countries to reduce poverty and promote economic development. Both the World Bank and the International Monetary Fund (IMF) were founded at the Bretton Woods Conference in 1944. Two of the World Bank facilities, the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) lend directly to governments to finance projects and programs. [...] At the March 5-6 kick-off meeting for the IDA-15 round, donor governments selected three themes for IDA-15: (1) IDA's role in the international foreign aid system, (2) the role of the World Bank in post-conflict reconstruction and fragile states, and (3) the need to improve the effectiveness of IDA assistance. This report provides brief background material on the World Bank's IDA, the U.S. role at the institution, and information on the status of the current IDA-14 replenishment. It then examines the negotiations for IDA-15, and analyzes the three core themes identified for IDA-15. The report will be updated as events warrant."
CRS Report for Congress, RL33969
U.S. Dept. of State, Foreign Press Centers: http://fpc.state.gov/