Anil Bhandari
Anil Bhandari
Anil Bhandari
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IBRD loans<br />
• loans to middle-income income countries<br />
• maturity 10-20, grace period 3-53<br />
5 years<br />
• resources raised in financial markets<br />
• currencies: USD, EUR, JPY 1<br />
• base rate 6-month Libor, reset semiannually<br />
• spread fixed or variable (if fixed, 0.75% of loan amount)<br />
• front-end fee 1% of loan amount<br />
• commitment fee 0.75 - 0.85 % on undisbursed amount<br />
• FY04 commitments: $ 11b total; $ 2.5b transport<br />
1) And any other currency which IBRD can efficiently intermediate.<br />
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