The Administration budget proposal for FY 2022 proposes to exempt securities issued by IDA from Securities and Exchange Commission registration requirements by according IDA securities the same exemption that currently applies to the securities of IBRD, IFC and other MDBs in which the United States is a member. If granted, over the next five years, the exemption will permit IDA to provide countries nearly $700 million of additional resources on the existing pledge platform.

Executive Director

Deputy Director

The Bretton Woods Committee is a nonpartisan network of global citizens that works to demonstrate the value of international economic cooperation and to foster strong, effective Bretton Woods institutions as forces for global well-being.

The U.S. Congress is at work this week to reach an agreement on an FY22 spending bill to avoid a government shutdown and provide much needed aid to Ukraine. The bill would also include annual funding for the International Financial Institutions (IFIs).

One item BWC hopes to see in the bill is an exemption for the World Bank’s International Development Association (IDA) from costly registration requirements with the U.S. Securities and Exchange Commission (SEC). If granted, this exemption will permit IDA to provide low-income countries nearly $700 million in additional resources. Read this explainer on the issue published by BWC’s Legislative Working Group.

LWG_Securities IDA Explainer_Final_1.pdf

Explainer: Securities Registration Exemption for IDA

Explainer: Securities Registration Exemption for IDA

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