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51563_English - THE WORLD BANK ANNUAL REPORT 2005 YEAR IN...

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THE WORLD BANK ANNUAL REPORT 2005 YEAR IN REVIEW
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OPERATIONAL SUMMARY | FISCAL 2005 LETTER OF TRANSMITTAL This Annual Report , which covers the period from July 1, 2004, to June 30, 2005, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) in accordance with the respective bylaws of the two institutions. Paul Wolfowitz, President of the IBRD and IDA, and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited fi nancial statements, to the Board of Governors. Annual reports for the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Centre for Settlement of Investment Disputes are published separately. IBRD MILLONS OF DOLLARS FY05 FY04 FY03 FY02 FY01 Commitments 13,611 11,045 11,231 11,452 10,487 Of which development policy lending 4,264 4,453 4,187 7,384 3,937 Number of projects 118 87 99 96 91 Of which development policy lending 23 18 21 21 15 Gross disbursements 9,722 10,109 11,921 11,256 11,784 Of which development policy lending 3,605 4,348 5,484 4,673 4,393 Principal repayments (including prepayments) 14,809 18,479 19,877 12,025 9,635 Net disbursements (5,087) (8,370) (7,956) (769) 2,149 Loans outstanding 104,401 109,610 116,240 121,589 118,866 Undisbursed loans 33,744 32,128 33,031 36,353 37,934 Operating income 1,320 1,696 3,021 1,924 1,144 Usable capital and reserves 32,072 31,332 30,027 26,901 24,909 Equity-to-loans ratio 31.4% 29.4% 26.6% 22.9% 21.5% IDA MILLONS OF DOLLARS FY05 FY04 FY03 FY02 FY01 Commitments 8,696 9,035 7,282 8,068 6,764 Of which development policy lending 2,301 1,698 1,831 2,443 1,826 Number of projects 160 158 141 133 134 Of which development policy lending 32 23 24 23 15 Gross disbursements 8,950 6,936 7,019 6,612 5,492 Of which development policy lending 2,666 1,685 2,795 2,172 1,280 Principal repayments 1,620 1,398 1,369 1,063 997 Net disbursements 7,330 5,538 5,651 5,549 4,495 Credits outstanding 120,907 115,743 106,877 96,372 86,572 Undisbursed credits 22,330 23,998 22,429 22,510 20,442 Undisbursed grants 3,021 2,358 1,316 148 Development grant expenses 2,035 1,697 1,016 154
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THE WORLD BANK ANNUAL REPORT 2005 1 THE WORLD BANK ANNUAL REPORT 2005 CONTENTS Message from the President of the World Bank and Chairman of the Board of Executive Directors 2 The Board of Executive Directors 4 The World Bank Group 8 1 Addressing Worldwide Poverty 11 2 Regional Perspectives 27 Map of World Bank Regions, Country OfF ces, and Borrower Eligibility 28 Africa 30 East Asia and PaciF c 34 South Asia 38 Europe and Central Asia 42 Latin America and the Caribbean 46 Middle East and North Africa 50 3 Summary of Fiscal Year Activities 54 CD-ROM Content Year in Review Organizational Information Income by Region New Operations Approved Lending Data Financial Statements Note: The complete ±inancial Statements, including Management’s Discussion and Analysis, audited F nancial statements of the International Bank for Reconstruction and Development, and audited F nancial statements of the International Development Association, are published on the CD-ROM enclosed with this report. This Annual Report is also available on the Internet at www.
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51563_English - THE WORLD BANK ANNUAL REPORT 2005 YEAR IN...

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