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[International] || International Bank for Reconstruction and Development (IBRD)/ World Bank

1.      Investment loans, credits and grants


Investment loans, credits and grants provide financing for a wide range of activities aimed at creating the physical and social infrastructure necessary to reduce poverty and create sustainable development. Over the past two decades, investment operations have, on average, accounted for 75 to 80 percent of the Bank’s portfolio.

The nature of investment operations has changed over time. Originally focused on hardware, engineering services, and bricks and mortar, investment lending and grants have come to focus more on institution building, social development, and improving the public policy infrastructure needed to strengthen private sector activity.

* Eligibility. Investment operations are available to International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) borrowers who are not in arrears with the Bank Group.
* Disbursement. Funds are disbursed against specific foreign or local expenditures related to the investment project, including pre-identified equipment, materials, civil works, technical and consulting services, studies, and incremental recurrent costs. Procurement of these goods, works, and services is an important aspect of project implementation. To ensure satisfactory performance, the loan or credit agreement may include conditions of disbursement for specific project components.
* Instruments. The large majority of investment loans are either Specific Investment Loans or Sector Investment and Maintenance Loans. Adaptable Program Loans and Learning and Innovation Loans were recently introduced to provide more innovation and flexibility in how funds can be used. Other instruments tailored to borrowers’ specific needs are Technical Assistance Loans, Financial Intermediary Loans, and Emergency Recovery Loans.


The World Bank-

1818 H Street, NW

Washington, DC 20433 USA

tel: (202) 473-1000

fax: (202) 477-6391

Category/ies:Funding Opportunities.
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