World Bank

   Working through the IBRD and IDA, the World Bank provides loans to the two major types: investment loans and development loans.

   Investment loans are available to finance the production of goods, works and services in projects of socio-economic development in various sectors.

   Loans for Development (formerly known as loans for structural change) are provided through the allocation of financial resources to support policy and institutional reforms.

   Received from the borrower's application for funding of the project is to make sure that the project is sustainable in economic, financial, social and environmental relations. At the stage of negotiations on the loan the Bank and borrower agree on development challenges addressed by the project, the components of the project, expected results, monitoring performance of the project and its implementation plan and timetable for disbursement of the loan. During the implementation of the project, the Bank monitors the use of funds and evaluates the results of the projects. Three-fourths of outstanding loans are managed by country directors working in the permanent missions of the Bank's member countries. About 30 percent of Bank staff working in the permanent missions, which are all over the world there are almost 100.

   Long-term IDA credits are interest free, but it will be charged a small fee of $ 0,75 per cent of donated funds. IDA fee charged for the reservation of funds is from zero to 0.5 percent of the unused amount of the loan; in fiscal year 2006 rate of this fee was set at 0.33 percent. Complete information on financial products, services, interest rates and fees IBRD, please visit the Treasury Department, World Bank. Treasury in charge of all operations carried out by IBRD's borrowing and lending, and also serves as treasurer, serving other institutions in the World Bank Group.