Baku, Azerbaijan, Aug.12
By Leman Zeynalova – Trend:
Investment portfolio of the International Bank for Reconstruction and Development (IBRD) has increased by $7 billion during the fiscal year ended June 30, 2019, Trend reports citing the organization.
“IBRD’s investment portfolio increased by $7 billion, from $74 billion as of June 30, 2018 to $81 billion as of June 30, 2019. The investments remain concentrated in the upper end of the credit spectrum, with 67 percent rated AA or above, reflecting IBRD’s objective of principal protection and its resulting preference for highquality investments,” IBRD said in its report.
IBRD said its lending operations during the fiscal year ended June 30, 2019, resulted in $23.2 billion of loan commitments and $10.1 billion of net loan disbursements. “The latter was the key driver in the increase in net loans outstanding, from $184 billion at the end of the fiscal year ended June 30, 2018, to $193 billion at the end of the fiscal year ended June 30, 2019.”
The organization said it raised medium and long-term debt of $54 billion during FY19, resulting in a $15 billion increase in the portfolio during the year, from $214 billion as of June 30, 2018, to $229 billion as of June 30, 2019. “The funds raised financed development lending operations and satisfied the increase in liquidity requirements. The debt issuances were highly diversified in terms of investor types and location, with an average maturity of 4.1 years.”
The International Bank for Reconstruction and Development (IBRD) is a global development cooperative owned by 189 member countries. As the largest development bank in the world, it supports the World Bank Group’s mission by providing loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, as well as by coordinating responses to regional and global challenges.
Created in 1944 to help Europe rebuild after World War II, IBRD joins with IDA, our fund for the poorest countries, to form the World Bank. They work closely with all institutions of the World Bank Group and the public and private sectors in developing countries to reduce poverty and build shared prosperity.
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