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![]() The initiation fee is 15 bps of the principal amount or $100,000 (whichever is higher) the processing fee is up to 50 bps of the principal amount. In addition to the standby and guarantee fees, IDA guarantees for private sector borrowers are subject to an initiation fee and a processing fee, which are one-time fees paid up-front.The guarantee fee is currently fixed at 75 bps per annum, equal to the fixed level of service charges on IDA credits. A guarantee fee is applied on the disbursed and outstanding amounts of the guaranteed financing, in the same way service charges on IDA credits are applied.The standby fee is currently fixed at 0 bps per annum, but may change per changes in commitment charges. A standby fee is applied to the undisbursed balance of the guaranteed financing and is analogous to the commitment charge on IDA credits.Executive Directors review and approve the level of the commitment charge annually. IDA's Commitment charge is a variable charge set within a range of 0 - 0.5 percent of the undisbursed balance of IDA's credits and grants. The service charge is applied as a percentage of the disbursed and outstanding credit balance.ħ- All IDA concessional credits are subject to a commitment charge, which is currently nil. Credits approved in each quarter will be subject to the rates effective for that quarter.Ħ- To ensure that IDA covers its administrative expenses and to prevent a negative interest charge, IDA applies a floor of 75 bps for the service charge and total lending rate for all currencies. small economy terms) based on their vulnerability.Ĥ- Debt service payment dates are the 1 st or 15 th day of a month and semi-annually thereafter, as decided by the recipient during credit negotiation.ĥ- Fixed rates for single-currency credits are calculated and published quarterly. ![]() An exception to the GNI per capita operational cutoff for IDA eligibility has been made for some small states and small island economies (i.e. IDA credits on hardened terms (approved during IDA13-IDA15) and non-concessional credits are exempt from the accelerated repayment provisions.ģ- Blend terms apply to blend countries and IDA countries with GNI per capita above the operational cutoff for more than two consecutive years, known as "gap" countries. The maturity of credits approved between Jand Jare 25 or 40 years.Ģ- IDA credits include an acceleration clause, providing for doubling of principal payments from creditworthy borrowers where per capita income remains above eligibility thresholds. The maturity of IDA credits approved by the Board between Jand Jare 35 or 40 years. average maturityġ- The maturity of all IDA credits approved by the Board through Jis 50 years. IDA Terms (Effective as of January 1, 2024) Please check IDA's website for the latest lending rate information some rates might change as IBRD's spreads change.
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