Tables


TABLE 1. OPERATIONAL AND FINANCIAL OVERVIEW, FISCAL YEARS 1993-97 (millions of US dollars unless otherwise noted)

	Item	FY93	FY94	FY95	FY96	FY97

	IBRD
	Commitments	16,945	14,244	16,853	14,656	14,525
	Disbursements	12,942	10,447	12,672	13,372	13,998
	Net disbursements to all borrowers	2,331	(731)	897	1,213	2,094
	Net disbursements to current borrowers,	2,865	19	1,651	2,100	3,258
	excluding prepayments	3,319	983	2,238	2,882	4,301
	Net income	1,130	1,051	1,354	1,187	1,285
	Financial return on average investments	6.07 %	3.53 %	5.69 %	4.43 %	5.00 %
	New MLT borrowings in FY after swaps	12,676	8,908	9,026	10,883	15,139
	Average cost of new MLT borrowings in FY after swaps	5.97 %	4.99 %	6.31 %	5.28 %	5.01 %
	Subscribed capital	165,589	170,003	176,438	180,630	182,426
	Statutory lending limit	179,787	185,865	195,248	197,785	198,705
	Loans and callable guarantees outstanding	104,606	109,468	123,676	110,369	105,954
	as a % of statutory lending limit	58 %	59 %	63 %	56 %	53 %
	Headroom	75,181	76,397	71,572	87,416	92,751
	Interest coverage ratio	1.16 %	1.16 %	1.19 %	1.18 %	1.22 %
	Reserves-to-loans ratio	11.7 %	13.9 %	14.3 %	14.1 %	14.0 %

	IDA
	Commitments	6,752	6,592	5,669	6,861	4,622
	Disbursements	4,947	5,532	5,703	5,884	5,979
	Net disbursements	4,580	5,110	5,205	5,322	5,364
	Development credits outstanding	56,158	62,810	72,032	72,821	76,124
	Accumulated surplus	1,194	1,365	1,995	1,790	1,998

	IBRD/IDA Joint Activities
	Administrative expenses	1,254	1,389	1,540	1,376	1,188

	Excludes guarantees and loans to the IFC.
	Includes the refinanced/rescheduled overdue charges of $168 million for Bosnia and Herzegovina.