[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-113365-en":3,"doc-seo-113365-105":29,"detail-sidebar-cat-0-en-105":91},{"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},113365,13056703019404,"Miles","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","The World Bank Annual Report 2021 - From Crisis to Green, Resilient, and Inclusive Recovery (Vol. 2 of 2) - Management’s Discussion & Analysis and Financial Statements (Fiscal 2021)","Annual Report 2021 presents the Management’s Discussion & Analysis and Financial Statements for fiscal year ended June 30, 2021 for IBRD. It outlines executive summary highlights, the reporting basis, and structured financial results including total assets, net income, and income allocation. The report details lending activities, other development activities, investment and borrowing activities, capital and usable equity, and comprehensive risk management covering governance, credit, market, operational risks and COVID-19 impacts. It also includes contractual obligations, pension and ESG policies, critical accounting and fair value practices, and governance and control disclosures.","Public Disclosure Authorized Public Disclosure Authorized  \nAnnual Report 2021  \nThe International Bank for Reconstruction and Development (IBRD) and The International Development Association (IDA)  \nManagement's Discussion & Analysis and Financial Statements (Fiscal 2021)  \nJune 30, 2021  \nInternational Bank for Reconstruction and  \nDevelopment  \nManagement’s Discussion & Analysis  \nand Financial Statements June 30, 2021  \nContents  \nSection I: Executive Summary Summary Financial Results 4  \nSection II: Overview Introduction 6  \nPresentation 6  \nFinancial Business Model 6  \nBasis of Reporting 8  \nSection III: Financial Results Summary of Financial Results 10  \nTotal Assets 11  \nNet Income 11  \nNet Income Allocation 17  \nSection IV: Lending Activities Net Lending Commitments and Gross Disbursements 20  \nLending Categories 21  \nCurrently Available Lending Products 22  \nDiscontinued Lending Products 24  \nWaivers 24  \nSection V: Other Development Activities Guarantees 26  \nGrants 27  \nExternally-Funded Activities 28  \nSection VI: Investment Activities Liquid Asset Portfolio 31  \nOther Investments 32  \nSection VII: Borrowing Activities Medium-and Long-Term Borrowings 35  \nSection VIII: Capital Activities Capital Structure 36  \nUsable Equity 37  \nSection IX: Risk Management Risk Governance 39  \nRisk Oversight and Coverage 39  \nManagement of IBRD’s Risks 42  \nCoronavirus Disease 2019 (COVID-19) Outbreak 42  \nCapital Adequacy 43  \nCredit Risk 44  \nMarket Risk 51  \nOperational Risk 56  \nSection X: Contractual Obligations Contractual Obligations 58  \nSection XI: Pension and Other Post-Retirement Benefits Governance 59  \nFunding and Investment Policies 59  \nEnvironmental, Social and Governance (ESG) Policies 60  \nProjected Benefit Obligation 60  \nSection XII: Critical Accounting Policies and the Use of Fair Value of Financial Instruments 61  \nEstimates Provision for Losses on Loans and Other Exposures 62  \nPension and Other Post-Retirement Benefits 62  \nSection XIII: Governance and Controls Business Conduct 63  \nGeneral Governance 63  \nExecutive Directors 63  \nAudit Committee 64  \nAuditor Independence 65  \nExternal Auditors 65  \nSenior Management Changes 65  \nInternal Control 65  \nAppendix Glossary of Terms 66  \nAbbreviations and Acronyms 67  \nEligible Borrowing Member Countries by Region 68  \nList of Tables, Figures and Boxes 68  \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, 2021 (FY21) . IBRD undertakes no obligation to update any forward-looking statements. Certain reclassifications of prior years’ information have been made to conform with the current year’s presentation . For discussion of IBRD’s financial results for the year ended June 30, 2020 as compared to the year ended June 30, 2019, see Section III – Financial Results in IBRD’s MD&A and Financial Statements for the fiscal year ended June 30, 2020. 