CINXE.COM
Sustainable Development Bonds
<!DOCTYPE html> <html lang="en"> <head> <meta http-equiv="X-UA-Compatible" content="IE=edge" /> <link rel="shortcut icon" href="/content/dam/wbr-redesign/logos/wbg-favicon.png" type="image/png"/> <meta name="viewport" content="width=device-width"/> <meta charset="utf-8" /> <title>Sustainable Development Bonds</title> <meta name="keywords" content="Treasury, Capital Markets"/> <meta name="description" content="Video"/> <meta name="language" content="en"/> <meta property="og:title" content="Sustainable Development Bonds"/> <meta property="og:site_name" content="World Bank"/> <meta property="og:description" content="Video"/> <meta property="og:type" content="article"/> <meta property="og:test" content="https://www.worldbank.org/content/dam/wbr/share-logo/social-share.jpg"/> <meta property="og:image:type" content="image/jpg" /> <meta property="og:image:width" content="1200" /> <meta property="og:image:height" content="630" /> <meta property="og:image" content="https://www.worldbank.org/content/dam/wbr/share-logo/social-share.jpg"/> <meta property="og:url" content="https://treasury.worldbank.org/en/about/unit/treasury/ibrd"/> <meta name="twitter:card" content="summary"/> <meta name="twitter:site" content="World Bank"/> <meta name="twitter:title" content="Sustainable Development Bonds"/> <meta name="twitter:description" content="Video"/> <meta name="twitter:image:src" content="https://www.worldbank.org/content/dam/wbr/share-logo/social-share.jpg"/> <meta name="dcterms.title" content="Sustainable Development Bonds" /> <meta name="dcterms.type" content="Text/HTML" /> <meta name="dcterms.identifier" content="https://treasury.worldbank.org/en/about/unit/treasury/ibrd"/> <meta name="dcterms.language" content="en" /> <link rel="canonical" href='https://treasury.worldbank.org/en/about/unit/treasury/ibrd'/> <link rel="stylesheet" href="/etc/designs/wbrrdesign/clientlibs-wbrredsign.css" type="text/css"> <link rel="stylesheet" href="/etc/designs/wbrrdesign/clientlibs-wbrredsign/css/loop-icon.css" type="text/css"> <link href="//fonts.googleapis.com/css?family=Open+Sans:300,300i,400,400i,600,600i,700,700i,800,800i&subset=cyrillic,cyrillic-ext,greek,greek-ext,latin-ext,vietnamese" rel='stylesheet' type='text/css'/> <link href="/etc/designs/wbrrdesign/clientlibs-wbrredsign/css/print.css" rel='stylesheet' type='text/css' media="print"> <script src="/etc/designs/wbrrdesign/clientlibs-wbrredsign/js/jquery-3.6.0.min.js"></script> <script src="/etc/designs/wbr/components/wbgajax.js"></script> <script src="//assets.adobedtm.com/223f6e2cf7c9/3eb6c9b72a93/launch-7bc0cdc67098.min.js" async></script> </head> <body> <div id="wbg-aem-target" class="wbg-aem-target"></div> <input type="hidden" name="wcmmode" class="WCMmode" value="DISABLED"> <div data-ajax-component-wbg data-url="/wbg/aem/service/liveeventservicespring" data-ajax-query-parameters='language=en&pageName=/wb-home/en/about/unit/treasury/ibrd' ></div> <link href="/etc/designs/wbr/clientlibs/css/home-banner.css" type="text/css" rel="stylesheet"> <script> function wb_survey_yes(url) { wb_note_setcookie('wb_note','1',1); $('#survey').hide(); window.open(url,'_blank'); } function wb_note_setcookie(cname, cvalue, exdays) { var d = new Date(); d.setTime(d.getTime() + (exdays*24*60*60*1000)); var expires = "expires="+d.toUTCString(); document.cookie = cname + "=" + cvalue + "; " + expires; } function wb_close() { document.getElementById('wb_banner').style.display = 'none'; wb_banner_setcookie("wb_banner","1",1); }; </script> <script>jQuery(document).ready(function($) { var wb_note = document.cookie.replace(/(?:(?:^|.*;\s*)wb_note\s*\=\s*([^;]*).*$)|^.*$/, '$1'); if(wb_note != 1) { $("#banner").show(); $('.delete_icon a').click(function() { wb_note_setcookie('wb_note','1',1); $('#banner').hide(); }); } });</script> <header> <a tabindex="0" id="skip-to-main-content" class="visually-hidden focusable" href="#main">Skip to Main Navigation</a> <div class="lp__navbar lp__navbar_default "> <div class="container"> <div class="lp__navbar_header"> <a href="https://www.worldbank.org" class="lp__navbar_brand"><img title="The World Bank Group logo" alt="The World Bank Group logo" src="/content/dam/sites/academy/img/2024/wbglogo.svg" class="img-responsive"> </a> </div> <div class="lp__menuButton"> <button type="button" class="lp__navbar_toggle collapsed" data-toggle="collapse" data-target="#menuItems" aria-expanded="false" aria-controls="menuItems" aria-label="menu"> </button> </div> <!-- End toggle menu Section --> <div class="lp__menulist_wrappper visible-sm visible-xs visible-md"> <div class="lp__navbar_collapse collapse lp__megamenu" id="menuItems"> <nav> <div class="header-search-section"> <form name="hiddensearch" id="globalsearchId-mob" action="" method="get" style="display:none" aria-hidden="true"> <input id="global_search-mob" type="hidden" name="q" title="searchtexthidden1"> </form> <label for="mobile-globalsearch" class="sr-only">Global Search</label> <form role="search" class="input-group" name="searchbox" onsubmit="javascript:return submit_search_form();"> <input type="text" id="mobile-globalsearch" placeholder="Search worldbank.org" class="search-input-field-1 global_search_form_mobile" name="qterm_test" title=""> <button type="submit" title="Search" class="search-submit-icon" onclick="javascript:submit_search_form();"><span class="sr-only" aria-hidden="true">Search button</span> </button> </form> </div> <ul> <li class="lp__megamenu_list"> <a href="/en/who-we-are" class="lp__megamenu_item">WHO WE ARE</a> <div class="lp__megamenu_blurb">Leadership, organization, and history</div> </li> <li class="lp__megamenu_list"> <a href="/en/what-we-do" class="lp__megamenu_item">WHAT WE DO</a> <div class="lp__megamenu_blurb">Projects, products, and services</div> </li> <li class="lp__megamenu_list"> <a href="/en/where-we-work" class="lp__megamenu_item">WHERE WE WORK</a> <div class="lp__megamenu_blurb">Countries and regions</div> </li> <li class="lp__megamenu_list"> <a href="/en/understanding-poverty" class="lp__megamenu_item">UNDERSTANDING POVERTY</a> <div class="lp__megamenu_blurb">Global data and statistics, research and publications, and topics in poverty and development</div> </li> <li class="lp__megamenu_list"> <a href="/en/work-with-us" class="lp__megamenu_item">WORK WITH US</a> <div class="lp__megamenu_blurb">Jobs, procurement, training, and events</div> </li> <li class="lp__megamenu_list"> <a href="https://www.worldbank.org/en/news" class="lp__megamenu_item">News</a> </li> <li class="lp__megamenu_list"> <a href="https://live.worldbank.org?intcid=wbw_nav_WBL_en_ext" class="lp__covidmenu_item"><img src="/content/dam/sites/corporate/img/global/wblive-logo-ENG-short_white2.png" alt="WB Live" class="img-responsive" width="75"></a> <div class="lp__megamenu_blurb"><a href="https://live.worldbank.org">The World Bank’s digital platform for live-streaming</a></div> </li> </ul> </nav> </div> </div> <div class="lp__menulist_wrappper lp__megamenu hidden-sm hidden-xs hidden-md"> <nav class="megamenu"> <ul class="lp__navbar_nav" id="lp__megamenu"> <li class="lp__megamenu_list"> <a href="/en/who-we-are" class="lp__megamenu_item" aria-label="who we are">WHO WE ARE</a> <div class="lp__megamenu_dropdown hidden-xs hidden-sm"> <div class="container"> <div class="row"> <div class="col-lg-4 col-md-4 col-sm-12"> <div class="lp__megamenu_left_col"> <div class="lp__megamenu_img"> <img class="img-responsive" src="https://worldbank.scene7.com/is/image/worldbankprod/who-we-are" alt="megamenu-image-1" title="who we are" tabindex="0"> </div> <p class="lp__megamenu_blurb" tabindex="0">With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. </p> </div> </div><!--end left column--> <div class="col-lg-8 col-md-8 col-sm-12"> <div class="lp__megamenu_right_col row"> <div class="lp__megamenu_sublist col-lg-4 col-md-4 col-sm-4"> <div class="h5" role="heading" aria-level="2" tabindex="0">About the World Bank</div> <ul> <li><a href="https://www.worldbank.org/en/about/what-we-do">Overview</a></li> <li><a href="https://www.worldbank.org/en/about/leadership">Organization</a></li> <li><a href="https://www.worldbank.org/en/about/partners">Partners</a></li> <li><a href="https://www.worldbank.org/en/archive/history">History</a></li> <li><a href="https://www.worldbank.org/en/about/archives">Archives</a></li> <li><a href="https://www.worldbank.org/en/news/statement/2021/11/11/world-bank-group-anti-racism-charter">Anti-Racism Charter</a></li> </ul> </div><!-- end col --> <div class="lp__megamenu_sublist col-lg-4 col-md-4 col-sm-4"> <div class="h5" role="heading" aria-level="2" tabindex="0">Accountability</div> <ul> <li><a href="https://www.worldbank.org/en/about/annual-report">Annual Reports</a></li> <li><a href="https://www.worldbank.org/en/access-to-information">Access to Information</a></li> <li><a href="https://www.worldbank.org/en/programs/accountability">Accountability Mechanism</a></li> <li><a href="https://scorecard.worldbank.org/">World Bank Group Scorecard</a></li> <li><a href="https://www.worldbank.org/en/programs/accountability/data-privacy">Data Privacy</a></li> <li><a href="https://financesone.worldbank.org/">World Bank Group Finances One</a></li> <li><a href="https://www.worldbank.org/en/about/unit/integrity-vice-presidency">Integrity Vice Presidency</a></li> <li><a href="https://www.inspectionpanel.org/">Inspection Panel</a></li> <li><a href="https://www.worldbank.org/en/projects-operations/products-and-services/grievance-redress-service">Grievance Redress Service</a></li> <li><a href="https://ieg.worldbankgroup.org/">Independent Evaluation Group</a></li> <li><a href="https://www.cao-ombudsman.org/">Compliance Advisor Ombudsman</a></li> <li><a href="https://policies.worldbank.org/sites/PPF3/Pages/PPFHome.aspx">Policies and Procedures</a></li> <li><a href="https://www.worldbank.org/en/about/unit/sanctions-system">Sanctions System</a></li> </ul> </div><!-- end col --> <div class="lp__megamenu_sublist col-lg-4 col-md-4 col-sm-4"> <div class="h5" role="heading" aria-level="2" tabindex="0">Experts And Leaders</div> <ul> <li><a href="https://www.worldbank.org/en/about/president">Office of the President</a></li> <li><a href="https://www.worldbank.org/en/about/leadership/governors">Boards of Governors</a></li> <li><a href="https://www.worldbank.org/en/about/leadership/directors">Boards of Directors</a></li> <li><a href="https://www.worldbank.org/en/about/leadership/managers">Leadership</a></li> <li><a href="https://www.worldbank.org/en/about/people/all">Experts</a></li> </ul> </div> <div class="col-lg-12 col-md-12 col-sm-12"> <hr> <ul> <li> <a href="https://www.worldbank.org/en/news" class="lp__megamenu_highlight_cta">News</a> </li> </ul> </div> </div><!-- end col --> </div> </div> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/what-we-do" class="lp__megamenu_item" aria-label="what we do">WHAT WE DO</a> <div class="lp__megamenu_dropdown hidden-xs hidden-sm"> <div class="container"> <div class="row"> <div class="col-lg-4 col-md-4 col-sm-12"> <div class="lp__megamenu_left_col"> <div class="lp__megamenu_img"> <img class="img-responsive" src="https://worldbank.scene7.com/is/image/worldbankprod/what-we-do" alt="megamenu-image-1" title="what we do" tabindex="0"> </div> <p class="lp__megamenu_blurb" tabindex="0">The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face.</p> </div> </div><!--end left column--> <div class="col-lg-8 col-md-8 col-sm-12"> <div class="lp__megamenu_right_col row"> <div class="col-lg-7 col-md-7 col-sm-7"> <div class="row"> <div class="lp__megamenu_sublist col-lg-7 col-md-7 col-sm-7"> <div class="h5" role="heading" aria-level="2" tabindex="0">Development Projects</div> <ul> <li><a href="https://projects.worldbank.org"><span class="lp__megamenu_highlight_item">Projects</span></a></li> <li><a href="https://projects.worldbank.org/country?lang=en&page=">By Country</a></li> <li><a href="https://projects.worldbank.org/sector?lang=en&page=">By Sector</a></li> <li><a href="https://projects.worldbank.org/theme?lang=en&page=">By Theme</a></li> <li><a href="https://www.worldbank.org/en/projects-operations/country-strategies"><span class="lp__megamenu_highlight_item">Country Engagement</span></a></li> <li><a href="https://www.worldbank.org/en/projects-operations/environmental-and-social-policies">Environmental and Social Policies for Projects</a></li> <li><a href="https://www.worldbank.org/en/projects-operations/products-and-services1/Suppliers-Hub">Operations Procurement for IPF Projects</a></li> <li><a href="https://www.worldbank.org/en/results"><span class="lp__megamenu_highlight_item">Results</span></a></li> </ul> </div> <div class="lp__megamenu_sublist col-lg-5 col-md-5 col-sm-5"> <div class="h5" role="heading" aria-level="2" tabindex="0">Priorities</div> <ul> <li><a href="https://www.worldbank.org/en/topic/climatechange">Climate</a></li> <li><a href="https://www.worldbank.org/en/topic/agriculture/brief/food-security-update">Food Security</a></li> <li><a href="https://www.worldbank.org/en/publication/human-capital">Human Capital</a></li> <li ><a href="https://ida.worldbank.org/en/home">International Development Association (IDA)</a></li> <li ><a href="https://www.worldbank.org/en/who-we-are/news/coronavirus-covid19">COVID-19 Hub</a></li> </ul> </div> </div> </div> <div class="col-lg-5 col-md-5 col-sm-5"> <div class="row"> <div class="lp__megamenu_sublist col-lg-6 col-md-6 col-sm-6"> <div class="h5" role="heading" aria-level="2" tabindex="0">Knowledge</div> <ul> <li><a href="https://www.worldbank.org/en/research">Research & Publications</a></li> <li><a href="https://data.worldbank.org/">Data</a></li> <li><a href="https://olc.worldbank.org/">Learning</a></li> <li><a href="https://www.worldbank.org/en/topic">Development Topics</a></li> <li><a href="https://openknowledge.worldbank.org/">Open Knowledge Repository</a></li> <li><a href="https://www.worldbank.org/en/programs/trust-funds-and-programs">Trust Fund Directory</a></li> </ul> </div> <div class="lp__megamenu_sublist col-lg-6 col-md-6 col-sm-6"> <div class="h5" role="heading" aria-level="2" tabindex="0">Products & Services</div> <ul> <li><a href="https://www.worldbank.org/en/projects-operations/products-and-services">Financing Products & Advisory Services</a></li> <li><a href="https://treasury.worldbank.org/">Treasury</a></li> <li><a href="https://www.worldbank.org/assetmanagement">Asset Management</a></li> </ul> </div> </div> </div> </div><!-- end col --> </div> </div><!