	world bank to bring borrowing forward this year the world bank intends to bring borrowing forward into the first half of because it expects global  rates to rise by year end world bank vice president and treasurer eugene rotberg said he told a news conference that rates in the u s japan west germany and switzerland were near their lows the weight of opinion is that in a year from now there is a higher probability there will be one pct higher than one pct lower  rates he said the world bank had not issued floating rate notes so far this year because of the expectation of higher  rates the policy of the world bank was to maintain liquidity at a level that gave the bank flexibility to decide when where and how much to borrow rotberg said cash in hand was now about pct of the next three years anticipated net requirement and comprised pct of outstanding debt and pct of its debt maturing within five years although the world bank had pioneered the swap market it did not intend to launch new financial instruments just for the sake of innovation rotberg said of a total of billion dlrs debt outstanding only some eight billion had been swapped into another currency many recent innovations were either unfair to investors or unfair to borrowers until the world bank was confident that this was not the case it would not adopt new instruments the world bank would raise pct of the funds needed over the next year with methods used before rotberg said however for some pct of new requirements the bank would try out new instruments such as bonds with warrants the world bank had publicly offered bonds in germany since the first issue was launched in he said 
