[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-113546-en":3,"doc-seo-113546-105":29,"detail-sidebar-cat-0-en-105":90},{"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":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},113546,7971461741311,"Ophelia","https://ap-avatar.wpscdn.com/avatar/74000253aff267980c6?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779345379180704826",8,"Research & Report","The World Bank Annual Report 2020 - Vol 3 of 3 - Management Discussion and Financial Statements","Annual Report 2020 covers the International Bank for Reconstruction and Development (IBRD) management’s discussion and analysis and financial statements for the fiscal year ended June 30, 2020. The report includes an executive summary and structured sections on financial results, lending and other development activities, investment and borrowing activities, capital and pension matters, risk management, fair value analysis, contractual obligations, and governance and controls. It also provides selected financial data and definitions through an appendix with glossary and abbreviations.","Public Disclosure Authorized Public Disclosure Authorized  \nAnnual Report 2020  \nThe International Bank for Reconstruction and Development (IBRD) and The International Development Association (IDA)  \nManagement's Discussion & Analysis and Financial Statements (Fiscal 2020)  \nJune 30, 2020  \nInternational Bank for Reconstruction and  \nDevelopment  \nManagement’s Discussion & Analysis  \nand Financial Statements June 30, 2020  \nContents  \n\n| Section I: Executive Summary | Financial Results and Portfolio Performance Key Performance Indicators | 3 5 |\n| --- | --- | --- |\n| Section II: Overview | Introduction\u003Cbr>Presentation\u003Cbr>Financial Business Model\u003Cbr>Basis of Reporting | 6 6\u003Cbr>6 8 |\n| Section III: Financial Results | Summary of Financial Results\u003Cbr>Net Income\u003Cbr>Net Income Allocation | 10\u003Cbr>11\u003Cbr>16 |\n| Section IV: Lending Activities | Net Lending Commitments and Gross Disbursements Lending Categories\u003Cbr>Currently Available Lending Products\u003Cbr>Discontinued Lending Products\u003Cbr>Waivers | 19\u003Cbr>20\u003Cbr>21\u003Cbr>23\u003Cbr>23 |\n| Section V: Other Development Activities | Guarantees\u003Cbr>Grants\u003Cbr>Externally-Funded Activities | 25\u003Cbr>27\u003Cbr>27 |\n| Section VI: Investment Activities | Liquid Asset Portfolio\u003Cbr>Other Investments | 29\u003Cbr>30 |\n| Section VII: Borrowing Activities | Medium-and Long-Term Borrowings | 33 |\n| Section VIII: Capital Activities | Capital Structure Usable Equity | 34\u003Cbr>35 |\n| Section IX: Risk Management | Risk Governance\u003Cbr>Risk Oversight and Coverage\u003Cbr>Management of IBRD’s Risks\u003Cbr>Capital Adequacy\u003Cbr>Coronavirus Disease 2019 (COVID-19) Outbreak Market Risk\u003Cbr>Operational Risk | 37\u003Cbr>37\u003Cbr>40\u003Cbr>40\u003Cbr>41\u003Cbr>48\u003Cbr>52 |\n| Section X: Fair Value Analysis | Effect of Interest Rates\u003Cbr>Effect of Credit\u003Cbr>Changes in Accumulated Other Comprehensive Income | 54\u003Cbr>54\u003Cbr>55 |\n| Section XI: Contractual Obligations | Contractual Obligations | 58 |\n| Section XII: Pension and Other Post-Retirement Benefits | Governance\u003Cbr>Funding and Investment Policies\u003Cbr>Environmental, Social and Governance (ESG) Policies Projected Benefit Obligation | 59\u003Cbr>59\u003Cbr>60\u003Cbr>60 |\n| Section XIII: Critical Accounting Policies and The Use of | Provision for Losses on Loans and Other Exposures | 61 |\n| Estimates | Fair Value of Financial Instruments\u003Cbr>Pension and Other Post-Retirement Benefits | 61\u003Cbr>62 |\n| Section XIV: Governance and Controls | Business Conduct\u003Cbr>General Governance\u003Cbr>Executive Directors\u003Cbr>Audit Committee\u003Cbr>Auditor Independence\u003Cbr>External Auditors\u003Cbr>Senior Management Changes\u003Cbr>Internal Control | 63\u003Cbr>63\u003Cbr>63\u003Cbr>64\u003Cbr>64\u003Cbr>65\u003Cbr>65\u003Cbr>65 |\n| Appendix | Glossary of Terms\u003Cbr>Abbreviations and Acronyms\u003Cbr>Eligible Borrowing Member Countries by Region List of Tables, Figures and Boxes | 66\u003Cbr>67\u003Cbr>68\u003Cbr>68 |\n\nIBRD MANAGEMENT’S DISCUSSION AND ANALYSIS: JUNE 30, 2020 1  \nThis Management’s Discussion and Analysis (MD&A) discusses the financial results of the International Bank for Reconstruction and Development (IBRD) for the fiscal year ended June 30, 2020 (FY20). For information relating to IBRD’s development operations’ results and corporate performance, refer to the World Bank Corporate Scorecard and Sustainability Review.  \nBox 1: Selected Financial Data  \nIn millions of U. S. dollars, except ratios which are in percentages  \n As ofand for the fiscal years ended June 30  2020 2019 2018 2017 2016  \nLending Highlights (See Section IV)  \nNet commitmentsa  \nGross disbursementsb Net disbursementsb  \nReported Basis  \nIncome Statement (See Section III) Board of Governors-approved and other transfers  \nNet (loss) / Income  \nBalance Sheet  \nTotal assets  \nNet investment portfolio (See Section VI) Net loans outstanding (See Section IV) Borrowing portfolio (See Section VII)  \n$  \n$  \n$  \n27,976 20,238 10,622  \n(340)(42)  \n296,804 82,485 202,158 237,231  \n$ 23,191  \n20,182  \n10,091  \n$ (338) 505  \n$ 283,031 81,127  \n192,752 228,763  \n$ 23,002  \n17,389  \n5,638  \n$ (178) 698  \n$ 263,800 73,492  \n183,588 213,652  \n$ 22,611  \n17,861  \n8,731  \n$ (","cbCaicYuiVPTgSA9","https://ap.wps.com/l/cbCaicYuiVPTgSA9","pdf",3123719,1,251,"English","en",105,"# Section I: Executive Summary\n# Section II: Overview\n## Introduction\n## Presentation\n## Financial Business Model\n## Basis of Reporting\n# Section III: Financial Results\n## Summary of Financial Results\n## Net Income\n## Net Income Allocation\n# Section IV: Lending Activities\n## Net Lending Commitments and Gross Disbursements\n## Lending Categories\n## Currently Available Lending Products\n## Discontinued Lending Products\n## Waivers\n# Section V: Other Development Activities\n## Guarantees\n## Grants\n## Externally-Funded Activities\n# Section VI: Investment Activities\n## Liquid Asset Portfolio\n## Other Investments\n# Section VII: Borrowing Activities\n## Medium-and Long-Term Borrowings\n# Section VIII: Capital Activities\n## Capital Structure\n## Usable Equity\n# Section IX: Risk Management\n## Risk Governance\n## Risk Oversight and Coverage\n## Management of IBRD’s Risks\n## Capital Adequacy\n## Coronavirus Disease 2019 (COVID-19) Outbreak Market Risk\n## Operational Risk","[{\"question\":\"What fiscal period does the IBRD Management’s Discussion and Analysis cover?\",\"answer\":\"It covers the fiscal year ended June 30, 2020 (FY20).\"},{\"question\":\"Which major topic areas are included in the report’s sections?\",\"answer\":\"Key areas include financial results, lending activities, other development activities, investment and borrowing activities, capital activities, and risk management. It also includes fair value analysis and governance and controls.\"},{\"question\":\"What financial highlights are presented in Box 1?\",\"answer\":\"Box 1 provides selected financial data in millions of U.S. dollars, such as net commitments, gross disbursements, net disbursements, income statement items, balance sheet totals, and portfolio-related measures across multiple fiscal years.\"}]",1784505797,633,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":27},"the-world-bank-annual-report-2020-vol-3-of-3-management-discussion-and-financial-statements","",{"@graph":35,"@context":84},[36,53,67],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/the-world-bank-annual-report-2020-vol-3-of-3-management-discussion-and-financial-statements/113546/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-20",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What fiscal period does the IBRD Management’s Discussion and Analysis cover?","Question",{"text":74,"@type":75},"It covers the fiscal year ended June 30, 2020 (FY20).","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"Which major topic areas are included in the report’s sections?",{"text":79,"@type":75},"Key areas include financial results, lending activities, other development activities, investment and borrowing activities, capital activities, and risk management. It also includes fair value analysis and governance and controls.",{"name":81,"@type":72,"acceptedAnswer":82},"What financial highlights are presented in Box 1?",{"text":83,"@type":75},"Box 1 provides selected financial data in millions of U.S. dollars, such as net commitments, gross disbursements, net disbursements, income statement items, balance sheet totals, and portfolio-related measures across multiple fiscal years.","https://schema.org",{"og:url":51,"og:type":86,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,134],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":45,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":45,"category_name":136,"show_sort_weight":105,"slug":137},19,"General","general"]