secretariat report on oda loans in 2011 january 2014 on 2011 oda... · 2016-03-29 · secretariat...

SECRETARIAT REPORT ON ODA LOANS IN 2011

January 2014

Pursuant to a DAC agreement on 8 April 2013, this note presents the Secretariat's report on monitoring and

assessing the reporting of members' ODA loans in 2011. The complete list of loans is available here.

The report is based on members' reporting to the Creditor Reporting System and responses to a

questionnaire distributed to all loan-extending members.

Background

1. The DAC agreed on a proposal on concessionality in April 2013. The agreement (see Annex 1)

recognises that there are different views on the interpretation of “concessionality in character” among DAC

members. In particular, the DAC has noted the respective rationales of three members – European Union,

France and Germany – that encompass their views of concessionality in character (see Annex 2). For other

members, the practice of ODA reporting remains that loans made from market-raised funds are only reported as concessional if they have an element of official sector subsidy.

2. This note presents the Secretariat report on ODA loans in 2011, as provided for in paragraphs 12-

13 of the DAC agreement. The report assesses the reporting of loans by all members against a) the ODA

directives, b) the practice of ODA reporting, and c) the High Level Meeting principles and decisions

(reproduced for ease of reference in Box 1). A list of all ODA loans committed in 2011 as reported by

members to the Creditor Reporting System and with further information from the Secretariat’s

supplementary data request – part and parcel of this report – is available here.1

Box 1. High Level Meeting principles and decisions

At the 2012 HLM, the DAC agreed on several principles regarding concessionality in character. These are that ODA reporting should: i) Withstand a critical assessment from the public; ii) Avoid creating major fluctuations in overall ODA levels; iii) Be generally consistent with the way concessionality is defined in multilateral development finance; iv) Maintain the definition of ODA, and only attempt to clarify the interpretation of loans that qualify as ODA; and v) Prevent notions that ODA loan schemes follow a commercial logic: this includes the principle that financial reflows should be reinvested as development resources.

The HLM also decided: i) on transparency regarding the terms of individual ODA loans; ii) to ensure equal treatment of all DAC members; iii) to establish, as soon as possible, and at the latest by 2015, a clear, quantitative definition of “concessional in character”, in line with prevailing financial market conditions; and iv) to recognise development loans extended at preferential rates – whether “concessional in character” under a future post-2015 definition or not – as making an important contribution to development.

1 . Following suggestions from members regarding the annual report, the Secretariat sent a request on 10 July

2013 for complementary data to the eleven members that had reported ODA loans for 2011 with a deadline

for responses on 26 July 2013. See Annex 3.

Assessment of loans

3. Eleven members reported ODA loan commitments in 2011: Australia, Belgium, European Union

(EU), Finland, France, Germany, Italy, Korea, Japan, Portugal and Spain. All responded to the

Secretariat’s request for complementary data. The analysis and statistics on 2011 ODA loans presented in

this section are based both on members’ regular reporting in the CRS (see Table 1 below and Tables A1

and A2 in Annex 4) and their responses to the supplementary data request (see Table 2). Finland’s reply

suggested the commitment it reported is closer to an equity than a loan. The commitment in question has

therefore been excluded from the analysis below.

a) Against ODA Directives

4. Members confirmed that all the loans they reported as ODA in 2011 were for developmental

purposes. All except Japan provided complementary information on the developmental objectives of the

loans [see here for the list of loans]2. All loans also meet the 25% grant element threshold provided for

in the ODA definition3. The ODA definition also requires loans to be “concessional in character”; this

criterion is examined under section I.b).

5. Tables 1, A1 and A2 – similar to Tables 20-22 of the Statistical Annex of the Development Co-

operation report – highlight a number of facts:

ODA overall mainly consists of grants, with grants comprising 85.5% of total DAC ODA.4

Members with significant shares of loans in their ODA comprise the EU (grant share = 77%),

France (71%), Germany (80%), Japan (57%), Korea (45%) and Portugal (54%).

The average grant element of ODA loans for the ten loan-giving members is 59%, with values

below the average for EU (43%), France (43%), Germany (48%) and Spain (58% – one loan

only). The lower grant elements are explained by shorter average maturities (EU: 15 years,

France: 17, Germany: 16, DAC average: 24) and higher average interest rates (EU: 2.4%, France:

3.3%, Germany: 2.1%, DAC average: 1.7%).

Members comply with the minimum grant element of ODA commitments of 86%, as provided

for by the 1978 DAC Terms Recommendation, except for France (84.1%) and Portugal (85.8%).

The specific norms for LDCs (90% annually for all LDCs, or 86% 3-year average for each LDC)

are met by all members except Portugal.

2 . Japan explained that the loans contributed to the development objectives described in the field “short

description” of regular CRS reporting. In several cases, Germany referred to the “long descriptions” CRS

field.

3 . However, for several members the date of commitment reported is earlier than 2011, which affects the

calculation of the grant element. These transactions are being checked bilaterally with the members

concerned.

4 . This “grant share” is the total value of grant commitments divided by the total value of all ODA

commitments (grants, loans and equities). The “grant element” is a measure of the softness of terms, either

of an individual loan or of total ODA commitments. Grants have a grant element of 100%; the grant

element of loans depends on their interest rate, grace period, and maturity. For an explanation of grant

element calculations, see DCD/DAC/STAT(2012)18/REV1.

http://www2.oecd.org/oecdinfo/info.aspx?app=OLIScoteEN&Ref=DCD/DAC/STAT(2012)18/REV1

b) Against the practice of ODA reporting

6. “Concessional in character” is not precisely defined in the Directives and, as such, there are

different views on its interpretation among DAC members. The recommendation by the Secretariat,

followed by a majority of members, has been that loans made from market-raised funds are only reported as concessional if they have an element of official sector subsidy.

7. Belgium, Japan, Korea, Portugal and Spain explicitly confirmed they have not changed their

practice of ODA reporting for loans (cf. paragraph 11 of the DAC agreement), and their supplementary

data indeed show that their ODA loans consist either of loans made from public funds (none of these

loans bore an interest rate above 2%) or of loans made from market-raised funds including an explicit

subsidy.

8. EU, France and Germany have explained in their rationales their views of concessionality in

character.5 Their complementary data confirmed that a number of their loans (43 for EU, 9 for France and

5 . As development finance has evolved over time, variability in donor interpretations regarding the meaning

of "concessional in character" has led to reported figures not being endorsed by all the members, with

regards to loans extended from funds raised on capital markets without any official public sector direct

Table 1. Financial Terms of ODA Commitmentsa

Grant element of

total ODA Grant element Grant element

Norm: 86%b

Grant element of ODA of bilateral ODA

2011 Bilateral ODA Total ODA of ODA loans to LDCsc

to LDCs

Australia 99.8 98.5 98.7 80.6 100.0 100.0

Austria 100.0 100.0 100.0 - 100.0 100.0

Belgium 99.9 99.5 99.7 83.6 100.0 100.0

Canada 100.0 100.0 100.0 - 100.0 100.0

Czech Republic 100.0 100.0 100.0 - 100.0 100.0

Denmark 100.0 97.6 98.2 - 100.0 100.0

EU Institutions 87.1 76.3 76.7 42.8 99.9 99.9

Finland 100.0 95.4 96.6 - 100.0 100.0

France 84.1 56.6 70.7 43.3 98.2 96.9

Germany 90.9 68.2 79.9 47.5 100.0 100.0

Greece 100.0 100.0 100.0 - 100.0 100.0

Iceland 100.0 100.0 100.0 - 100.0 100.0

Ireland 100.0 100.0 100.0 - 100.0 100.0

Italy 99.6 88.5 96.7 88.2 100.0 100.0

Japan 89.2 46.0 56.7 75.0 98.0 97.1

Korea 93.9 35.1 45.2 88.9 95.1 94.0

Luxembourg 100.0 100.0 100.0 - 100.0 100.0

Netherlands 100.0 100.0 100.0 - 100.0 100.0

New Zealand 100.0 100.0 100.0 - 100.0 100.0

Norway 100.0 91.2 93.6 - 100.0 100.0

Portugal 85.8 33.1 54.2 68.9 83.1 78.4

Spain 99.4 82.0 89.9 57.9 98.3 95.5

Sweden 100.0 99.8 99.9 - 100.0 100.0

Switzerland 100.0 97.3 98.1 - 100.0 100.0

United Kingdom 100.0 88.0 93.7 - 100.0 100.0

United States 100.0 100.0 100.0-

100.0 100.0

TOTAL DAC 94.7 80.8 85.5 59.4 99.4 99.1

a) Excluding debt reorganisation. Equities are treated as having 100% grant element, but are not treated as loans.

b) Countries whose ODA commitments as a percentage of GNI is below the DAC average are not considered as having

met the terms target. This provision disqualified the Czech Republic, Greece, Iceland, Italy, Korea and the United States in 2011.

c) Including imputed multilateral grant element.

