WASHINGTON, October 17, 2022—Effective today, the World Bank has placed all International Bank for Reconstruction and Development (IBRD) loans to, or guaranteed by, the Republic of Belarus into non-performing status. This action has been taken in accordance with the World Bank’s established procedure of placing all IBRD loans to, or guaranteed by, a country in non-performing status if payment on any loan is overdue by more than six months. IBRD previously had suspended loan disbursements to the Republic of Belarus.
As of October 14, 2022, overdue payments owed by the Republic of Belarus to IBRD amounted to US$ 68.43 million equivalent. The principal amount outstanding on IBRD loans is US$ 967 million, or 0.42 percent of IBRD’s total outstanding loans. The effect on IBRD of Belarus loans being placed in non-performing status is a charge to income of about US$ 12.75 million equivalent.
On March 2, 2022, the World Bank Group stopped all its programs in Belarus. There has been no new lending approved to Belarus since May 2020.