|Category||GNI Per Capita
|Terms||Fixed / Floating||Standard / Option||Interest Rate (%)||Repayment Period (years)||Grace Period (years)||Conditions for Procurement|
|Low-Income Least Developed Countries1
(- US$ 1,045)
|Least Developed Countries
(- US$ 1,045)
|Preferential Terms for High Specification(2, same as below)||Fixed||Standard||0.25||30||10||Untied|
|Preferential Terms(3, same as below)||Floating(4, same as below)||Longer option||TORF+40bp||40||10|
|General Terms||Floating||Longer option||TORF+50bp||40||10|
|Lower-Middle-Income Countries||US$ 1,046 -
|Preferential Terms for High Specification||Fixed||Standard||0.50||30||10||Untied|
|Preferential Terms||Floating||Longer option||TORF+90bp||40||10|
|General Terms||Floating||Longer option||TORF+110bp||40||10|
|Upper-Middle-Income Countries and Uppermost-Middle-Income Countries||US$ 4,096 -||Preferential Terms for High Specification||Fixed||Standard||0.70||30||10||Untied|
|Preferential Terms||Floating||Longer option||TORF+110bp||40||10|
|General Terms||Floating||Longer option||TORF+130bp||40||10|
|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 Loans||In case of co-financing, it is possible to apply the same repayment terms as co-financer's lending while maintaining the concessionality of Yen loans.|
1 For Low-Income LDCs, three-year transition period will be granted to recipient countries that will move from the category of Low-Income LDCs, and, during the period, the terms and conditions for Low-Income LDCs will be applied to the projects of the countries.
2Preferential Terms for High Specification will be applicable to projects promoting quality infrastructure.The applicability of the terms will be decided on a case-by-case basis.
3 Preferential Terms are applied to the following sectors and fields to all countries (except Low-Income LDCs):
(i) Issues on Global Environmental and Climate Change
(ii) Health and Medical Care and Services
(iii) Disaster Prevention, and Reduction
(iv) Human Resource Development
4 The base rate of floating rate is the value of the 6-month TORF, and the fixed spread remains constant over the life of the loan. If the base rate plus fixed spread is lower than 0.1%, the interest shall be 0.1%.
5 Special Terms for Economic Partnership (STEP) is extended to the projects for which Japanese technologies and know-how are substantially utilized, based on the recipient countries' request to utilize and transfer excellent technologies of Japan. Countries (except LDCs), which are eligible for tied aid under Arrangement on Officially Supported Export Credits issued by OECD, are eligible for STEP terms.
6 Irrespective of the income category, the term and condition of 0.01% interest rate and 40-year repayment period including 10-year grace period are applied to projects assisting recoveries from disasters, including Stand-by Emergency Credit for Urgent Recovery (SECURE). For Stand-by Emergency Credit for Urgent Recovery (SECURE), the term and condition of 20-year repayment period including 6-year grace period, or 15-year repayment period including 5-year grace period are also available, in order to apply Currency Conversion Option.
7For Contingent Credit Enhancement Facility for PPP Infrastructure Development (CCEF-PPP), only floating rate will be applied irrespective of income category. The terms on conditions are individually set within the following range of interest rate as well as repayment period (In the case of short term financial support, however, the repayment period is 10 years).
- Interest rate: TORF + 35 ～55bp
- Repayment period: maximum 40-year(maximum 30-year drawdown period plus 10 year)