[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111077-en":3,"doc-seo-111077-105":31,"detail-sidebar-cat-0-en-105":93},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},111077,1099513958762,"Logic","https://ap-avatar.wpscdn.com/avatar/1000023916a998db790?x-image-process=image/resize,m_fixed,w_180,h_180&k=1784791008015729253",8,"Research & Report","REVIEW OF IMPLEMENTATION AND UTILIZATION OF SHORTER-MATURITY LOANS - Development Finance, Corporate IDA & IBRD (DFCII) - November 22, 2023","The report reviews how Shorter-Maturity Loans (SMLs) were implemented and utilized, and it outlines future directions for SMLs in the context of the World Bank Evolution Roadmap. Introduced in IDA20 to support countries facing heightened financing needs from COVID-19 and overlapping crises, SMLs expand IDA capacity through temporary capital before full leverage is reached. It summarizes features, eligibility criteria, allocation structures, maturity and concessionality terms, and tracks commitments through FY24 Q1 using PBA-SMLs and SUW-SMLs.","Public Disclosure Authorized Public Disclosure Authorized  \nREVIEW OF IMPLEMENTATION AND UTILIZATION OF SHORTER-MATURITY  \nLOANS  \nDevelopment Finance, Corporate IDA & IBRD (DFCII)  \nNovember 22, 2023  \nACRONYMS AND ABBREVIATIONS  \nFiscal Year (FY) = July 1 to June 30 All dollar amounts are US dollars.  \nAFE  \nBSOs  \nCat-DDOs  \nCMUs  \nDPF  \nDSA  \nDSC  \nEFI  \nFCS  \nFCV  \nGCRF  \nIDA  \nIDA19  \nIDA20  \nIFIs  \nIPF  \nWBG  \nAfrica Eastern and Southern  \nBalance Sheet Optimization Catastrophe Deferred Drawdown Option  \nCountry Management Units Development Policy Financing Debt Sustainability Analysis Deployable Strategic Capital Equitable Growth, Finance and Institutions  \nFragile and Conflict-Affected Situations  \nFragility, Conflict and Violence Global Crises Response Framework International Development Association  \n19th Replenishment of IDA  \n20th Replenishment of IDA International Financial Institutions Investment Project Financing World Bank Group  \nLIC-DSF  \nMTR  \nNCB  \nPBA  \nPBA-SMLs  \nPforR  \nPPA  \nSAR  \nSDFP  \nSMLs  \nSUW  \nSUW-SMLs  \nLow-Income Countries Debt Sustainability Framework  \nMid-Term review  \nNon-Concessional Borrowing Performance Based Allocations  \nSMLs offered through PerformanceBased Allocation  \nProgram-for-Results Performance and Policy Actions South Asia Region  \nSustainable Development Finance Policy  \nShorter-Maturity Loans Scale Up Window  \nSMLs offered through Scale-up Window  \nTABLE OF CONTENTS  \nEXECUTIVE SUMMARY ........................................................................................................... i  \nI. INTRODUCTION................................................................................................................ 1  \nII. STRATEGIC CONTEXT FOR THE INTRODUCTION OF SHORTER-MATURITY LOANS.................................................................................................................................. 1  \nIII. SUMMARY OF FEATURES, FINANCING ENVELOPE AND ELIGIBILITY CRITERIA............................................................................................................................ 2  \nIV. IMPLEMENTATION AND PROGRESS UPDATE........................................................ 4  \nV. LESSONS LEARNED FROM IMPLEMENTATION..................................................... 8  \nVI. LOOKING FORWARD.................................................................................................... 10  \nVII. ISSUES FOR DISCUSSION............................................................................................. 11  \nLIST OF ANNEXES  \nAnnex 1. Countries Eligible for Scale Up Window Shorter-Maturity Loans in FY23 ................. 12  \nAnnex 2. Countries Eligible for Scale Up Window Shorter-Maturity Loans in FY24 ................. 14  \nAnnex 3. List of Approved Operations Using Shorter-Maturity Loans ....................................... 15  \nTABLE OF FIGURES AND BOXES  \nFIGURES  \nFigure 4. 1. PBA SML FY23 Allocation vs Commitments by Region .......................................... 4  \nFigure 4. 2. SUW-SML FY23 Allocations vs Commitments by Region ....................................... 5  \nFigure 4. 3. SML Commitments by Lending Eligibility Group FY23 (FY23-FY24 Q1) .............. 5  \nFigure 4. 4. SML Commitments by Region (FY23-FY24 Q1) ...................................................... 6  \nFigure 4. 