Grant share of:

10 for Germany) were made from funds raised on capital markets and did not include any explicit subsidy.6

These loans were generally extended under a statutory guarantee and their terms were determined loan-by-

loan on a cost-recovery basis. Moreover, they were reported to provide benefits to the recipients (no

alternative financing available, terms softer than those prevailing on local markets). The remainder of

loans by EU, France and Germany (3, 39 and 51 loans respectively) are consistent with other members’

reporting practice, i.e. they are either made from public funds or, if made from market-based funds, include

an explicit subsidy.

9. Members extending loans made from public funds explained that these are either on IDA terms

or on established terms which may vary by recipient income group (e.g. Royal Decree for Belgium,

standard conditions agreed by Federal Government for Germany, matrix by Japan). The terms of loans

made from market-raised funds without a subsidy follow the logic of cost recovery, i.e. adding margins to

the cost of borrowing to cover administrative costs and risks.

c) Against the High Level Meeting principles and decisions

10. When the DAC noted the rationales of the EU, France and Germany on 8 April 2013, it was also

agreed that reporting in bona fide according to these rationales could be accepted. It further stated that the

present report would be prepared “for discussion and approval by the DAC in full consideration of the

HLM principles and decisions”.

11. The complementary data request included a few specific questions to help assess the reporting

against the HLM principles and decisions. In particular, for loans made from market-raised funds

members were invited to indicate whether financial reflows were to be reinvested as development

resources (cf. HLM principle v). Four members that had reported such loans confirmed that reflows were

used for developmental purposes.7 The additionality of the financing and its preferential terms were also

confirmed8.

12. Members were also invited to provide information on the loan currency to enable the calculation

of the grant element of the loan using the IMF methodology current at the time9, and thereby test the

compliance of the reporting with HLM principle iii (“be generally consistent with the way concessionality

is defined in multilateral development finance”). The results are shown loan-by-loan #list_of_loanshere

and averages by member in Table 2.

13. The IMF methodology was created in a specific Debt Limits Policy (DLP) context for Low

Income Countries and is currently under review. The analysis shows that using the IMF methodology – a

key benchmark for assessing the concessionality of multilateral lending – results in significantly lower

subsidy. The DAC is committed to updating and refining its statistical reporting directives by 2015 to

ensure consistency in the application of "concessional in character" in the reporting of ODA.

6 . See in the list of loans the loans made from market-raised funds, with no explicit subsidy.

7 . France and Japan stated “yes” and the EU referred to the rationale provided by the EC on EIB loans.

Germany stated that the “reflows strengthen the capital stock of KfW, therewith allowing growing lending

volumes for development loans in the future.”

8 . France and Germany provided an explanation loan-by-loan; the EU stated for all loans “Yes, loan extended

at concessional terms, interest rate below DDR”.

9 . The IMF superseded its previous calculation methodology for loan concessionality which was based on the

currency-specific long-term commercial interest reference rate (CIRR) and adopted a new methodology

based on a fixed discount rate, currently 5% (effective as of December 2013). The analysis of this report

uses the previous methodology based on CIRR.

levels of concessionality of ODA loans. Half of the loans reported as ODA in 2011 would not be

concessional using the IMF definition. This applies to the vast majority of loans from EU, France and

Germany, but also a significant number of loans from Japan. Together these loans amount to USD 13

billion. Counting only loans meeting the IMF concessionality threshold (grant element of 35% calculated

using variable discount rates) would result in a decrease of total ODA commitments by 6%. It is a matter

of judgment whether the reporting on loans would “withstand a critical assessment from the public” (cf.

HLM principle i), “be generally consistent with the way concessionality is defined in multilateral

development finance” (HLM principle iii), and whether the decrease leads to “major fluctuations in overall

ODA levels” (cf. HLM principle ii).

6

Table 2. Summary of members’ responses on characteristics of 2011 ODA loans

Note: grant element and concessionality levels have been calculated by the Secretariat

Num

ber o

f loan

s

Am

ount, USD

mill

ion

Gra

nt ele

men

t (dis

count

rate

=10%

)

Conce

ssio

nality

leve

l

(dis

count r

ate=

DDR)

Conce

ssio

nality

leve

l

(IMF d

isco

unt rat

e)

Sourc

e of f

unds

Exp

licit

subsi

dy

Guar

ante

e

Oth

er fi

nanci

al e

lem

ents

contr

ib. t

o

conce

ssio

nality

Additi

onality

Met

hod for det

erm

inin

g

the

term

s

Au

str

ali

a

1 62 81 72 73 Public funds. No. No.

Zero interest; 10-year grace

period; 40-year repayment

period.

Yes, as the conditions offered

under this arrangement are

far better than what would

have prevailed in local

markets.

Mutual agreement with borrower, concessional.

Belg

ium

2 9 84 59 68 Public funds.

Interest subsidy in

one loan; no

explicit subsidy in

the other.

Yes (transaction-

specific).

Associated grant financing in one

case.

Yes, better financial

conditions than those

prevailing on local markets;

transfer of unique know-how

and technology.

Established conditions for state-to-state loans

based on Belgian royal decree of May 30, 2007.

Eu

rop

ean

Un

ion

46 4598 43 19 21 Market-raised funds.Yes: 3 loans.

No: 43 loans.

Yes (statutory):

31 loans (incl. the

3 loans with

explicit subsidy).

No: 15 loans.

Technical assistance: 13 loans.

Yes, loans extended at

concessional terms, interest

rates below DDR.

According to project requirements and aimed at

cost coverage. Borrower benefits from guarantee

and/or technical assistance and/or budgetary

effort as the case may be.

Fra

nce

49 3536 43 10 19

Public funds:9 loans.

Market-raised: 39

loans.

No answer for one loan.

Yes: 39 loans.

No: 9 loans (all of

which from

market-raised

funds).

Yes: 4 loans.

No: 44 loans.

No answer for one

loan.

The pricing of the loan does not

include equity remuneration (32

loans); the pricing of the loan

does not include risk margin nor

equity remuneration (13 loans);

additional grant (one loan).



available, or no alternatives

(e.g. for local administration).

Rate based on the cost of market resources for

AFD plus a margin to cover overhead costs, and

risk for non-sovereign loans (40 loans) except

for:

- 3 tied loans: terms negociated with the

recipient authorities, schemes include a grant

element of 35% (using DDR), in compliance with

OECD rules on tied aid;

-3 loans with fixed rate backed by a highly

concessional resource from the French State,

and margin to cover strictly overhead costs;

- 2 loans with a rate capped by IMF rules.

7

Num

ber o

f loan

s

Am

ount, USD

mill

ion

Gra

nt ele

men

t (dis

count

rate

=10%

)

Conce

ssio

nality

leve

l

(dis

count r

ate=

DDR)

Conce

ssio

nality

leve

l

(IMF d

isco

unt rat

e)

Sourc

e of f

unds

Exp

licit

subsi

dy

Guar

ante

e

Oth

er fi

nanci

al e

lem

ents

contr

ib. t

o

conce

ssio

nality

Additi

onality

Met

hod for det

erm

inin

g

the

term

s

Germ

an

y

61 3266 47 19 25

Public funds:16 loans.

Market-raised: 28

loans.

Blended public/market-

raised: 17 loans.

Yes: 51 loans.

No: 10 loans (all

of which from

market-raised

funds).

Yes (statutory) for

the 10 loans with

no explicit

subsidy.

No: 51 loans.

Accompanying consultancy

measures to support the project

implementation and the capacity

of the partner (54 loans);

additional federal budget grant

for technical assistance aiming at

knowledge transfer, capacity

building and support throughout

the implementation of the project

(7 loans).



prevailing on local markets,

incentives brought about with

the loans, transfer in

technology.

