UN General Assembly
1976

95. Furthermore, the prospects for the fifth replenishment of the resources of the International Development Association [IOA], a branch of the World Bank which was established to assist in the financing of the development of the poorest countries, by means of long-term, interest-free bans are not encouraging because of the reluctance of the traditional donors. Indeed, the trend seems to be towards a reduction in contributions whereas, in view of the inflation in the world, fluctuations in national currencies, and the recession, the resources of IDA should be increasing if the level of action of the fourth replenishment, which will come to an end on 30 June 1977, is to be maintained in the future. 96. With regard to the financing of the "third window", the World Bank has been able to mobilize only $600 million of the target of $1 billion. The International Fund for Agricultural Development, established in November 1974, has not yet been able to start operating because of the lack of resources.