Terms and Conditions of ODA Loans | Our Work

Terms and Conditions of Japanese ODA Loans

Terms and Conditions of Japanese ODA Loans (Effective from July 1, 2008)

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Category	GNI Per Capita (2006)		Standard / Option	Interest Rate (%)	Repayment Period (Years)	Grace Period (Years)	Conditions for Procurement
Least Developed Countries	Low-Income Countries	Minimal Interest Rate "MIRAI"		0.01	40	10	Untied
		General Terms	Standard	0.70	30	10	Untied
			Option 1	0.65	25	7
			Option 2	0.60	20	6
			Option 3	0.55	15	5
		Preferential Terms	Standard	0.55	40	10	Untied
			Option 1	0.45	30	10
			Option 2	0.40	20	6
			Option 3	0.30	15	5
Low-Income Countries	-US$ 905	General Terms	Standard	1.20	30	10	Untied
			Option 1	0.90	25	7
			Option 2	0.75	20	6
			Option 3	0.65	15	5
		Preferential Terms	Standard	0.55	40	10	Untied
			Option 1	0.45	30	10
			Option 2	0.40	20	6
			Option 3	0.30	15	5
		STEP	Standard	0.20	40	10	Tied
		STEP	Option	0.10	30	10	Tied
Lower- Middle-Income Countries	US$ 906 -US$1,735	General Terms	Standard	1.40	30	10	Untied
			Option 1	0.80	20	6
			Option 2	0.70	15	5
		Preferential Terms	Standard	0.65	40	10	Untied
			Option 1	0.55	30	10
			Option 2	0.50	20	6
			Option 3	0.40	15	5
		STEP	Standard	0.20	40	10	Tied
		STEP	Option	0.10	30	10	Tied
Middle-Income Countries	US$1,736 -US$3,595	General Terms	Standard	1.40	25	7	Untied
			Option 1	0.95	20	6
			Option 2	0.80	15	5
		Preferential Terms	Standard	0.65	40	10	Untied
			Option 1	0.55	30	10
			Option 2	0.50	20	6
			Option 3	0.40	15	5
		STEP	Standard	0.20	40	10	Tied
		STEP	Option	0.10	30	10	Tied
Upper- Middle-Income Countries	US$3,596 -US$6,275	General Terms	Standard	1.70	25	7	Untied
			Option 1	1.60	20	6
			Option 2	1.50	15	5
		Preferential Terms	Standard	1.20	25	7	Untied
			Option 1	1.00	20	6
			Option 2	0.60	15	5
Consulting Services		For consulting services, the interest rate will be minimal (0.01%), the repayment and grace periods and conditions for procurement will be the same as those for main components.
Options for Program Type ODA Loan		In case of co-financing, it is possible to apply the same repayment terms as co-financer's lending while maintaining the concessionality of ODA loans. For countries complying with ongoing IMF-supported programs or receiving grants from IDA, it is possible to modify the terms and conditions of the ODA Loan so as to meet the IMF's concessionality criteria.

Terms and Conditions of "Climate Change ODA Loan" (Cool Earth Loan)

Category	GNI Per Capita (2006)		Standard / Option	Interest Rate (%)	Repayment Period (Years)	Grace Period (Years)	Conditions for Procurement
SP	Low-Income Countries	Minimal Interest Rate "MIRAI"		0.01	40	10	Untied
		Untied	Standard	0.20	40	10	Untied
			Option 1	0.15	30	10	Untied
			Option 2	0.10	20	6	Untied
Low-Income Countries	-US$ 905	Untied	Standard	0.25	40	10	Untied
			Option 1	0.20	30	10	Untied
			Option 2	0.15	20	6	Untied
			Option 3	0.10	15	5	Untied
		STEP	Standard	0.10	40	10	Tied
Lower- Middle-Income Countries	US$ 906 -US$1,735	Untied	Standard	0.30	40	10	Untied
			Option 1	0.25	30	10	Untied
			Option 2	0.20	20	6	Untied
			Option 3	0.15	15	5	Untied
		STEP	Standard	0.10	40	10	Tied
Middle-Income Countries	US$1,736 -US$3,595	Untied	Standard	0.30	40	10	Untied
			Option 1	0.25	30	10	Untied
			Option 2	0.20	20	6	Untied
			Option 3	0.15	15	5	Untied
		STEP	Standard	0.10	40	10	Tied
Upper- Middle-Income Countries	US$3,596 -US$6,275	Untied	Standard	0.60	40	10	Untied
			Option 1	0.50	30	10	Untied
			Option 2	0.40	20	6	Untied
			Option 3	0.30	15	5	Untied
Consulting Services		For consulting services, the interest rate will be minimal (0.01%), the repayment and grace periods and conditions for procurement will be the same as those for main components.

STEP (Special Terms for Economic Partnership) is set and reconsidered on January 15 every year to make a tied aid eligible.
The concessionality level of optional terms does not exceed that of standard terms.
Under the EPSA initiative, the loan for projects co-financed with the AfDB are extended using "Preferential Terms", determined for each income category; in the case for low-income LDCs, the terms are MIRAI.
A two-step loan extended to the AfDB to cover its sub-loans to private enterprises under EPSA is extended using the term and condition of 0.55% interest rate and 40-year repayment period including 10-year grace period.
Irrespective of the country category, the terms applied for projects assisting recoveries from disasters are MIRAI.
Sectors and Fields of Preferential Terms and Special Terms for Economic Partnership (STEP)
Major Economics Classified by Income Category

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Official Development Assistance Loans

Terms and Conditions of Japanese ODA Loans

Terms and Conditions of Japanese ODA Loans (Effective from July 1, 2008)

Terms and Conditions of "Climate Change ODA Loan" (Cool Earth Loan)