For loans made from public funds: following IDA

terms or established rates (standard conditions

as agreed with Federal Government for pure

budgetary funds).

For loans made from market-raised funds and

for blended loans: determined by means of

individual pricing on a cost coverage basis (i.e.

by adding margins to the cost of borrowing to

cover administration, country risk/counterpart

risk, cost of capital). The subsidy effect of the

additional budgetary fund, or of the guarantee for

unsubsidised loans, is passed on to the

borrower.

Italy

3 138 88 66 74 Public funds. Yes. No.

The financial elements that

contribute to the concessionality

level are the interest rate, the

duration of the loan and the

grace period.

Yes, since the Italian credit

lines are granted to countries

in the developing world, no

financial alternatives to our

credits generally are available

on-site.

The terms and financial conditions of the loan

are calculated on the basis of the element of

concessionality of the loan by applying a

mathematical formula (formula OLIN).

Jap

an

69 8540 75 31 36 Partially market-raised. Yes (all loans). No. Yes.

A loan terms matrix classified by income level is

established, and loans are extended in

accordance with this matrix.

Ko

rea

28 1054 89 77 82 Public funds. No. No.

Yes, no other financing at

lower/comparable conditions

available to the beneficiary.

Established rates, tenors and grace periods.

Po

rtu

gal

7 321 69 35 47 Market-raised. Yes (all loans).Yes (transaction-

specific).



prevailing on local markets.

Sp

ain

1 56 58 24 24 Public funds. Yes. No.

Associated grant financing. The

interest rate is much below the

one in the recipient market and

also below the DDR.

Yes, provides co-financing

and risk-sharing to clients not

able to access funding

otherwise.

Bilateral negotiation between IDB and Spanish

Government.

8

ANNEX 1. PROPOSAL ON CONCESSIONALITY APPROVED BY THE DAC ON 8 APRIL 2013

The DAC has discussed for some time the interpretation of concessionality in character in the ODA

statistics. Due to the fact that there were different views among members, the DAC decided to discuss this

topic and the different options presented by the Secretariat and by the Chair of the DAC at the High Level

Meeting (HLM) in London in December 2012.

At the HLM, the DAC agreed on several principles regarding concessionality in character. These are that

ODA reporting should: i) Withstand a critical assessment from the public; ii) Avoid creating major

fluctuations in overall ODA levels; iii) Be generally consistent with the way concessionality is defined in

multilateral development finance; iv) Maintain the definition of ODA, and only attempt to clarify the

interpretation of loans that qualify as ODA; and v) Prevent notions that ODA loan schemes follow a

commercial logic: this includes the principle that financial reflows should be reinvested as development

resources.

The HLM also decided: i) on transparency regarding the terms of individual ODA loans; ii) to ensure equal

treatment of all DAC members; iii) to establish, as soon as possible, and at the latest by 2015, a clear,

quantitative definition of “concessional in character”, in line with prevailing financial market conditions;

and iv) to recognise development loans extended at preferential rates- whether “concessional in character”

under a future post-2015 definition or not - as making an important contribution to development.

On 20 February 2013, the DAC decided to mandate its bureau to present a proposal to the Committee, in

line with the HLM principles and decisions and in line with the current ODA-eligibility requirements. This

proposal would merge transparency with the need for a more clear assessment of loans and ensure that all

DAC members are treated equally.

Proposal

The DAC, pursuing the HLM principles and decisions and recognising the need for a long- term discussion

and a short-term solution on concessionality in character, will take the following steps.

1. The DAC will work to contribute to the development finance global debate.

2. In order to pursue the decision of the HLM to establish, as soon as possible, and at the latest by 2015, a

clear, quantitative definition of concessional in character, in line with prevailing financial market

conditions, the DAC will start a debate on the definition of concessionality in character, as part of the

broader debate on development finance.

3. The rationale presented by EU, France and Germany, referred to in paragraph 5 below, is a welcome

contribution for this discussion.

4. Other members are also encouraged to share in the DAC their own views regarding the future definition

of concessionality in character.

9

5. The DAC notes the willingness of the three members, whose loans were subject to references for the

2011 ODA statistics, to continue to provide information on those loans according to the DAC Statistical

Reporting Directives (i.e., terms and conditions of individual loans, including interest rates, maturity and

grace periods). Together with this information, the three members will have to present respectively a

rationale, that encompasses their own views of concessionality in character, and that is sufficiently clear

and objective. The rationales will refer to the HLM principles and decisions and they will state clearly that

loans are not given on a profit basis.

6. The DAC will discuss the rationales with a forward looking perspective and will take note of them,

recognising that there are different views on concessionality in character.

7. If the DAC notes the rationales, the DAC will consider that a notification done in bona fide according to

the rationales is a reporting practice that can be accepted.

8. To ensure transparency the DAC will present an annex to annual releases of new ODA data, online or on

paper, stating that there are different views on concessionality in character. For the purpose of information,

the annex will present the rationales of the three members, as well as the current practice of other DAC

members.

9. The DAC will only apply this solution to ODA data from 2011 to 2014. There will be no retroactive

changes to loans extended before 2011.

10. In order to ensure equal treatment, the DAC will take note of the rationale presented by the EU,

concerning the European Investment Bank (EIB) loans since 2008.

11. This process will not imply changes in the current or past reporting practice of other DAC Members.

12. The Secretariat fulfils a fundamental role of advising members and will present an annual report on

monitoring and assessing the reporting of loans by all members. This report will assess loans, starting with

2011 figures, against a) the ODA directives b) the practice of ODA reporting and c) the High Level

Meeting principles and decisions. The report should indicate if any changes of practice have occurred that

need to be discussed by the DAC. The Report will be for discussion and approval by the DAC in full

consideration of the HLM principles and decisions.

13. The report will also contribute to the DAC discussions regarding the need to find a solution for the

concept of concessionality and it will mention the steps that have been undertaken to find that solution.

14. The approach outlined in this document is understood exclusively as a transitory solution, and should

not pre-empt any decisions to be taken in the context of deliberations on post-2015 development finance.

15. The DAC instructs the Secretariat to apply decisions outlined as above and adjust the information on

final 2011 ODA figures and preliminary 2012 ODA figures accordingly.

16. Procedure:

a) The DAC is invited to agree on the process outlined in paragraph 1 to 15 by written procedure by the 8

April 2013 cob.

b) The EU, France and Germany are invited to revisit their rationales and to complement information

already provided to be in line with paragraph 5 by 15 April 2013; subsequently they will be submitted to

the DAC for written procedure.

10

ANNEX 2. RATIONALES FOR ODA LOANS BY EUROPEAN UNION, FRANCE AND

GERMANY

Rationale of the EU’s development loans

EIB loans comply with the ODA-eligibility requirements set out in the DAC Statistical Reporting

Directives which are applicable to all DAC Members equally. In addition, they are in line with the

principles agreed at the HLM in December 2012 and notably with the five criteria mentioned in paragraph

18 of the HLM Communiqué:

Regarding development purpose and additionality: The EIB fosters sustainable development outside the

EU under the ACP-EU Cotonou Agreement for ACP countries and on the basis of an explicit mandate by

the Council of the EU and the European Parliament (the so-called External Lending Mandate) for the other

external regions.

The EU via the EIB provides external financing in areas where long-term capital is lacking either because

markets are not active or because they are not yet functioning sufficiently well. Documentation of the

additionality of the EIB loans is part of the internal project appraisal. Maturities might reach up to 20 or 25

years, for example in the case of infrastructure projects where they are essential to make these projects

viable.

Regarding the donor effort: Given that recipient countries outside the EU are not EIB shareholders,

lending to these countries generally involves a higher degree of risk in EIB operations. This is the reason

why the EU budget provides a sovereign risk guarantee (for public sector coverage of commercial and

political risk, for private sector full coverage of political risk). The EU guarantee involves a direct

budgetary effort, since its costs are borne by the EU budget. It enables the EIB to lend to developing

countries on terms it would otherwise not be able to offer in terms of maturities, grace period, interest rate

and other contractual obligations. This amounts to the sovereign/political risk being borne entirely by the

EU. Some of the loans also benefit from direct grants and technical assistance.

