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Accessing Flexible Financing


Structure financing to meet cash flow needs at the project level or risk management objectives at the portfolio level.

Brazil: road building


IBRD Local Currency Financing (pdf)

Mobilizing Scarce Financial Resources (pdf)

Financing for Energy Efficiency Projects (pdf)

Case Studies



Interest Rate News | Aug 2017

Aug 1, 2017

A World Bank financed loan program is helping to transform the lives of poor and vulnerable youth in Colombia

Loan Pricing News >>

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IBRD’s market presence and strong financial policies provide a solid foundation for offering clients a broad menu of financing options at highly competitive market-based terms.

IBRD Flexible Loan

Borrowers benefit from long maturities (up to 35 years), transparent LIBOR-based pricing, built-in hedging products to manage financial risks over the life of the loan, and the ability to customize repayment schedules according to project needs or debt management requirements.

Local currency loans

Through options embedded in the IBRD Flexible Loan borrowers have access to local currency at the time of disbursement or at any time during the life of the loan to reduce future vulnerabilities to foreign exchange risk (See product note here).

Financing for subnationals

The World Bank Group offers subnationals two options: IBRD financing with a sovereign guarantee on the same terms as national governments, or financing without a sovereign guarantee on commercial terms through the joint IFC-World Bank Subnational Finance program.

Contingent financing

Gain flexibility to rapidly fund financing requirements due to an unexpected a shortfall in resources. The IBRD Deferred Drawdown Option – or DDO – is a committed line of credit with similar pricing and the same built-in risk management features and flexibility as the IBRD Flexible Loan.

Please contact us for additional financing options.

Retired IBRD loan products

IBRD currently offers only one loan, the IBRD Flexible Loan or IFL with a choice of two spreads -- Fixed or Variable. The IFL consolidated the two previously offered LIBOR-based products: the Variable Spread Loan (VSL) and the Fixed Spread Loan (FSL). The IBRD portfolio includes other LIBOR based and currency pool based products which have been discontinued for new loan commitments, but are still outstanding. Loans offered by IBRD in the past include the following:

Learn more about the risk management and prepayment options for retired IBRD loans.