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IDA Financial Products

Lending Rates & Fees

  • Please check IDA's website for the latest lending rate information; some rates might change as IBRD's spreads change.

    IDA Terms (Effective as of July 1, 2024)

     

    Maturity

    Grace Period

    Principal Repayments

    Acceleration Clause

    Grants

    NA

    NA

    NA

    NA

    NA

    Small Economy

    40

    10

    2% for yrs. 11-20

    4% for yrs. 21-40

    Yes

    Regular

    38

    6

    3.125% for yrs. 7-38

    Yes

    Blend

    30

    5

    3.3% for yrs. 6-25

    6.8% for yrs. 26-30

    Yes

    SML

    12

    6

    16.67% for yrs. 7-12

    Yes

    50-Year Credit

    50

    10

    2.5% for yrs. 11-50

    Yes

    Guarantees

    NA

    NA

    NA

    NA

    NA

    Non-concessional Financing (Regular SUW)

    Up to 35 yrs. maximum maturity; up to 20 yrs. average maturity

    Flexible

    NA

    Notes:                                                                                                                           

     

    1-       The maturity of all IDA credits approved by the Board through June 30, 1987 is 50 years. The maturity of IDA credits approved by the Board between June 30, 1987 and June 30, 2011 are 35 or 40 years.  The maturity of credits approved between July 1, 2011 and June 30, 2014 are 25 or 40 years.      

    2-       IDA credits include an acceleration clause, providing for doubling of principal payments from creditworthy borrowers where per capita income remains above eligibility thresholds. IDA credits on hardened terms (approved during IDA13-IDA15) and non-concessional credits are exempt from the accelerated repayment provisions.    

    3-       Blend terms apply to blend countries and IDA countries with GNI per capita above the operational cutoff for more than two consecutive years, known as "gap" countries.  An exception to the GNI per capita operational cutoff for IDA eligibility has been made for some small states and small island economies (i.e. small economy terms) based on their vulnerability.

    4-       Debt service payment dates are the 1st or 15th day of a month and semi-annually thereafter, as decided by the recipient during credit negotiation.                       

    5-       Fixed rates for single-currency credits are calculated and published quarterly. Credits approved in each quarter will be subject to the rates effective for that quarter.

    6-       To ensure that IDA covers its administrative expenses and to prevent a negative interest charge, IDA applies a floor of 75 bps for the service charge and total lending rate for all currencies. The service charge is applied as a percentage of the disbursed and outstanding credit balance.                                

    7-       All IDA concessional credits are subject to a commitment charge, which is currently nil. IDA's Commitment charge is a variable charge set within a range of 0 - 0.5 percent of the undisbursed balance of IDA's credits and grants.  Executive Directors review and approve the level of the commitment charge annually.

    8-       For guarantees;

    i)                     A standby fee is applied to the undisbursed balance of the guaranteed financing and is analogous to the commitment charge on IDA credits.  The standby fee is currently fixed at 0 bps per annum, but may change per changes in commitment charges. 

    ii)                   A guarantee fee is applied on the disbursed and outstanding amounts of the guaranteed financing, in the same way service charges on IDA credits are applied.  The guarantee fee is currently fixed at 75 bps per annum, equal to the fixed level of service charges on IDA credits.

    iii)                  In addition to the standby and guarantee fees, IDA guarantees for private sector borrowers are subject to an initiation fee and a processing fee, which are one-time fees paid up-front. The initiation fee is 15 bps of the principal amount or $100,000 (whichever is higher); the processing fee is up to 50 bps of the principal amount.  The processing fee is assessed on a case by case basis and can be either waived or increased in exceptional cases.              

    i)        Fixed Rates for FY25 Q1

     

    USD

    EUR

    JPY

    GBP

    SDR

    Regular for small economy - service

    1.34%

    0.75%

    0.75%

    1.49%

    0.75%

    (10-yr grace and 40-yr maturity)

         

    Regular for IDA only – service

    1.37%

    0.75%

    0.75%

    1.51%

    0.75%

    (6-yr grace and 38-yr maturity)

         

    Blend – total

    2.80%

    1.40%

    0.98%

    2.94%

    2.00%

    Blend – service

    1.39%

    0.75%

    0.75%

    1.54%

    0.75%

    Blend – interest

    1.41%

    0.65%

    0.23%

    1.40%

    1.25%

    Notes:                                                                                                                           

     

    Coupon rate of SML and 50-year credit will be 0% in SDR, USD, JPY, GBP and EUR.

