The International Development Association, a lending agency, is administered by the

Option 1 is correct. The International Development Association (IDA) is administered by the International Bank for Reconstruction and Development (IBRD). The two institutions share the same head and management and are commonly referred to together as the “World Bank,” indicating that IDA operates under IBRD’s institutional umbrella and coordination [1]. Official sources explicitly state that IBRD and its affiliate IDA together constitute the World Bank; IBRD also provides financial and managerial linkage to IDA operations, with IDA receiving contributions from member governments and additional resources from IBRD/IFC, which confirms their administrative integration [2]. Thus IDA is not administered by UN agencies such as IFAD, UNDP, or UNIDO.

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Important Facts > p. 523
2. [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > International Development Association (IDA) > p. 400