IBRD/IDA and Blend Countries: Per Capita Incomes, Lending Eligibility, and Repayment Terms

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1 Page 1 of 7 (Updated ) Note: This OP 3.10, Annex D replaces the version dated March The revised terms are effective for all loans for which invitations to negotiate are issued on or after July 1, IBRD/IDA and Blend Countries: Per Capita s, Eligibility, and Repayment For questions on per capita income estimates, please contact the Director, DECDG For questions on IDA eligibility and IDA terms, the Director, CFPIR For questions on creditworthiness and IBRD terms, the Director, CFRCR For questions on customized IBRD terms, the Director, FABDR The following 2012 per capita income guidelines apply for operational purposes: (i) US$1,035 or less for granting civil works preference to eligible domestic contractors in evaluating civil works bids procured under international competitive bidding (see OP/BP 11.00, Procurement); (ii) US$1,205 as the operational cutoff for IDA eligibility; [US$1,95 as the historical ceiling for IDA eligibility;] (iii) US$1,205 or more for IBRD terms; (iv) US$7,115 or more for initiating the IBRD graduation process. 5 Afghanistan NA i IDA 2,3 LDC % Albania 4,030 iii IBRD Algeria NA iii IBRD Angola 9 4,580 iii IDA 2,3 LDC % Antigua and Barbuda 12,40 iv IBRD Argentina NA iv IBRD Armenia 11 3,720 iii Blend % Azerbaijan,050 iii IBRD Bangladesh 830 i IDA 2,3 LDC % Belarus,530 iii IBRD Belize NA iii IBRD Benin 750 i IDA 2,3 LDC % Bhutan 9 2,420 iii IDA 2,3 LDC % Bolivia 11 2,220 iii Blend % Bosnia and 4,0 iii Blend %

2 Page 2 of 7 (Updated ) Herzegovina 11 5 Botswana 7,730 iv IBRD Brazil 11,40 iv IBRD Bulgaria,870 iii IBRD Burkina Faso 0 i IDA 2,3 LDC % Burundi 240 i IDA 2,3 LDC % Cambodia 880 i IDA 2,3 LDC % Cameroon 1,170 ii IDA 2, % Cape Verde 8 3,810 iii Blend % Central African Republic 490 i IDA 2,3 LDC % Chad 740 i IDA 2,3 LDC % Chile 14,280 iv IBRD China 5,740 iii IBRD Colombia,990 iii IBRD Comoros 840 i IDA 2,3 LDC % Congo, Democratic 220 i IDA 2,3 LDC % Republic Congo, Republic of 9 2,550 iii IDA 2, % Costa Rica 8,740 iv IBRD Cote d'ivoire 10 1,220 iii IDA 2, % Croatia 13,290 iv IBRD Djibouti 9 NA iii IDA 2,3 LDC % Dominica 8,40 iii Blend % Dominican Republic 5,470 iii IBRD Ecuador 5,190 iii IBRD Egypt, Arab Republic of 3,000 iii IBRD El Salvador 3,580 iii IBRD Equatorial Guinea 13,550 iv IBRD LDC Eritrea i IDA 2,3 LDC Ethiopia 400 i IDA 2,3 LDC % Fiji 4,200 iii IBRD Gabon 10,070 iv IBRD

3 Page 3 of 7 (Updated ) 5 Gambia, The 510 i IDA 2,3 LDC % Georgia 11 3,280 iii Blend % Ghana 9 1,550 iii IDA 2, % Grenada 8 7,110 iii Blend % Guatemala 3,120 iii IBRD Guinea 40 i IDA 2,3 LDC % Guinea-Bissau 550 i IDA 2,3 LDC % Guyana 9 3,390 iii IDA 2, % Haiti 70 i IDA 2,3 LDC % Honduras 9 2,070 iii IDA 2, % India 11 1,530 iii Blend % Indonesia 3,420 iii IBRD Iran, Islamic Republic of NA iii IBRD Iraq NA iii IBRD Jamaica 5,140 iii IBRD Jordan 4,730 iii IBRD Kazakhstan 9,730 iv IBRD Kenya 840 i IDA 2, % Kiribati 8 2,210 iii IDA 2,3 LDC % Korea, Republic of 22,70 iv IBRD Kosovo, Republic of 9 3,10 iii IDA 2, % Kyrgyz Republic 990 i IDA 2, % Lao PDR 10 1,20 iii IDA 2,3 LDC % Lebanon 9,140 iv IBRD Lesotho 10 1,380 iii IDA 2,3 LDC % Liberia 370 i IDA 2,3 LDC % Libya NA iv IBRD Macedonia, FYR of 4,700 iii IBRD Madagascar 430 i IDA 2,3 LDC % Malawi 320 i IDA 2,3 LDC % Malaysia 9,800 iv IBRD Maldives 8 5,910 iii IDA 2, %