Regarding not-for-profit: The EIB operates on a non-profit basis (ref. 309 TEU) as a policy-driven public

Bank owned by the EU Member States. The EIB’s lending operations outside the EU are not conducted

with a commercial or profit purpose. In line with the EIB policies, interest rates on loans are set in such a

way that the income therefrom enables the Bank to meet its obligations, to cover its expenses and risks,

and to operate on a sustainable basis. The loans provided by the EIB are priced in such a way that these

statutory provisions are satisfied.

French rationale on ODA loans

All French loans declared as ODA are concessional in character and they fully respect the principles

agreed at the HLM:

1- All loans granted by the French Development Agency bring a major contribution to

development objectives.

All loans granted by AFD and declared as ODA are part of the French development strategy.

11

These loans offer to the beneficiaries (i) a source of financing when alternatives are not always available

(in particular in the case of non-sovereign financing) and (ii) much better financial conditions (interest rate,

duration, grace period, credit risk tolerance) compared to those prevailing on local markets.

2- ODA loans are offered at preferential interest rates including a donor effort, and are not

designed to make profit.

AFD ODA loans are not designed along a profit-oriented banking model. They systematically include a

French Government subsidy, either explicitly through a grant to lower the interest rate, or implicitly,

because the interest rates offered to the beneficiaries do not reflect the full costs of the loans, and are

therefore much lower for the beneficiaries. In particular:

- The pricing of the loans does not include any return on AFD equity: the equity, required for the loans’

commitments is brought by the French Government;

- The pricing of both sovereign and non-sovereign loans declared as ODA is established without any

profit margin. In addition, the cost of credit risk is not included in the rate offered to partner

Government: it is borne by the French Government.

3- Net earnings contribute to reinvesting in development activities.

AFD end-of-the-year net earnings are mostly the result of activities not declared as ODA (activities in

French overseas territories and activities linked to Proparco, AFD private sector development subsidiary).

Net earnings are used in particular to increase AFD equity and therefore contribute to increase its abilities

to supply development loans.

Rationale of German Development Loans

German development loans are concessional in character and ODA-eligible, because they are in line with

the HLM principles and comply with the ODA reporting directives:

1. The loans incorporate an effort by the German government either by means of an explicit

subsidy element (grant) or an implicit one in form of a guarantee. In the latter case the German

government guarantees for the default of loans. This guarantee can be statutory or transaction

specific and lowers the funding costs and the risk margins for the executing development bank

(KfW). The full costs of subsidies and guarantees are defrayed by the German government. Thus,

the interest rate does not reflect the full costs of the loan, which are lowered considerably for

partner countries. Subsidies and guarantees are part of the annual federal budget which is approved

by parliament.

2. The loans are attested development relevant. Each loan is mandated by the Government according

to German development cooperation rules and strategies. The loans are part of the official

government negotiations with partner countries and they provide benefits to the recipients being

extended at softer terms and longer maturities and grace periods than other sources of financing.

They provide additional financing for MICs, so liberating ODA- funds for LDCs, in sectors in

which financing through credits is developmentally sound.

3. The loans do not earn any profits for Germany as the beneficial owner of KfW development

bank. Its interest rates depend on maturity, grace period, currency and initial risk of the partner

country. Any reduction in the interest rate through a Federal guarantee or a direct subsidy (grant)

as well as better refinancing rates of the development bank are passed on to the borrowing partner

country in full. The German development bank does not distribute any earnings to its shareholders.

Instead all revenues are reinvested for development purposes.

12

ANNEX 3. LIST OF SUPPLEMENTARY DATA REQUESTED FROM MEMBERS

Secretariat message of 10 July 2013 requesting, by 26 July, complementary data from the eleven

members that reported ODA loans for 2011

1. Have there been any changes in your ODA loan reporting practice during the year under review?

A. Development objectives

2.Describe the development objectives

B. Effort by the donor

3. Is an explicit subsidy element, i.e. grant, included in the loan: yes/no?

4. Is the loan guaranteed: yes/no? Specify whether the guarantee is statutory or transaction-specific.

5. What other financial elements contribute to concessionality?

C. Benefit to the recipient

6. Is the loan made from market-raised funds: yes/no?

7. If so, are financial reflows reinvested as development resources: yes/no?

8. Is the loan "additional": yes/no? Specify: e.g. alternatives are not available to the beneficiaries, better financial conditions than those prevailing on

local markets.

9. Loan currency, if different from reporting currency (column U)

10. Borrower: sovereign/non sovereign?

11. Full details of the terms of the loan as agreed with the borrower, if different from terms reported to the CRS (e.g. terms of the loan in local

currency).

D. Further specifications on the loans

12. Method for determining the terms of the loan: established rates, tenors and grace periods; following IDA terms or some other benchmark;

adding margins to the cost of borrowing to cover administration, country risk etc.; other (please specify).

13. Other: any additional information that may be useful to the Secretariat when drafting the report on ODA loans (e.g. explanation of blending

funds from different sources, identification in the reporting of separate tranches of one financial package or additional details on the tranches

including their terms).

13

ANNEX 4. STANDARD STATISTICS ON ODA LOANS

Table A1. DAC members' compliance in 2011 with the 1978 DAC Terms Recommendation

Volume test:

ODA commitmentsa

as per cent of GNI

Grant element of 3-year average

ODA commitmentsa

ODA commitmentsa 2011 Norm: Annually for all LDCs for each LDC

USD million Norm: 86%b 0.25% Norm: 90% Norm: 86%

2011 2011 2011 2011 2009-2011c

Australia 4 911 99.8 0.34 100.0 c

Austria 1 195 100.0 0.29 100.0 c

Belgium 2 827 99.9 0.54 100.0 c

Canada 5 970 100.0 0.35 100.0 c

Czech Republic 253 100.0 0.13 100.0 c

Denmark 2 831 100.0 0.82 100.0 c

EU Institutions 20 498 87.1 - 99.8 c

Finland 1 584 100.0 0.60 100.0 c

France 13 103 84.1 0.46 96.9 c

Germany 19 411 90.9 0.53 100.0 c

Greece 425 100.0 0.15 100.0 c

Iceland 25 100.0 0.21 100.0 c

Ireland 914 100.0 0.51 100.0 c

Italy 4 196 99.6 0.19 100.0 c

Japan 19 735 89.2 0.33 97.1 c

Korea 1 923 93.9 0.17 94.0 c

Luxembourg 413 100.0 0.98 100.0 c

Netherlands 5 857 100.0 0.70 100.0 c

New Zealand 588 100.0 0.38 100.0 c

Norway 5 116 100.0 1.04 100.0 c

Portugal 701 85.8 0.31 78.4 n

Spain 4 700 99.4 0.32 95.5 c

Sweden 4 990 100.0 0.91 100.0 c

Switzerland 3 745 100.0 0.55 100.0 c

United Kingdom 7 273 100.0 0.30 100.0 c

United States 32 461 100.0 0.21 100.0 c


b) Countries whose ODA as a percentage of GNI is below the DAC average are not considered as having

met the terms target. This provision disqualified the Czech Republic, Greece, Iceland, Italy, Korea and the United States in 2011.

c) c = compliance, n = non compliance.

Grant element of bilateral ODA

commitmentsa to LDCs

(two alternative norms)

14

Table A2. Other Terms Parameters for loan-giving DAC members, 2011 a

Commitments

Australia BelgiumEU

InstitutionsFrance Germany Italy Japan Korea Portugal Spain Total DAC

1.3 0.3 22.3 27.4 17.4 3.3 43.3 54.8 45.8 1.2 13.1

Average

maturity

(years) 35.7 30.0 14.9 17.0 16.2 32.8 32.0 40.9 29.8 12.0 23.9

Average grace

period

(years) 5.7 11.0 4.9 6.8 5.3 18.0 8.8 13.4 10.9 12.0 7.4

Average interest

rate

(per cent) 0.0 0.0 2.4 3.3 2.1 0.0 0.7 0.1 1.8 1.5 1.7

Grant element

(per cent) 80.6 83.6 42.8 42.9 47.5 88.2 75.0 88.9 68.9 57.9 59.5

Maturity

(years) 35.7 30.0 6.7 9.9 8.0 21.0 18.5 35.2 29.0 12.0 20.0

Grace period

(years) 5.7 11.0 2.2 5.4 3.0 10.5 0.5 10.7 20.0 12.0 6.0

Interest rate

(per cent) 0.0 0.0 2.2 5.0 3.4 0.2 2.5 0.1 3.3 1.5 1.5

Grant element

(per cent) 80.6 83.6 26.5 25.0 26.0 75.5 40.3 85.1 60.5 57.9 55.3

Concessionality

level (DDR) b

71.5 58.9 13.3 - 6.1 3.0 47.9 0.7 71.8 17.9 23.7 28.9

Concessionality

level (IMF) c

73.1 68.0 11.2 - 1.6 6.2 57.3 3.8 76.8 33.5 23.7 31.9

- - 3 457 2 469 2 045 - 2 045 - - 240 8 213


Loan share of total ODA (%)

Terms of

bilateral loans

Terms of the

bilateral loan

with the lowest

grant element

Volume of loans below 50%

grant element (USD million)

b) Calculated using the Differentiated Discount rates.

c) Calculated using the IMF methodology.

