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 30,2024June 30,2023June 30,2022June 30,2021June 30,2020
Assets
Due from Banks4905474792,3471,870
Investments82,80779,27781,82087,90484,161
Derivative assets, net4562718043,3553,744
Net loans outstanding260,236241,041227,092218,799202,158
Other assets12,62311,5057,3474,8964,871
Total Assets356,612332,641317,542317,301296,804
Liabilities
Borrowings261,790237,265235,173260,076243,240
Derivative liabilities, net22,72826,89320,0411,2221,473
Other liabilities8,6108,1017,0087,92511,704
Equity63,48460,38255,32048,07840,387
Total Liabilities and Equity356,612332,641317,542317,301296,804
  • Expressed in millions of U.S. dollars.

Summary of Allocable Income
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For the period/fiscal year endedJune 30,2024June 30,2023June 30,2022June 30,2021June 30,2020
Revenue on interest earning assets
Loan interest revenue, net of funding costs4,8743,8741,8921,7542,149
Other ALM derivatives, net(1,726)(850)583604161
Investment revenue, net of funding costs61188(3)86104
Total revenue on interest earning assets, net3,2093,2122,4722,4442,414
Provision for losses on loans and other exposures - (charge) / release(94)(683)(562)(147)(23)
Net non-interest expenses(1,436)(1,459)(1,455)(1,384)(1,296)
Net pension cost, other than service cost194205280(11)57
Net other revenue280218103295226
Adjustments to reconcile net (loss) income to Allocable Income(304)(181)(32)513
Allocable income1,8491,3128061,2481,381
Allocated as follows:
Board of Executive Directors' approval
General reserve834921589874950
Board of Governors' (BOG) approval-----
Transfers to IDA515291117274-
Transfers to Surplus500100100100431
  • Expressed in millions of U.S. dollars.

Key Ratio (Percent)

As ofJune 30,2024June 30,2023June 30,2022June 30,2021June 30,2020
Equity-to-Loans Ratio21.5%22.0%22.0%22.6%22.8%

Net Commitments
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 FY24FY23
Investment Project Financing (IPF)14,52617,359
Development Policy Financing (DPF)15,89614,038
Program-for-Results (PforR)7,1467,175
Total37,56838,572
  • 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
AFEFY247391,8753002,914
FY231,1891,175-2,364
AFWFY241907857501,725
FY2370-494564
EAPFY242,7882,8501,1506,788
FY232,0862,3502,2006,636
ECAFY245,8482,6408149,302
FY236,8923,13014010,162
LCRFY243,9364,7777509,463
FY233,4885,4908509,828
MNAFY245481,5002,1854,233
FY232,4514501,7964,697
SARFY244771,4691,1973,143
FY231,1831,4431,6954,321
  • 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
Ukraine2,5861,500-4,086
Turkiye2,527-6643,191
Indonesia1,6281,0004003,028
India2771,4691,1972,943
Philippines5001,850-2,350
Brazil1,241677-1,918
Morocco-5001,2501,750
Nigeria-7507501,500
Jordan-3009351,235
China300-7501,050
Colombia-7503001,050
South Africa-1,000-1,000
Mexico-1,000-1,000
Dominican Republic455400-855
Kenya-850-850
Peru100750-850
Ecuador290500-790
Angola450-300750
Argentina700--700
Egypt, Arab Republic of-700-700
Kazakhstan92600-692
Tunisia520--520
Chile--450450
Bolivia394--394
Panama40350-390
Uruguay16350-366
Viet Nam360--360
Costa Rica350--350
Uzbekistan12300-312
El Salvador300--300
Armenia-100150250
Moldova19040-230
Pakistan200--200
Mauritius184--184
North Macedonia64100-164
Congo, Republic of10035-135
Croatia122--122
Namibia100--100
Gabon90--90
Albania80--80
Serbia75--75
Bosnia and Herzegovina65--65
Jamaica50--50
Georgia35--35
Seychelles525-30
Lebanon28--28
  • 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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 FY24FY23
Investment Project Financing (IPF)12,99610,822
Development Policy Financing (DPF)17,02411,955
Program-for-Results (PforR)3,4302,727
Total33,45025,504
  • Expressed in millions of U.S. dollars.

Gross Disbursements by Region
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For the period/fiscal year ended
IPFDPFPforRTotal
AFEFY246012,525-3,126
FY236601,02551,690
AFWFY24195378240
FY23161--161
EAPFY241,5593,3775565,492
FY231,8312,0524674,350
ECAFY245,7104,58228210,574
FY233,2131,3892314,833
LCRFY241,9454,0862746,305
FY231,7126,1453598,216
MNAFY241,2939731,0663,332
FY231,5544879232,964
SARFY241,6931,4441,2444,381
FY231,6918577423,290
  • 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
Ukraine3,2702,901-6,171
India1,3311,4441,1873,962
Indonesia5712,0254593,055
Morocco1239737091,805
Philippines3771,352-1,729
Turkiye1,405--1,405
Ecuador547500-1,047
Angola523500-1,023
South Africa81,000-1,008
Romania117638206961
Colombia10375030883
Kenya7850-857
Peru106750-856
Mexico15700-715
Argentina473-207680
China514-97611
Panama109500-609
Jordan307-267574
Uzbekistan212300-512
Brazil29513536466
Egypt, Arab Republic of332-79411
Dominican Republic84011410
Uruguay10350-360
Pakistan248-53301
Georgia1495067266
Tunisia253-11264
Serbia75161-236
Botswana32150-182
Albania431239175
Lebanon154--154
North Macedonia48104-152
Kazakhstan149--149
Armenia44104-148
Bosnia and Herzegovina36100-136
Cameroon125--125
Iraq124--124
Sri Lanka114-4118
Moldova13101-114
El Salvador90--90
Viet Nam83--83
Bolivia82--82
Congo, Republic of2236866
Azerbaijan61--61
Croatia51--51
Paraguay48--48
Cote d'Ivoire39--39
Poland33--33
Eswatini30--30
Seychelles125-26
Guatemala22--22
Montenegro15--15
Suriname13--13
Jamaica9--9
Trinidad and Tobago8--8
Gabon8--8
Fiji6--6
Mongolia5--5
Costa Rica4--4
Papua New Guinea3--3
Belize2--2
Grenada1--1
Cabo Verde1--1
Nigeria-1-1
Belarus(11)--(11)
  • 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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 FY24FY23
Net Disbursements20,11512,736
  • Expressed in millions of U.S. dollars.