-- end col --> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/where-we-work" class="lp__megamenu_item" aria-label="where we work">WHERE WE WORK</a> <div class="lp__megamenu_dropdown hidden-xs hidden-sm"> <div class="container"> <div class="row"> <div class="col-lg-5 col-md-5 col-sm-12"> <div class="lp__megamenu_left_col padd-32"> <div class="header-search-section lp__countrysearch"> <div class="dropdown"> <label class="h5" for="search-country">Countries</label> <form data-csearch="https://www.worldbank.org/en/where-we-work" id="csearch" class="input-group" name="searchbox" onsubmit="javascript:WriteCookie();" method="get"> <input type="text" autocomplete="on" onfocus="clearField(this)" placeholder="Country Name..." class="search-input-field-1 search_form_where_we_work" id="search-country" name="usrname" title="search"> </form> <button type="button" class="lp__dropdown-toggle fa fa-angle-down" data-toggle="dropdown" aria-label="country dropdown"><span class="sr-only" aria-hidden="true">country dropdown</span></button> <ul class="tt-menu dropdown-menu"> <li class="tt-suggestion" data-original-index="0"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/afghanistan">Afghanistan</a> </li> <li class="tt-suggestion" data-original-index="1"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/albania">Albania</a> <ul><li lang="sq"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/sq/country/albania">shqip</a></li></ul> </li> <li class="tt-suggestion" data-original-index="2"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/algeria">Algeria</a> <ul> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/algeria">Français</a></li> <li lang="ar"><a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/algeria">عربي</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="3"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/angola">Angola</a> <ul> <li lang="pt"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/pt/country/angola">Português</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="4"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">Antigua and Barbuda</a> </li> <li class="tt-suggestion" data-original-index="5"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/argentina">Argentina</a> <ul> <li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/argentina">Español</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="6"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/armenia">Armenia</a> </li> <li class="tt-suggestion" data-original-index="180"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/australia">Australia</a> </li> <li class="tt-suggestion" data-original-index="7"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/austria">Austria</a> </li> <li class="tt-suggestion" data-original-index="8"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/azerbaijan">Azerbaijan</a> </li> <li class="tt-suggestion" data-original-index="9"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/gcc">Bahrain</a> </li> <li class="tt-suggestion" data-original-index="10"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/bangladesh">Bangladesh</a> </li> <li class="tt-suggestion" data-original-index="11"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/belarus">Belarus</a> <ul> <li lang="ru"><a class="lang-list dropdown-item tt-menu-list" href="https://www.vsemirnyjbank.org/ru/country/belarus">Русский</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="12"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/belgium">Belgium</a> <ul> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/belgium">Français</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="13"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">Belize</a> </li> <li class="tt-suggestion" data-original-index="14"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/benin">Benin</a> <ul> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/benin">Français</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="15"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/bhutan">Bhutan</a> </li> <li class="tt-suggestion" data-original-index="16"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/bolivia">Bolivia</a> <ul> <li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/bolivia">Español</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="17"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/bosniaandherzegovina">Bosnia and Herzegovina</a> </li> <li class="tt-suggestion" data-original-index="18"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/botswana">Botswana</a> </li> <li class="tt-suggestion" data-original-index="19"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/brazil">Brazil</a> <ul> <li lang="pt"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/pt/country/brazil">Português</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="20"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/bulgaria">Bulgaria</a> <ul> <li lang="bg"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/bg/country/bulgaria">Български</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="21"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/burkinafaso">Burkina Faso</a> <ul> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/burkinafaso">Français</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="22"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/burundi">Burundi</a> <ul> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/burundi">Français</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="23"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caboverde">Cabo Verde</a> <ul> <li lang="pt"> <a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/pt/country/caboverde">Português</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="24"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/cambodia">Cambodia</a> <ul> <li lang="km"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/km/country/cambodia">ភាសាខ្មែរ</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="25"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/cameroon">Cameroon</a> <ul> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/cameroon">Français</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="26"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/canada">Canada</a> <ul> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/canada">Français</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="27"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/centralafricanrepublic">Central African Republic</a> <ul> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/centralafricanrepublic">Français</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="28"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/chad">Chad</a> <ul> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/chad">Français</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="29"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/chile">Chile</a> <ul> <li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/chile">Español</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="30"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/china">China</a> <ul> <li lang="zh"><a class="lang-list dropdown-item tt-menu-list" href="https://www.shihang.org/zh/country/china">中文</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="31"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/colombia">Colombia</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/colombia">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="32"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/comoros">Comoros</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/comoros">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="33"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/drc">Democratic Republic of Congo</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/drc">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="34"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/congo">Republic of Congo</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/congo">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="35"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/costarica">Costa Rica</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/costarica">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="36"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/cotedivoire">Cote d'Ivoire</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/cotedivoire">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="37"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/croatia">Croatia</a> </li> <li class="tt-suggestion" data-original-index="38"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/eu">Czech Republic</a> </li> <li class="tt-suggestion" data-original-index="39"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/denmark">Denmark</a> </li> <li class="tt-suggestion" data-original-index="40"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/djibouti">Djibouti</a> </li> <li class="tt-suggestion" data-original-index="41"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">Dominica</a> </li> <li class="tt-suggestion" data-original-index="42"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/dominicanrepublic">Dominican Republic</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/dominicanrepublic">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="43"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/ecuador">Ecuador</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/ecuador">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="44"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/egypt">Egypt</a> <ul><li lang="ar"><a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/egypt">عربي</a></li></ul> </li> <li class="tt-suggestion" data-original-index="45"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/elsalvador">El Salvador</a> <ul><li lang="es"> <a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/elsalvador">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="46"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/equatorialguinea">Equatorial Guinea</a> </li> <li class="tt-suggestion" data-original-index="47"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/eritrea">Eritrea</a> </li> <li class="tt-suggestion" data-original-index="48"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/estonia">Estonia</a> </li> <li class="tt-suggestion" data-original-index="49"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/ethiopia">Ethiopia</a> </li> <li class="tt-suggestion" data-original-index="50"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/westerneurope">Europe (Western)</a> </li> <li class="tt-suggestion" data-original-index="51"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">Fiji</a> </li> <li class="tt-suggestion" data-original-index="52"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/finland">Finland</a> </li> <li class="tt-suggestion" data-original-index="53"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/france">France</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/france">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="54"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/gabon">Gabon</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/gabon">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="55"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/gambia">The Gambia</a> </li> <li class="tt-suggestion" data-original-index="56"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/georgia">Georgia</a> </li> <li class="tt-suggestion" data-original-index="57"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/germany">Germany</a> </li> <li class="tt-suggestion" data-original-index="58"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/ghana">Ghana</a> </li> <li class="tt-suggestion" data-original-index="59"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/greece">Greece</a> </li> <li class="tt-suggestion" data-original-index="60"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">Grenada</a> </li> <li class="tt-suggestion" data-original-index="61"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/guatemala">Guatemala</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/guatemala">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="62"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/guinea">Guinea</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/guinea">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="63"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/guineabissau">Guinea-Bissau</a> <ul><li lang="pt"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/pt/country/guineabissau">Português</a></li></ul> </li> <li class="tt-suggestion" data-original-index="64"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">Guyana</a> </li> <li class="tt-suggestion" data-original-index="65"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/haiti">Haiti</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/haiti">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="66"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/honduras">Honduras</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/honduras">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="67"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/eu">Hungary</a> </li> <li class="tt-suggestion" data-original-index="68"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/iceland">Iceland</a> </li> <li class="tt-suggestion" data-original-index="69"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/india">India</a> <ul><li lang="hi"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/hi/country/india">Hindi</a></li></ul> </li> <li class="tt-suggestion" data-original-index="70"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/indonesia">Indonesia</a> <ul><li lang="in"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/in/country/indonesia">Bahasa</a></li></ul> </li> <li class="tt-suggestion" data-original-index="71"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/iran">Iran</a> </li> <li class="tt-suggestion" data-original-index="72"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/iraq">Iraq</a> <ul><li lang="ar"><a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/iraq">عربي</a></li></ul> </li> <li class="tt-suggestion" data-original-index="73"> <a class="country-name dropdown-item tt-menu-list" href="https://data.worldbank.org/country/israel">Israel</a> </li> <li class="tt-suggestion" data-original-index="74"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/italy">Italy</a> </li> <li class="tt-suggestion" data-original-index="75"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/jamaica">Jamaica</a> </li> <li class="tt-suggestion" data-original-index="76"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/japan">Japan</a> <ul><li lang="ja"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/ja/country/japan">日本語</a></li></ul> </li> <li class="tt-suggestion" data-original-index="77"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/jordan">Jordan</a> <ul><li lang="ar"><a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/jordan">عربي</a></li></ul> </li> <li class="tt-suggestion" data-original-index="78"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/kazakhstan">Kazakhstan</a> <ul><li lang="ru"><a class="lang-list dropdown-item tt-menu-list" href="https://www.vsemirnyjbank.org/ru/country/kazakhstan">Русский</a></li></ul> </li> <li class="tt-suggestion" data-original-index="79"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/kenya">Kenya</a> </li> <li class="tt-suggestion" data-original-index="80"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">Kiribati</a> </li> <li class="tt-suggestion" data-original-index="81"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/korea">Korea</a> </li> <li class="tt-suggestion" data-original-index="82"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/kosovo">Kosovo</a> </li> <li class="tt-suggestion" data-original-index="83"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/gcc">Kuwait</a> </li> <li class="tt-suggestion" data-original-index="84"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/kyrgyzrepublic">Kyrgyz Republic</a> <ul><li lang="ru"><a class="lang-list dropdown-item tt-menu-list" href="https://www.vsemirnyjbank.org/ru/country/kyrgyzrepublic">Русский</a></li></ul> </li> <li class="tt-suggestion" data-original-index="85"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/lao">Lao PDR</a> </li> <li class="tt-suggestion" data-original-index="86"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/latvia">Latvia</a> </li> <li class="tt-suggestion" data-original-index="87"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/lebanon">Lebanon</a> <ul><li lang="ar"><a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/lebanon">عربي</a></li></ul> </li> <li class="tt-suggestion" data-original-index="88"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/lesotho">Lesotho</a> </li> <li class="tt-suggestion" data-original-index="89"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/liberia">Liberia</a> </li> <li class="tt-suggestion" data-original-index="90"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/libya">Libya</a> <ul><li lang="ar"> <a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/libya">عربي</a></li></ul> </li> <li class="tt-suggestion" data-original-index="91"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/lithuania">Lithuania</a> </li> <li class="tt-suggestion" data-original-index="92"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/luxembourg">Luxembourg</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/luxembourg">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="93"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/macedonia">FYR of Macedonia</a> <ul><li lang="mk"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/mk/country/macedonia">македонски</a></li></ul> </li> <li class="tt-suggestion" data-original-index="94"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/madagascar">Madagascar</a> <ul><li lang="fr"> <a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/madagascar">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="95"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/malawi">Malawi</a> </li> <li class="tt-suggestion" data-original-index="96"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/malaysia">Malaysia</a> </li> <li class="tt-suggestion" data-original-index="97"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/maldives">Maldives</a> </li> <li class="tt-suggestion" data-original-index="98"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/mali">Mali</a> <ul><li lang="fr"> <a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/mali">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="99"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">Marshall