The United States is excluding the World Bank’s International Development Association (IDA) from complying with the Securities Act of 1933 and the Securities Exchange Act of 1934.
The exemption from U.S. securities laws generates substantial savings for the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC) and Multilateral Development Banks (MDB), the World Bank said.
Source: https://www.trustnodes.com/2023/04/18/us-excludes-world-bank-from-sec-regulations