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 ofMarch 31,2026June 30,2025June 30,2024June 30,2023June 30,2022
Assets
Due from Banks547485490547479
Investments95,781102,68882,80779,27781,820
Derivative assets, net408666456271804
Net loans outstanding283,617280,043260,236241,041227,092
Other assets20,36815,62912,62311,5057,347
Total Assets400,721399,511356,612332,641317,542
Liabilities
Borrowings306,860306,161261,790237,265235,173
Derivative liabilities, net10,98412,45422,72826,89320,041
Other liabilities10,5358,8848,6108,1017,008
Equity72,34272,01263,48460,38255,320
Total Liabilities and Equity400,721399,511356,612332,641317,542
  • Expressed in millions of U.S. dollars.

Summary of Allocable Income
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For the period/fiscal year endedMarch 31,2026June 30,2025June 30,2024June 30,2023June 30,2022
Revenue on interest earning assets
Loan interest revenue, net of borrowing expenses3,5064,8214,8743,8741,892
Other asset / liability management (ALM) derivatives, net(645)(1,293)(1,726)(850)583
Investment revenue, net of borrowing expenses506561188(3)
Total revenue on interest earning assets, net2,9113,5933,2093,2122,472
Provision for losses on loans and other exposures(232)75(94)(683)(562)
Net non-interest expenses(1,156)(1,582)(1,434)(1,459)(1,455)
Adjustments to reconcile net (loss) income to Allocable Income---(181)(32)
Net pension cost, other than service cost---205280
Commitment charges98152149--
Non-interest expenses - Other(26)(24)(23)--
Net other revenue---218103
Non-interest revenue - Other, net9117042--
Allocable income1,6862,3841,8491,312806
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 ofMarch 31,2026June 30,2025June 30,2024June 30,2023June 30,2022
Equity-to-Loans Ratio21.4%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)16,52712,946
Development Policy Financing (DPF)9,59311,091
Program-for-Results (PforR)6,9303,685
Total33,05027,723
  • 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
AFEFY261,2479909253,162
FY25789515-1,304
AFWFY266091-610
FY25-744-744
EAPFY261,4148001,5003,714
FY252,0301,550-3,580
ECAFY266,4732,0737359,281
FY254,6972,9031,2978,897
LCRFY263,7415,7301,07110,542
FY253,6774,3795008,556
MENAAPFY26931-3371,267
FY259671,0009002,868
SARFY262,113-2,3624,474
FY25786-9881,774
  • 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
Turkiye4,637--4,637
India1,898-2,3624,260
Brazil1,4941,7581203,372
Philippines7008001,0002,500
Angola734990-1,724
Kazakhstan846600-1,446
South Africa339-9251,264
Uzbekistan3005084001,208
Ecuador-1,100-1,100
Panama-1,100-1,100
El Salvador117350501968
Peru400500-900
Indonesia350-500850
Argentina450-300750
Romania-650-650
Colombia530-100630
Mexico500--500
Guatemala50430-480
Tunisia423-50473
Armenia250200-450
Nigeria400--400
Pakistan158-197355
Lebanon350--350
Ukraine--335335
Costa Rica-300-300
Bhutan215--214
Bolivia201--201
Bosnia and Herzegovina177(1)-176
Paraguay-150-150
Gabon149--149
Viet Nam145--145
Thailand141--141
Kenya125--125
Montenegro117--117
Croatia-116-116
Serbia106--106
Jordan--9090
Mongolia78--78
Congo, Republic of60--60
Barbados--5050
Jamaica-42-42
Botswana40--40
Georgia40--40
Seychelles9--9
Central Africa----
Equatorial Guinea----
Yemen, Republic of----
  • 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)6,4477,088
Development Policy Financing (DPF)8,63110,985
Program-for-Results (PforR)3,5214,028
Total18,59922,102
  • 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
AFEFY261931,49971,699
FY252545153772
AFWFY266619103188
FY257974818845
EAPFY261,2372,1025653,904
FY251,0021,4893792,870
ECAFY261,9361,0067153,657
FY252,4992,9551,4736,927
LCRFY261,5024,0054415,948
FY251,5983,5093735,480
MENAAPFY261,062-8231,885
FY251,0323009722,304
SARFY26451-8661,318
FY256241,4698112,904
  • 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
Indonesia4351,6051572,197
Brazil5291,06971,605
South Africa-1,500-1,500
India418-8661,284
Turkiye1,195-691,264
Ecuador81900-981
Philippines436498-934
Argentina577-311888
Colombia5970085844
China332-408740
Uzbekistan10250863673
Morocco99-419518
Costa Rica8500-508
Panama3500-503
Ukraine9858308464
Jordan81-330411
Pakistan336-14350
Egypt, Arab Republic of256-61317
Serbia6918130280
El Salvador17251-268
Albania3513429198
Georgia57-108165
Romania142-18160
Angola141(1)5145
Tunisia123--123
Bosnia and Herzegovina2882-110
Lebanon105--105
Nigeria--9696
Jamaica384-87
Poland--8181
Kazakhstan74--74
Peru72--72
Croatia69--69
Iraq63--63
Moldova1343-56
Bolivia51--51
Chile1-3839
Paraguay38--38
Congo, Republic of919735
Gabon34--34
Sri Lanka33--33
Botswana31--31
North Macedonia25--25
Cameroon23--23
Viet Nam22--22
Dominican Republic191121
Eswatini20--20
Azerbaijan16--16
Barbados14--14
Armenia4-913
Mongolia12--12
Montenegro11--11
Uruguay9--9
Belize9--9
Guatemala8--8
Suriname4--4
Mauritius1--1
Nepal---1
Equatorial Guinea----
Malawi----
Burundi----
Namibia----
Yemen, Republic of----
Iran, Islamic Republic of(1)--(1)
  • 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 Disbursements5,21011,907
  • Expressed in millions of U.S. dollars.