IDA's Borrowing Programs

9 NEW LOAN PRODUCTS & FINANCIAL POLICIES New loan products and financial policies were introduced to protect bondholders and expand resources available to support bond payments. . Expanded range of loan products: Loans for countries transitioning to middle income status, with terms similar to IBRD's. New financial policies: ● Future loan and grant commitments are monitored and adjusted to ensure prudent asset coverage levels. IDA's liquidity covers borrowing and commitment obligations even under extreme stressed conditions, as expected for a triple-A entity. New loan, credit or grant commitments are only approved if IDA has access to capital markets or alternative sources of cash funding. IDA International Development Association WORLD BANK GROUP

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