Financial Results

The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries. IBRD is the original World Bank institution. It works closely with the rest of the World Bank Group to help developing countries reduce poverty, promote economic growth, and build prosperity.

Balance Sheet
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As ofJune 30,2025June 30,2024June 30,2023June 30,2022June 30,2021
Assets
Due from Banks4854905474792,347
Investments102,68882,80779,27781,82087,904
Derivative assets, net6664562718043,355
Net loans outstanding280,043260,236241,041227,092218,799
Other assets15,62912,62311,5057,3474,896
Total Assets399,511356,612332,641317,542317,301
Liabilities
Borrowings306,161261,790237,265235,173260,076
Derivative liabilities, net12,45422,72826,89320,0411,222
Other liabilities8,8848,6108,1017,0087,925
Equity72,01263,48460,38255,32048,078
Total Liabilities and Equity399,511356,612332,641317,542317,301
  • Expressed in millions of U.S. dollars.

Summary of Allocable Income
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For the period/fiscal year endedJune 30,2025June 30,2024June 30,2023June 30,2022June 30,2021
Revenue on interest earning assets
Loan interest revenue, net of funding costs4,8214,8743,8741,8921,754
Other ALM derivatives, net(1,293)(1,726)(850)583604
Investment revenue, net of funding costs6561188(3)86
Total revenue on interest earning assets, net3,5933,2093,2122,4722,444
Provision for losses on loans and other exposures - (charge) / release75(94)(683)(562)(147)
Net non-interest expenses(1,582)(1,434)(1,459)(1,455)(1,384)
Commitment charges152149---
Non-interest revenue - Other, net17042---
Non-interest expenses - Other(24)(23)---
Net pension cost, other than service cost--205280(11)
Net other revenue--218103295
Adjustments to reconcile net (loss) income to Allocable Income--(181)(32)51
Allocable income2,3841,8491,3128061,248
Allocated as follows:
Board of Executive Directors' approval
General reserve1,182834921589874
Board of Governors' (BOG) approval-----
Transfers to IDA782515291117274
Transfers to Surplus420500100100100
  • Expressed in millions of U.S. dollars.

Key Ratio (Percent)

As ofJune 30,2025June 30,2024June 30,2023June 30,2022June 30,2021
Equity-to-Loans Ratio21.6%21.5%22.0%22.0%22.6%

Net Commitments
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Expressed in millions of U.S. dollars
 FY25FY24
Investment Project Financing (IPF)17,49214,526
Development Policy Financing (DPF)16,61415,896
Program-for-Results (PforR)6,7797,146
Total40,88537,568
  • Expressed in millions of U.S. dollars.
  • Commitments are net of full cancellations/terminations approved in the same fiscal year.

Net Commitments by Region
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Expressed in millions of U.S. dollars
For the period/fiscal year ended
IPFDPFPforRTotal
AFEFY258052,115-2,920
FY247391,8753002,914
AFWFY25149763-912
FY241907857501,725
EAPFY252,3803,0501,0006,430
FY242,7882,8501,1506,788
ECAFY256,2392,9421,29710,478
FY245,8482,6408149,302
LCRFY254,6276,7441,01812,389
FY243,9364,7777509,463
MNAFY252,2661,0001,9005,166
FY245481,5002,1854,233
SARFY251,026-1,5642,590
FY244771,4691,1973,143
  • Expressed in millions of U.S. dollars.
  • Commitments are net of full cancellations/terminations approved in the same fiscal year.
  • IPF - Investment Project Financing, DPF - Development Policy Financing, PforR - Program-for-Results
Expressed in millions of U.S. dollars
For the period/fiscal year ended
IPFDPFPforRTotal
Brazil1,3862,2222483,856
Turkiye3,791--3,791
Argentina1,7301,5005003,730
Ukraine8741,0511,2173,142
Philippines1,3051,550-2,855
Indonesia6531,5006002,753
India786-1,5642,350
Morocco3206008501,770
South Africa-1,500-1,500
Peru2051,000-1,205
Angola650500-1,150
Romania-1,150-1,150
Jordan504006501,100
Iraq930--930
Colombia-900-900
Ecuador200700-900
Lebanon758--758
China350-400750
Kazakhstan650--650
Tunisia208-400608
Cote d'Ivoire-544-544
Costa Rica200200120520
Guatemala400--400
El Salvador390--390
Azerbaijan324--324
Serbia124160-284
Uzbekistan4260-264
Bosnia and Herzegovina16874-242
Pakistan240--240
Jamaica12192-204
Albania-12080200
Cameroon-200-200
Armenia180--180
Eswatini59100-159
Chile--150150
Gabon149--149
Montenegro3587-122
Moldova7240-112
Botswana88--88
Barbados5430-84
Belize50--50
Mongolia47--47
Fiji25--25
Seychelles815-23
Congo, Republic of-19-19
North Macedonia17--17
  • Expressed in millions of U.S. dollars.
  • Commitments are net of full cancellations/terminations approved in the same fiscal year.
  • IPF - Investment Project Financing, DPF - Development Policy Financing, PforR - Program-for-Results

