THE WORLD BANK IMPACT REPORT

Sustainable
Development Bonds& Green Bonds

2022

INVESTOR RELATIONS & SUSTAINABLE FINANCE
Capital Markets & Investments Department
The World Bank Treasury
1818 H Street, NW
Washington, DC 20433
USA
E
T
W

debtsecurities@worldbank.org+1 (202) 477-2880
treasury.worldbank.org/capitalmarkets

World Bank Sustainable Development Bonds & Green Bonds: Impact Report 2022
Cover photo credit: Shifaaz-Shamoon / Unsplash
June 2023

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Acknowledgements

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

This report was prepared by the Investor Relations and Sustainable Finance team in the WorldBank Treasury.
The report benefited from consultation with technical experts in World Bank Global Practices,thematic areas and corporate partners including Viviane Wei Chen Clement, Samuel Fargher, Sohee
Gu, Rahul Kitchlu, Sonia Luthra, Catherine Sear, Janak Shrestha, and Nancy Vandycke in Climate
Change; Mayra Murad Khan and Kristyn Schrader-King in Education; Nadja Bleiber, Marie Destailleur,Lisa Farroway, Olga Gavryliuk, Valerie Hickey, Hannah McDonald-Moniz, Christian Peter and Elisson
Wright in Environment, Natural Resources & Blue Economy; Brett Libresco, Liz Koechlein, Mame
Fatou Niasse, Kristyn Schrader-King, and Cindy Suh in Gender Equality; Alexandra Humme, Kyoko
Okamura, and Meera Shekar in Health, Nutrition and Population; Said Dahdah in Transport; Laura
Ivers and Yousra Abdel Rahman in Urban, Disaster Risk Management, Resilience & Land; Meriem
Gray, Yogita Mumssen, and Ntombie Z. Siwale in Water; Frances Brennan and Leslie Yun in Externaland Corporate Relations; Paloma Anos Casero, Uwimana Basaninyenzi, Wolfgang K.C. Koehling,
Lisandro Martin, Una Meades, Sara Okada, Shaela Rahman, and Xiaoxin Shi in Operations Policy &Country Services; and Benedicta Balagbogbo, Susan Evans, Brian Fischer, Raj S. Srinivasan, Akosua
Otema Ofori, Christian Mirabella, Giorgio Saavedra, Fotios Stravoravdis, Shriram Sukumar, PierreAlexandre Thil in Finance & Accounting. The team also received support from and wish to thank thefollowing task team leaders for providing insight on the projects featured in this report: Heriniaina
Mikaela Andrianasy, Diego Ambasz, Bledi Celiku, Sheena Chhabra, Maria Eugenia Davalos, Gabriel
Demombynes, Ndeye Awa Diagne, Ferhat Esen, Katharina B. Gassner, Camila Mejia Giraldo, Alejandro
Hoyos Guerrero, Rifat Afifa Hasan, Abdallah Jabbour, Chan Jan, Toyoko Kodama, Samia Melhem,
Emma Mercedes Monsalve Montiel, Monica L. Parra Torrado, Donato De Rosa, Boban Varghese Paul,
Stavros Papageorgiou, Paula Pedreira de Freitas de Oliveira, Paula Restrepo Cadavid, Diana Marcela
Rubiano Vargas, Remi Charles Andre Trier, Luis Miguel Triveno, and Canan Yildiz Uz.
We are grateful to SEI Latin America for their collaboration on mapping the IBRD project portfolio to
the Sustainable Development Goals and developing the visualizations.
We would like to thank Sarah Cochrane, Sarah Kim, Isaias Losada Revol, and Bart Servaes in theWorld Bank’s Legal Finance department, Otilia Ciotau and Fernanda Zavaleta in the Office of theManaging Director and Chief Financial Officer, and Carina Carrasco and Elaine Su in the Office of theVice President and Treasurer. Finally, we thank George Richardson, Director for Capital Markets andInvestments, for his support.
Colleen Keenan authored this report with guidance from Heike Reichelt and key contributions from
Sezin Paydas, Scott Cantor, Tara Fermanto, and Juwon Lim.

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List of Abbreviations
AUD		

Foreword

Introduction

Sustainable
Development
Goals

Australian dollar

CCDR		Country Climate and 				Development Report
CNH		

Chinese yuanCOD		chemical oxygen demand

COP		

Colombian peso

CO2		carbon dioxide

ESG		Environmental, social, and		governanceKm		kilometerMJ		megajoulesMW		

megawattMWh		

megawatt-hour

MXN		

Mexican peso

NOK		

Norwegian krone

NZD		

New Zealand dollar

OECD		Organisation for 					
Economic Cooperation and		Development

EU		

European Union

EUR		

euro

GBP		

Pound sterling

GEL		

Georgian lariGHG		greenhouse gas

GRI		

Global Reporting InitiativeGWh		

gigawatt-hour

ResourcesHa		

hectareSSA		
sovereign, supranational 				and agency

External Review

IBRD		
World Bank (International
		Bank for Reconstruction 				and Development)

TCFD		
Task Force on Climate-				
Related Financial 				Disclosures

ICMA		
International Capital 				Market Association

tCO2eq.		
tons of carbon dioxide 				equivalent

IDA		
International Development
		Association

USD		

U.S. dollar

USD eq.

U.S. dollar equivalent

IDR		

UYU		

Uruguayan peso

Issuance
Programs

ImpactIndonesian rupiah

SDB		
Sustainable Development 				BondSDGs		
Sustainable Development 				Goals
SEI		
Stockholm Environment 				Institute4

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THE WORLD BANK IMPACT REPORT 2022

Executive Summary

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactImpact reporting by its nature is a dynamic and evolving process. Our holistic
approach, covering all bonds, focuses on disclosure and transparency. We
aim to enhance reporting as the sustainable finance landscape evolves, toencompass a greater share of international capital markets.
The impact report is prepared with World Bank (International Bank for Reconstruction andDevelopment, IBRD) bond investors in mind. It covers IBRD bonds issued in fiscal year 2022 (FY22),
which runs from July 1, 2021 until June 30, 2022. The report illustrates how World Bank bondproceeds support the financing of sustainable development projects and programs in IBRD member
countries and contribute to achieving the Sustainable Development Goals (SDGs).
The World Bank Treasury Investor Relations and Sustainable Finance team prepares the impact
report annually, beginning after the World Bank’s annual report is published late in the calendar
year. The team spends five to six months on data collection, validation and analysis, research,
consultation, drafting of content, and design.
This impact report presents updates from World Bank management, key development topics andemerging themes, and enhancements to our reporting alongside highlights of the Sustainable
Development Bond (SDB) issuance program including a summary of annual commitments anddisbursements, and project results for IBRD-financed green and social projects.

Resources

External Review

Photo by Volodymyr Kalyniuk/iStock5

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Inside the ReportManagement Voices. Anshula Kant, World Bank Group Managing Director and Chief Financial
Officer, and Jorge Familiar, Vice President and Treasurer, provide updates on the World Bank’s efforts
to employ the financial capacity and expertise of the World Bank to support member countries andtheir populations, as they continue to deal with simultaneous crises and evolving threats.

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

An Evolving World Bank Group Mission. The World Bank Group is exploring ways to better address
the scale and urgency of the development challenges affecting its ability to achieve its mission. We
provide more information on the engagement between Management, the Board, and stakeholders on
the process to evolve the World Bank Group’s mission and operating and financial models.
Paris Alignment. The World Bank Group made a commitment in our Climate Change Action Plan 202125 to align IBRD and IDA financing operations with the goals of the Paris Agreement starting from July
1, 2023. We provide additional information and links on the World Bank Group’s integrated vetting
approach—screening, managing, and reducing climate risks for both mitigation and adaptation—for
every project, consistent with the objectives of the Paris Agreement and a country’s pathway toward
low greenhouse gas (GHG) emissions and climate-resilient development.
A Focus on Nature. This year’s report takes a closer look at nature which encompasses biodiversity
and ecosystem services, and the intersection of nature and development. In highlighting theWorld Bank’s efforts, Valerie Hickey, Global Director for Environment, Natural Resources, and Blue
Economy, explains that nature must be at the core of sustainable development efforts, that climatechange and nature are critically intertwined, and that finance must work for nature and avoid
harmful practices. You can see examples of projects with biodiversity components in the Featured
Projects section of the report.
External Review. For the first time we have included a post-issuance external review of thecommitments and disbursements of IBRD-financed loans. Management’s attestation and the relatedschedule of commitments and disbursements along with the conclusions of the external review canbe found at the end of the report.
The Dataset. The 680 projects that make up the SDB project dataset for this report includes IBRDfinanced projects that had a new loan commitment or a disbursement in FY22. The SDB project
dataset also includes green bond projects, which are marked by a green leaf to allow for filtering.
The rationale for when to begin including projects in the Green Bond program, which has been in
operation since 2008, has not changed: new projects are added only after a project’s disbursements
have begun.1
The Sustainable Development Goals. For another year, we have partnered with the Stockholm
Environment Institute (SEI), an independent research and policy non-profit, to map the portfolio ofWorld Bank projects to the SDGs. We also summarize the paper we published with SEI in October
2022 on our SDG mapping methodology and present portfolio level SDG mapping visualizations
for the portfolio of 680 projects. We provide SDG mapping at the project level in Excel format thatinvestors can request through the website.
The Funding Program. In addition to providing a quantitative summary of the issuance program(issuance volumes, maturity, currency), we also provide a narrative overview of the program. This
includes program goals and a recap of our funding strategy, a look into annual funding volumes
and liquidity, as well as other updates such as the types of debt products that make up theissuance program.

1“Green bond projects” (or “Green bond project portfolio”) and “SDB projects” (or “SDB project portfolio”), refer to IBRD funded projects, the financing of which, is supported bygreen bonds or SDBs respectively, and references to projects “included in” or “contained in” green bond or SDB programs must be interpreted accordingly. The net proceeds ofthe 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 notfunded by any particular project or program.

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Aggregated Results. We present two sets of aggregated results: (1) the estimated, future or
projected results of projects that were newly approved in FY22, and (2) actual results of active
projects in the implementation phase during the fiscal year using World Bank “Tier 2” Corporate
Scorecard indicators, which reflect results reported by countries implementing IBRD-supported
operations. Some figures are ex-ante estimates such as net GHG emission reduction and energy/
fuel savings rather than actual results. It is also important to note that these aggregated results
represent only a subset of results, representing those which we can aggregate using the indicatorspresented in the scorecard. Additional project results are in the Project-level Reporting section of thereport.

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Featured Projects. This year we are presenting one project story for each sector the World Bank uses
to organize its lending to provide an example of the types of projects that fit into each sector. We
also feature two projects that include the gender tag to show what that looks like in practice, andtwo projects which incorporate biodiversity components.
Project-level Results. We publish detailed project-level reporting on the World Bank website.
Investors can download the tables in PDF or request the Excel spreadsheets through a link on thewebsite. We use the Harmonised Framework for Impact Reporting as a reference for how we present
project-level data. That framework continues to evolve since the original version initiated by theWorld Bank and others, first published in 2015. We share project descriptions, a link to the project
documentation and report, commitment and disbursement figures, percentage of climate finance or“climate co-benefits” for projects approved from FY11-22, project results, and SDG mapping.
Other Resources. The impact report is an integral part of the World Bank’s sustainability andresults reporting, which will also continue to evolve. The Resource section provides additional
information to aid the user of the report by providing additional context for World Bank bondissuance and sustainability performance and commitments. These resources include: the impact
reporting approach and an explanation of the alignment of the World Bank’s SDB framework to the
Sustainability Bond Guidelines published by the International Capital Market Association (ICMA).
We also describe and link to additional World Bank results and core sustainability reporting,such as the GRI, and the World Bank’s first Climate Related Financial Disclosures using the TCFD
recommendations in FY22. Risks and opportunities of the Bank’s activities due to climate change
have previously been reported through CDP (formerly known as the Carbon Disclosure Project),
starting in 2009. The World Bank Group was the only multilateral development bank to reportthrough CDP. Finally, we list the key groups that hold the World Bank accountable to its clients andshareholders.
Notes. This report uses the terms “nature,” “biodiversity,” and “ecosystem services,” which are closely
related. Nature refers to the ensemble of living organisms and the functions of the biosphere. The
symbiosis between living organisms and the abiotic (nonliving physical and chemical) environment
gives rise to ecosystems that control fluxes of water, carbon, energy, and nitrogen, among others.
Biodiversity is the variability of genes, species, and ecosystems. The more diversity there is, themore ecosystems are resilient to shocks and hence able to sustain natural processes and provide
valuable services to people. These natural processes provide ecosystem services that are in turnessential to our existence. In this report, the term “nature” is used to encompass “biodiversity” and“ecosystem services.”2
Dollar ($) figures in this document are U.S. dollar values unless otherwise specified.

2

World Bank, The Economic Case for Nature: A Global Earth-Economy Model to Assess Development Policy Pathways, 2021.

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Table of Contents
Foreword............................................................................................................................................................. 9
Foreword

Introduction

A Message from the Managing Director and World Bank Group Chief Financial Officer.........................10
A Message from the Vice President and Treasurer...........................................................................................12

Introduction................................................................................................................................................... 14
FY22 Snapshot.........................................................................................................................................................15
About the World Bank............................................................................................................................................16

Sustainable
Development
Goals

The World Bank’s Commitment to Paris Alignment........................................................................................ 17
Putting Nature at the Core of Development Efforts........................................................................................18

Sustainable Development Goals: Impact & Engagement......................................... 21
Issuance
Programs

Engaging with Investors on the Sustainable Development Goals................................................................ 22
Looking at the Portfolio through an SDG Lens................................................................................................. 26
An Evolving Dialogue with Investors................................................................................................................... 28

ImpactIssuance Programs.................................................................................................................................. 30
Funding Overview....................................................................................................................................................31

Resources

Issuance Highlights................................................................................................................................................ 32
Sustainable Development Bonds | Commitments & Disbursements........................................................... 33
Green Bonds | Commitments & Disbursements............................................................................................... 35

External Review

Capital Markets Engagement & Acknowledgements...................................................................................... 37

Impact................................................................................................................................................................ 39
Showcasing Results from an Outcome Lens.................................................................................................... 40
Achieved Results.................................................................................................................................................... 42
Projected Results.................................................................................................................................................... 45
Featured Projects................................................................................................................................................... 46
Project-Level Reporting........................................................................................................................................60

Resources......................................................................................................................................................... 61
Impact Reporting Approach................................................................................................................................. 62
Alignment with Market Standards..................................................................................................................... 66
World Bank Annual & Sustainability Reporting............................................................................................... 70
Accountability Mechanisms................................................................................................................................. 72

External Review.......................................................................................................................................... 738

Foreword

Photo by Goran Safarek/iStockTable of Contents

Foreword

THE WORLD BANK IMPACT REPORT 2022

A Message from theManaging Director
and World Bank Group
Chief Financial Officer

Introduction

Sustainable
Development
Goals

Issuance
Programs

We continue to face very challenging times. Rising interest rates, high and persistent inflation, slow
growth, disruptions to global markets combined with commodity and food price shocks, paint a
stark global backdrop. Many countries are also facing rising and unsustainable debt burdens andfragmented globalization due to geopolitical tensions and conflict, including Russia’s invasion of
Ukraine. This confluence of crises is affecting emerging market and developing countries and has led
to a set-back in achievements gained over the past decades in poverty reduction and combatting
inequality, which are central to the World Bank Group’s mission. As we take stock of how the WorldBank can do more to support member countries in their response to crises, we value the opportunity
to report to investors on the impact of our work.

ImpactResources“Our goal is delivering impact at greater scale, while keeping infocus global public goods and global challenges and catalyzing
good country outcomes.”

External Review

Photo by fbxx/iStock10

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It will take vast financial resources – with some estimates reaching $2.4 trillion3 –to help our client
countries regain lost ground and get back on a path towards reaching the Sustainable Development
Goals, while building climate resilience. We have been stepping up our support. This means increasingclimate finance, which totaled 38% of all IBRD financing in FY22, of which 50% is dedicated to climate
adaptation. The Paris Alignment of all World Bank operations starting July 1, 2023, strengthens our
focus on climate action in line with our poverty reduction and equity goals.

Foreword

Introduction

Sustainable
Development
Goals

At the same time, we are actively working to bolster the role and capacity of the World Bank to serve
the evolving needs of all client countries. We are presently engaging with our shareholders and global
stakeholders to evolve the World Bank Group’s mission, expand resources, and revamp our operating
model to be fit for purpose to meet global challenges. We are laying plans to increase IBRD financing
by a total additional amount of $50 billion over ten years. We are exploring several options including
hybrid capital instruments, expanding risk transfer models and co-financing arrangements, so that
we can bring more efficiency in delivery of resources to client countries.
There is so much more work to do. What is clear is that this evolution and meeting these challenges
will be all about partnerships going forward. Our goal is delivering impact at greater scale, while
keeping in focus global public goods and global challenges and catalyzing country outcomes.
Engagement with the private sector will be essential to delivering impact. World Bank bonds willcontinue to provide an opportunity for global investors to be part of our efforts to mobilize funds forsustainable purposes and innovate to scale up these efforts.

Issuance
Programs

Anshula Kant | Managing Director and World Bank Group Chief Financial Officer

ImpactResources

External Review

3

https://www.oecd.org/newsroom/covid-19-crisis-threatens-sustainable-development-goals-financing.htm.

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A Message from the Vice
President and Treasurer
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

I am pleased to share the FY22 World Bank impact report which summarizes IBRD’s capital markets
activities and sustainable development projects in member countries during the fiscal year. We arehighlighting biodiversity in this year’s report, to reflect engagement we have had with investors on theimportance of biodiversity as a cornerstone of development that is a key topic for many investors.
The World Bank is focused on expanding access to financing and leveraging investors’ interest in
sustainability to assist member countries in tackling development challenges and building resiliencein the face of the most pressing issues they are facing today, including debt relief, poverty, inequality,
fragility, the Russian invasion of Ukraine and other conflicts, nature loss, and climate change.
The World Bank is one of the most effective engines for facilitating private capital to support
sustainable development. With about $20 billion in shareholder’s capital the World Bank hasborrowed over $1 trillion from capital markets to support low-cost lending for sustainable
development to member countries over the years. World Bank bond issuance provides a platform forsustainable development through which investors can participate in the financing of projects andprograms that are helping countries build a sustainable future. Continued innovation and a drive toscale up successful initiatives are essential to bridge the gap between limited resources and massive
development needs.

“The World Bank is one of the most effective engines forfacilitating private capital to support sustainable development.”

External Review

Photo by Chor Sokunthea/World Bank

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One of the World Bank’s latest innovations is the Emission Reduction-linked Bond designed tomobilize private capital, where investors forego ordinary IBRD coupon payments in return forcoupons linked to carbon credits, to support the financing of a project that provides clean drinking
water to about two million Vietnamese schoolchildren. This is the second in a series of “outcome”
bonds, following the Wildlife Conservation Bond, which is a principal-protected product where
investors agree to forego ordinary IBRD coupon payments to finance rhino conservation activities, inexchange for a conservation success payment based on the final rhino population growth rate.4

Foreword

Introduction

Sustainable
Development
Goals

The World Bank also continues to structure and execute catastrophe (cat) transactions that mobilize
the risk-bearing capacity of private investors to assume our clients’ natural disaster risk. The $630
million Chile cat risk transfer transaction is the latest and largest single-country catastrophe risk
transfer transaction executed by the World Bank. Cat bonds and swaps not only provide immediateliquidity in case of a disaster but also create fiscal space in the public budget to help address highly
destructive but low-frequency events.
International cooperation, public and private partnerships, and communication among stakeholders
are at the heart of efforts to achieve the SDGs and tackling near- and long-term global challenges
such as climate change. We know that addressing these challenges will cost trillions in public andprivate spending per year through 2030. Considering the enormous scale of financing needed, we
will use our bond issuance and lending, advisory services, technical assistance, innovative financing
structures, and risk mitigation mechanisms to foster and amplify private capital flows to our client
countries toward achieving the SDGs.

Issuance
Programs

Jorge Familiar | Vice President and Treasurer

ImpactResources

External Review

4

For more details about these and other IBRD bonds, please refer to the Sustainable Development Goals: Impact & Engagement section of the Impact Report.

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Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Introduction

Photo by niko photos
14on Unsplash

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THE WORLD BANK IMPACT REPORT 2022

FY22 Snapshot
A selection of
results achievedby projects in FY225

Foreword

Introduction-8.4 million

680

1,492 GWh

90%

renewable power generation
expanded annuallyof projects with dedicated climate
components7 equivalent to 38% of
IBRD commitments

34.6 million

46

tCO2eq net GHG emissions
annually6

Sustainable
Development
Goals

Issuance
Programs

Impactpeople covered by social
safety net programs

16.7 million

Resources

projects supported by IBRD financing

IBRD countries supported toward
institutionalizing disaster risk
reduction as a national priority

people provided with essential
health, nutrition, andpopulation services

External Review

6.8 million

people with access toimproved water sources$40.8 billion
in bonds issued

8

5

6
7

8
9

$28.2 billion		
in funds disbursed		$33.1 billion

in new lending committed9

In FY22, Sustainable Development Bonds supported the financing of a portfolio of 680 IBRD projects that had a new commitment and/or a disbursement during the fiscal year.
These results highlights are a subset of the Achieved Results presented in the Impact section of this report, which include selected outcomes and outputs of IBRD-supported
activities achieved by client countries during the fiscal year using World Bank Corporate Scorecard Tier 2 indicators
The indicator refers to ex-ante annual net GHG emissions at the portfolio level, calculated as the sum of annual net emissions for projects approved during FY22. It applies tooperations where agreed GHG accounting methodologies exist and is based on ex-ante estimation performed during project preparation.
Dedicated climate components include what the World Bank calls “climate co-benefits.” The calculation for climate co-benefits is based on the joint Multilateral Development
Bank methodologies for tracking climate finance in adaptation and mitigation (published in the annual Joint Report on Multilateral Development Banks’ Climate Finance).
For more information please see: https://www.worldbank.org/en/news/feature/2021/03/10/what-you-need-to-know-about-climate-co-benefits. These figures refer to newcommitments made in FY22.
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 particular project or program.
New lending committed refers to commitments made by IBRD in FY22 net of cancellations and terminations.

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About the World Bank
Mission & Strategy
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

The International Bank for Reconstruction and Development (IBRD) was established in 1944 andis the original member of the World Bank Group. IBRD is an international organization and global
development institution owned by 189 member countries. As the largest development bank in
the world, it supports the mission of the World Bank Group10 by providing loans, guarantees, risk
management products, and advisory services to middle-income and creditworthy low-income
countries. This report focuses on IBRD bond issuance, projects, and results.
Tackling climate change is central to the World Bank Group’s mission to end extreme poverty andboost shared prosperity in a sustainable manner. The World Bank’s Climate Change Action Plan
moves from investing in green projects to greening entire economies and commits the World Bank
to integrate climate and development including through Country Climate and Development Reports;
step up finance by committing thirty-five percent of our financing on average to climate action; alignall our financing flows with the Paris Agreement starting from July 1, 2023, and prioritize efforts inhigh-impact sectors that account for ninety percent of global emissions: energy; agriculture, food,water, and land; cities; transport; and manufacturing. The World Bank applies a climate lens toall sectors not only those traditionally associated with climate action. Nature-based solutions areintegral to these efforts and climate action.
Evolving to meet global challenges. The World Bank Group is engaged in evolving our mission,
operations, and resources to better address the scale of development challenges such as poverty,
shared prosperity, inequality, and global challenges including climate change, pandemics, andfragility, conflict, and violence, that affect the Group’s ability to achieve our mission. These plans
are outlined in Evolving the World Bank Group’s Mission, Operations, and Resources: A Roadmap.
The Board and shareholders, working closely with World Bank Group Management, are leading theevolution process through a transparent, inclusive, and iterative process that includes engagement
and consultation with other stakeholders over the course of the year.

External Review

Photo by pirjek/iStock

10 The World Bank Group consists of five organizations: International Bank for Reconstruction and Development, International Development Association, International FinanceCorporation, Multilateral Investment Guarantee Agency and International Centre for Settlement of Investment Disputes.

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The World Bank’s
Commitment toParis Alignment
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

The World Bank Group made a commitment in our Climate Change Action Plan 2021-2025 to align all
our financing operations with the goals of the Paris Agreement. The World Bank is on track to align100% percent of new operations, starting from July 1, 2023. This is part of a broader multilateraldevelopment bank (MDB) vision to align financing flows with the objectives of the Paris Agreement.
The World Bank Group’s Paris Alignment undertaking will entail an integrated vetting approach—screening, managing, and reducing climate risks for both mitigation and adaptation—for every
project, using publicly disclosed Instrument Methods (World Bank) and Sector Notes in line with the
MDB Paris Alignment Approach.
By Paris Alignment, we mean that with respect to World Bank Group financial support for any
country, public or private entity, as applicable, new financing flows and guarantees provided by
the World Bank Group will be consistent with the objectives of the Paris Agreement and a country’s
pathway toward low GHG emissions and climate-resilient development. Paris Alignment is assessedin the broader context of the World Bank Group’s twin goals to end extreme poverty and promoteshared prosperity in a sustainable way and considers, among other things, equity concerns andthe principle of common but differentiated responsibilities and respective capabilities, in light ofcountries’ different national circumstances.
All World Bank–financed operations, beginning July 1, 2023, will support the deployment of lowercarbon options, as applicable, whenever technically and economically feasible, prevent carbon lockin, and ensure that material climate risks have been assessed and reduced to an acceptable level
through the design of the operation. In line with the Paris Agreement, the World Bank Group’s Paris
Alignment approach recognizes that countries have different circumstances in implementing theParis Agreement. As such, our Paris Alignment assessments will be operation-, context-, and timespecific, and for a given set of development objectives.
The World Bank Group’s Paris Alignment process will involve learning-by-doing, refining guidance,building capacity, and adapting mechanisms as lessons emerge. It will also be iterative astechnologies, markets, and innovations help drive down costs of lower-carbon, resilient options.

Photo by Simone D. McCourtie/World Bank

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Putting Nature at the Coreof Development Efforts
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Interest in biodiversity has grown rapidly as investors seek ways to both contribute to biodiversity
through investment, and to show they consider nature-related risks in their investments and policies.
We are seeing national regulations and global standards emerge like France’s Article 29 of the law
on Energy and Climate, which requires French financial institutions to disclose nature- and climaterelated risks and impacts, and the Taskforce on Nature-related Financial Disclosures, which provides
a framework for organizations to report and act on evolving nature-related risks. The UN Biodiversity
Conference (COP 15) in December 2022 also helped put biodiversity at the top of many investors’
agendas and further energized global public and private stakeholders to make commitments. The
World Bank plays a key role in supporting member countries with policy advice, knowledge, andfinancing for nature; so Colleen Keenan sat down with Valerie Hickey, the World Bank’s Global Director
for Environment, Natural Resources, and the Blue Economy, to hear more about what is happening.

How do nature and development intersect? How should we understand theWorld Bank’s role in the context of nature loss and development?
Nature is essential for development. We are completely dependent on nature for survival, wellbeing,
and economic prosperity. Biodiversity, and the ecosystem services it supports—such as food andraw materials, water filtration, and climate regulation—underpin development in tangible ways. But
nature is in an unprecedented decline that threatens the critical ecosystem services economies andcommunities rely on. At the same time, nature loss is interconnected with climate change. These twocrises reinforce each other and can push the planet toward dangerous tipping points.

“Investing in nature requires a whole-of-government
approach and whole-of-society action.”

Photo by Lakshman Nadaraja/World Bank

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The poorest economies and the most vulnerable communities that depend most on nature also standto lose the most from nature loss and climate change. These are the communities and countries
where the World Bank works. Nature loss, climate change, and recent crises-related reversals indevelopment gains put at risk their prospects to grow out of poverty and threaten to drive even more
people into extreme poverty.

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

We know that nature loss can be traced to five direct drivers: land and sea use change; direct
exploitation; climate change; pollution; and invasive species. Socioeconomic and demographic trends,
technology, valuation, and governance factors are encouraging the unsustainable production andconsumption driving nature loss. Market, policy, and institutional failures are keeping economies
on unsustainable development paths. Plus, environmental and development policies and theirimplementation often do not intersect. The World Bank is working with countries and partners to
help shift these structures toward sustainable models that conserve and restore natural capital forgreen, resilient, and inclusive development that can support long-term growth.

Can you talk more about what the World Bank is doing to help member
countries incorporate nature in development —and how the World Bank isleading on nature?
First, we are mobilizing financing for nature. The World Bank’s FY22 active portfolio included $2.8
billion of direct investments in biodiversity, of which $1.1 billion was IBRD commitments, and we are
increasing our investments, while incorporating safeguards to identify and mitigate risks to nature.11
Second, we are expanding partnerships committed to nature-positive development through our
projects. Investing in nature requires a whole-of-government approach and whole-of-society action.
Communities need to represent their own interests and co-own decisions and solutions. We are also
working with the private sector to green financial flows and decisions and mobilize additional funds
for nature investments.
Third, we are moving beyond conservation alone. We cannot risk creating islands of biodiversity
in a global parking lot. We need to prioritize nature across all development sectors. Think about
agriculture: it is the foundation of food security, yet extremely vulnerable to climate change and amajor contributor to GHG emissions, as well as habitat and biodiversity loss. Our Climate-Smart
Agriculture approach for example, aims at the triple win of increasing productivity, protecting foodsupply, and reducing emissions—while protecting biodiversity.
Fourth, we are investing in data and analytics to understand, measure, and capture the valueof nature on public- and private-sector balance sheets to aid decision-making. Think about acountry whose forests support the economy through nature-based tourism; but these forests are
disappearing through environmental degradation and the loss is not accounted for. We are helping
countries measure the contribution of resources like forests to the economy and consider themin policy decisions. One example is The Economic Case for Nature, part of a series of papers by
the World Bank, that lays out the economic rationale for investing in nature and recognizes how
economies rely on nature for services that are largely underpriced.
Finally, we cannot forget pollution, which causes 9 million premature deaths per year, 95 percentof these in low- and middle-income countries. Pollution also undermines educational outcomes,
undercuts productivity, and increases health care costs. The World Bank is helping countries address
pollution not only by managing waste, but also by supporting a shift toward more circular economies
and sustainable consumption and production choices.

