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What is Concessional Lending

Chapter 11
Handbook of Research on Global Institutional Roles for Inclusive Development
Is used to support low-income IMF member countries. Is issued to reduce poverty and stimulate economic growth in the country. The new lending terms have been used since 2010. The extended credit facility (ECF) is used for lending. Financial assets under the ECF are issued at a zero interest rate, for a period of up to 5.5 years, the full maturity is 10 years.
Published in Chapter:
International Financial Organizations: Russian Experience of Cooperation for Three Decades
Elena Viktorovna Burdenko (Plekhanov Russian University of Economics, Russia)
Copyright: © 2022 |Pages: 22
DOI: 10.4018/978-1-6684-2448-3.ch011
Abstract
The chapter examines Russia's cooperation with international financial organizations for the period from 1992 to 2021. Attention is paid to cooperation programs with the International Monetary Fund and projects implemented jointly with the International Bank for Reconstruction and Development, the Multilateral Investment Guarantee Agency, and the International Finance Corporation. The participation of Russia in the projects of the International Development Association is shown. The chapter analyzes the problems of Russia's cooperation with “old” international organizations.
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