Fitch identified that the original 'AAA' ratings of the catastrophe-linked notes were not reflective of their insurance-linked characteristics, which can involve a principal reduction, and that they had been rated based on an assumption that their credit quality was aligned with that of IBRD
Therefore the question of suspension of IBRD
support does not arise at this point in time.
Power Distribution Line (estimated total cost US$35 million, 100% IBRD
The remaining capital, also known as callable capital, will not be drawn by the IBRD
except in an emergency.
is very strong in terms of Moody's capital adequacy measures.
World Bank Country Partnership Strategy 2010-13 detailed report highlighted that maintenance of a sound macroeconomic framework (characterized by reserves equal to at least three months of next year's imports of goods and services and a stable or declining government debt to GDP ratio) would be required for any IBRD
The Vice President of the World Bank has positively responded to Sri Lanka s request to obtain IBRD
Since the dismantling of the Iron Curtain, the Bretton Woods institutions,(9) collectively the IBRD
and the International Monetary Fund (IMF), like other organs of the United Nations system, have realized enhanced freedom of action, no longer encumbered by the bipolar geopolitical framework of the Cold War.
In infrastructure, IFC working in close collaboration with the IBRD
was able to mobilize funds and assist in attracting private investment.
The Indian government had it over a barrel--a default would put 15% of the World Bank's entire portfolio in the limbo of non-accrual status, threatening the IBRD
with its first annual loss.
also occupies an additional 61,000 square feet in the building which expires February 28, 2014.
A loan-seeking country should have official foreign currency reserves equivalent to three months of import bill to qualify for IBRD
WB Country Director said Pakistan had already qualified for IBRD
funding due to its remarkable economic performance and it was important now to open financing as soon as possible and identify projects for the process.
The maturity period of the IBRD
loan is 25 years, including 5-year grace period.
mandated Barclays (LON:BARC), Deutsche Bank (ETR:DBK) and RBC Capital Markets to lead the issue.