ODA Loans

Terms and Conditions of Japanese ODA Loans

Terms and Conditions of Japanese ODA Loans (Effective from April 1, 2011)

(PDF Version: 59KB)

CategoryGNI Per Capita (2009) Standard/
Option
Interest Rate (%)Repayment Period (Year)Grace Period (Year)Conditions for Procurement
 Low-Income CountriesMinimal Interest Rate
"MIRAI"
0.014010Untied
Least Developed CountriesGeneral
Terms
Standard0.703010Untied
Option10.65257
Option20.60206
Option30.55155
Preferential
Terms
Standard0.554010Untied
Option10.453010
Option20.40206
Option30.30155
Low-Income
Countries
-US$995General
Terms
Standard1.203010Untied
Option10.90257
Option20.75206
Option30.65155
Preferential
Terms
Standard0.554010Untied
Option10.453010
Option20.40206
Option30.30155
STEPStandard0.204010Tied
Option0.103010
Lower-
Middle-Income
Countries
US$996-US$1,905General
Terms
Standard1.403010Untied
Option10.80206
Option20.70155
Preferential
Terms
Standard0.654010Untied
Option10.553010
Option20.50206
Option30.40155
STEPStandard0.204010Tied
Option0.103010
Middle-Income
Countries
US$1,906-US$3,945General
Terms
Standard1.40257Untied
Option10.95206
Option20.80155
Preferential
Terms
Standard0.654010Untied
Option10.553010
Option20.50206
Option30.40155
STEPStandard0.204010Tied
Option0.103010
Upper-Middle-Income
Countries
US$3,946-US$6,885General
Terms
Standard1.70257Untied
Option11.60206
Option21.50155
Preferential
Terms
Standard1.20257Untied
Option11.00206
Option20.60155
 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 Japanese 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.
  • 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.
  • 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" (Effective from April 1, 2011)

CategoryGNI Per Capita (2009) Standard/
Option
Interest Rate (%)Repayment Period (Year)Grace Period (Year)Conditions for Procurement
 Low-Income
Countries
Minimal Interest Rate
"MIRAI"
0.014010Untied
Least Developed CountriesUntiedStandard0.204010Untied
Option10.153010
Option20.10206
Low-Income
Countries
-US$995UntiedStandard0.254010Untied
Option10.203010
Option20.15206
Option30.10155
STEPStandard0.104010Tied
Lower-
Middle-Income
Countries
US$995-US$1,905UntiedStandard0.304010Untied
Option10.253010
Option20.20206
Option30.15155
STEPStandard0.104010Tied
Middle-Income
Countries
US$1,906-US$3,945UntiedStandard0.304010Untied
Option10.253010
Option20.20206
Option30.15155
STEPStandard0.104010Tied
Upper-
Middle-Income
Countries
US$3,946-US$6,885UntiedStandard0.604010Untied
Option10.503010
Option20.40206
Option30.30155
 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
  • New Terms and Conditions of Yen Loans

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