52208 Summary Update on IBRD and IDA Lending Projections December 11, 2009 This note is a part of regular updates to the Board on IBRD and IDA commitments and projected commitments. IBRD lending commitments to date were $18 billion and are currently estimated to be $19.4 billion at end-December. For FY10, the projected IBRD range is $39.4 to $52.1 billion. For IDA, commitments to date were $3.6 billion and are estimated to reach $4.3 billion by end-December. For FY10, IDA commitments are projected between $13.5 and $16 billion. Please also find a selection of operations recently approved (Table 2), as well as operations that are expected to be discussed by the Board in the next two weeks (Table 3). Also attached is a table which summarizes IDA Fast Track operations approved to date (Table 4), as well as those that are currently in the pipeline (Table 5). This list is subject to change. 1 Summary Update IBRD and IDA Lending Projections December 11, 2009 Table 1. FY07-FY09 Actual, FY10 YTD Actual and FY10 Projections (billions, US$) YTD Actual End-Q2 Actual FY10 Projections as of 12/11/09 Estimates FY07 FY08 FY09 FY10 FY10 Low Case High Case US$ billion IBRD 12.8 13.5 32.9 18.0 19.4 39.4 52.1 LCR 4.4 4.4 13.8 6.2 6.4 11.8 16.5 ECA 3.3 3.7 9.0 4.0 4.5 10.2 14.8 EAP 2.8 2.7 6.9 1.5 2.0 5.2 6.3 SAR 1.6 1.5 1.3 5.3 5.3 5.5 6.5 MNA 0.7 1.2 1.6 0.6 0.7 2.4 3.6 AFR 0.0 0.0 0.4 0.5 0.5 4.3 4.4 IDA 11.9 11.2 14.0 3.6 4.3 13.5 16.0 AFR 5.8 5.7 7.8 2.0 2.4 7.5 8.5 SAR 4.0 2.8 4.1 0.8 1.1 3.8 4.8 EAP 1.2 1.8 1.2 0.4 0.4 1.3 1.6 ECA 0.4 0.5 0.4 0.3 0.3 0.5 0.6 LCR 0.2 0.3 0.2 0.0 0.0 0.1 0.2 MNA 0.2 0.3 0.2 0.0 0.1 0.2 0.2 As of December 11, 2009 2 Table 2: Large Operations Recently Approved1 (Between November 9 and December 11) (millions, US$) IBRD Country Date Amount Third Programmatic Fiscal Management & Peru 11/12/2009 150 Comp. DPL Mauritius Fourth Trade and Competitiveness DPL 11/12/2009 50 Philippines Social Welfare and Development Reform 11/17/2009 405 Dominican Republic Programmatic Pub Finance & Social Sector DPL 11/17/2009 150 First Performance & Accountability of Social Dominican Republic 11/17/2009 150 Sectors DPL Serbia Programmatic Private Financial DPL 2 11/17/2009 100 Serbia Public Expenditure DPL 11/17/2009 100 Jordan Recovery under Global Uncertainty DPL 11/19/2009 300 Guatemala Expanding Opportunities for Venerable Groups 11/19/2009 115 Ukraine Hydropower ­ Additional Financing 11/19/2009 60 Mexico Economic Policies DPL 11/24/2009 1,504 Mexico Influenza Prevention and Control 11/24/2009 491 Bulgaria Municipal Infrastructure Development 11/24/2009 119 El Salvador Sustaining Social Gains 11/24/2009 100 El Salvador Income Support and Employability 11/24/2009 50 Belarus Development Policy Loan 12/01/2009 200 Bosnia and Enhancing SMN Access to Finance 12/03/2009 70 Herzegovina Peru 2nd Programmatic Environmental DPL 12/08/2009 50 India Andhra Pradesh Municipal Development 12/10/2009 300 India Sustainable Urban Transport Project 12/10/2009 105 IDA Country Date Amount Mozambique Sixth Poverty Reduction Support Credit 11/12/2009 110 Uganda Transport Sector Development Project 12/10/2009 190 1 Selected commitments during previous two weeks (i.e. above $50 million). Not intended to be exhaustive list, but rather indicative of relatively large operations. 3 Table 3: Large Upcoming Operations2 (Between December 14 and 31) (millions, US$) IBRD Country Date Amount Turkey Access to Finance for SMEs - AF2 12/15/2009 250 Kazakhstan Alma Transmission Project 12/15/2009 199 Bosnia and Enhancing SME Access to Finance 12/15/2009 70 Herzegovina Brazil Alagoas Fiscal and Public Management Reform 12/17/2009 196 Vietnam Public Investment Reform 1 12/21/2009 500 Egypt Health Insurance Systems Development 12/21/2009 75 IDA Country Date Amount Sri Lanka Provincial Roads Project 12/17/2009 105 Sri Lanka Emergency Northern Reconstruction Project 12/17/2009 65 Public Sector Capacity Building Program Support Ethiopia 12/21/2009 50 Project Tanzania PRSC 7 Supplemental 12/21/2009 170 India APRPRP 2nd Additional Finance 12/21/2009 100 2 Selection of large operations (>$50 million) expected to be presented to Board in upcoming two week period. Subject to change. 4 Table 4: IDA Fast Track Facility Approved Operations (millions, US$) Country Date Amount Armenia Rural Enterprise & Small Scale Ag 2/24/2009 2 Armenia Social Investment Fund 3 AF 2/24/2009 8 Armenia Lifeline Roads Improvement Emergency 2/24/2009 25 Congo, DR Emergence Project to Mitigate Impact Financial Crisis 2/26/2009 100 CAR Economic Governance & Reform II 3/30/2009 5 Vietnam Poverty Reduction Support Credit 8 6/25/2009 350 Mongolia Development Policy Credit 6/25/2009 40 Burkina Faso Poverty Reduction Support Grant 9 6/26/2009 100 Senegal Public Finance Support Credit 6/29/2009 60 Ghana Economic Governance and Poverty Reduction Credit 6/30/2009 300 Nigeria Development Policy Operation 7/28/2009 500 Sao Tome Principe Public and Natural Resource Management 8/7/2009 2 Lao PDR Poverty Reduction Support Operation 5 8/24/2009 20 Table 5: Upcoming IDA Fast Track Facility Operations3 (millions, US$) Country Date Amount Republic of Maldives Development Policy Credit 1/26/2010 12 3 Board dates of IDA Fast Track Operations are tentative and subject to change. 5