11

See the Impact section of this report for examples of projects that are supporting nature-related investments.

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How can we measure success?
We have plenty of examples of success that address nature loss and harness ecosystem services
to support sustainable development. Our challenge is to scale up successes and mainstream theminto decision-making across all levels and sectors, including the financial sector. There are also large
potential societal benefits of investing in nature to tackle multiple challenges simultaneously, including
food and water security, disaster risk management, human health, and climate change mitigation. At
the World Bank, this means mainstreaming nature-based solutions into all project financing.

Foreword

Introduction

Sustainable
Development
Goals

Success also means boosting regulatory and policy incentives for government buy-in and increasing
financial resources; employing safeguards to balance risks and tradeoffs; defining adaptation
opportunities; and supporting a whole-of-economy approach to address the drivers of nature loss,
including by shifting value chains towards sustainable practices and greener jobs. At the same time,
we need to create the enabling conditions for private-sector investment including the regulatoryenvironment to bring investors in and redirect financial resources that may currently be harming
nature to nature-positive projects and companies. Ultimately, we need to see nature as central toclimate and development and sustainable and inclusive growth.

Valerie Hickey | Global Director, Environment, Natural Resources, and the Blue Economy

Issuance
Programs

ImpactResources

External Review

Photo by valio84sl/iStock20

Sustainable Development Goals:
Impact & Engagement
Photo by David Skyrius/Pexels

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Engaging with Investors
on the Sustainable
Development Goals
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactWe use the Sustainable Development Bond issuance program to engage investors on the WorldBank’s development mandate. World Bank bond proceeds support the financing of sustainable
development activities which contribute to the achievement of the SDGs.
In addition to issuing regular Sustainable Development Bonds, the World Bank structures innovativetransactions—like outcome bonds and catastrophe bonds—to address global development
challenges and help countries build financial resilience to events such as earthquakes, hurricanes,or typhoons. All bond proceeds support the financing of IBRD sustainable development projects
and programs in developing countries, with structured bonds including specific features to create
additional impact. The World Bank’s Sustainable Development Bond Framework is consistent with
the Sustainability Bond Guidelines published by ICMA and provides investors with information on
how IBRD bonds support sustainable development.
Below we highlight development topics and SDGs of interest to investors and a selection oftransactions executed since we published our previous impact report.12

Resources

Innovative Risk-Sharing & Private Capital Mobilization
External Review

Catastrophe Risk Transfer for Chile
The $630 million catastrophe bond and swap transaction provides Chile withfinancial protection to mitigate the potentially disruptive economic impactsof earthquakes and resulting tsunamis for three years. Since 2020, the WorldBank has issued cat bonds for Mexico, Jamaica, the Philippines, and Chile,
among others, providing financial protection against earthquake, hurricane,and tsunami risk.
Emission Reduction-Linked Bond
The $50 million 5-year outcome bond mobilized private capitalto support the manufacture and distribution of water purifiers toschools and institutions in Vietnam and aims to provide investors
with a return linked to the issuance of verified carbon credits.

12 Examples provided herein are for illustrative purposes only and no assurance can be provided that disbursements for projects with these specific characteristics will be madeby the World Bank during the term of the bonds described herein. 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 particular project or program.

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Health Systems and COVID-19
IBRD and IDA together continue to be the single largest funder of the global COVID-19
health response, with $14 billion committed to over 100 countries including $6.6 billion
for IBRD countries since the start of the pandemic. This financing is helping countries
buy medical supplies and equipment, train health personnel, buy and distribute vaccines,
expand storage and cold chains, develop tracking systems, engage citizens andcommunities on vaccine hesitancy, and strengthen health systems. “COVID-19” projects
are flagged in project-level reporting.

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Nutrition
Good nutrition is critical to building human capital and is a central driver of sustainablegrowth and poverty reduction. Recent crises and global disruptions have exacerbatednutrition vulnerability; and high food prices have triggered a humanitarian crisis, driving
millions more into extreme poverty, and magnifying hunger and malnutrition. IBRD’s
nutrition program includes $2.2 billion in commitments helping address the food andnutrition security crisis.
AUD $130 million 10-year bond; AUD $20 million 15-year bond (in Japanese)

Gender Equality
The World Bank’s Women, Business and the Law 2023 report indicates that progress
toward equal treatment for women is at its weakest pace in 20 years. Significant gaps
in health and education remain; and in areas like human capital, where there have beensustained gains, progress has slowed or stalled. The World Bank Group is developing andscaling innovative approaches to address persistent gender gaps and increase women’s
economic empowerment. There has been a dramatic rise in the share of World Bank
operations that address gender gaps—in FY22, 90 percent of IBRD projects included
specific actions to identify, address, and measure progress toward closing gender gaps.
$100 million 10-year bond (in Japanese)

Education
Learning poverty – the share of children unable to read and understand a simple text by
the age of 10—is estimated to have risen to 70 percent because of the pandemic. Basic
literacy, numeracy, and socio-emotional skills are the building blocks for learning
throughout life. Without these skills, youth cannot become independent learners,
undermining their capacity to tap into available digital education and employment
opportunities. In FY22, IBRD committed $1.2 billion for education programs, technicalassistance, and other projects.
MXN 205 million 3-year bond; UYU 850 million 3-year bond23

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Water & Blue Economy

Foreword

Introduction

Sustainable
Development
Goals

Water touches every aspect of development, links with nearly every SDG, and isinterconnected with climate change. Gaps in access to water supply and sanitation,
growing populations, more water-intensive patterns of growth, increasing rainfall
variability, and pollution are combining to make water-related challenges among thegreatest risks to economic progress, poverty eradication and sustainable development.
If we are to achieve climate and development goals, water must be at the core ofadaptation strategies. IBRD has committed $12.5 billion in water projects focusing onsustaining water resources, delivering services, and building resilience for a WaterSecure World for All.
Billions of people —especially the poorest— rely on healthy oceans as a source of jobs
and food. Yet oceans are threatened by climate change, biodiversity loss, and pollution,
especially plastic waste. This is degrading the ocean and endangering the safety,
livelihoods, and food security of people, especially those in coastal communities. IBRD’s
blue economy portfolio includes $3.5 billion in active projects—including in sustainablefisheries and aquaculture, integrated coastal and marine ecosystem management,
circular economy and better solid waste management of marine plastics, sustainable
coastal tourism, maritime transport, and offshore renewable energy.
EUR 200 million 30-year callable bondIssuance
Programs

ImpactResources

External Review

Sustainable Cities
Cities around the world are set to welcome an additional 2.5 billion inhabitants by 2050.
The scale and speed of such urbanization and the financing gaps that currently exist
highlight the need to scale investment in cities, especially when factoring in the impact
of climate change on the increased frequency and severity of disasters. Through tailoredfinancing and policy support, the World Bank is helping member governments build
livable, inclusive, resilient, climate-smart, and competitive cities. In FY22, IBRD
committed $2.3 billion for urban development related programs and projects.
CNH 340 million 3-year bondRoad Safety
The World Bank is working with member countries to improve road safety and reduce
traffic fatalities. Improving road safety outcomes contributes to SDG 3 (Good Healthand Well-Being) and SDG 11 (Sustainable Cities and Communities). Investments thatincorporate road safety also contribute to many other SDGs by saving lives, preserving
human capital, lowering carbon emission, supporting gender equality, and promoting
economic development. In FY22, road safety projects in IBRD countries totaled$315 million.
GEL 21 million 2-year bond; AUD $50 million 5-year bond24

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Climate Change

Foreword

We continue to communicate with investors about the World Bank’s activities tomainstream climate action. This means moving from individual project interventions togreening entire economies, scaling up renewables, supporting fossil fuel subsidy reforms,
investing in large-scale forest management programs, reducing methane in sanitation
and waste, broadening access to clean cooking, fostering climate-smart agricultural
practices, and helping clients to tap green value-chains. We are also helping rural
economies to build climate resilience and cities to be cleaner and infrastructure to begreener while supporting clients to green the financial system and tap growing carbon
markets. In FY22, 90 percent of IBRD projects included climate finance.
AUD $516 million 8-year club deal; IDR 400 billion 5-year bondIntroduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Spotlight on Biodiversity
 he World Bank is engaging with investors through the issuance of Sustainable
T
Development Bonds to highlight its activities that are helping conserve, restore,
and sustainably manage green and blue natural ecosystems and thebiodiversity they support. These efforts are simultaneously advancing
development, nature, and climate goals. In September 2022, IBRD issued a10-year AUD $135 million Sustainable Development Bond raising awareness forWorld Bank biodiversity efforts. It was purchased by a group of Japanese
investors, including Fukoku Mutual Life Insurance Company and Meiji Yasuda
Life Insurance Company. The World Bank also issued a NOK 5 billion floating
rate note for Norwegian investors, while highlighting biodiversity, among othersuch transactions. The Wildlife Conservation Bond, a $150 million first-of-itskind, outcome bond is supporting the financing of investments to preserve andbolster black rhino populations in South Africa, while also providing jobs andother social benefits to local communities.
See the Impact section of this report for examples of projects that aresupporting nature-related investments.

Notes. The projects featured here are for illustrative purposes only.  No assurance can be provided that disbursements for projects with these or similar characteristics will be madeby the World Bank in the future. 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 particular project or program.

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Looking at the Portfolio
Through an SDG Lens
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

In October 2022, the World Bank and SEI published Using Automated Text Mining to Align
Investments to the Sustainable Development Goals: A Case Study Analyzing World Bank Projects, apaper outlining a methodology for SDG mapping. This methodology contributes to the World Bank’seffort to build models for transparency and disclosure to promote sustainable capital markets.
Using the Methodology. The paper offers a step-by-step guide using
software that is free and downloadable for market participants and others
to connect and examine how their activities contribute to the SDGs. The
methodology, which uses the text mining software, KH Coder, records theoccurrence of predefined SDG keywords in large volumes of text and thenmaps projects to the SDGs.
About the Tool. Consecutive applications of the methodology from 2020
to 2022 improved automation to facilitate the review of large data sets.
This led SEI to develop a tool called SAPIENT – Sustainability mApper for
Planning and InvestmENT, an open-source natural-language-processing
tool that employs machine learning to allow users to analyze how
investments and projects contribute to the SDGs. The tool uses the SDGs as a framework to assess
the relationships between project portfolio investments and sustainable development goals.
Adapting the Methodology. While conceived to facilitate reporting of SDG connections of projects
financed in post-issuance impact reporting, SAPIENT shows potential for use by governments,
academics, and NGOs to map their initiatives to the SDGs—both ex-ante and ex-post—and assess how
they align with the 2030 Agenda and other sustainability goals. It may also provide insights to inform theprioritization of investments and public spending.
Applying the Methodology. This methodology is used to assess connections of IBRD financed projects
after projects have been approved in response to investor demand for such reporting. The methodology
identifies and matches key words and phrases to connect IBRD-financed projects to the SDGs and does
not consider project commitment amounts. Figures 1 and 2 below provide a portfolio-level view of the
SDG mapping of the FY22 World Bank SDB portfolio. As with any analysis, it is important to use a varietyof perspectives to inform the assessment and analysis. While the visualizations highlight the inherently
interconnected nature of the SDGs, a holistic view is useful when examining the connections identified,particularly for cross-cutting topics such as gender equality. Figure 1 Shows SDG connections to the FY22
portfolio at the SDG goal level. Figure 2 shows that gender equality is considered throughout the portfolio
since gender-sensitive targets are included in many different SDGs.

“We see the potential for this methodology to be adapted by otherstakeholders based on their circumstances and scaled up and adapted
to support the growing body of sustainability standards and reporting
requirements.”–Jorge Familiar, Vice President and Treasurer, World Bank

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Figure 1: SDG Connections of the FY22 Sustainable Development Bond
Project Portfolio at the Goal Level

Foreword

Figure 1 showcases the interconnectedness of the SDGs. The network graph illustrates theconnections between the SDGs in the 680 projects in the World Bank’s FY22 Sustainable
Development Bond project portfolio. The size of the nodes, or circles, shows the number of projects
to which each SDG is mapped across the portfolio. The larger the circle, the higher the number ofprojects mapped to that specific SDG. A circle’s position shows its importance based on frequency
in the project portfolio. The thickness of the edges, or connecting lines, shows the frequency withwhich pairs of SDGs are matched to the same projects. The network graph can also potentiallydemonstrate the likelihood that two or more SDGs may appear together in projects, or the strengthof the connections between two SDGs across the portfolio.

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Figure 2: Number of Projects that Map to Gender-sensitive Targets
Figure 2 shows the proportion of projects related to the gender-sensitive SDG targets across the
project portfolio beyond SDG 5 and demonstrates the interconnected nature of the SDGs and theimportance of taking a holistic approach to examining such connections.
SDG 1 No Poverty
SDG 2 Zero Hunger
SDG 3 Good Health and Well-Being
SDG 4 Quality Education

333

SDG 5 Gender Equality275

SDG 6 Clean Water and Sanitation

255

SDG 8 Decent Work and Economic Growth204

SDG 11 Sustainable Cities and Communities174

SDG 13 Climate Action

128

1.b

1.2

2.3

6.2

4.3

4.2

116 113 109

4.1

1.4

11.2

SDG 17 Partnerships for the Goals

89

13.b

84

2.2

79

4.4

62

3.7

37

32

27

24

16

13

11

9

5

3

3

4.a

8.8

4.7

3.2

5.6

8.5

5.a

3.1

5.2

5.4

17.18 11.7

1

Target27

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An Evolving Dialogue
with Investors
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

As the sustainable finance and capital market landscape evolves so does investors’ engagementwith issuers. While many questions still focus on assessing credit quality, investors are increasinglyinterested in an issuer’s sustainability profile and related strategies around environmental and social
impact. Scott Cantor caught up with Heike Reichelt, Head of Investor Relations and Sustainable
Finance at the World Bank Treasury, to discuss some of the common questions asked by World Bank
bond investors.

After two years of virtual meetings, you are meeting investors in-person
again. Have the questions changed? What is most topical now?
The questions are always different, reflecting trends and the most pressing concerns of the moment.
At the same time, investors always come back to core themes like credit and liquidity. Investors
want to reaffirm their understanding of an issuer’s credit particularly when markets are volatile andother market participants face challenges. Today, the world is clearly facing overlapping crises—
conflict, inflation, food insecurity—all against the backdrop of climate change and its severe impacts
on the poor and vulnerable. Investors are eager to understand how the World Bank is helping member
countries respond to these crises, while at the same time maintaining strong financial and risk
policies that support our triple-A credit rating. The World Bank’s mobilization of resources on and offof its balance sheet to support Ukraine is a good example.

“…there will be a time where there is less need for labeled bonds
because the transparency they jump-started will become thenorm, market-wide.”
Investors’ interest in sustainability has grown. What are the latest questions
and trends investors are asking about?
Investors have different perspectives based on investor type and geographic location, but also basedon other factors such as their size and stakeholder interests. Official institutions and central banks,
for example, are focused on the systemic risks that climate change poses for the financial sector andhave developed scenarios to assess these risks. Many are exploring ways to integrate these factors
into their investment management. They have different perspectives and investment needs thanbanks, which focus on liquidity and their stakeholders, or asset managers, which have a broad range
of interests based on their clients. And while World Bank bonds are generally not subject to national
regulation, the geographic location and how investors are affected by regulation and local pressures
will influence their questions and approach. That said, climate continues to be a primary focus inour dialogue with investors, including its impact on social goals. We focus our engagement largely
on how all World Bank bonds support the financing of projects with both green and social goals. We

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emphasize the World Bank’s holistic approach to sustainability, including efforts to mainstream
climate change in all operations—we cannot tackle poverty without addressing climate. One hundred
percent of all World Bank projects are screened for climate risk, and more than 90 percent of all
IBRD projects last year had climate financing components, including in the “social” sectors suchas health and education. Investors are looking to understand how the World Bank works with its
member countries to help them achieve their development goals, and how we map our activities to
the Sustainable Development Goals. Investors are also asking about reporting and requesting dataand information to respond to reporting requirements and expectations from their stakeholders,
particularly as sustainability standards and regulations emerge.

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

About 15 years ago, the World Bank issued the first green bond, creating
the blueprint for the green, social, and sustainability bond market we know
today. What has changed and what is next?
It’s hard to believe it has been almost 15 years! Since then, we have seen incredible growth in themarket, enhanced guidance, new issuers and investors, more and better disclosure, and innovation.
In terms of the future, we recently wrote a blog arguing that the impact of the green bond is larger
than the sum of $4 trillion in sustainable bonds issued to date—it is really about the transparency
that labeled bonds introduced to both issuers and investors, raising expectations about how
and where funds are spent. Today, investors are increasingly seeking this more holistic level oftransparency to evaluate a company’s entire balance sheet for sustainable risks and opportunities.
And while continuing to grow in volume in the short- and medium- term and having jump-started
sustainable markets, there will be a time where there is less need for labeled bonds because thetransparency and reporting they jump-started will become the norm, market-wide.

The World Bank has a history of bringing other “firsts” to the market
including the first-ever cross-currency swap, global bond, blockchain,pandemic risk bond, etc. What are you working on next?
Investors are interested in hearing about our innovative, structured transactions. The WorldBank’s first-of-its-kind 2022 Wildlife Conservation Bond, also called “rhino bond,” caught people’s
attention because it connected investors to positive biodiversity outcomes in South Africa toprotect black rhinos. We replicated this model, which combines a regular World Bank Sustainable
Development Bond with an outcome-based performance mechanism, in March 2023 with ourEmission Reduction-Linked bond to support the manufacture and distribution of 300,000
water purifiers to 8,000 schools and institutions in Vietnam. Also in March, we executed a joint
catastrophe bond and swap transaction that is providing Chile with $630 million of financial
protection to mitigate the disruptive economic impacts of earthquakes and resulting tsunamis.
These risk-sharing, outcome bonds, and catastrophe bonds are a growth area for the World Bank, so
you can expect to see more transactions covering new development challenges and risks.13

Heike Reichelt | Head of Investor Relations & Sustainable Finance

13 For more details about these and other IBRD bonds, please refer to the Sustainable Development Goals: Impact & Engagement section of the Impact Report.

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THE WORLD BANK IMPACT REPORT 2022

Funding Overview

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

The World Bank (IBRD) has been issuing bonds in the international capital markets since 1947. WorldBank loans are financed through its equity and bond issuances. World Bank bonds mobilize private
capital to support the World Bank’s development goals and finance its sustainable development
activities. The World Bank is rated triple-A by the major credit rating agencies, and its bonds are
viewed as high-quality investments in the global capital markets. The World Bank’s funding strategy
is aimed at achieving the best long-term value on a sustainable basis for its member countries. Thisapproach has enabled IBRD to borrow at favorable market terms and pass the savings on to its
borrowing member countries.
IBRD’s annual funding volumes vary from year to year, and funds raised are used to support thefinancing of IBRD’s development projects and programs in member countries. Funds not deployed for
lending are maintained in IBRD’s investment portfolio to supply liquidity for its operations, to provide
flexibility in accessing the market, and support IBRD’s triple-A credit rating. IBRD’s commercial
credit risk management for the liquid asset management investment portfolio incorporates
environmental, social, and governance (ESG) criteria. In addition, IBRD incorporates third-party ESG
scores for issuers of bonds in the liquid asset portfolio as an input to its decision-making process
and monitoring.
IBRD issues short-term debt (maturing in one year or less) and medium- and long-term debt (with amaturity of greater than one year). As of June 30, 2022, the borrowing portfolio was $256.9 billion,$3.2 billion higher than June 30, 2021. The increase was primarily due to new net short-term debt
issuances during the year. In FY22, IBRD raised a total of $40.8 billion of medium- and long-term
debt with an average maturity of 7.6 years, highly diversified by currencies (56 percent in U.S.
dollars, 13 percent in euros, and the rest in over 20 currencies).

External Review

Photo by Scott Wallace/World Bank

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Issuance Highlights
Annual Issuance ($ billions)
Foreword

$40.8

80
70

Introduction

billion60

issued in FY22, including

50

Sustainable
Development
Goals

Issuance
Programs

30

$1.6

20

in green bonds14

40

10
0

Impactbillion

FY18

FY19

FY20

FY21

FY22

Benchmark/Global Bonds
Other/Plain Vanilla Bonds

Resources

160

Bond
transactions

Structured/Risk Transfer Notes

GBP
10%

External Review

23

EUR
13%
USD
56%

currencies

supported the financing of sustainable
development projects in IBRD member countries
and their progress toward national priorities
and the SDGs

$33.1

billionin new commitments

Issuance
by Currency
Other
21%

and

$28.2

billionin disbursements

14 Approximately USD eq. 9 billion in World Bank Green Bonds were outstanding as of June 30, 2022. The World Bank has issued over $18 billion in green bonds through 207
transactions in 25 currencies since 2008. An amount equal to the net proceeds of the green bonds is credited to a special account that supports IBRD’s lending for eligible
projects. So long as the green bonds remain outstanding and the special account has a positive balance, periodically and at least at the end of every fiscal quarter, funds
are deducted from the special account and added to IBRD’s lending pool in an amount equal to all disbursements from that pool made during such quarter with respect toeligible projects.

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Sustainable Development
Bonds | Commitments &Disbursements
Foreword

Introduction

Table 1. Fiscal Year Commitments and Disbursements by Sector$ millions

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Committed/a

Disbursed/b

33,072

28,168Public Administration

7,762

5,421

Health

6,145

3,893

Agriculture, Fishing & Forestry

4,260

1,190

Social Protection

3,422

4,246

Energy & Extractives

2,725

2,779

Transportation

2,630

1,829

Water, Sanitation & Waste Management

1,911

1,617

Financial Sector

1,527

4,084

Education

1,313

1,380

Industry, Trade & Services

1,190

1,694

187

36

Total

Information & Communications Technologies

Figure 3. FY22 Commitments by Sector
6%8%Agriculture, Fishing and Forestry

13%

Education
Energy and Extractives

4%

Financial Sector

10%

8%
5%

HealthIndustry, Trade and Services
Information and Communications Technology
Public Administration

23%

0%
4%

19%

Social Protection
Transportation
Water, Sanitation and Waste Management

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Table 2. Fiscal Year Commitments and Disbursements by Region$ millions
Committed/a

Disbursed/b

33,072

28,168Latin America & Caribbean

9,407

8,911

Europe & Central Asia

5,974

4,580

East Asia & Pacific

5,482

5,439

South Asia

4,781

3,129

Middle East & North Africa

4,135

3,407

Eastern & Southern Africa

2,907

2,441

Western & Central Africa

386

261

Total

Foreword

Introduction

Sustainable
Development
Goals

Figure 4. FY22 Commitments by Region
Europe &Central Asia

Issuance
Programs

18.06%
Middle East &North Africa

Impact12.50%
Resources

External Review
South Asia

14.46%
Latin America &Caribbean

28.44%

Western &Central Africa

Eastern &Southern Africa

1.17% 8.79%

East Asia &Pacific

16.58%

Notes: Amounts may not add up due to rounding.
/a Committed Amount indicates the World Bank (IBRD) aggregate loan amount net of cancellations in USD eq billion. Loans denominated in other currencies are converted to USD eq
using the exchange rate as of the month end prior to the negotiation date. Similarly, cancellations of loans denominated in other currencies are converted to USD eq using theexchange rate on the value date of the cancellation.
/b Disbursed Amount indicates the total World Bank (IBRD) bond proceeds in USD eq billion allocated to support the financing of disbursements to eligible projects. Disbursements ofloans denominated in other currencies are converted to USD eq using the exchange rate on the value date of the transactions under the loan.  

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Green Bonds | Commitments& Disbursements
15

Foreword

Introduction

In FY22, $1.2 billion16 was committed and $0.8 billion was disbursed.
Since 2008, $19.5 billion17 has been committed and $12.3 billion18 has been
disbursed historically across 126 projects in 35 countries.
Table 3. Cumulative Commitments and Disbursements by Sector

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review$ billions
Disbursed &Outstanding

Committed
Mitigation

Adaptation

Total

18.7

12.8

6.0

12.3

Renewable Energy & Energy Efficiency

6.6

6.5

0.1

4.3

Clean Transportation

4.4

4.2

0.1

3.6

Agriculture, Land Use & Forestry

3.0

0.6

2.4

1.5

Water and Wastewater

1.8

0.3

1.5

0.9

Resilient Infrastructure, Built
Environment & Other

1.7

0.7

1.0

1.2

Biodiversity

1.1

0.3

0.8

0.7

Solid Waste Management

0.2

0.2

0.0

0.1

68%

32%

Percentage

Figure 5. Cumulative Commitments by Sector

9%6%

Renewable Energy and Energy Efficiency
Clean Transportation

35%
16%

Water and Wastewater
Solid Waste Management
Agriculture, Land Use and Forestry

1%

Resilient Infrastructure, Built Enviroment
and Other

10%23%

Biodiversity

15 These figures represent the commitments and allocations of the current Green Bond portfolio. Project P110849 has been fully repaid and was therefore removed from current
commitments and allocations figures and the Green Bond portfolio
16 Different exchange rates were used depending on the period
17 This figure represents the historic amount committed to projects in the World Bank Green Bond program since 2008, including the projects P110849, P113766, and P106424 whichwere fully repaid.
18 Annual green bond commitment and disbursement figures include repaid amounts but exclude flows for canceled projects.

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Table 4. Cumulative Commitments and Disbursements by Region$ billions
Committed/a

Foreword

Introduction

Sustainable
Development
Goals

Disbursed & Outstanding/b

Total

18.7

12.3

East Asia & Pacific

5.9

4.2

Latin America & Caribbean

3.7

2.9

South Asia

4.5

2.5

Europe & Central Asia

3.2

1.7

Middle East & North Africa

1.3

0.8

Africa0.2

0.1

Figure 6. Cumulative Commitments by Region
Europe &Central Asia

17%

Issuance
Programs
Middle East &North Africa

7%

ImpactResources

External Review
South Asia

24%

Latin America &Caribbean

20%

Africa1%

East Asia &Pacific

31%

Notes: Amounts may not add up due to rounding.
/a Aggregate committed amount net of cancellations for eligible projects for which the loans are disbursing.
/b Total green bond proceeds allocated to support financing of disbursements to eligible projects net of loan repayments. Not adjusted for matured bonds that were not replacedwith new green bonds.

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Capital Markets
Engagement &Acknowledgements
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

We place a strong focus on engaging with investors and capital market participants to promote theimportance of the private sector in channeling finance to sustainable development activities. We are afounding member of the executive committee of the Green, Social, and Sustainability Bond Principles
and a co-chair of the Social Bonds working group coordinated by ICMA. The World Bank initiatedthe impact reporting framework together with other issuers in 2015, which is known today as the
Harmonised Framework for Impact Reporting that ICMA publishes, and continues to contribute to theimpact reporting working group, and others such as the sustainability-linked bonds working group.
Through the Principles and other international groups, we are closely following and contributing to
global developments in sustainable finance regulation and related standards and taxonomies as theytake shape. We are an observer in the Network for Greening the Financial Sector, and we cooperate
and partner with organizations like SEI to create models for transparency and disclosure to support
sustainable capital market development.
In 2022, we joined conversations and shared our holistic approach to sustainable bond issuance,
reporting, mainstreaming climate finance, and the emerging sustainable finance landscape. Someof our efforts and capital market activities were recognized for their innovation or uniqueness. A
selection of these contributions and acknowledgements are included here.

Publications & Podcasts• Bennett, M. “Sukuk are just another capital market instrument (and that is a good thing),” IFN,
April 12, 2023
• Reichelt, H. & Cantor, S. (2023, January 20) “Why green bonds matter—it may be more than
you think”, Development and a Changing Climate [Blog] Available at: https://blogs.worldbank.
org/climatechange/why-green-bonds-matter-it-may-be-more-than-you-think• World Bank, “Sovereign Green, Social and Sustainability Bonds: Unlocking the Potential for
Emerging Markets,” November 2022
• Arima, Y. 絶滅危惧種保護を資金使途とする世界初の「野生生物保護債券」[World’s first“Wildlife Conservation Bond” using funds to protect endangered species], Weekly Kinzai
Financial Affairs (Reprinted on worldbank.org/news), June 10, 2022
• Keenan, C. (Host). (2022, June 29). ICMA Social Bonds Podcast Series Episode 1: SBP
Introduction [Audio podcast]. Available at: https://icma.podbean.com/e/icma-social-bondspodcast-series-episode-1-sbp-introduction/• Mitchell, J. (Host). (2022, February). Heike Reichelt, World Bank Treasury, on the Power ofCapital Markets and Multilateral Impact [Audio podcast]. Available at: https://www.man.com/
maninstitute/ri-podcast-heike-reichelt

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Awards & Recognition
CMD Portal• Top Deal 2022 Q1: Wildlife Conservation
Bond• Best SSA Issuer 2022

Foreword

Introduction• Best ESG Issuer 2022

Environmental FinanceInternational Financial
Law Review• Deal of the Year | Debt & equity-linked:
IBRD-UNICEF bondKangaNews• Kauri Bond Deal of the Year: NZD 1.5
billion 2.875% November 2026

• Green Bond of the Year (supranational):

Sustainable
Development
Goals

Issuance
Programs

Japanese Life Insurance Companies
Collaborate on Climate Action• Sustainability Bond of the Year(supranational): Dual tranche USD 3

billion 2-year due April 2023 and USD 5
billion 7-year due April 2028

Trading Risk
• Closing the Protection Gap Initiative of the
Year: USD 185 million catastrophe bondsponsored by Jamaica

GlobalCapital
Impact• Most Impressive SSA Issuer acrossMultiple Markets

Resources• SSA Dollar Deal of the Year

External Review

Photo by Shams/iStock38

Impact

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THE WORLD BANK IMPACT REPORT 2022

Showcasing Results froman Outcome Lens
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

The World Bank is a major player in every sector of development and ourinterventions are strategic and long-term with a view toward enabling client
countries to stay the course and attain their development goals.
In this section of the report, we showcase IBRD results from the World Bank Group Corporate
Scorecards, one of our main reporting mechanisms. These results show our unwavering support tocountries in this difficult time to protect hard-earned development gains in critical areas.
The countries we work in are emerging from a pandemic that has reversed years of progress andthey are now responding to multiple, ongoing crises–fragility and conflict, food insecurity, climatechange, inflation, rising interest rates and debt, low growth, and food and commodity price shocks.
The World Bank Group continues to deliver record financial support and strong results by responding
to the immediate needs of countries, helping millions of affected people, building strong foundations,and paving the way towards a green, inclusive, and resilient future.
We are helping countries provide social protection programs, essential services, and jobs. IBRD
has reached 900 million people through COVID-19 social protection programs since the start ofthe pandemic, saving lives, providing essential services, and promoting jobs. From FY19-22, IBRD
projects supported 200 million students, from early childhood to tertiary education, and helped
nearly 23 million people with job interventions.
Our results focus is increasingly centered on outcomes, enabling client countries to attain theirlong-term development goals, and improving people’s well-being. So, while we are supporting
immediate responses to COVID-19, we are also working to build resilient health systems to ensurea sustained recovery. Since the beginning of the COVID-19 pandemic, we have supported 22 IBRD
countries with vaccine financing and helped administer an estimated 255 million doses. We are also
helping build health systems and capacity, equipping over 700 labs training 136,000 healthcare
staff in IBRD countries. For example, in the Philippines, IBRD financing helped deliver 33 million dosesof vaccine, while strengthening the national health system through an expansion of the country’s
laboratory capacity at the national and sub-national levels.

