The new funding will lower interest rates to concessional
levels on two $150 million health projects in Jordan and Lebanon, both of which will be financed in parallel by the World Bank Group and the Islamic Development Bank Group, as well as a $45 million wastewater project in Jordan to be financed by the European Bank for Reconstruction and Development," the statement said.
5 percent of GDP and lower real GDP growth of 1 percent per year would require not only concessional
financing with fixed interest rates through 2020 to cover gaps as well as doubling of grace and maturities on existing debt but also a significant haircut of debt," it said, "for instance, full write-off of the stock outstanding in the GLF facility (53.
25%, however Green Concessional
Loans are repayable over a maximum period of 10 years.
Under the concessional
import duty of 30%, the total duty incidence would fall around 80%, less than half off the current rates.
ADB is always able to timely and effectively respond to Cambodia's recent challenges with quality outcome by providing enormous concessional
loans, grants and technical assistances timely with no intricate, said PM Hun Sen at the 20th Anniversary of the Cambodia and ADB.
The Asian Development Bank unveiled Tuesday concessional
loans and grants worth $525 million for three years from next year to promote growth and development in Cambodia.
7 billion) in remaining windfall gold sales profits as part of a strategy to bolster the IMF's concessional
lending vehicle for low-income countries and make it sustainable.
August 28, 2012 (JUBA) - The Executive Board of the International Monetary Fund (IMF) has included South Sudan in a list of 72 low-income countries now eligible for concessional
assistance, including grants and loans at
loan plan focuses on green growth sectors to help developing nations respond to the climate change and achieve sustainable growth, while the grant plan focuses on contributing to the achievement of the Millennium Development Goals (MDGs) by increasing aid to the least developed countries.
Summary: Rabat - The French Development Agency (AFD) granted a concessional
loan of 60 million euros to Morocco's Fund for Road Financing (CFR) in order to finance the finalization of the 2nd rural roads national program (PNRR2).
lt;p>The agreement, signed in the framework of the 9th Moroccan-Spanish high level meeting under the co-chairmanship of the two countries' Prime Ministers, Abbas El Fassi and Jose Luis Rodriguez Zapatero, concerns concessional
credits amounting to E400 mln benefiting public projects and unconditional concessional
credits worth E100 mln, in addition to a donation of E20 mln.