Fiscal 2000 Highlights
• Steady improvements in the quality of ongoing projects mean that billions of dollars are having a much greater beneficial impact on development. The share of projects at risk of not achieving their development objectives fell to an estimated 15 percent of the total in fiscal 2000, or roughly half the rate of fiscal 1996.
• New lending commitments declined to $15.3 billion, as peak demands from last year’s IBRD "crisis" countries subsided in line with the strong global economic recovery.
• Seven countries qualified for debt relief under the enhanced Initiative for Heavily Indebted Poor Countries, six of them in Africa. Relief from all creditors to these seven countries, under the enhanced framework, is expected to amount to $8.4 billion over time.
• The Bank and the International Monetary Fund began to help countries prepare Poverty Reduction Strategies, which are becoming the basis for debt relief and concessional lending by the Bank, the Fund, and other development partners.
• The Bank announced up to $1 billion support to help IDA borrowers combat HIV/AIDS, and to address priority social problems with cross-border or global dimensions–with a special focus on Africa, and active partnership in the Global Alliance for Vaccines and Immunization.
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|
The World Bank in Fiscal 2000
Selected Data
(millions of U.S. dollars)
|
|
Fiscal 2000 |
Fiscal 1999 |
| Lending |
|
|
| New Commitments |
|
|
| IBRD |
10,919 |
22,182 |
| IDAa |
4,358 |
6,813 |
| Totala |
15,276 |
28,995 |
|
| IBRD Loans outstanding |
120,104 |
117,228 |
| IDA Credits outstanding |
86,643 |
83,666 |
| Disbursements |
|
|
| IBRD |
13,332 |
18,215 |
| IDAa |
5,177 |
6,023 |
| Totala |
18,509 |
24,238 |
|
| IBRD Finances |
|
|
| Net income |
1,991 |
1,518 |
| Borrowings outstandingb |
110,379 |
115,739 |
| Subscribed capital |
188,606 |
188,220 |
| Equity capital-to-loans ratio |
21.2% |
20.7% |
|
| Cofinancing and Trust Funds |
|
|
| Cofinancing |
9,341 |
11,350 |
| Cofinancing/World Bank Lending ratio |
14.4% |
39.1% |
| Trust Fund Contributionsc |
1,769 |
1,568 |
| Trust Fund Disbursementsc |
1,659 |
1,333 |
|
| a. Excludes IDA HIPC grants but includes Interim Trust Fund. |
| b. Before swaps, net of premium/discount. |
| c. Includes all World Bank Group trust funds. |
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