Islands</a> </li> <li class="tt-suggestion" data-original-index="100"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/mauritania">Mauritania</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/mauritania">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="101"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/mauritius">Mauritius</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/mauritius">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="102"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/mexico">Mexico</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/mexico">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="103"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">FS Micronesia</a> </li> <li class="tt-suggestion" data-original-index="104"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/moldova">Moldova</a> <ul><li lang="ro"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/ro/country/moldova">română</a></li></ul> </li> <li class="tt-suggestion" data-original-index="105"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/mongolia">Mongolia</a> <ul><li lang="mn"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/mn/country/mongolia">Монгол</a></li></ul> </li> <li class="tt-suggestion" data-original-index="106"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/montenegro">Montenegro</a> </li> <li class="tt-suggestion" data-original-index="107"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/morocco">Morocco</a> <ul> <li lang="ar"><a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/morocco">عربي</a></li> <li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/morocco">Français</a></li> </ul> </li> <li class="tt-suggestion" data-original-index="108"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/mozambique">Mozambique</a> <ul><li lang="pt"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/pt/country/mozambique">Português</a></li></ul> </li> <li class="tt-suggestion" data-original-index="109"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/myanmar">Myanmar</a> </li> <li class="tt-suggestion" data-original-index="110"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/namibia">Namibia</a> </li> <li class="tt-suggestion" data-original-index="111"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/nepal">Nepal</a> </li> <li class="tt-suggestion" data-original-index="112"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/netherlands">Netherlands</a> </li> <li class="tt-suggestion" data-original-index="113"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/nicaragua">Nicaragua</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/nicaragua">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="114"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/niger">Niger</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/niger">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="115"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/nigeria">Nigeria</a> </li> <li class="tt-suggestion" data-original-index="116"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/norway">Norway</a> </li> <li class="tt-suggestion" data-original-index="117"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/gcc">Oman</a> </li> <li class="tt-suggestion" data-original-index="118"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pakistan">Pakistan</a> </li> <li class="tt-suggestion" data-original-index="119"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">Palau</a> </li> <li class="tt-suggestion" data-original-index="120"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/panama">Panama</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/panama">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="121"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/png">Papua New Guinea</a> </li> <li class="tt-suggestion" data-original-index="122"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/paraguay">Paraguay</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/paraguay">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="123"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/peru">Peru</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/peru">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="124"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/philippines">Philippines</a> </li> <li class="tt-suggestion" data-original-index="125"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/poland">Poland</a> <ul><li lang="pl"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/pl/country/poland">Polski</a></li></ul> </li> <li class="tt-suggestion" data-original-index="126"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/portugal">Portugal</a> </li> <li class="tt-suggestion" data-original-index="127"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/gcc">Qatar</a> </li> <li class="tt-suggestion" data-original-index="128"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/romania">Romania</a> <ul><li lang="ro"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/ro/country/romania">Română</a></li></ul> </li> <li class="tt-suggestion" data-original-index="129"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/russia">Russia</a> <ul><li lang="ru"><a class="lang-list dropdown-item tt-menu-list" href="https://www.vsemirnyjbank.org/ru/country/russia">Русский</a></li></ul> </li> <li class="tt-suggestion" data-original-index="130"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/rwanda">Rwanda</a> <ul><li lang="fr"> <a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/rwanda">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="131"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">Samoa</a> </li> <li class="tt-suggestion" data-original-index="132"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/saotome">Sao Tome and Principe</a> <ul><li lang="pt"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/pt/country/saotome">Português</a></li></ul> </li> <li class="tt-suggestion" data-original-index="133"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/senegal">Senegal</a> <ul><li lang="fr"> <a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/senegal">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="134"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/serbia">Serbia</a> </li> <li class="tt-suggestion" data-original-index="135"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/seychelles">Seychelles</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/seychelles">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="136"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/sierraleone">Sierra Leone</a> </li> <li class="tt-suggestion" data-original-index="137"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/singapore">Singapore</a> </li> <li class="tt-suggestion" data-original-index="138"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/eu">Slovak Republic</a> </li> <li class="tt-suggestion" data-original-index="139"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/eu">Slovenia</a> </li> <li class="tt-suggestion" data-original-index="140"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">Solomon Islands</a> </li> <li class="tt-suggestion" data-original-index="141"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/somalia">Somalia</a> </li> <li class="tt-suggestion" data-original-index="142"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/southafrica">South Africa</a> </li> <li class="tt-suggestion" data-original-index="143"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/southsudan">South Sudan</a> </li> <li class="tt-suggestion" data-original-index="144"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/spain">Spain</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/spain">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="145"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/srilanka">Sri Lanka</a> </li> <li class="tt-suggestion" data-original-index="146"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">St. Kitts and Nevis</a> </li> <li class="tt-suggestion" data-original-index="147"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">St. Lucia</a> </li> <li class="tt-suggestion" data-original-index="148"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">St. Vincent and Grenadines</a> </li> <li class="tt-suggestion" data-original-index="149"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/sudan">Sudan</a> </li> <li class="tt-suggestion" data-original-index="150"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">Suriname</a> </li> <li class="tt-suggestion" data-original-index="151"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/swaziland">Swaziland</a> </li> <li class="tt-suggestion" data-original-index="152"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/sweden">Sweden</a> </li> <li class="tt-suggestion" data-original-index="153"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/switzerland">Switzerland</a> </li> <li class="tt-suggestion" data-original-index="154"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/syria">Syria</a> <ul><li lang="ar"><a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/syria">عربي</a></li></ul> </li> <li class="tt-suggestion" data-original-index="155"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/tajikistan">Tajikistan</a> <ul><li lang="ru"><a class="lang-list dropdown-item tt-menu-list" href="https://www.vsemirnyjbank.org/ru/country/tajikistan">Русский</a></li></ul> </li> <li class="tt-suggestion" data-original-index="156"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/tanzania">Tanzania</a> </li> <li class="tt-suggestion" data-original-index="157"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/thailand">Thailand</a> <ul><li lang="th"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/th/country/thailand">ภาษาไทย</a></li></ul> </li> <li class="tt-suggestion" data-original-index="158"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/timor-leste">Timor Leste (East Timor)</a> </li> <li class="tt-suggestion" data-original-index="159"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/togo">Togo</a> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/togo">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="160"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">Tonga</a> </li> <li class="tt-suggestion" data-original-index="161"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/caribbean">Trinidad and Tobago</a> </li> <li class="tt-suggestion" data-original-index="162"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/tunisia">Tunisia</a> <ul><li lang="ar"><a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/tunisia">عربي</a></li></ul> <ul><li lang="fr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.banquemondiale.org/fr/country/tunisia">Français</a></li></ul> </li> <li class="tt-suggestion" data-original-index="163"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/turkey">Turkey</a> <ul><li lang="tr"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/tr/country/turkey">Türkçe</a></li></ul> </li> <li class="tt-suggestion" data-original-index="164"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/turkmenistan">Turkmenistan</a> <ul><li lang="ru"><a class="lang-list dropdown-item tt-menu-list" href="https://www.vsemirnyjbank.org/ru/country/turkmenistan">Русский</a></li></ul> </li> <li class="tt-suggestion" data-original-index="165"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">Tuvalu</a> </li> <li class="tt-suggestion" data-original-index="166"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/uganda">Uganda</a> </li> <li class="tt-suggestion" data-original-index="167"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/ukraine">Ukraine</a> <ul><li lang="uk"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/uk/country/ukraine">Yкраїнський</a></li></ul> </li> <li class="tt-suggestion" data-original-index="168"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/country/gcc">United Arab Emirates</a> </li> <li class="tt-suggestion" data-original-index="169"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/unitedkingdom">United Kingdom</a> </li> <li class="tt-suggestion" data-original-index="170"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/unitedstates">United States of America</a> </li> <li class="tt-suggestion" data-original-index="171"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/uruguay">Uruguay</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/uruguay">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="172"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/uzbekistan">Uzbekistan</a> <ul><li lang="ru"><a class="lang-list dropdown-item tt-menu-list" href="https://www.vsemirnyjbank.org/ru/country/uzbekistan">Русский</a></li></ul> </li> <li class="tt-suggestion" data-original-index="173"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/pacificislands">Vanuatu</a> </li> <li class="tt-suggestion" data-original-index="174"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/venezuela">Venezuela</a> <ul><li lang="es"><a class="lang-list dropdown-item tt-menu-list" href="https://www.bancomundial.org/es/country/venezuela">Español</a></li></ul> </li> <li class="tt-suggestion" data-original-index="175"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/vietnam">Vietnam</a> <ul><li lang="vi"><a class="lang-list dropdown-item tt-menu-list" href="https://www.worldbank.org/vi/country/vietnam">Tiẽng Việt</a></li></ul> </li> <li class="tt-suggestion" data-original-index="176"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/westbankandgaza">West Bank and Gaza</a> <ul><li lang="ar"> <a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/westbankandgaza">عربي</a></li></ul> </li> <li class="tt-suggestion" data-original-index="177"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/yemen">Yemen</a> <ul><li lang="ar"> <a class="lang-list dropdown-item tt-menu-list" href="https://www.albankaldawli.org/ar/country/yemen">عربي</a></li></ul> </li> <li class="tt-suggestion" data-original-index="178"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/zambia">Zambia</a> </li> <li class="tt-suggestion" data-original-index="179"> <a class="country-name dropdown-item tt-menu-list" href="https://www.worldbank.org/en/where-we-work/zimbabwe">Zimbabwe</a> </li> </ul> </div> </div> <div class="lp__megamenu_sublist"> <div class="h5" role="heading" aria-level="2" tabindex="0">Recent Searches</div> <ul class="no-mega-menu-sublist"></ul> </div> </div> </div><!--end left column--> <div class="col-lg-7 col-md-7 col-sm-12"> <div class="lp__megamenu_right_col row"> <div class="lp__megamenu_sublist col-lg-6 col-md-6 col-sm-6"> <div class="h5" role="heading" aria-level="2" tabindex="0">Regions</div> <ul> <li><a href="https://www.worldbank.org/en/region/afr">Africa</a></li> <li><a href="https://www.worldbank.org/en/region/eap">East Asia and Pacific</a></li> <li><a href="https://www.worldbank.org/en/region/eca">Europe and Central Asia</a></li> <li><a href="https://www.worldbank.org/en/region/lac">Latin America and Caribbean</a></li> <li><a href="https://www.worldbank.org/en/region/mena">Middle East and North Africa</a></li> <li><a href="https://www.worldbank.org/en/region/sar">South Asia</a></li> </ul> </div><!-- end col --> <div class="lp__megamenu_sublist col-lg-6 col-md-6 col-sm-6"> <div class="h5" role="heading" aria-level="2" tabindex="0">Country Groups</div> <ul> <li><a href="https://www.worldbank.org/en/where-we-work/eu">European Union</a></li> <li><a href="https://www.worldbank.org/en/where-we-work/mic">Middle Income Countries</a></li> <li><a href="https://www.worldbank.org/en/where-we-work/caribbean">Organization of Eastern Caribbean States</a></li> <li><a href="https://www.worldbank.org/en/where-we-work/pacificislands">Pacific Islands</a></li> <li><a href="https://www.worldbank.org/en/where-we-work/smallstates">Small States</a></li> <li><a href="https://www.worldbank.org/en/where-we-work/gcc">Gulf Cooperation Council</a></li> <li><a href="https://www.worldbank.org/en/where-we-work/westerneurope">Western Europe</a></li> </ul> </div><!-- end col --> </div><!-- end col --> </div> </div> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/understanding-poverty" class="lp__megamenu_item" aria-label="understanding poverty">UNDERSTANDING POVERTY</a> <div class="lp__megamenu_dropdown hidden-xs hidden-sm"> <div class="container"> <div class="row"> <div class="col-lg-4 col-md-4 col-sm-12"> <div class="lp__megamenu_left_col"> <div class="lp__megamenu_img"> <img class="img-responsive" src="https://worldbank.scene7.com/is/image/worldbankprod/megamenu-photo-pakistan" alt="megamenu-image-1" title="UNDERSTANDING POVERTY" tabindex="0"> </div> <p class="lp__megamenu_blurb" tabindex="0">We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.