What is the process for requesting interest rate and currency conversions or interest rate caps and collars?
To request a loan conversion, borrowers must submit a Conversion Request Form. The request must include a rationale for the conversion, conversion terms being requested, and specific IBRD loan(s) to be converted. Incomplete requests may not be executed. For any questions related to conversions, borrowers can contact the Banking and Debt Management team at any time (bdm@worldbank.org). Conversion Request Forms as well as the Guidelines for Conversion of Loan Terms can be downloaded from Treasury’s web site at Conversion Options for the IBRD Flexible Loan and, once prepared, should be sent to loanclientservices@worldbank.org. IBRD will make reasonable efforts to execute approved conversions within 15 business days. During the approval process, the borrower may be contacted for more information or clarification.
