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UK - Foreign, Commonwealth Development Office (FCDO)

Hybrid Capital Contribution to the World Bank (IBRD)

IATI Identifier: GB-GOV-1-400306

Description

Under the World Bank Group Evolution reform agenda, Hybrid Capital is one of the proposals to strengthen IBRD financing capacity. The Prime Minister announced conditional UK support for an IBRD capital increase in September 2023, with a key ask that the IBRD continues to stretch its existing resources and deliver on evolution reforms (‘twin track’ approach). A Hybrid Capital contribution is consistent with our ‘twin track’ approach – it would be a down payment on a capital increase, recognising our commitment to growing the size of the IBRD and helping us to shape negotiations around a future GCI, while at the same time helping us to push the Bank to further stretch its existing capital and continue to implement the CAF Review recommendations including on Callable Capital. It will 100% score as a ODA as long as the UK does not take any coupon from the hybrid capital contribution.

Location

The country, countries or regions that benefit from this Programme.
Developing countries, unspecified
Disclaimer: Country borders do not necessarily reflect the UK Government's official position.

Status Implementation

The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.

Programme Spend

Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.

Participating Organisation(s)

Help with participating organisations

Accountable:Organisation responsible for oversight of the activity

Extending: Organisation that manages the budget on behalf of the funding organisation.

Funding: Organisation which provides funds.

Implementing: Organisations implementing the activity.

Sectors

Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.

Budget

A comparison across financial years of forecast budget and spend to date on the Programme.

Policy Marker(s)

ODA measures in relation to their realisation of OECD development policy objectives

Gender Equality significant objective
Aid Targeting the Objectives of the Convention on Biological Diversity significant objective
Aid Targeting the Objectives of the Framework Convention on Climate Change - Mitigation significant objective
Aid Targeting the Objectives of the Framework Convention on Climate Change - Adaptation significant objective
Disability significant objective

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