Bond IBRD-Global 0% ( US45905UDM36 ) in USD

Issuer IBRD-Global
Market price 100 %  ▲ 
Country  United States
ISIN code  US45905UDM36 ( in USD )
Interest rate 0%
Maturity 03/03/2011 - Bond has expired



Prospectus brochure of the bond IBRD US45905UDM36 in USD 0%, expired


Minimal amount /
Total amount 30 000 000 USD
Detailed description The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans and advice to middle-income and creditworthy low-income countries for development projects.

The Bond issued by IBRD-Global ( United States ) , in USD, with the ISIN code US45905UDM36, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Bond maturity is 03/03/2011









PRICING SUPPLEMENT



INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT

Global Debt Issuance Facility
No. 2745
US$30,000,000
Callable Fixed Rate Step-up Notes due March 3, 2011



Morgan Stanley

The date of this Pricing Supplement is March 1, 2004





This document ("Pricing Supplement") is issued to give details of an issue by International Bank
for Reconstruction and Development (the "Bank") under its Global Debt Issuance Facility.
This Pricing Supplement supplements the terms and conditions in, and incorporates by reference,
the Prospectus dated October 7, 1997, and al documents incorporated by reference therein (the
"Prospectus"), and should be read in conjunction with the Prospectus. Unless otherwise defined
in this Pricing Supplement, terms used herein have the same meaning as in the Prospectus.
Terms and Conditions
The following items under this heading "Terms and Conditions" are the particular terms which
relate to the issue the subject of this Pricing Supplement. These are the only terms which form part
of the form of Notes for such issue:
1
No.:
2745
2
Aggregate Principal Amount:
US$30,000,000
3
Issue Price:
100.00 per cent. of the Aggregate Principal
Amount
4
Issue Date:
March 3, 2004
5
Form of Notes (Condition 1(a)):
Registered Notes only
6
Authorized Denominations
US$1,000
(Condition 1(b)):
7
Specified Currency (Condition 1(d)):
United States dollars ("US$")
8
Maturity Date (Conditions 1(a) and 6(a)):
March 3, 2011
9
Interest Basis (Condition 5):
Fixed Interest Rate (Condition 5(I))
10
Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
3.00 per cent. per annum in respect of the
period beginning on (and including) the Issue
Date and ending on (but excluding) March 3,
2005;

3.25 per cent. per annum in respect of the
period beginning on (and including) March 3,
2005 and ending on (but excluding) March 3,
2006;

3.50 per cent. per annum in respect of the
period beginning on (and including) March 3,
2006 and ending on (but excluding) March 3,
2007;

4.00 per cent. per annum in respect of the
period beginning on (and including) March 3,
2007 and ending on (but excluding) March 3,
2008;

5.00 per cent. per annum in respect of the
period beginning on (and including) March 3
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period beginning on (and including) March 3,
2008 and ending on (but excluding) March 3,
2009;

6.00 per cent. per annum in respect of the
period beginning on (and including) March 3,
2009 and ending on (but excluding) March 3,
2010; and

7.00 per cent. per annum in respect of the
period beginning on (and including) March 3,
2010 and ending on (but excluding) the
Maturity Date
(b) Fixed Rate Interest Payment March 3 of each year commencing on March
Dates(s):
3, 2005 and ending on the Maturity Date
(c)
Fixed Rate Day Count Fraction:
30/360
11
Relevant Financial Centre:
New York
12
Relevant Business Day:
New York and London
13
Issuer's Optional Redemption
Yes
(Condition 6(e)):
(a)
Notice Period:
Not less than 10 Relevant Business Days
(b)
Amount:
Al and not less than al
(c)
Date(s):
Each Interest Payment Date commencing on
March 3, 2005 and ending on March 3, 2010
(d) Early
Redemption
Amount
(Bank):
Principal amount of the Notes to be
redeemed
(e)
Notices:
As long as the Notes are represented by a
DTC Global Note and the DTC Global Note is
being held on behalf of a clearing system,
notwithstanding Condition 13, notices to
Noteholders may be given by delivery of the
relevant notice to that clearing system for
communication by it to entitled
accountholders, provided that so long as the
Notes are listed on the Luxembourg Stock
Exchange, and the rules of the exchange so
require, notice shall be published in a leading
daily newspaper in either the French or
German language and of general circulation
in Luxembourg
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Any notice delivered to a clearing system in
accordance with the preceding sentence shall
be deemed to have been given to the
Noteholders on the day on which such notice
is delivered to the clearing system
14
Redemption at the option of the
No
Noteholders (Condition 6(f)):
15
Long Maturity Note (Condition 7(f)):
No
16
Talons for Future Coupons to be attached No
to Definitive Bearer Notes (Condition
7(h)):
17
Early Redemption Amount (including Principal amount of the Notes to be
accrued interest, if applicable) (Condition redeemed plus accrued interest thereon
9):
18
Governing Law of the Notes:
English
Other Relevant Terms

19
Listing (if yes, specify Stock Exchange Luxembourg Stock Exchange
Exchange):
20
Details of Clearance System approved by DTC and Euroclear Bank S.A./N.V., as
the Bank and the Global Agent and operator of the Euroclear System. Payment
Clearance and Settlement Procedures:
for the Notes will be on a delivery versus
payment basis
21
Syndicated:
No
22
Commissions and Concessions:
None
23
Codes:

(a) CUSIP
45905UDM3
(b) ISIN
US45905UDM36
(c) Common
Code
018588706
24
Identity of Dealer(s)/Manager(s):
Morgan Stanley & Co. International Limited
25
Provisions for Registered Notes:

(a) Individual
Definitive
Registered
No. Interests in the DTC Global Note will be
Notes Available on Issue Date:
exchangeable for Definitive Registered Notes
only in the limited circumstances described in
the Prospectus
(b)
DTC Global Note(s):
Yes; one
(c)
Other Registered Global Notes:
No
General Information

The Bank's latest Information Statement was issued on September 15, 2003.
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The following additional selling restrictions shall apply to the issue:
United Kingdom:
Each Dealer is required to comply with al
applicable provisions of the Financial Services
and Markets Act 2000 with respect to anything
done by it in relation to the Notes in, from or
otherwise involving the United Kingdom

INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPMENT
By:
Authorised Officer

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INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
1818 H Street, NW
Washington, D.C. 20433

GLOBAL AGENT

Citibank, N.A.
P.O. Box 18055
5 Carmelite Street
London EC4Y 0PA

LISTING AND SPECIAL AGENT
AND PAYING AGENT
BNP Paribas Securities Services
23, Avenue de la Porte-Neuve
L-2085 Luxembourg

LEGAL ADVISERS TO THE MANAGER

Linklaters
One Silk Street
London EC2Y 8HQ



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