Photo by Ezra Acayan/World Bank

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Introduction

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Programs

THE WORLD BANK IMPACT REPORT 2022

We are also prioritizing climate action like never before and helping countries adapt and build
resilience to climate change. For example, in Serbia, we are helping reduce energy use and air
pollution emissions from in-home heating sources with a focus on residential energy efficiency andsustainable heating. This project aims to reach 25,000 households and help avert an estimated150,000 tons of CO2 equivalent and 20 billion MJ of energy savings (read about this projectin Featured Projects). We have rolled out a new core diagnostic tool, the Country Climate andDevelopment Report, to help countries align climate action and development efforts, publishing
the first CCDR in FY22 for Türkiye and over a dozen more CCDRs for IBRD countries in FY23. From
FY19-22, we supported 46 IBRD countries in mainstreaming disaster risk reduction as a national
priority. For example, in Panama, which is exposed to more frequent and intense natural hazards
like earthquakes, tsunamis, and coastal flooding, IBRD provided contingent financing to help
the government develop its disaster risk management program. The program helped strengthen
Panama’s capacity to integrate disaster risk reduction into its development and planning policies
which is critical for sustainable and resilient development and poverty reduction. Since 2019, IBRD has
supported catastrophe risk transactions totaling $1.5 billion helping member countries transfer risk
to capital markets.
We are also seeing results in other important areas, such as building food security and decreasingfragility. From FY19-22, we reached nearly 7 million farmers with agricultural assets and services.
In fragile and conflict-affected situations, we are working across sectors to help vulnerable
populations in places like Lebanon, where IBRD projects are helping to provide jobs, improve foodsecurity, and enhance water and sanitation services. From FY19-22, IBRD projects helped 189 million
people to access clean water and sanitation and provided 13 million people with improved urban
living conditions.

Learn more about how the World Bank measures and reports results.
ImpactResources

External Review

Photo by Maria Fleischmann/World Bank

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Achieved Results

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

In FY22, the proceeds from Sustainable Development Bonds contributed to$28.2 billion in disbursements19 to IBRD projects helping member countries
make progress toward national priorities and the SDGs.
A selection of actual results reported for projects during FY22 include:20

Sustainable & Inclusive Growth

9.2

9.1

million people
with enhanced access totransportation services

million beneficiaries ofjob-focused interventions21772• 590,000 beneficiaries offinancial services22MWof generation capacity of energy
constructed or rehabilitated493,000

peoplewith new/improved electricity service

500,000

peoplewith new/enhanced access tobroadband internet

29.3

million students
with direct interventions to enhancelearning

Of which:• 3.3 million farmers accessing
agricultural assets/services• 865,220 teachers recruited/trained• 2.7 million beneficiaries of jobfocused interventions• 755,200 students benefiting fromdirect interventions to enhancelearning23• 1.1 million people benefiting fromlabor market programs

590,000

peopleand

10,000businesses
benefiting from financial services24

19 The IBRD Sustainable Development Bond project portfolio comprises 577 active projects and 103 projects that closed during FY22.
20 These results include outcomes and outputs of World Bank (IBRD)–supported activities. Results are reported for active operations and those that closed within the reporting
period. The results reported are those achieved by client countries, with support from the World Bank, during the fiscal year except for net GHG emissions and energy/fuel saved,
which are based on ex-ante estimates rather than actual results. These results represent a subset of results and are dynamic from year to year. Annual data may fluctuatesignificantly due to the size or number of projects reporting data during a given fiscal year. These “Tier 2” World Bank results are mainly drawn from Corporate Results Indicators(CRIs), which are sector outcome or output indicators that can be measured and monitored at the project level and aggregated across operations and countries. CRIs areintegrated in the results frameworks of individual operations. CRIs can be supplemented by customized, project-specific results indicators. More information on the definition ofeach “Tier 2” indicator can be found at https://scorecard.worldbank.org/.
21 This indicator is a composite indicator consisting of six CRIs, including one with the same indicator name which captures the number of beneficiaries of a broad range of jobfocused interventions.
22 Indicates financial services specifically focused on job creation, job quality, and youth employment
23 These results are also included in the results of “students with direct interventions to enhance learning.”
24 These results are also included in the results reported for the composite indicator, “beneficiaries of job-focused interventions.”

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1.1

million farmers
adopting improved agricultural
technology

Human Capital
Foreword

Introduction

Sustainable
Development
Goals

34.6

million people
covered by social safety net
programs

16.7

million people
with essential health, nutrition, andpopulation services

Resilience

13.7
49.3

million MWh//billion MJ
of projected lifetime energy or
fuel savings

46

countries
institutionalizing disaster risk
reduction as a national priority25

6.8

Issuance
Programs

million people
with access to improved
water sources

Impactmillion people withimproved sanitation services

Resources

414,175hawith new/improved irrigation or
drainage services

1.8

3.2

million people withimproved urban living conditions

External Review
25 This is a cumulative value for FY19–22.

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Green Bond Project Results26
13 Green Bond projects closed in FY22. Below is a selection of results achievedby those projects:
Biodiversity

Foreword

Introduction

7.3

million ha
under sustainable
landscape management
practices

Clean Transportation

1.2

Sustainable
Development
Goals

millionpeople benefitting fromenhanced access totransportation services

Issuance
Programs

323

new, cleaner-fuelvehicles procured

ImpactResources

External Review

46

kmof bus rapid transit
routes operated

Renewable Energy &Energy Efficiency

Resilient Infrastructure

25

years
of return period for whichroads are designed towithstand a flood event

Sustainable Agriculture

134,420clients

adopting improved
agricultural technology

43,836tonsof annual pollution load
(COD) and 5,031 tons ofannual nutrient load towaterways reduced

37,594haprovided with new/improved
irrigation or drainage services

675,023MWhof heat and electricity
generated from renewablebiomass

105,571

MWhof annual energy savings

179

MWof renewable capacity added

26 The current World Bank Green Bond project portfolio comprises 123 projects, including projects that have closed. To date there are 49 active projects, including 11 new projects
added in FY22 and 13 that closed in FY22 for a total of 74 closed projects. The green bond project results presented above are selected cumulative results of closed projects
with an Implementation Completion Report available during the reporting period (as of March 2023). The results do not represent all countries or regions where the World Bank
supports the financing of projects and should not be considered a comprehensive accounting of results. Additional project results are presented in the Project-level Reportingwhich can be downloaded in PDF or requested in Excel directly on the website’s impact reporting. The full set of project results can be found at http://projects.worldbank.org.

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Projected Results
In FY22, IBRD made $33.1 billion in new commitments across 136 operations including 112
new projects to help World Bank member countries build sustainable and inclusive growth,
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

support human capital development, and build resilience. Below is a selection of estimatedresults27 these projects are expected to deliver over the project lifecycle:

Sustainable & Inclusive Growth

1.3

million people
with new/improved electricity service

3,500

MW
of generation capacity of energy
constructed or rehabilitated

1.5

million people
with new/enhanced access tobroadband internet

3.7

million people
with better access totransportation services

8.3

million people
with social safety net programs

12.5

million people
with essential health, nutrition, andpopulation services

2.6

million students
with direct interventions toenhance learning

1.4

316,000

farmers
adopting improved agricultural
technology

3.8

million beneficiaries ofjob-focused interventions

Of which:• 2.8 million beneficiaries reachedwith financial services28• 115,600 farmers accessing
agricultural assets/services• 650,000 people accessing job
opportunities• 196,250 teachers recruited/trained

8.2

Human Capital

643,000

million people
with improved sanitation services

4.8

million people
with access to improved water sources

6.6

million people
with improved urban living conditions

Resilience

1.1

trillion MJ
of energy or fuel use saved–8.4

tCO2eqnet GHG emissions annually30

million people andbusinesses with financial services29

27 The expected results, presented above, have been aggregated using a set of World Bank Corporate Results Indicators in the World Bank Group Corporate Scorecards andtherefore represent a subset of expected results from new operations approved in FY22. More results from these projects are available in the on the impact report website.
28 These are financial services specifically focused on job creation, job quality, and youth employment. Beneficiaries include both individuals and businesses.
29 These results are also included in the results reported for the composite indicator, “beneficiaries of job-focused interventions.”
30 The indicator refers to ex-ante annual net GHG emissions at the portfolio level, calculated as the sum of annual net emissions for projects approved during FY22.
It applies to operations where agreed GHG accounting methodologies exist and is based on ex-ante estimation performed during project preparation.

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Photo by Sergey Pesterev/World Bank

Featured Projects

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactSupporting NatureTÜRKIYE

Türkiye Resilient LandscapeIntegration Project

Resources

External Review

Climate change is expected to exacerbate existing pressure on Türkiye’s natural resource base andpose severe risks to welfare and livelihoods for rural populations. The complex and interrelated
problems in Türkiye’s river basins— including natural resource degradation, climate and disaster
vulnerability, water risks, and employment insecurity—require a multi-sector program. The
integrated landscape management approach of this project incorporates nature-based solutions
along with resilient infrastructure in two sub-basins in Türkiye particularly vulnerable to climatechange impacts—including seasonal floods and droughts, erosion, and landslides triggered by heavy
precipitation events. The project will help the country initiate a national program for landscaperesilience in vulnerable rural regions to support sustainable recovery efforts and facilitate a green
transition. Through a set of multi-sectoral interventions that invest in nature-based solutions,sustainable agricultural practices, value chain enhancement, livelihood diversification and resilient
infrastructure—the integrated landscape approach will create shovel-ready jobs and generate
livelihood opportunities for poverty reduction while building climate and disaster resilience andsetting the foundations for sustainable management of natural capital.
IBRD Commitment: $135 million
Target Population: Vulnerable rural communities, including women
Expected results include:• 150,000 ha of land area under sustainable landscape management practices• 6,000 farmers (1,000 of which are female) adopting improved agricultural technology• 4,000 jobs created through green infrastructure and sustainable livelihood activities

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• 23,000 people provided with access to protection against flooding and/or landslides• 18,000 people provided with access to improved water sources
Climate co-benefits: 88%
Biodiversity component: 49%
Closing: 2028

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

COLOMBIA

Equitable and Green Recovery
Development Policy Financing
Colombia’s equity, climate change, and biodiversity challenges are interrelated and have worsened
due to the crisis resulting from the COVID-19 pandemic. Climate change will amplify the country’s
already extreme level of inequality and hit poor, rural, and female Colombians hardest. Global
evidence shows the rising inequality will lead to a faster rise in emissions; and the loss of biodiversity
goes hand-in-hand with increased GHG emissions. This program will help promote equitable access toassets and economic opportunities through policies focused on the poor and vulnerable by improving
the distributional impact of fiscal policies, such as social spending, and by narrowing gender gaps
through reforms that expand parental leave and reduce gender-based labor market discrimination.
The program directly supports the government’s climate strategy to reduce GHG emissions andadapt to climate change, including reducing the disproportionate effects of climate change on thepoor and vulnerable. The program advances Colombia’s biodiversity conservation agenda—a building
block of its climate mitigation and adaptation strategy and expressed in its Nationally Determined
Contribution. Colombia is adopting a long-term policy to strengthen protected area systems as
the primary sanctuary of critical ecosystems. The program will formalize the production of nontimber forest products, increasing the incentives for forest conservation and, in turn, climate change
adaptation and mitigation efforts.
IBRD Commitment: $750 million
Target Population: Vulnerable groups. including women
Expected results include:• 61% and 30% of poor households covered by social protection programs, Ingreso Solidario andCompensacion del IVA, respectively• 750 MW of additional capacity contracted in grid-connected non-conventional renewableenergy in (large-scale) utility projects• 37 pension funds and insurance companies integrating ESG and climate risk into their risk
management frameworks• 85 permits issued for sustainable use of wild flora and non-timber forest products
Climate co-benefits: 72%
Biodiversity component: 22%
Closing: 2023

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Agriculture, Fishing, Forestry
MOROCCOGreen Generation Program-for-Results
This project aims to increase job opportunities and income generation for the rural youth inMorocco, improve efficiency of agri-food marketing systems to strengthen agri-food value
chains and increase their resilience to crises such as the COVID-19 pandemic, and enhance
digitalization of agriculture, and promote the adoption of climate-smart practices.
IBRD Commitment: $250 million
Target Population: Young rural entrepreneurs and family farmers at national level

Resources

Expected results include:

External Review• 13,000 young people, at least 25% of which are female, creating operational agriculture-related
enterprises for at least six months• 865,000 metric tons of local products marketed through modernized wholesale markets• 12,000 producers, at least 25% of which are female, adopting climate smart agriculture
practices
Climate co-benefits: 67%
Closing: 2025

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Introduction

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Development
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Programs

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External Review

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Photo by Fraxinus/CC BY-SA 3.0, via Wikimedia Commons

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Education
CROATIA

Towards Sustainable, Equitable andEfficient Education ProjectThis project aims to improve student learning outcomes, particularly among disadvantaged
students, through increased instructional hours, improved teacher training, and school infrastructure
while also benefitting parents by making it easier for them to participate in the labor market andincrease their earnings. It will also support new infrastructure standards for schools, incorporating
seismic resilience into building upgrades, and encompassing best practice OECD-EU climate,environment, and energy-efficiency standards.
IBRD Commitment: $28.9 million
Target Population: Students, including vulnerable and disadvantaged students
Expected Results include:• 32,500 students benefiting from improved learning environments• 1,250 teachers receiving training from learning counselors• 50 schools with improved learning environments and new infrastructure standards addressing
climate vulnerabilities
Climate co-benefits: 13%
Closing: 2026

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Development
Goals

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Programs

ImpactResources

External Review

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Photo by Nikola Aleksic/Unsplash

Table of Contents

Energy & Extractives
SERBIA

Scaling-Up Residential Clean Energy(SURCE) ProjectThis project is designed to increase residential energy efficiency, sustainable heating, and rooftop
solar photovoltaics by households in participating municipalities, prioritizing investments in singlefamily houses in rural areas, which tend to have poor thermal characteristics. The project also
aims to establish a country-wide private sector-led market for energy efficiency and clean energy
investments and demonstrate the benefits of green investments, including air pollution reduction,
increased energy security, job creation, and enhanced competitiveness of the economy.
IBRD Commitment: $50 million
Target Population: Households living in single-family homes with energy efficiency needs
Expected Results include:• 20 billion MJ of projected energy or fuel savings• 25,000 households with improved energy efficiency and sustainable heating investments• 4 MW renewable energy capacity constructed• -150,000 tCO2eq net GHG emissions annually• USD 50 million private sector capital mobilized through household contributions• 41% increase in share of female home-owners benefitting from the clean energy and energy
efficiency grants program
Climate co-benefits: 100%
Closing: 2027

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Sustainable
Development
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Programs

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Photo by Suprabhat Dutta/iStock

Table of Contents

HealthINDIA

Enhanced Health Service
Delivery Program
The program aims to help India enhance its comprehensive primary health care system by expanding
the health services to address reproductive, maternal, newborn, child, and adolescent health, andthe increasing burden of non-communicable diseases. It also supports a comprehensive approach to
improving the quality of care by supporting quality standards certification of health and wellness
centers, enhancing the focus on competent care and patient experience, and transforming healthsector governance and accountability by strengthening implementation capacity and leveraging thefederal system.
IBRD Commitment: $500 million

External Review

Target Population: Vulnerable groups, including women and girls
Expected Results include:• 90% of pregnant women received four or more antenatal care visits• 40% increase over baseline in footfalls at health and wellness centers• Approximately 8.6 million infants aged 9-11 months old receiving full immunization as per therecommended schedule
Climate co-benefits: 4%
Closing: 2027

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Programs

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Financial Sector
COLOMBIA

Competitiveness and Recovery
The project aims to improve regulation for private sector–led recovery by reducing the time and costallocated to comply with administrative procedures or government transactions, and to set clearer
regulatory framework for green finance. The project also promotes innovation and digital finance andfosters entrepreneurship and internationalization.
IBRD Commitment: $500 million
Target Population: Vulnerable groups, including women entrepreneurs

Resources

Expected Results include:• COP 179,468 million saved in compliance costs due to lower regulatory burden

External Review• Four green bond issuances that comply with the green bond taxonomy and guidelines• 10,178 women-led enterprises supported through technical assistance and/or co-financing
programs
Climate co-benefits: 13%
Closing: 2023

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Development
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Industry/Trade Services
INDONESIA

Central Sulawesi Rehabilitation andReconstruction Project
The project will provide financial and technical assistance to support targeted disaster-prone anddisaster-affected areas to reconstruct and strengthen public facilities and build safer housing. This
program will also help to reduce potential human and economic losses during future earthquakes andother disaster events by improving building performance and sustainability of critical public facilities
and housing settlements.
IBRD Commitment: $150 million
Targeted population: Vulnerable and displaced populations

External Review

Expected Results include:• 7,000 housing units constructed to project’s resilience standards to relocate disaster-displacedhouseholds• 200 schools and 33 health clinics rehabilitated or reconstructed to project’s resilience
standards• 90% of targeted people having safer housing completed and occupied• 90% of reconstructed houses provided with housing connection for water supply• 90% of reconstructed houses provided with sanitation system
Climate co-benefits: 50%
Closing: 2024

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Closing the Gender Gap
In FY22, 90 percent of IBRD projects qualified for a gender tag. This means the project
has identified a gender gap and includes specific actions to close the gender gap as well as
metrics to track progress.

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactIn India, gender disparities hinder women’s and girls’ access to health care due to concerns
around out-of-pocket costs and limited autonomy in decision-making. Women are lesslikely to have much disposable income or control over finances within the household,resulting in low use of health services by women. The Enhanced Health Service Delivery
Program supports specific investments to help women and girls access quality healthservices close to their communities. This includes increasing household access to a primary
health care facility as a first port of call, enhancing citizen and community engagement,
and creating strong links between households and facilities through regular follow up
visits and disease risk assessments This also includes expanding the primary healthcare package to include breast and cervical cancer screening; improving the quality of
reproductive, maternal, and adolescent health services; and strengthening monitoring
and accountability in the health sector to improve women’s and girls’ access to integrated
patient-centered care.
In Colombia, women have less access to finances, assets, and skills, and therefore are lesslikely than men to be entrepreneurs and own or lead businesses. The Competitivenessand Recovery Project specifically focuses on women-led enterprises. The project provides
differentiated technical and financial support to women entrepreneurs through the creationand consolidation of a trust fund—Fondo Mujer Emprende. It is expected that the numberof female-led enterprises benefitting from technical assistance and co-financing fromgovernment programs will increase almost five-fold from project interventions.

Resources

External Review

Photo by Maria Fleischmann/World Bank

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Sustainable
Development
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Programs

ImpactResources

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Table of Contents

Information & Communication
CONGO

Congo Digital Acceleration ProjectThis project is designed to accelerate digital transformation through a series of interventions that
increase broadband internet access to underserved populations and improves the government’s
capacity to deliver digitally-enabled public services. The project will increase inclusive accessto broadband connectivity, strengthen the regulatory and institutional environment towards acompetition-oriented broadband market, support national digital literacy and skills development
and develop a series of digitally enabled services for people’s “life journey” through a whole-ofgovernment approach. The project will aim to address specific gender digital divide gaps by providing
quality bootcamp training and certification for young women. It will monitor the impact of suchcertification on job obtention or salary improvement.
IBRD Commitment: $100 million

External Review

Target Population: Underserved population, including young women
Expected Results include:• 1.5 million people provided with new or enhanced access to broadband internet• 212 locations with new access to broadband internet• 450 talented youth will be trained and accredited in specialized digital skills (AI, cybersecurity,
database development, etc.)• 75,000 people on average accessing and using digital public services (civil registration,
government service portal etc.) on a daily basis• 3,000 civil servants and government contractors who earned certifications in foundational,
intermediate, and advanced digital skills throughout the project’s activities• 250 trained teachers and trainers (40% of which are women) in the education system
Climate co-benefits: 7%
Closing: 2027

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Introduction

Sustainable
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Programs

ImpactResources

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Table of Contents

Public Administration
PERU

Enabling a Green and Resilient
Development
Peru has experienced robust economic growth and poverty reduction, but this has come at thecost of environmental degradation. The COVID-19 pandemic has highlighted the need to build
greater resilience in the country to overcome the impacts of climate change and external shocks.
The project supports reforms that strengthen the foundations for a green economic recovery, build
greater resilience to natural hazards, improve climate change adaptation, and foster the transition
to a green economic recovery. It will expand green finance and create an enabling environment
for public and private investments. The project aims to ensure more efficient use of natural
resources and accelerate the transition to lower-carbon technologies in the energy and transport
sectors. Regulatory actions will also be supported to promote energy efficiency in the public andprivate sector.
IBRD Commitment: $500 million
Target Population: Underserved communities
Expected results include:• 5.5 million people living in cities or populated settlements with urban planning instruments that
integrate disaster risk management and public spaces management in accordance with Law
No. 31313• 70 GWh annual energy savings from public sector buildings and energy efficient appliances• 2 million people living in areas with local emergency operation centers operating according to
new guidelines
Climate co-benefits: 80%
Closing: 2023

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Introduction

Sustainable
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Programs

ImpactResources

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Table of Contents

Social Protection
ANGOLA

Strengthening the National Social
Protection System Project
The Angolan economy stands at a crucial juncture as it transitions away from a growth model
centered on oil wealth, leaving the country exposed to external shocks. A more inclusive and openmodel is emerging in its place. The project will provide temporary income support to poor households
in targeted regions of Angola and strengthen delivery mechanisms for a permanent social safety
net system. The goal is to ensure that this safety net helps poor people become more resistant toeconomic shocks, while simultaneously providing opportunities for them to cultivate their humancapital and achieve their maximum potential.
IBRD Commitment: $320 million

External Review

Target Population: Vulnerable groups, including women and girls
Expected results include:• 5 million beneficiaries (2.6 million of which are female) benefitting from social safety net
programs• 2,000 households registered in the social registry• 30,000 teenage girls in cash transfer beneficiary households who attend school• 70% of cash transfer beneficiary households among the poorest 40 percent• 60% of cash transfer beneficiary households in which some members (female/male) benefit fromaccess to local human development services
Climate co-benefits: 1%
Closing: 2023

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Programs

ImpactTHE WORLD BANK IMPACT REPORT 2022

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Table of Contents

Transportation
ECUADOR

Quito Metro Line One
The objective of the project is to improve urban mobility in the city of Quito and meet growing
demand for public transport by reducing travel times, decreasing operational costs of the transport
service, improving connectivity, security, and comfort of the current system, and reducing emissionsof pollutants and greenhouse gases. The project is expected to benefit all public transport users
the majority of whom are low-income people—by enhancing mobility and accessibility; it will also
address the specific needs of women and people with disabilities.
IBRD Commitment: $205 million

Resources

External Review

Expected Results include:• $14 million in annual fuel savings• 40% reduction in average travel time
• 1,800 jobs created• 82,285 tons of CO2 equivalent emissions reduced annually• 296,000 passengers per day
Climate co-benefits: 100%
Closing: 2023

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Introduction

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Programs

ImpactResources

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Water, Sanitation & Waste Management
BRAZIL

Espírito Santo Integrated Sustainable
Water Management Project
The project focuses on improving the management of water resources and increasing the
population’s access to sanitation in the metropolitan region of Vitória and small municipalities andreinforcing the state’s capacity to cope with natural disasters. The project will help strengthenwater sector institutions, provide increased wastewater collection and treatment services, support
reforestation and sustainable land management practices, and improve the capacity to identify,
monitor, and prepare for disaster risks.
Closing: 2024
IBRD Commitment: $225 million
Expected Results include:• 2.6 million people benefiting from the project• 164,000 people provided with improved sanitation services• 32,897 new household sewer connections• 2,000 ha reforested• 1,590 tons of BOD removed a year
• 70% of the state covered by a disaster warning system
Climate co-benefits: 29%

The leaf denotes a project that is in the World Bank green bond project portfolio.
Notes: The projects featured here are for illustrative purposes only.  No assurance can be provided that disbursements for projects with these or similar characteristics will be madeby the World Bank in the future. 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 particular project or program.

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Project-Level Reporting

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Detailed project-level reporting is posted on the World Bank impact report website. There,
investors can download project tables in PDF format or request the tables in Excel format. The
project tables pictured below for reference outline project objectives, results, and committed anddisbursed amounts among other details for the Sustainable Development Bond and Green Bond
project portfolios.
There are some differences in how we report on projects and in the templates for impact reporting
we use for Sustainable Development Bond and Green Bond issuance programs due to the differing
sizes of the project portfolios and how long we have been doing impact reporting for the programs.
For the Green Bond program, which contains just over 100 projects, we have been publishing an
impact report since 2015. We use the Harmonized Framework for Impact Reporting that the WorldBank initiated together with other issuers in 2015, and related green sector–specific templates forreporting provided under the auspices of the ICMA Green Bond Principles and its Impact Reporting
Working Group, of which the World Bank is a member.
For the Sustainable Development Bond program, which contains 600-700 projects on average, webegan impact reporting in 2019 and are working to provide reporting in a more harmonized format
including market sector-specific templates for impact reporting. We currently organize projects
according to 11 World Bank sectors. All projects are mapped to the SDGs in the Excel version of the
project tables.
Project Name
(Number|Approval Year)& Description
Smallholder Agriculture Development and Commercialization
Project (P154447|FY17): increase smallholder agriculture
productivity, production and marketing for selected crops in the
Project areas.
Agricultural Productivity Program for Southern Africa - Angola &Lesotho (P164486|FY19): increase the availability of improved
agricultural technologies in participating countries in the Southern
Africa Development Community (SADC) region.

Country

Project Life

SectorAngola24

Agriculture, Fishing andForestry

Angola25

Results● 40% increase in the proportion of production marketed.
● 175,600 project beneficiaries, 50% of which are female.
● 1,000 ha provided with irrigation and drainage services● 100 technologies that are being made available to farmers and other end users.
● 30 technologies generated or promoted by the Project in one participating country that are
released in another participating country.
● 50,000 farmers reached with agricultural assets or services.
● 50 technologies generated.
● 3 research centers rehabilitated or equipped.

Agriculture, Fishing andForestry

Biodiversity

Target Results

Climate Intelligent and Inclusive Agri-food Systems Project(P176905 | FY22): support economic recovery and promoteclimate smart practices in Argentina’s agri-food system.

Project N ame (N umber | Year/s Loans Approved) and Description

Argentina

39

Fishing andProjectAgriculture,
ID
Country
A/M
Forestry

Second Community Agriculture Resource Management andCompetitiveness Project (P133705 | FY14): improve pasture- based
livestock
management
in targeted alpine grasslands areas.
Sustainable Recovery of Landscapes andLivelihoods
in Argentina

P133705

Armenia

Project (P175669|FY22): improve theForest
management
andImprovement
resilience in the Upper Reaches of Yangtze River
Ecosystem
Program(P164047
of ecosystems and related livelihoodsBasinof localcommunitiesin | FY20): improve sustainable forest ecosystemin supportof Large-ScaleArgentina
Greening Sichuan Program.39
selected conservation and productionmanagement
landscapes andseascapes

P164047

China

Forests and Community (P132846|FY15): improve forest
management; and increase access to markets and basic services
by small forest producers including indigenous and campesinos inselected Northern Provinces of Argentina.

Argentina

40

Rural Development (and Additional Financing) (P132317 | FY15, FY18,

Second Community Agriculture Resource
Management
andincomes and enhance farm and fisheries
FY21):
increase ruralCompetitiveness Project (P133705|FY14):
improve
pasturebased
productivity
in thetargetedareas. *livestock management in targeted alpine grasslands areas.
Armenia25

Forestry Development Project (and Additional Financing) (P147760 |FY15, FY18):
Climate Resilient and Sustainable Agriculture
Projectenhance silvicultural management and reforestation and(P172592|FY22): increase agriculturalafforestation,
productivityincrease
and the the use of felling residues and improve the public
contribution
fromproject
forests in targeted forest areas.
adoption of climate-smart agriculturalgood
approaches
among
Belize22
beneficiaries; and respond effectively to an Eligible Crisis or
Emergency event.

Rural Alliances Project II (P127743|FY13): improve accessibility tomarkets for small rural producers in the Selected Areas.

Bolivia25

Agriculture, Fishing andForestry

Agriculture, Fishing andForestry
P132317

Philippines

Agriculture, Fishing andForestry
P147760

BelarusAgriculture, Fishing andForestry

Agriculture, Fishing andForestry

Hebei Rural Renewable Energy Development Project (P132873 | FY15):
demonstrate sustainable biogas production and utilization to reduce
environmental pollution and supply clean energy.

