10/02/2008
Loans from international financial organizations to changes in the communications
With regard to loans from international financial institutions related to changes in the communications - International Fund for Agricultural Development Loan According to the International Fund for Agricultural Development borrowing countries the per capita national income to determine the level and duration of the loan period. By 2007, IFAD will be included in our level of low-income countries, so in order to fund the high degree of preferential loans to China's conditions for the provision of loans: interest-free loans, 0.75 percent in service charges, a 40-year loan period, including a grace period l0 years. From the beginning of 2008, IFAD will be included in China's middle-income country levels, adjust the loan conditions are: the World Bank loan for the hard half of the annual interest rate of loans, loans from the 40-year period be shortened to 20 years, including a grace period of 5 years . Tends to harden the conditions of loans, loan costs.
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