4 Page 4 of 7 (Updated ) 5 Mali 0 i IDA 2,3 LDC % Marshall Islands 8 4,140 iii IDA 2, % Mauritania 1,110 ii IDA 2,3 LDC % Mauritius 8,570 iv IBRD Mexico 9,740 iv IBRD Micronesia, Fed. Sts. Of 8 3,310 iii IDA 2, % Moldova 9 2,070 iii IDA 2, % Mongolia 11 3,180 iii Blend % Montenegro 7,110 iii IBRD Morocco 2,940 iii IBRD Mozambique 510 i IDA 2,3 LDC % Myanmar NA i IDA 2,3 LDC % Namibia 5,10 iii IBRD Nepal 710 i IDA 2,3 LDC % Nicaragua 10 1,50 iii IDA 2, % Niger 370 i IDA 2,3 LDC % Nigeria 9 1,430 iii IDA 2, % Pakistan 11 1,20 iii Blend % Palau 9,80 iv IBRD Panama 9,910 iv IBRD Papua New Guinea 11 1,790 iii Blend % Paraguay 3,290 iii IBRD Peru 5,880 iii IBRD Philippines 2,470 iii IBRD Poland 12,70 iv IBRD Romania 8,110 iv IBRD Russian Federation 12,700 iv IBRD Rwanda NA i IDA 2,3 LDC % Samoa 8 3,220 iii IDA 2,3 LDC % Sao Tome and Principe 8 1,320 iii IDA 2,3 LDC % Senegal 1,040 ii IDA 2,3 LDC % Serbia 5,280 iii IBRD

5 Page 5 of 7 (Updated ) 5 Seychelles 11,40 iv IBRD Sierra Leone 580 i IDA 2,3 LDC % Solomon Islands 1,130 ii IDA 2,3 LDC % Somalia 7 NA i IDA 2,3 LDC South Sudan 10 i IDA 2,3 LDC % South Africa 7,10 iv IBRD Sri Lanka 11 2,920 iii Blend % St. Kitts and Nevis 13,330 iv IBRD St. Lucia 8,530 iii Blend % St. Vincent and the Grenadines 8,380 iii Blend % Sudan 7 1,30 iii IDA 2,3 LDC Suriname 8,050 iv IBRD Swaziland 2,80 iii IBRD Syrian Arab Republic7 NA iii IBRD Tajikistan 880 i IDA 2, % Tanzania 570 i IDA 2,3 LDC % Thailand 5,210 iii IBRD Timor-Leste 11 3,70 iii Blend 2 LDC % Togo 500 i IDA 2,3 LDC % Tonga 8 4,240 iii IDA 2, % Trinidad and Tobago 14,350 iv IBRD Tunisia 4,150 iii IBRD Turkey 10,740 iv IBRD Turkmenistan 5,510 iii IBRD Tuvalu 8,00 iii IDA 2,3 LDC % Uganda 440 i IDA 2,3 LDC % Ukraine 3,500 iii IBRD Uruguay 13,500 iv IBRD Uzbekistan 11 1,720 iii Blend % Vanuatu 8 3,080 iii IDA 2,3 LDC % Venezuela, RB de 12,470 iv IBRD Vietnam 11 1,400 iii Blend %