P132873

Coral Reef Rehabilitation and Management Program-Coral Triangle
Initiative (P127813 | FY14): protect and sustainably manage unique coralecosystems in selected districts and provinces.

P127813

China

Indonesia/a

IBRD Share

IBRD Total Net
Commitments (USD
millions)

IBRD FY22
Disbursements(USD millions)

ClimateCo-Benefits

74%

70.0

11.5

31%

50%

25.0

4.1

25%

/b

● 63,000 beneficiaries with access to new or improved rural public infrastructure for agricultural risk
mitigation and natural resources management.
● 388,855 tCO2e reduced
annually.
Area undersustainable
GHG emissions reduced/
Project Life
Other Results● 750 subprojects
financing
the adoption
smart agriculture technologies
and-or practices
73%
400.0
management
practices of climate
avoidedto anticipate and prevent negative impacts of climate.
●
35,000hectaresofarea
provided
new and improved
irrigation and/or● drainage
services.
A
25
110,000 ha of landwith
managedN/A
At least 10,000
pasture users benefit through their membership in Pasture Users’● 3,800 jobs createdwith
underinitiatives
supportedbythe
Project.
sustainable practices.
Cooperatives.
/d/c

Biodiversity
46.0
componentshare● 30% increase in management effectiveness of Protected Areas within selected landscapes andMseascapes.

30~

Sequestration of 23.52 million
tCO2eq. overthe Program’s● 860,000 ha under sustainable landscape management
practices.
lifetime. Equivalent● 15,000 people in targeted landscapes with increased
benefits. to anannual average of 784,000● 1,800 farmers adopting agroecological agricultural practices.
tCO2eq.

● 130,000 ha of mixed-species plantation established through afforestation andrestoration of degraded forests.
75% forests restored45.0● 100,000 ha of degraded and monocultureusing a diversified forest
structure.
● 86 provincial, county and forest farms long-term forest management plans● 37,284 tCO2eq. reduced annually.
developed.
● 10,500 direct project beneficiaries, 40% of which are female beneficiaries.● 14,000 farmers and county-level staff received trainings.

● 420,000 hectares of forest area brought under management plans.
96%
20.8● 600 small forest producers reporting improved access to markets.
Project closed
and updated with ~achieved results from theN/A
latest available ISR.
30
● Increase incomes of about 1.9 million farmers and fishermen and the value of theirproducts.
● Average travel time from farm to markets reduced by 30% through 1,265 km of new● At least 10,000 pasture users benefit through their membership in Pastureroads.
Users’ Cooperatives.
54%
20.6● 110,000 ha of land managed with sustainable practices.
● 250 pre and post harvest facilities constructed or rehabilitated.

A

30

4,642,805 ha of new areas

6,095,032 metric tons of CO2

M

A

25

20

N/A

1.4 million ha of marine areas
brought under biodiversity
protection.

58,780 tons of CO2 emissions
reduced annually (by 2020).

N/A

/f

Allocated US$
mil
/h

19.5

87%

139.9

22%

67.3

709.1

85%

477.1

53.2

95%

53.2

38%

93%
6%

4.8

100%
39%

100.0

/g

54%

4.1

● 3,448 people trained.

outsideprotected
areaspeppersemissions
over● 38,487
project
beneficiaries.
● Increase yield of maize,
onions,sweet
and beefsequesteredcattled producedbytargeted
beneficiaries
as biodiversitythe project lifetime.
● 4 nursery lines for container grown seedlings of native tree species established.
by, respectively, 10%,managed
20%, 20%and 10%.
friendly.
● Capacity to produce high quality seedlings increased to 25,100,000 container grown
55%
25.0● 3,700 farmers adopting improved agricultural technology.
seedlings per year in project-financed nurseries.
● 22,000 under sustainable landscape management practices.
● 167,000 ha of young and middle-aged production-forest thinned according to● 8,700 ha provided with new/improved irrigation or drainage services.
approved management plans.
Updated for actual results at project completion.
● 30% in the average volume of sales of the product(s) involved in the alliances.
● 46,434 project beneficiaries, 30% of which are women.
61%● 15,960 ha provided with improved irrigation investments.

Committed US$ IBRD
61%
mil
share
20.6

0.0

A

/e

26%

0.0

96%

41.3

0%

By 2020:● 42,000,000 m of biogas used annually.
● 96,100 rural resident households with access to biogas supply.
● Additional biogas used as fuel for public transportation.
● 221,700 tons and 241,600 tons of, respectively, crop residues and livestock manure
treated by the project each year.
Project closed. Achieved results will be provided when the ICR is released.

11%

69.2

47%

69.2

● Reduce destructive fishing in selected areas.
● 1,140 direct beneficiaries in fishing communities.
Project closed. Achieved results will be provided when the ICR is released.

37%

3.8

89%

3.7

3

Notes: Projects results should be read in conjunction with the Resources section of this report, which describes the reporting approach.
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 describedherein are not funded by any particular project or program.

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Impact Reporting
Approach
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

The intention of impact reporting is to help investors develop a more detailed understanding of the resultsfrom World Bank financed projects eligible for funding through World Bank Sustainable Development
Bonds and Green Bonds. Key results indicators have been selected and, where possible, quantified,
but it is important to appreciate the inherent limitations of data reported. The main considerations toadequately interpret results of the SDB program and the Green Bond program are described below:

Sustainable Development Bonds
RESULTS INDICATORS The indicators used in the project tables of this report have been selectedfrom among other expected development results and are intended to illustrate the type and scale ofexpected results in a variety of sectors and country contexts. The results indicators presented for
aggregated Impact Highlights are drawn from the World Bank Corporate Scorecard, Tier 2 results, andCorporate Results Indicators. These are sector outcome or output indicators that can be measured andmonitored at the project level and aggregated across operations and countries. More information on
the definition of each “Tier 2” indicator can be found at https://scorecard.worldbank.org/.
SCOPE OF RESULTS Unless otherwise indicated, reporting is based on ex-ante estimates of impacts
at the time of project appraisal and mostly for direct project effects. The project Impact Highlights
in this report include selected results that are aggregated where possible and do not represent
all countries or regions where the World Bank supports the financing of projects. Project Impact
Highlights should not be considered a comprehensive accounting of results. Additional project results
are presented in the Project-by-Project section of the report, and the full set of project results can befound at http://projects.worldbank.org.
UNCERTAINTY An important consideration in estimating impact indicators and projecting results isthat they are based on assumptions. While technical experts aim to make sound and conservative
assumptions that are reasonable based on the information available at the time, the actual impact
of projects generally diverges from initial projections. In general, behavioral changes or shifts inbaseline conditions can cause deviations from projections.
COMPARABILITY Caution should be taken in comparing projects, sectors, or whole project portfolios
because baselines (and base years) and calculation methods may vary significantly. The cost
structures between countries will also vary, so that developing cost-efficiency calculations (suchas results per dollar invested) could, for example, place smaller countries with limited economies ofscale at a disadvantage and will not take into consideration the country-specific context.
OMISSIONS AND QUALITATIVE RESULTS Because the selected projects aim to provide social anddevelopmental benefits as well as climate and environmental ones, they will have impacts acrossa much wider range of indicators than were captured in the previous section. Therefore, exclusively
focusing on the reported indicators will leave out other important development impacts. Where
quantitative data is unavailable, qualitative indicators have been included to illustrate otherbeneficial impacts. The intention of impact reporting is to help investors develop a more detailed
understanding of the results from World Bank–financed projects. Several key results indicators
have been selected and, where possible, quantified, but it is important to appreciate the inherent
limitations of data reported.
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PERIOD OF INCLUSION IN REPORT Projects are added to the impact report in the fiscal year of
approval. Due to the size of the dataset, the detailed project tables are available on the World Bank
Treasury website.
REPORTING FOR CO-FINANCED PROJECTS The World Bank often co-finances projects withthe client country and/or other lenders. The results for the individual project are based on the
total project including all financiers. The World Bank’s share of the total financing is included foreach project.

Foreword

Introduction

Sustainable
Development
Goals

AGGREGATIONS OF GHG ESTIMATES When reported in the “Project Appraisal,” “Implementation
Status and Results,” and/or “Implementation Completion and Results” reports, the GHG emission
reductions for projects are reported in tons of CO2 equivalent. The World Bank, in conjunction withother international finance institutions, developed a harmonized approach for GHG accounting. At thesame time, the World Bank developed internally consistent GHG accounting methodologies to trackex-ante gross and net emissions in investment projects across relevant sectors and over their economic
lifetime. Starting in FY19, the World Bank Group began reporting aggregated annual net GHG emission
reductions in the 2019 Corporate Scorecard. Given these recent developments in GHG accounting, thebasis for estimating CO2 equivalent emission reductions for projects approved prior to FY19 may vary.

Issuance
Programs

ALL REPORTED RESULTS ARE FROM PUBLICLY AVAILABLE SOURCES Reporting is based on publicly
available impacts for the projects disclosed in “Project Appraisal,” “Implementation Status and Results,”
and “Implementation Completion and Results” reports. To facilitate comparability of the reported
results, the reporting units have been converted where such conversion is based on a standard
conversion factor. For a broader country context on developmental impacts of projects, view the full setof project documentation available on the World Bank website at http://projects. worldbank.org.

ImpactGreen Bonds

Resources

External Review

The World Bank issued its first Green Bond Impact Report in 2015, and impact reporting continues
to evolve from year to year. The initial reporting template and set of indicators presented were theproduct of engagement with investors, which benefited from the efforts of multilateral developmentbanks to harmonize metrics for GHG accounting31 and reporting on climate finance activities. The
World Bank led a collaborative initiative with other issuers to create the first harmonized templatewith core indicators for the Renewable Energy and Energy Efficiency sectors, which was publishedin March 2015. The template has since evolved and been adopted by many other issuers. This
consultative process of developing harmonized impact reporting templates has advanced under the
auspices of the Green Bond Principles and its working groups and continues to evolve to cover otherindicators and relevant sectors.
The indicators for this report have been selected among other expected development results andare intended to illustrate the type and scale of expected results in a variety of sectors and country
contexts. To better reflect individual country challenges, demands, and resources, the report focuseson presenting a diverse set of countries, projects, and sectors rather than cumulative impacts.

31

See the Joint Report on Multilateral Development Banks’ Climate Finance at https://thedocs.worldbank.org/en/doc/9234bfc633439d0172f6a6eb8df1b881-0020012021/
original/2020-Joint-MDB-report-on-climate-finance-Report-final-web.pdf

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World Bank Green Bond Eligible Projects
This impact report is organized according to the sectors represented in the World Bank’s Green Bondeligible projects portfolio. Where projects cover multiple sectors, the project is included in the main
sector only, but target results will include all components of the project.
• Renewable Energy and Energy Efficiency• Clean Transportation• Water and Wastewater Management

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review• Solid Waste Management• Biodiversity• Agriculture, Land Use, Forests, and Ecological Resources• Resilient Infrastructure, Built Environment and Other
The reporting framework adopted identifies core indicators in the following sectors: (1) Renewable
Energy and Energy Efficiency, (2) Clean Transportation, (3) Water and Wastewater, (4) Solid Waste
Management, and (5) Biodiversity. Where information covering the proposed core indicators is
publicly available, it is included. However, for some projects, quantitative estimates for these
indicators are either not available or not applicable. A few other indicators considered relevant forgreen bond investors are also provided.
The World Bank uses the Handbook: Harmonised Framework for Impact Reporting32 published by ICMA
that builds on the original framework initiated by the World Bank and others, published in 2015
and related templates in its impact report. These templates, organized by sector, are designed forharmonization of impact reporting and the proposed indicators may not fully reflect the purposeof the World Bank-financed projects in the sectors presented above. It is important to view the“other indicators” offered. Moreover, as the consultative process for developing harmonized impact
reporting templates advances, the core indicators might be subject to changes. Projects categorized
in the remaining sectors are more heterogeneous. The report provides project-specific indicators
based on available information on the scale of results.

Key Assumptions and Approach
The following key assumptions and approach were used in preparing this report.
• EX-ANTE PROJECTIONS: Quantitative estimates for target results represent ex-ante
projections developed during project design mostly for direct project impacts once projects areat normal operating capacity. The target results include expected results for projects approvedby the Board but still in the implementation phase. The impact report thus serves as anillustration of expected results made possible through Green Bond eligible projects, but it is notintended to and does not provide actual results achieved in a specific year or reporting period.
Target results have been updated with actual results at project completion. Where the amounts
are based on actual results, this is noted in the project tables.
• PERIOD OF INCLUSION IN THE REPORT: Impact reporting will be provided for projects forso long as they are part of the World Bank Green Bond project portfolio. This means projects
are added to the impact report once Green Bond proceeds have been allocated to support thefinancing of disbursements to the project and removed once the client has repaid the respective
32 https://www.icmagroup.org/assets/documents/Sustainable-finance/2021-updates/Handbook-Harmonised-Framework-for-Impact-Reporting-June-2021-100621.pdf

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loan. Projects may also be removed from future reports if the World Bank decides to remove
a project from its Green Bond project portfolio33. In the latter case, any Green Bond proceeds
previously allocated to support the financing of disbursements to that project will be credited
back to the Special Account for Green Bond proceeds and allocated to support the financing of
disbursements to other Green Bond eligible projects as part of the routine allocation process.
• REPORTING FOR CO-FINANCED PROJECTS: The World Bank often co-finances projects withthe client country and/or other lenders. The results for the individual project are based on the
total project including all financiers. The World Bank’s share of the total financing is included
for each project.

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources• PARTIAL PROJECT ELIGIBILITY: In cases where a project is only partially Green Bond eligible,
the committed amount reported reflects only that portion that is Green Bond eligible.
Allocations to support disbursements to such projects are made on a pro rata basis.
• AGGREGATION OF GHG ESTIMATES: When reported in the “Project Appraisal,” “Implementation
Status and Results,” and/or “Implementation Completion and Results” reports, the GHG
emission reductions for projects are reported in tons of CO2 equivalent. The World Bank, in
conjunction with other International Finance Institutions, developed a harmonized approachfor GHG accounting.34 At the same time, the World Bank developed internally consistent GHG
accounting methodologies to track ex-ante gross and net emissions in investment projects
across relevant sectors and over their economic lifetime. Starting in FY19, World Bank isreporting aggregated annual net GHG emission reductions in the 2019 Corporate Scorecard35.
Given these recent developments, the basis for estimating CO2 equivalent emission reductions
for projects approved prior to FY19 may vary.
• ALL REPORTED RESULTS ARE FROM PUBLICLY AVAILABLE SOURCES: Reporting is basedon publicly available impacts for the projects disclosed in “Project Appraisal,” “Implementation
Status and Results,” and “Implementation Completion and Results” reports. To facilitatecomparability of the reported results, the reporting units have been converted where such
conversion is based on a standard conversion factor.

External Review

33 As part of the World Bank’s due diligence in monitoring projects included in its Green Bond project portfolio, it may elect to remove a project.  Possible reasons for removing a
project from the Green Bond project portfolio include, but are not limited to, cancellation of the project or significant implementation delays.
34 For more information on the harmonization framework, see https://www.worldbank.org/content/dam/Worldbank/document/IFI_Framework_for_Harmonized_Approach%20
to_Greenhouse_Gas_Accounting.pdf.
35 https://scorecard.worldbank.org/

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Alignment with Market
Standards
Foreword

Sustainable Development Bond Process

Introduction

World Bank Sustainable Development Bonds are consistent with the Sustainability Bond
Guidelines,36 coordinated by ICMA.

Sustainable
Development
Goals

Use of Proceeds

Issuance
Programs

ImpactResources

External Review

All World Bank bonds support the financing of a combination of green and social, “sustainable
development” projects, programs, and activities in IBRD member countries. Each project is designed
to achieve both positive social and environmental impacts and outcomes in line with the World Bank
Group’s twin goals of eliminating extreme poverty and promoting shared prosperity.
The World Bank works in every major area of development in partnership with member governments
to find sustainable solutions to local and global development challenges. The list below provides
examples of projects that meet the eligibility criteria to be supported by the World Bank’s
Sustainable Development Bonds and we have classified projects as social or green to show alignment
with the Sustainability Bond Guidelines.
Examples of projects, programs and activities that can be classified as “social projects” include, but
are not limited to those that aim to:• Improve health care, nutrition, and childhood development• Improve equitable access to education, raise students’ retention and completion rates, improvelearning conditions in schools, train teachers and improve teachers’ foundational skills• Advance food security• Strengthen social security, pension, and legal systems• Improve access for individuals and businesses to affordable financial products and services
such as transactions and payment services, savings, credit, and insurance• Support and improve access to affordable housing through regulatory and policy reform andimproving access to finance• Create more and higher-quality jobs, and connect disadvantaged people to jobs by eliminating
barriers and building skills• Improve the effectiveness of formal technical and vocational training, short-term skills
development, and apprenticeship programs

36 https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-bond-guidelines-sbg/

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• Provide financial, technical and advisory support to countries that have decided to transition
from coal to cleaner sources of energy
Examples of projects, programs and activities that can be classified as “green projects” include, but
are not limited to those that aim to:• Advance climate-smart agriculture, improve agricultural infrastructure and support services,
strengthen food value chains, and increase market access for smallholder farmers• Manage water holistically for sustained water resource utilization, improved delivery of services
and building resilience

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review• Address biodiversity conservation and challenges of pollution and natural resource degradation• Help resource-rich developing countries benefit from the increasing demand for minerals andmetals, while ensuring that mining is managed to minimize the environmental and climate
footprint• Prepare national plans and legislation to protect the environment and manage disaster risk
• Contribute to climate mitigation (solar and wind installations, new technologies that reduce
GHG emissions, rehabilitation of power plants and transmission facilities to reduce emissions,clean transportation, sustainable waste management, carbon reduction through reforestationand prevention of deforestation) and climate adaptation (protection against flooding,
improvements in food security, climate-resilient agriculture, sustainable forest management,
and prevention of deforestation).
The foregoing classification of the examples as either social or green is for convenience only. Manyof the projects, programs, and activities described above include social and green components bydesign and will produce a mix of green and social outcomes. Additional examples of eligible projects,
programs, and activities can be found at: https://www.worldbank.org/en/topic.

Target populations
World Bank–financed projects aim to protect and empower vulnerable groups—including women andgirls, the poor, disabled people, and youth—to reduce poverty, improve living standards, and raise
incomes and productivity.

Process for Evaluation & Selection of Eligible Operations
All World Bank operations are designed to achieve positive environmental and social impacts andoutcomes consistent with the World Bank Group’s twin goals. Operations are approved after an
extensive internal review process that integrates sustainability policies and environmental and social
requirements. This is complemented by comprehensive project disclosure, portfolio management
and review processes that are designed to provide timely feedback to enhance, improve, and, if
necessary, adjust operations to achieve positive impacts in line with desired outcomes.

Management of Proceeds
The proceeds of all World Bank bonds are invested in accordance with IBRD’s liquidity asset
management investment policy, which incorporates environmental, social, and governance criteria
for investment decision-making and monitoring. Disbursement requests for eligible operations takeplace in accordance with IBRD’s established policies and procedures. Disbursements are often madeover a period of several years, depending on when each project/program milestone is reached. The

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use of the net proceeds is tracked by IBRD on a continuous basis and IBRD reports on the use ofproceeds on an annual basis.

ReportingForeword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

The World Bank is committed to producing an annual impact report within one year following theclose of the fiscal year (June 30) describing the operations supported by the financing generated
by World Bank bonds issued during the previous fiscal year. This report provides informationon allocation of bond proceeds and reports on results across a range of measurable outcomes,
highlighting a selection of project development indicators. Impact reports are available on the WorldBank Treasury website: http://treasury.worldbank.org.

Green Bond Process
World Bank Green Bonds are consistent with the Green Bond Principles,37 coordinated by ICMA.
The World Bank’s green bond eligibility criteria were independently reviewed by the Center forInternational Climate and Environmental Research at the University of Oslo (CICERO).
The World Bank Green Bonds are a subset of our Sustainable Development Bond Program. Green
Bonds follow the same rigorous process as all World Bank bonds and are subject to an additional
step to select green bond–eligible projects that promote the transition to low-carbon and/or climate
resilient growth in World Bank client countries.

Use of Proceeds
World Bank Green Bonds support the funding of eligible projects that promote the transition to lowcarbon and climate resilient growth in IBRD member countries. Eligible projects may include thosethat mitigate climate change including investments in low-carbon and clean technology programs,
such as energy efficiency and renewable energy programs and projects or adaptation to climatechange, including investments in climate-resilient growth.
Examples of climate-mitigation projects include, without limitation:• Rehabilitation of power plants and transmission facilities to reduce GHG emissions• Solar and wind installations• Funding for new technologies that permit significant reductions in GHG emissions• Greater efficiency in transportation, including fuel switching and mass transport• Waste management (methane emission) and construction of energy-efficient buildings• Carbon reduction through reforestation and avoided deforestation
Examples of climate adaptation projects include, without limitation:• Protection against flooding (including reforestation and watershed management)• Food security improvement and stress-resilient agricultural systems that slow deforestation• Sustainable forest management and avoided deforestation

37 https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/green-bond-principles-gbp

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Process for Evaluation & Selection of Eligible Operations
Green Bond–eligible projects– go through a rigorous review and approval process to ensure that theyalign with the World Bank Group’s mission and meet countries’ development priorities. The processincludes: (i) screening to identify potential environmental or social impacts and designing policies andconcrete actions to mitigate any such impacts; (ii) approval by the Board of Executive Directors—aresident Board with 25 chairs representing member countries; and (iii) regular monitoring andevaluation. Additionally, World Bank environmental specialists screen all projects to assess climate
co-benefits. This assessment is integral to identifying projects that meet World Bank Green Bond
project eligibility criteria.

Foreword

Management of Proceeds
Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

Green Bond proceeds are credited to a special cash account and invested in accordance with IBRD’s
liquidity asset management investment policy, which incorporates environmental, social, andgovernance criteria for investment decision-making and monitoring, until used for the support of theWorld Bank’s financing of eligible Green Bond projects. Disbursement requests for eligible projects
take place in accordance with IBRD’s established policies and procedures. Disbursements are often
made over a period of several years, depending on when each project milestone is reached. As
disbursements are made for Green Bond projects, corresponding amounts from the special accountare allocated to the general lending pool on at least a quarterly basis.

Reporting
The World Bank has published an impact report since 2015 and before that used its investor
newsletter to report results. The World Bank is committed to producing an annual impact report
within one year following the close of the fiscal year (June 30) describing the operations supportedby the financing generated by World Bank Green Bonds issued during the previous fiscal year. This
report provides information on the allocation of bond proceeds and reports on results across a
range of measurable outcomes, highlighting a selection of individual project development indicators.
Impact reports are available on the World Bank Treasury website: http://treasury.worldbank.org.

External Review

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World Bank Annual &Sustainability Reporting
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

The Annual Report provides insights and financial data on the World Bank’s activities andcontributions to development progress for the fiscal year. Information and results are presented
thematically and by region, and fiscal year data is presented separately for IBRD and IDA. The
annual report also summarizes key sustainability considerations and data on our operations andcorporate practices. The World Bank made its first climate-related disclosure, covering IBRD and
IDA, aligned with the recommendations of the Task Force on Climate-related Financial Disclosures,in the FY22 annual report. Before that, in 2009, the World Bank Group was the first and only
multilateral development bank to disclose through the CDP (formerly known as Carbon Disclosure
Project), which covers climate change management, climate change risks and opportunities, GHG
emissions accounting, and energy and fuel use.

External Review

The World Bank Group and World Bank Corporate Scorecards provide an overarching view of
the results and performance indicators of the World Bank (combined results for IBRD and IDA),
the International Finance Corporation, and the Multilateral Investment Guarantee Agency.
The Scorecards are critical tools for monitoring the Bank Group’s performance in key global
and institutional priority areas. The Scorecards provide snapshots of results and performanceindicators to the Board, Bank Group management, and the public as part of the institution’s
accountability framework.

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Foreword

THE WORLD BANK IMPACT REPORT 2022

The World Bank Corporate Responsibility Strategic Plan focuses on the World Bank’s efforts
to review mandates and progress on corporate responsibility at the World Bank; evaluate thecurrent corporate responsibility landscape and trends; engage stakeholders for input on corporate
responsibility issues; identify implementation priorities; and establish a rolling three-year
implementation plan for corporate responsibility.

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactThis World Bank GRI Index is an inventory of the sustainability considerations used in World Bank
lending and analytical services as well as our corporate practices. This sustainability disclosure index
was prepared in accordance with the GRI Standards. The GRI Index covers activities carried out
during the fiscal year (July 1 to June 30).

Resources

External Review

The World Bank’s biennial Sustainability Review provides insights into World Bank activities tomanage the environmental, social, and economic impacts of internal business operations. The
content and data in this document relate to IBRD and IDA, which together form the World Bank. This
Review complements the World Bank GRI Index.
More information on how the World Bank manages its internal operations to safeguard the wellbeingof staff, ecosystems, communities, and the economies where we work is available on the WorldBank’s corporate responsibility website.

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Accountability
Mechanisms
Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Several key groups hold the World Bank accountable to its clients and shareholders, ensure thehighest performance standards in development effectiveness, protect the integrity of the projects
financed, and continually improve the efficacy of its internal operations.
The Accountability Mechanism was established by the World Bank’s Board of Directors in 2020.
It is independent from Bank management, reporting directly to the Board, and houses both theInspection Panel and the new Dispute Resolution Service, which was also created in 2020.
The Accountability Mechanism is headed by a secretary tasked with overseeing the processingof complaints, which may be addressed through a compliance investigation carried out by the
Inspection Panel or by a dispute resolution process facilitated by the Dispute Resolution Service.
The Accountability Mechanism provides an avenue for individuals and communities who believe they
have been or are likely to be harmed by a project funded by IBRD or IDA to express their concernsand have them reviewed and addressed. The Inspection Panel’s annual reports are available online at
inspectionpanel.org.
The Independent Evaluation Group (IEG) aims to strengthen the World Bank Group’s
development effectiveness through evaluations that assess results and performance and provide
recommendations for improvements. IEG’s evaluations contribute to accountability and learning,helping inform the World Bank Group’s directions, policies and procedures, and country partnershipframeworks. IEG reports are available online at ieg.worldbankgroup.org.
The Integrity Vice Presidency (INT) investigates allegations of fraud, corruption, collusion, coercion,and obstruction in World Bank Group–financed projects, including those involving World Bank Group
staff and corporate vendors. INT’s annual report is available online at worldbank.org/en/about/unit/
integrity-vice-presidency.
The Grievance Redress Service (GRS) is an avenue for individuals and communities to submit
complaints directly to World Bank management if they believe a World Bank-supported project has or
is likely to have adverse effects on them, their community, or their environment. The GRS enhances theWorld Bank’s responsiveness and accountability by enabling individuals and communities to engage
with the World Bank and borrowing countries to address issues that have not been resolved by projectlevel grievance mechanisms. Its annual reports are available online at https://www.worldbank.org/en/
projects-operations/products-and-services/grievance-redress-service.
The Group Internal Audit (GIA) provides independent, objective, and insightful risk-based assurance
and advice to protect and enhance the value of the World Bank Group. GIA provides senior management
and the Board with an independent view and reasonable assurance that processes for managing
and controlling risks—as well as their overall governance—are adequately designed and functioning
effectively. GIA’s annual and quarterly reports are available online at worldbank.org/internalaudit.
The World Bank monitors IBRD’s operational performance through the World Bank Corporate Scorecard
and regular opportunities to discuss progress on operations with the World Bank’s Executive Directors.
The World Bank Corporate Scorecard is available online at scorecard.worldbank.org.
Boards of Directors’ work programs, calendars, and meeting minutes are available at worldbank.org/
en/about/leadership/directors.

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Deloitte & Touche LLP
7900 Tysons One Place
Suite 800
McLean, VA 22102
USA
Tel: +1 703 251 1000
Fax: +1 703 251 3400
www.deloitte.com

INDEPENDENT ACCOUNTANT’S REPORT

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

President and Board of Executive Directors
International Bank for Reconstruction and Development:
We have reviewed management of the International Bank of Reconstruction and Development’s (“IBRD”)
assertion that for loans that had commitments or disbursements during the year ended June 30, 2022,$33.1 billion was committed, net, and $28.2 billion was disbursed, net, by IBRD for World Bank Projects
during the one-year period ended June 30, 2022; and that for loans that had commitments or
disbursements during the year ended June 30, 2022, $145.2 billion was cumulatively committed, net ofcancellations and terminations, and $76.1 billion was cumulatively disbursed, net of refunds, over the lifeof the loan, by IBRD for World Bank Projects; as listed and defined in the World Bank Projects Commitment
and Disbursement Schedule (the “Schedule”). Our responsibility is to express a conclusion on
management’s assertion based on our review.
Our review was conducted in accordance with attestation standards established by the American Instituteof Certified Public Accountants (“AICPA”). Those standards require that we plan and perform the review toobtain limited assurance about whether any material modifications should be made to the Schedule inorder for it to be presented in accordance with the definitions in the Schedule (the "Criteria”). The
procedures performed in a review vary in nature and timing from and are substantially less in extent than,an examination, the objective of which is to obtain reasonable assurance about whether the Schedule ispresented in accordance with the Criteria, in all material respects, in order to express an opinion.
Accordingly, we do not express such an opinion. Because of the limited nature of the engagement, the levelof assurance obtained in a review is substantially lower than the assurance that would have been obtained
had an examination been performed. We believe that the review evidence obtained is sufficient andappropriate to provide a reasonable basis for our conclusion.
We are required to be independent and to meet our other ethical responsibilities in accordance with
relevant ethical requirements related to the engagement.
The procedures we performed were based on our professional judgement. In performing our review, we
performed analytical procedures, inquiries, and other procedures as we considered necessary in thecircumstances. For selections of the projects listed in the Schedule, we performed tests of mathematicalaccuracy of computations and compared the commitments and disbursements to underlying records.
Information included on Page 1 through 73 and Page 109 of the World Bank IBRD Impact Report were notsubject to our review and, accordingly, we do not express a conclusion or any form of assurance on suchinformation. Further, any information relating to forward-looking statements, targets, goals, progressagainst goals, and linked information was not subject to our review and, accordingly, we do not express a
conclusion or any form of assurance on such information.

