IBRD Funding Program

The World Bank is the world's largest source of development assistance, providing about $20 billion in loans annually to its member countries. Using its twin goals of reducing poverty and increasing shared prosperity, the World Bank uses its financial resources, its highly trained staff, and its extensive knowledge base to help each developing country onto a path of stable, sustainable, and equitable growth. Through its activities in the capital markets, the World Bank is able to fund projects in member countries in areas such as health, education, and essential infrastructure. It also works with countries on important cross cutting priorities such as job creation, gender equality, environmental protection and climate change activities.

In August 2016, the World Bank priced the very first Special Drawing Rights ( “SDR” )-denominated bond in the PRC National Interbank Bond Market (the “Interbank Market” ). The International Bank for Reconstruction and Development 2016 SDR Denominated Bonds (Series 1) (the “SDR Denominated Bond” ) raised SDR 500 million (approximately equivalent to USD 700 million), have a maturity of 3 years and a coupon of 0.49% per annum. All payments will be made in Chinese renminbi (RMB).

The SDR Denominated Bonds were issued under the World Bank’s new SDR Denominated Issuance Program that was approved on August 12, 2016, by the People’s Bank of China (PBOC), with a total size of SDR 2 billion (approximately equivalent to USD 2.8 billion).

SDRs (Special Drawing Rights) are an international reserve asset created by the International Monetary Fund (IMF) in 1969 to supplement its member countries' official reserves. The value of the SDR is currently based on four major currencies: the U.S. dollar, euro, Japanese yen and British pound. The Chinese renminbi will join the SDR basket of reserve currencies on October 1, 2016.

The World Bank (IBRD) raises USD 50-60 billion in the international capital markets each year, by offering investors a variety of products in over 20 currencies. The new SDR program in China is part of the World Bank’s strategy to open and support the development of new markets and will expand World Bank’s product offerings, attracting new domestic and international investors to World Bank bonds.

International Bank for Reconstruction and Development
2016 SDR Denominated Bonds (Series 1)
Documents Available For Inspection As Per Section 19 Of The Offering Circular

Per Term (17) of the Bonds, IBRD and the Calculation Agent hereby notify the Bondholders of the US dollar Amount, the Euro Amount, the Yen Amount, the Sterling Amount and the Renminbi Amount of the SDR as of October 1, 2016.

These Currency Amounts will be used to calculate interest payable under Term (17) and principal payable under Term (25) of the Bonds.

PBOC Approval to the Issue of Bonds on the Interbank Market
Trung quốc nhân dân ngân hành tựu phát hành nhân vu ngân hành gian thị tràng phát hành bổn trái khoán đích phê chuẩn văn kiện phó bổn

IBRD's Articles of Agreement as Amended effective June 27, 2012
Tối tân đích phát hành nhân 《 hiệp định điều khoản 》 phó bổn ( anh văn )

Legal Opinion of the Chief Counsel of Legal Finance of IBRD in Relation to the Establishment of the Programme
Phát hành nhân pháp luật dung tư bộ tổng pháp luật cố vấn quan vu thiết lập bổn hạng mục đích pháp luật ý kiến thư ( thiêm tự đích trung văn phó bổn cập kỳ anh văn bổn )

Legal Opinion of King & Wood Mallesons in Relation to the Bonds
Bắc kinh thị kim đỗ luật sư sự vụ sở tựu bổn kỳ trái khoán phát hành xuất cụ đích pháp luật ý kiến thư ( trung văn )

Consent of KPMG in Relation to the Bonds
Tất mã uy hội kế sư sự vụ sở đồng ý hàm ( anh văn phó bổn cập kỳ trung văn dịch văn )

Summary of Significant Differences between U.S. GAAP and PRC ASBE
Mỹ quốc công nhận hội kế chuẩn tắc dữ trung quốc xí nghiệp hội kế chuẩn tắc nhược càn soa dị bỉ giác

Information Statement
《 tín tức thuyết minh thư 》 ( anh văn )

Management's Discussion & Analysis and Financial Statements
《 quản lý tằng thảo luận dữ phân tích cập tài vụ báo biểu 》 ( anh văn )

World Bank's Annual Report
Thế giới ngân hành niên độ báo cáo ( trung văn )

Ratings Reports | Standard & Poor's Credit reports | Moody's Investors Service Credit reports
Phát hành nhân đích ly ngạn tín dụng bình cấp đích tối tân tín dụng bình cấp báo cáo phó bổn ( anh văn ) • tiêu chuẩn phổ nhĩ kim dung phục vụ hữu hạn trách nhậm công tư | mục địch đầu tư giả phục vụ công tư

DISCLAIMER

Important Notice: The documents referred to above and the information set forth therein (collectively, the “Content” ) does not constitute a recommendation of the bonds referred to. It merely provides information of a general nature and is not a recommendation to acquire the bonds, an offer to sell or issue the bonds or the solicitation of an offer to purchase or invitation to tender or subscribe for the bonds. Nothing set forth in the Content, nor the fact of its publication, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. Any offer and sale of the bonds referred to herein will solely take place on the basis of an offering circular prepared by the International Bank for Reconstruction and Development in connection with the bonds. A decision to invest in the bonds must not be made solely in reliance on the Content but should be taken on the basis of the offering circular. The bonds will only be offered to institutional investors of the Interbank Bonds Market in the People’s Republic of China (excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan, China).

The International Bank for Reconstruction and Development expressly disclaims any obligation to keep the Content up to date or free of errors or viruses, or to maintain uninterrupted access to this web site. The Content is current only as of the date of the documents referred to above.