    Basis Adjustments (bps) for Regular and Blend Single-Currency Credits

     

    USD

    EUR

    JPY

    GBP

    Regular for small economy – service

    59

    0

    0

    74

    (10-yr grace and 40-yr maturity)

        

    Regular for IDA only – service

    62

    0

    0

    76

    (6-yr grace and 38-yr maturity)

        

    Blend – total

    80

    -60

    -102

    94

    Blend – service

    64

    0

    0

    79

    Blend – interest

    16

    -60

    -102

    15

     

    The basis adjustment accounts for the differences in notional interest rates between the currencies. For any given single currency-credit with a fixed rate, the basis adjustment plus the standard SDR charge for that credit equals the single currency charge. The basis adjustment is applied to ensure that the present value of total cash flows of the single-currency credit equals the present value of the equivalent SDR credit. Please note that basis adjustment for IDA service charges cannot be lower than zero since IDA applies a floor of 75 bps for the service charge on single-currency credits for all currencies.

    ii)         Non-Concessional Financing (Regular SUW)

     

    Regular Scale-Up Window (SUW) financing will be offered at IBRD Flexible Loan terms (based on Group A pricing) in USD, EUR, JPY and GBP. For pricing information please see https://treasury.worldbank.org/en/about/unit/treasury/ibrd-financial-products/lending-rates-and-fees                                                                                                                                        

  • IDA Guarantee Pricing for guarantees approved on or after October 1, 2018

     

     

    Charges

     

    Fees

              

    Private Projects

    Public Projects 
    (incl. Policy-Based Guarantees)

    IDA 

    Concessional  

    IBRD & IDA Non-Concessional

    IDA 

    Concessional 

    IBRD & IDA Non-Concessional

    Upfront Charges 
    (one-time fees charge on guarantee amount)

       Front-End   

    25bps

    -

    25bps

    Initiation

    Greater of 15bps and $100k

    Greater of 15bps and $100k

       -   

    -

           Processing1        

    50bps

    50bps

    -

    -

    Recurring Charges
    (per annum)

    Standby

    25bps

    25bps

    Guarantee2

    75bps

    50-165bps3

                 75bps                

    50-165bps3

    1. Determined on a case by case basis.  In exceptional cases, projects can be charged over 50 bps of the guarantee amount.
    2. The guarantee fee is charged on Bank’s financial exposure under the guarantee.
    3. Guarantee fee applicable to IBRD & IDA Non-Concessional Guarantees per average maturity and pricing group.  Excludes the surcharge on excess exposure. In certain cases, IBRD enclave guarantees for IDA countries may have higher pricing than the above IBRD prices.

    Guarantee Average Life

    Group A

    Group B

    Group C

    Group D

    Up to 8 years

    50 bps

    50 bps

    50 bps

    55 bps

    From 8 to 10 years

    60 bps

    60 bps

    60 bps

    65 bps

    From 10 to 12 years

    70 bps

    75 bps

    80 bps

    90 bps

    From 12 to 15 years

    80 bps

    90 bps

    100 bps

    115 bps

    From 15 to 18 years

    90 bps

    105 bps

    120 bps

    140 bps

    From 18 to 20 years

    100 bps

    120 bps

    140 bps

    165 bps

    Group A: Angola, Antigua and Barbuda, Armenia, Belize, Bolivia, Bosnia and Herzegovina, Cabo Verde, Cameroon, Congo, Republic, Dominica, Equatorial Guinea, Eswatini, Fiji, Georgia, Grenada, India, Iraq, Kenya, Lebanon, Libya, Mauritius, Moldova, Mongolia, Montenegro, Nauru, Nigeria, Pakistan, Palau, Papua New Guinea, Seychelles, Sri Lanka, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Timor-Leste, Trinidad and Tobago, Uzbekistan, Vietnam, Zimbabwe

    Group B: Albania, Algeria, Azerbaijan, Belarus, Colombia, Dominican Republic, Ecuador, Egypt, El Salvador, Gabon, Guatemala, Indonesia, Iran, Jamaica, Jordan, Morocco, Namibia, North Macedonia, Paraguay, Peru, Philippines, Serbia, South Africa, Thailand, Tunisia, Turkmenistan, Ukraine, Venezuela

    Group C: Argentina, Brazil, Botswana, Bulgaria, China, Costa Rica, Kazakhstan, Malaysia, Mexico, Romania, Russian Federation, Turkey