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Based on our review, we are not aware of any material modifications that should be made to management’s
assertion that for loans that had commitments or disbursements during the year ended June 30, 2022,$33.1 billion was committed, net, and $28.2 billion was disbursed, net, by IBRD for World Bank Projects
during the one-year period ended June 30, 2022; and that for loans that had commitments or
disbursements during the year ended June 30, 2022, $145.2 billion was cumulatively committed, net ofcancellations and terminations, and $76.1 billion was cumulatively disbursed, net of refunds, as presented
in the Schedule are in accordance with the Criteria described in the Notes of the Schedule.

Foreword

Introduction

June 20, 2023

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

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Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

THE WORLD BANK IMPACT REPORT 2022

Management’s Assertion Regarding Commitments
and Disbursements for World Bank Projects
The International Bank for Reconstruction and Development (“IBRD” or “World Bank”) is
responsible for the completeness, accuracy, and validity of the World Bank Projects Commitment
and Disbursement Schedule (the “Schedule”). IBRD management asserts that for loans that had
commitments or disbursements during the year ended June 30, 2022, $33.1 billion was committed,
net, and $28.2 billion was disbursed, net, by IBRD for World Bank Projects during the one-year
period ended June 30, 2022 (as listed and defined in the Schedule). Additionally, IBRD management
asserts that for loans that had commitments or disbursements during the year ended June 30, 2022,$145.2 billion was cumulatively committed, net of cancellations and terminations, and $76.1 billion
was cumulatively disbursed, net of refunds, over the life of the loan, by IBRD for World Bank Projects(as listed and defined in the Schedule).

World Bank Projects Commitment and Disbursement Schedule
ImpactResources

External Review#

Project ID

Project Name

1

P144688

Health System
Improvement Project2

P155875

3

ApprovalFY

IBRD Net
Commitments
during theyear ended
June 30, 2022

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region2015

Albania

EUROPE AND
CENTRAL ASIA

29.50

69.50

4.63

21.59

Project for Integrated Urban andTourism Development (PIUTD)

2017

Albania

EUROPE AND
CENTRAL ASIA

34.60

105.60

10.60

28.59

P170891

Albania National Water
Supply and Sanitation Sector
Modernization Program

2022

Albania

EUROPE AND
CENTRAL ASIA

75.00

75.00

-

-

4

P110481

Energy Community of South
East Europe APL Program - APL
5 for Albania DAM SAFETY

2008

Albania

EUROPE AND
CENTRAL ASIA

-

36.50

1.86

29.83

5

P121186

Water Resources andIrrigation Project

2013

Albania

EUROPE AND
CENTRAL ASIA

-

66.36

0.26

61.81

6

P122233

Social AssistanceModernization Project

2012

Albania

EUROPE AND
CENTRAL ASIA

-

59.98

5.60

52.37

7

P130492

ENVIRONMENTAL SERVICES

2015

Albania

EUROPE AND
CENTRAL ASIA

-

9.95

0.76

8.34

8

P132982

Results-based Road Maintenanceand Safety Project

2015

Albania

EUROPE AND
CENTRAL ASIA

-

80.00

14.09

63.71

9

P144029

The Power Recovery Project

2015

Albania

EUROPE AND
CENTRAL ASIA

-

97.56

(3.12)

84.48

10

P163239

Regional and Local
Roads Connectivity

2018

Albania

EUROPE AND
CENTRAL ASIA

-

50.00

7.87

33.99

11

P174101

Albania Emergency COVID-19
Response Project

2021

Albania

EUROPE AND
CENTRAL ASIA

-

16.80

13.39

16.41

12

P176630

Angola COVID-19 Strategic
Preparedness And
Response Project2022

AngolaEASTERN AND
SOUTHERNAFRICA

150.00150.00

77.96

77.96

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World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

Project ID

ApprovalFY

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region500.00500.00--13

P169983

Third Angola Growth and Inclusion
Development Policy Financing

2022

AngolaEASTERN AND
SOUTHERNAFRICA

14

P177004

Climate Resilience and Water
Security in Angola-RECLIMA

2022

AngolaEASTERN AND
SOUTHERNAFRICA

300.00300.00--15

P178043

Angola Strengthening
Statistical Capacity2022

AngolaEASTERN AND
SOUTHERNAFRICA

60.00

60.00

-

-

16

P177305

Smallholder Agricultural
Transformation Project2022

AngolaEASTERN AND
SOUTHERNAFRICA

300.00300.00--17

P105101

The AO-Local Development Project2010

AngolaEASTERN AND
SOUTHERNAFRICA

-

70.00

17.60

70.00

18

P151224

Second Water Sector Institutional
Development Project

2017

AngolaEASTERN AND
SOUTHERNAFRICA-

350.00

25.62

72.57

19

P154447

Smallholder Agriculture
Development andCommercialization Project

2017

AngolaEASTERN AND
SOUTHERNAFRICA

-

70.00

11.52

66.37

20

P157671

Angola Statistics Project

2017

AngolaEASTERN AND
SOUTHERNAFRICA

-

62.00

7.99

54.89

21

P159052

Angola Commercial Agriculture
Development Project (PDAC)

2018

AngolaEASTERN AND
SOUTHERNAFRICA-

130.00

3.91

25.27

22

P160948

Angola Health System
Performance Strengthening
Project (HSPSP)

2018

AngolaEASTERN AND
SOUTHERNAFRICA-

110.0014.78

103.4523

P164486

Agricultural Productivity
Program for Southern
Africa - Angola & Lesotho

2019

AngolaEASTERN AND
SOUTHERNAFRICA

-

25.00

4.10

5.16

24

P166805

Angola - Electricity Sector
Improvement and Access Project

2021

AngolaEASTERN AND
SOUTHERNAFRICA-

250.00

1.68

1.68

25

P167817

Regional Disease Surveillance
Systems Enhancement
Project (REDISSE) Phase IV

2020

AngolaEASTERN AND
SOUTHERNAFRICA

-

60.00

14.10

14.25

26

P168336

Second Angola Growth andInclusion Development Policy
Financing Operation

2021

AngolaEASTERN AND
SOUTHERNAFRICA-

700.00700.00700.0027

P168699

Girls Empowerment andLearning for All Project

2021

AngolaEASTERN AND
SOUTHERNAFRICA-

250.00

11.07

11.07

28

P169779

Strengthening the National
Social Protection System
Project (Cash Transfer)

2020

AngolaEASTERN AND
SOUTHERNAFRICA-

320.00

67.45

88.28

29

P157715

OECS MSME Guarantee
Facility Project

2019

Antigua andBarbudaLATIN
AMERICA ANDCARIBBEAN

-

2.00

0.02

1.83

30

P173767

AR: COVID-19 Emergency
Response Project

2020

Argentina

LATIN
AMERICA ANDCARIBBEAN

500.00535.00498.00533.0031

P176905

Climate Intelligent and Inclusive
Agri-food Systems Project2022

Argentina

LATIN
AMERICA ANDCARIBBEAN

400.00400.00

46.00

46.00

32

P175669

Sustainable Recovery ofLandscapes and Livelihoods
in Argentina Project2022

Argentina

LATIN
AMERICA ANDCARIBBEAN

45.00

45.00

-

-

ImpactResources

Project Name

IBRD Net
Commitments
during theyear ended
June 30, 2022

External Review

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World Bank Projects Commitment and Disbursement Schedule continued

Introduction

Sustainable
Development
Goals

Issuance
Programs

Country

RegionP176781

Promoting Better Jobs
through Integrated Laborand Skills Programs

2022

Argentina

LATIN
AMERICA ANDCARIBBEAN

250.00250.00

0.63

0.63

34

P178067

Buenos Aires – Belgrano
Sur Passenger Railway Line
Modernization Project2022

Argentina

LATIN
AMERICA ANDCARIBBEAN

600.00600.00--35

P105680

Matanza-Riachuelo Basin
Sustainable Development Project2009

Argentina

LATIN
AMERICA ANDCARIBBEAN-

1,228.03

98.96

981.7636

P106685

AR Socio-Economic
Inclusion In Rural Areas

2015

Argentina

LATIN
AMERICA ANDCARIBBEAN

-

52.50

16.82

49.83

37

P125151

Plan Belgrano Water Supply
and Sanitation Services
Development Project

2011

Argentina

LATIN
AMERICA ANDCARIBBEAN-

200.31

23.13

190.1438

P132846

Forests and Community

2015

Argentina

LATIN
AMERICA ANDCARIBBEAN

-

20.76

4.11

20.68

39

P133129

Argentina Youth Employment
Support Project

2015

Argentina

LATIN
AMERICA ANDCARIBBEAN-

425.0018.62

425.0040

P133193

Protecting Vulnerable People
Against Noncommunicable
Diseases Project

2015

Argentina

LATIN
AMERICA ANDCARIBBEAN-

303.82

62.00

263.9741

P133195

Argentina Second Rural Education
Improvement Project - PROMER-II

2015

Argentina

LATIN
AMERICA ANDCARIBBEAN-

245.7314.00

245.7342

P133288

Argentina Renewable Energy
for Rural Areas Project

2015

Argentina

LATIN
AMERICA ANDCARIBBEAN-

168.66

16.23

73.76

43

P145686

AR Flood Risk Management
Support Project for theCity of Buenos Aires

2016

Argentina

LATIN
AMERICA ANDCARIBBEAN-

200.0014.00

162.7744

P157136

Modernization and Innovation for
Better Public Services in Argentina

2017

Argentina

LATIN
AMERICA ANDCARIBBEAN

-

78.78

5.38

78.78

45

P158791

Children and YouthProtection Project

2016

Argentina

LATIN
AMERICA ANDCARIBBEAN-

1,350.00

8.36

1,228.31

46

P159515

Access to Longer Term
Finance for Micro, Small andMedium Enterprises Project2017

Argentina

LATIN
AMERICA ANDCARIBBEAN

-

50.00

18.75

48.24

47

P159843

Metropolitan Buenos Aires
Urban Transformation Project2017

Argentina

LATIN
AMERICA ANDCARIBBEAN-

300.0011.00

156.4948

P159929

Integrated Habitat andHousing Project2017

Argentina

LATIN
AMERICA ANDCARIBBEAN-

200.0015.69

132.5349

P161798

Salado Integrated River BasinManagement Support Project2017

Argentina

LATIN
AMERICA ANDCARIBBEAN-

300.0041.00

118.7550

P162316

Integrated Risk Management in
the Rural Agroindustrial System

2018

Argentina

LATIN
AMERICA ANDCARIBBEAN-

150.00

6.57

18.59

51

P163115

Northwestern Road
Development Corridor Project

2018

Argentina

LATIN
AMERICA ANDCARIBBEAN-

300.00

32.00

89.75

52

P163345

Supporting Effective Universal
Health Coverage in Argentina

2018

Argentina

LATIN
AMERICA ANDCARIBBEAN-

550.00170.10383.30

Project ID

Project Name

33

ImpactResources

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FY#

Foreword

IBRD Net
Commitments
during theyear ended
June 30, 2022

External Review

78

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FYCountry

RegionImproving Inclusion in Secondaryand Higher Education

2019

Argentina

LATIN
AMERICA ANDCARIBBEAN-

341.0062.67

186.67

P170329

Social Safety Nets for
Vulnerable Populations in theProvince of Buenos Aires

2020

Argentina

LATIN
AMERICA ANDCARIBBEAN-

150.0039.48

130.5055

P172689

BUENOS AIRES WATER SUPPLYAND SANITATION WITH A
FOCUS ON VULNERABLE
AREAS PROGRAM

2021

Argentina

LATIN
AMERICA ANDCARIBBEAN-

300.00

15.75

15.75

56

P174946

Digital Inclusion and Innovationin Public Services in Argentina

2021

Argentina

LATIN
AMERICA ANDCARIBBEAN

-

80.00

4.20

4.20

57

P175138

Buenos Aires – Mitre
Passenger Railway Line
Modernization Project

2021

Argentina

LATIN
AMERICA ANDCARIBBEAN-

347.00

26.46

26.46

58

P176803

Fourth Public Sector
Modernization Project

2022

Armenia

EUROPE AND
CENTRAL ASIA

29.90

29.90

-

-

59

P130182

Education Improvement Project

2014

Armenia

EUROPE AND
CENTRAL ASIA

25.00

40.00

1.57

14.99

60

P116748

Electricity Supply
Reliability Project

2011

Armenia

EUROPE AND
CENTRAL ASIA

-

70.07

2.25

57.43

61

P126782

LIFELINE ROAD NETWORKIMPROVEMENT PROJECT

2013

Armenia

EUROPE AND
CENTRAL ASIA-

100.00

8.16

96.36

62

P128442

Disease Prevention andControl Project

2013

Armenia

EUROPE AND
CENTRAL ASIA

-

7.40

1.85

1.87

63

P133705

Second Community Agriculture
Resource Management andCompetitiveness Project

2014

Armenia

EUROPE AND
CENTRAL ASIA

-

20.63

4.76

19.51

64

P146199

Electricity Transmission
Network Improvement Project

2015

Armenia

EUROPE AND
CENTRAL ASIA

-

39.86

2.89

27.39

65

P146994

Trade Promotion andQuality Infrastructure

2015

Armenia

EUROPE AND
CENTRAL ASIA

-

48.00

3.60

22.03

66

P148836

Armenia Social Investment andLocal Development Project

2015

Armenia

EUROPE AND
CENTRAL ASIA

-

50.00

2.77

29.76

67

P149913

Third Public Sector
Modernization Project

2016

Armenia

EUROPE AND
CENTRAL ASIA

-

20.30

6.60

18.46

68

P150327

Local Economy and Infrastructure
Development Project

2016

Armenia

EUROPE AND
CENTRAL ASIA

-

42.80

4.42

15.14

69

P157571

Power Sector Financial
Recovery Program

2016

Armenia

EUROPE AND
CENTRAL ASIA

-

30.00

0.50

30.00

70

P122812AGRICULTURALCOMPETITIVENESSIMPROVEMENT PROJECT

2014

Azerbaijan

EUROPE AND
CENTRAL ASIA

-

34.50

2.98

34.50

71

P144700

Judicial Services and Smart
Infrastructure Project2015

Azerbaijan

EUROPE AND
CENTRAL ASIA-

150.0022.21

129.21

72

P171250

Employment Support Project

2020

Azerbaijan

EUROPE AND
CENTRAL ASIA-

100.00

18.92

19.82

73

P174379

Regional Connectivity andDevelopment Project2021

Azerbaijan

EUROPE AND
CENTRAL ASIA

-

65.00

0.25

0.25

74

P146194

Belarus Biomass District
Heating Project

2014

Belarus

EUROPE AND
CENTRAL ASIA

-

90.00

4.16

87.77

75

P146997

BELARUS PUBLIC
FINANCIAL MANAGEMENT
MODERNIZATION PROJECT

2016

Belarus

EUROPE AND
CENTRAL ASIA

-

8.95

0.36

8.95

76

P147760

Forestry Development Project

2015

Belarus

EUROPE AND
CENTRAL ASIA

-

55.11

0.65

54.53

77

P148181

Belarus Education
Modernization Project

2016

Belarus

EUROPE AND
CENTRAL ASIA-

152.30

22.99

78.69

#

Project ID

Project Name

53

P16891154

Foreword

Introduction

IBRD Net
Commitments
during theyear ended
June 30, 2022

79

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactProject ID

Project Name

78

P149697

Transit Corridor
Improvement Project79

P15677880

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region2015

Belarus

EUROPE AND
CENTRAL ASIA-

250.0016.54

247.74Belarus Health System
Modernization Project

2017

Belarus

EUROPE AND
CENTRAL ASIA-

125.00

12.07

48.07

P164260

Belarus Utility Efficiency andQuality Improvement Project

2019

Belarus

EUROPE AND
CENTRAL ASIA-

101.00

18.30

28.35

81

P165651

Sustainable Energy Scale-Up

2020

Belarus

EUROPE AND
CENTRAL ASIA

-

99.30

14.68

15.27

82

P167992

Belarus Higher Education
Modernization Project

2020

Belarus

EUROPE AND
CENTRAL ASIA-

109.90

2.32

3.10

83

P173828

Belarus Emergency COVID-19
Response Project

2020

Belarus

EUROPE AND
CENTRAL ASIA

-

98.50

49.42

89.93

84

P177987

Belize COVID-19 Response Project

2022

BelizeLATIN
AMERICA ANDCARIBBEAN

6.20

6.20

-

-

85

P172592

Climate Resilient and Sustainable
Agriculture Project

2022

BelizeLATIN
AMERICA ANDCARIBBEAN

25.00

25.00

-

-

86

P127338

Climate Resilient Infrastructure

2015

BelizeLATIN
AMERICA ANDCARIBBEAN

-

29.38

1.28

29.38

87

P127743

Rural Alliances Project II

2013

Bolivia

LATIN
AMERICA ANDCARIBBEAN-

100.00

41.26

86.17

88

P144597

BO Road Sector Capacity
Development Project

2016

Bolivia

LATIN
AMERICA ANDCARIBBEAN-

165.9521.85

134.5589

P152281

Santa Cruz Road Corridor
Connector Project (SanIgnacio - San Jose)2017

Bolivia

LATIN
AMERICA ANDCARIBBEAN-

200.00

33.81

46.17

90

P164453

Health Service Delivery
Network Project

2018

Bolivia

LATIN
AMERICA ANDCARIBBEAN-

252.0049.16

138.4291

P168943

BiH Water and Sanitation
Services Modernization Project2022

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

60.90

60.90

-

-

92

P171150

Health Systems
Improvement Project2022

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

75.00

75.00

-

-

93

P171266

Agriculture Resilience andCompetitiveness Project2022

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

68.50

68.50

-

-

94

P128950

Real Estate Registration Project

2013

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

-

22.40

5.40

9.20

95

P143580

Energy Efficiency Project

2014

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

-

32.00

13.33

21.27

96

P152347

Bosnia and Herzegovina
Employment Support Program

2017

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

-

55.80

7.95

52.76

97

P152406

Federation Road Sector
Modernization Project2017

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

-

64.60

8.56

49.37

98

P158387

Banking Sector
Strengthening Project2017

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

-

60.00

3.48

64.74

99

P173809

Bosnia and Herzegovina
Emergency COVID-19 Project

2020

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

-

36.20

8.18

39.36

100

P174604

BiH Firm Recovery andSupport Project2021

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

-

65.30

5.80

5.80

101

P102368

Integrated Transport

2009

Botswana

EASTERN AND
SOUTHERNAFRICA-

186.0032.04

167.06

102

P160911

Emergency Water Security
and Efficiency Project2017

Botswana

EASTERN AND
SOUTHERNAFRICA-

145.50

25.33

50.83

Resources

External Review

ApprovalFY

IBRD Net
Commitments
during theyear ended
June 30, 2022

80

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

Project ID

ApprovalFY

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region-250.00250.00250.00103

P175934

Botswana Programmatic Economic
Resilience and Green Recovery DPF

2021

Botswana

EASTERN AND
SOUTHERNAFRICA

104

P177632

BR State of Goias Sustainable
Recovery DPF

2022

BrazilLATIN
AMERICA ANDCARIBBEAN

500.00500.00--105

P168634

Parana Public Sector
Modernization and Innovationfor Service Delivery Operation

2022

BrazilLATIN
AMERICA ANDCARIBBEAN

130.00130.00--106

P178729

Rio de Janeiro Adjustment
and Sustainable
Development Policy Loan

2022

BrazilLATIN
AMERICA ANDCARIBBEAN

135.24135.24--

107

P178563

RECOVERING LEARNINGLOSSES FROM COVID-19
PANDEMIC IN BRAZIL

2022

BrazilLATIN
AMERICA ANDCARIBBEAN

250.00250.00--108

P088966

BR Municipal APL: Teresina
Enhancing Municipal Governanceand Quality of Life Project2008

BrazilLATIN
AMERICA ANDCARIBBEAN-

119.13

2.43

52.38

109

P107146

Acre Social and Economic
Inclusion and Sustainable
Development Project - PROACRE

2009

BrazilLATIN
AMERICA ANDCARIBBEAN-

206.53

5.14

192.39110

P121495

Tocantins Integrated Sustainable
Regional Development

2013

BrazilLATIN
AMERICA ANDCARIBBEAN-

281.0236.24

281.02

111

P126452

Rio Grande do Norte: Regional
Development and Governance2013

BrazilLATIN
AMERICA ANDCARIBBEAN-

360.0021.23

302.39112

P127723

Sao Paulo State Sustainable
Transport Project2013

BrazilLATIN
AMERICA ANDCARIBBEAN-

265.09(0.01)

265.09113

P129342

Piaui: Pillars of Growth andSocial Inclusion Project

2016

BrazilLATIN
AMERICA ANDCARIBBEAN-

116.14

6.91

116.14114

P130682

BR Espirito Santo Integrated
Sustainable Water
Management Project2014

BrazilLATIN
AMERICA ANDCARIBBEAN-

172.40

26.40

73.63

115

P147157

BRAZIL BAHIA SUSTAINABLE
RURAL DEVELOPMENT PROJECT

2014

BrazilLATIN
AMERICA ANDCARIBBEAN-

150.0026.15

150.00116

P147158=VLOOKUP($D293,’P5.6 SR
Active’!$A:$CM,2,FALSE)

2018

BrazilLATIN
AMERICA ANDCARIBBEAN

-

50.00

4.16

7.45

117

P147272BAHIA ROAD REHABILITATION
AND MAINTENANCE
PROJECT - 2ND PHASE

2016

BrazilLATIN
AMERICA ANDCARIBBEAN-

200.0054.53

189.27118

P153012

Fortaleza Sustainable Urban
Development Project

2017

BrazilLATIN
AMERICA ANDCARIBBEAN

-

73.30

3.60

11.08

119

P162033

Salvador Social Multi-Sector
Service Delivery Project

2018

BrazilLATIN
AMERICA ANDCARIBBEAN-

125.001.32

104.33120

P163868

Support to Upper Secondary
Reform in Brazil Operation2018

BrazilLATIN
AMERICA ANDCARIBBEAN-

250.0065.00

131.13121

P165055

Ceará Water Security
and Governance2020

BrazilLATIN
AMERICA ANDCARIBBEAN-

139.88

17.03

18.92

122

P165683

Paraiba Improving Water
Resources Management
and Services Provision

2019

BrazilLATIN
AMERICA ANDCARIBBEAN-

126.892.01

4.22

ImpactResources

Project Name

IBRD Net
Commitments
during theyear ended
June 30, 2022

External Review

81Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Country

RegionP165695

SABESP - IMPROVING WATERSERVICE ACCESS AND SECURITY
IN THE METROPOLITAN REGION
OF SÃO PAULO PROJECT

2019

BrazilLATIN
AMERICA ANDCARIBBEAN-

250.00

0.57

1.20

124

P167455

Ceara Rural Sustainable
Development andCompetitiveness Phase II

2020

BrazilLATIN
AMERICA ANDCARIBBEAN-

100.00

9.10

16.35

125

P170850

Energy and Mineral Sectors
Strengthening Project II

2020

BrazilLATIN
AMERICA ANDCARIBBEAN

-

38.00

0.12

0.12

126

P172455First Amazonas Fiscal andEnvironmental Sustainability
Programmatic DPF

2021

BrazilLATIN
AMERICA ANDCARIBBEAN-

200.00200.00200.00127

P172605

Salvador Social Multi-Sector
Service Delivery Project II

2021

BrazilLATIN
AMERICA ANDCARIBBEAN-

125.00

25.31

25.31

128

P174197

Brazil: Income Support for the
Poor affected by COVID-19

2021

BrazilLATIN
AMERICA ANDCARIBBEAN-

1,000.00

997.501,000.00

129

P170236

Renewable Energy and Improved
Utility Performance Project

2022

Cabo Verde

WESTERN
AND CENTRALAFRICA

3.50

3.50

0.01

0.01

130

P167795

Douala Urban Mobility Project

2022

Cameroon

WESTERN
AND CENTRALAFRICA202.30202.30--131

P150999

Cameroon Transport Sector
Development Project

2017

Cameroon

WESTERN
AND CENTRALAFRICA-

192.00

20.35

76.72

132

P152755

Electricity Transmission
and Reform Project

2017

Cameroon

WESTERN
AND CENTRALAFRICA-

325.00

60.64

91.78

133

P163437

Strengthening of State
Universities in Chile

2018

Chile

LATIN
AMERICA ANDCARIBBEAN

-

50.13

9.90

40.03

134

P171644

Yangtze River Protection and
Ecological Restoration Program

2022

China

EAST ASIA
AND PACIFIC

400.00400.00--135

P172806

Yellow River Basin EcologicalProtection and Environmental
Pollution Control Program

2022

China

EAST ASIA
AND PACIFIC

380.00380.00--136

P177590

Green Agricultural and Rural
Revitalization Programfor Results - Phase I

2022

China

EAST ASIA
AND PACIFIC

320.00320.00--137

P101525

CN Yunnan Honghe Prefecture
Diannan Center Urban Transport

2014

China

EAST ASIA
AND PACIFIC-

150.0047.88

150.00138

P126210Chongqing Urban Rural
Integration Project II-Health

2012

China

EAST ASIA
AND PACIFIC

-

86.91

(1.68)

86.91

139

P126813Ma’anshan Cihu River Basin
Improvement Project

2013

China

EAST ASIA
AND PACIFIC

-

98.46

(1.11)

98.46

140

P127775

China Guangdong Agricultural
Pollution Control

2014

China

EAST ASIA
AND PACIFIC

-

77.45

(0.90)

77.45

141

P127867

China: Qinghai Xining Urban
Transport Project

2014

China

EAST ASIA
AND PACIFIC-

115.55

7.79

115.55142

P129791

Fujian Fishing Ports Project

2014

China

EAST ASIA
AND PACIFIC

-

39.00

6.85

17.00

143

P132562

CN-Hubei Xiaogan Logistics
Infrastructure

2016

China

EAST ASIA
AND PACIFIC

-

65.00

16.84

40.39

144

P132621

Yunnan Highway AssetManagement Project

2015

China

EAST ASIA
AND PACIFIC-

150.0033.08

142.18145

P132775

China: Gansu Rural-Urban
Integration Project

2015

China

EAST ASIA
AND PACIFIC-

150.0017.13

150.00

Project ID

Project Name

123

Foreword

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FY#

Introduction

IBRD Net
Commitments
during theyear ended
June 30, 2022

82

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Project ID

Project Name

146

P132873

Hebei Rural Renewable Energy
Development Project

147

P133000

148

Issuance
Programs

ImpactRegion

2015

China

EAST ASIA
AND PACIFIC

-

69.20

14.75

69.20

Huainan Mining Area
Rehabilitation Project

2015

China

EAST ASIA
AND PACIFIC

-

63.00

8.13

53.31

P133017

Guilin Integrated Environment
Management

2015

China

EAST ASIA
AND PACIFIC

-

76.82

3.02

76.82

149

P133018

Zhejiang Rural Water Supply
and Sanitation Project

2015

China

EAST ASIA
AND PACIFIC-

198.88(1.12)

198.88150P133117

Chongqing Small Towns Water
Environment Management Project

2015

China

EAST ASIA
AND PACIFIC

-

88.00

24.30

81.52

151

P133326

Poverty Alleviation andAgriculture-based Industry
Pilot and Demonstrationin Poor Areas Project

2015

China

EAST ASIA
AND PACIFIC-

150.0023.50

150.00152

P133456

Sichuan Chongqing Cooperation:
Guang’an Demonstration
Area Infrastructure
Development Project

2015

China

EAST ASIA
AND PACIFIC-

100.00

28.85

82.32

153

P133531

Shanxi Gas Utilization

2014

China

EAST ASIA
AND PACIFIC

-

97.95

(2.05)

97.95

154

P144270

China Economic Transformation
and Institutional Capacity Building

2014

China

EAST ASIA
AND PACIFIC

-

26.00

4.52

21.22

155

P147009

Jiangxi Farm Produce Distribution
System Development

2018

China

EAST ASIA
AND PACIFIC-

150.00

28.80

58.92

156

P147381Zhuzhou Brownfield
Remediation Project

2016

China

EAST ASIA
AND PACIFIC

-

73.00

15.42

50.38

157

P148071

Guizhou Tongren Rural
Transport Project

2016

China

EAST ASIA
AND PACIFIC-

149.87(0.13)

149.87158

P148129

China: Tianjin Urban Transport
Improvement Project

2016

China

EAST ASIA
AND PACIFIC-

100.00

37.63

72.50

159

P148294

Wuhan Integrated
Transport Development

2016

China

EAST ASIA
AND PACIFIC-

120.00

16.21

67.94

160

P148523

Hubei Jingzhou Historic Town
Conservation Project

2016

China

EAST ASIA
AND PACIFIC-

100.00

16.39

60.46

161

P148527

Urumqi Urban Transport Project II

2016

China

EAST ASIA
AND PACIFIC

-

71.56

2.40

71.56

162

P148599

Hebei Clean Heating Project

2016

China

EAST ASIA
AND PACIFIC

-

94.59

(2.09)

94.59

163

P149485

Ningbo Sustainable
Urbanization Project

2017

China

EAST ASIA
AND PACIFIC-

150.00

31.75

92.86

164

P149528

CH-Second Gansu Cultural andNatural Heritage Protection
and Development Project

2017

China

EAST ASIA
AND PACIFIC-

100.00

8.27

53.26

165

P152860

Yunnan Early Childhood Education
Innovation Project (YECEIP)