</p> </div> </div><!--end left column--> <div class="col-lg-8 col-md-8 col-sm-12"> <div class="lp__megamenu_right_col row"> <div class="lp__megamenu_sublist col-lg-4 col-md-4"> <div class="h5" role="heading" aria-level="2" tabindex="0">Data & Research</div> <ul> <li><a href="https://data.worldbank.org/"><span class="lp__megamenu_highlight_item">Open Data</span></a></li> <li><a href="https://data.worldbank.org/country">By Country</a></li> <li><a href="https://data.worldbank.org/indicator">By Indicator</a></li> <li><a href="https://www.worldbank.org/en/research"><span class="lp__megamenu_highlight_item">Research & Publications</span></a></li> </ul> </div><!-- end col --> <div class="lp__megamenu_sublist col-lg-8 col-md-8"> <div class="h5" role="heading" aria-level="2" tabindex="0">Development Topics</div> <ul class="lp__megamenu_sublist lp__topic_list"> <li><a href="https://www.worldbank.org/en/topic/agriculture/overview">Agriculture</a></li> <li><a href="https://www.worldbank.org/en/topic/climatechange">Climate</a></li> <li><a href="https://www.worldbank.org/en/topic/digitaldevelopment">Digital Transformation</a></li> <li><a href="https://www.worldbank.org/en/topic/education">Education</a></li> <li><a href="https://www.worldbank.org/en/topic/energy">Energy</a></li> <li><a href="https://www.worldbank.org/en/topic/gender">Gender</a></li> <li><a href="https://www.worldbank.org/en/topic/health">Health</a></li> <li><a href="https://www.worldbank.org/en/topic/poverty">Poverty</a></li> <li><a href="https://www.worldbank.org/en/topic/transport">Transport</a></li> <li><a href="https://www.worldbank.org/en/topic"><span class="lp__megamenu_highlight_cta">All Development Topics</span></a></li> </ul> </div> <div class="lp__megamenu_sublist col-lg-12 col-md-12 col-sm-12" > <hr> <!-- Begin Input Search --> <div class="header-search-section"> <form name="hiddensearch1" id="upovertyId" method="get" style="display:none" aria-hidden="true"> <input id="upoverty" type="hidden" name="query" title="searchtexthidden1"> </form> <form role="search" class="input-group" name="search1" onsubmit="return submit_search_form_upoverty();" method="get"> <input type="search" placeholder="Search research and publications" class="search-input-field-1 search_form_poverty" id="search_research_publications" aria-label="Search research and publications" name="qterm_test1"> <button type="submit" title="Search" onclick="javascript:submit_search_form_upoverty();" class="search-submit-icon"><span class="sr-only" aria-hidden="true">Search button</span> </button> </form> </div> <!-- End Input Search --> </div> </div> </div> </div> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/work-with-us" class="lp__megamenu_item" aria-label="work with us">WORK WITH US</a> <div class="lp__megamenu_dropdown hidden-xs hidden-sm"> <div class="container"> <div class="row lp__megamenu_right_col"> <div class="lp__megamenu_sublist col-md-15 col-sm-3"> <div class="h5" role="heading" aria-level="2" tabindex="0">For Job Seekers</div> <ul> <li><a href="https://www.worldbank.org/en/about/careers">Jobs</a></li> <li><a href="https://www.worldbank.org/en/about/careers/programs-and-internships">Programs & Internships</a></li> </ul> </div> <div class="lp__megamenu_sublist col-md-15 col-sm-3"> <div class="h5" role="heading" aria-level="2" tabindex="0">For Partners</div> <ul> <li><a href="https://www.worldbank.org/en/about/partners">Partners</a></li> <li><a href="https://www.worldbank.org/en/about/foundation-partnerships">Corporate and Private Foundations</a></li> <li><a href="https://ebizprd.worldbank.org/wfa/ccloginpage.html">Clients</a></li> <li><a href="https://www.worldbank.org/en/about/partners/the-world-bank-group-and-private-sector">Private Sector</a></li> <li><a href="https://www.worldbank.org/en/about/corporate-procurement">Corporate Procurement </a></li> <li><a href="https://www.worldbank.org/en/about/partners/civil-society">Civil Society</a></li> <li><a href="https://consultations.worldbank.org/?map=1">Consultations</a></li> <li><a href="https://www.worldbank.org/en/about/parliamentarians">Parliamentarians</a></li> </ul> </div> <div class="lp__megamenu_sublist col-md-15 col-sm-3"> <div class="h5" role="heading" aria-level="2" tabindex="0">For Investors</div> <ul> <li><a href="https://treasury.worldbank.org/en/about/unit/treasury/ibrd">World Bank Bonds & Investment Products</a></li> <li><a href="https://treasury.worldbank.org/">Treasury</a></li> </ul> </div> <div class="lp__megamenu_sublist col-md-15 col-sm-3"> <div class="h5" role="heading" aria-level="2" tabindex="0">For Learners</div> <ul> <li><a href="https://olc.worldbank.org/">Open Learning Campus</a></li> <li><a href="https://academy.worldbank.org/en/home">World Bank Group Academy</a></li> </ul> </div> <div class="lp__megamenu_sublist col-md-15 col-sm-3"> <div class="h5" role="heading" aria-level="2" tabindex="0">Meet Us</div> <ul> <li><a href="https://www.worldbank.org/en/events">Events</a></li> <li><a href="https://live.worldbank.org/">World Bank Live</a></li> <li><a href="https://www.worldbank.org/en/about/speakers-bureau">Speaker's Bureau</a></li> <li><a href="https://www.worldbank.org/en/meetings/splash">Spring & Annual Meetings</a></li> </ul> </div> <div class="col-lg-12 col-md-12 col-sm-12"> <hr> <ul> <li><a href="https://www.worldbank.org/en/about/contacts"> <span class="lp__megamenu_highlight_cta">Contacts & Inquiries</span> </a></li> </ul> </div> </div> </div> </div> </li> <!-- Begin News --> <li class="lp__megamenu_list"> <a href="https://live.worldbank.org?intcid=wbw_nav_WBL_en_ext" class="lp__covidmenu_item"><img src="/content/dam/sites/corporate/img/global/wblive-logo-ENG-short_white2.png" alt="WB Live" class="img-responsive" width="75"></a> <!--<div class="lp__megamenu_dropdown hidden-xs hidden-sm"> <div class="container"> <div class="row lp__megamenu_right_col"> <div class="lp__megamenu_sublist col-md-8 col-sm-8"></div> <div class="lp__megamenu_sublist col-md-4 col-sm-4"> <ul> <li ><a href="https://www.worldbank.org/en/who-we-are/news/coronavirus-covid19">COVID-19 Hub</a></li> <li ><a href="https://www.worldbank.org/en/who-we-are/news/coronavirus-covid19/world-bank-support-for-country-access-to-covid-19-vaccines">World Bank Support for Country Access to COVID-19 Vaccines</a></li> </ul> </div> </div> </div> </div>--> </li> </ul> </nav> <div class="lp__globalsearch hidden-sm hidden-xs"> <div class="sr-only" id="search-label">global Search dropdown</div> <a class="lang-lable dropdown-toggle" href="#" role="button" id="globalsearch-label" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false" aria-labelledby="search-label"><img class="megamenu_search_icon" src="/etc/designs/wbrrdesign/clientlibs-wbrredsign/img/search-orange.svg" title="Global Search" alt="Search graphic"></a> <div class="lp__megamenu_dropdown dropdown-menu" aria-labelledby="search-label"> <div class="container hidden-xs hidden-sm"> <div class="lp__megamenu_right_col lp__global_search row"> <div class=" col-lg-3 col-md-4 col-sm-12 col-xs-2"> <label class="h2" for="qterm_id">Search</label> </div> <div class=" col-lg-9 col-md-8 col-sm-8 col-xs-12 "> <div class="header-search-section"> <form name="hiddensearch" id="globalsearchId" method="get" style="display:none" aria-hidden="true"> <input id="global_search" type="hidden" name="q" title="searchtexthidden"> </form> <form role="search" class="input-group" name="search" onsubmit="return submit_search_form();" method="get"> <input type="search" onfocus="clearField(this)" placeholder="Search worldbank.org" class="search-input-field-1 global_search_form_desktop" id="qterm_id" name="qterm_test"> <button type="submit" title="Search" onclick="javascript:submit_search_form();" class="search-submit-icon"><span class="sr-only" aria-hidden="true">Search button</span> </button> </form> </div> </div> </div> </div> </div> </div> </div> </div> </div> </header> <script> $(document).ready(function() { var activeLink =$(".lp__megamenu li" ).first().children("a").attr('href'); var url = window.location.href; if (typeof activeLink !== 'undefined'){ $(".lp__megamenu li").each(function(index, obj) { $(this).children("a").removeClass("active focus"); if ($(this).children("a").attr('href') == url){ $(this).children("a").addClass("active focus"); } }); } }); </script> <div class="lang-toggler language_toggler parbase"><div class="breadcrumb-section breadcrumb_13" 123style=""> <div class="container"> <div class="row"> <div class="col-lg-6 col-md-6 col-sm-6 col-xs-6"> <div class="page-title"> <ol class="breadcrumb_redesign"> <li><a class="l1-breadcrumb" href="/en/who-we-are">Who We Are</a></li> <li class="hidden-sm hidden-xs"><a class="l1-breadcrumb" href="/en/about/unit">Organizational Units</a></li> <li class="hidden-sm hidden-xs"><a class="l1-breadcrumb" href="/en/about/unit/treasury">Treasury</a></li> </ol> </div> </div><!-- End Page Title --> <div class="col-lg-6 col-md-6 col-sm-6 col-xs-6"> <!--START: Mobile language switch --> <div class="lang-switch-mobile hidden-lg hidden-md"> <div class="page-langswitch " id="lang-click" style="cursor: pointer;"> <ul> <li><span>This page in:</span> <span class="dropdown-toggle" aria-expanded="false"> <span> EN</span> <span><!--<img src="/etc/designs/wbrrdesign/clientlibs-wbrredsign/img/angle-down.svg" />--> <i class="icon icon-angle-down" style="cursor: pointer;"><span class="sr-only">dropdown</span></i> </span> </span> </li> </ul> </div> <div class="langswitch-dropdown float-right" id="lang-drop" style="display: none;"> <ul class="dropdown-menu-right"> <li><a href="https://www.worldbank.org/ja/about/unit/treasury/ibrd">日本語</a></li> </ul> </div> </div> <!--END: Mobile language switch --> <div class="lang-switch-desktop hidden-sm hidden-xs "> <!--START: desktop language switch --> <span class="page-in">This page in:<span class="space">_</span></span> <ul> <li class="in-else">English</li> <li class="in-else"><a href="https://www.worldbank.org/ja/about/unit/treasury/ibrd">日本語</a></li> </ul> <li class="dropdown-link hidden"> <a id="dropdown-more-language" href="javascript:toggleMore('#more-language','#dropdown-more-language')"><span><!--<img src="../img/angle-down.svg" alt="dropdown" />--><i class="icon icon-angle-down" style="cursor: pointer;"><span class="sr-only">dropdown</span></i></span> </a> </li> </div> <!--END: desktop anguage switch --> </div><!-- End of lang toggler --> </div> </div> </div> <div class="clearix"></div> <script> $(document).ready(function() { var cuurpage = "/content/wb-home/en/about/unit/treasury/ibrd"; var pageLocale = "en"; var activeLink =$(".breadcrumb_redesign li" ).first().children("a").attr('href'); if (typeof activeLink !== 'undefined'){ $(".lp__megamenu li.lp__megamenu_list a, .lp__megamenu li.lp__megamenu_list").removeClass("active"); //adedd for D&R to Highlight menu if(cuurpage.indexOf('publication/documents-reports') !== -1 && (cuurpage.indexOf("http") !== -1 || cuurpage.indexOf("https") !== -1)){ activeLink = "/" + activeLink.split("/").slice(3).join("/"); }//end $(".lp__megamenu li.lp__megamenu_list").each(function(index, obj) { if ($(this).children("a").attr('href') == activeLink){ $(this).children("a").addClass("active"); } }); } var isCPF = "false"; var activeLink = ""; if (isCPF == "true" && typeof activeLink !== 'undefined'){ $(".lp__megamenu li.lp__megamenu_list a, .lp__megamenu li.lp__megamenu_list").removeClass("active"); $(".lp__megamenu li.lp__megamenu_list").each(function(index, obj) { if ($(this).children("a").text().toLowerCase().trim() == activeLink.toLowerCase().trim()) { $(this).addClass("active"); $(this).children("a").addClass("active"); } }); } var activeLink1 =$(".breadcrumb_redesign li" ).first().children("a").attr('href'); if (typeof activeLink1 !== 'undefined'){ $(".navbar-collapse>.navbar-nav>li.mega-menu>a, .navbar-collapse>.navbar-nav>li.mega-menu").removeClass("active"); //adedd for D&R to Highlight menu if(cuurpage.indexOf('publication/documents-reports') !== -1 && (cuurpage.indexOf("http") !== -1 || cuurpage.indexOf("https") !== -1)){ activeLink1 = "/" + activeLink1.split("/").slice(3).join("/"); }//end $(".navbar-collapse>.navbar-nav>li.mega-menu").each(function(index, obj) { if ($(this).children("a").attr('href') == activeLink1){ $(this).children("a").addClass("active"); } }); } if (isCPF == "true" && typeof activeLink !== 'undefined'){ $(".navbar-collapse>.navbar-nav>li.mega-menu>a, .navbar-collapse>.navbar-nav>li.mega-menu").removeClass("active"); $(".navbar-collapse>.navbar-nav>li.mega-menu").each(function(index, obj) { if ($(this).children("a").text().toLowerCase().trim() == activeLink.toLowerCase().trim()) { $(this).addClass("active"); $(this).children("a").addClass("active"); } }); } }); </script> </div> <div class="par parsys"><div class="banner parbase section"> <div class="hero-v1-section "> <div class="hero-container-fixed_no"> <div class="hero-img" style="background-image: url(/content/dam/photos/1440x600/2023/jul/TRE-IBRD-Funding-Banner-July-2023-V2.jpg);"> <!--<img class="img-responsive" src="/content/dam/photos/1440x600/2023/jul/TRE-IBRD-Funding-Banner-July-2023-V2.jpg" alt="image" title="image">--> <span class="img-gradient"></span> </div> <div class="container hero-container"> <div class="row"> <div class="hero-img-overlay-v2 col-lg-6 col-md-6 col-sm-12 col-xs-12" style=" background:none; "> <h1 class="hero-title">World Bank Bonds</h1> <h3 class="hero-description">All World Bank bonds support the financing of sustainable development projects and programs designed to achieve positive social and environmental impact. World Bank bonds provide investors with an opportunity to do well by doing good. </h3> <a href="https://thedocs.worldbank.org/en/doc/a6b054c40b9ca52e73de211ae0ab5bf2-0340022024/original/WorldBankInvestorPresentation.pdf" target="_blank" class="btn btn-default btn-lg primary-orange-btn">Investor Presentation</a> <a href="https://thedocs.worldbank.org/en/doc/515cd9fcae37dad3185833617c3cf2b8-0340022024/original/IBRD-Information-Statement-FY24.pdf" target="_blank" class="btn btn-default btn-lg primary-light-blue-btn">Information Statement</a> </div> </div> </div> </div> </div> </div> <div class="supergrid parbase section"> <div class="row clearfix full-row-white-components" style="padding: 0px 0px 0px 0px; background-color:"> <div class="container"> <div class=""> <div class="par parsys"><div class="gridlayout parbase section"> <div class="row hidden-md hidden-lg"> <div class="col-md-12 colsplit" id=""> <div class=" "> <div class="grid_12_par_0 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <div class="reference parbase section"> <div style="display:inline;" class="cq-dd-paragraph"><div class="n01v1_left_navigatio n01v1_left_navigation_pathselect"> <div class="_loop_left_nav hidden-sm hidden-xs"> <ul class="_loop_left_nav_list"> <li><a class="_loop_left_nav_list_item" title="Treasury" href="/en/about/unit/treasury">Treasury</a> </li> <li><a class="_loop_left_nav_list_item" title="About" href="/en/about/unit/treasury/about">About</a> </li> <li><a class="_loop_left_nav_list_item" title="Impact" href="/en/about/unit/treasury/impact">Impact</a> </li> <ul class="_loop_left_nav_sublist"> <li><a class="_loop_left_nav_list_item active disabled" title="IBRD Funding Program" href="/en/about/unit/treasury/ibrd">IBRD Funding Program</a><ul><li><a class="_loop_left_nav_sublist_item" title="Sustainable Development Bonds" href="/en/about/unit/treasury/ibrd/ibrd-sustainable-development-bonds">Sustainable Development Bonds</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Green Bonds" href="/en/about/unit/treasury/ibrd/ibrd-green-bonds">Green Bonds</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Benchmark & Global Bonds" href="/en/about/unit/treasury/ibrd/ibrd-benchmark-and-global-bonds">Benchmark & Global Bonds</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Non-Core Currency Bonds" href="/en/about/unit/treasury/ibrd/ibrd-non-core-currencies-bonds">Non-Core Currency Bonds</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Outcome Bonds " href="/en/about/unit/treasury/ibrd/outcome-bonds">Outcome Bonds </a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Capital at Risk Notes" href="/en/about/unit/treasury/ibrd/ibrd-capital-at-risk-notes">Capital at Risk Notes</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Discount Notes" href="/en/about/unit/treasury/ibrd/ibrd-discount-notes">Discount Notes</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Featured