Final Terms dated 13 October 2020 International Bank for Reconstruction and Development Issue of TRY 100,000,000 12.00 per cent. Notes due 15 March 2023 (to be consolidated and form a single series with the existing TRY 125,000,000 12.00 per cent. Notes due 15 March 2023 issued on 15 March 2018, TRY 50,000,000 12.00 per cent. Notes due 15 March 2023 issued on 6 July 2018, TRY 50,000,000 12.00 per cent. Notes due 15 March 2023 issued on 15 August 2018, TRY 300,000,000 12.00 per cent. Notes due 15 March 2023 issued on 27 February 2020, TRY 100,000,000 12.00 per cent. Notes due 15 March 2023 issued on 16 July 2020 and TRY 75,000,000 12.00 per cent. Notes due 15 March 2023 issued on 13 August 2020) under the Global Debt Issuance Facility Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions (the "Conditions") set forth in the Prospectus dated May 28, 2008. This document constitutes the Final Terms of the Notes described herein and must be read in conjunction with such Prospectus. MiFID II product governance / Retail investors, professional investors and ECPs target markets – See Term 28 below. SUMMARY OF THE NOTES 1. Issuer: International Bank for Reconstruction and Development ("IBRD") 2. (i) Series Number: 100347 (ii) Tranche Number: 7 3. Specified Currency or Currencies Turkish Lira (“TRY”) (Condition 1(d)): 4. Aggregate Nominal Amount: (i) Series: TRY 800,000,000 (ii) Tranche: TRY 100,000,000 5. (i) Issue Price: 94.50 per cent. of the Aggregate Nominal Amount of this Tranche plus 215 days of accrued interest (ii) Net proceeds: TRY 101,568,000 6. Specified Denominations TRY 1,000 (Condition 1(b)): 7. (i) Issue Date: 16 October 2020 (ii) Interest Commencement 15 March 2020 Date (Condition 5(l)): 8. Maturity Date (Condition 6(a)): 15 March 2023 9. Interest Basis (Condition 5): 12.00 per cent. Fixed Rate (further particulars specified below) 10. Redemption/Payment Basis Redemption at par (Condition 6): 11. Change of Interest or Not Applicable Redemption/Payment Basis: 1 12. Call/Put Options (Condition 6): Not Applicable 13. Status of the Notes (Condition 3): Unsecured and unsubordinated 14. Listing: Luxembourg Stock Exchange 15. Method of distribution: Non-Syndicated PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 16. Fixed Rate Note Provisions Applicable (Condition 5(a)): (i) Rate(s) of Interest: 12.00 per cent. per annum payable annually in arrear (ii) Interest Payment Date(s): 15 March in each year, from and including 15 March 2021 to and including the Maturity Date, not subject to adjustment in accordance with a Business Day Convention (iii) Interest Period Date(s): Each Interest Payment Date (iv) Business Day Convention: Not Applicable (v) Fixed Coupon Amount(s): TRY 120 per Specified Denomination (vi) Broken Amount(s): Not Applicable (vii) Day Count Fraction Actual/Actual (ICMA) (Condition 5(i)): (viii) Other terms relating to the Not Applicable method of calculating interest for Fixed Rate Notes: PROVISIONS RELATING TO REDEMPTION 17. Final Redemption Amount of each TRY 1,000 per Specified Denomination Note (Condition 6): 18. Early Redemption Amount As set out in the Conditions (Condition 6(c)): GENERAL PROVISIONS APPLICABLE TO THE NOTES 19. Form of Notes (Condition 1(a)): Registered Notes Global Registered Certificate available on Issue Date 20. New Global Note: No 21. Financial Centre(s) or other special Istanbul, London and New York provisions relating to payment dates (Condition 7(h)): 22. Governing law (Condition 14): English 2 23. Other final terms: The first sentence of Condition 7(a)(ii) is hereby replaced by the following: "Interest (which for the purpose of this Condition 7(a) shall include all Instalment Amounts other than final Instalment Amounts) on Registered Notes shall be paid to the person shown on the Register at the close of business on the calendar day before the due date for payment thereof (the “Record Date”)." Condition 7(i) is hereby amended by replacing the words “of the noon buying rate in U.S. dollars in the City of New York for wire transfers for such Specified Currency as published by the Federal Reserve Bank of New York on the second Business Day prior to such payment or, if such rate is not available on such second Business Day, on the basis of the rate most recently available prior to such second Business Day”, with the words: “on the basis of a U.S. dollar/Specified Currency exchange rate determined by the Calculation Agent on the second Business Day prior to such payment, or, if the Calculation Agent determines that no such exchange rate is available on such second Business Day, on the basis of the exchange rate most recently available prior to such second Business Day. In making such determinations, the Calculation Agent will act in good faith and in a commercially reasonable manner having