Anil Bhandari
Anil Bhandari
Anil Bhandari
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IDA credits<br />
• interest-free credits to low-income countries<br />
• maturity 35-40, grace period 10 years<br />
• regular replenishments (3 years)<br />
• currencies: Special Drawing Rights (SDR)<br />
• service charge 0.75% on disbursed amount, commitment charge<br />
not exceeding 0.5% on undisbursed amount<br />
• allocation criteria for resources: poverty level; quality of borrower<br />
rrower’s<br />
policy and institutional performance captured in the CPIA 1 ;<br />
performance of country’s s active WB project portfolio<br />
• FY04 commitments: $ 9b total; $ 1.2b transport<br />
Lending instruments are the same for IBRD & IDA borrowers !<br />
1) Country Policy and Institutional Assessment
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