15

SECRETARIAT REPORT ON ODA LOANS IN 2011

List of individual loans

List of ODA loans reported by DAC members in 2011, commitments in USD million

GE: grant element, calculated using a fixed discount rate of 10% (DAC method)

CL (DDR): concessionality level, calculated using differentiated discount rates (method for calculating the concessionality level of tied aid loans under the OECD

Arrangement on Officially Supported Export Credits)

CL (IMF): concessionality level, calculated using variable discount rates (IMF method)

AUSTRALIA

Loans made from public funds

CRSID Recipient Short description Amount Interest GE CL

(DDR)

CL

(IMF)Development objectives Loan

guaranteedOther financial elements

contributing to concessionality

Additionality Borrower

2006001140 Indonesia EINRIP IMPLEMENTATION 62 0.00 81 72 73 To support Indonesian regional economic and social

development, particularly in Eastern Indonesia.

No (i) Zero interest; (ii) 10 year grace

period; (iii) 40 years repayment period.

Yes, as the conditions offered under this

arrangement are far better than what would

have prevailed in local markets.

Sovereign

16

BELGIUM



(DDR)

CL





2010010272 Vietnam PRÊT D'ETAT À ETAT - INSTALLATION

D'UN PETIT SATELLITE DE COLLECTE DE

DONNÉES ENVIRONNEMENTALES

7 0.00 84 59 68 The satellite will be fitted with equipment that allows for

more detailed observations necessary for an evidence

based and durable management in the agricultural sector

and for monitoring pollution. This will allow the

Vietnamese government to make better and durable use

of its natural ressources, as well as to improve disaster

prevention and preparedness. In addition, the project

provides for the transfer of technology and know-how as

well, by training Vietnamese engineers, and by providing

additional scientific equipment.

Yes,

transaction-

specific

The loan is part of a package with i.a.

2 grants and an interest bonification

Yes please specifiy: better financ. conditions

+ transfer of unique know-how and

technology

Sovereign

2011011931 Ghana PRÊT D'ETAT À ETAT - INSTALLATION DE

LAVOIRS DANS 12 ÉTABLISSEMENTS

HOSPITALIERS

2 0.00 84 59 68 Setting up of industrial washing machines with a view to

increasing hygiene and public health

Yes,

transaction-

specific

none Yes please specifiy: better financial

conditions than those prevailing on local

markets

Sovereign

17

EUROPEAN UNION INSTITUTIONS

Loans made from market-raised funds, with explicit subsidy

CRSID Recipient Short description Amount Interest Maturity Grace GE CL

(DDR)

CL

(IMF)

Development objectives Loan

guaranteed

Other financial

elements

contributing to

concessionality


2009310118 Cameroon CAMWATER 56 2.25 20 5 53 32 33 Amélioration du niveau de vie des populations

urbaines; création de conditions cadre

favorisant l'intervention du secteur privé pour

une meilleure couverture et efficience du

service public d'eau potable . Bénéfices

économiques importants: dimunition des

dépenses de santé dues à des maladies

hydriques, gains de temps et surplus du

consommateur grace à un accès accru à l'eau

à un tarif moyen plus bas

Yes, statutory Technical assistance Yes,loan extended at

concessional terms,

interest rate below

DDR

Sovereign

2009310103 Kenya MOMBASA-NAIROBI TRANSMISSION LINE 83 1.89 21 7 58 38 39 The project provides for key energy

infrastructure, a vital component to the

economic and industrial development of the

country, and an essential prerequisite for

private sector development across all

economic sectors, and ultimately poverty

alleviation.. The project concerns the

implementation of two 400 kV overhead

transmission lines Mombasa-Embakasi and

Suswa-Isinya of length, respectively 462 and

100 km and the related substations works. The

project aims at reinforcing the electricity

transmission network of Kenya

Yes, statutory - Yes,loan extended at

concessional terms,

interest rate below

DDR

Sovereign

2010001298 Mauritania MAURITANIA SUBMARINE CABLE CONNECTION 10 0.32 15 2 52 33 37 The project will develop international

connectivity for the country and reduce prices

for broadband access. Although this is

presented as a national project, it will also

develop connectivity to other countries in West

Africa and more generally the continent. The

project is in line with the Africa-EU

Infrastructure Partnership from 2007, especially

under priority action 1 which aims to bridge the

digital divide and to enhance the use of

information and communication technologies

(ICTs) as key enablers for poverty reduction,

growth and socioeconomic development in

Africa. The project concerns the connection of

Mauritania to ACE (Africa Coast to Europe), a

new fibre optic submarine cable that is planned

to connect about 20 countries along the

Western Coast of Africa and Europe, between

France and São Tomé and with a possibility of

extension to South Africa.


concessional terms,

interest rate below

DDR

Sovereign

18

EU, Loans made from market-raised funds, with no explicit subsidy


(DDR)

CL


guaranteedOther financial

elements contributing

to concessionality


2010001226 Albania SECONDARY AND LOCAL

ROADS

70 3.41 16 6 42 14 20 The project is part of an ongoing programme of rehabilitation of

secondary and local roads. The Project will improve access to

essential services and economic markets, via the provision of all

weather roads, for the resident population in the hinterland of the

project roads.

Yes, statutory Technical assistance Yes,loan extended at concessional terms,

interest rate below DDR

Sovereign

2010001239 Armenia YEREVAN METRO

REHABILITATION PHASE I

7 2.36 16 5 46 22 27 The project, fully supported by the government and local authority, will

improve the public transportation infrastructure and thus provide

significant positive environmental impact in the city of Yerevan. The

project should contribute to generate benefits through savings in

operating and maintenance costs, resulting also in a subsequent

decrease in energy consumption and improvement in the urban

environment to keep the level of modal split ratio. The project will also

improve the working conditions of the Yerevan Metro Company’s

personnel.



Sovereign

2009310075 Bosnia-

Herzegovina

IRBRS LOAN FOR SMES 70 2.14 14 6 47 26 22 Global Loan for financing SME projects, small and medium

infrastructure projects promoted by local authorities and final

beneficiaries of any size for industrial investments in the fields of i2i,

energy, environmental protection, and tourism



Sovereign

2010001273 Brazil GAS DISTRIBUTION SAO

PAULO - COMGAS B

139 0.98 11 5 47 25 25 Rehabilitation, expansion and operation of gas distribution grids in the

greater São Paulo area. The project will contribute to a reduction in

CO2 emissions and more efficient use of energy.

Yes, statutory - Yes,loan extended at concessional terms,


Non Sovereign

2011001220 Chile LAJA HYDRO POWER PLANT

PROJECT

77 3.72 9 9 44 7 7 The project provides for increasing demand of electricity from

renewable energy sources, supporting climate change mitigation and

promoting environmentally sustainable energy, which contributes to

economic development. It will be an important step in diversifying

sources of electricity supply and reducing dependence on expensive

fossil-fuel generation.

No - Yes,loan extended at concessional terms,


Non Sovereign

2009310110 Congo, Rep. PORT AUTONOME DE

POINTE NOIRE

40 3.50 14 5 38 16 12 Le projet a pour objet la remise à niveau des principales infrastructures

du port et leur adaptation à l'évolution du trafic conteneurisé. Les

nouvelles infrastructures portuaires contribueront au développement

du commerce extérieur du Congo et de la sous-région.



