Financial terms and conditions of Grants

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The Fund’s financial terms and conditions of grants and concessional loans are outlined in the tables 1 and 2.

Table 1: Terms and conditions of outgoing grants

 

Concessional Description	Currency	Interest rate	Maturity	Grace period
Grants	Major convertible currency	Grants without repayment contingency: no reimbursement required1 Grants with repayment contingency: terms adapted to the required concessionality of the project or programme

 Table 2: Terms and conditions of outgoing concessional loans to the public sector

Concessional Description	Currency	Maturity (years)	Grace period (years)	Annual principal repayment years 11–20/6–20 (% of initial principal)	Annual principal repayment years 21–40 (% of initial principal)	Interest	Service fee (per annum)	Commitment fee (per annum)
High Concessionality	Major convertible currency	6	2	6.7%	4%	0.75%	0.50%	Up to 0.50%
Low Concessionality	Major convertible currency	3	1	2%	NA	0.00%	0.25%	Up to 0.75%

All grants will be subject to an obligation for repayment if the recipient is found to be in material breach of its contractual obligations towards the Fund or involved in a material violation

of the Fund’s integrity or fiduciary standards, including those on corruption and fraud. VIEW TERMS & CONDITIONS