The end of LIBOR as a reference rate is one of the most significant changes for financial markets in recent times. The World Bank has been working to facilitate a smooth and orderly transition to new reference rates. Starting January 1, 2022, all World Bank loans, except for the existing USD fixed-spread loans, will only be offered in, or gradually switch to, alternative reference rates (such as SOFR, EURIBOR, SONIA and TONA). This course will guide you through the World Bank’s LIBOR transition process for borrowers, and the transition’s impact on the IBRD Flexible Loan and billing practices. Module 1: Overview Potential implications of the LIBOR transition to the World Bank and its borrowers and what the World Bank is doing to prepare for a smooth transition. Module 2: Impact on IBRD Flexible Loan LIBOR transition’s impact on pricing and key characteristics of the IBRD Flexible Loan. Module 3: Impact on Billing
About Open Learning Campus
All registered users of OLC can experience its impact of new features. If you are already registered with OLC you can directly sign in to the new system. If you are a new user then do register to avail of the dynamic learning opportunities from WBG to deepen your knowledge and skills on a variety of development related topics. For example, you will have access to timely resources such as:
- Ted like video talks
- Formal learnings (i.e., Self-paced courses/Facilitated Courses/MOOCs)
- Live events and Knowledge Exchanges
- Communities of Practice
You will have access to an extensive catalog of resources through which you can search and discover relevant learning materials.
How to Access the Course Content
To access the course content, please follow the below registration steps:
- Open https://wbg.edcast.com/
- Navigate to “No account?” and select “Create one!”. Select “Next” to continue with the next step.
- Enter the code that you received via email at the “Enter Code” field. Select “Sign in” to continue with the next step.
- Fill in your First and Last Names and select a preferred communication language. Select “Next” to continue with the next step.
- Select up to five learning goals. Select “Next” to continue with the next step.
- Select up to five skills. Select “Next” to continue with the next step.
- Congratulations and welcome to OLC! Select "First Things First" to start your learning journey!