WORLD BANK LENDING Fiscal 2016 Annual Report 2016
The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID) are the institutions that make up the World Bank Group. The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries, and is committed to reducing poverty, increasing shared prosperity, and promoting sustainable development. In fiscal 2016, IBRD, IDA, IFC, and MIGA collectively provided $64.2 billion in loans, grants, equity investments, and guarantees to partner countries and private businesses—including to multiregional and global projects. World Bank Lending │ Fiscal 2016 1
The World Bank is comprised of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), and it is committed to the goals of ending extreme poverty and boosting shared prosperity, and to achieving both goals in a sustainable manner. Owned by its 189 member countries, the World Bank is a global development cooperative. It is the largest development bank in the world, and it provides financing, knowledge, and convening services to help client countries address their most important development challenges. The World Bank is solutions oriented, focused on clients, accountable for quality results, dedicated to financial integrity and cost-effectiveness, and inspired and innovative. It is committed to improving the lives of roughly a billion people now living in extreme poverty. World Bank Lending │ Fiscal 2016 2
The International Bank for Reconstruction The International Development and Development (IBRD) Association (IDA) Established 1944 │ 189 member countries Established 1960 │ 173 member countries Fiscal 2016 commitments Fiscal 2016 commitments $29.7 billion for $16.2 billion for 114 approved operations 161 approved operations Cumulative lending (since 1945) Cumulative lending (since 1960) $658.7 billion $326.1 billion Note: Regional operations have been excluded from the country count, and joint IBRD-IDA operations are counted only once, as IBRD operations. World Bank Lending │ Fiscal 2016 3
IBRD and IDA Board of Executive Directors and Alternates as of June 30, 2016 Dr. Jim Yong Kim President of the World Bank Group and Chairman of the Board of Executive Directors Executive Directors Alternates Khalid Alkhudairy Turki Dhaifallah Almutairi Heenam Choi Jason Allford Hervé de Villeroché Arnaud Delaunay Alejandro Foxley Daniel Pierini Jorg G. Frieden Wieslaw Leonard Szczuka Subhash Garg Muhammad Musharraf Hossain Bhuiyan Franciscus Godts Gulsum Yazganarikan Merza Hasan Karim Wissa Frank Heemskerk Claudiu Doltu Masahiro Kan Daiho Fujii Mohamed Kayad Seydou Bouda Nasir Mahmood Khosa Omar Bougara Peter Larose Andrew Bvumbe Ana Lourenco Bongi Kunene Andrei Lushin Eugene B. Miagkov Matthew McGuire (Vacant) Ursula Mueller Claus Michael Happe Patrizio Pagano Nuno Mota Pinto Melanie Robinson Clare Roberts Jose Rojas Beatriz de Guindos Satu-Leena Santala Sanita Bajare Rionald Silaban Pornwasa Sirinupongs Antonio Silveira Rosalia de Leon Alister Smith Peteranne Tamara Donaldson Yingming Yang Jinadi Ye World Bank Lending │ Fiscal 2016 4
Fiscal Year Highlights In fiscal 2016, the World Bank (IBRD/IDA) committed $45.9 billion to partner countries, distributed in credits, loans, grants, and guarantees. World Bank Lending │ Fiscal 2016 5
Fiscal Year Highlights In fiscal 2016, IBRD committed $29.7 billion for 114 new operations. IDA committed $16.2 billion for 161 new operations. World Bank Lending │ Fiscal 2016 6
Fiscal Year Highlights IBRD’s $29.7 billion lending volume in fiscal 2016 was up sharply from fiscal 2015. Demand for lending rose to levels not previously seen outside of a financial crisis. World Bank Lending │ Fiscal 2016 7
Fiscal Year Highlights IDA commitments of $16.2 billion in fiscal 2016 included $14.4 billion in credits, $1.3 billion in grants, and $500 million in guarantees. World Bank Lending │ Fiscal 2016 8
Note As a result of rounding, numbers in the following figures may not add to totals, and percentages in figures may not add to 100. All dollar amounts reported are current U.S. dollars. World Bank Lending │ Fiscal 2016 9
IBRD and IDA Lending by Region │ Fiscal 2016 Share of total lending of $45.9 billion 19% 20% Africa East Asia and Pacific Europe and Central Asia 11% Latin America and the Caribbean 16% Middle East and North Africa South Asia 18% 16% World Bank Lending │ Fiscal 2016 10
