Structure financing to meet cash flow needs at the project level or risk management objectives at the portfolio level.
In the News
Increase in Fixed Spread for IBRD Flexible Loans
Jan 14, 2016
A World Bank financed loan program is helping to transform the lives of poor and vulnerable youth in Colombia
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Mobilizing Scarce Financial Resources (pdf)
Financing for Energy Efficiency Projects (pdf)
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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.
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.
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:
- Fixed-Spread Loan (FSL): FSLs were available to all IBRD borrowers from September 1, 1999 until the IBRD Flexible Loan (IFL) was introduced in February 2008.
- Variable-Spread Loan (VSL): VSLs, originally called Variable-Rate Single Currency Loan (VSCL or SCL), were introduced in 1993. They were withdrawn in February 2008. See lending rates.
- Fixed-Rate Single Currency Loan (FSCL): FSCLs were available to IBRD borrowers to which the invitation to negotiate was issued after May 11, 1995 and before December 1, 1999. The FSCL was withdrawn in 2001. See lending rates.
- Variable Lending Rate 1989 (VLR89) Currency Pool Loan (CPL): VLR89 CPLs were available to IBRD borrowers to which the invitation to negotiate was issued before March 1, 2001. The CPL was withdrawn in 2001. See lending rates.
- Single Currency Pool Loan (SCP): Between September 1, 1996, and June 1, 1998, IBRD offered borrowers the option to amend the terms of their existing CPL Loan Agreements to change their currency obligation to single currency terms. See lending rates.
Learn more about the risk management and prepayment options for retired IBRD loans.