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Official Development Assistance Loans

Terms and Conditions of Japanese ODA Loans

Terms and Conditions of Japanese ODA Loans (Effective from April 1, 2009)

CategoryGNI Per Capita
(2007)
 Standard / OptionInterest
Rate
(%)
Repayment
Period
(Years)
Grace
Period
(Years)
Conditions
for
Procurement
Least Developed CountriesLow-Income CountriesMinimal Interest Rate
"MIRAI"
0.014010Untied
 General
Terms
Standard0.703010Untied
Option 10.65257
Option 20.60206
Option 30.55155
Preferential
Terms
Standard0.554010Untied
Option 10.453010
Option 20.40206
Option 30.30155
Low-Income
Countries
-US$935General
Terms
Standard1.203010Untied
Option 10.90257
Option 20.75206
Option 30.65155
Preferential
Terms
Standard0.554010Untied
Option 10.453010
Option 20.40206
Option 30.30155
STEPStandard0.204010Tied
Option0.103010
Lower-
Middle-Income
Countries
US$936
-US$1,785
General
Terms
Standard1.403010Untied
Option 10.80206
Option 20.70155
Preferential
Terms
Standard0.654010Untied
Option 10.553010
Option 20.50206
Option 30.40155
STEPStandard0.204010Tied
Option0.103010
Middle-Income
Countries
US$17,86
-US$3,705
General
Terms
Standard1.40257Untied
Option 10.95206
Option 20.80155
Preferential
Terms
Standard0.654010Untied
Option 10.553010
Option 20.50206
Option 30.40155
STEPStandard0.204010Tied
Option0.103010
Upper-
Middle-Income
Countries
US$3,706
-US$6,465
General
Terms
Standard1.70257Untied
Option 11.60206
Option 21.50155
Preferential
Terms
Standard1.20257Untied
Option 11.00206
Option 20.60155
Consulting ServicesFor consulting services, the interest rate will be minimal (0.01%) and the repayment, grace periods and conditions for procurement will be the same as those for main components.
Options for Program Type ODA LoanIn case of co-financing, it is possible to apply the same repayment terms as co-financer's lending while maintaining the concessionality of Japanese ODA loans. For countries complying with ongoing IMF-supported programs or receiving grants from IDA, it is possible
  • 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.
  • Irrespective of the country category, the terms applied for projects assisting recoveries from disasters are MIRAI.
  • The terms applied for Emergency Budget Support Japanese ODA Loan is Yen BBA LIBOR 6 month, repayment period 15 year(grace period 3 year) .

Terms and Conditions of "Climate Change ODA Loan" (Cool Earth Loan) (Effective from April 1, 2009)

CategoryGNI Per Capita
(2007)
 Standard
/ Option
Interest
Rate
(%)
Repayment
Period
(Years)
Grace
Period
(Years)
Conditions
for
Procurement
SPLow-Income CountriesMinimal Interest Rate
"MIRAI"
0.014010Untied
 UntiedStandard0.204010Untied
Option 10.153010Untied
Option 20.10206Untied
Low-Income
Countries
-US$935UntiedStandard0.254010Untied
Option 10.203010Untied
Option 20.15206Untied
Option 30.10155Untied
STEPStandard0.104010Tied
Lower-
Middle-Income
Countries
US$936
-US$1,785
UntiedStandard0.304010Untied
Option 10.253010Untied
Option 20.20206Untied
Option 30.15155Untied
STEPStandard0.104010Tied
Middle-Income
Countries
US$1,786
-US$3,705
UntiedStandard0.304010Untied
Option 10.253010Untied
Option 20.20206Untied
Option 30.15155Untied
STEPStandard0.104010Tied
Upper-
Middle-Income
Countries
US$3,706
-US$6,465
UntiedStandard0.604010Untied
Option 10.503010Untied
Option 20.40206Untied
Option 30.30155Untied
Consulting ServicesFor consulting services, the interest rate will be minimal (0.01%) and the repayment, 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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