WASHINGTON, February 6, 2012 — The International Bank for Reconstruction and Development (IBRD) today announces the following changes to the fees for Development Policy Loans (DPLs) with a Deferred Drawdown Option (DPL-DDO):
- The front-end fee has decreased from 0.75% to 0.25%, the same front-end fee charged on regular IBRD loans.
- A stand-by fee of 0.50% per annum will be charged on undisbursed balances, accruing from the date of effectiveness of the loan.
- The renewal fee of 0.50% has been eliminated.
There are no changes to the pricing structure of DPLs with regular terms or DPLs with Catastrophe Deferred Drawdown Options (Cat DDO) at this time. These changes will affect all new DPL-DDOs approved by the Bank on or after February 3, 2012.
For more information about this change, please send us an email at FAB@worldbank.org.