Gross Disbursements
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Expressed in millions of U.S. dollars
 FY25FY24
Investment Project Financing (IPF)10,14012,996
Development Policy Financing (DPF)15,67317,024
Program-for-Results (PforR)4,9663,430
Total30,77933,450
  • Expressed in millions of U.S. dollars.

Gross Disbursements by Region
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Expressed in millions of U.S. dollars
For the period/fiscal year ended
IPFDPFPforRTotal
AFEFY2561061441,228
FY246012,525-3,126
AFWFY251669631341,263
FY24195378240
EAPFY251,3462,2904284,064
FY241,5593,3775565,492
ECAFY253,4903,0601,5068,056
FY245,7104,58228210,574
LCRFY252,0145,3994157,828
FY241,9454,0862746,305
MNAFY251,1881,8781,3104,376
FY241,2939731,0663,332
SARFY251,3261,4691,1693,964
FY241,6931,4441,2444,381
  • Expressed in millions of U.S. dollars.
  • IPF - Investment Project Financing, DPF - Development Policy Financing, PforR - Program-for-Results
Expressed in millions of U.S. dollars
For the period/fiscal year ended
IPFDPFPforRTotal
India9211,4691,1393,529
Ukraine9751,0611,1053,141
Argentina9091,5002742,683
Philippines3472,290-2,637
Turkiye1,507-1671,674
Morocco1256785841,387
Jordan1437004821,325
Romania190975741,239
Mexico91,000-1,009
Angola4924991992
Egypt, Arab Republic of254500219973
Ecuador221700-921
Colombia10375040893
Nigeria-748128876
Brazil26858126875
China480-285765
Kazakhstan203542-745
Indonesia450-143593
Dominican Republic3440058492
Pakistan359-30389
Uzbekistan123260-383
Tunisia290-25315
Cameroon90215-305
Guatemala24250-274
Lebanon269--269
Jamaica13150-163
El Salvador141--141
Poland--130130
Eswatini30100-130
Armenia2697-123
Georgia113--113
Bolivia112--112
Peru112--112
Iraq107--107
Montenegro1284-96
Serbia64-1579
Panama1068-78
Kenya76--76
Croatia70--70
Moldova2041-61
Bosnia and Herzegovina57--57
Albania40-1555
North Macedonia47--47
Sri Lanka46--46
Viet Nam45--45
Azerbaijan43--43
Congo, Republic of35-641
Gabon37--37
Paraguay35--35
Seychelles115319
Chile--1717
Mongolia16--16
Uruguay11--11
Botswana10--10
Fiji7--7
Belize7--7
Suriname5--5
Cabo Verde2--2
Cote d'Ivoire2--2
South Africa1--1
Papua New Guinea1--1
  • Expressed in millions of U.S. dollars.
  • IPF - Investment Project Financing, DPF - Development Policy Financing, PforR - Program-for-Results

Net Disbursements
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Expressed in millions of U.S. dollars
 FY25FY24
Net Disbursements14,79420,115
  • Expressed in millions of U.S. dollars.