6 Page of 7 (Updated ) 5 Yemen, Republic of NA ii IDA 2,3 LDC % Zambia 10 1,350 iii IDA 2,3 LDC % Zimbabwe 7 80 i Blend Key NA = Estimates are available in ranges only A = Annuity LRP = Level s of principal 1. World Bank Atlas methodology; 2012 per capita GNI (Gross National, formerly GNP) figures are in U.S. dollars. 2. Countries are eligible for IDA on the basis of (a) relative poverty and (b) lack of creditworthiness. The operational cutoff for IDA eligibility for FY14 is a 2012 capita of US$1,205, using Atlas methodology. To receive IDA resources, countries must also meet tests of performance. An exception has been made for some small island economies (see footnote 8). In exceptional circumstances, IDA also extends eligibility temporarily to countries that are above the operational cutoff and are undertaking major adjustment efforts but are not creditworthy for IBRD lending. 3. IDA-only countries except for limited IBRD lending for enclave projects. 4. Countries that are classified as least developed countries (LDCs) by the United Nations (see OP 3.10, para. 39). 5. IDA regular term credits have a 10-year grace period, and IDA blend term and hard-term credits have a 5-year grace period.. The for IDA regular credits is 40 years, with principal repayable at 2 percent per annum for years and 4 percent per annum for years Effective from July 1, 2011, the formerly blend and hardened terms have been consolidated into one blend credit instrument with a of 25 years, a grace period of 5 years, a 1.25 interest charge, and with principal repayable at 3.3 percent per annum for years -15 and.7 percent per annum for years The new blend terms will apply to credits approved on or after July 1, In addition to credits in new blend terms, some countries are also eligible for hard-term IDA credits; please refer to footnote 11 for further information. IDA credits include an acceleration clause, providing for the possibility of doubling of principal payments from creditworthy borrowers where per capita income remains above eligibility thresholds. 7. Loans/credits in nonaccrual status as of June 30, Their grant eligibility will be determined when these countries reengage with IDA. General information on countries with loan/credits in nonaccrual status is available from the Credit Risk Department in Finance Partners. 8. IDA eligible countries under the small island economy exception. For credits approved on or after July 1, 2011, the financing terms for the small island blend countries are changed from blend credit terms to regular IDA credit terms. 9. The capita has been above the operational cutoff for IDA eligibility for more than two consecutive years, therefore the borrower will be subject to IDA lending on blend terms. 10. The country s capita has been above the IDA operational cutoff for either one or two years, and the borrower will continue to access IDA resources on regular terms until the capita continuously exceeds the cutoff for three years. 11. Countries eligible for hard-term IDA credits as defined in IDA1, effective July 1, These are all countries eligible for IBRD/IDA blend financing, excluding small islands. These resources are additional to a country s regular performance based allocation. The access to hard-term credits is expanded in proportion to the countries performancebased allocation. The of hard-term credits is 25 years, with a 5 year grace period, and a 3.3 percent of principal repayable per annum for years -15 and.7 percent per annum for years Standard IDA service and commitment charges apply plus a fixed interest charge for the life of each credit. The interest rate is set annually and applies to new credits approved in that year, then fixed for the duration of that credit. For credits approved on or after July 1, 2013, the interest rate is 1.4 percent.

7 Page 7 of 7 (Updated ) 12. eligibility varies by fiscal year and is based on the IDA grant framework in accordance with the IDA1 Agreement entitled Additions to IDA Resources: Sixteenth Replenishment IDA1: Delivering Development Results (February 15, 2011). Changes during current fiscal year 1. Sao Tome and Principe has been granted the small island exception, effective in FY14, as it meets the criteria established by the 1985 decision for granting exceptions to small island countries, which is discussed in Board document IDA/R85-134, of to Small Island Economies Graduating from IDA. Changes during previous fiscal year 1. On January 25, 2013, Myanmar cleared all of its overdue principal and charges due to IDA and the credits to, or guaranteed by, Myanmar, and the country was restored to accrual status on that date. 2. South Sudan was granted access to IDA resources on IDA-only terms, effective FY Timor-Leste changed from IDA-only borrower to Blend borrower status, effective March 19, 2013.