5. SML Commitments by Practice Groups (FY23-FY24 Q1) ........................................ 6  \nFigure 4. 6. SML Commitments by Lending Instrument (FY23-FY24 Q1) .................................. 7  \nBOXES  \nBox 4. 1. A tool for maximizing concessionality: the Case of Tanzania........................................ 8  \nBox 5. 1. A Client’s perspective on SMLs: Madagascar ................................................................ 9  \nEXECUTIVE SUMMARY  \ni. This paper reviews the implementation and utilization of Shorter-Maturity Loans (SMLs) and provides an opportunity to reflect on the future direction of SMLs, especially","cbCait4asiYniFSl","https://ap.wps.com/l/cbCait4asiYniFSl","pdf",1029334,5,1,21,"English","en",105,"# Executive Summary\n# Introduction\n# Strategic Context for the Introduction of Shorter-Maturity Loans\n# Summary of Features, Financing Envelope and Eligibility Criteria\n# Implementation and Progress Update\n# Lessons Learned from Implementation\n# Looking Forward\n# Issues for Discussion\n# Annexes","[{\"question\":\"Why were Shorter-Maturity Loans introduced in IDA20?\",\"answer\":\"They were introduced to support IDA countries facing heightened financing needs created by the COVID-19 pandemic and exacerbated by multiple overlapping crises.\"},{\"question\":\"How are SMLs allocated between PBA-SMLs and SUW-SMLs?\",\"answer\":\"Eligible countries receive a share of total Country Allocations through PBA-SMLs, while SUW-SMLs are determined at the regional level.\"},{\"question\":\"What are the key financial and concessional terms of SMLs?\",\"answer\":\"SMLs have a 12-year final maturity, a 6-year grace period, zero interest or service charges, and 36% concessionality, and they can finance any type of lending instrument.\"}]","REVIEW OF IMPLEMENTATION AND UTILIZATION OF SHORTER-MATURITY LOANS - Development Finance, Corporate IDA & IBRD (DFCII) - November 22, 2023 | PDF",1784488468,53,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":88,"head_meta":90,"extra_data":92,"updated_unix":29},"review-of-implementation-and-utilization-of-shorter-maturity-loans-development-finance-corporate-ida-ibrd-dfcii-november-22-2023","",{"@graph":37,"@context":87},[38,55,70],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":54},"https://docshare.wps.com/document/review-of-implementation-and-utilization-of-shorter-maturity-loans-development-finance-corporate-ida-ibrd-dfcii-november-22-2023/111077/",4,{"url":53,"name":13,"@type":56,"author":57,"headline":13,"publisher":59,"fileFormat":62,"inLanguage":24,"description":14,"dateModified":63,"datePublished":64,"encodingFormat":62,"isAccessibleForFree":65,"interactionStatistic":66},"DigitalDocument",{"name":9,"@type":58},"Person",{"url":42,"name":60,"@type":61},"DocShare","Organization","application/pdf","2026-08-01","2026-07-19",true,{"@type":67,"interactionType":68,"userInteractionCount":20},"InteractionCounter",{"@type":69},"ViewAction",{"@type":71,"mainEntity":72},"FAQPage",[73,79,83],{"name":74,"@type":75,"acceptedAnswer":76},"Why were Shorter-Maturity Loans introduced in IDA20?","Question",{"text":77,"@type":78},"They were introduced to support IDA countries facing heightened financing needs created by the COVID-19 pandemic and exacerbated by multiple overlapping crises.","Answer",{"name":80,"@type":75,"acceptedAnswer":81},"How are SMLs allocated between PBA-SMLs and SUW-SMLs?",{"text":82,"@type":78},"Eligible countries receive a share of total Country Allocations through PBA-SMLs, while SUW-SMLs are determined at the regional level.",{"name":84,"@type":75,"acceptedAnswer":85},"What are the key financial and concessional terms of SMLs?",{"text":86,"@type":78},"SMLs have a 12-year final maturity, a 6-year grace period, zero interest or service charges, and 36% concessionality, and they can finance any type of lending instrument.","https://schema.org",{"og:url":53,"og:type":89,"og:title":13,"og:site_name":60,"og:description":14},"article",{"robots":91,"canonical":53},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":94},[95,99,103,107,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":96,"show_sort_weight":97,"slug":98},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":100,"show_sort_weight":101,"slug":102},"Literature",80,"literature",{"id":54,"doc_module":4,"doc_module_name":47,"category_name":104,"show_sort_weight":105,"slug":106},"Exam",70,"exam",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":20,"slug":139},19,"General","general"]