Markets" href="/en/about/unit/treasury/ibrd/featured-markets">Featured Markets</a> </li> </ul> </li> </ul> <li><a class="_loop_left_nav_list_item" title="IDA Funding Program" href="/en/about/unit/treasury/ida">IDA Funding Program</a> </li> <li><a class="_loop_left_nav_list_item" title="IBRD Financial Products" href="/en/about/unit/treasury/ibrd-financial-products">IBRD Financial Products</a> </li> <li><a class="_loop_left_nav_list_item" title="IDA Financial Products" href="/en/about/unit/treasury/ida-financial-products">IDA Financial Products</a> </li> <li><a class="_loop_left_nav_list_item" title="Asset Management" href="/en/about/unit/treasury/asset-management">Asset Management</a> </li> <li><a class="_loop_left_nav_list_item" title="RAMP" href="/en/about/unit/treasury/reserve-advisory-management-partnership">RAMP</a> </li> <li><a class="_loop_left_nav_list_item" title="Client Services" href="/en/about/unit/treasury/client-services">Client Services</a> </li> <li><a class="_loop_left_nav_list_item" title="News" href="/en/about/unit/treasury/news">News</a> </li> <li><a class="_loop_left_nav_list_item" title="Contact" href="/en/about/unit/treasury/contact">Contact</a> </li> <li><a class="_loop_left_nav_list_item" title="7th MDB Treasury Operations Forum Login" href="/en/about/unit/treasury/mdbopsforum">7th MDB Treasury Operations Forum Login</a> </li> </ul> </div><div class="clearfix"></div> <script type="text/javascript"> function toggleclass(element,elemMore){ $(element).toggle(); if($(element).is(":visible")){ $(elemMore).html('<i class="fa fa-angle-up"></i>'); }else{ $(elemMore).html('<i class="fa fa-angle-down"></i>'); } }</script> <button type="button" class="_loop_left_nav_dropdown hidden-lg hidden-md" data-toggle="collapse" data-target=".nav-collapse"> <span class = "filter-option" title="Treasury" href="https://www.worldbank.org/en/about/unit/treasury">Treasury</span> <span class="nav-dropdown-arrow"></span> </button> <div class="nav-collapse collapse _loop_left_nav _loop_left_nav_dropdown_list"> <ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="About" href="/en/about/unit/treasury/about">About</a> <a class="expanded-menu" id="nav0" title="Projects" href="javascript:toggleclass('#nav-click0','#nav0')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click0"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Organization" href="/en/about/unit/treasury/about/what-we-do">Organization</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="People" href="/en/about/unit/treasury/about/who-we-are">People</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Offices" href="/en/about/unit/treasury/about/where-we-work">Offices</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Careers" href="/en/about/unit/treasury/about/careers">Careers</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Student Careers" href="/en/about/unit/treasury/about/student-and-graduate-careers">Student Careers</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Awards & Recognition" href="/en/about/unit/treasury/about/awards-and-recognition">Awards & Recognition</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="Impact" href="/en/about/unit/treasury/impact">Impact</a> <a class="expanded-menu" id="nav1" title="Projects" href="javascript:toggleclass('#nav-click1','#nav1')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click1"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Impact Report" href="/en/about/unit/treasury/impact/impact-report">Impact Report</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Reserve Management Survey Report" href="/en/about/unit/treasury/impact/reserve-management-survey-report">Reserve Management Survey Report</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Sustainable Fixed-Income Strategy Report" href="/en/about/unit/treasury/impact/sustainable-fixed-income-strategy">Sustainable Fixed-Income Strategy Report</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="70 Years Connecting Capital Markets to Development" href="/en/about/unit/treasury/impact/70-years-connecting-capital-markets-to-development">70 Years Connecting Capital Markets to Development</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Publications" href="/en/about/unit/treasury/impact/publications">Publications</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item active" title="IBRD Funding Program" href="/en/about/unit/treasury/ibrd">IBRD Funding Program</a> <a class="expanded-menu" id="nav2" title="Projects" href="javascript:toggleclass('#nav-click2','#nav2')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click2"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Sustainable Development Bonds" href="/en/about/unit/treasury/ibrd/ibrd-sustainable-development-bonds">Sustainable Development Bonds</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Green Bonds" href="/en/about/unit/treasury/ibrd/ibrd-green-bonds">Green Bonds</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Benchmark & Global Bonds" href="/en/about/unit/treasury/ibrd/ibrd-benchmark-and-global-bonds">Benchmark & Global Bonds</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Non-Core Currency Bonds" href="/en/about/unit/treasury/ibrd/ibrd-non-core-currencies-bonds">Non-Core Currency Bonds</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Outcome Bonds " href="/en/about/unit/treasury/ibrd/outcome-bonds">Outcome Bonds </a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Capital at Risk Notes" href="/en/about/unit/treasury/ibrd/ibrd-capital-at-risk-notes">Capital at Risk Notes</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Discount Notes" href="/en/about/unit/treasury/ibrd/ibrd-discount-notes">Discount Notes</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Featured Markets" href="/en/about/unit/treasury/ibrd/featured-markets">Featured Markets</a> </li> </ul></li></ul> <li><a class="_loop_left_nav_list_item " title="IDA Funding Program" href="/en/about/unit/treasury/ida">IDA Funding Program</a> </li> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="IBRD Financial Products" href="/en/about/unit/treasury/ibrd-financial-products">IBRD Financial Products</a> <a class="expanded-menu" id="nav4" title="Projects" href="javascript:toggleclass('#nav-click4','#nav4')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click4"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="IBRD Flexible Loan" href="/en/about/unit/treasury/ibrd-financial-products/ibrd-flexible-loan">IBRD Flexible Loan</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Lending Rates & Fees" href="/en/about/unit/treasury/ibrd-financial-products/lending-rates-and-fees">Lending Rates & Fees</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Local Currency Financing" href="/en/about/unit/treasury/ibrd-financial-products/local-currency-financing">Local Currency Financing</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Contingent Financing" href="/en/about/unit/treasury/ibrd-financial-products/contingent-financing">Contingent Financing</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Credit Enhancement Guarantees" href="/en/about/unit/treasury/ibrd-financial-products/creditenhancement">Credit Enhancement Guarantees</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Retired Loan Products" href="/en/about/unit/treasury/ibrd-financial-products/retired-loan-products">Retired Loan Products</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Financial Risk Management" href="/en/about/unit/treasury/ibrd-financial-products/financial-risk-management">Financial Risk Management</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Disaster Risk Management" href="/en/about/unit/treasury/ibrd-financial-products/disaster-risk-management">Disaster Risk Management</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Learning" href="/en/about/unit/treasury/ibrd-financial-products/learning">Learning</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="IDA Financial Products" href="/en/about/unit/treasury/ida-financial-products">IDA Financial Products</a> <a class="expanded-menu" id="nav5" title="Projects" href="javascript:toggleclass('#nav-click5','#nav5')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click5"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Lending Rates & Fees" href="/en/about/unit/treasury/ida-financial-products/lending-rates-and-fees">Lending Rates & Fees</a> </li> </ul></li></ul> <li><a class="_loop_left_nav_list_item " title="Asset Management" href="/en/about/unit/treasury/asset-management">Asset Management</a> </li> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="RAMP" href="/en/about/unit/treasury/reserve-advisory-management-partnership">RAMP</a> <a class="expanded-menu" id="nav7" title="Projects" href="javascript:toggleclass('#nav-click7','#nav7')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click7"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Advisory Services" href="/en/about/unit/treasury/reserve-advisory-management-partnership/advisory-services">Advisory Services</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Executive Training" href="/en/about/unit/treasury/reserve-advisory-management-partnership/executive-training">Executive Training</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Global Network" href="/en/about/unit/treasury/reserve-advisory-management-partnership/global-network">Global Network</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Asset Management" href="/en/about/unit/treasury/reserve-advisory-management-partnership/asset-management">Asset Management</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Research & Publications" href="/en/about/unit/treasury/reserve-advisory-management-partnership/research-and-publications">Research & Publications</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Become A Member" href="/en/about/unit/treasury/reserve-advisory-management-partnership/become-a-member">Become A Member</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Team" href="/en/about/unit/treasury/reserve-advisory-management-partnership/our-team">Team</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="Client Services" href="/en/about/unit/treasury/client-services">Client Services</a> <a class="expanded-menu" id="nav8" title="Projects" href="javascript:toggleclass('#nav-click8','#nav8')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click8"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Sustainable Finance and ESG Advisory Services" href="/en/about/unit/treasury/client-services/sustainable-finance-advisory">Sustainable Finance and ESG Advisory Services</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Disaster Risk Management Advisory" href="/en/about/unit/treasury/client-services/disaster-risk-management-advisory">Disaster Risk Management Advisory</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Commodity Price Risk Management Advisory" href="/en/about/unit/treasury/client-services/commodity-price-risk-management-advisory">Commodity Price Risk Management Advisory</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="News" href="/en/about/unit/treasury/news">News</a> <a class="expanded-menu" id="nav9" title="Projects" href="javascript:toggleclass('#nav-click9','#nav9')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click9"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Newsletters" href="/en/about/unit/treasury/news/newsletters">Newsletters</a> </li> </ul></li></ul> <li><a class="_loop_left_nav_list_item " title="Contact" href="/en/about/unit/treasury/contact">Contact</a> </li> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="7th MDB Treasury Operations Forum Login" href="/en/about/unit/treasury/mdbopsforum">7th MDB Treasury Operations Forum Login</a> <a class="expanded-menu" id="nav12" title="Projects" href="javascript:toggleclass('#nav-click12','#nav12')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click12"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="7th MDB Treasury Operations Forum Login Forgot Password " href="/en/about/unit/treasury/mdbopsforum/forgotpassword">7th MDB Treasury Operations Forum Login Forgot Password </a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="7th MDB Treasury Operations Forum Login Reset Password" href="/en/about/unit/treasury/mdbopsforum/resetpassword">7th MDB Treasury Operations Forum Login Reset Password</a> </li> </ul></li></ul> </ul></div> <script type="text/javascript"> function toggleclass(element,elemMore){ $(element).toggle(); if($(element).is(":visible")){ $(elemMore).html('<i class="fa fa-angle-up"></i>'); }else{ $(elemMore).html('<i class="fa fa-angle-down"></i>'); } } </script></div> </div></div> </div> </div> </div> </div> </div> <div class="clearfix"></div> <div style="margin-bottom: 0px"></div> </div> </div> </div> </div> </div> </div> <div class="supergrid parbase section"> <div class="row clearfix full-row-white-components" style=" background-color:"> <div class="container"> <div class=""> <div class="par parsys"><div class="gridlayout parbase section"> <div class="row "> <div class="col-md-2 colsplit" id=""> <div class=" "> <div class="grid_2_par_0 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <div class="gridlayout parbase section"> <div class="row hidden-xs hidden-sm"> <div class="col-md-12 col-sm-12 col-lg-12 col-xs-12 colsplit" id=""> <div class=" "> <div class="grid_12_par_0 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <div class="reference parbase section"> <div style="display:inline;" class="cq-dd-paragraph"><div class="n01v1_left_navigatio n01v1_left_navigation_pathselect"> <div class="_loop_left_nav hidden-sm hidden-xs"> <ul class="_loop_left_nav_list"> <li><a class="_loop_left_nav_list_item" title="Treasury" href="/en/about/unit/treasury">Treasury</a> </li> <li><a class="_loop_left_nav_list_item" title="About" href="/en/about/unit/treasury/about">About</a> </li> <li><a class="_loop_left_nav_list_item" title="Impact" href="/en/about/unit/treasury/impact">Impact</a> </li> <ul class="_loop_left_nav_sublist"> <li><a class="_loop_left_nav_list_item active disabled" title="IBRD Funding Program" href="/en/about/unit/treasury/ibrd">IBRD Funding Program</a><ul><li><a class="_loop_left_nav_sublist_item" title="Sustainable Development Bonds" href="/en/about/unit/treasury/ibrd/ibrd-sustainable-development-bonds">Sustainable Development Bonds</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Green Bonds" href="/en/about/unit/treasury/ibrd/ibrd-green-bonds">Green Bonds</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Benchmark & Global Bonds" href="/en/about/unit/treasury/ibrd/ibrd-benchmark-and-global-bonds">Benchmark & Global Bonds</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Non-Core Currency Bonds" href="/en/about/unit/treasury/ibrd/ibrd-non-core-currencies-bonds">Non-Core Currency Bonds</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Outcome Bonds " href="/en/about/unit/treasury/ibrd/outcome-bonds">Outcome Bonds </a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Capital at Risk Notes" href="/en/about/unit/treasury/ibrd/ibrd-capital-at-risk-notes">Capital at Risk Notes</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Discount Notes" href="/en/about/unit/treasury/ibrd/ibrd-discount-notes">Discount Notes</a> </li> </ul><ul><li><a class="_loop_left_nav_sublist_item" title="Featured Markets" href="/en/about/unit/treasury/ibrd/featured-markets">Featured Markets</a> </li> </ul> </li> </ul> <li><a class="_loop_left_nav_list_item" title="IDA Funding Program" href="/en/about/unit/treasury/ida">IDA Funding Program</a> </li> <li><a class="_loop_left_nav_list_item" title="IBRD Financial Products" href="/en/about/unit/treasury/ibrd-financial-products">IBRD Financial Products</a> </li> <li><a class="_loop_left_nav_list_item" title="IDA Financial Products" href="/en/about/unit/treasury/ida-financial-products">IDA Financial Products</a> </li> <li><a class="_loop_left_nav_list_item" title="Asset Management" href="/en/about/unit/treasury/asset-management">Asset Management</a> </li> <li><a class="_loop_left_nav_list_item" title="RAMP" href="/en/about/unit/treasury/reserve-advisory-management-partnership">RAMP</a> </li> <li><a class="_loop_left_nav_list_item" title="Client Services" href="/en/about/unit/treasury/client-services">Client Services</a> </li> <li><a class="_loop_left_nav_list_item" title="News" href="/en/about/unit/treasury/news">News</a> </li> <li><a class="_loop_left_nav_list_item" title="Contact" href="/en/about/unit/treasury/contact">Contact</a> </li> <li><a class="_loop_left_nav_list_item" title="7th MDB Treasury Operations Forum