International Bank for Reconstruction and Development (IBRD) Board of Governors Resolution - No. 701 - Allocation of FY23 Net Income

Jul 19, 2026

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This document presents the resolution adopted by the Board of Governors of the International Bank for Reconstruction and Development (IBRD) on October 13, 2023, concerning the allocation of FY23 net income. The resolution notes with approval the Report of the Executive Directors dated August 3, 2023, regarding the allocation of FY23 net income. It details the appropriation of $921 million to the General Reserve of the IBRD, with minor rounding adjustments. Furthermore, it approves the transfer of $291 million from the IBRD's FY23 net income to the International Development Association as a grant. This grant is intended to supplement the Association's financing capabilities, enabling it to provide funds in the form of grants in addition to loans. The resolution specifies that this transfer shall be drawn down by the Association immediately upon the Board of Governors' approval. Finally, it mandates the allocation of $100 million to surplus for the IBRD.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Board of Governors

Resolution No. 701

Allocation of FY23 Net Income

FAQs

What is the purpose of Resolution No. 701?

Resolution No. 701 pertains to the allocation of the International Bank for Reconstruction and Development's (IBRD) net income for the fiscal year 2023.

How much of the FY23 net income is allocated to the IBRD's General Reserve?

The resolution notes with approval the addition of $921 million, plus or minus any rounding less than $1 million, to the General Reserve of the IBRD.

What is the total amount transferred to the International Development Association (IDA)?

The IBRD transfers $291 million to the International Development Association by way of a grant from its FY23 net income. This amount can be used by the Association for grants in addition to loans.

Jul 19, 2026

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