World Bank adjustment for Reconstruction and Development (IBRD) loan repayment
1, according to the principles of the Bank's new pricing, June 30, 2010 after the approval of the IBRD loan and guarantee programs, the average repayment period of not more than 12 years. Borrowers can choose to pay 10 basis points per year (0.10%), premium loans, the average repayment period will be extended to 12-15 years; or 20 annual payments of all basis points (0.20%) loan premium, the average repayment period will be extended to 15-18 years (average repayment period of up to 18 years). The World Bank said the loan premium to reflect the need to extend the repayment period of the incremental cost of capital.
Second, for the June 30, 2010 prior to negotiations, but on June 30 after the approval of the loan and guarantee programs (average repayment period of more than 12 years), the borrower may choose to shorten the loan before signing the average repayment period. June 30, 2010 approved the loan project will not be lending this pricing reform.
Third, under the new pricing rules, June 30, 2010 after the approval of the U.S. dollar LIBOR interest rates are as follows:
The average repayment period
Floating interest rate
Not more than 12 years