ANNEX 2 IBRD/IDA and Blend Countries: Per Capita s, Eligibility, and Repayment Terms The financing terms below are effective for all IBRD loans and IDA Financing that are approved by the Executive Directors on or after July 1, 2017 For questions on per capita income estimates, please contact the Director, DECDG For questions on IDA eligibility and IDA terms, the Director, DFIRM For questions on creditworthiness and IBRD terms, the Director, CROCR For questions on customized IBRD terms, the Director, FABDR The following 201 per capita income guidelines apply for operational purposes: i. US$1,005 or less for granting civil works preference to eligible domestic contractors in evaluating civil works bids procured under international competitive bidding (see World Bank Procurement Regulations for IPF Borrowers ); ii. US$1,15 or less as the operational cutoff for IDA eligibility; [US$1,905 as the historical ceiling for IDA eligibility;] iii. Over US$1,15 for IBRD terms; iv. US$,895 or more for initiating the IBRD graduation process. IBRD Repayment IDA Repayment Terms 19 Years 5 to Afghanistan 580 i IDA 2,3 LDC - - 38 100% Albania 4,250 iii IBRD 20 35 - - - Algeria 4,270 iii IBRD 20 35 - - - Angola 3,440 iii IBRD LDC 20 35 - - - Antigua and Barbuda 13,390 iv IBRD 20 35 - - - Argentina 11,90 iv IBRD 20 35 - - - Armenia 3,70 iii IBRD 20 35 - - - Azerbaijan 4,70 iii IBRD 20 35 - - - Bangladesh 10 1,330 iii IDA 2,3 LDC - - 38 0% Belarus 5,00 iii IBRD 20 35 - - - Belize 4,410 iii IBRD 20 35 - - - Benin 820 i IDA 2,3 LDC - - 38 50% Bhutan 9, 11 2,510 iii IDA 2,3 LDC - - 10 40 0% Bolivia 15 3,070 iii IBRD 20 35 IBRD terms - Bosnia and Herzegovina 4,890 iii IBRD 20 35 - - -
5 Botswana,10 iii IBRD 20 35 - - - Brazil 8,840 iv IBRD 20 35 - - - Bulgaria 7,470 iv IBRD 20 35 - - - Burkina Faso 40 i IDA 2,3 LDC - - 38 50% Burundi 280 i IDA 2,3 LDC - - 38 100% Cabo Verde 8 2,970 iii Blend 2 20 35 10 40 0% Cambodia 1,140 ii IDA 2,3 LDC - - 38 0% Cameroon 1,200 iii Blend 2 20 35 5 30 0% Central African 380 i IDA 2,3 LDC - - 38 100% Chad 720 i IDA 2,3 LDC - - 38 100% Chile 13,530 iv IBRD 20 35 - - - China 8,20 iv IBRD 20 35 - - - Colombia,320 iii IBRD 20 35 - - - Comoros 20 70 i IDA 2,3 LDC - - 10 40 50% Congo, 420 i Democratic IDA 2,3 LDC - - 38 50% Congo, 1,710 iii Blend 2 20 35 5 30 0% 11 Costa Rica 10,840 iv IBRD 20 35 - - - Cote d'ivoire 9 1,520 iii IDA 2,3 - - 5 30 0% Croatia 12,110 iv IBRD 20 35 - - - Djibouti 9, 11 NA iii IDA 2,3 LDC - - 10 40 0% Dominica 8,750 iii Blend 2 20 35 10 40 0% Dominican,390 iii IBRD 20 35 - - - Ecuador 5,820 iii IBRD 20 35 - - - Egypt, Arab of 3,40 iii IBRD 20 35 - - - El Salvador 3,920 iii IBRD 20 35 - - - Equatorial Guinea,550 iii IBRD 20 35 - - - Eritrea 7 NA i IDA 2,3 LDC - - 38 - Ethiopia 0 i IDA 2,3 LDC - - 38 50% Fiji 4,840 iii IBRD 20 35 - - - Gabon 7,210 iv IBRD 20 35 - - -
