International Development Association Replenishment Act of 2008

Bill 110 s 3168, also known as the International Development Association Replenishment Act of 2008, is a piece of legislation that focuses on providing funding for the International Development Association (IDA). The IDA is an international financial institution that provides low-interest loans and grants to the world's poorest countries to help them achieve sustainable development and reduce poverty.

The main purpose of this bill is to authorize the United States to contribute funds to the IDA for its 15th replenishment cycle. The IDA replenishment process occurs every three years, where donor countries, including the United States, pledge financial support to the IDA to continue its work in providing assistance to developing countries.

The bill outlines the amount of funding that the United States will contribute to the IDA, as well as any conditions or requirements for the use of these funds. It also includes provisions for oversight and accountability to ensure that the funds are being used effectively and efficiently. Overall, the International Development Association Replenishment Act of 2008 is aimed at supporting the IDA in its mission to help lift people out of poverty and promote sustainable development in some of the world's most vulnerable countries.