The IBRD offers a range of banking products and services to its borrowing member countries.

This set of Frequently Asked Questions (FAQs) addresses questions most frequently asked by member countries about the terms and conditions of IBRD banking products.

Deferred Drawdown Option

A Deferred Drawdown Option (DDO) gives IBRD borrowers of a single-tranche adjustment loan the option of deferring the loan's disbursement for up to three years, provided that overall program implementation and the macroeconomic framework remain adequate. Please read the FAQs.

Withdrawal of the Currency Pool Loan (CPL)

On May 2, 2006, the IBRD approved the phase out of the Currency and Dollar Pool Loan Program, please see the CPL page for more information.

Background
Demand for currency pool loans had been on a steady decline since 1993 when the Bank provided clients with a choice of financial instruments. From 1997-1999, currency pool loans comprised 2 percent of new loan commitments. With the LIBOR-based Fixed Spread Loan (FSL) introduction in September, 1999, Bank clients could replicate the main characteristics of currency pool loans and also obtain access to a range of embedded risk management alternatives. Currency Pool Loan terms will not be available for new IBRD loan commitments whose invitation to negotiate is issued on or after March 1, 2001. Please read the FAQs.