5 Gambia, The 440 i IDA 2,3 LDC - - 38 100% Georgia 3,810 iii IBRD 20 35 - - - Ghana 9 1,380 iii IDA 2,3 - - 5 30 0% Grenada 8 8,830 iv Blend 2 20 35 10 40 0% Guatemala 3,790 iii IBRD 20 35 - - - Guinea 490 i IDA 2,3 LDC - - 38 50% Guinea-Bissau 20 i IDA 2,3 LDC - - 38 50% Guyana 9, 11 4,250 iii IDA 2,3 - - 10 40 0% Haiti 780 i IDA 2,3 LDC - - 38 100% Honduras 9 2,150 iii IDA 2,3 - - 5 30 0% India 1,0 iii IBRD 20 35 - - - Indonesia 3,400 iii IBRD 20 35 - - - Iran, Islamic of NA iii IBRD 20 35 - - - Iraq 17 5,430 iii IBRD 20 35 - - - Jamaica 4,0 iii IBRD 20 35 - - - Jordan 17 3,920 iii IBRD 20 35 - - - Kazakhstan 8,710 iv IBRD 20 35 - - - Kenya 1,380 iii Blend 2 20 35 5 30 0% Kiribati 8 2,380 iii IDA 2,3 LDC - - 10 40 100% Kosovo, of 9 3,850 iii IDA 2,3 - - 5 30 0% Kyrgyz 1,100 ii IDA 2,3 - - 38 50% Lao PDR 9 2,150 iii IDA 2,3 LDC - - 5 30 0% Lebanon 17 7,80 iv IBRD 20 35 - - - Lesotho 9 1,190 iii IDA 2,3 LDC - - 5 30 0% Liberia 380 i IDA 2,3 LDC - - 38 50% Libya NA iii IBRD 20 35 - - - Macedonia, FYR of 4,980 iii IBRD 20 35 - - - Madagascar 400 i IDA 2,3 LDC - - 38 50% Malawi 320 i IDA 2,3 LDC - - 38 50% Malaysia 9,850 iv IBRD 20 35 - - - Maldives 8, 14 7,430 iv IDA 2,3 - - 10 40 50%
IBRD Repayment IDA Repayment Terms 19 Years to 5 Mali 750 i IDA 2,3 LDC - - 38 50% Marshall Islands 8 4,450 iii IDA 2,3 - - 10 40 100% Mauritania 1,120 ii IDA 2,3 LDC - - 38 100% Mauritius 9,70 iv IBRD 20 35 - - - Mexico 9,040 iv IBRD 20 35 - - - Micronesia, Fed. Sts. Of 8 3,80 iii IDA 2,3 - - 10 40 100% Moldova 2,120 iii Blend 2 20 35 5 30 0% Mongolia 3,550 iii Blend 2 20 35 5 30 0% Montenegro,970 iv IBRD 20 35 - - - Morocco 2,850 iii IBRD 20 35 - - - Mozambique 14 470 i IDA 2,3 LDC - - 38 100% Myanmar 9 NA iii IDA 2,3 LDC - - 5 30 0% Namibia 4,20 iii IBRD 20 35 - - - Nauru 17, 19 10,750 iv IBRD 20 35 - - - Nepal 730 i IDA 2,3 LDC - - 38 0% Nicaragua 9 2,050 iii IDA 2,3 - - 5 30 0% Niger 370 i IDA 2,3 LDC - - 38 50% Nigeria 2,450 iii Blend 2 20 35 5 30 0% Pakistan 1,510 iii Blend 2 20 35 5 30 0% Palau 19 12,450 iv IBRD 20 35 - - - Panama 12,140 iv IBRD 20 35 - - - Papua New Guinea NA iii Blend 2 20 35 5 30 0% Paraguay 4,070 iii IBRD 20 35 - - - Peru 5,950 iii IBRD 20 35 - - - Philippines 3,580 iii IBRD 20 35 - - - Poland 12,700 iv IBRD 20 35 - - - Romania 9,470 iv IBRD 20 35 - - - Russian Federation 1 9,720 iv IBRD 20 35 - - - Rwanda 700 i IDA 2,3 LDC - - 38 0% Samoa 8 4,100 iii IDA 2,3 - - 10 40 100% Sao Tome and Principe 8 1,730 iii IDA 2,3 LDC - - 10 40 100% Senegal 950 i IDA 2,3 LDC - - 38 0% Serbia 5,280 iii IBRD 20 35 - - -
5 Seychelles 15,410 iv IBRD 20 35 - - - Sierra Leone 490 i IDA 2,3 LDC - - 38 50% Solomon Islands 8 1,880 iii IDA 2,3 LDC - - 10 40 50% 8 Somalia 7 NA i IDA 2,3 LDC - - 38 - South Africa 5,480 iii IBRD 20 35 - - - South Sudan NA i IDA 2,3 LDC 38 100% Sri Lanka 15 3,780 iii IBRD 20 35 IBRD terms - St. Kitts and Nevis 15,80 iv IBRD 20 35 - - - St. Lucia 8 7,70 iv Blend 2 20 35 10 40 0% St. Vincent and the Grenadines 8,790 iii Blend 2 20 35 10 40 0% Sudan 7 2,140 iii IDA 2,3 LDC - - 38 - Suriname 7,070 iv IBRD 20 35 - - - Swaziland 2,80 iii IBRD 20 35 - - - Syrian Arab 7, 17 NA ii IDA 2,3 - - 38 - Tajikistan 1,110 ii IDA 2,3 - - 38 50% Tanzania 900 i IDA 2,3 LDC - - 38 0% Thailand 5,580 iii IBRD 20 35 - - - Timor-Leste 11 NA iii Blend 2 LDC 