Financial Results

IBRD

Source Data
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 31,2025June 30,2025June 30,2024June 30,2023June 30,2022
Assets
Due from Banks550485490547479
Investments100,972102,68882,80779,27781,820
Derivative assets, net491666456271804
Net loans outstanding284,964280,043260,236241,041227,092
Other assets21,17515,62912,62311,5057,347
Total Assets408,152399,511356,612332,641317,542
Liabilities
Borrowings316,517306,161261,790237,265235,173
Derivative liabilities, net11,30012,45422,72826,89320,041
Other liabilities9,1208,8848,6108,1017,008
Equity71,21572,01263,48460,38255,320
Total Liabilities and Equity408,152399,511356,612332,641317,542
  • Expressed in millions of U.S. dollars.

Summary of Allocable Income
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For the period/fiscal year endedDecember 31,2025June 30,2025June 30,2024June 30,2023June 30,2022
Revenue on interest earning assets
Loan interest revenue, net of borrowing expenses2,3784,8214,8743,8741,892
Other ALM derivatives, net(478)(1,293)(1,726)(850)583
Investment revenue, net of borrowing expenses296561188(3)
Total revenue on interest earning assets, net1,9293,5933,2093,2122,472
Provision for losses on loans and other exposures(165)75(94)(683)(562)
Net non-interest expenses(785)(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 charges68152149--
Non-interest expenses - Other(15)(24)(23)--
Net other revenue---218103
Non-interest revenue - Other, net7517042--
Allocable income1,1072,3841,8491,312806
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 ofDecember 31,2025June 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)9,6768,626
Development Policy Financing (DPF)5,0155,867
Program-for-Results (PforR)4,1333,205
Total18,82417,698
  • 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
AFEFY26783-9251,708
FY25488515-1,003
AFWFY26460--460
FY25-544-544
EAPFY261,414-5001,914
FY25987750-1,737
ECAFY263,1816237354,539
FY253,5192,5481,2177,284
LCRFY262,7864,3925207,698
FY252,3211,5105004,331
MENAAPFY26--287287
FY25560-5001,060
SARFY261,052-1,1662,218
FY25751-9881,739
  • 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)".

Net Commitments by Country
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Expressed in millions of U.S. dollars
For the period/fiscal year ended
IPFDPFPforRTotal
Turkiye2,637--2,637
India1,052-1,1662,218
Brazil1,0409621202,122
Panama-1,100-1,100
Ecuador-1,100-1,100
Uzbekistan1005084001,008
South Africa--925925
Indonesia350-500850
Argentina450-300750
Angola734--734
Philippines700--700
Colombia530-100630
Mexico500--500
Guatemala50430-480
Nigeria400--400
El Salvador16350-366
Ukraine--335335
Costa Rica-300-300
Armenia250--250
Peru200--200
Pakistan--197197
Paraguay-150-150
Viet Nam145--145
Thailand141--141
Croatia-116-116
Serbia106--106
Jordan--9090
Mongolia78--78
Congo, Republic of60--60
Montenegro48--48
Botswana40--40
Georgia40--40
Seychelles9--9
Bosnia and Herzegovina-(1)-(1)
  • 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)4,3625,521
Development Policy Financing (DPF)7,1788,944
Program-for-Results (PforR)2,5253,225
Total14,06517,690
  • 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
AFEFY26881,500-1,588
FY25109500-609
AFWFY26311956106
FY256474817829
EAPFY268392,1035473,489
FY258501,4893612,700
ECAFY261,3829915362,909
FY252,0152,9201,2356,170
LCRFY261,0092,5654324,006
FY251,3111,5183533,182
MENAAPFY26757-4811,238
FY258133009292,042
SARFY26256-473729
FY253591,4693302,158
  • 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)".

Gross Disbursements by Country
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Expressed in millions of U.S. dollars
For the period/fiscal year ended
IPFDPFPforRTotal
Indonesia2801,6051572,042
South Africa-1,500-1,500
Ecuador69900-969
Turkiye813-69882
Argentina541-311852
Colombia5570085840
Philippines290498-788
India243-473716
China260-390650
Uzbekistan83508-591
Costa Rica6500-506
Ukraine8343295421
Morocco70-303373
Brazil156172(2)326
Serbia5018130261
El Salvador10251-261
Egypt, Arab Republic of206-15221
Pakistan200-14214
Jordan45-149194
Albania3113425190
Georgia39-108147
Tunisia109--109
Bosnia and Herzegovina2382-105
Romania99--99
Lebanon91--91
Kazakhstan70--70
Peru60--60
Angola53--53
Moldova943-52
Nigeria--4848
Croatia44--44
Jamaica242-44
Bolivia43--43
Chile1-3738
Paraguay38--38
Iraq37--37
Congo, Republic of619833
Botswana23--23
North Macedonia20--20
Cameroon18--18
Sri Lanka13--13
Eswatini12--12
Armenia3-912
Viet Nam9--9
Montenegro8--8
Belize8--8
Guatemala8--8
Azerbaijan7--7
Dominican Republic6-17
Gabon7--7
Uruguay5--5
Suriname3--3
Iran, Islamic Republic of(1)--(1)
Panama(2)--(2)
  • 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 Disbursements4,86010,584
  • Expressed in millions of U.S. dollars.
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