Issue of Debt

1.

Series No.:

951

2.

Aggregate Principal Amount:

U.S.$20,000,000

3.

Issue Price:

U.S.$20,000,000, which is 100.00 percent of the Aggregate Principal Amount

4.

Issue Date:

November 20, 2024

5.

Form of Notes(Condition 1(a)):

Registered only

6.

New Global Note:

No

7.

Authorized Denomination(s)(Condition 1(b)):

U.S.$200,000 and integral multiples thereof

8.

Specified Currency(Condition 1(d)):

United States Dollars (U.S.$) being the lawful currency of the United States of America

9.

Specified Principal Payment Currency(Conditions 1(d) and 7(h)):

U.S.$

10.

Specified Interest Payment Currency(Conditions 1(d) and 7(h)):

U.S.$

11.

Maturity Date(Condition 6(a); Fixed Interest Rate and Zero Coupon):

November 20, 2034

12.

Interest Basis(Condition 5):

Fixed Interest Rate (Condition 5(I))

13.

Interest Commencement Date(Condition 5(III)):

Issue Date (November 20, 2024)

14.

Fixed Interest Rate (Condition 5(I)):

(a) Interest Rate:

5.10 percent per annum

(b) Fixed Rate Interest Payment Date(s):

Annually in arrear on November 20 in each year, commencing on November 20, 2025, up to and including the Maturity Date.

Each Fixed Rate Interest Payment Date is subject to the Business Day Convention, but with no adjustment to the amount of interest otherwise calculated.

(c) Business Day Convention:

Following Business Day Convention

(d) Fixed Rate Day Count Fraction(s):

30/360

15.

Relevant Financial Center:

New York

16.

Relevant Business Days:

New York

17.

Issuer's Optional Redemption (Condition 6(e)):

Yes, in whole but not in part

(a) Notice Period:

No less than five (5) Relevant Business Days prior to the Optional Redemption Dates

(b) Amount:

100.00 percent per Authorized Denomination

(c) Date(s):

November 20 in each year, commencing on November 20, 2026, up to and including November 20, 2033.

(d) Early Redemption Amount Bank:

100.00 percent of the Aggregate Principal Amount

18.

Redemption at the Option of the Noteholders (Condition 6(f)):

No

19.

Governing Law:

New York

Other Relevant Terms

1.

Listing:

None

2.

Details of Clearance System Approved by the Bank and theGlobal Agent and Clearance andSettlement Procedures:

Euroclear Bank SA/NV; Clearstream Banking S.A.

3.

Syndicated:

No

4.

Commissions and Concessions:

No commissions or concessions are payable in respect of the Notes. An affiliate of the Dealer has arranged a swap with the Bank in connection with this transaction and will receive amounts thereunder that may comprise compensation.

5.

Estimated Total Expenses:

The Dealer has agreed to pay for all material expenses related to the issuance of the Notes.

6.

Codes:

(a) ISIN:

XS2937306871

(b) Common Code:

293730687

7.

Identity of Dealer:

J.P. Morgan Securities plc

8.

Provision for Registered Notes:

(a) Individual Definitive Registered Notes Available on Issue Date:

No

(b)  DTC Global Note(s):

No

(c) Other Registered Global Notes:

Yes, issued in accordance with the Amended and Restated Global Agency Agreement, dated as of July 28, 2020, between the Bank, Citibank, N.A., London Branch as Global Agent, and the other parties thereto.

9.

Intended to be held in a manner which would allow Eurosystem eligibility:

Not Applicable

10.

Selling Restrictions:

(a) United States:

Under the provisions of Section 11(a) of the Inter-American Development Bank Act, the Notes are exempted securities within the meaning of Section 3(a)(2) of the U.S. Securities Act of 1933, as amended, and Section 3(a)(12) of the U.S. Securities Exchange Act of 1934, as amended.

(b) United Kingdom:

The Dealer represents and agrees that (a) it has only communicated or caused to be communicated and will only communicate or cause to be communicated an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000 (the "FSMA")) received by it in connection with the issue or sale of the Notes in circumstances in which Section 21(1) of the FSMA does not apply to the Bank, and (b) it has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to such Notes in, from or otherwise involving the UK.

(c) Singapore:

In the case of the Notes being offered into Singapore in a primary or subsequent distribution, and solely for the purposes of its obligations pursuant to Section 309B of the Securities and Futures Act (Chapter 289) of Singapore (the "SFA"), the Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A of the SFA) that the Notes are "prescribed capital markets products" (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

​

(d) General:

No action has been or will be taken by the Issuer that would permit a public offering of the Notes, or possession or distribution of any offering material relating to the Notes in any jurisdiction where action for that purpose is required. Accordingly, the Dealer agrees that it will observe all applicable provisions of law in each jurisdiction in or from which it may offer or sell Notes or distribute any offering material.