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 ofDecember 31,2024June 30,2024June 30,2023June 30,2022June 30,2021
Assets
Due from Banks4964905474792,347
Investments89,06582,80779,27781,82087,904
Derivative assets, net3904562718043,355
Net loans outstanding268,961260,236241,041227,092218,799
Other assets13,41112,62311,5057,3474,896
Total Assets372,323356,612332,641317,542317,301
Liabilities
Borrowings280,035261,790237,265235,173260,076
Derivative liabilities, net19,38822,72826,89320,0411,222
Other liabilities8,1828,6108,1017,0087,925
Equity64,71863,48460,38255,32048,078
Total Liabilities and Equity372,323356,612332,641317,542317,301
  • Expressed in millions of U.S. dollars.

Summary of Allocable Income
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For the period/fiscal year endedDecember 31,2024June 30,2024June 30,2023June 30,2022June 30,2021
Revenue on interest earning assets
Loan interest revenue, net of funding costs2,4824,8743,8741,8921,754
Other ALM derivatives, net(761)(1,726)(850)583604
Investment revenue, net of funding costs1861188(3)86
Total revenue on interest earning assets, net1,7393,2093,2122,4722,444
Provision for losses on loans and other exposures - (charge) / release(193)(94)(683)(562)(147)
Net non-interest expenses(751)(1,436)(1,459)(1,455)(1,384)
Net pension cost, other than service cost86194205280(11)
Net other revenue63280218103295
Adjustments to reconcile net (loss) income to Allocable Income(59)(304)(181)(32)51
Allocable income8851,8491,3128061,248
Allocated as follows:
Board of Executive Directors' approval
General reserve834834921589874
Board of Governors' (BOG) approval-----
Transfers to IDA515515291117274
Transfers to Surplus500500100100100
  • Expressed in millions of U.S. dollars.

Key Ratio (Percent)

As ofDecember 31,2024June 30,2024June 30,2023June 30,2022June 30,2021
Equity-to-Loans Ratio21.1%21.5%22.0%22.0%22.6%

Net Commitments
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 FY25 YTDFY24 YTD
Investment Project Financing (IPF)8,6267,576
Development Policy Financing (DPF)5,8675,770
Program-for-Results (PforR)3,2051,650
Total17,69814,996
  • 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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For the period/fiscal year ended
IPFDPFPforRTotal
AFEFY25488515-1,003
FY243341,000-1,334
AFWFY25-544-544
FY24-35-35
EAPFY25987750-1,738
FY241,6142,1004004,114
ECAFY253,5192,5481,2177,283
FY242,936400-3,336
LCRFY252,3211,5105004,331
FY242,6461,7352004,581
MNAFY25320-500820
FY24-5006501,150
SARFY25991-9881,979
FY2446-400446
  • 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
For the period/fiscal year ended
IPFDPFPforRTotal
Ukraine6621,0511,2172,930
Argentina1,500-5002,000
Turkiye1,855--1,855
India751-9881,739
Romania-1,150-1,150
Philippines287750-1,038
Angola400500-900
Ecuador100700-800
Peru205500-705
Indonesia653--653
Kazakhstan650--650
Morocco70-500570
Cote d'Ivoire-544-544
Costa Rica200200-400
Brazil250110-360
Uzbekistan3260-263
Lebanon250--250
Pakistan240--240
Azerbaijan150--150
Serbia124--124
Montenegro3587-121
Botswana88--88
Barbados54--54
Mongolia47--47
Moldova40--40
Seychelles-15-15
Jamaica12--12
  • 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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 FY25 YTDFY24 YTD
Investment Project Financing (IPF)5,5187,648
Development Policy Financing (DPF)8,9439,509
Program-for-Results (PforR)3,229948
Total17,69018,105
  • Expressed in millions of U.S. dollars.

Gross Disbursements by Region
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For the period/fiscal year ended
IPFDPFPforRTotal
AFEFY25109500-609
FY24137500-637
AFWFY256474817829
FY2469-170
EAPFY258481,4893632,700
FY248672,7762003,842
ECAFY252,0152,9191,2366,171
FY244,0802,919757,075
LCRFY251,3111,5183533,183
FY241,2291,4022202,851
MNAFY256783009281,906
FY245074681581,134
SARFY254931,4693322,294
FY247591,4442942,497
  • Expressed in millions of U.S. dollars.
  • IPF - Investment Project Financing, DPF - Development Policy Financing, PforR - Program-for-Results
For the period/fiscal year ended
IPFDPFPforRTotal
Ukraine7181,0251,0742,817
India3321,4693312,132
Philippines2301,489-1,719
Argentina865-2741,139
Romania8987131992
Ecuador121700-821
Turkiye723-86809
Colombia16750-766
Nigeria-74817765
Jordan113300321734
Kazakhstan177542-718
Angola59500-559
Indonesia390-144534
China188-219407
Morocco8-366374
Uzbekistan51260-311
Egypt, Arab Republic of91-219310
Tunisia202-22224
Lebanon215--215
Pakistan135-1136
Brazil114-20134
Armenia2197-118
Montenegro583-88
Bolivia87--87
Panama868-76
Georgia65--65
Dominican Republic2-5760
Moldova1041-51
Iraq49--49
Serbia34-1549
Croatia40--40
Cameroon35--35
Viet Nam31--31
Peru31--31
Bosnia and Herzegovina29--29
Azerbaijan28--28
Albania11-1426
Sri Lanka26--26
Eswatini25--25
Gabon24--24
Paraguay20--20
El Salvador17--17
Poland--1616
Kenya15--15
North Macedonia14--14
Botswana10--10
Jamaica9--9
Guatemala7--7
Fiji7--7
Uruguay5--5
Belize5--5
Suriname3--3
Congo, Republic of3--3
Mexico3--3
Cote d'Ivoire2--2
Mongolia2--2
Chile--22
Costa Rica(2)--(2)
  • 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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 FY25 YTDFY24 YTD
Net Disbursements10,58411,000
  • Expressed in millions of U.S. dollars.