IDA Funding Program

WASHINGTON, DC, May 13, 2026 - The International Development Association (IDA, Aaa/AAA) priced a Euro-denominated 15-year Sustainable Development Bond that matures on May 20, 2041. The bond raised EUR 2 billion from investors globally to support the financing of IDA’s sustainable development activities in member countries.

The bond offers an annual coupon of 3.625% and an issue price of 99.227%. It was priced at 26.4 basis points over the German Bund reference bond, offering investors an annual yield of 3.693%. DZ Bank, LBBW, Natixis, and NatWest are joint lead managers for the transaction.

“We are delighted with the response from Euro investors for this IDA 15-year benchmark bond, which reaffirms IDA’s position as a trusted, high-quality borrower with a mission that resonates deeply in capital markets. The strong demand reflects investors’ commitment to positive impact in low-income countries - where IDA helps economies develop, businesses thrive, and people access the opportunities they need to build better lives,” said Jorge Familiar, Vice President and Treasurer, World Bank Group.

Investor Distribution

Lead Manager Quotes

“Today’s deal demonstrates the strong following IDA has established amongst European investors across the spectrum. This first IDA transaction in over six months sets another important reference point at the longer end of the curve, thereby confirming the role of the EUR as the key currency for managing the long end on the liability side. Congratulations to IDA on the smooth execution and the excellent result. The DZ BANK team is pleased it had the opportunity to support IDA in their mission to end extreme poverty and boost shared prosperity on a livable planet,” said Friedrich Luithlen, MD, Head of Syndicate and Debt Capital Markets (DCM), DZ BANK.

“It was a particular privilege to support the International Development Association (IDA) with this landmark 15-year Sustainable Development Bond for EUR 2 billion. The broad international investor demand in excess of EUR 5 billion was a testimony both to IDA’s outstanding mission in support of low-income countries and excellent recognition in the triple-A market. No doubt this volatile world is a better place with IDA and the World Bank Group!” said Patrick Seifert, Global Head of Corporates & DCM, on behalf of LBBW’s team.

“We are delighted to have supported IDA on its return to the euro market for the much anticipated first issuance of 2026. The EUR 2 billion 15-year benchmark is a testament to IDA's exceptional credit standing and the unwavering confidence of the investor community in the institution's mission. Pricing 2 basis points through initial guidance, in a market navigating geopolitical headwinds, speaks volumes about the quality of IDA's name. Natixis is proud to have acted as Joint Lead Manager on this landmark transaction,” said Thomas Leocadio, Co-Head Public Sector DCM, Natixis.

“IDA returned to the EUR primary market with a 15-year benchmark transaction. The deal attracted a highly diversified and granular EUR 5.2 billion order book, it’s largest since January 2025, enabling an excellent EUR 2 billion print. This issuance reflects our wider commitment and focus on supporting sustainable development, and we are proud to have been involved at NatWest,” said Damien Carde, Managing Director, Head of Frequent Borrower Group DCM, NatWest.

Transaction Summary

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/en/about/unit/treasury/ida-funding

Disclaimers

This press release is not an offer for sale of securities of the International Development Association (IDA). Any offering of IDA securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by IDA or on behalf of IDA, and is subject to restrictions under the laws of several countries. IDA securities may not be offered or sold except in compliance with all such laws. The IDA Sustainable Development Bond Framework, the IDA’s Sustainable Development Bond Impact Report, and the information set forth therein are not a part of, or incorporated by reference into, the offering documentation.

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

Contact

Investor Relations, Ratings, and Sustainable Finance, World Bank Group Treasury

IDAInvestorRelations@worldbank.org