Explainer: Securities Registration Exemption for IDA



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.