International Bank for Reconstruction and Development (IBRD) Board of Governors Resolution ; No. 722 : Allocation of FY26 Net Income

Overview & Synopsis

On September 9, 2026, the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number seven hundred and twenty-two. It was resolved that the Report of the Executive Directors dated August 6, 2026 on Allocation of FY26 Net Income is hereby noted with approval; that the addition to the General Reserve of the IBRD of 1,064 million dollars, plus or minus any rounding amount less than 1 million dollars, is hereby noted with approval; that the IBRD allocates 157.1 million dollars of the formula-based 750 million dollar transfer to the International Development Association to Surplus on an interim basis for subsequent transfer to the Development Assistance and Remaining Engaged (DARE) Fund to provide direct financing to a broader set of third-party implementation partners for operations in member countries that do not have current authority to be represented to the IDA Board of Governors; that the IBRD transfers to the International Development Association, by way of a grant, the remaining 593 million dollars of the formula-based 750 million dollar transfer, which amount may be used by the Association to provide financing in the form of grants in addition to loans; such transfer is to be drawn down by the Association immediately upon approval by the Board of Governors of the IBRD; and that the IBRD allocates 500 million dollars to surplus.