Non Sovereign

19

EU, Loans made from market-raised funds, with no explicit subsidy – cont’d


(DDR)

CL

(IMF)


guaranteed

Other financial

elements

contributing to

concessionality


2009310058 Egypt WIND FARM GULF OF

EL ZAYT

70 3.98 22 8 45 20 22 The project contributes to meet growing electricity

demand using sustainable wind energy resources. The

project is fully in line with the strategic objectives of

environmental sustainability and climate change

mitigation.


concessional terms,

interest rate below

DDR

Sovereign

2010001259 Egypt GIZA NORTH POWER

PLANT

417 0.87 20 6 62 39 44 Construction of a 1500 MW gas-fired combined-cycle

power plant. Contribution to Specific Regional Objectives

of the Mandate in FEMIP: Support for enabling

environment for private sector through strengthening of

economic and social infrastructure.

Yes, statutory Technical

assistance

Yes,loan extended at

concessional terms,

interest rate below

DDR

Sovereign

2010001243 Georgia WATER

INFRASTRUCTURE

MODERNISATION

56 2.02 26 6 59 33 39 Sovereign loan to Georgia for investments to rehabilitate

and modernise municipal water sector infrastructure.

Contributions to environmental improvements, energy

efficiency and climate change mitigation justify a high

mark for contribution to mandate objectives.


concessional terms,

interest rate below

DDR

Sovereign

2010001301 Georgia VARDNILI & ENGURI

HYDRO

REHABILITATION

28 1.90 17 4 49 25 30 Rehabilitation works at the Enguri and Vardnili cascade of

hydro-power plants located in the breakaway republic of

Abkhazia. Contributions to renewable energy supply,

operational safety of energy infrastructures, as well as

climate change mitigation justify a high mark for

contribution to mandate objectives


assistance


concessional terms,

interest rate below

DDR

Sovereign

2011001221 Jordan JORDAN INDIA

FERTILIZER

113 3.85 13 4 32 1 1 The project will have a positive impact on economic

activity in the host country, which is resource-poor with

scarce water reserves; its only natural reserves are potash

and phosphate. This project will add value to a cheap

domestic raw material, while creating some 350 direct

permanent jobs and some 750 temporary jobs during

construction. It is deemed probable that there will be

further positive effects resulting from the related

development and use of support infrastructure and through

export revenues.


concessional terms,

interest rate below

DDR

Non

Sovereign

2011001219 Mexico SCA TISSUE MEXICO 101 1.35 7 7 45 18 18 The project fulfils the entire EIB social requirements and

the impact of the plant result to be positive because of the

much needed employment creation. The promoter

contributes to the neighbouring communities’ social

infrastructure (a potable water tank reservoir has been

offered by the promoter). Construction of manufacturing

plant for the production of tissue (toilet paper) from

recycled paper in Tepeapulco, Hidalgo (Mexico), with an

annual capacity of 60 kt


concessional terms,

interest rate below

DDR

Non

Sovereign

20



(DDR)

CL




to concessionality


2010001271 Moldova SOCIETE GENERALE SME &

ENERGY ENV LOAN

28 2.06 11 1 33 14 14 The loan contributes to Neighbourhood development policies and to climate change

objectives. Loan to SMEs; part of the Joint IFI action plan in support of banking

systems and lending to the real economy; increase of energy efficiency and

environmental protection; reduction of greenhouse gas and other emissions;

economic development. A dedicated loan for SMEs, including a tranche for small and

medium scale energy / environment projects promoted by mid-caps and public

entities, through Societe Generale Group's subsidiaries in Georgia and Moldova



Non Sovereign

2010001284 Montenegro MONTENEGRO LOAN FOR

SMES INVESTBANKA C

3 4.04 12 4 30 5 5 The operation provides support mainly to SMEs, which constitute the key driver for the

country’s economic and social progress, improve competitiveness of the country’s

industry, contribute to environmental protection and to the rational use of energy;

improve infrastructure of local and regional interest.



Non Sovereign


SMES HIPOTEKARNA D

6 3.51 13 3 33 4 4 Loan for financing SME projects, small and medium infrastructure projects promoted

by local authorities and final beneficiaries of any size for industrial investments in the

fields of i2i, energy, environmental protection, and tourism



Non Sovereign


SMES KOMBANKABUDVA B






Non Sovereign


SMES - C






Non Sovereign

2009310067 Morocco AUTOROUTES DU MAROC VI

(MAROC)

313 3.65 25 9 50 25 27 La réalisation du projet autoroutier a un impact significatif sur le développement

économique du Maroc. L'intervention de la Banque (conditions du prêt et assistance

technique) est conforme avec les objectifs de partenariat euro-méditerranéens et la

politique de la Banque en matière de transport. Les impacts sociaux du projet sont en

majorité positifs (réduction des accidents de la circulation, diminution des émissions

atmosphériques à proximité des zones d’habitats, création des emplois, etc.),

compensant certains impacts négatifs (l’expropriation de bâtis et de terres agricoles).

Le Contournement de Rabat aura un effet résiduel significatif en raison de

l’occupation de terrain et de l’effet de rupture malgré les nombreux passages prévus.

Les effets positifs seront l’amélioration de la sécurité routière et la réduction de la

congestion et par conséquent de la pollution dans l’agglomération urbaine de Rabat-

Salé. L’Elargissement Rabat-Casablanca aura essentiellement des effets positifs

grâce à la réduction de la congestion.

Les deux composantes du projet sont importantes pour le développement autoroutier

du pays et s’inscrivent dans le cadre général d’aménagement du territoire et de

dotation de la région centrale du pays en infrastructures à haut niveau de service. Le

projet répond aussi au besoin d’accompagner le développement urbain du Grand

Rabat. Le projet se compose de deux sections autoroutières (total : 98 km) : (i)

l'élargissement à 2x3 voies de l’autoroute Casablanca-Rabat (57 km) et (ii) la

construction de l'autoroute de contournement de Rabat (41 km)



Non Sovereign

21



(DDR)

CL




to concessionality


2009310029 Serbia UNICREDIT LEASING SRBIJA

LOAN FOR SMES

56 1.73 8 3 35 19 19 Loan for lease financing SME projects, small and medium scale infrastructure projects

promoted by local authorities and any size industrial investments in the fields of i2i,

energy, environmental protection, health and education



Non Sovereign

2009310030 Serbia EMS ELECTRICITY NETWORK

UPGRADING

34 4.02 22 7 42 18 20 The project contributes to reducing losses and improving the efficiency of the

system’s operation, including fuel cost savings and associated environmental

benefits; improving the quality of the service delivered to consumers by increasing the

security and reliability of supply, and reducing the incidence of voltage drops and

blackouts.



Non Sovereign

2009310038 Serbia HVB BANK S&M GLOBAL

LOAN B

14 2.37 7 5 34 17 17 Global loan for financing SMEs, small infrastructure projects done by local authorities,

and leasing activities



Non Sovereign

2009310096 Serbia RAIFFEISEN BEOGRAD SMES

PRIORITY LOANS

28 2.20 7 2 26 13 11 Loan for leasing or MLT financing SME projects, small and medium scale

infrastructure projects promoted by local authorities and any size industrial

investments in the fields of i2i, energy and environmental protection



Non Sovereign

2009310097 Serbia BELGRADE CITY SAVA

BRIDGE / A

97 2.39 27 6 57 36 37 Construction of new Sava bridge and its approach roads in Belgrade, Serbia. The

project will enhance the transport network of Belgrade contributing to alleviate its

growing traffic and reduce congestion, pollution and noise in the inner city. It will also

promote the development of sound institutional capacity in this sector as well as in the

environmental domain. The project will enhance the conditions for economic growth in

Belgrade and Serbia and improve the urban environment.



