Based on data from the National Economic and Development Authority (Neda), Chinese financing can be obtained through concessional loans and preferential buyer's credit loans, which are both
tied loans.
And I hope we don't agree to bring in foreign governments and foreign workers (under ODA) with
tied loans, in which they're the supplier and builder-except in exceptional cases.
The accusation arises from the IMF's "structural adjustment" programs of the 1980s and 1990s, which
tied loans to strict budget regimes, and might have resulted in cuts to health spending.
The restriction made Korean companies unable to win valuable projects in developing nations as some international organizations, such as the World Bank, ban nations from using
tied loans for many commercially valuable projects.
The rate cuts, eyed as part of efforts to ease conditions for such low-interest loans extended as official development assistance (ODA), will include a cut in
tied loans to 0.
The results of the survey may lead to growing calls among politicians for greater use of
tied loans, in which the Japanese government offers yen loans on condition that projects be undertaken by Japanese firms.
Pettifor also claimed Japan's policy of giving
tied loans -- which call on the debtor country to spend the borrowed money on goods from the creditor country -- was serving poor countries badly.
The Clinton administration, it seems, wants flexibility and wants aid untied from
tied loans and separated from aiding only the predictable few bedfellows.
I hope the idea is not to bring in foreign governments and foreign laborers (under ODA) with
tied loans where they're the supplier and builder.
TOKYO, March 25 Kyodo Prime Minister Keizo Obuchi intends to pledge more than 10 billion yen in
tied loans with specially eased terms when he meets next Monday with Vietnamese Prime Minister Phan Van Khai, Foreign Ministry officials said Thursday.
Recipient countries of
tied loans are required to purchase goods and services for projects from Japanese businesses.
So these could involve
tied loans,' De Lima said in a press conference Thursday morning.