    Group D: Chile, Croatia, Panama, Poland, Uruguay

     


  • IDA Scale-Up Window Rates - Variable Spreads (1) as of  July 1, 2024 (2)(4)

     

    Average Maturity Bucket (5)

    up to 8 years

    8+ to 10 yrs

    10+ to 12 yrs

    12+ to 15 yrs

    15+ to 18 yrs

    18+ to 20 yrs

    USD

    SOFR + 0.94 %SOFR + 1.04 %SOFR + 1.14 %SOFR + 1.24 %SOFR + 1.34 %SOFR + 1.44 %

    EUR

    EURIBOR + 0.51 %EURIBOR + 0.61 %EURIBOR + 0.71 %EURIBOR + 0.81 %EURIBOR + 0.91 %EURIBOR + 1.01 %

    JPY

    TONA + 0.30 %TONA + 0.40 %TONA + 0.50 %TONA + 0.60 %TONA + 0.70 %TONA + 0.80 %

    GBP

    SONIA + 0.94 %SONIA + 1.04 %SONIA + 1.14 %SONIA + 1.24 %SONIA + 1.34 %SONIA + 1.44 %
    Front-End Fee0.25%
    Commitment Fee0.25%

    For SOFR, TONA, SONIA the spread is compounded in arrears for a six-month interest rate period, for EURIBOR it is the EURIBOR 6-months.

    1. IBRD lending rates include a standard lending spread comprising a contractual spread of 0.50% and, where applicable, an annual maturity premium. The lending rate also includes a charge to cover the bank's cost to fund the loans relative to the base lending rate and a market risk premium (for fixed spreads). DDO disbursements are priced at the prevailing spread over 6-Month LIBOR at the time of drawdown. Effective July 1, 2018, there is a surcharge of 50 basis points per annum on loan balances in excess of $16.5 billion for Brazil, in excess of $17 billion for China and Mexico, and in excess of $18.5 billion for India and Indonesia.
    2. Lending rates for loans approved between June 30, 2010 and June 30, 2014, and loans for which the invitation to Negotiate was issued on or before June 30, 2014 and approved by the Executive Directors on or before September 30, 2014, include an annual maturity premium of 0.10% for loans with average repayment maturities of greater than 12 to 15 years, or 0.20% for loans with average repayment maturities of greater than 15 to 18 years. For loans approved after June 30, 2014 (with the exception of those for which the Invitation to Negotiate was issued on or before June 30, 2014 and approved by the Executive Directors on or before September 30, 2014), please refer to the February 11, 2014 news announcement. For loans for which the invitation to negotiate was issued on or before June 30, 2018 and approved by the Executive Directors on or before September 30, 2018, please refer to Table - Grandfathered Loans.
    3. The fixed spread is determined at loan signing and remains constant over the life of the loan. “Fixed Spread” means the Bank's fixed spread for the initial loan currency in effect at 12:01 a.m. Washington, D.C. time, one calendar day prior to the date of the Loan Agreement.
    4. As of April 1, 2017, IBRD calculates the average funding spread component of the Variable Spread on a quarterly basis.
    5. As measured by average repayment maturity of the loan at commitment (i.e. Board approval). The calculation of the average repayment maturity for DDOs will begin at loan effectiveness for the determination of the applicable maturity premium.
    6. All new Euro-denominated loans for which the invitation to negotiate was issued on or after July 31, 2010 will have Euribor as the base lending rate.
    7. Development Policy Loans (DPL) with a Deferred Drawdown Option (DPL DDO) carry a 0.25% front-end fee, plus a stand-by fee of 0.50%. DPLs with a Catastrophe Risk DDO (Cat DDO) carry a 0.50% front-end fee, plus a 0.25% renewal fee.
    8. In addition to the above, a commitment fee of 0.25% is charged on undisbursed balances and begins accruing 60 days after the Loan Agreement is signed. The Bank does not charge commitment fee for loans that fail to become effective.

     

    Transaction fees for IDA SUW Conversions

    Applicable transaction fees for loan conversions are the same as for the IBRD Flexible Loan (IFL). Please see conversion fees.

    LIBOR +0.59%

    LIBOR +0.59%

  • The General Conditions are incorporated by reference in all loan, credit, guarantee and financing agreements. Specific provisions of the General Conditions are also incorporated in other legal agreements. Read more about the General Conditions

    General Conditions for IDA Financing

    IDA Lending Terms