Lending:Quality Up

Lending By Region & Sector

Economic & Sector Work

Financial &
Operational Results

IBRD Financial Results

Money Fiscal 2001

IBRD Operations

IDA Operational Results

Lending: Quality UP, Volume Up

• The quality of ongoing IDA operations continued to improve, with fewer projects at risk than last year.
• The size of IDA’s active project portfolio increased to 735 from 729 in fiscal 2000 as a result of a significantly larger number of new approvals (134 operations in fiscal 2001 compared with an annual average of 127 in the last five years).
• New IDA commitments reached $6.8 billion compared with $4.4 billion in fiscal 2000. Contributing to this rise was $1.4 billion in new commitments to three countries (Ethiopia, Kenya, and Pakistan) that had received no new IDA financing in fiscal 2000.
• The share of adjustment lending increased to 27 percent from 16 percent in fiscal 2000 as a result of a number of large adjustment loans, including the first two PRSCs approved for Uganda and Vietnam.

Lending by Region and Sector

• IDA lending increased in all Regions, except in the Middle East and North Africa Region, which maintained last year’s lending levels. IDA lending to the Africa Region ($3.4 billion) reached 50 percent of total new IDA commitments, and included several Africa-wide programs–a concerted response to the HIV/AIDS crisis, help to adjust to oil price shocks, promotion of regional trade, and post-conflict reconstruction support. Ethiopia was the largest IDA borrower in fiscal 2001 ($667 million), followed by Vietnam ($629 million) and India ($520 million).
• IDA support for human development–education, health/nutrition/population (including HIV/AIDS), and social protection–reached $2.2 billion (representing a $600 million increase compared to fiscal 2000).
• Other priorities were economic reform and public sector management ($1.3 billion), infrastructure development ($0.9 billion), finance and private sector development ($1 billion, representing an almost $600 million increase over last year), and rural development and the environment ($1 billion).

Economic and Sector Work (ESW)

• One hundred and five ESW products were delivered for IDA-eligible countries in fiscal 2001, slightly less than the previous year’s total of 119.
• Core diagnostic reports, numbering 24, covered poverty, social and structural analysis, public expenditure management, financial accountability assessments, and procurement assessments, helping countries to improve governance, financial discipline, and the targeting of public expenditures on poverty reduction.
• Other diagnostic and advisory reports centered on education and rural, social, and private sector development.
• The Africa Region accounted for 36 percent of total ESW deliveries, followed by South Asia (23 percent) and ECA (14 percent).