In a move that signals Suriname’s increasing recognition as a likely important cog in the wheel of the global economy, the World Bank has inducted the South American country as the 175th member of its International Development Association (IDA). Over time, the IDA has been increasingly deployed as a tool with which to fight extreme poverty in some of the world’s poorest countries, complementing the Bank’s original lending arm — the International Bank for Reconstruction and Development (IBRD).