Login" href="/en/about/unit/treasury/mdbopsforum">7th MDB Treasury Operations Forum Login</a> </li> </ul> </div><div class="clearfix"></div> <script type="text/javascript"> function toggleclass(element,elemMore){ $(element).toggle(); if($(element).is(":visible")){ $(elemMore).html('<i class="fa fa-angle-up"></i>'); }else{ $(elemMore).html('<i class="fa fa-angle-down"></i>'); } }</script> <button type="button" class="_loop_left_nav_dropdown hidden-lg hidden-md" data-toggle="collapse" data-target=".nav-collapse"> <span class = "filter-option" title="Treasury" href="https://www.worldbank.org/en/about/unit/treasury">Treasury</span> <span class="nav-dropdown-arrow"></span> </button> <div class="nav-collapse collapse _loop_left_nav _loop_left_nav_dropdown_list"> <ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="About" href="/en/about/unit/treasury/about">About</a> <a class="expanded-menu" id="nav0" title="Projects" href="javascript:toggleclass('#nav-click0','#nav0')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click0"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Organization" href="/en/about/unit/treasury/about/what-we-do">Organization</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="People" href="/en/about/unit/treasury/about/who-we-are">People</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Offices" href="/en/about/unit/treasury/about/where-we-work">Offices</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Careers" href="/en/about/unit/treasury/about/careers">Careers</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Student Careers" href="/en/about/unit/treasury/about/student-and-graduate-careers">Student Careers</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Awards & Recognition" href="/en/about/unit/treasury/about/awards-and-recognition">Awards & Recognition</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="Impact" href="/en/about/unit/treasury/impact">Impact</a> <a class="expanded-menu" id="nav1" title="Projects" href="javascript:toggleclass('#nav-click1','#nav1')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click1"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Impact Report" href="/en/about/unit/treasury/impact/impact-report">Impact Report</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Reserve Management Survey Report" href="/en/about/unit/treasury/impact/reserve-management-survey-report">Reserve Management Survey Report</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Sustainable Fixed-Income Strategy Report" href="/en/about/unit/treasury/impact/sustainable-fixed-income-strategy">Sustainable Fixed-Income Strategy Report</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="70 Years Connecting Capital Markets to Development" href="/en/about/unit/treasury/impact/70-years-connecting-capital-markets-to-development">70 Years Connecting Capital Markets to Development</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Publications" href="/en/about/unit/treasury/impact/publications">Publications</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item active" title="IBRD Funding Program" href="/en/about/unit/treasury/ibrd">IBRD Funding Program</a> <a class="expanded-menu" id="nav2" title="Projects" href="javascript:toggleclass('#nav-click2','#nav2')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click2"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Sustainable Development Bonds" href="/en/about/unit/treasury/ibrd/ibrd-sustainable-development-bonds">Sustainable Development Bonds</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Green Bonds" href="/en/about/unit/treasury/ibrd/ibrd-green-bonds">Green Bonds</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Benchmark & Global Bonds" href="/en/about/unit/treasury/ibrd/ibrd-benchmark-and-global-bonds">Benchmark & Global Bonds</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Non-Core Currency Bonds" href="/en/about/unit/treasury/ibrd/ibrd-non-core-currencies-bonds">Non-Core Currency Bonds</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Outcome Bonds " href="/en/about/unit/treasury/ibrd/outcome-bonds">Outcome Bonds </a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Capital at Risk Notes" href="/en/about/unit/treasury/ibrd/ibrd-capital-at-risk-notes">Capital at Risk Notes</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Discount Notes" href="/en/about/unit/treasury/ibrd/ibrd-discount-notes">Discount Notes</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Featured Markets" href="/en/about/unit/treasury/ibrd/featured-markets">Featured Markets</a> </li> </ul></li></ul> <li><a class="_loop_left_nav_list_item " title="IDA Funding Program" href="/en/about/unit/treasury/ida">IDA Funding Program</a> </li> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="IBRD Financial Products" href="/en/about/unit/treasury/ibrd-financial-products">IBRD Financial Products</a> <a class="expanded-menu" id="nav4" title="Projects" href="javascript:toggleclass('#nav-click4','#nav4')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click4"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="IBRD Flexible Loan" href="/en/about/unit/treasury/ibrd-financial-products/ibrd-flexible-loan">IBRD Flexible Loan</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Lending Rates & Fees" href="/en/about/unit/treasury/ibrd-financial-products/lending-rates-and-fees">Lending Rates & Fees</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Local Currency Financing" href="/en/about/unit/treasury/ibrd-financial-products/local-currency-financing">Local Currency Financing</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Contingent Financing" href="/en/about/unit/treasury/ibrd-financial-products/contingent-financing">Contingent Financing</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Credit Enhancement Guarantees" href="/en/about/unit/treasury/ibrd-financial-products/creditenhancement">Credit Enhancement Guarantees</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Retired Loan Products" href="/en/about/unit/treasury/ibrd-financial-products/retired-loan-products">Retired Loan Products</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Financial Risk Management" href="/en/about/unit/treasury/ibrd-financial-products/financial-risk-management">Financial Risk Management</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Disaster Risk Management" href="/en/about/unit/treasury/ibrd-financial-products/disaster-risk-management">Disaster Risk Management</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Learning" href="/en/about/unit/treasury/ibrd-financial-products/learning">Learning</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="IDA Financial Products" href="/en/about/unit/treasury/ida-financial-products">IDA Financial Products</a> <a class="expanded-menu" id="nav5" title="Projects" href="javascript:toggleclass('#nav-click5','#nav5')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click5"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Lending Rates & Fees" href="/en/about/unit/treasury/ida-financial-products/lending-rates-and-fees">Lending Rates & Fees</a> </li> </ul></li></ul> <li><a class="_loop_left_nav_list_item " title="Asset Management" href="/en/about/unit/treasury/asset-management">Asset Management</a> </li> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="RAMP" href="/en/about/unit/treasury/reserve-advisory-management-partnership">RAMP</a> <a class="expanded-menu" id="nav7" title="Projects" href="javascript:toggleclass('#nav-click7','#nav7')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click7"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Advisory Services" href="/en/about/unit/treasury/reserve-advisory-management-partnership/advisory-services">Advisory Services</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Executive Training" href="/en/about/unit/treasury/reserve-advisory-management-partnership/executive-training">Executive Training</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Global Network" href="/en/about/unit/treasury/reserve-advisory-management-partnership/global-network">Global Network</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Asset Management" href="/en/about/unit/treasury/reserve-advisory-management-partnership/asset-management">Asset Management</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Research & Publications" href="/en/about/unit/treasury/reserve-advisory-management-partnership/research-and-publications">Research & Publications</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Become A Member" href="/en/about/unit/treasury/reserve-advisory-management-partnership/become-a-member">Become A Member</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Team" href="/en/about/unit/treasury/reserve-advisory-management-partnership/our-team">Team</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="Client Services" href="/en/about/unit/treasury/client-services">Client Services</a> <a class="expanded-menu" id="nav8" title="Projects" href="javascript:toggleclass('#nav-click8','#nav8')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click8"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Sustainable Finance and ESG Advisory Services" href="/en/about/unit/treasury/client-services/sustainable-finance-advisory">Sustainable Finance and ESG Advisory Services</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Disaster Risk Management Advisory" href="/en/about/unit/treasury/client-services/disaster-risk-management-advisory">Disaster Risk Management Advisory</a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Commodity Price Risk Management Advisory" href="/en/about/unit/treasury/client-services/commodity-price-risk-management-advisory">Commodity Price Risk Management Advisory</a> </li> </ul></li></ul> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="News" href="/en/about/unit/treasury/news">News</a> <a class="expanded-menu" id="nav9" title="Projects" href="javascript:toggleclass('#nav-click9','#nav9')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click9"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="Newsletters" href="/en/about/unit/treasury/news/newsletters">Newsletters</a> </li> </ul></li></ul> <li><a class="_loop_left_nav_list_item " title="Contact" href="/en/about/unit/treasury/contact">Contact</a> </li> <ul class="_loop_left_nav_sublist"> <li> <a class="_loop_left_nav_list_item " title="7th MDB Treasury Operations Forum Login" href="/en/about/unit/treasury/mdbopsforum">7th MDB Treasury Operations Forum Login</a> <a class="expanded-menu" id="nav12" title="Projects" href="javascript:toggleclass('#nav-click12','#nav12')"> <i class="fa fa-angle-down"></i></a><ul style="display: none;" id="nav-click12"> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="7th MDB Treasury Operations Forum Login Forgot Password " href="/en/about/unit/treasury/mdbopsforum/forgotpassword">7th MDB Treasury Operations Forum Login Forgot Password </a> </li> <li><a data-device="mobile" class="_loop_left_nav_sublist_item" title="7th MDB Treasury Operations Forum Login Reset Password" href="/en/about/unit/treasury/mdbopsforum/resetpassword">7th MDB Treasury Operations Forum Login Reset Password</a> </li> </ul></li></ul> </ul></div> <script type="text/javascript"> function toggleclass(element,elemMore){ $(element).toggle(); if($(element).is(":visible")){ $(elemMore).html('<i class="fa fa-angle-up"></i>'); }else{ $(elemMore).html('<i class="fa fa-angle-down"></i>'); } } </script></div> </div></div> <hr> <div class="reference parbase section"> <div style="display:inline;" class="cq-dd-paragraph"><div class="s03v2_stay_connected"> <div class="join-us"> <div class="join-us-socialicon stay_connected_vertical"> <h6 class= h6 style= color:#333>Stay Connected</h6> <ul> <li class="join-us-list-item" data-shareCurrentPage="no"><a href="http://linkedin.com/company/13598902/" class="social-icon-img" data-customlink="sm:body content" data-text="linkedln"><img src="/content/dam/wbr-redesign/icons/linkedln.svg" alt="LinkedIn Logo" class="img-responsive"> <span>LinkedIn</span> </a> </li> <li class="join-us-list-item" data-shareCurrentPage="no"><a href="http://www.youtube.com/worldbanktreasury" class="social-icon-img" data-customlink="sm:body content" data-text="youtube"><img src="/content/dam/wbr-redesign/icons/youtube.svg" alt="Youtube Logo" class="img-responsive"> <span>YouTube</span> </a> </li> </ul> <!-- --> </div> </div> <div class="clearfix"></div> </div> </div></div> </div> </div> </div> </div> </div> <div class="clearfix"></div> <div style="margin-bottom: 0px"></div> </div> </div> </div> </div> </div> <div class="col-md-10 colsplit" id=""> <div class=" "> <div class="grid_10_par_1 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <div class="page_title_body section"> <div class="row"> <div class="col-lg-12 col-md-12 col-sm-12 col-xs-12"> <h2>IBRD Funding Program</h2> </div> </div> </div> <div class="gridlayout parbase section"> <div class="row "> <div class="col-md-9 colsplit" id=""> <div class=" "> <div class="grid_9_par_0 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <div class="gridlayout parbase section"> <div class="row "> </div> <div class="clearfix"></div> <div style="margin-bottom: 0px"></div> </div> <div class="gridlayout parbase section"> <div class="row "> <div class="col-md-12 colsplit" id=""> <div class=" "> <div class="grid_12_par_0 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <hr class="hidden-lg hidden-md"> <div class="multi_indepth parbase section"> <script src="/etc/designs/wbr/components/playvideo.js"></script> <script src="/etc/designs/wbrrdesign/components/audiotracking.js"></script> <div class="wbgindepth"> <section class="row _loop_slide_2"> <div class="col-lg-6 col-md-6 col-sm-6 col-xs-12"> <div class="card-v3-section"> <div class="card-wrapper _loop_indepth_card_wrapper"> <div class="card-img"> <a data-customlink='nl:body content' data-text="Image" href="https://treasury.worldbank.org/en/about/unit/treasury/impact/impact-report" target=""> <img class="img-responsive" src="/content/dam/photos/780x439/2024/jun/World-Bank-IRBD-Social-Cards-780x439-RV1.jpg" title="World-Bank-IRBD-Social-Cards-780x439-RV1.jpg" alt="World-Bank-IRBD-Social-Cards-780x439-RV1.jpg"></a> </div> <!--End Of Image Div --> <!-- Feature Image Ends --> <div class="card-content "> <div class="hammer"> <span> Impact Report</span> </div> <h4> <a data-customlink='nl:body content' data-text="World Bank Impact Report 2023" href="https://treasury.worldbank.org/en/about/unit/treasury/impact/impact-report" target=""> World Bank Impact Report 2023 </a> </h4> <!--title ends --> <!-- Body Content starts --> <p class="card-description"> The 2023 Impact Report is focused on IBRD Sustainable Development Bonds and Green Bonds, and the IBRD-financed projects supported by these bonds in FY23 (July 1, 2022 to June 30, 2023). </p> </div> </div> </div> </div> <div class="col-lg-6 col-md-6 col-sm-6 col-xs-12"> <div class="card-v3-section"> <div class="card-wrapper _loop_indepth_card_wrapper"> <div class="card-img"> <a data-customlink='nl:body content' data-text="Image" href="https://treasury.worldbank.org/en/about/unit/treasury/ibrd/world-bank-engages-investors-on-the-importance-of-a-holistic-approach-to-sustainability-and-the-urgency-of-mainstreaming-climate-action" target=""> <img class="img-responsive" src="/content/dam/photos/780x439/2021/oct-2/Bonds-For-Sustainable-Development-Focus-On-Climate.jpg" title="Image" alt="Image"></a> </div> <!--End Of Image Div --> <!-- Feature Image Ends --> <div class="card-content "> <div class="hammer"> <span>World Bank Sustainable Development Bonds – Climate Action</span> </div> <h4> <a data-customlink='nl:body content' data-text="World Bank Sustainable Development Bonds – Climate Action" href="https://treasury.worldbank.org/en/about/unit/treasury/ibrd/world-bank-engages-investors-on-the-importance-of-a-holistic-approach-to-sustainability-and-the-urgency-of-mainstreaming-climate-action" target=""> World Bank Sustainable Development Bonds – Climate Action </a> </h4> <!--title ends --> <!-- Body Content starts --> <p class="card-description"> A summary of the World Bank’s initiative: Sustainable Development Bonds Highlighting the Urgency of Mainstreaming Climate Action, September – November 2021. </p> </div> </div> </div> </div> </section> </div> <style> .card-content.card-content-center { text-align: center; padding-top: 16px; }</style></div> </div> </div> </div> </div> </div> <div class="clearfix"></div> <div style="margin-bottom: 36px"></div> </div> <hr class="hidden-lg hidden-md"> <div class="tab parbase section"> <section id="tabOffsetWrapper"> <tab> <tab-nav> <div class="_loop_wrapper"> <div class="_loop_scroller _loop_scroller-left"> « </div> <div class="_loop_scroller _loop_scroller-right"> » </div> <ul class="_loop_list"> <li><a data-customlink="tb:body content" onclick="_satellite.track('dynamicdata');" data-wbgtabidtabheader="2" class='_loop_tab_active' href="#2">Why Invest?