| 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 | ||
| Option | 0.10 | 30 | 10 | ||||
| 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 | ||
| Option | 0.10 | 30 | 10 | ||||
| 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 | ||
| Option | 0.10 | 30 | 10 | ||||
| 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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