IBRD Lending by Region │ Fiscal 2016 The largest share of IBRD lending went to Latin America and the Caribbean Share of total lending of $29.7 billion 2% 12% 17% Africa East Asia and Pacific 17% Europe and Central Asia Latin America and the Caribbean 24% Middle East and North Africa South Asia 27% World Bank Lending │ Fiscal 2016 11
IDA Lending by Region │ Fiscal 2016 The largest share of IDA lending went to Africa Share of total lending of $16.2 billion 29% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 54% Middle East and North Africa < 1% South Asia 1% 1% 14% World Bank Lending │ Fiscal 2016 12
IBRD and IDA Lending by Sector │ Fiscal 2016 Share of total lending of $45.9 billion 5% 11% 7% Agriculture, Fishing, and Forestry Education 14% Energy and Mining 16% Finance Health and Other Social Services Industry and Trade Information and Communications 7% Public Administration, Law, and Justice 19% Transportation Water, Sanitation, and Flood Protection 12% 1% 9% World Bank Lending │ Fiscal 2016 13
IBRD and IDA Lending by Theme │ Fiscal 2016 Share of total lending of $45.9 billion Economic Management 4% 8% Environment and Natural Resources Management 11% 5% Financial and Private Sector Development Human Development 12% Public Sector Governance Rule of Law 20% 2% Rural Development Social Development, Gender, and Inclusion 13% Social Protection and Risk Management Trade and Integration 11% 1% 13% Urban Development World Bank Lending │ Fiscal 2016 14
IBRD Top-10 Borrowers │ Fiscal 2016 $3,000 $2,850 $2,820 $2,500 $2,058 Commitments ($ millions) $1,982 $2,000 $1,700 $1,560 $1,550 $1,550 $1,504 $1,400 $1,500 $1,000 $500 $0 World Bank Lending │ Fiscal 2016 15
IDA Top-10 Borrowers │ Fiscal 2016 $2,000 $1,862 $1,800 $1,670 $1,557 $1,600 $1,460 Commitments ($ millions) $1,400 $1,200 $1,075 $1,025 $1,000 $864 $800 $646 $600 $600 $500 $400 $200 $0 World Bank Lending │ Fiscal 2016 16
Africa Regional Snapshot World Bank Lending │ Fiscal 2016 18
Africa Total IBRD and IDA Lending Trends │ Fiscal 2012–16 $14,000 $12,000 $11,569 $10,613 $10,000 $9,346 Commitments ($ millions) $8,245 $8,000 $7,525 $6,000 $4,000 $2,000 $0 2012 2013 2014 2015 2016 World Bank Lending │ Fiscal 2016 19
Africa IBRD and IDA Lending by Sector │ Fiscal 2016 Share of total lending of $9.3 billion 5% 5% 7% 9% Agriculture, Fishing, and Forestry Education Energy and Mining Finance 20% 17% Health and Other Social Services Industry and Trade Information and Communications Public Administration, Law, and Justice 3% < 1% 4% Transportation Water, Sanitation, and Flood Protection 31% World Bank Lending │ Fiscal 2016 20
Africa IBRD and IDA Lending by Theme │ Fiscal 2016 Share of total lending of $9.3 billion 2% 2% Economic Management Environment and Natural Resources 14% Management Financial and Private Sector Development 16% 2% Human Development Public Sector Governance Rule of Law 22% 16% Rural Development Social Development, Gender, and Inclusion Social Protection and Risk Management 4% 10% Trade and Integration 11% Urban Development 1% World Bank Lending │ Fiscal 2016 21
East Asia and Pacific Regional Snapshot World Bank Lending │ Fiscal 2016 22
East Asia and Pacific Total IBRD and IDA Lending Trends │ Fiscal 2012–16 $8,000 $7,500 $7,000 $6,628 $6,342 $6,313 $6,247 $6,000 Commitments ($ millions) $5,000 $4,000 $3,000 $2,000 $1,000 $0 2012 2013 2014 2015 2016 World Bank Lending │ Fiscal 2016 23
East Asia and Pacific IBRD and IDA Lending by Sector │ Fiscal 2016 Share of total lending of $7.5 billion 9% 12% 4% Agriculture, Fishing, and Forestry Education Energy and Mining 17% Finance Health and Other Social Services Industry and Trade 28% Information and Communications Public Administration, Law, and Justice Transportation 15% Water, Sanitation, and Flood Protection 4% 6% 5% 0% World Bank Lending │ Fiscal 2016 24
East Asia and Pacific IBRD and IDA Lending by Theme │ Fiscal 2016 Share of total lending of $7.5 billion Economic Management 2% Environment and Natural Resources 11% Management 1% Financial and Private Sector Development 26% Human Development Public Sector Governance 17% Rule of Law Rural Development 2% Social Development, Gender, and Inclusion 9% Social Protection and Risk Management 19% 7% Trade and Integration 6% Urban Development 0% World Bank Lending │ Fiscal 2016 25
Europe and Central Asia Regional Snapshot World Bank Lending │ Fiscal 2016 26
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