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  2021 2020 2019 2018 2017  \nLending Highlights (Section IV) Net commitments a Gross disbursements b Net disbursements b  \nIncome Statement (Section III)  \nBoard of Governors-approved and other transfers Net income (loss)  \nBalance Sheet  \nTotal assets  \nNet investment portfolio (Section VI)  \nNet loans outstanding (Section IV)  \nBorrowing portfolio c (Section VII)  \nTotal equity  \nNon-GAAP Measures:  \nAllocable Income (Section III)  \nAllocable income  \nAllocated as follows:  \nGeneral Reserve d  \nInternational Development Association Surplus  \nUsable Equity f g (Section VIII)  \nEquity-to-loans ratio h (See Section IX)  \n$ 30,523  \n23,691  \n13,590  \n$ (411)  \n2,039  \n$ 317,301 85,831  \n","cbCaipuFUy4nqdo5","https://ap.wps.com/l/cbCaipuFUy4nqdo5","pdf",10781995,1,248,"English","en",105,"# Executive Summary\n## Summary Financial Results\n# Overview\n## Introduction\n## Presentation\n## Financial Business Model\n## Basis of Reporting\n# Financial Results\n## Summary of Financial Results\n## Total Assets\n## Net Income\n## Net Income Allocation\n# Lending Activities\n## Net Lending Commitments and Gross Disbursements\n## Lending Categories\n## Currently Available Lending Products\n## Discontinued Lending Products\n## Waivers\n# Other Development Activities\n## Guarantees\n## Grants\n## Externally-Funded Activities\n# Investment Activities\n## Liquid Asset Portfolio\n## Other Investments\n# Borrowing Activities\n## Medium-and Long-Term Borrowings\n# Capital Activities\n## Capital Structure\n## Usable Equity\n# Risk Management\n## Risk Governance\n## Management of IBRD’s Risks\n## Coronavirus Disease 2019 (COVID-19) Outbreak\n## Capital Adequacy\n## Credit Risk\n## Market Risk\n## Operational Risk\n# Contractual Obligations\n## Contractual Obligations\n# Pension and Other Post-Retirement Benefits\n## Governance\n## Funding and Investment Policies\n## Environmental, Social and Governance (ESG) Policies\n# Critical Accounting Policies and Fair Value\n## Estimates Provision for Losses on Loans and Other Exposures\n# Governance and Controls\n## Business Conduct\n## General Governance\n## Executive Directors\n## Audit Committee\n## Auditor Independence\n## Internal Control\n# Appendix\n## Glossary of Terms\n## Abbreviations and Acronyms","[{\"question\":\"What period does the Management’s Discussion \\u0026 Analysis and Financial Statements cover?\",\"answer\":\"The statements cover the fiscal year ended June 30, 2021 (FY21).\"},{\"question\":\"Which major financial result topics are included in the report?\",\"answer\":\"The report covers total assets, net income, and net income allocation, along with summary financial results presented in Section III.\"},{\"question\":\"How does the document address risk management?\",\"answer\":\"It presents risk governance and oversight, describes management of IBRD’s risks, and includes specific sections on COVID-19 impacts, capital adequacy, credit risk, market risk, and operational risk.\"}]",1784503461,625,{"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":86,"head_meta":88,"extra_data":90,"updated_unix":27},"the-world-bank-annual-report-2021-from-crisis-to-green-resilient-and-inclusive-recovery-vol-2-of-2-managements-discussion-analysis-and-financial-statements-fiscal-2021","",{"@graph":35,"@context":85},[36,53,68],{"@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-2021-from-crisis-to-green-resilient-and-inclusive-recovery-vol-2-of-2-managements-discussion-analysis-and-financial-statements-fiscal-2021/113365/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-20","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What period does the Management’s Discussion & Analysis and Financial Statements cover?","Question",{"text":75,"@type":76},"The statements cover the fiscal year ended June 30, 2021 (FY21).","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Which major financial result topics are included in the report?",{"text":80,"@type":76},"The report covers total assets, net income, and net income allocation, along with summary financial results presented in Section III.",{"name":82,"@type":73,"acceptedAnswer":83},"How does the document address risk management?",{"text":84,"@type":76},"It presents risk governance and oversight, describes management of IBRD’s risks, and includes specific sections on COVID-19 impacts, capital adequacy, credit risk, market risk, and operational risk.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,135],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":45,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":45,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":45,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":45,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":45,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":132,"doc_module":4,"doc_module_name":45,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":45,"category_name":137,"show_sort_weight":106,"slug":138},19,"General","general"]