taken into account all available information that it deems relevant”. DISTRIBUTION 24. (i) If syndicated, names of Not Applicable Managers and underwriting commitments: (ii) Stabilizing Manager(s) (if Not Applicable any): 25. If non-syndicated, name of Dealer: Barclays Bank PLC 26. Total commission and concession: Not Applicable 27. Additional selling restrictions: Republic of Turkey The Notes have not been, and will not be, authorized by the Turkish Capital Markets Board (“CMB”) under the provisions of Law No. 6362 of the Republic of Turkey relating to capital markets. The Dealer has represented, warranted and agreed that neither the Prospectus, these final terms nor any other material related to the offering of Notes will be utilized in connection with any offering or sale to the public within the Republic of Turkey for the purpose of the sale of the Notes (or beneficial interests therein) without the prior approval of the CMB. In addition, the Dealer has represented, warranted and agreed that it has not sold or caused to be sold, and will not sell or cause to be sold, outside Turkey the Notes (or beneficial interests therein) to residents of Turkey, unless such sale is authorized pursuant to Article 15(d)(ii) of Decree No. 32 (as amended from time to time) and applicable CMB regulations. 3 28. MiFID II product governance / Retail Directive 2014/65/EU (as amended, “MiFID II”) product investors, professional investors and governance / Retail investors, professional investors and ECPs target markets: eligible counterparties (“ECPs”) target market: Solely for the purposes of the manufacturer’s product approval process, the target market assessment in respect of the Notes has led to the conclusion that (i) the target market for the Notes is eligible counterparties, professional clients and retail clients, each as defined in MiFID II; and (ii) all channels for distribution of the Notes are appropriate. Any person subsequently offering, selling or recommending the Notes (a “Distributor”) should take into consideration the manufacturer’s target market assessment; however, a Distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer’s target market assessment) and determining appropriate distribution channels. For the purposes of this provision, “manufacturer” means the Dealer. OPERATIONAL INFORMATION 29. ISIN Code: XS1791714147 30. Common Code: 179171414 31. Delivery: Delivery against payment 32. Registrar and Transfer Agent (if Citibank, N.A., London Branch any): 33. Intended to be held in a manner No which would allow Eurosystem eligibility: GENERAL INFORMATION IBRD's most recent Information Statement was issued on 23 September 2020. USE OF PROCEEDS Supporting sustainable development in IBRD’s member countries The net proceeds from the sale of the Notes will be used by IBRD to finance sustainable development projects and programs in IBRD’s member countries (without being committed or earmarked for lending to, or financing of, any particular projects or programs). Prior to use, the net proceeds will be invested by IBRD’s Treasury in accordance with IBRD’s liquid asset management investment policies. IBRD’s financing is made available solely to middle-income and creditworthy lower-income member countries who are working in partnership with IBRD to eliminate extreme poverty and boost shared prosperity, so that they can achieve equitable and sustainable economic growth in their national economies and find sustainable solutions to pressing regional and global economic and environmental problems. Projects and programs supported by IBRD are designed to achieve a positive social impact and undergo a rigorous review and internal approval process aimed at safeguarding equitable and sustainable economic growth. IBRD integrates the following five global themes into its lending activities helping its borrowing members create sustainable development solutions: climate change; gender; infrastructure, public-private partnerships and guarantees; knowledge management, and fragility, conflict and violence. IBRD’s administrative and operating expenses are covered entirely by IBRD's various sources of revenue (net income) consisting primarily of interest margin, equity contribution and investment income (as more fully described in the Information Statement). 4 LISTING APPLICATION These Final Terms comprise the final terms required for the admission to the Official List of the Luxembourg Stock Exchange and to trading on the Luxembourg Stock Exchange’s regulated market of the Notes described herein issued pursuant to the Global Debt Issuance Facility of International Bank for Reconstruction and Development. RESPONSIBILITY IBRD accepts responsibility for the information contained in these Final Terms. Signed on behalf of IBRD: By: Name: Title: Duly authorized 5