Quiz Time: IBRD & IDA

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Across
  1. 4. Economic term for achieving a lower funding cost by taking advantage of Cross Currency Swap levels
  2. 7. The World Bank updated its mission in 2023 to "Ending Poverty on a [X] Planet"
  3. 8. The World Bank issued an outcome bond in 2022 with funding directed to protect this "big 5" species in South Africa
  4. 11. The ESG icon, or tag, on Bloomberg that all IBRD and IDA Sustainable Development Bonds have (hint: it’s yellow)
  5. 13. IBRD is working on a pilot of this security type, a debt instrument the rating agencies treat as capital
  6. 14. The conference in 1944 where IMF and WB were created (hint: New Hampshire, USA)
  7. 15. IBRD is better known as this in the capital markets
  8. 16. The credit rating IBRD has had for over 50 years
  9. 20. The largest shareholder of the World Bank
Down
  1. 1. Country of the World Bank’s biggest loan exposure
  2. 2. Country where IBRD made its first loan in 1947
  3. 3. Climate “Agreement” that all World Bank loans since July 1, 2023 align to
  4. 5. Basket of 5 currencies that the IDA balance sheet is denominated
  5. 6. Colloquial name for offshore bonds in the AUD market where IBRD has issued 2.8 BN USDeq in FY24
  6. 9. The name for IBRD and IDA's large and liquid bonds issued in the Primary Market, including the largest ever of of these in the SSA market: 8BN USD in April 2020
  7. 10. Currency that the IBRD balance sheet is denominated
  8. 12. Activity conducted by IBRD and IDA to raise funds through capital markets
  9. 13. IBRD and IDA bonds have this designation: level 1, under Basel III and are not discounted when calculating the Liquidity Coverage Ratio
  10. 17. The acronym that credit rating agencies use to explain that IBRD and IDA borrowers have historically prioritized repayments to IBRD and IDA (hint: it's 3 words, the third word is sometimes referred to as “status”, but in this case we are looking for a third word of “treatment”)
  11. 18. The month where IBRD and IDA fiscal year starts
  12. 19. The International Development Association, part of the World Bank Group, started issuing bonds in 2018 and has this acronym
  13. 21. The acronym for the short term instrument issued by IDA to manage liquidity needs