2017

China

EAST ASIA
AND PACIFIC

-

49.78

6.27

49.78

166

P153115

Hunan Integrated Management ofAgricultural Land Pollution Project

2018

China

EAST ASIA
AND PACIFIC-

100.00

25.48

58.54

167

P153173

Anhui Road Maintenance
Innovation and
Demonstration Project

2017

China

EAST ASIA
AND PACIFIC-

150.00

15.22

65.00

168

P153473

Three Gorges Modern Logistics
Center Infrastructure Project

2017

China

EAST ASIA
AND PACIFIC-

200.00

9.02

50.56

169

P153541

Shaanxi Poor Rural Areas
Community Development Project

2017

China

EAST ASIA
AND PACIFIC-

100.00

27.49

83.28

170

P153548

Lushan Earthquake
Reconstruction and Risk
Reduction Project

2017

China

EAST ASIA
AND PACIFIC-

300.0022.89

203.67171

P153604

Poyang Lake Basin Town Water
Environment Management Project

2017

China

EAST ASIA
AND PACIFIC-

150.00

43.87

82.28

Resources

External Review

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Introduction

Sustainable
Development
Goals

ApprovalFY

IBRD Net
Commitments
during theyear ended
June 30, 2022

83

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THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Project ID

Project Name

172

P153892

Guangxi Rural Poverty
Alleviation Pilot Project

173

P154621174

ApprovalFY

IBRD Net
Commitments
during theyear ended
June 30, 2022

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region

2017

China

EAST ASIA
AND PACIFIC-

100.00

29.55

52.83

China: Guangdong Compulsory
Education Project

2018

China

EAST ASIA
AND PACIFIC-

120.00

29.13

86.22

P154623

China: Gansu Technicaland Vocational Education
and Training Project

2017

China

EAST ASIA
AND PACIFIC-

120.00

7.77

81.56

175

P154694

Building a Modern Fiscal
System Technical Assistance

2016

China

EAST ASIA
AND PACIFIC

-

16.50

3.60

11.88

176

P154716

Anhui Aged Care System
Demonstration Project

2018

China

EAST ASIA
AND PACIFIC-

118.00

18.24

29.32

177

P154984

China Health Reform Program

2017

China

EAST ASIA
AND PACIFIC-

600.00219.95599.25178

P158079

China: Jiangxi Ecoindustrial Parks Project

2020

China

EAST ASIA
AND PACIFIC-

200.00

1.00

1.00

179

P158124

Green Urban Financing
and Innovation Project

2019

China

EAST ASIA
AND PACIFIC-

200.00

10.66

36.00

180

P158215

Gansu Revitalization andInnovation Project

2019

China

EAST ASIA
AND PACIFIC-

180.00

15.71

23.51

181

P158622

Hezhou Urban Water
Infrastructure and Environment
Improvement Project

2018

China

EAST ASIA
AND PACIFIC-

150.00

3.09

21.00

182

P158713China: Liaoning Safeand Sustainable Urban
Water Supply Project

2018

China

EAST ASIA
AND PACIFIC-

250.00

46.42

97.02

183

P158717

China: Hubei Inland Waterway
Improvement Project

2018

China

EAST ASIA
AND PACIFIC-

150.00

14.78

83.20

184

P158733

Anhui Rural Road Resilience
Program for Results

2019

China

EAST ASIA
AND PACIFIC-

200.0060.00

160.00185

P158760

Jiangxi Integrated Rural and
Urban Water Supply andWastewater Management Project

2018

China

EAST ASIA
AND PACIFIC-

200.0044.21

101.48186

P159870

Zhejiang Qiandao Lake andXin’an River Basin Water
Resources and Ecological
Environment Protection Project

2018

China

EAST ASIA
AND PACIFIC-

150.00

30.61

67.29

187

P162349

Guizhou Aged Care System
Development Program

2019

China

EAST ASIA
AND PACIFIC-

350.0098.79

107.28188

P162623

Shaanxi Sustainable Towns
Development Project

2019

China

EAST ASIA
AND PACIFIC-

100.00

11.41

19.82

189

P163138

Guangxi Poverty Reduction
Program for Results

2018

China

EAST ASIA
AND PACIFIC-

400.0048.99

400.00190

P163679

China Renewable Energy andBattery Storage Promotion Project

2019

China

EAST ASIA
AND PACIFIC-

300.00

20.87

56.74

191

P164047

Forest Ecosystem Improvementin the Upper Reaches of
Yangtze River Basin Program

2020

China

EAST ASIA
AND PACIFIC-

150.00

43.00

74.86

192

P169758

Henan Green Agriculture
Fund Project

2020

China

EAST ASIA
AND PACIFIC-

300.00

58.51

58.51

193

P172325

Hunan Subnational Governanceand Rural Public Service
Delivery Program for Results

2021

China

EAST ASIA
AND PACIFIC-

200.00

47.15

47.15

194

P175801

Competitiveness and Recovery- Development Policy Loan

2022

Colombia

LATIN
AMERICA ANDCARIBBEAN

500.00500.00500.00500.00195

P176650

Third Disaster Risk
Management Development
Policy Loan with a Cat DDO

2022

Colombia

LATIN
AMERICA ANDCARIBBEAN

300.00300.00--84

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

IBRD Net
Commitments
during theyear ended
June 30, 2022

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FYCountry

RegionColombia: Social and Economic
Integration of Migrants DPF

2022

Colombia

LATIN
AMERICA ANDCARIBBEAN

500.00500.00500.00500.00P176006

Program for improving learning
outcomes and socioemotional
education (PROMISE)

2022

Colombia

LATIN
AMERICA ANDCARIBBEAN

80.00

80.00

-

-

198

P176788

Equitable and Green Recovery DPF

2022

Colombia

LATIN
AMERICA ANDCARIBBEAN

750.00750.00750.00750.00199

P111479

CO Rio Bogota Environmental
Recuperation and FloodControl Project

2011

Colombia

LATIN
AMERICA ANDCARIBBEAN-

235.53(5.50)

235.53200

P117947

Support to the National Urban
Transit Program Project

2012

Colombia

LATIN
AMERICA ANDCARIBBEAN-

159.00(0.41)

159.00201

P123879

Subnational Institutional
Strengthening

2014

Colombia

LATIN
AMERICA ANDCARIBBEAN

-

70.00

7.68

45.04

202

P156239

CO Plan PAZcifico:Water
Supply and Basic Sanitation
Infrastructure and Service
Delivery Project2017

Colombia

LATIN
AMERICA ANDCARIBBEAN-

126.70

7.70

23.81

203

P156880

Enhancing Waterway Connectivity
and Water Service Provisionin Colombia’s Plan Pazcifico

2018

Colombia

LATIN
AMERICA ANDCARIBBEAN

-

41.90

1.68

3.54

204

P160446

Access and Quality in Higher
Education Project - PACES

2017

Colombia

LATIN
AMERICA ANDCARIBBEAN-

320.0014.33

163.25205

P162594

Multipurpose Cadaster Project

2019

Colombia

LATIN
AMERICA ANDCARIBBEAN-

100.00

13.25

19.82

206

P169866

Improving Quality of Health Care
Services and Efficiency in Colombia

2020

Colombia

LATIN
AMERICA ANDCARIBBEAN-

150.0021.92

101.11

207

P172535

Colombia: Resilient andInclusive Housing Project2021

Colombia

LATIN
AMERICA ANDCARIBBEAN-

100.00

4.18

4.18

208

P175592

Congo Digital Acceleration Project2022

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

100.00100.00--209

P106975

Rep. of Congo - Water, Electricity& Urban Development SIL (LEN)2010

Congo,
Republic of

WESTERN
AND CENTRALAFRICA-

35.00(0.18)

34.81

210

P133731

CG-Statistics Capacity
Building Project2014

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

-

25.00

3.99

20.36

211

P146933

Urban Development and Poor
Neighborhood Upgrading Project2016

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

-

80.00

25.22

68.25

212

P161590

Support to Enterprise
Development andCompetitiveness Project

2018

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

-

25.00

6.20

15.42

213

P178320

Costa Rica COVID-19
Vaccines Project2022

Costa Rica

LATIN
AMERICA ANDCARIBBEAN

120.00120.00--214

P123146

Costa Rica Higher Education
Improvement Project2013

Costa Rica

LATIN
AMERICA ANDCARIBBEAN-

193.53(0.68)

193.53215

P168475

Costa Rica Sustainable Fisheries
Development Project2020

Costa Rica

LATIN
AMERICA ANDCARIBBEAN

-

75.10

0.19

0.19

#

Project ID

Project Name

196

P176505

197

85

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactIBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FYCountry

RegionCosta Rica Fiscal Management
Improvement Project2020

Costa Rica

LATIN
AMERICA ANDCARIBBEAN-

156.64

2.11

5.35

P158810

Cashew Value Chain
Competitiveness Project

2018

Cote d’Ivoire

WESTERN
AND CENTRALAFRICA-

200.0015.91

109.25218

P170178

Croatia: Towards Sustainable,
Equitable and Efficient
Education Project2022

Croatia

EUROPE AND
CENTRAL ASIA

28.90

28.90

0.57

0.57

219

P122219

Integrated Land Administration
System Project

2012

Croatia

EUROPE AND
CENTRAL ASIA

-

47.87

6.64

37.06

220

P147499

Sustainable Croatian
Railways in Europe

2015

Croatia

EUROPE AND
CENTRAL ASIA-

183.3512.76

174.99221

P155842

Modernization and Restructuringof the Road Sector

2017

Croatia

EUROPE AND
CENTRAL ASIA

-

23.33

0.36

19.03

222

P167247

Justice for Business Project

2020

Croatia

EUROPE AND
CENTRAL ASIA-

110.30

11.13

12.89

223

P172024

Helping Enterprises AccessLiquidity in the Republic of Croatia

2021

Croatia

EUROPE AND
CENTRAL ASIA-

242.10

21.08

21.08

224

P173998

Earthquake Recovery and Public
Health Preparedness Project

2020

Croatia

EUROPE AND
CENTRAL ASIA-

200.00

2.31

2.31

225

P175874

Electricity Reform for Sustainable
Growth Development Policy Loan

2022

Dominican
Republic

LATIN
AMERICA ANDCARIBBEAN

400.00400.00--226

P176581

Support to the National
Housing Program Project2022

Dominican
Republic

LATIN
AMERICA ANDCARIBBEAN

100.00100.00--227

P146831

Support to the National
Education Pact Project

2016

Dominican
Republic

LATIN
AMERICA ANDCARIBBEAN

-

50.00

3.00

39.13

228

P147213

INTEGRATED SOCIALPROTECTION AND
PROMOTION PROJECT

2015

Dominican
Republic

LATIN
AMERICA ANDCARIBBEAN

-

75.00

12.49

73.17

229

P147277

Distribution Grid Modernizationand Loss Reduction Project

2016

Dominican
Republic

LATIN
AMERICA ANDCARIBBEAN-

120.00

10.21

96.05

230

P163260

DR Resilient Agriculture
and Integrated Water
Resources Management

2019

Dominican
Republic

LATIN
AMERICA ANDCARIBBEAN

-

80.00

0.20

0.20

231

P171778

Water Supply and Wastewater
Services Improvement Project

2021

Dominican
Republic

LATIN
AMERICA ANDCARIBBEAN

-

43.50

0.81

0.81

232

P176983

Ecuador Green and Resilient
Recovery (EGARR) DPF

2022

EcuadorLATIN
AMERICA ANDCARIBBEAN

700.00700.00700.00700.00233

P173773

Ecuador COVID-19 Emergency
Response and Vaccination Project

2020

EcuadorLATIN
AMERICA ANDCARIBBEAN

100.00270.0098.40

163.94234

P178564

Strengthening the National
Statistical System in
Ecuador Project2022

EcuadorLATIN
AMERICA ANDCARIBBEAN

80.00

80.00

-

-

235

P167416

Social Safety Net Project

2019

EcuadorLATIN
AMERICA ANDCARIBBEAN

200.00550.00113.47289.88236

P143996

EC Manta Public Services
Improvement Project

2014

EcuadorLATIN
AMERICA ANDCARIBBEAN-

100.00(0.00)

100.00237

P144489

Quito Metro Line One

2014

EcuadorLATIN
AMERICA ANDCARIBBEAN-

435.001.44427.52#

Project ID

Project Name

216

P172352

217

Resources

External Review

IBRD Net
Commitments
during theyear ended
June 30, 2022

86

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THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Foreword

Introduction

Sustainable
Development
Goals

Country

RegionEC Ibarra Transport Infrastructure
Improvement Project

2016

EcuadorLATIN
AMERICA ANDCARIBBEAN

-

52.50

0.45

27.96

P151439

EC Guayaquil Wastewater
Management Project

2015

EcuadorLATIN
AMERICA ANDCARIBBEAN-

336.1024.81

128.14240

P151963

Ecuador - Sustainable Family
Farming Modernization Project

2016

EcuadorLATIN
AMERICA ANDCARIBBEAN

-

65.00

3.66

27.98

241

P152096

Supporting Education Reformin Targeted Circuits

2016

EcuadorLATIN
AMERICA ANDCARIBBEAN-

125.30

22.70

70.99

242

P157324

Ecuador Risk Mitigation andEmergency Recovery Project

2016

EcuadorLATIN
AMERICA ANDCARIBBEAN

-

52.83

(0.24)

52.83

243

P157425

Transformation of the Tertiary
Technical and Technological
Institutes Project

2017

EcuadorLATIN
AMERICA ANDCARIBBEAN

-

52.10

5.28

30.22

244

P173283

Territorial Economic
Empowerment for the
Indigenous, Afro-Ecuadorians
and Montubian Peoples andNationalities (TEEIPAM)

2021

EcuadorLATIN
AMERICA ANDCARIBBEAN

-

40.00

0.09

0.09

245

P171311

Egypt Inclusive Growth For
Sustainable Recovery

2022

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

360.00360.00360.00360.00246

P178926

Emergency Food Security and
Resilience Support Project2022

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

500.00500.00--247

P101103

Egypt National Railways
Restructuring Project

2009

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

483.85(30.00)483.85248

P145699

Strengthening Social
Safety Net Project

2015

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

900.0019.94

811.25249

P146007

EG: Household Natural Gas
Connection Project

2015

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

300.0032.10

291.09250

P150993

Inclusive Housing Finance Program

2015

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

1,000.00

36.57

543.88251

P154112

Sustainable Rural Sanitation
Services Program for Results

2016

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

850.00159.28720.49252

P157395

Upper Egypt Local
Development PforR

2017

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

500.0040.00

466.88253

P157809

Supporting Egypt Education
Reform Project

2018

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

500.0042.00

273.60254

P162835

Catalyzing Entrepreneurshipfor Job Creation

2019

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

200.0045.65

155.25255

P167000

Transforming Egypt’s
Healthcare System Project

2018

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

530.0010.43

317.22

256

P172426

Supporting Egypt’s Universal
Health Insurance System

2020

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

400.00100.28100.28257

P172548

Greater Cairo Air Pollution
Management and Climate
Change Project

2021

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

200.00

15.07

15.57

Project ID

Project Name

238

P147280

239

Resources

External Review

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FY#

Issuance
Programs

ImpactIBRD Net
Commitments
during theyear ended
June 30, 2022

87

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Project ID

Country

Region

-

50.00

17.14

42.93

258

P173912Egypt COVID-19
Emergency Response

2020

Egypt, Arab
Republic of

259

P175137

Railway Improvement and
Safety for Egypt Project

2021

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA-

440.00

65.94

65.94

260

P173872

El Salvador COVID-19
Emergency Response Project

2020

El Salvador

LATIN
AMERICA ANDCARIBBEAN

100.00170.00

36.74

36.79

261

P169125

El Salvador Local Economic
Resilience Project2019

El Salvador

LATIN
AMERICA ANDCARIBBEAN-

200.00

9.97

9.97

262

P169677

Growing up Healthy Together:
Comprehensive Early Childhood
Development in El Salvador

2020

El Salvador

LATIN
AMERICA ANDCARIBBEAN-

250.00

1.13

1.13

263

P171316Growing Up and Learning Together:
Comprehensive Early Childhood
Development in El Salvador

2020

El Salvador

LATIN
AMERICA ANDCARIBBEAN-

250.00

2.16

2.16

264

P173151

Strengthening Early Childhood
Development and Basic
Education Systems to Support
Human Capital Developmentin Eswatini Project2022

Eswatini

EASTERN AND
SOUTHERNAFRICA

27.35

27.35

-

-

265

P175317

Eswatini Economic Recovery
Development Policy Loan II

2022

Eswatini

EASTERN AND
SOUTHERNAFRICA

75.00

75.00

75.00

75.00

266

P166170

Network Reinforcement
and Access Project

2019

Eswatini

EASTERN AND
SOUTHERNAFRICA

-

40.00

5.65

11.03

267

P168564

Health System Strengtheningfor Human Capital
Development in Eswatini

2020

Eswatini

EASTERN AND
SOUTHERNAFRICA

-

20.00

2.71

4.16

268

P173883

Eswatini COVID-19 Emergency
Response Project

2020

Eswatini

EASTERN AND
SOUTHERNAFRICA

-

11.00

3.44

8.00

269

P175543

Fiji Recovery and Resilience
Second Development
Policy Operation

2022

Fiji

EAST ASIA
AND PACIFIC

50.00

50.00

-

-

270

P150028

Fiji Transport Infrastructure
Investment Project

2015

Fiji

EAST ASIA
AND PACIFIC

-

50.00

11.53

20.35

271

P159297

P4: Pacific Regional Connectivity
Program: Phase 3B, FJ
Connectivity Project

2017

Fiji

EAST ASIA
AND PACIFIC

-

5.61

1.29

5.61

272

P175987

Digital Gabon Project

2022

Gabon

WESTERN
AND CENTRALAFRICA

68.50

68.50

-

-

273

P173927GABON COVID-19 Strategic
Preparedness and Response
Project (SPRP)

2020

Gabon

WESTERN
AND CENTRALAFRICA

12.00

21.00

0.81

9.34

274

P132824

eGabon

2016

Gabon

WESTERN
AND CENTRALAFRICA

-

56.00

9.12

30.03

275

P144135

Access to Basic Services in
Rural Areas and Capacity
Building Project

2016

Gabon

WESTERN
AND CENTRALAFRICA

-

60.00

13.09

35.99

276

P146152

Gabon - Skills Development
and Employability Project

2016

Gabon

WESTERN
AND CENTRALAFRICA

-

63.12

20.80

57.62

277

P157473

Gabon Statistical
Development Project

2017

Gabon

WESTERN
AND CENTRALAFRICA

-

50.00

8.99

38.80

Resources

External Review

ApprovalFY

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

MIDDLE EAST
AND NORTH
AFRICA

Issuance
Programs

ImpactProject Name

IBRD Net
Commitments
during theyear ended
June 30, 2022

88

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactProject ID

Project Name

278

P173782

Kakheti Connectivity
Improvement Project

279

P175455280

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region2022

Georgia

EUROPE AND
CENTRAL ASIA

109.00109.00--Georgia Human Capital Program

2022

Georgia

EUROPE AND
CENTRAL ASIA

400.00400.000.94

0.94

P133828

Irrigation and Land Market
Development Project2014

Georgia

EUROPE AND
CENTRAL ASIA

-

20.40

4.01

6.92

281

P147348

Transmission Grid
Strengthening Project2014

Georgia

EUROPE AND
CENTRAL ASIA

-

60.00

7.02

59.50

282

P147521

Second Regional andMunicipal Infrastructure
Development Project2015

Georgia

EUROPE AND
CENTRAL ASIA

-

70.60

10.15

36.93

283

P148048

Third Secondary and
Local Roads Project2015

Georgia

EUROPE AND
CENTRAL ASIA

-

75.00

1.14

70.83

284

P149952

East-West Highway
Corridor Improvement

2016

Georgia

EUROPE AND
CENTRAL ASIA-

160.00

24.38

90.78

285

P149953

Secondary Road AssetManagement Project2016

Georgia

EUROPE AND
CENTRAL ASIA

-

40.00

2.00

31.54

286

P150696

Third Regional
Development Project2016

Georgia

EUROPE AND
CENTRAL ASIA

-

60.00

5.09

33.27

287

P152441

Georgia National Innovation
Ecosystem (GENIE) Project2016

Georgia

EUROPE AND
CENTRAL ASIA

-

23.50

3.50

23.01

288

P168481

Georgia I2Q - Innovation,
Inclusion and Quality

2019

Georgia

EUROPE AND
CENTRAL ASIA-

102.70

4.77

9.53

289

P169117

Energy Supply Reliability
and Financial Recovery

2019

Georgia

EUROPE AND
CENTRAL ASIA

-

70.70

4.25

12.52

290

P169698

Log-In Georgia

2021

Georgia

EUROPE AND
CENTRAL ASIA

-

40.00

1.13

1.66

291

P173911

Georgia Emergency COVID-19
Response Project2020

Georgia

EUROPE AND
CENTRAL ASIA-

114.5032.82

104.39292

P173975

Georgia Relief and Recovery
for Micro, Small, andMedium Enterprises

2021

Georgia

EUROPE AND
CENTRAL ASIA-

102.90

0.63

0.63

293

P158958

OECS Regional Agriculture
Competitiveness Project

2017

GrenadaLATIN
AMERICA ANDCARIBBEAN

-

1.80

0.47

1.19

294

P159213Crecer Sano: Guatemala
Nutrition and Health Project

2017

GuatemalaLATIN
AMERICA ANDCARIBBEAN-

100.00

9.80

12.83

295

P173589

Meghalaya Health Systems
Strengthening Project

2022

India

SOUTH ASIA

40.00

40.00

1.14

1.14

296

P175221

Chennai City Partnership:
Sustainable Urban
Services Program

2022

India

SOUTH ASIA

150.00150.00

0.38

0.38

297

P130544

IN Karnataka Urban Water
Supply Modernization Project

2016

India

SOUTH ASIA

150.00250.00

17.41

30.19

298

P172187

Rejuvenating Watersheds for
Agricultural Resilience throughInnovative Development

2022

India

SOUTH ASIA

115.00115.00

13.50

13.50

299

P170590West Bengal Electricity
Distribution Grid
Modernization Project

2022

India

SOUTH ASIA

135.00135.00

6.24

6.24

300

P174732

Shimla-Himachal Pradesh Water
Supply and Sewerage Services
Improvement Program (PforR)

2022

India

SOUTH ASIA

160.00160.00

0.40

0.40

301

P174564

West Bengal Building State
Capability for Inclusive Social
Protection Operation

2022

India

SOUTH ASIA

125.00125.00

0.31

0.31

302

P174067

Public Service Capability
Enhancement Project

2022

India

SOUTH ASIA

47.00

47.00

-

-

Resources

External Review

ApprovalFY

IBRD Net
Commitments
during theyear ended
June 30, 2022

89

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Approval
FYCountry

RegionIBRD Net
Commitments
during theyear ended
June 30, 2022

P173704

Gujarat Outcomes for
Accelerated Learning (GOAL)

2021

India

SOUTH ASIA

250.00750.00

25.25

25.25

304

P174798

Fisheries Sector COVID-19
Recovery Project

2022

India

SOUTH ASIA

150.00150.00--305

P175676

PHSPP: Transforming India’s
Public Health Systems for
Pandemic Preparedness Program

2022

India

SOUTH ASIA

500.00500.00--306

P176404

RIGHTS: Inclusion, Accessibility
and Opportunities for Persons
with Disabilities in Tamil Nadu

2022

India

SOUTH ASIA

162.00162.00--307

P177668

India State Support Programfor Road Safety

2022

India

SOUTH ASIA

250.00250.00--308

P177985

Catalyzing Private Financing for
Sustainable Recovery and Growth

2022

India

SOUTH ASIA

667.00667.00--309

P178146

India’s Enhanced HealthService Delivery Program

2022

India

SOUTH ASIA

500.00500.00--310

P178329

Second Tamil Nadu Housing
Sector Strengthening Program
Development Policy Loan

2022

India

SOUTH ASIA

190.00190.00--311

P177856

Rail Logistics Project

2022

India

SOUTH ASIA

245.00245.00--312

P155007

Grid-Connected Rooftop
Solar Program

2016

India

SOUTH ASIA

150.00650.0061.51

500.00313

P089985

IN Dam Rehabilitation and
Improvement Project

2010

India

SOUTH ASIA-

168.23

4.57

168.23314

P096124

Vishnugad Pipalkoti Hydro
Electric Project

2011

India

SOUTH ASIA-

448.0020.83

172.68315

P104164

National Rural Livelihoods Project

2012

India

SOUTH ASIA-

222.5052.30

100.74316

P119085

IN National Ganga River
Basin Project

2011

India

SOUTH ASIA-

334.8340.57

334.83317

P121731

India: ICDS Systems
Strengthening & Nutrition
Improvement Program (ISSNIP)

2013

India

SOUTH ASIA-

200.0039.62

152.21

318

P127974

North Eastern Region Power
System Improvement Project

2016

India

SOUTH ASIA-

470.0089.40

388.61

319

P130339

India Second Kerala State
Transport Project

2013

India

SOUTH ASIA-

196.0016.77

196.00320

P146653

Uttarakhand Disaster
Recovery Project

2014

India

SOUTH ASIA

-

96.00

31.07

67.75

321

P146936

Uttar Pradesh Pro-Poor
Tourism Development Project

2018

India

SOUTH ASIA

-

35.42

2.79

12.73

322

P147864

Uttar Pradesh Core Road
Network Development Project

2019

India

SOUTH ASIA-

330.0027.44

121.58323

P148775

Capacity Augmentation of
the National Waterway- 1(JAL MARG VIKAS) Project

2017

India

SOUTH ASIA-

317.22

12.44

126.23324

P150158

Eastern DedicatedFreight Corridor-3

2015

India

SOUTH ASIA-

560.00231.39522.22325

P150308

Assam Citizen-Centric
Service Delivery Project

2017

India

SOUTH ASIA

-

32.08

10.80

19.25

326

P150395

Tamil Nadu Sustainable Urban
Development Program

2015

India

SOUTH ASIA-

400.0035.12

308.06327

P150520

Punjab Rural Water and Sanitation
Sector Improvement Project

2015

India

SOUTH ASIA-

198.0020.15

171.72328

P151072

National Agricultural Higher
Education Project

2018

India

SOUTH ASIA

-

82.50

15.03

56.56

329

P152698

National Hydrology Project

2017

India

SOUTH ASIA-

160.00

23.70

62.22

P154283

Shared Infrastructure for
Solar Parks Project

2017

India

SOUTH ASIA

-

75.00

4.54

15.59

#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactProject ID

Project Name

303

Resources

External Review

330

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

90

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Approval
FYCountry

RegionIBRD Net
Commitments
during theyear ended
June 30, 2022

P154525

Uttarakhand Workforce
Development Project

2018

India

SOUTH ASIA

-

67.20

4.48

26.76

P155038

Andhra Pradesh 24X7 Power for All

2017

India

SOUTH ASIA-

225.9613.32

124.81

333

P155303

Madhya Pradesh Urban
Development Project

2017

India

SOUTH ASIA-

107.10

17.18

43.93

334

P155617

Assam Agribusiness and Rural
Transformation Project

2018

India

SOUTH ASIA-

200.00

40.37

72.98

335

P156241

Innovate in India for Inclusiveness

2017

India

SOUTH ASIA-

125.00

1.60

41.51

336

P156687

Himachal Pradesh Public
Financial Management
Capacity Building Program

2017

India

SOUTH ASIA

-

36.00

7.50

30.79

337

P156869

Strengthening Public Financial
Management in Rajasthan

2018

India

SOUTH ASIA

-

21.70

5.75

11.22

338

P157054

Madhya Pradesh Rural
Connectivity project

2018

India

SOUTH ASIA-

210.0014.49

154.79339

P157141

Rajasthan State Highways
Development Program II

2019

India

SOUTH ASIA-

250.00

11.85

56.17

340

P157198

Assam State Public FinanceInstitutional Reforms(ASPIRe) Project

2017

India

SOUTH ASIA

-

31.50

11.23

20.78

341

P157702

Tamil Nadu Rural Transformation
Project (TNRTP)

2018

India

SOUTH ASIA

-

86.62

6.66

41.27

342

P157836

Meghalaya Community-led
Landscapes Management Project

2018

India

SOUTH ASIA

-

43.00

9.53

23.60

343

P157929

Assam Inland Water
Transport Project

2020

India

SOUTH ASIA

-

85.00

4.88

9.04

344

P158119

Atal Bhujal Yojana (Abhy)National Groundwater
Management Improvement

2018

India

SOUTH ASIA-

420.00

44.30

56.16

345

P158146

Uttarakhand Water Supply
Program for Peri Urban Areas

2018

India

SOUTH ASIA-

120.00

11.09

43.56

346

P158435

Skill India Mission Operation

2017

India

SOUTH ASIA-

250.0034.60

198.77347

P158502

Jharkhand Municipal
Development Project

2019

India

SOUTH ASIA-

122.00

10.56

14.38

348

P158522

Tamil Nadu Irrigated Agriculture
Modernization Project

2018

India

SOUTH ASIA-

318.0025.47

158.65

349

P158798

Jharkhand Opportunities forHarnessing Rural Growth Project

2017

India

SOUTH ASIA

-

89.00

17.61

60.47

350

P159427

West Bengal Institutional
Strengthening of Gram
Panchayats Program II

2017

India

SOUTH ASIA-

210.008.20

178.49351

P160331

Odisha Higher Education Programfor Excellence and Equity

2018

India

SOUTH ASIA

-

72.70

8.25

62.73

352

P160408

Maharashtra Project on
Climate Resilient Agriculture

2018

India

SOUTH ASIA-

420.00101.88211.54353

P162086

Jharkhand Power System
Improvement Project

2019

India

SOUTH ASIA-

280.00

23.66

69.19

354

P162679

West Bengal Major Irrigation
and Flood Management Project

2020

India

SOUTH ASIA-

145.00

16.69

38.04

355

P162849

India Energy Efficiency
Scale-up Program

2018

India

SOUTH ASIA-

220.0027.51

155.08356

P163328

Himachal Pradesh State Roads
Transformation Project

2020

India

SOUTH ASIA

-

82.00

5.11

7.28

357

P163533

Odisha Integrated Irrigation
Project for Climate
Resilient Agriculture

2020

India

SOUTH ASIA-

156.00

6.73

11.28

#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Project ID

Project Name

331
332

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

91

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Approval
FYCountry

RegionIBRD Net
Commitments
during theyear ended
June 30, 2022

P165129

Integrated Project for Source
Sustainability and Climate
Resilient Rain-fed Agriculture
in Himachal Pradesh

