ISSUER: “World Bank” or “IBRD” (International Bank for Reconstruction and Development)
RATINGS: AAA/Stable/A-1 + (S&P) and Aaa/Stable/Prime-1 (Moody’s)
LOCATION: Washington, DC (Headquarters) and 130+ offices worldwide
PRESIDENT: Ajay Banga••••••••••

We provide financial solutions, including financing,guarantees, and risk management tools to support theirdevelopment related investment programs; andExpertise in areas such as agriculture, health, education,transportation, energy, and legal, financial market, andinstitutional reform, so that they can find solutions tonational, regional and global problems

Quality loan portfolio benefits from preferred creditor status
Prudent risk management
Substantial liquidity and consistent profitability
Diversified shareholder base189 members countries have subscribed to US $317.8
billion of subscribed capital (paid in capital + callablecapital)
The largest shareholders include the United States(16.6% of total subscribed capital), Japan (7.6%),
China (5.9%), Germany (4.5%), and France and theUnited Kingdom (with 4.1% each)

Lending is limited to sovereign or sovereign-guaranteedprojects in member countries
Countries with per capita Gross National Income (GNI) ofmore than $1,255 are eligible for new lending from IBRD
(countries with lower income receive concessional financing
from International Development Association (IDA))
Currently, the five largest country exposures are India,
Indonesia, Brazil, Mexico, and Colombia••••

A large amount of liquidity support flexibility
Actual liquidity exceeds estimated liquidity requirements. The
target liquidity level represents twelve months coveragecalculated at the beginning of every fiscal year•

Yes, although we are not a profit-maximizing institution, strong
financial performance is important to sustainably support
development goals

The maximum gearing ratio is 1:1 - outstanding loans
and guarantees may not exceed subscribed capital,reserves and surplus

Investor Relations & Sustainable Finance, The World Bank Treasury 1225 Connecticut Avenue NW, Washington, D.C., 20433, USA
P: +1 (202) 477 2880 E: debtsecurities@worldbank.org W: https://treasury.worldbank.org/en/about/unit/treasury/ibrd••••

Approximately USD $45-55 billion per year•

Meet investor needs by offering a broad product mix with varioustenors, sizes, and currency mix
Ensure high standards of execution••••••••The World Bank is rated triple-A and has been issuingsustainable development bonds for over 75 years
World Bank debt has 0% risk weighting (Basel II and III)
World Bank liquid bonds are considered level 1 HQLA (HighQuality Liquid Assets)
World Bank bonds are now accepted as collateral by CME
Clearing and London Clearing House based on liquidity andhigh-quality credit
World Bank bonds have been offered in over 60 different
currencies to date, with a wide variety of maturities as "plainvanilla" bonds or structured notes•USD $1-4 billion in size, benchmark maturities
USD, EUR, and other currencies
World Bank bonds are part of major indices such as Bloomberg
Barclays Global Aggregate Bond Index, Bank of America Merrill Lynch
Global Broad Market Quasi-Government, and Citigroup World Broad
Investment-Grade (WorldBIG)

A wide variety of plain vanilla and structured notes in manydifferent sizes and maturities
Green and other sustainable development bonus in a different
formats to meet specific investor preference

Yes, based on the World Bank's Environmental and Social
Framework (ESF) and its social mandate, investors integrating ESG
factors and pursuing various sustainable investment strategies buy
World Bank bonds for their portfolios. The World Bank Sustainable
Development Bond Impact Report describes the ESF and how theWorld Bank engages with investors using the Sustainable
Development Goals as a framework, and reports on project impacts.

AUD 1.5B 4.40% due 2028
NZD 950M 5.00% due 2026
CAD 900M 3.70% due 2028
NOK 5B 3m Nibor + 1% due 2027
EUR 2.0B 3.10% due 2038
GBP 850M 4.875% due 2030

DISCLAIMER: This investor update has been prepared by the World Bank (International Bank for Reconstruction and Development, IBRD) for information purposes only, and the IBRD 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. This investor brief may include
information relating to certain IBRD securities. Any such information is provided only for general purposes and does not constitute an offer to sell or a solicitation of an offer to buy any IBRDsecurities. The securities mentioned herein may not be eligible for sale in certain jurisdictions or to certain persons.

Investor Relations & Sustainable Finance, The World Bank Treasury 1225 Connecticut Avenue NW, Washington, D.C., 20433, USA
P: +1 (202) 477 2880 E: debtsecurities@worldbank.org W: https://treasury.worldbank.org/en/about/unit/treasury/ibrd