IDA Terms(effective as of January 1, 2015)
FY15Acceleration
Commitment
Clause c/
Charge d/Year 7 ‐ 20 Year 21 ‐ 38
Principal Repayments

ServiceCharge forInterest rate
Credits e/

Maturity b/

Grace
PeriodGrants a/

NANA

NA

NA

NA

0.00%

NA

NA

Regular f/

38

6

3.125%

3.125%

Yes

0.00%

0.75%

NA

Blend g/25

53.3% h/6.7% i/

Yes

0.00%

0.75%

1.25%

25

5

3.3% h/6.7% i/

Yes

0.00%

0.75%

1.83%

NANA

NA

NA

NA

0.00% l/0.75% m/NA

Hard Term Lendingj/ k/Partial Risk
Guarantee
Notes:a/ Countries with a high risk of debt distress ('red‐light countries') receive 100 percent of their allocation in the form ofgrants and those with a moderate risk of debt distress ('yellow‐light countries') receive 50 percent in the form of grants.
Grants are not subject to repayment or service charges, but carry a 20 percent volume discount on the country's allocation.
b/ The maturity of all IDA credits approved by the Board through June 30, 1987 is 50 years. The maturity ofIDA credits approved by the Board between June 30, 1987 and June 30, 2011 are 35 or 40 years. The maturity of credits
approved between July 1, 2011 and June 30, 2014 are 25 or 40 years.
c/ IDA credits include an acceleration clause, providing for doubling of principal payments from creditworthy
borrowers where per capita income remains above eligibility thresholds. IDA credits on hardened terms (approvedduring IDA13‐IDA15) are exempt from the accelerated repayment provisions.
d/ 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. Executive Directors review and approve the level of the commitment charge annually.
e/ The service charge is 0.75 percent of the disbursed and outstanding credit balance.
f/ Regular credit for small island economies will continue to be 40 yr maturity; 10 yr grace period; 2% pa yrs 11‐20; 4% pa yrs 21‐40.
g/ Blend terms apply to blend countries and IDA countries with GNI per capita above the operational cutoff for more than
two consecutive years, known previously as "gap" or "hardened term" countries. An exception to the GNI per capita
operational cutoff for IDA eligibility has been made for some small island economies on the basis of their vulnerability.
h/ Year 6‐15.
i/ Year 16‐25.
j/ Blend countries (excluding small island states with a population of less than 1.5 million that receive regular IDA creditterms) are eligible for hard‐term IDA credits. These resources are additional to a country’s regular performance based
allocation. The access to hard‐term credits is expanded in proportion to the countries’ performance based allocation.
Standard IDA service and commitment charges apply plus a fixed interest charge for the life of each credit. IDA sets theinterest rate for hard‐term credits on an annual basis (in June of each year for the new fiscal year starting July 1)
as the fixed rate equivalent of IBRD interest rates less 200 basis points.
k/ The financing for transitional support is provided on terms that are harder than those for IDA hard term lending
but 100 basis points below the fixed rate equivalent of an IBRD loan. The rate is set on a quarterly basis and applies to credits
approved within that quarter. For Q3 of FY15 the rate is 2.35%. In addition to a fixed interest charge, transitional support credits
carry IDA's standard service charge (0.75 percent) and a variable commitment charge. Transitional support credit terms
include a 25 year maturity, a 5 year grace period, an amortization schedule reflecting a straight line amortization(5 percent per annum) and are exempt from accelerated repayment provision.
l/ This fee is applied to the undisbursed balance of the guaranteed financing and is analogous to the commitment charge on
IDA credits. The standby fee is currently fixed at 0 bps per annum. In addition, guarantees are subject to an initiation feeof 15 bps or $100,000 (which ever is higher) and a processing fee of up to 50 bps of the principal amount of the guarantee
for all private sector borrowers. The processing fee is assessed on a case by case basis and can be either waived orincreased in exceptional cases.
m/ The guarantee fee is applied on disbursed and outstanding amounts of a guaranteed financing, in the same way service
charges on IDA credits are applied. The guarantee fee is currently fixed at 75 basis points (bps) per annum, equal to thefixed level of service charges on IDA credits.