2020

India

SOUTH ASIA

-

80.00

8.00

17.29

359

P166020

West Bengal Inland Water
Transport, Logistics andSpatial Development Project

2021

India

SOUTH ASIA-

105.00

6.09

8.35

360

P166373

Tamil Nadu Health System
Reform Program

2019

India

SOUTH ASIA-

287.0088.72

146.46361

P166578

Chhattisgarh Public
Financial Management andAccountability Program

2019

India

SOUTH ASIA

-

25.20

0.36

5.32

362

P166868

Strengthening Teaching-Learning
And Results for States

2020

India

SOUTH ASIA-

500.00

31.00

32.25

363

P166923

Uttarakhand Public
Financial Management
Strengthening Project

2019

India

SOUTH ASIA

-

31.58

5.40

7.73

364

P167523

Program Towards Eliminationof Tuberculosis

2019

India

SOUTH ASIA-

400.00103.96267.17365

P167581

Andhra Pradesh Health Systems
Strengthening Project

2019

India

SOUTH ASIA-

328.0056.96

125.23366

P168097

Meghalaya Integrated
Transport Project

2021

India

SOUTH ASIA-

120.00

13.91

14.85

367

P168310

State of Maharashtra’s
Agribusiness and Rural
Transformation Project

2020

India

SOUTH ASIA-

210.00

1.64

3.24

368

P168590

Tamil Nadu Housing and
Habitat Development Project

2020

India

SOUTH ASIA

-

50.00

3.11

8.77

369

P168633

Kerala Solid Waste
Management Project

2021

India

SOUTH ASIA-

105.00

1.96

1.96

370

P169111

Second National Ganga
River Basin Project

2020

India

SOUTH ASIA-

381.00

24.12

25.08

371

P170645

Chhattisgarh Inclusive
Rural and Accelerated
Agriculture Growth Project

2021

India

SOUTH ASIA-

100.00

0.09

0.34

372

P170811

Punjab Municipal Services
Improvement Project

2021

India

SOUTH ASIA-

105.00

0.26

0.26

373

P170873

Second Dam Rehabilitation
and Improvement Project

2021

India

SOUTH ASIA-

250.00

19.47

19.47

374

P172213

Nagaland: Enhancing Classroom
Teaching and Resources

2021

India

SOUTH ASIA

-

68.00

0.74

1.13

375

P173836

India COVID-19 Emergency
Response and Health Systems
Preparedness Project

2020

India

SOUTH ASIA-

1,000.00

234.51939.89376

P173958

Mizoram Health Systems
Strengthening Project

2021

India

SOUTH ASIA

-

32.00

1.60

1.60

377

P173978

Supporting Andhra’s
Learning Transformation

2021

India

SOUTH ASIA-

250.00

51.63

51.63

378

P174778

The Resilient Kerala Program

2021

India

SOUTH ASIA-

125.00

6.31

6.31

379

P176447

Creating a Coordinated andResponsive Indian Social
Protection System (CCRISP)

2021

India

SOUTH ASIA-

387.50387.50387.50380

P172256

Development of Pumped
Storage Hydropower in Java
Bali System Project2022

Indonesia

EAST ASIA
AND PACIFIC

380.00380.00--381

P172707

National Health Insurance (JKN)
Reforms and Results Program

2022

Indonesia

EAST ASIA
AND PACIFIC

400.00400.00--382

P173487

Agriculture Value Chain
Development Project (ICARE)

2022

Indonesia

EAST ASIA
AND PACIFIC

100.00100.00--#

Project ID

Project Name

358

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

92

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Project ID

Project Name

383

P175742

Indonesia Human Capital
Development Policy Loan

384

P177726385

ApprovalFY

IBRD Net
Commitments
during theyear ended
June 30, 2022

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region2022

Indonesia

EAST ASIA
AND PACIFIC

350.00350.00--Indonesia Fiscal Reform
Development Policy Loan

2022

Indonesia

EAST ASIA
AND PACIFIC

750.00750.00--P169548

Indonesia Mass Transit Project2022

Indonesia

EAST ASIA
AND PACIFIC

224.00224.00--386

P178009

Mangroves for Coastal
Resilience Project2022

Indonesia

EAST ASIA
AND PACIFIC

400.00400.00--387

P085375

Third Water Supply and Sanitation
for Low-Income Communities/ Community Based Water
Supply Project (PAMSIMAS III)2006

Indonesia

EAST ASIA
AND PACIFIC-

393.61

12.04

393.61

388

P090990

Western Indonesia National
Roads Improvement Project

2011

Indonesia

EAST ASIA
AND PACIFIC-

223.78(0.14)

223.78389

P092218

Indonesia Infrastructure
Finance Facility

2009

Indonesia

EAST ASIA
AND PACIFIC-

299.8821.01

236.81

390

P096532

Dam Operational
Improvement and Safety

2009

Indonesia

EAST ASIA
AND PACIFIC-

172.2040.00

133.58391

P112158

Pumped Storage Technical
Assistance Project

2011

Indonesia

EAST ASIA
AND PACIFIC

-

36.09

0.15

36.09

392

P114348

Water Resources and Irrigation
Sector Management Program 2

2011

Indonesia

EAST ASIA
AND PACIFIC-

119.24(0.01)

119.24393

P121842

Research and Innovation in
Science and Technology Project

2013

Indonesia

EAST ASIA
AND PACIFIC

-

69.58

(1.59)

69.58

394

P127813

Coral Reef Rehabilitation andManagement Program -Coral
Triangle Initiative (COREMAP-CTI)

2014

Indonesia

EAST ASIA
AND PACIFIC

-

47.38

3.06

45.52

395

P128832

VILLAGE INNOVATIONPROGRAM (VIP)

2013

Indonesia

EAST ASIA
AND PACIFIC-

634.06(0.63)

633.08396

P154782

Indonesia National Slum
Upgrading Project

2017

Indonesia

EAST ASIA
AND PACIFIC-

216.5033.65

200.20397

P154947

Regional Infrastructure
Development Fund2017

Indonesia

EAST ASIA
AND PACIFIC

-

50.82

9.82

48.16

398

P154948

National Affordable
Housing Program

2017

Indonesia

EAST ASIA
AND PACIFIC-

450.00108.98380.57399

P156125

National Urban Water
Supply Project

2018

Indonesia

EAST ASIA
AND PACIFIC-

100.00

27.00

51.50

400

P157245

Improvement of Solid Waste
Management to Support Regionaland Metropolitan Cities

2020

Indonesia

EAST ASIA
AND PACIFIC-

100.00

10.95

15.08

401

P157585

Strategic Irrigation Modernizationand Urgent Rehabilitation Project

2018

Indonesia

EAST ASIA
AND PACIFIC-

250.00

34.83

56.56

402

P157599

Integrated Infrastructure
Development for National Tourism
Strategic Areas (Indonesia
Tourism Development Project)

2018

Indonesia

EAST ASIA
AND PACIFIC-

300.00

22.13

39.41

403

P160661

Program to Accelerate Agrarian
Reform (One Map Project)

2019

Indonesia

EAST ASIA
AND PACIFIC-

200.00

34.65

77.11

404

P160665

Indonesia Social Assistance
Reform Program

2017

Indonesia

EAST ASIA
AND PACIFIC-

600.0024.20

407.60405

P164277

Indonesia - Supporting Primary
Health Care Reform2018

Indonesia

EAST ASIA
AND PACIFIC-

150.00

23.99

73.28

406

P164686

Investing in Nutrition
and Early Years

2018

Indonesia

EAST ASIA
AND PACIFIC-

400.0055.40

238.85407

P165543

Institutional Strengthening for
Improved Village Service Delivery

2019

Indonesia

EAST ASIA
AND PACIFIC-

300.00

7.00

18.17

93

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Introduction

Sustainable
Development
Goals

Issuance
Programs

Country

RegionP168076

Realizing Education’s Promise:
Support to Indonesia’s Ministryof Religious Affairs for Improved
Quality of Education

2019

Indonesia

EAST ASIA
AND PACIFIC-

250.00

51.00

80.00

409

P169403

Central Sulawesi Rehabilitation
and Reconstruction Project

2019

Indonesia

EAST ASIA
AND PACIFIC-

150.00

8.40

22.65

410

P170874

Indonesia Disaster Resilience
Initiatives Project (IDRIP)

2020

Indonesia

EAST ASIA
AND PACIFIC-

160.00

10.10

17.39

411

P172439

Indonesia Investment andTrade Reforms DPL

2021

Indonesia

EAST ASIA
AND PACIFIC-

800.00800.00800.00412

P173232

Indonesia Second Financial
Sector Reform Development
Policy Financing

2021

Indonesia

EAST ASIA
AND PACIFIC-

400.00400.00400.00413

P173249

Indonesia Disaster Risk
Finance & Insurance

2021

Indonesia

EAST ASIA
AND PACIFIC-

500.00140.00140.00414

P173843

Indonesia: Emergency
Response to COVID19

2020

Indonesia

EAST ASIA
AND PACIFIC-

750.00398.72648.72415

P173994

Iran COVID-19 Emergency
Response Project

2020

Iran, Islamic
Republic of

MIDDLE EAST
AND NORTH
AFRICA

90.00

140.0085.23

136.80416

P177038

Iraq COVID-19 Vaccination Project

2022

Iraq

MIDDLE EAST
AND NORTH
AFRICA

98.00

98.00

72.41

72.41

417

P131550

Transport Corridors Project

2014

Iraq

MIDDLE EAST
AND NORTH
AFRICA-355.0028.27

292.57418

P151357

Modernization of Public Financial
Management Systems Project

2017

Iraq

MIDDLE EAST
AND NORTH
AFRICA

-

41.50

0.23

4.23

419

P155732

Emergency Operation
for Development

2016

Iraq

MIDDLE EAST
AND NORTH
AFRICA-

750.0067.71

459.67420

P162094

Baghdad Water Supply and
Sewerage Improvement Project

2018

Iraq

MIDDLE EAST
AND NORTH
AFRICA-

210.00

11.95

24.35

421

P162454

IQ: Basra Electricity Dissemination
and Development Project (EDDP)

2019

Iraq

MIDDLE EAST
AND NORTH
AFRICA-

200.00

7.26

7.86

422

P163108

Iraq Social Fund for Development

2018

Iraq

MIDDLE EAST
AND NORTH
AFRICA-

300.00

5.14

15.77

423

P165114

Iraq Emergency Social Stabilization
and Resilience Project

2018

Iraq

MIDDLE EAST
AND NORTH
AFRICA

-

2.78(21.72)

2.78

424

P146460

Jamaica Integrated Community
Development Project

2014

JamaicaLATIN
AMERICA ANDCARIBBEAN

-

41.71

0.70

41.71

425

P146688

Jamaica Strategic Public
Sector Transformation

2015

JamaicaLATIN
AMERICA ANDCARIBBEAN

-

35.00

1.22

35.00

426

P146965

Jamaica Disaster Vulnerability
Reduction Project

2016

JamaicaLATIN
AMERICA ANDCARIBBEAN

-

30.00

5.22

23.19

427

P147665

Jamaica Foundations forCompetitiveness and Growth

2015

JamaicaLATIN
AMERICA ANDCARIBBEAN

-

60.00

2.87

45.71

428

P148013

JM Youth Employment in Digitaland Animation Industries

2015

JamaicaLATIN
AMERICA ANDCARIBBEAN

-

11.98

(0.22)

11.98

Project ID

Project Name

408

ImpactResources

External Review

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FY#

Foreword

IBRD Net
Commitments
during theyear ended
June 30, 2022

94

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FYCountry

RegionAccess to Finance for MSMEs

2018

JamaicaLATIN
AMERICA ANDCARIBBEAN

-

15.00

1.46

8.38

P166279

Second Rural Economic
Development Initiative(REDI II) Project

2020

JamaicaLATIN
AMERICA ANDCARIBBEAN

-

40.00

1.31

3.31

431

P177959

Jordan Support to Private
Sector Employment and Skills

2022

JordanMIDDLE EAST
AND NORTH
AFRICA

112.00112.00

0.28

0.28

432

P173974

Jordan Emergency Cash Transfer
COVID-19 Response Project2020

JordanMIDDLE EAST
AND NORTH
AFRICA

350.00990.00375.54418.79433

P178215

Jordan: Support for Industry
Development? Fund

2022

JordanMIDDLE EAST
AND NORTH
AFRICA

85.00

85.00

-

-

434

P132314

MSME Development Projectfor Inclusive Growth

2013

JordanMIDDLE EAST
AND NORTH
AFRICA-

120.00(0.79)

119.21

435

P161905

Innovative Startups Fund Project2017

JordanMIDDLE EAST
AND NORTH
AFRICA

-

50.00

2.00

32.13

436

P162407

Jordan Education Reform
Support Program

2018

JordanMIDDLE EAST
AND NORTH
AFRICA-

229.1013.38

136.46437

P163387

Jordan Emergency Health Project2017

JordanMIDDLE EAST
AND NORTH
AFRICA-

177.2063.59

170.19438

P170669

Jordan Youth, Technology,
and Jobs Project2020

JordanMIDDLE EAST
AND NORTH
AFRICA-

163.10

7.41

15.03

439

P173972

Jordan COVID-19
Emergency Response

2020

JordanMIDDLE EAST
AND NORTH
AFRICA

-

70.00

28.18

48.11

440

P175662

Jordan Inclusive, Transparent
and Climate Responsive
Investments Program For Results

2021

JordanMIDDLE EAST
AND NORTH
AFRICA-

500.00231.75231.75441

P174367

A Private-Sector Led
and More Sustainable
Economic Recovery DPF

2022

Kazakhstan

EUROPE AND
CENTRAL ASIA

400.00400.00--442

P086592

Second Irrigation and Drainage
Improvement Project

2013

Kazakhstan

EUROPE AND
CENTRAL ASIA-

102.90

13.56

50.80

443

P099270

SOUTH-WEST ROADS: WESTERNEUROPE-WESTERN CHINA
INTERNATIONAL TRANSITCORRIDOR (CAREC 1B & 6B)

2009

Kazakhstan

EUROPE AND
CENTRAL ASIA-

2,125.00

34.07

1,940.58

444

P116696

Kazakhstan - Tax Administration
Reform Project

2010

Kazakhstan

EUROPE AND
CENTRAL ASIA

-

10.00

0.16

7.07

445

P128050

East-West Roads Project (AlmatyKorgos Section): Western Europe- Western China International
Transit Corridor (CAREC - 1b)

2012

Kazakhstan

EUROPE AND
CENTRAL ASIA-

1,068.00

67.78

755.87446

P143274

Justice Sector Institutional
Strengthening Project

2014

Kazakhstan

EUROPE AND
CENTRAL ASIA

-

14.23

(0.19)

14.04

447

P147705

SME Competitiveness Project

2015

Kazakhstan

EUROPE AND
CENTRAL ASIA

-

18.00

1.98

11.19

448

P150183

KZ SKILLS AND JOBS PROJECT

2015

Kazakhstan

EUROPE AND
CENTRAL ASIA

-

20.80

1.22

18.94

449

P150402

Kazakhstan: Fostering
Productive Innovation Project

2015

Kazakhstan

EUROPE AND
CENTRAL ASIA

-

64.00

5.93

35.42

#

Project ID

Project Name

429

P152307430

ImpactResources

IBRD Net
Commitments
during theyear ended
June 30, 2022

External Review

95

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Country

RegionP152625

Social Health Insurance Project:
Improving Access, Quality,
Efficiency and Financial Protection

2016

Kazakhstan

EUROPE AND
CENTRAL ASIA

-

45.60

4.92

43.65

451

P153496

Education Modernization Project

2017

Kazakhstan

EUROPE AND
CENTRAL ASIA

-

17.53

1.59

3.40

452

P176903

Accelerating Reforms foran Inclusive and Resilient
Recovery DPF 2

2022

Kenya

EASTERN AND
SOUTHERNAFRICA

230.00230.00230.00230.00453

P165034

Kenya Affordable Housing
Finance Project

2019

Kenya

EASTERN AND
SOUTHERNAFRICA-

250.00

45.58

94.54

454

P178587

Strengthening Lebanon’s
Covid-19 Response

2022

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

22.95

22.95

-

-

455

P178866

Lebanon: Wheat supply
emergency response project2022

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

135.00135.00--456

P103063

LB- GREATER BEIRUT
WATER SUPPLY

2011

Lebanon

MIDDLE EAST
AND NORTH
AFRICA-

200.002.50

156.28457

P125184

Lebanon-Water Supply
Augmentation Project

2015

Lebanon

MIDDLE EAST
AND NORTH
AFRICA-

210.71

5.55

210.71

458

P143594

LB-Environmental Pollution
Abatement Project

2015

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

-

15.00

1.95

13.39

459

P147854

Lake Qaraoun Pollution
Prevention Project

2017

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

-

55.00

0.55

10.11

460

P160223

Roads and Employment Project

2017

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

-

154.60

18.35

44.31

461

P160224

Greater Beirut Public
Transport Project

2018

Lebanon

MIDDLE EAST
AND NORTH
AFRICA-

225.20

0.56

8.74

462

P163476

Lebanon Health Resilience Project

2017

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

-

95.79

12.01

60.62

463

P173367

LEBANON EMERGENCY CRISISAND COVID-19 RESPONSE
SOCIAL SAFETY NET PROJECT

2021

Lebanon

MIDDLE EAST
AND NORTH
AFRICA-

246.00139.62139.62

464

P178224

Mexico Inclusive and Sustainable
Economic Growth DPL

2022

MexicoLATIN
AMERICA ANDCARIBBEAN

700.00700.00--465

P149872

Energy Efficiency in Public
Facilities Project (PRESEMEH)

2016

MexicoLATIN
AMERICA ANDCARIBBEAN

-

50.00

4.97

23.81

466

P157932

Improving Access to
Affordable Housing Project2017

MexicoLATIN
AMERICA ANDCARIBBEAN

-

99.90

6.01

99.90

467

P164389

Water Security and Resilience for
the Valley of Mexico (PROSEGHIR)

2020

MexicoLATIN
AMERICA ANDCARIBBEAN-

120.00

0.30

0.30

468

P164661Strengthening Entrepreneurshipin Productive Forest Landscapes

2018

MexicoLATIN
AMERICA ANDCARIBBEAN

-

56.00

10.08

43.39

469

P174000

Environmental Sustainability
and Urban Resilience DPF

2021

MexicoLATIN
AMERICA ANDCARIBBEAN-

750.00750.00750.00470

P174150

Mexico Strengthening
Economic Sustainability DPF

2021

MexicoLATIN
AMERICA ANDCARIBBEAN-

750.00750.00750.00

Project ID

Project Name

450

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FY#

Foreword

IBRD Net
Commitments
during theyear ended
June 30, 2022

External Review

96

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FYCountry

RegionP175640

Moldova Emergency
Response, Resilience, andCompetitiveness DPO

2022

Moldova

EUROPE AND
CENTRAL ASIA

43.00

43.00

-

-

472

P177895

MSME Competitiveness Project2022

Moldova

EUROPE AND
CENTRAL ASIA

18.60

18.60

-

-

473

P127734

Tax Administration
Modernization Project

2016

Moldova

EUROPE AND
CENTRAL ASIA

-

12.58

2.62

12.53

474

P144103

MD Second Competitiveness
Enhancement Project

2015

Moldova

EUROPE AND
CENTRAL ASIA

-

30.00

(0.08)

29.68

475

P172668

Second District Heating
Efficiency Improvement Project

2020

Moldova

EUROPE AND
CENTRAL ASIA-

100.00

0.35

0.35

476

P174806

Mongolia Transport Connectivity
and Logistics improvement project2022

Mongolia

EAST ASIA
AND PACIFIC

100.00100.00--477

P173799

MONGOLIA COVID-19
EMERGENCY RESPONSE
AND HEALTH SYSTEMPREPAREDNESS PROJECT

2020

Mongolia

EAST ASIA
AND PACIFIC

-

13.80

1.60

13.17

478

P174007

Ulaanbaatar Sustainable
Urban Transport Project

2021

Mongolia

EAST ASIA
AND PACIFIC-

100.00

1.00

1.00

479

P122139

Industrial Waste Management
and Cleanup Project

2015

Montenegro

EUROPE AND
CENTRAL ASIA

-

61.60

11.89

36.03

480

P149743

Revenue Administration
Reform Project

2018

Montenegro

EUROPE AND
CENTRAL ASIA

-

20.90

0.33

7.25

481

P164424Montenegro Second Institutional
Development and Agriculture
Strengthening Project

2018

Montenegro

EUROPE AND
CENTRAL ASIA

-

34.89

2.12

9.34

482

P165509

Montenegro Second Energy
Efficiency Project

2018

Montenegro

EUROPE AND
CENTRAL ASIA

-

7.39

0.66

5.17

483

P169330

Morocco Public Sector
Performance (ENNAJAA) Program

2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA

450.00450.00

1.04

1.04

484

P175747

Resilient and Sustainable
Water in Agriculture2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA

180.00180.00--485

P167894

MA North-East Economic
Development Project2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA

250.00250.00--486

P176937

Strengthening Human Capitalfor a Resilient Morocco DPF

2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA

500.00500.00--487

P149995

Casablanca Municipal
Support Program

2018

MoroccoMIDDLE EAST
AND NORTH
AFRICA

100.00300.00-190.71

488

P172926

Blue Economy Program for Results

2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA

350.00350.00--489

P131256

Morocco: Noor Solar Power Project

2015

MoroccoMIDDLE EAST
AND NORTH
AFRICA-463.0020.08

250.45490

P144539

Integrated Disaster
Risk Management andResilience Program

2016

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

300.0038.01

232.33491

P145529

MA-Rural Water Supply

2014

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

158.62

12.52

123.59492

P149653

Morocco Urban Transport
Project (P4R)

2016

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

350.0037.50

274.72493

P150930

MA-Large Scale Irrigation
Modernization Project

2016

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

150.0012.31

117.86#Foreword

IBRD Net
Commitments
during theyear ended
June 30, 2022

Project ID

Project Name

471

External Review

97

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

Project ID

Project Name

ApprovalFY

IBRD Net
Commitments
during theyear ended
June 30, 2022

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region

-

55.00

6.08

22.97

494

P151169

Supporting the economic
inclusion of youth

2019

MoroccoMIDDLE EAST
AND NORTH
AFRICA

495

P155198

Identity and Targeting forSocial Protection Project

2017

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

100.00

16.30

95.20

496

P167619

Education Support Program

2019

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

500.0028.54

253.56497

P168147

Municipal Performance Program

2020

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

300.0055.06

129.42

498

P170419

Morocco Green Generation
Program-for-Results

2021

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

250.00

21.09

85.39

499

P172809

Morocco COVID-19 Social
Protection Emergency
Response Project

2021

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

400.0076.97

245.35500

P173073

Improving Early Childhood
Development outcomesin rural Morocco2021

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

450.00109.64109.64501

P174004

Second Financial and Digital
Inclusion Development
Policy Financing

2021

MoroccoMIDDLE EAST
AND NORTH
AFRICA-

450.00431.16431.16502

P146319Development Finance Project

2015

Nigeria

WESTERN
AND CENTRALAFRICA-

500.0075.73

486.48503

P128378

Skills Development andInnovation Support Project

2014

North
Macedonia

EUROPE AND
CENTRAL ASIA

-

23.72

(0.24)

20.16

504

P149955

Road Upgrading andDevelopment Project

2016

North
Macedonia

EUROPE AND
CENTRAL ASIA

-

79.99

4.28

37.38

505

P149990

North Macedonia Public Sector
Energy Efficiency Project

2020

North
Macedonia

EUROPE AND
CENTRAL ASIA

-

27.40

0.35

0.43

506

P154464

Second Municipal Services
Improvement Project

2016

North
Macedonia

EUROPE AND
CENTRAL ASIA

-

28.04

7.16

24.58

507

P162043

Western Balkans Trade andTransport Facilitation

2019

North
Macedonia

EUROPE AND
CENTRAL ASIA

-

90.00

1.56

4.32

508

P162246

Social Services
Improvement Project

2019

North
Macedonia

EUROPE AND
CENTRAL ASIA

-

33.40

5.88

15.88

509

P168014

Agriculture Modernization Project

2020

North
Macedonia

EUROPE AND
CENTRAL ASIA

-

50.50

4.73

4.87

510

P170267

North Macedonia: Local Roads
Connectivity Project

2020

North
Macedonia

EUROPE AND
CENTRAL ASIA-

122.80

4.40

59.40

511

P171973

Primary Education
Improvement Project

2021

North
Macedonia

EUROPE AND
CENTRAL ASIA

-

25.00

4.40

6.24

512

P173916

North Macedonia Emergency
COVID-19 Response Project

2020

North
Macedonia

EUROPE AND
CENTRAL ASIA

-

98.50

30.66

83.49

513

P170230

Electricity Distribution Efficiency
Improvement Project2022

Pakistan

SOUTH ASIA

195.00195.00--514

P115893

Tarbela Fourth Extension
Hydropower Project

2012

Pakistan

SOUTH ASIA-

790.0015.23

451.83515

P121507

Dasu Hydropower Stage I Project

2014

Pakistan

SOUTH ASIA-

700.00

2.20

3.95

516

P125999

PK Punjab Irrig Agri Productivity
Improvement Program Project

2012

Pakistan

SOUTH ASIA-

130.00

28.00

99.83

517

P154524

Pakistan: Third Punjab
Education Sector Project

2016

Pakistan

SOUTH ASIA-

300.0028.35

292.31

518

P154987

National Transmission
Modernization I Project

2018

Pakistan

SOUTH ASIA-

425.00

30.82

36.04

External Review

98Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Approval
FYCountry

RegionIBRD Net
Commitments
during theyear ended
June 30, 2022

P161402

Competitive and Livable
City of Karachi Project

2019

Pakistan

SOUTH ASIA-

230.00

28.55

43.07

520

P162446

Punjab Agriculture and Rural
Transformation P4R Program

2018

Pakistan

SOUTH ASIA-

300.0021.43

158.15521

P163461

Khyber Pakhtunkhwa
Hydropower and Renewable
Energy Development

2021

Pakistan

SOUTH ASIA-

200.00

0.51

1.13

522

P164704

Karachi Water and Sewerage
Services Improvement
Project (KWSSIP)

2019

Pakistan

SOUTH ASIA

-

40.00

5.30

8.38

523

P166732

Karachi Mobility Project

2019

Pakistan

SOUTH ASIA-

382.00

0.20

4.15

524

P169071

Punjab Rural Sustainable Water
Supply and Sanitation Project

2021

Pakistan

SOUTH ASIA-

200.00

2.96

2.96

525

P171417

Punjab Resource Improvement
and Digital Effectiveness2021

Pakistan

SOUTH ASIA-

304.00

53.75

84.51

526

P173021

Solid Waste Emergency
and Efficiency Project

2021

Pakistan

SOUTH ASIA-

100.00

0.82

1.65

527

P174553

Pakistan Program for Affordable
and Clean Energy (PACE)

2021

Pakistan

SOUTH ASIA-

200.00200.00200.00528

P173881Panama COVID-19
Emergency Response

2020

PanamaLATIN
AMERICA ANDCARIBBEAN

100.00120.00

7.45

20.00

529

P174191

Second Panama Disaster Risk
Management Development
Policy Loan with a CAT DDO

2022

PanamaLATIN
AMERICA ANDCARIBBEAN

100.00100.00--530

P175930

Panama Pandemic Response
and Growth Recovery
Development Policy Loan 2

2022

PanamaLATIN
AMERICA ANDCARIBBEAN

250.00250.00--531

P157575

Support for the National
Indigenous Peoples
Development Plan

2018

PanamaLATIN
AMERICA ANDCARIBBEAN

-

80.00

4.65

6.65

532

P166991

Papua New Guinea Resilient
Transport Project2022

Papua New
GuineaEAST ASIA
AND PACIFIC

50.00

50.00

-

-

533

P178285

Paraguay Green and Resilient DPL

2022

Paraguay

LATIN
AMERICA ANDCARIBBEAN

240.00240.00--534

P088799

PY PRODERS Sustainable
Agriculture & Rural Development

2008

Paraguay

LATIN
AMERICA ANDCARIBBEAN-

137.30(0.20)

137.30535

P147278

PY Transport Connectivity

2017

Paraguay

LATIN
AMERICA ANDCARIBBEAN-

100.00

5.77

27.99

536

P167996

Paraguay Public Health
Sector Strengthening

2019

Paraguay

LATIN
AMERICA ANDCARIBBEAN-

115.00

31.32

33.01

537

P168153

Market Access for Agricultural
Products Project

2020

Paraguay

LATIN
AMERICA ANDCARIBBEAN-

100.00

6.89

33.03

538

P174812

Transmission Investment Plan
(PIT) to support Post-COVID-19
Green Economic Recovery in Peru

