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Terms and Conditions of Japanese ODA Loans (Effective from April 1, 2010)

Official Development Assistance Loans

Terms and Conditions of Japanese ODA Loans

Terms and Conditions of Japanese ODA Loans (Effective from April 1, 2010)

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Category	GNI Per Capita (2008)		Standard/ Option	Interest Rate (%)	Repayment Period(Year)	Grace Period (Year)	Conditions for Procurement
	Low-Income Countries	Minimal Interest Rate "MIRAI"		0.01	40	10	Untied
Least Developed Countries		General Terms	Standard	0.70	30	10	Untied
			Option1	0.65	25	7
			Option2	0.60	20	6
			Option3	0.55	15	5
		Preferential Terms	Standard	0.55	40	10	Untied
			Option1	0.45	30	10
			Option2	0.40	20	6
			Option3	0.30	15	5
Low-Income Countries	-US$975	General Terms	Standard	1.20	30	10	Untied
			Option1	0.90	25	7
			Option2	0.75	20	6
			Option3	0.65	15	5
		Preferential Terms	Standard	0.55	40	10	Untied
			Option1	0.45	30	10
			Option2	0.40	20	6
			Option3	0.30	15	5
		STEP	Standard	0.20	40	10	Tied
		STEP	Option	0.10	30	10	Tied
Lower- Middle-Income Countries	US$976-US$1,855	General Terms	Standard	1.40	30	10	Untied
			Option1	0.80	20	6
			Option2	0.70	15	5
		Preferential Terms	Standard	0.65	40	10	Untied
			Option1	0.55	30	10
			Option2	0.50	20	6
			Option3	0.40	15	5
		STEP	Standard	0.20	40	10	Tied
		STEP	Option	0.10	30	10	Tied
Middle-Income Countries	US$1,856-US$3,855	General Terms	Standard	1.40	25	7	Untied
			Option1	0.95	20	6
			Option2	0.80	15	5
		Preferential Terms	Standard	0.65	40	10	Untied
			Option1	0.55	30	10
			Option2	0.50	20	6
			Option3	0.40	15	5
		STEP	Standard	0.20	40	10	Tied
		STEP	Option	0.10	30	10	Tied
Upper-Middle-Income Countries	US$3,856-US$6,725	General Terms	Standard	1.70	25	7	Untied
			Option1	1.60	20	6
			Option2	1.50	15	5
		Preferential Terms	Standard	1.20	25	7	Untied
			Option1	1.00	20	6
			Option2	0.60	15	5
Consulting Services		For 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 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 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.
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, 2010)

Category	GNI Per Capita (2008)		Standard/ Option	Interest Rate (%)	Repayment Period (Year)	Grace Period (Year)	Conditions for Procurement
	Low-Income Countries	Minimal Interest Rate "MIRAI"		0.01	40	10	Untied
Least Developed Countries		Untied	Standard	0.20	40	10	Untied
			Option1	0.15	30	10
			Option2	0.10	20	6
Low-Income Countries	-US$975	Untied	Standard	0.25	40	10	Untied
			Option1	0.20	30	10
			Option2	0.15	20	6
			Option3	0.10	15	5
		STEP	Standard	0.10	40	10	Tied
Lower- Middle-Income Countries	US$976-US$1,855	Untied	Standard	0.30	40	10	Untied
			Option1	0.25	30	10
			Option2	0.20	20	6
			Option3	0.15	15	5
		STEP	Standard	0.10	40	10	Tied
Middle-Income Countries	US$1,856-US$3,855	Untied	Standard	0.30	40	10	Untied
			Option1	0.25	30	10
			Option2	0.20	20	6
			Option3	0.15	15	5
		STEP	Standard	0.10	40	10	Tied
Upper- Middle-Income Countries	US$3,856-US$6,725	Untied	Standard	0.60	40	10	Untied
			Option1	0.50	30	10
			Option2	0.40	20	6
			Option3	0.30	15	5
Consulting Services		For 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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