1987 – Year of the shrinking market?
The global borrowings of the World Bank will fall to about $9 billion in 1987, as compared with $10.6 billion in 1986 and $11.1 billion in 1985.
The biggest of all the supranational borrowers, the World Bank this year had $69.8 billion outstanding in long-term debt, well diversified over 23 markets and 20 currencies. Short-term debt stood at $3.5 billion. The average cost of outstanding debt is 8.25%.
The bank in a major player in the swaps market, executing over $2 billion in swaps last year, mainly in yen and the major European currencies.
Its liquidity pool is over $20 billion, about 80% of total expected repayments over the next five years.
One reason for the expected fall in borrowing next year is that the bank’s loan disbursements have recently been lower than expected.
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