2022

Peru

LATIN
AMERICA ANDCARIBBEAN

70.00

70.00

-

-

539

P178181

Peru COVID-19 Vaccination Project

2022

Peru

LATIN
AMERICA ANDCARIBBEAN

500.00500.00--540

P176297

STRENGTHENING PERU’SNATIONAL SCIENCE,TECHNOLOGY ANDINNOVATION SYSTEM

2022

Peru

LATIN
AMERICA ANDCARIBBEAN

100.00100.00--#Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Project ID

Project Name

519

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

99

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FYCountry

RegionPeru: Enabling a Green andResilient Development DPF

2022

Peru

LATIN
AMERICA ANDCARIBBEAN

500.00500.00--

P132505

Cusco Transport
Improvement Project

2014

Peru

LATIN
AMERICA ANDCARIBBEAN-

120.00

28.35

41.83

543

P132515

Support to the Subnational
Transport Program Project

2016

Peru

LATIN
AMERICA ANDCARIBBEAN

-

50.00

4.60

28.45

544

P147342

Peru: Enhancement ofEnvironmental Quality Services

2017

Peru

LATIN
AMERICA ANDCARIBBEAN

-

40.00

1.32

7.17

545

P151851

Integrated Water Resources
Management in Ten Basins

2017

Peru

LATIN
AMERICA ANDCARIBBEAN

-

40.00

8.84

29.65

546

P155902

National Program for Innovationin Fisheries and Aquaculture

2017

Peru

LATIN
AMERICA ANDCARIBBEAN

-

40.00

4.88

40.00

547

P156250

Strengthening the Science,
Technology and Innovation
System in Peru

2017

Peru

LATIN
AMERICA ANDCARIBBEAN

-

45.00

3.94

44.24

548

P157043

Modernization of Water Supply
and Sanitation Services

2019

Peru

LATIN
AMERICA ANDCARIBBEAN

-

70.00

3.72

10.39

549

P162278

National Urban Cadaster andMunicipal Support Project

2020

Peru

LATIN
AMERICA ANDCARIBBEAN

-

50.00

0.33

0.33

550

P162833

Improving the Performance of
Non-Criminal Justice Services

2019

Peru

LATIN
AMERICA ANDCARIBBEAN

-

85.00

6.24

6.60

551

P170595

Lima Metropolitano BRT
North Extension

2020

Peru

LATIN
AMERICA ANDCARIBBEAN

-

93.00

40.16

50.86

552

P174440

Peru: Strengthening Foundations
for Post COVID-19 Recovery DPF

2021

Peru

LATIN
AMERICA ANDCARIBBEAN-

750.00750.00750.00553

P176387

Investing in Human Capital DPF II

2021

Peru

LATIN
AMERICA ANDCARIBBEAN-

350.00350.00350.00554

P173877

Philippines COVID-19
Emergency Response Project

2020

Philippines

EAST ASIA
AND PACIFIC

300.00900.00314.45533.69555

P176891

Philippines Promoting
Competitiveness andEnhancing Resilience to Natural
Disasters Sub-Program 3

2022

Philippines

EAST ASIA
AND PACIFIC

600.00600.00600.00600.00556

P177125

Fourth Disaster Risk
Management Development
Policy Loan with a CatastropheDeferred Drawdown Option

2022

Philippines

EAST ASIA
AND PACIFIC

500.00500.00202.50202.50557

P175493

The Philippines Multisectoral
Nutrition Project2022

Philippines

EAST ASIA
AND PACIFIC

178.10178.10--558

P119343

Cebu Bus Rapid Transit(BRT) Project

2015

Philippines

EAST ASIA
AND PACIFIC-

116.00

2.43

22.07

559

P127741

Philippines National Community
Driven Development Program

2014

Philippines

EAST ASIA
AND PACIFIC-

730.5468.07

568.39560

P132317

Philippine Rural
Development Project

2015

Philippines

EAST ASIA
AND PACIFIC-

849.8289.41

588.41

561

P153814

Metro Manila FloodManagement Project

2018

Philippines

EAST ASIA
AND PACIFIC-

207.60

5.60

16.64

562

P163428

Philippines Customs
Modernization Project

2021

Philippines

EAST ASIA
AND PACIFIC

-

88.28

0.63

0.63

#

Project ID

Project Name

541

P177765

542

ImpactResources

IBRD Net
Commitments
during theyear ended
June 30, 2022

External Review

100Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FYCountry

RegionP172399

Support to Parcelizationof Lands for Individual
Titling (SPLIT) Project

2020

Philippines

EAST ASIA
AND PACIFIC-

370.00

7.04

23.89

564

P174066

Beneficiary FIRST Social
Protection Project

2021

Philippines

EAST ASIA
AND PACIFIC-

600.001.51

301.51

565

P175008

Philippines First Financial
Sector Reform Development
Policy Financing

2021

Philippines

EAST ASIA
AND PACIFIC-

400.00400.00400.00566

P170131

Clean Air Through Greening
Residential Heating Program

2022

PolandEUROPE AND
CENTRAL ASIA

291.30291.30--567

P147460

ODRA-VISTULA FLOOD
MANAGEMENT PROJECT

2016

PolandEUROPE AND
CENTRAL ASIA-

504.04160.86411.87568

P178912

Romania Inclusive andGreen Growth DPF

2022

Romania

EUROPE AND
CENTRAL ASIA

641.70641.70--569

P093775

GEF Romania Integrated Nutrient
Pollution Control Project

2008

Romania

EUROPE AND
CENTRAL ASIA-

117.88

9.73

98.02

570

P145174

HEALTH SECTOR REFORM

2014

Romania

EUROPE AND
CENTRAL ASIA-

514.8013.19

182.65571

P148585

Romania Secondary
Education Project

2015

Romania

EUROPE AND
CENTRAL ASIA-

243.1032.98

120.70572

P160751

Justice Services
Improvement Project2017

Romania

EUROPE AND
CENTRAL ASIA

-

66.99

11.07

38.06

573

P166302

Strengthening Disaster Risk
Management Project

2019

Romania

EUROPE AND
CENTRAL ASIA

-

60.48

2.46

2.67

574

P169927

Romania Health Programfor Results

2020

Romania

EUROPE AND
CENTRAL ASIA-

557.20103.03103.03575

P079032

Housing and Communal
Services Project

2008

RussianFederation

EUROPE AND
CENTRAL ASIA-

200.000.14

200.00576

P092429

Second State Statistical
System Development Project

2007

RussianFederation

EUROPE AND
CENTRAL ASIA

-

10.00

(0.01)

9.96

577

P120219

RUSSIA CULTURAL HERITAGE 2

2011

RussianFederation

EUROPE AND
CENTRAL ASIA-

100.00

7.55

98.92

578

P127676

RUSSIAHYDROMETEOROLOGICALSERVICES MODERNIZATION

2014

RussianFederation

EUROPE AND
CENTRAL ASIA

-

60.00

8.93

57.18

579

P174251

Serbia Local Infrastructure andInstitutional Development Project2022

SerbiaEUROPE AND
CENTRAL ASIA

100.00100.00--580

P176770

Scaling-Up Residential Clean
Energy (SURCE) Project2022

SerbiaEUROPE AND
CENTRAL ASIA

50.00

50.00

-

-

581

P127876

SERBIA ROAD REHABILITATION
AND SAFETY PROJECT

2013

SerbiaEUROPE AND
CENTRAL ASIA

-

76.41

(0.02)

63.19

582

P129539

Second Serbia Health Project2014

SerbiaEUROPE AND
CENTRAL ASIA

-

71.10

6.56

48.92

583

P147050

Serbia - Real EstateManagement Project

2015

SerbiaEUROPE AND
CENTRAL ASIA

-

66.90

6.37

50.08

584

P152104

Serbia Competitiveness and Jobs

2016

SerbiaEUROPE AND
CENTRAL ASIA

-

94.89

17.10

96.10

585

P156837

State Owned Financial Institutions
Strengthening Project

2018

SerbiaEUROPE AND
CENTRAL ASIA

-

50.00

14.03

35.42

586

P157117

Inclusive Early Childhood
Education and Care2017

SerbiaEUROPE AND
CENTRAL ASIA

-

50.00

10.44

26.00

587

P163673

Tax Administration
Modernization Project

2019

SerbiaEUROPE AND
CENTRAL ASIA

-

52.00

3.73

5.31

588

P164575

Public Sector Efficiency andGreen Recovery DPL

2021

SerbiaEUROPE AND
CENTRAL ASIA-

100.00

93.08

93.08

589

P164824

Enabling Digital
Governance Project

2019

SerbiaEUROPE AND
CENTRAL ASIA

-

50.00

1.91

6.48

#

Foreword

IBRD Net
Commitments
during theyear ended
June 30, 2022

Project ID

Project Name

563

101

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Project ID

Project Name

590

P167634

Serbia Competitive
Agriculture Project (SCAP)

591

P168862592

Issuance
Programs

ImpactResources

External Review

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region2020

SerbiaEUROPE AND
CENTRAL ASIA

-

50.00

13.73

16.20

Sava and Drina Rivers Corridors
Integrated Development Program2021

SerbiaEUROPE AND
CENTRAL ASIA-

133.90

16.42

17.14

P170185

Serbia Accelerating Innovation
and Growth Entrepreneurship

2020

SerbiaEUROPE AND
CENTRAL ASIA

-

48.00

4.47

8.64

593

P170868

Serbia Railway Sector
Modernization

2021

SerbiaEUROPE AND
CENTRAL ASIA

-

62.50

1.28

1.28

594

P173892

Serbia Emergency COVID-19
Response Project

2020

SerbiaEUROPE AND
CENTRAL ASIA-

100.00

28.50

31.55

595

P176420

Seychelles First Fiscal
Sustainability and Climate
Resilience Development
Policy Financing

2022

Seychelles

EASTERN AND
SOUTHERNAFRICA

35.00

35.00

35.00

35.00

596

P155642

Third South West Indian Ocean
Fisheries Governance and Shared
Growth Project (SWIOFish3)

2018

Seychelles

EASTERN AND
SOUTHERNAFRICA

-

5.00

0.73

2.53

597

P168993Strengthening Quality of theSocial Protection System

2021

Seychelles

EASTERN AND
SOUTHERNAFRICA

-

30.00

9.00

9.08

598

P174246

South Africa Covid-19 Response
Development Policy Operation

2022

South Africa

EASTERN AND
SOUTHERNAFRICA

750.00750.00750.00750.00599

P174259South Africa COVID-19
Emergency Response Project2022

South Africa

EASTERN AND
SOUTHERNAFRICA

480.00480.00--600

P116410

Eskom Investment Support Project

2010

South Africa

EASTERN AND
SOUTHERNAFRICA-

3,159.61

18.45

3,153.53

601

P173867

Sri Lanka COVID-19 Emergency
Response and Health Systems
Preparedness Project

2020

Sri Lanka

SOUTH ASIA

100.00189.00138.44168.12602

P176164

Inclusive Connectivity andDevelopment Project2022

Sri Lanka

SOUTH ASIA

500.00500.00157.20157.20603

P122735

Metro Colombo Urban
Development Project

2012

Sri Lanka

SOUTH ASIA-

213.0017.29

199.07604

P147827

LK Water Supply and Sanitation
Improvement Project

2015

Sri Lanka

SOUTH ASIA

-

40.00

5.10

5.10

605

P159995

Accelerating Higher
Education Expansion andDevelopment Operation

2017

Sri Lanka

SOUTH ASIA

-

67.00

13.78

50.47

606

P160005

Climate Resilience Multi-Phase
Programmatic Approach

2019

Sri Lanka

SOUTH ASIA

-

92.00

0.81

0.81

607

P163721

Sri Lanka: Primary Health Care
System Strengthening Project

2018

Sri Lanka

SOUTH ASIA-

200.0035.50

110.02

608

P165973

Saramacca Canal System
Rehabilitation Project

2019

Suriname

LATIN
AMERICA ANDCARIBBEAN

-

35.00

1.05

2.62

609

P125032

Timor Leste Road Climate
Resilience Project

2011

Timor-Leste

EAST ASIA
AND PACIFIC

-

14.95

0.23

14.95

610

P176352

Tunisia COVID-19 Social
Protection Emergency
Response Support Project

2021

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

400.00700.00373.90374.64611

P179010

Tunisia Emergency Food
Security Response Project2022

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

130.00130.00--612

P173945

Tunisia COVID-19
Response project

2020

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

22.00

142.00

36.65

81.32

Introduction

Sustainable
Development
Goals

ApprovalFY

IBRD Net
Commitments
during theyear ended
June 30, 2022

102

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

Project ID

ApprovalFY

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region

-

57.40

4.36

58.21

613

P117082

Tunisia Northern Tunis
Wastewater Project

2010

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

614

P130637

Tunisia - Urban Development
and Local Governance

2015

Tunisia

MIDDLE EAST
AND NORTH
AFRICA-

430.0013.04

310.99615

P132381

Third Export Development
Project (EDP III)2014

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

-

27.70

0.48

22.57

616

P146502

TN-Road Transport Corridors

2016

Tunisia

MIDDLE EAST
AND NORTH
AFRICA-

194.401.80

189.16617

P151030

Integrated LandscapesManagement in Lagging
Regions Project

2017

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

-

52.00

1.90

14.02

618

P151059

Tunisia Tertiary Education
for Employability Project

2016

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

-

70.00

9.94

55.99

619

P160245

Tunisia Irrigated Agriculture
Intensification Project

2018

Tunisia

MIDDLE EAST
AND NORTH
AFRICA-

140.00

3.21

29.50

620

P162297

Strengthening Foundations
for Learning Project

2018

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

-

68.96

4.89

25.39

621

P167380

Tunisia Innovative Startups
and SMEs Project

2019

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

-

75.00

3.97

27.12

622

P168425

Digital Transformation for
User-Centric Public Services

2019

Tunisia

MIDDLE EAST
AND NORTH
AFRICA-

100.00

2.90

32.70

623

P173568

Tunisia Integrated Disaster
Resilience Program

2021

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

-

50.00

10.84

10.84

624

P151739

Turkey Geothermal
Development Project2017

Turkiye

EUROPE AND
CENTRAL ASIA

300.00550.000.75

228.63625

P175011

Turkey Climate Smart andCompetitive Agricultural
Growth Project (TUCSAP)

2022

Turkiye

EUROPE AND
CENTRAL ASIA

341.27341.27--626

P176608

Türkiye Earthquake, Floods
and Wildfires Emergency
Reconstruction Project2022

Turkiye

EUROPE AND
CENTRAL ASIA

449.25449.25--627

P173988

Turkey Emergency COVID-19
Health Project

2020

Turkiye

EUROPE AND
CENTRAL ASIA

500.00600.00

32.51

97.89

628

P093765

GAS SECTOR DEVELOPMENT
PROJECT2006

Turkiye

EUROPE AND
CENTRAL ASIA-

384.6926.92

384.69629

P106284

Turkey Land Registration andCadastre Modernization Project

2008

Turkiye

EUROPE AND
CENTRAL ASIA-

264.0115.62

231.97

630

P128605SUSTAINABLE CITIES2017

Turkiye

EUROPE AND
CENTRAL ASIA-

132.7745.12

108.55631

P144534

Renewable Energy Integration

2014

Turkiye

EUROPE AND
CENTRAL ASIA-

625.0039.24

293.04632

P152799

Health System Strengthening
and Support Project2016

Turkiye

EUROPE AND
CENTRAL ASIA-

134.30

3.50

66.20

633

P158418

Turkiye Irrigation Modernization

2019

Turkiye

EUROPE AND
CENTRAL ASIA-

252.00

21.76

38.57

634

P161915

Sustainable Cities Project 2

2018

Turkiye

EUROPE AND
CENTRAL ASIA-

652.14

11.35

45.16

635

P162727

Gas Storage Expansion Project2018

Turkiye

EUROPE AND
CENTRAL ASIA-

600.0034.67

300.64

ImpactResources

Project Name

IBRD Net
Commitments
during theyear ended
June 30, 2022

External Review

103

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued#

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

Project ID

Project Name

636

P162762

Turkey Energy Efficiency
in Public Buildings

637

P163225638

ApprovalFY

IBRD Net
Commitments
during theyear ended
June 30, 2022

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Country

Region2020

Turkiye

EUROPE AND
CENTRAL ASIA-

150.00

18.71

21.26

Inclusive Access to Finance2018

Turkiye

EUROPE AND
CENTRAL ASIA-

400.00114.89383.00P169996

Municipal Services
Improvement Project

2020

Turkiye

EUROPE AND
CENTRAL ASIA-

148.80

12.32

12.73

639

P170532

Rail Logistics Improvement Project

2020

Turkiye

EUROPE AND
CENTRAL ASIA-

350.00

1.13

1.74

640

P171645

Turkey Organized Industrial
Zones Project

2021

Turkiye

EUROPE AND
CENTRAL ASIA-

300.00

1.16

1.16

641

P171766

Formal Employment
Creation Project

2020

Turkiye

EUROPE AND
CENTRAL ASIA-

347.3546.85

126.14642

P172562

Turkey Resilient LandscapeIntegration Project (TULIP)

2021

Turkiye

EUROPE AND
CENTRAL ASIA-

135.00

0.53

0.53

643

P173997

Safe Schooling and Distance
Education Project

2020

Türkiye

EUROPE AND
CENTRAL ASIA-

160.00

3.59

9.08

644

P174112Emergency Firm Support Project

2021

Turkiye

EUROPE AND
CENTRAL ASIA-

500.00110.00182.25645

P174144

Turkey Rapid Support for
Micro and Small Enterprises
during the COVID-19 crisis

2021

Turkiye

EUROPE AND
CENTRAL ASIA-

300.00260.00275.77646

P175894

Seismic Resilience andEnergy Efficiency in Public
Buildings Project

2021

Turkiye

EUROPE AND
CENTRAL ASIA-

265.00

0.15

0.15

647

P175131

COVID-19 Response Project2021

Turkmenistan

EUROPE AND
CENTRAL ASIA

-

20.00

15.01

15.01

648

P175895

Ukraine Emergency COVID-19
Response and Vaccination Project

2021

UkraineEUROPE AND
CENTRAL ASIA

241.39331.39269.99269.99649

P177931

Second Economic Recovery
Development Policy Loan

2022

UkraineEUROPE AND
CENTRAL ASIA

838.75838.75819.00819.00650

P178946

Public Expenditures for
Administrative Capacity
Endurance (PEACE) in Ukraine

2022

UkraineEUROPE AND
CENTRAL ASIA

492.00492.00450.43450.43651

P128344

Social Safety Nets
Modernization Project

2015

UkraineEUROPE AND
CENTRAL ASIA-

750.00121.43626.01

652

P132386

Second Urban
Infrastructure Project

2014

UkraineEUROPE AND
CENTRAL ASIA-

277.1035.35

158.15653

P132741

The District Heating Energy
Efficiency Project

2014

UkraineEUROPE AND
CENTRAL ASIA-

151.5919.85

128.57654

P144893

Serving People, Improving
Health Project

2015

UkraineEUROPE AND
CENTRAL ASIA-

349.7368.79

298.72655

P146788

Second Power
Transmission Project

2015

UkraineEUROPE AND
CENTRAL ASIA-

270.0022.42

154.90656

P149322

Road Sector Development Project

2016

UkraineEUROPE AND
CENTRAL ASIA-

337.80103.85311.88657

P156766

Access to Long Term Finance2017

UkraineEUROPE AND
CENTRAL ASIA-

250.0037.38

126.25658

P166941

Accelerating Private Investment
in Agriculture Program

2019

UkraineEUROPE AND
CENTRAL ASIA-

200.00

49.00

67.99

659

P171050

Ukraine Improving Higher
Education for Results Project

2021

UkraineEUROPE AND
CENTRAL ASIA-

200.00130.50130.50660

P172348

Eastern Ukraine: Reconnect,
Recover, Revitalize (3R) Project

2021

UkraineEUROPE AND
CENTRAL ASIA-

100.00

99.23

99.48

661

P176114

Improving Power System
Resilience for European
Power Grid Integration

2021

UkraineEUROPE AND
CENTRAL ASIA-

177.00

0.44

0.44

662

P176232

Uruguay Agro-Ecological andClimate Resilient Systems Project

2022

UruguayLATIN
AMERICA ANDCARIBBEAN

35.50

35.50

5.00

5.00

104

Table of Contents

THE WORLD BANK IMPACT REPORT 2022

World Bank Projects Commitment and Disbursement Schedule continued

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

IBRD Net
Disbursements
IBRD
during the year
IBRD
Cumulative Net
ended June
Cumulative Net
Commitments
30, 2022
Disbursements

Approval
FYCountry

RegionP176105

Strengthening Pedagogy andGovernance in Uruguayan
Public Schools Project

2022

UruguayLATIN
AMERICA ANDCARIBBEAN

40.00

40.00

-

-

664

P124181

Sustainable Managementof Natural Resources
and Climate Change

2012

UruguayLATIN
AMERICA ANDCARIBBEAN

-

64.00

0.36

63.35

665

P159771

Improving the Quality of Initial andPrimary Education in Uruguay

2017

UruguayLATIN
AMERICA ANDCARIBBEAN

-

40.00

5.66

37.71

666

P161989

Uruguay - Improving
Service Delivery to Citizens
and Businesses throughE-Government Project

2018

UruguayLATIN
AMERICA ANDCARIBBEAN

-

12.00

1.58

8.94

667

P172796

UY - COVID-19 Response& Economic Recovery

2020

UruguayLATIN
AMERICA ANDCARIBBEAN-

400.00280.00400.00668

P173876

Uruguay COVID-19 Emergency
Response Project

2020

UruguayLATIN
AMERICA ANDCARIBBEAN

-

20.00

20.00

20.00

669

P176353

Accelerating Uzbekistan’s
Transition Development
Policy Operation

2022

Uzbekistan

EUROPE AND
CENTRAL ASIA

150.00150.00150.00150.00670

P176017

Second Rural Enterprise
Development Project2022

Uzbekistan

EUROPE AND
CENTRAL ASIA

180.00180.00--671

P118737

Energy Efficiency Facility for
Industrial Enterprises

2010

Uzbekistan

EUROPE AND
CENTRAL ASIA-

200.00

17.91

84.52

672

P133703

Horticulture Development Project2014

Uzbekistan

EUROPE AND
CENTRAL ASIA-

650.002.13

622.48673

P156584

Modernization and Upgrade ofTransmission Substations

2017

Uzbekistan

EUROPE AND
CENTRAL ASIA

-

92.00

35.98

40.31

674

P158372

Agriculture Modernization Project

2020

Uzbekistan

EUROPE AND
CENTRAL ASIA-

181.00

25.05

25.50

675

P162929

Medium-Size Cities Integrated
Urban Development Project

2019

Uzbekistan

EUROPE AND
CENTRAL ASIA-

100.00

6.37

8.21

676

P166305

Ferghana Valley Rural Enterprise
Development Project

2019

Uzbekistan

EUROPE AND
CENTRAL ASIA-

200.0028.84

108.98677

P127978

Second Ho Chi Minh City
Environmental Sanitation Project

2015

Vietnam

EAST ASIA
AND PACIFIC-

250.00

7.16

61.42

678

P131558

Transmission Efficiency
Project (TEP)

2015

Vietnam

EAST ASIA
AND PACIFIC-

318.5329.48

318.53679

P152460

Vinh Phuc Flood Risk andWater Management Project

2016

Vietnam

EAST ASIA
AND PACIFIC-

150.00

17.00

32.66

680

P156143

Vietnam Coastal Cities
Sustainable Environment Project

2017

Vietnam

EAST ASIA
AND PACIFIC

-

46.00

5.40

13.50

33,072.20

145,228.40

28,167.91

76,127.03#

Foreword

IBRD Net
Commitments
during theyear ended
June 30, 2022

Project ID

Project Name

663

105

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Notes on the World Bank Projects Commitment
and Disbursement Schedule
IBRD Net Commitments during the year ended June 30, 2022: Represents the dollar value ofthe amount approved by the Board of Executive Directors to be extended as loans by IBRD, net ofCancellations and Terminations (as defined below) during the year ended June 30, 2022.
IBRD Net Disbursements during the year ended June 30, 2022: Represents the dollar value of theamount transferred to the borrower, net of refunds made in cash by the borrower for unused funds
during the year ended June 30, 2022.

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

IBRD Cumulative Net Commitments: Represents the dollar value of the amount approved by the
Board of Executive Directors to be extended as loans by IBRD, net of Cancellations and Terminations(as defined below), cumulatively over the life of the loan.
IBRD Cumulative Net Disbursements: Represents the dollar value of the amount transferred to theborrower, net of refunds made in cash by the borrower for unused funds, cumulatively over the life of
the loan.
Cancellations: The portion of the undisbursed balance that is no longer available for future
disbursement after signing of the loan agreement by the borrower.
Terminations: When the agreement for the approved loan was not signed by the borrower and thecommitment amount for the related loan is then terminated.
Foreign Currency: The schedule is expressed in terms of U.S. dollars for the purpose of reporting
commitments and disbursements. Commitments are reported at original U.S. dollar, i.e., the dollar
equivalent as per the Board of Executive Directors approved loan agreement. Disbursements arereported at historical U.S. dollar, i.e., translated at exchange rates at the date of disbursements.
Regions: The World Bank uses seven regional groupings in its reporting noted in the following tables.

East Asia and Pacific
External Review

American Samoa

Korea, Rep.

Philippines

Australia

Lao PDR

Samoa

Brunei Darussalam

Macao SAR, China

Singapore

Cambodia

Malaysia

Solomon Islands

China, The People’s Republic of

Marshall Islands

Taiwan, China

Fiji

Micronesia, Fed. Sts.

ThailandFrench Polynesia

Mongolia

Timor-Leste

Guam

Myanmar

Papua New Guinea

Hong Kong SAR, China

Nauru

Tonga

Indonesia

New Caledonia

TuvaluJapan

New Zealand

Vanuatu

Kiribati

Northern Mariana Islands

Vietnam

Korea, Dem. People's Rep.

Palau

106

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Europe and Central Asia

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

Albania

Gibraltar

NorwayAndorra

GreecePolandArmenia

Greenland

Portugal

Austria

Hungary

Romania

Azerbaijan

Iceland

Russian Federation

Belarus

Ireland

San Marino

Belgium

Isle of Man

SerbiaBosnia and Herzegovina

Italy

Slovak Republic

Bulgaria

Kazakhstan

Slovenia

Channel Islands

KosovoSpain

Croatia

Kyrgyz Republic

SwedenCyprus

LatviaSwitzerland

Czech Republic

Liechtenstein

Tajikistan

Denmark

Lithuania

TürkiyeEstonia

Luxembourg

Turkmenistan

Faroe Islands

Moldova

UkraineFinlandMonacoUnited Kingdom

FranceMontenegro

Uzbekistan

Georgia

Netherlands

Germany

North Macedonia

Latin America and The Caribbean
ImpactResources

External Review

Antigua and Barbuda

CuracaoParaguay

Argentina

Dominica

Peru

Aruba

Dominican Republic

Puerto Rico

Bahamas, The

EcuadorSint Maarten (Dutch part)

Barbados

El Salvador

St. Kitts and Nevis

BelizeGrenadaSt. Lucia

Bolivia

GuatemalaSt. Martin (French part)

BrazilGuyanaSt. Vincent and the Grenadines

British Virgin Islands

Haiti

Suriname

Cayman Islands

Honduras

Trinidad and Tobago

Chile

Jamaica

Turks and Caicos Islands

Colombia

MexicoUruguay

Costa Rica

Nicaragua

Venezuela, RB

Cuba

PanamaVirgin Islands (U.S.)

Middle East and North Africa
Algeria

JordanQatar

Bahrain

KuwaitSaudi Arabia

Djibouti

LebanonSyrian Arab Republic

Egypt, Arab Rep.

Libya

Tunisia

Iran, Islamic Rep.

Malta

United Arab Emirates

Iraq

MoroccoWest Bank and Gaza

IsraelOman

Yemen, Rep.

107

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North America
BermudaCanadaUnited States

Afghanistan

India

Pakistan

Bangladesh

Maldives

Sri Lanka

BhutanNepal

South Asia

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

Sub-Saharan Africa
AngolaEthiopia

Niger

Benin

Gabon

Nigeria

Botswana

Gambia, The

RwandaBurkina Faso

GhanaSão Tomé and Principe

BurundiGuineaSenegalCabo Verde

Guinea-Bissau

Seychelles

Cameroon

Kenya

Sierra Leone

Central African Republic

LesothoSomalia

Chad

LiberiaSouth Africa

Comoros

Madagascar

South Sudan

Congo, Dem. Rep.

Malawi

Sudan

Congo, Rep

Mali

Tanzania

Côte d’Ivoire

Mauritania

Togo

Equatorial Guinea

Mauritius

UgandaEritrea

MozambiqueZambiaEswatini

Namibia

Zimbabwe

External Review

108Table of Contents

THE WORLD BANK IMPACT REPORT 2022

Disclaimer

Foreword

Introduction

Sustainable
Development
Goals

Issuance
Programs

ImpactResources

External Review

This document has been prepared by the World Bank (International Bank for Reconstruction andDevelopment, IBRD) for information purposes only, and the World Bank makes no representation,
warranty, or assurance of any kind, express or implied, as to the accuracy or completeness of any of
the information contained herein. It is prepared by staff based on reviews of the underlying project
documentation. In the event of a discrepancy between the report and the underlying source (project
or bond documentation, or other source), the latter prevails.
This document is not an offer for sale of securities of the World Bank (International Bank for
Reconstruction and Development, IBRD). Any offering of World Bank 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 the World Bank or on behalf of the World
Bank, and is subject to restrictions under the laws of several countries. World Bank securities may
not be offered or sold except in compliance with all such laws.
Any examples provided in this document are provided for illustrative purposes only, and no assurance
can be provided that disbursements for projects with these specific characteristics will be made by
the World Bank during the term of a specific World Bank bond.
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 notfunded by any particular project or program.
Each recipient of this report is deemed to acknowledge that this is a proprietary document of theWorld Bank and by receipt hereof agrees not to disclose it, or permit disclosure of it, to third parties
without attributing the source or the prior written consent of the World Bank.
This document contains or references links to websites operated by third parties (“Third Party
Websites”). These links are provided for information purposes only. Third Party Websites are notunder control of IBRD. IBRD is not responsible for the content of, or links contained in, any Third
Party Website, and the inclusion of such links does not imply IBRD endorses, recommends, or
accepts any responsibility for the content of such Third Party Website.
All content (including, without limitation, the graphics, icons, and overall appearance of thepresentation and its content) are the property of the World Bank [unless otherwise noted]. The WorldBank does not waive any of its proprietary rights therein including, but not limited to, copyrights,
trademarks and other intellectual property rights. All photos, graphics and content are © World
Bank, unless otherwise noted.

109

INVESTOR RELATIONS & SUSTAINABLE FINANCE
Capital Markets & Investments Department
The World Bank Treasury
1818 H Street, NW
Washington, DC 20433
USA
E
T

debtsecurities@worldbank.org+1 (202) 477-2880