Financial credits: Indicative Financial Terms
| Terms/conditions/ Types of FCs | Stabilization credits for low-income member states | Sovereign loans for middle-income member states |
|
Interest rate (%, annually) |
1-3% | LIBOR |
|
Spread (over basic interest rate) |
none | Variable spread calculated for each 6-month accrual period as a difference between the cost of funding for Russia and Kazakhstan on the international markets and LIBOR |
|
Front-end fee (% of the amount of commitment) |
none | none |
|
Commitment fee (%, annually) |
none | none |
|
Maturity (years) |
up to 20 |
up to 10 |
|
Grace period (years) |
up to 5 | up to 5 |
|
Duration of the Programme (years) |
up to 3 |
up to 3 |
|
Requirements of co-financing by the Recipient |
none | none |
While setting credits financial terms, the EFSD Council considers IMF programmes recommendations on the long-term debt sustainability of a country.