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 ofSeptember 30,2025June 30,2025June 30,2024June 30,2023June 30,2022
Assets
Due from Banks404485490547479
Investments107,323102,68882,80779,27781,820
Derivative assets, net688666456271804
Net loans outstanding283,928280,043260,236241,041227,092
Other assets18,96915,62912,62311,5057,347
Total Assets411,312399,511356,612332,641317,542
Liabilities
Borrowings318,563306,161261,790237,265235,173
Derivative liabilities, net11,47612,45422,72826,89320,041
Other liabilities10,0748,8848,6108,1017,008
Equity71,19972,01263,48460,38255,320
Total Liabilities and Equity411,312399,511356,612332,641317,542
  • Expressed in millions of U.S. dollars.

Summary of Allocable Income
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For the period/fiscal year endedSeptember 30,2025June 30,2025June 30,2024June 30,2023June 30,2022
Revenue on interest earning assets
Loan interest revenue, net of borrowings expenses1,2064,8214,8743,8741,892
Other ALM derivatives, net(260)(1,293)(1,726)(850)583
Investment revenue, net of borrowings expenses246561188(3)
Total revenue on interest earning assets, net9703,5933,2093,2122,472
Provision for losses on loans and other exposures - (charge) / release(36)75(94)(683)(562)
Net non-interest expenses(403)(1,582)(1,434)(1,459)(1,455)
Commitment charges35152149--
Non-interest revenue - Other, net1017042--
Non-interest expenses - Other(6)(24)(23)--
Net pension cost, other than service cost---205280
Net other revenue---218103
Adjustments to reconcile net (loss) income to Allocable Income---(181)(32)
Allocable income5702,3841,8491,312806
Allocated as follows:
Board of Executive Directors' approval
General reserve-1,182834921589
Board of Governors' (BOG) approval-----
Transfers to IDA-782515291117
Transfers to Surplus-420500100100
  • Expressed in millions of U.S. dollars.

Key Ratio (Percent)

As ofSeptember 30,2025June 30,2025June 30,2024June 30,2023June 30,2022
Equity-to-Loans Ratio21.3%21.6%21.5%22.0%22.0%

Net Commitments
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Expressed in millions of U.S. dollars
 FY26 YTDFY25 YTD
Investment Project Financing (IPF)3,5472,372
Development Policy Financing (DPF)1,8152,960
Program-for-Results (PforR)1,135235
Total6,4975,567
  • 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
AFEFY26159--159
FY25488500-988
AFWFY26----
FY25----
EAPFY26923-5001,423
FY25653--653
ECAFY261,512-3351,847
FY259141,1502352,299
LCRFY267401,8153002,855
FY253171,310-1,627
MENAAPFY26----
FY25----
SARFY26213--213
FY25----
  • 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
  • There has been a change in name of the region from "Middle East and North Africa (MNA)" to "Middle East, North Africa, Afghanistan and Pakistan (MENAAP)".
Expressed in millions of U.S. dollars
For the period/fiscal year ended
IPFDPFPforRTotal
Turkiye1,358--1,358
Brazil490585-1,075
Philippines700--700
Indonesia--500500
Guatemala50430-480
El Salvador-350-350
Ukraine--335335
Argentina--300300
Costa Rica-300-300
India213--213
Peru200--200
Angola150--150
Paraguay-150-150
Viet Nam145--145
Serbia105--105
Mongolia78--78
Georgia40--40
Seychelles9--9
Montenegro9--9
  • 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
  • Country wise numbers may not tie up to total published numbers due to rounding differences.

Gross Disbursements
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Expressed in millions of U.S. dollars
 FY26 YTDFY25 YTD
Investment Project Financing (IPF)1,6561,776
Development Policy Financing (DPF)4,6334,024
Program-for-Results (PforR)904669
Total7,1936,469
  • 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
AFEFY26251,500-1,525
FY2524--24
AFWFY2625191155
FY2521-122
EAPFY263701,6052972,272
FY253837821171,282
ECAFY2650286184772
FY254842318525
LCRFY262541,4231391,816
FY252181,450661,734
MENAAPFY26370-241611
FY254713003331,104
SARFY26110-32142
FY251751,4691341,778
  • Expressed in millions of U.S. dollars.
  • IPF - Investment Project Financing, DPF - Development Policy Financing, PforR - Program-for-Results
  • There has been a change in name of the region from "Middle East and North Africa (MNA)" to "Middle East, North Africa, Afghanistan and Pakistan (MENAAP)".
Expressed in millions of U.S. dollars
For the period/fiscal year ended
IPFDPFPforRTotal
Indonesia1881,605901,883
South Africa-1,500-1,500
Colombia107002712
Costa Rica-500-500
Turkiye274-50324
Argentina137-135272
China64-207271
El Salvador4251-255
Morocco58-115173
Jordan30-112142
India100-32132
Pakistan118-14132
Georgia23-108131
Philippines116--116
Lebanon87--87
Ukraine3943-82
Moldova643-49
Romania39--39
Uzbekistan38--38
Serbia23-1538
Egypt, Arab Republic of34--34
Albania18-1129
Tunisia26--26
Congo, Republic of319224
Angola24--24
Peru23--23
Bolivia22--22
Iraq18--18
Cameroon15--15
Kazakhstan14--14
Sri Lanka10--10
Nigeria--99
Ecuador9--9
Bosnia and Herzegovina8--8
Gabon7--7
North Macedonia7--7
Belize7--7
Croatia6--6
Brazil35(28)(2)5
Dominican Republic4-15
Montenegro4--4
Chile1-34
Azerbaijan3--3
Uruguay3--3
Viet Nam2--2
Paraguay2--2
Eswatini1--1
Iran, Islamic Republic of(1)--(1)
Panama(3)--(3)
  • Expressed in millions of U.S. dollars.
  • IPF - Investment Project Financing, DPF - Development Policy Financing, PforR - Program-for-Results
  • Country wise numbers may not tie up to total published numbers due to rounding differences.

Net Disbursements
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Expressed in millions of U.S. dollars
 FY26 YTDFY25 YTD
Net Disbursements3,7753,672
  • Expressed in millions of U.S. dollars.