IDA Funding Program

WASHINGTON, DC, September 10, 2025 - The International Development Association (IDA, Aaa/AAA) today priced a USD 3 billion 7-year benchmark that matures on September 17, 2032.

The bond offers a semi-annual coupon of 3.875% per annum and a semi-annual yield of 3.893%. It was priced at 11.6 basis points over the US Treasury due August 2032. The lead managers are Barclays Bank PLC, BNP Paribas, Deutsche Bank and Scotiabank.

“We are grateful for the global investor community’s support, which enables IDA to expand its development agenda in the world’s most vulnerable regions,” said Jorge Familiar, Vice President and Treasurer, World Bank. “Together, we are building opportunities and resilience for those who need it most.”

Investor Distribution

Joint Lead Manager Quotes

"Congratulations to IDA on the pricing of the new USD benchmark. The order book reflects the continued global support for IDA’s development mission. Barclays is proud to have partnered on this transaction and to support the critical work of IDA," said Alex Paterson, Managing Director, Head of SSA Debt Capital Markets (DCM), Barclays.

"Big congratulations to the funding team – this outcome showcases IDA's credit and its global investor base," said Salma Guerich, DCM SSA Originator at BNP Paribas.

"We are thrilled to have participated in IDA’s first USD benchmark of their new fiscal year. The support from Central Banks and Official Institutions underscores the appeal of IDA's important work with low-income countries around the world,” said Katrin Wehle, Head of SSA DCM, Deutsche Bank.

“Congratulations to the IDA team on its return to the USD market with a USD 3 billion offering, marking its first USD issuance of this fiscal year. This transaction demonstrates support from the investor community for its vital mission. Scotiabank is pleased to have supported this transaction, helping IDA fulfil its mandate to support low-income countries,” said Cesare Roselli, Global Head of SSA Origination, Scotiabank.

Transaction Summary

This press release does not constitute or form part of and should not be construed as an offer for sale or issue or the solicitation of an offer to buy or acquire the securities described in any jurisdiction or an inducement to enter into investment activity. No part of this press release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The offering and sale of the securities described in this document are subject to restrictions under the laws of several jurisdictions. Securities may not be offered or sold except in compliance with all such laws.

Net proceeds of the securities described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs. Payments on the securities described herein are not funded by any project or program.

About IDA
The International Development Association (IDA), rated Aaa/P-1 and AAA/A-1+ (Moody’s/S&P), is one of the largest sources of funding for fighting extreme poverty in the world’s poorest countries. Since its establishment in 1960, IDA has provided about USD400 billion for investments in over 100 countries. As an institution of the World Bank Group, IDA combines global expertise with an exclusive focus on reducing poverty and boosting prosperity. Proceeds of IDA bonds support sustainable development projects and programs in IDA eligible countries. Projects and programs supported by IDA are designed to achieve a positive social impact and undergo a rigorous review and internal approval process aimed at safeguarding equitable and sustainable economic growth. Information on IDA bonds is available at https://treasury.worldbank.org/IDAfundi.

Contact
World Bank Treasury,
IDAInvestorRelations@worldbank.org