What is the legal documentation used for World Bank debt instruments?
The World Bank uses a universal debt documentation platform for most of its current debt issuance. The Global Debt Issuance Facility (GDIF), constitutes the general prospectus applicable for the vast majority of new debt issuance. In addition, for each new bond transaction, the World Bank prepares the Final Terms (previously the Pricing Supplement) that contains the terms of, and pricing details for, that issue. Under the GDIF, debt securities may be issued and outstanding in an unlimited aggregate principal amount. The Supplemental Information Statement for the Discount Note Program provides detailed information on the discount notes issued by the World Bank.