</a></li> <li><a data-customlink="tb:body content" onclick="_satellite.track('dynamicdata');" data-wbgtabidtabheader="1" class="" href="#1">Products</a></li> <li><a data-customlink="tb:body content" onclick="_satellite.track('dynamicdata');" data-wbgtabidtabheader="3" class="" href="#3">News</a></li> </ul> </div> </tab-nav> <tab-content> <ul class="_loop_tab_content_list" id="context"> <li class="tab_wbr _loop_tab_active" data-wbgtabidtabcontent="2"> <div class="tab-1 parsys"><div class="redesign_static_content section"> <section id =""> <div class="c14v1-body c14v1-body-covid c14v1-body-text flipboard-keep " > <p>The World Bank issues Sustainable Development Bonds aligned to the Sustainability Bonds Guidelines and Green Bonds aligned to the Green Bonds Principles. Investments in World Bank bonds Sustainable development bonds support:</p><ol><li>the World Bank Group twin goals to end extreme poverty and promote shared prosperity in a sustainable way,</li><li>the Sustainable Development Goals, and </li><li>positive social and environmental outcomes in countries.</li></ol><p>The World Bank (IBRD) has maintained a triple-A rating since 1959 and has been issuing bonds since 1959 to support lending to member governments. IBRD’s financial strength comes from the strength of country member support, a well-diversified portfolio of loans to sovereign-guaranteed projects, prudent risk management and substantial liquidity.</p><p>The World Bank benefits from over 75 years of institutional experience. This experience has spurred to create new products, helped develop new markets and benefitted member countries with advise and technical expertise. World Bank “firsts” include: the first swap, global bond, e-bond, green bond and blockchain bond.</p> </div></section> <script type="text/javascript"> $(document).ready(function(){ $(".c14v1-body table").find("td").find("div.c14v1-full").closest("td").addClass("width30"); }); </script> <div class="clearfix"></div> </div> </div> </li> <li class="tab_wbr " data-wbgtabidtabcontent="1"> <div class="tab-0 parsys"><div class="redesign_static_content section"> <section id =""> <div class="c14v1-body c14v1-body-covid c14v1-body-text flipboard-keep " > <p>The World Bank Treasury offers a triple-A rated product mix for investors who seek to do well by doing good.</p><table border="1" cellspacing="0" cellpadding="0"><tbody><tr><td width="623" colspan="6" valign="top"><p><b>Sustainable Development Bonds</b></p></td></tr><tr><td width="102" valign="top"><p><b>Product</b></p></td><td width="116" valign="top"><p><a href="https://treasury.worldbank.org/en/about/unit/treasury/ibrd/ibrd-benchmark-and-global-bonds" target="_blank">Global & Benchmark Bonds</a></p><p> </p></td><td width="102" valign="top"><p><a href="https://treasury.worldbank.org/en/about/unit/treasury/ibrd/ibrd-non-core-currencies-bonds" target="_blank">Non-Core Currency Bonds</a></p></td><td width="102" valign="top"><p><a href="https://treasury.worldbank.org/en/about/unit/treasury/ibrd/ibrd-structured-notes-and-callable-bonds" target="_blank">Structured Notes & Callable Bonds</a></p></td><td width="102" valign="top"><p><a href="https://treasury.worldbank.org/en/about/unit/treasury/ibrd/ibrd-capital-at-risk-notes" target="_blank">Capital At Risk Notes</a></p></td><td width="102" valign="top"><p><a href="https://treasury.worldbank.org/en/about/unit/treasury/ibrd/ibrd-discount-notes" target="_blank">Discount Notes & Custom Issues</a></p></td></tr><tr><td width="102" valign="top"><p><b>Why Invest?</b></p></td><td width="116" valign="top"><p>Liquidity</p><p> </p></td><td width="102" valign="top"><p>Diversification</p></td><td width="102" valign="top"><p>Customization</p></td><td width="102" valign="top"><p>Yield Enhancement</p></td><td width="102" valign="top"><p>Cash Management</p></td></tr><tr><td width="102" valign="top"><p><b>Recent Issue(s)</b></p></td><td width="116" valign="top"><p><a href="https://www.worldbank.org/en/news/press-release/2024/04/03/the-world-bank-demonstrates-depth-of-its-capital-markets-investor-base-with-dual-tranche-usd-6-billion-sustainable-devel">USD 6 billion dual tranche</a></p><p> </p><p><a href="https://www.worldbank.org/en/news/press-release/2023/04/04/oversubscription-of-world-bank-usd-5-billion-sustainable-development-bond">USD 5 billion 5-year due July 2028</a></p><p> </p><p><a href="https://www.worldbank.org/en/news/press-release/2022/09/14/world-bank-raises-usd-4-5-billion-with-4-year-sofr-linked-and-7-year-fixed-rate-bonds">USD 4.5 billion dual tranche</a></p></td><td width="102" valign="top"><a href="https://www.worldbank.org/en/news/press-release/2022/01/24/western-asset-management-company-invests-in-world-bank-sustainable-development-bond-and-highlights-support-for-nutrition" target="_blank">SOL 100 million Jan 2025</a></td><td width="102" valign="top"><p>Offered in major currency, two years or longer, fixed-rate, with early redemption, 100% of notional.</p><p> </p></td><td width="102" valign="top"><p><a href="https://www.worldbank.org/en/news/press-release/2024/04/17/world-bank-issues-420-million-in-catastrophe-bonds-for-renewed-disaster-risk-protection-for-mexico">USD 420 million storm and earthquake coverage for Mexico</a></p><p> </p><p><a href="https://www.worldbank.org/en/news/press-release/2023/03/17/world-bank-executes-its-largest-single-country-catastrophe-bond-and-swap-transaction-to-provide-chile-630-million-in-fin">USD 630 million earthquake coverage for Chile</a></p></td><td width="102" valign="top"><p>Offered in US and Euro Dollar markets, with maturities of 13 months or less, and greater than $50,000 through major dealers.</p></td></tr></tbody></table> </div></section> <script type="text/javascript"> $(document).ready(function(){ $(".c14v1-body table").find("td").find("div.c14v1-full").closest("td").addClass("width30"); }); </script> <div class="clearfix"></div> </div> </div> </li> <li class="tab_wbr " data-wbgtabidtabcontent="3"> <div class="tab-2 parsys"><div class="inline_search_API section"> <script src="/etc/designs/wbr/components/inlinesearch_clientlib.js"></script> <script src="/etc/designs/wbrrdesign/components/search_api_ajax3.js"></script> <div class="wbgajax" data-ajax-component-wbg-inline data-url='https://search.worldbank.org/api/v2/whatsnew?fct=displayconttype_exact,docty_exact,lang_exact&fl=url,cqpath,title,lang,wn_desc,master_recent_date,masterconttype&format=xml&rows=20&src=cq55&displayconttype_exact=Press+Release&src=cq55&sq=keywd%3A(treasury)+OR+originating_unit%3A(Treasury%2C+TRE)&apilang=en&lang_exact=English&rows=3' data-ajax-query-parameters='path=d2ItaG9tZS9lbi9hYm91dC91bml0L3RyZWFzdXJ5L2licmQvamNyOmNvbnRlbnQvcGFyL3N1cGVyZ3JpZC9wYXIvZ3JpZGxheW91dC9ncmlkXzEwX3Bhcl8xL2dyaWRsYXlvdXQvZ3JpZF85X3Bhcl8wL3RhYi90YWItMi9pbmxpbmVfc2VhcmNoX2FwaQ==&lang=en'> <div style="display:none">Api</div> <img class="img-responsive center-block" style="margin: 0 auto;" src="/etc/designs/wbr/clientlibs/img/loaderwb.svg"/> </div> </div> <div class="redesign_static_content section"> </div> </div> </li> </ul> </tab-content> </tab> </section> <script> $(document).on("ready", function(e) { var tabStripContainer; //script to remove the unwanted tabs $("tab tab-content ul li div div.section").each(function() { if ($(this).attr('class').indexOf('new') < 0) { var childDiv = $(this).children("div").attr('class'); var childDivId = $(this).children("div").attr('id'); var childDivEdit = $(this).children("span").attr('class'); var childDivInnerId = $(this).children("div").children("div").attr('id'); var childDivInnerClass = $(this).children("div").children("div").attr('class'); if (typeof childDiv == "undefined" && typeof childDivId == "undefined" && typeof childDivInnerId == "undefined" && typeof childDivInnerClass == "undefined") { if (typeof childDivEdit == "undefined") { var l = $(this).prev(); var k = l.get(0); if (typeof k !== "undefined") { if (typeof l.attr("class") == "undefined") { if ((k.tagName == "HR" || k.tagName == "hr")) { l.remove(); } } } $(this).remove(); } } } }); }); </script> </div> <hr> <div class="inline_search_API section"> </div> <div class="redesign_static_content section"> </div> <hr> <div class="annual_dropdown section"> <script> $(document).ready(function(){ var qParam = ''; var params = document.location.search.split('&'); params.forEach(function(param){ if(param.indexOf('dropid=')>-1){ qParam = param.split('=')[1]; } }); if(qParam != undefined && qParam!=''){ $(" #dropdown-tab li a[id="+qParam+"]").click(); } }); $("#dropdown-tab li a").click(function(e){ e.preventDefault(); var toreplace = '?dropid=' + $(this).closest(".open").find(".filter-option").attr('currentid'); $(this).closest(".regional-datashowcase").find(".filter-option").text($(this).text()); $(this).closest(".regional-datashowcase").find(".filter-option").attr('currentid',$(this).attr("id")); var cIndex = $( "#dropdown-tab li a" ).index(this); $(".dropdown-tabshow").each(function(){ if($(this).hasClass("activediv")) { $(this).removeClass("activediv"); } $(this).hide(); }); $(".dropdown-tabindex"+cIndex).show(); $(".dropdown-tabindex"+cIndex).css("visibility", "visible"); $(".dropdown-tabindex"+cIndex).css("height", "auto"); $(".dropdown-tabindex"+cIndex).css("opacity", "1"); $(".dropdown-tabindex"+cIndex).addClass("activediv"); if(checkEditMode){ hideshowTabParsys(); } if (history.pushState) { var parsedUrl = document.location.href; var newurl = ''; if(document.location.search.indexOf('dropid=')>=0){ newurl = parsedUrl.replace(toreplace, $(this).attr('href')); }else{ parsedUrl = document.location.href.split('?')[0]; parsedUrl = parsedUrl.split('#')[0]; newurl = parsedUrl + $(this).attr('href') + document.location.hash; } window.history.pushState({path:newurl},'',newurl); } }); //hide parsys var checkEditMode = $('.content-div').data('edit-mode'); $(window).on("load",function(){ if(checkEditMode){ /* hide all parsys under tab on page load*/ hideshowTabParsys(); } }); function hideshowTabParsys(){ var elems = $('.content-div').children(); $.each(elems,function(){ var component = $(this).attr('data-comp-path'); //Parsys Path var parsysComp = CQ.WCM.getEditable(component); if(!$(this).hasClass("activediv")){ if (parsysComp) { parsysComp.hide(); } }else{ if (parsysComp) { parsysComp.show(); } } }); } //hide parsys end </script></div> </div> </div> </div> </div> <div class="col-md-3 colsplit" id=""> <div class=" "> <div class="grid_3_par_1 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <div class="gridlayout parbase section"> <div class="row "> <div class="col-md-12 col-sm-12 col-lg-12 col-xs-12 colsplit" id=""> <div class=" "> <div class="grid_12_par_0 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <hr class="hidden-lg hidden-md"> <div class="wbl_resources section"> <div class="resources-icon-link"> <h4 class="h4"> Resources for Investors </h4> <div class="resources-wrapper"> <ul> <li> <i class="fa fa-file-text"></i><a href="/en/about/unit/treasury/ibrd/ibrd-financials-and-ratings">Financials & Ratings</a> <li> <i class="fa fa-file-text"></i><a href="/en/about/unit/treasury/ibrd/ibrd-issues">Bond Issues</a> <li> <i class="fa fa-file-text"></i><a href="/en/about/unit/treasury/ibrd/ibrd-investors-videos">Investor Videos</a> <li> <i class="fa fa-file-text"></i><a href="https://treasury.worldbank.org/en/about/unit/treasury/ibrd/debt-products-faqs">Frequently Asked Questions</a> <li> <i class="fa fa-file-pdf-o"></i><a href="https://thedocs.worldbank.org/en/doc/a6b054c40b9ca52e73de211ae0ab5bf2-0340022024/original/WorldBankInvestorPresentation.pdf">Investor Presentation</a> <li> <i class="fa fa-file-pdf-o"></i><a href="https://thedocs.worldbank.org/en/doc/2ef89df77941c901018e140421821b17-0340022023/original/World-Bank-Investor-Newsletter-2023.pdf">Investor Newsletter</a> <li> <i class="fa fa-file-pdf-o"></i><a href="https://thedocs.worldbank.org/en/doc/515cd9fcae37dad3185833617c3cf2b8-0340022024/original/IBRD-Information-Statement-FY24.pdf">Information Statement</a> </ul> </div> </div> </div> <hr> <div class="redesign_related section"> <!--<script src="/etc/designs/wbrrdesign/components/redesign_related.js"></script> --> <div class="related-v1-section "> <h4 class='h4'>PROSPECTUS</h4> <div class="blurb-text" > <p><p><b>GDIF Prospectus:</b> <a href="https://thedocs.worldbank.org/en/doc/03c46dc52fec5ff3bf5e3a0e57e53164-0340022021/original/IBRD-GDIF-Prospectus-2021.pdf" target="_blank">2021</a>, <a href="https://thedocs.worldbank.org/en/doc/404891576621762298-0340022019/original/IBRDGDIFProspectus2008.pdf" target="_blank">2008</a>, <a href="https://thedocs.worldbank.org/en/doc/309761507651290761-0340022017/original/prospectusibrdgdif199710.pdf" target="_blank">1997</a></p> <p><b>Capital at Risk Notes Supplement:</b> <a href="https://thedocs.worldbank.org/en/doc/5bd3f2d8baa90de07a0fce4f508e4b6b-0340022021/original/IBRD-CAR-Prospectus-Supplement-2021.pdf" target="_blank">2021</a>, <a href="https://thedocs.worldbank.org/en/doc/649291576621621449-0340022019/original/IBRDInvestorNotesProspectusSupplement.pdf" target="_blank">2015</a></p> <p><b>Offering Circular Discount Notes:</b> <a href="https://thedocs.worldbank.org/en/doc/221581507649149066-0340022017/original/offeringcircularibrddiscountnotes201610.pdf" target="_blank">2016</a></p> </p> </div> </div> </div> <hr> <div class="wbl_resources section"> <div class="resources-icon-link"> <h4 class="h4"> Briefs </h4> <div class="resources-wrapper"> <ul> <li> <i class="fa fa-file-pdf-o"></i><a href="https://thedocs.worldbank.org/en/doc/590254732855cde0f6642f43410ebb2f-0340022021/original/investorbriefworldbank.pdf">World Bank Investor Brief</a> <li> <i class="fa fa-file-pdf-o"></i><a href="https://thedocs.worldbank.org/en/doc/dd1917da76eb20569ac004729a38e606-0340022022/original/Borrowing-Highlights-Updates.pdf">Borrowing Highlights</a> <li> <i class="fa fa-file-pdf-o"></i><a href="https://thedocs.worldbank.org/en/doc/4e0354444c5bf9bf604e3c276e568d11-0340022022/original/Global-Bond.pdf">Global Bonds</a> <li> <i class="fa fa-file-pdf-o"></i><a href="https://thedocs.worldbank.org/en/doc/0d89f46261f0c19cb57126365d17b824-0340022021/original/Structured-Notes.pdf">Structured Notes</a> <li> <i class="fa fa-file-pdf-o"></i><a href="https://pubdocs.worldbank.org/en/320621532531568360/offering-circular-ibrd-discount-notes.pdf">Discount Notes</a> <li> <i class="fa fa-file-pdf-o"></i><a href="https://pubdocs.worldbank.org/en/841101589292194320/Non-Core-Currencies-Investor-Brief.pdf">Bonds in Non-Core Currencies</a> </ul> </div> </div> </div> <hr> <div class="redesign_related section"> <!