IBRD Funding Program | World Bank Bonds

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Sustainable Development Bonds

IBRD Investor Presentation

The IBRD Investor Presentation document provides an overview of IDA's financial performance, strategic priorities, and investment opportunities for potential investors.

IMPACT REPORT

The World Bank Impact Report

The 2024 World Bank Impact Report is focused on IBRD Sustainable Development Bonds and Green Bonds, and the IBRD-financed projects supported by these bonds in FY24 (July 1, 2023, to June 30, 2024).

Why Invest?
Benchmark & Global
Non-Core Currency
Structured Notes and Callable

The World Bank works in every major area of development in partnership with member governments to find sustainable solutions to local and global development challenges. World Bank Sustainable Development Bonds support the financing of a combination of green and social, i.e. “sustainable development”, projects, programs, and activities in member countries.
In FY25, the World Bank issued US$64.17 billion in bonds in 18 different currencies and 358 transactions to support the financing of sustainable development projects and programs.
Each project is designed intentionally to achieve both positive social and environmental impacts and outcomes in line with the World Bank Group’s twin goals of eliminating extreme poverty and promoting shared prosperity and the Sustainable Development Goals.

Investors benefit from investing in global and benchmark bonds because of IBRD's credit quality, liquidity and portfolio opportunities.

Typical Terms of World Bank (IBRD) Global Bonds (USD or EURO)

Average Summary and Conditions
Issue Size	2-4 billion
Maturity	2, 5, 7, 10 or 30 years
Coupon	Fixed, 30/360, semiannual
Denomination	1,000 or multiples thereof
Listing	Luxembourg
Form of Notes	Registered, Fed Bookentry notes (only USD)
Clearing	Euroclear, Clearstream, Fedwire (only USD)
Governing of Law	New York (for USD), English (for EUR)

World Bank (IBRD) bonds in non-core currencies offer quality credit and portfolio diversification opportunities for investors interested in the emerging markets and European accession countries. Benefits include:
AAA/Aaa issuer credit rating
Portfolio diversification opportunity for suitable portfolios
Local currency exposure, often with clearing mechanisms, listing, and governing law that are familiar to international investors.
Typical Features of World Bank (IBRD) Eurobonds in Non-Core Currencies
Issuer: International Bank for Reconstruction and Development (IBRD)
Clearing and Settlement: Euroclear, Clearstream or DTC
Listing: Luxembourg
Governing Law: English/New York
Liquidity Backstop
Dealers in all World Bank bonds provide secondary markets in the notes that they underwrite. The World Bank may, at its discretion, buy back all or a portion of certain debt issues from approved dealers, subject to asset-liability constraints.
Structured Notes and Callable Bonds