20 35 10 40 0% Togo 540 i IDA 2,3 LDC - - 38 50% Tonga 8 4,020 iii IDA 2,3 - - 10 40 50% Trinidad and Tobago 1,240 iv IBRD 20 35 - - - Tunisia 3,90 iii IBRD 20 35 - - - Turkey 11,180 iv IBRD 20 35 - - - Turkmenistan,70 iii IBRD 20 35 - - - Tuvalu 8 5,090 iii IDA 2,3 LDC - - 10 40 100% Uganda 0 i IDA 2,3 LDC - - 38 0% Ukraine 1 2,310 iii IBRD 20 35 - - - Uruguay 15,230 iv IBRD 20 35 - - - Uzbekistan 2,220 iii Blend 2 20 35 5 30 0% Vanuatu 8 NA iii IDA 2,3 LDC - - 10 40 50% Venezuela, RB de NA iii IBRD 20 35 - - -
5 Vietnam 15 2,050 iii IBRD 20 35 IBRD terms - Yemen, of 1,040 ii IDA 2,3 LDC - - 38 100% Zambia 9 1,300 iii IDA 2,3 LDC - - 5 30 0% Zimbabwe 7 940 i Blend 2 20 35 5 30 - Key NA = Estimates are available in ranges only A = Annuity LRP = Level s of principal 1. World Bank Atlas methodology; 201 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 FY18 is a 201 capita of US$1,15, 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, including countries classified as Blends and countries referred to as Gap countries (see footnote 9). 3. IDA-only countries except for limited IBRD Enclave support. 4. Countries that are classified as least developed countries (LDCs) by the United Nations. 5. IDA regular term credits approved on or after July 1, 2017 have a -year grace period. IDA blend term credits continue to have a 5-year grace period, and IDA Small Economy Term credits for IDA-only Small Island Economies, Small State Economies, and small islands that are granted exceptional access to IDA resources continue to have a 10-year grace period.. Effective from July 1, 2017, the for IDA regular term credits is 38 years with principal repayable at 3.125 percent per annum for years 7-38, with a service charge of 0.75 percent in SDR terms. The for IDA Small Economy Term credits for IDA-only Small Island Economies, Small State Economies, and small islands that are granted exceptional access to IDA resources continue to be 40 years with principal repayable at 2 percent per annum for years 11-20 and 4 percent per annum for years 21-40. Effective July 1, 2017, blend term credits have a of 30 years, a grace period of 5 years, a 0.75 percent service charge and 1.25 percent interest charge, both in SDR terms, and with principal repayable at 3.3 percent per annum for years -25 and.8 percent per annum for years 2-30. IDA concessional 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 July 1, 2017. eligibility is determined when the country reengages with IDA/IBRD. General information on IBRD and IDA countries with loan/credits in nonaccrual status is available from the IBRD Credit Risk (CROCR) and IDA Resource Mobilization (DFIRM) Departments, respectively. 8. IDA eligible countries under the Small Island Economies Exception. For credits approved on or after July 1, 2011, the financing terms for the small island blend countries are changed from blend terms to Small Economy Terms. 9. The IDA-eligible country s capita has been above the operational cutoff for IDA eligibility for more than two consecutive years. Unless the borrower is classified as a Small State Economy, it receives IDA Financing on blend terms. 10. The country s capita has been above the IDA operational cutoff for either one or two years, and the country continues to access IDA resources on regular terms. Once the capita has been above the operational cutoff for IDA eligibility for more than two consecutive years, the country receives IDA Financing on blend terms.