----> <div class="related-v1-section "> <h4 class='h4'>SUSTAINABILITY REPORTING</h4> <div class="blurb-text" > <p><p><a href="https://thedocs.worldbank.org/en/doc/43b360bfda1e6e5b8a094ef2ce4dff2a-0340012021/original/World-Bank-IBRD-Sustainable-Development-Bond-Framework.pdf" target="_blank">Sustainable Development Bond Framework</a></p> <p><a href="https://thedocs.worldbank.org/en/doc/5178a3bf998d8ee94b74ea5c426c6975-0040012024/original/WB-AR-2024-Financial-Disclosures.pdf" target="_blank">World Bank Fiscal Year 2024 Climate-Related Financial Disclosure</a></p> <p><a href="https://documents1.worldbank.org/curated/en/099520002102336911/pdf/IDU0820f7dbf0ff2c04b44089e903ba771483e5e.pdf" target="_blank">Global Reporting Initiative Index 2022</a></p> </p> </div> </div> </div> <hr> <div class="multimedia_card parbase section"> <div class="card-v3-section _loop_multimedia_card"> <h4 class="h4">MULTIMEDIA</h4> <div class="card-wrapper indepth-card-wrapper"> <div class="card-img"> <img src="/content/dam/photos/780x439/2023/jul/Website-Video.JPG" title="Website-Video" class="img-responsive embed-image" alt="Website-Video"> <div class="_loop_play_icon fa fa-play embed-image"> <span class="sr-only">click</span> </div> <div class="embed-video" style="visibility: hidden; height: 0;"> <iframe width="560" height="315" src="https://www.youtube.com/embed/0qu8HgBhLZE" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> </div> </div> <div class="card-content"> <div class="hammer"> <span>VIDEO</span> </div> <h4><a href="https://www.youtube.com/embed/0qu8HgBhLZE">World Bank IBRD: Triple A Issuer with a Development Mandate</a></h4> </div> </div> </div> <div class="clearfix"></div> </div> <hr> <div class="multimedia_card parbase section"> <div class="card-v3-section _loop_multimedia_card"> <h4 class="h4">MULTIMEDIA</h4> <div class="card-wrapper indepth-card-wrapper"> <div class="card-img"> <img src="/content/dam/photos/780x439/2018/sep/blockchain.JPG" title="Image" class="img-responsive embed-image" alt="Image"> <div class="_loop_play_icon fa fa-play embed-image"> <span class="sr-only">click</span> </div> <div class="embed-video" style="visibility: hidden; height: 0;"> <iframe width="640" height="360" src="https://www.youtube.com/embed/K0ldeuYBTGA" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> </div> </div> <div class="card-content"> <div class="hammer"> <span>VIDEO</span> </div> <h4><a href="https://www.youtube.com/watch?v=K0ldeuYBTGA">Bond-i: World's First Global Blockchain Bond</a></h4> </div> </div> </div> <div class="clearfix"></div> </div> <div class="multimedia_card parbase section"> </div> </div> </div> </div> </div> </div> <div class="clearfix"></div> <div style="margin-bottom: 0px"></div> </div> </div> </div> </div> </div> </div> <div class="clearfix"></div> <div style="margin-bottom: 36px"></div> </div> </div> </div> </div> </div> </div> <div class="clearfix"></div> <div style="margin-bottom: 36px"></div> </div> <div class="gridlayout parbase section"> <div class="row hidden-md hidden-lg"> <div class="col-md-6 col-sm-12 col-xs-12 colsplit" id=""> <div class=" "> <div class="grid_6_par_0 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <hr class="hidden-lg hidden-md"> <div class="reference parbase section"> <div style="display:inline;" class="cq-dd-paragraph"></div></div> </div> </div> </div> </div> <div class="col-md-6 col-sm-12 col-xs-12 colsplit" id=""> <div class=" "> <div class="grid_6_par_1 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <hr class="hidden-lg hidden-md"> <div class="reference parbase section"> <div style="display:inline;" class="cq-dd-paragraph"><div class="s03v2_stay_connected"> <div class="join-us"> <div class="join-us-socialicon stay_connected_vertical"> <h6 class= h6 style= color:#333>Stay Connected</h6> <ul> <li class="join-us-list-item" data-shareCurrentPage="no"><a href="http://linkedin.com/company/13598902/" class="social-icon-img" data-customlink="sm:body content" data-text="linkedln"><img src="/content/dam/wbr-redesign/icons/linkedln.svg" alt="LinkedIn Logo" class="img-responsive"> <span>LinkedIn</span> </a> </li> <li class="join-us-list-item" data-shareCurrentPage="no"><a href="http://www.youtube.com/worldbanktreasury" class="social-icon-img" data-customlink="sm:body content" data-text="youtube"><img src="/content/dam/wbr-redesign/icons/youtube.svg" alt="Youtube Logo" class="img-responsive"> <span>YouTube</span> </a> </li> </ul> <!-- --> </div> </div> <div class="clearfix"></div> </div> </div></div> </div> </div> </div> </div> </div> <div class="clearfix"></div> <div style="margin-bottom: 0px"></div> </div> </div> </div> </div> </div> </div> </div> <!-- Begin Global footer --> <footer> <div class="row full-row-footer-components"> <div class="container"> <div class="lp__footer_top"> <div class="row"> <div class="col-lg-5 col-md-6 col-sm-12 col-xs-12"> <div class="lp__footer_menuitem"> <div class="row"> <div class="col-lg-6 col-md-6 col-sm-6 col-xs-6"> <ul> <li><a href="https://www.worldbank.org/en/who-we-are">Who We Are</a></li> <li><a href="https://data.worldbank.org">Data</a></li> <li><a href="https://www.worldbank.org/en/research">Research and Publications</a></li> <li><a href="https://olc.worldbank.org">Learning</a></li> </ul> </div> <div class="col-lg-6 col-md-6 col-sm-6 col-xs-6"> <ul> <li><a href="https://www.worldbank.org/en/news">News</a></li> <li><a href="https://projects.worldbank.org/?lang=en">Projects and Operations</a></li> <li><a href="https://www.worldbank.org/en/where-we-work">Countries</a></li> <li><a href="https://www.worldbank.org/en/topic">Topics</a></li> </ul> </div> </div> </div> </div><!-- End left column footer menu section --> <div class="col-lg-7 col-md-6 col-sm-12 col-xs-12"> <hr class="visible-sm visible-xs"> <div class="row"> <div class="col-lg-6 col-md-12 col-sm-6 col-xs-12"> <div class="lp__social_icon"> <div class="h6" aria-hidden="true">FOLLOW US</div> <div class="sr-only">Follow us</div> <ul> <li><a href="https://www.facebook.com/worldbank" class="lp__socialimg"><img src="/content/dam/wbr-redesign/icons/fb.svg" alt="World Bank Facebook page" class="img-responsive"></a></li> <li><a href="https://www.twitter.com/worldbank" class="lp__socialimg"><img src="/content/dam/wbr-redesign/icons/twitter.svg" alt="World Bank x.com page" class="img-responsive"></a></li> <li><a href="https://www.linkedin.com/company/the-world-bank" class="lp__socialimg"><img src="/content/dam/wbr-redesign/icons/linkedln.svg" alt="World Bank linkedln page" class="img-responsive"></a></li> <li><a href="https://instagram.com/worldbank/" class="lp__socialimg"><img src="/content/dam/wbr-redesign/icons/instagram.svg" alt="World Bank instagram page" class="img-responsive"></a></li> <li><a href="https://www.youtube.com/user/WorldBank" class="lp__socialimg"><img src="/content/dam/wbr-redesign/icons/youtube.svg" alt="World Bank youtube page" class="img-responsive"></a></li> <li><a href="https://www.flickr.com/photos/worldbank" class="lp__socialimg"><img src="/content/dam/wbr-redesign/icons/flickr.svg" alt="World Bank flickr page" class="img-responsive"></a></li> <li><a href="https://www.whatsapp.com/channel/0029VaeLyAgAojYvg7Wbr91k" class="lp__socialimg"><img src="/content/dam/wbr-redesign/icons/whatsup.svg" alt="World Bank Whatsapp page" class="img-responsive"></a></li> </ul> </div> </div> <div class="col-lg-6 col-md-12 col-sm-6 col-xs-12"> <div class="lp__footer_newsletter"> <div class="lp__footersearch_section"> <div class="h6">newsletter</div> <a href="https://www.worldbank.org/en/newsletter-subscription" class="lp__btn lp__newsletter_btn lp__solid_lightblue_btn lp__cta_btn">SUBSCRIBE HERE</a> </div> </div> <!-- Begin Language toggler --> <div class="lp-footer-lang-dropdown lp__dropup"> <span class="lang-lable" id="site-language">This Site in:</span> <div class=" lp-lang-toggler dropdown"> <button type="button" class="lang-filter-label dropdown-toggle" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false" id="lang-title" aria-labelledby="site-language lang-title">English</button> <div class="dropdown-menu" aria-labelledby="site-language"> <ul> <li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org">Español</a></li> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org">Français</a></li> <li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org">عربي</a></li> <li lang="ru"><a class="dropdown-item" href="https://www.vsemirnyjbank.org">Русский</a></li> <li lang="zh"><a class="dropdown-item" href="https://www.shihang.org">中文</a></li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/language-resources">View All »</a></li> </ul> </div> </div> </div> <!-- End Language toggler --> </div> </div> </div> </div><!-- End right column footer follow and newsletter section --> <div class="row"> <div class="col-lg-12 col-md-12 col-sm-12 col-xs-12"> <div class="lp__footer_bottom"> <div class="row"> <div class="col-lg-8 col-md-8 col-sm-12 col-xs-12"> <div class="lp__listinline"> <ul> <li class="disclaimer"><a href="https://www.worldbank.org/en/about/legal">Legal</a></li> <li class="disclaimer"><a href="https://www.worldbank.org/en/about/legal/privacy-notice">Privacy Notice</a></li> <li class="disclaimer"><a href="https://www.worldbank.org/en/who-we-are/site-accessibility">Site Accessibility</a></li> <li class="disclaimer"><a href="https://www.worldbank.org/en/access-to-information">Access to Information</a></li> <li class="disclaimer"><a href="https://www.worldbank.org/en/about/careers">Jobs</a></li> <li class="disclaimer"><a href="https://www.worldbank.org/en/about/contacts">Contact</a></li> </ul> </div> </div><!-- End disclaimer--> <div class="col-lg-4 col-md-4 col-sm-12 col-xs-12"> <div class="lp__footer_fraud"> <ul> <li><a href="https://www.worldbank.org/en/about/legal/scams">SCAM ALERTS</a></li> <li><a href="https://wbgcmsprod.microsoftcrmportals.com/en-US/anonymous-users/int-fraud-management/create-new-complaint/">REPORT FRAUD OR CORRUPTION</a></li> </ul> </div> </div> </div> </div><!-- End disclaimer and copy right --> </div> </div><!-- End footer Bottom row --> </div> </div> </div> <!-- End Top Footer --> <!-- Begin bottom Footer --> <div class="row full-row-footer-black-components"> <div class="container"> <div class="row"> <div class="lp__footer_bottom_left"> <div class="col-md-12 col-sm-12 col-xs-12"> <ul> <li><a href="https://www.worldbank.org/"> <img src="/content/dam/wbr-redesign/logos/logo-wbg-footer-en.svg" class="footer-logo" title="World Bank Group logo" alt="World Bank Group logo"></a> </li> <li><a class="lp__wbgpartnership" title="International Bank for Reconstruction and Development" href="https://www.worldbank.org/en/who-we-are/ibrd">IBRD</a></li> <li><a class="lp__wbgpartnership" title="International Development Association" href="https://ida.worldbank.org/">IDA</a></li> <li><a class="lp__wbgpartnership" title="International Finance Corporation" href="https://www.ifc.org/">IFC</a></li> <li><a class="lp__wbgpartnership" title="Multilateral Investment Guarantee Agency" href="https://www.miga.org/">MIGA</a></li> <li><a class="lp__wbgpartnership" title="International Centre for Settlement of Investment Disputes" href="https://icsid.worldbank.org/">ICSID</a></li> </ul> </div> </div><!-- End logo and Wbg partnership --> <div class="lp__copyright"> <div class="col-md-12 col-sm-12 col-xs-12"> © <span id="footer-year"></span> <script language="JavaScript"> <!-- Begin var time=new Date(); var year=time.getYear(); if (year < 2000) year = year + 1900; document.getElementById("footer-year").innerHTML = year; // End --> </script> The World Bank, All Rights Reserved. </div> </div><!-- End dropdown and fraud --> </div> </div> </div> </footer> <!-- End Global footer --><!-- <div class="floating-bars"> <a class="btn btn-help-to-improve " href='https://blogs.worldbank.org/voices/bold-new-worldbankorg'>Welcome</a> <button type="button" class="btn btn-talk-to-help hidden-xs hidden-sm" data-toggle="modal" data-target="#squarespaceModal" id="feedbut1"> Feedback Survey</button> <button type="button" class="btn btn-talk-to-help hidden-md hidden-lg" onclick="window.location='https://www.worldbank.org/en/home-page/feedback'" id="feedbut1"> Feedback Survey</button> </div>--> <script> $(function() { $('[data-ajax-component-banner]').each(function() { var $this = $(this), url = $this.data('url'), queryParams = $this.data('ajax-query-parameters'); url = url+"?"; if (queryParams) { url += queryParams; } $.get(url).success(function(data) { $this.replaceWith(data); }); }); }); </script> <script type="text/javascript"> var appInsights=window.appInsights||function(a){ function b(a){c[a]=function(){var b=arguments;c.queue.push(function(){c[a].apply(c,b)})}}var c={config:a},d=document,e=window;setTimeout(function(){var b=d.createElement("script");b.src=a.url||"https://az416426.vo.msecnd.net/scripts/a/ai.0.js",d.getElementsByTagName("script")[0].parentNode.appendChild(b)});try{c.cookie=d.cookie}catch(a){}c.queue=[];for(var f=["Event","Exception","Metric","PageView","Trace","Dependency"];f.length;)b("track"+f.pop());if(b("setAuthenticatedUserContext"),b("clearAuthenticatedUserContext"),b("startTrackEvent"),b("stopTrackEvent"),b("startTrackPage"),b("stopTrackPage"),b("flush"),!a.disableExceptionTracking){f="onerror",b("_"+f);var g=e[f];e[f]=function(a,b,d,e,h){var i=g&&g(a,b,d,e,h);return!0!==i&&c["_"+f](a,b,d,e,h),i}}return c }({ instrumentationKey:"2ddee9f8-57ef-4c0e-8810-a2f743116654" }); window.appInsights=appInsights,appInsights.queue&&0===appInsights.queue.length&&appInsights.trackPageView(); </script> <script type="text/javascript" src="/etc/designs/wbg/clientlib/js/WebStatsUtil.js?q=nocache"></script> <script> var filters = [], queryParamValue,section=[],sFilters="",sSection=""; var query_string = window.location.search; var paramMap = { 'displayconttype_exact': 'type', 'topic_exact': 'topic', 'admreg_exact':'region', 'count_exact':'country', 'strdate':'startdate', 'enddate':'enddate', 'lang_exact':'language', 'tf':'timeframe', 'docty_exact':'document type', 'lang_spoken_exact':'languages spoken', 'job_title_exact':'role', 'unit_exact':'unit', 'first_name_AlphaBucket_exact':'first name', 'surname_AlphaBucket_exact':'last name', 'sector_exact':'sector', 'status_exact':'status', 'majdocty_exact':'major document type', 'majtheme_exact':'theme', 'teratopic_exact':'topic' }; if(query_string){ var queryPair = query_string.slice(1).split('&'); for (var i = 0; i < queryPair.length; i++) { queryParamValue = queryPair[i].split('=')[1]; queryParamName = queryPair[i].split('=')[0]; if((typeof paramMap[queryParamName]!='undefined') && (queryParamName!='lang_exact') && (queryParamName!='pastevents') && (queryParamName!='futureevents') && (queryParamName!='srt') && (queryParamName!='qterm') && (queryParamName!='x')&&(queryParamName!='y')){ section.push(paramMap[queryParamName]); } if((queryParamName!='qterm') && (queryParamName!='futureevents') && (queryParamName!='pastevents') && (queryParamName!='srt') && (queryParamName!='os') && (queryParamName!='x') && (queryParamName!='lang_exact') &&(queryParamName!='y')){ if(queryParamValue != ''){ filters.push(queryParamValue); } } } sFilters = filters.join(':'); sSection = section.join(':'); sSection = decodeURIComponent(sSection); sSection = sSection.replace(new RegExp("\\+","g"),' '); //s.eVar50= section; sFilters = decodeURIComponent(sFilters); sFilters = sFilters.replace(new RegExp("\\+","g"),' '); //s.list1 =filters; } </script> <script> var wbgData = wbgData || {}; wbgData.page = { pageInfo: { pageName: "en:about:unit:treasury:ibrd", pageCategory: "content page", pageUid: "769f760c-4b4c-4d52-a47b-bfe7f3372478", pageFirstPub: "03-16-2018", pageLastMod: "11-01-2024", contentType:"About", topicTag:"capital markets", hier1:"ecrcc~who we are~about~ibrd funding program", channel:"EXT About Us EXT", webpackage:"", }, sectionInfo: { siteSection: "who we are", subsectionP2:"about", subsectionP3:"ibrd funding program", subsectionP4:"", subsectionP5:"" } }, wbgData.site = { siteInfo: { siteLanguage: "en", siteCountry: "", siteEnv: "prod", userIpaddressType:"10.48.0.13", siteRegion:"", siteType:"main", }, techInfo: { cmsType: "AEM", bussVPUnit: "EXT", bussUnit: "ECRCC", bussUserGroup: "External", bussAgency: "ibrd" } } </script> <script type="text/javascript"> var wbgDataOld = {}; wbgDataOld.page= { pageInfo: { pageName: "en:about>unit>treasury>ibrd", pageTitle:"Sustainable Development Bonds", pageDate:"2018/07/13", hier1: "ecrcc~who we are~about~ibrd funding program", hier2: "wbg~en~english~who we are~about~ibrd funding program", server:"10.48.0.136", channel:"EXT About Us EXT" }, docInfo: { docAuthor: "",//Document author docDate:"",//Document date docRegion:"",//Region docCountry:"" }, teragramInfo: { teragramTopic:"", teragramKeyword:"" }, siteInfo: { siteSection:"who we are", subSection1:"who we are~about", subSection2:"who we are~about~ibrd funding program", subSection3:"who we are~about~ibrd funding program", siteLanguage:"English", siteRank:"1", contentType:"about" }, packageInfo:{ webpackage:"" }, vpuInfo: { vpuLegacy:"EXT", vpu:"ECRCC" }, } var opsAanalytics ={ "projectId" :"NODATA", "upi":"NODATA", "pageName":"who we are", "tabName":"who we are", "serverDate":"", "clientDate":new Date().getTime(), "totalResponseTime":"", "pageUrl":(document.URL).replace("https://","").replace("http://",""), "userAgent" :navigator.userAgent, "server":"treasury.worldbank.org", "appId":"wbgext", "key1":"about", "key2":"ibrd funding program", "key3":"", "key4":"", "key5":"", "key6":"Anonymous", "key7":"", "key8":"", "key9":"", "key10":"" }; </script> <style> button.editMode { border: 0px; line-height: 16px; color: #fff; text-transform: uppercase; font-weight: 600; letter-spacing: 0.5px; font-size: 12px; padding: 10px 22px; position: fixed; right: 5%; float: right; background-color: #39beea; top: 64px; z-index: 1111; right: 98px; } </style> <script> function togglePreviewMode(){ var previewURL = window.location.href; previewURL = previewURL.replace("/content","/cf#/content"); previewURL = previewURL.replace("?wcmmode=disabled",""); window.open(previewURL, "_self"); } </script> <script src="/etc/designs/wbrrdesign/clientlibs-wbrredsign.js"></script> <div data-ajax-component-wbg data-url="/wbg/aem/service/ampopup" data-ajax-query-parameters='language=en&pageName=/wb-home/en/about/unit/treasury/ibrd' ></div> <script type="text/javascript">_satellite.pageBottom();</script> <div class="cloudservices servicecomponents"> </div> </body> </html>