Non Sovereign

2010001201 Serbia EB LOAN FOR SMES AND

PRIORITY PROJECTS

35 2.79 14 5 42 15 15 Loan for financing SME projects, small and medium scale projects promoted by local

authorities and any size investments in the fields of i2i, energy, infrastructure,

environmental protection, industry, health and education, and services in Serbia



Non Sovereign

2010001227 Serbia SCHOOL MODERNISATION

PROGRAMME

70 1.94 26 6 60 34 40 The objectives of the project are: improved quality of learning conditions for students

at all levels of pre-university education; increased equity in the education system; and

more efficient allocation and investment in physical infrastructure. The support will

focus on assisting Serbia in: (i) developing a strategy for investments in educational

facilities, and (ii) developing and improving education infrastructure, to be selected

according to an investment prioritisation and decision support framework



Sovereign

22



(DDR)

CL


guaranteed

Other financial

elements

contributing to

concessionality


2011001216 Serbia RAIFFEISEN

BEOGRAD SMES

PRIORITY LOANS B

36 2.15 13 5 43 14 14 Loan for leasing or MLT financing SME projects, small and medium

scale infrastructure projects promoted by local authorities and any

size industrial investments in the fields of i2i, energy and

environmental protection


concessional terms,

interest rate below

DDR

Non

Sovereign

2011001222 Serbia FIAT SMALL CARS

SERBIA A

139 2.35 9 2 28 8 8 Expansion of existing plant in Kragujevac, Republic of Serbia, with

launch of new B low cost car production. The project is expected to

contribute to increase the foreign direct investment in Serbia,

develop the local automotive industry, support the transfer of state-

of-the-art equipment, vehicle technology as well as know-how to the

country, contributing to the increase of local productivity, exports

and therefore to the country’s economic development. The

promoter’s investments are expected to favour a further

development of the local cluster of suppliers; they will contribute to

preserve the existing jobs at the plant, increase the local direct

employment up to some 2 400 people and, in addition, create some

other 500 indirect jobs at local suppliers.

No - Yes,loan extended at

concessional terms,

interest rate below

DDR

Non

Sovereign


SERBIA B














concessional terms,

interest rate below

DDR

Non

Sovereign


SERBIA C














concessional terms,

interest rate below

DDR

Non

Sovereign

23



(DDR)

CL

(IMF)


guaranteed

Other financial

elements

contributing to

concessionality



SERBIA D














concessional terms,

interest rate below

DDR

Non

Sovereign

2010001277 South Africa ETHEKWINI WATER 70 1.21 15 4 51 29 34 Upgrade and expansion of water infrastructure to improve the

efficiency of the network system and augment capacity. The project

is part of an integrated approach to supporting the water supply

chain, covering upstream bulk water (Mooi Mgeni Transfer Scheme,

scheduled for Board submission in June), via raw water supply and

down to water distribution.


concessional terms,

interest rate below

DDR

Non

Sovereign

2009310082 Turkey ISTANBUL-ANKARA

RAILWAY E

139 3.51 32 9 53 29 31 Construction of a high-speed railway line along the Istanbul-Ankara

corridor. The proposed railway project constitutes the first high-

speed train line of the country, connecting its two metropoles,

Istanbul and Ankara. As such, it is a major and highly visible

infrastructure investment, representing a Government priority.

Works have already commenced on a first phase (from Ankara to

Eskisehir) under Spanish Bilateral and Export Credit support.


assistance


concessional terms,

interest rate below

DDR

Sovereign

2010001224 Turkey BROADBAND TURKEY

B

209 1.80 8 2 30 13 13 The project consists of investments in the access network of the

promoter’s fixed line operation in Turkey in order to increase the

quality of the broadband network and to increase the broadband

capacity. This project will assist in providing Turkey with a state of

the art telecommunications access network, enabling basic

telephony and broadband services, and will provide opportunities

for the development of innovative services. As urban areas are

mainly covered by basic DSL services, the design of the project will

particularly benefit the service quality and allow for very high speed

broadband services. The project thus contributes to the policy

objective of furthering the “Information Society” through the

modernisation of fixed telecommunications infrastructure, a key

platform for the provision of advanced broadband services.


concessional terms,

interest rate below

DDR

Non

Sovereign

24



(DDR)

CL




to concessionality


2010001252 Turkey GREATER ANATOLIA SME

LOAN A

70 2.00 6 6 37 16 15 A loan for SME located in the least developed provinces of East Turkey.

The EIB loan will be offered in combination with a credit guarantee

scheme provided by EIF under the Commission’s IPA programme. The

guarantee was approved by EIF Board on 01.02.2010



Non Sovereign


LOAN B







Non Sovereign


LOAN - C







Non Sovereign


LOAN D







Non Sovereign


LOAN E







Non Sovereign

25



(DDR)

CL

(IMF)


guaranteed

Other financial

elements

contributing to

concessionality


2010001286 Turkey DENIZBANK LOAN FOR

SMES

209 2.96 11 3 32 10 6 The loan is dedicated to the financing of SMEs in several sectors

across Turkey, to be implemented by Denizbank and Denizleasing

as co-borrowers under the applicable rules and regulations for the

EIB Loan for SMEs


concessional terms,

interest rate below

DDR

Non

Sovereign

2010001289 Turkey YAPI KREDI CLIMATE

CHANGE FACILITY

278 1.33 16 6 54 31 36 The proposed facility is a Framework Loan that will be used to

finance renewable energy and energy efficiency projects in Turkey.

The facility is aimed at financing eligible projects that help tackle

climate change.


concessional terms,

interest rate below

DDR

Non

Sovereign

2011001217 Turkey SAMSUN COMBINED

CYCLE POWER PLANT

/ A

278 3.56 17 2 35 6 15 Design, construction and implementation of an 870 MWe gas fired

combined cycle power plant with high electricity efficiency in Terme,

Samsun Province, eastern Turkey. This project will be one of a

handful of large gas fired combined cycle power plants to be

constructed in Turkey in the next couple of years, providing much

needed expansion of electricity generation capacity.


concessional terms,

interest rate below

DDR

Non

Sovereign

2011001218 Turkey DENIZBANK CLIMATE

CHANGE FACILITY

104 2.76 12 3 36 8 8 Framework loan to finance small and medium-sized renewable

energy and energy efficiency projects in Turkey

No Technical

assistance


concessional terms,

interest rate below

DDR

Non

Sovereign

2011001229 Turkey AFFORESTATION AND

EROSION CONTROL

209 3.48 20 4 43 9 20 Supporting forest rehabilitation, afforestation, erosion control and

forest fire-fighting activities in Turkey through the Ministry of

Environment and Forestry (MoEF). Forest plantations with

multifunctional environmental benefits (e.g. reducing soil erosion,

improving watershed functioning, biodiversity benefits); rehabilitation

of damaged ecosystems (e.g. forest, wetland, marine); rehabilitation

of soil after contamin. Natural disaster prevention.


concessional terms,

interest rate below

DDR

Sovereign

26

FRANCE



(DDR)

CL


guaranteed

Other financial

elements

contributing to

concessionality


2011113200 Bilateral,

unspecified

FIN. DU DEVLPT

D'INSTITUTIONS DE

MCF

4 2.00 12 12 55 20 25 Le projet consiste à accorder un prêt à un fonds d’investissement en

microfinance (FEFISOL : Fonds Européen de Financement Solidaire

pour l’Afrique) en cours de constitution par trois investisseurs sociaux

européens intervenant dans les pays du Sud –ALTERFIN/Belgique,

ETIMOS/Italie et la SIDI/France. Il vise à répondre aux enjeux du

secteur de la microfinance en Afrique Subsaharienne : il s’agit d’appuyer

le développement des IMF pour contribuer au développement

économique et à la lutte contre la pauvreté et ainsi de permettre à des

populations exclues du système financier formel d'avoir accès,

durablement, à des services financiers adaptés à leurs besoins pour le

financement d'activités créatrices de revenus.

Le projet se fixe comme objectifs spécifiques de contribuer au

financement du développement global de l'activité et au renforcement

des capacités de plusieurs IMF en phase de développement, de

consolidation, et de maturation, situées en Afrique, principalement en

zone rurale et recevant un appui technique coordonné par les promoteur

du fonds FEFISOL. Il s’agit à la fois de développer les activités de crédit

des IMF (augmentation du nombre de clients et de la taille des

portefeuilles de crédit) et d’accompagner ces dernières pour en faire

des structures pérennes, notamment en leur apportant un appui

technique (procédures, supports pédagogiques, assistance technique..).

no The pricing of the

loan does not

include risk margin

nore equity

remuneration

non

sovereign

2011123800 Comoros FINCT DEVLPT

INSTITU°

MICROFINANCE

1 3.00 8 4 31 6 9 Soutenir les efforts de professionnalisation et de développement du

réseau IMF des Sanduk d’Anjouan par la mise en place d’une ligne de

crédit visant à accroitre le volume des opérations de crédit aux secteurs

productifs (artisanat, production, pêche, agriculture, services).


loan does not

include risk margin

nore equity

remuneration

non

sovereign

2011003001 Georgia EQUIPTS REMONTEES

MECANIQUES VALLEE

MESTIA

25 1.10 22 7 65 35 45 Supply of ski lift equipments for winter sports resort in the Mestia valley

required for the development of tourism in the isolated Svanetia region.