11. Small State Economy, with a population of 1.5 million people or less. IDA Financing is on Small Economy Terms, effective July 1, 2017. 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). In addition, in IDA18, Gap (footnote 9) and Blend countries that meet the criteria to be considered as a refugee host country, are eligible for grants through the Refugee Sub-Window (subject to Executive Directors approval). 13. The new IBRD structure does not apply to loans that meet both the following conditions: (i) the Invitation to Negotiate is issued on or before June 30, 2014; and (ii) the Executive Directors approve the loan on or before September 30, 2014. 14. IDA Financing reflects the application of NCBP remedies. 15. During IDA18 Bolivia, Sri Lanka and Vietnam receive exceptional transitional support from IDA. The financing terms for transitional support are the same as for current IBRD flexible loans; offered only in single currency denominations: USD, Euro, GBP and JPY. Transitional support credits are exempt from the accelerated clause. 1. These calculations are based on numbers and data from official statistics of Ukraine and the Russian Federation; by relying on those numbers and data, the Bank does not intend to make any judgment on the legal or other status of the territories concerned or to prejudice the final determination of the parties' claims. 17. From FY17, refugees are included in the population estimates of host country. 18. The financing terms for countries eligible for Scale-Up Facility (SUF) range from fixed rate to floating rate loans; the currencies available are USD, Euro, GBP and JPY. The detailed pricing methodology is as described in IDA Policy, Enhancing IDA s Financial Support in IDA17. Current financing terms are available on the Treasury website (http://treasury.worldbank.org/bdm/htm/idacreditpricing.html). 19. IBRD subject to OP7.00 paragraph 11. 20. IDA-only country that is also a Small Island Economy, therefore receives IDA Financing on Small Economy Terms. Changes during current fiscal year 1. Bolivia, Sri Lanka and Vietnam changed from a Blend to IBRD borrower status, effective July 1, 2017. 2. Kenya changed from IDA-only to Blend borrower status, effective July 1, 2017. 3. Bhutan, Djibouti, Guyana and Timor-Leste are classified as Small State Economies, effective July 1, 2017. Changes during previous fiscal year 1. Solomon Islands was granted the Small Island Exception, effective in FY17, 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, Terms of to Small Island Economies Graduating from IDA. 2. Syrian Arab was reclassified from IBRD to IDA-only, effective September 29, 201.