IBRD

IBRD's commitments were on par with the prior year at $23 billion, while disbursements increased by 16% to $20 billion in FY19.

It should be noted that in January Chief Executive Officer for the World Bank Kristalina Georgieva during the meeting with President of Azerbaijan Ilham Aliyev in Davos proposed to consider increase of the country's shares in IBRD and IFC.

The minister recalled that the "draconian" conditions of disbursement of the loan rely on 10 indicators imposed by the IBRD.

World Bank president Jim Yong Kim said on Saturday that IBRD shareholders had agreed to increase paid-in capital by USD7.5 billion, and callable capital by USD52.6 billion, pending final approval by the board and shareholders.

The Norton Rose Fulbright team was led by partner Davide Barzilai with assistance from Mark Brighouse, who said this is the first time that IBRD has supported an Islamic facility and was also the largest underwritten term loan for any Pakistani borrower.

At the World Bank-IMF Spring Meetings in Washington, DC, yesterday, Werner Hoyer, the EIB president, acting on behalf of the GEMs Risk Database Consortium, and Joaquim Levy, the managing director and chief financial officer of the World Bank signed a membership agreement, making the IBRD the nineteenth member of the consortium.

New Delhi [India], Dec 28( ANI ): An agreement for the International Bank for Reconstruction and Development (IBRD) credit of USD 40 Million for 'U.P.

FX reserves as on September 22nd, 2017 were $20.051 billion while SBP reserves were $14.133 billion adequate to cover about 3 months of imports well above the threshold defined by the Bank for IBRD eligibility.

The total project cost is US$1,633.75, of which US$1,088.75 million is provided from the UTY own funds, the state budget and the Fund for Reconstruction and Development of Uzbekistan, US$350 million from China Exim Bank, and US$195 million from the World Bank (in particular, the International Bank for Reconstruction of Development or IBRD).

"Pakistan is expecting to receive $500 million from the International Bank for Reconstruction and Development (IBRD)" sources said adding: "The disbursement of aforesaid amount might take some time.

Global Banking News-January 23, 2014--Singapore's IBRD subscription raised