Should these worksheets or supporting documentation become lost or removed from a hard loan
file, the lender will have a difficult time defending against a claim by the regulator or investor.
The project loan will be hard loan
but the terms of loan were still not clear, however, it would be around 3 percent to 4 percent fixed interest rate.
"We must be fully confident that additional capital for the MDBs' hard loan
windows is needed and that any new resources will be managed well and used effectively," Geithner said.Aa
"We must be fully confident that additional capital for the MDBs hard loan
windows are needed and that any new resources will be managed well and used effectively," Geithner said.
Many of these properties eventually find a prime lender to replace the hard loan
at more competitive rates, but without the risk-tolerant lenders, the property never would have had a chance."
lending to the few member countries whose economies are eligible under the new criteria fell to $1.4bn in 1994 from $2.3bn in 1991.
During a briefing about the status of the multibillion-shilling endeavour at the Chinese embassy in Nairobi on Tuesday, the country's Charge d'affaires Li Xuhang said the amount would be in form of concessional and hard loans
."We all know that the first phase of SGR from Mombasa to Nairobi cost S27 billion and the second phase Sh150 billion.