Yes, statutory additional grant of

EUR 700 000,00

YES : to our

knowledge no

alternatives were

avaibles to the

beneficiaries for the

funding of this

specific project

Sovereign

2011107300 Madagascar DEVELOPPEMENT

INSTITUTION MICRO-

FINANCE

2 3.00 10 4 34 6 6 Le projet vise à refinancer les besoins en fonds de crédit des IMF

URCECAM par un prêt en monnaie locale (MGA) permettant de ne pas

mettre les CECAM en risque de change. Ces ressources à long terme

permettront le développement d’activité sur des durées plus longues, en

particulier le crédit-bail d’équipement. Le caractère concessionnel du

prêt permettra à INTERCECAM de dégager des marges

d’intermédiation financière pour financer des coûts de développement

(le renforcement de capacités etc.) et améliorer sa rentabilité.


loan does not

include risk margin

nore equity

remuneration

non

sovereign

27

France, Loans made from public funds – cont’d


(DDR)

CL


guaranteed

Other financial

elements

contributing to

concessionality


2011128300 Madagascar PCF LIGNE DE CREDIT 2 5.00 10 5 25 -6 -2 Réduire la vulnérabilité des populations exclues du système financier à

Madagascar – particulièrement les populations rurales - en leur offrant

de façon durable des services financiers diversifiés.

- Développer un produit de crédit destiné aux très petites entreprises

(TPE), avec un focus rural, pour accompagner la montée en gamme des

clients de l'IMF PAMF Madagascar et attirer une nouvelle clientèle.

- Faciliter l’atteinte de l’équilibre financier de PAMF Madagascar par

l’allocation d’une ligne de crédit concessionnelle qui induira une

croissance du portefeuille.

- Renforcer les capacités de PAMF Madagascar par une subvention

d'assistance technique pour lui permettre de gérer le crédit TPE et les

risques opérationnels.


loan does not

include risk margin

nore equity

remuneration

non

sovereign

2011003002 Mongolia AMELIOR.CENTRE

TRAUMATOLOGIE

OULAN BATOR

7 0.73 24 6 67 39 48 Strengthening of the National Traumatology and Orthopedic Research

Center in Ulaan Baatar.

Yes, statutory YES : to our

knowledge no

alternatives were

avaibles to the


funding of this

specific project

Sovereign

2011003003 Sri Lanka FOURNITURE DE 46

PONTS METALLIQUES

31 0.73 24 6 67 39 48 Supply of 46 steel bridges to enable access to isolated areas of Sri

Lanka and foster their economic development.

Yes, statutory YES : to our

knowledge no

alternatives were

avaibles to the


funding of this

specific project

Sovereign

2011104400 Togo REFINCT

PORTEFEUILLE

CREDIT WAGES

0 4.00 8 4 26 0 0 Ligne de crédit à une institution de microfinance togolaise pour un

montant de 423 K€. Cette ligne de crédit en FCFA s’accompagne d’une

assistance technique et d’une aide pour la mise à niveau des

procédures de lutte anti-blanchiment.


loan does not

include risk margin

nore equity

remuneration

non

sovereign

2009132200 West Bank

& Gaza Strip

APPUI A LA

MICROFINANCE EN

PALESTINE

1 0.00 5 2 28 12 14 Le projet vise à contribuer au développement économique des

Territoires Autonomes Palestiniens et à la lutte contre la pauvreté, en

appuyant le développement et la structuration des systèmes financiers

locaux, pour permettre à des populations exclues du système financier

formel et notamment des femmes d'avoir accès, durablement, à des

services financiers adaptés à leurs besoins pour le financement

d'activités créatrices de revenus en zone rurale. Il doit renforcer et

pérenniser les activités de financement de l'Arab Center for Agricultural

Development, et permettre à ACAD d’accroitre son intervention en zone

rurale auprès des coopératives paysannes (avec l’assistance technique

de PFU) et particulièrement à destination des femmes.


loan does not

include risk margin

nore equity

remuneration

non

sovereign

28

France, loans made from market-raised funds, with explicit subsidy


(DDR)

CL


guaranteed

Other financial elements

contributing to

concessionality



unspecified

FINANCEMENT

ACTIVITÉ DE

RÉASSURANCE HFGA

97 EURI6M (2.87) 10 10 44 10 10 Financement de l’activité de Home Finance Guarantors Africa par

l’alimentation régulière de ses réserves en capital pour financer le

démarrage d’une activité de réassurance de crédits hypothécaires en

faveur de 35000 ménages à revenus intermédiaires, dans quatre pays

d’Afrique Sub-saharienne (Ghana, Kenya, Malawi, Ouganda).

no In addition to the grants

elements (interest rate

subsidy and / or highly

concessional resources

provided by the French

State) the pricing of the

loan does not include

equity remuneration

non

sovereign


unspecified

FINANCEMENT

D'UNIVERSITÉS

6 3.31 15 5 40 6 11 Prêt à une fondation privée pour l'extension de deux centres de

formation technique supérieure au Cameroun (école d’ingénieurs à

Douala) et au Congo (école de techniciens supérieurs à Pointe-Noire) et

l'accueil d'étudiants du Gabon et d'Angola.








equity remuneration

non

sovereign

2011110700 Brazil PROG.MUNICIPAL

CURITIBA ENVIRT URB

& TRA

50 EURI6M (3.5) 20 6 44 9 20 Le financement de l’AFD contribue à une politique publique locale visant

à préserver la biodiversité urbaine et à développer les transports

propres, en vue d’améliorer la qualité de vie des habitants de la ville,

réduire l’empreinte carbone de la ville et préserver la biodiversité d’un

hotspot mondial (mata atlantica). Il appuie une extension du réseau

intégré de transport en commun de la ville et la réalisation d’un corridor

écologique traversant l’agglomération et reliant les parcs existants.

L’AFD accompagne également la

municipalité dans l’élaboration de ses politiques publiques dans les

domaines de la mobilité urbaine et du génie écologique. Le

prêt permet d’appuyer des approches innovantes, reprises au niveau

national (politique du ministère des villes). Le système de financement

public au Brésil est contraint par des mesures prudentielles imposées

aux banques publiques (CAIXA, BNDES) qui limite l’accès des

collectivités locales aux financements. Les communes brésiliennes

ayant un autofinancement assez faible (10% en moyenne nationale) leur

capacité d’investissement est très restreint si elles n’ont pas accès à

l’effet levier des prêts.








equity remuneration

Les décaissements

de ce prêt bonifié à la

mairie de Curitiba sont

effectués à taux

variable et payeen

pratique des intérêts

bien en deçà des 3.5

% du taux fixe défini

dans la convention. De

l’avis de la municipalité

de Curitiba, les

conditions proposées

par l’AFD sur ce

dossier étaient plus

avantageuses que

plusieurs bailleurs

multilatéraux et

régionaux.

sovereign

2011101100 Cameroon REHABILITATION

L'ACCES EST VILLE

DOULA

83 EURI6M (1.89) 21 6 56 25 35 Ce projet porte sur les travaux de réhabilitation de la route d’accès Est à

Douala, sur une distance de 20 km, par un élargissement des voies pour

obtenir une 2 x 3 voies, afin de concentrer au centre le trafic longue

distance, principalement constitué des camions qui se dirigent vers le

port, et d’ainsi libérer les voies externes pour assurer la desserte locale.








equity remuneration

sovereign

29

France, loans made from market-raised funds, with explicit subsidy – cont’d


(DDR)

CL




to concessionality


2011105500 China PRG INSTALLA°

RESEAUX CHALEUR

TAIYUAN

56 EURI6M (3.83) 17 6 39 5 15 Ce projet (et le projet parallèle de Jinzhong) vise à remplacer les petites

chaudières polluantes par des réseaux collectifs de

chaleur. Il permet d’éviter annuellement l’émission de 400,000 teqCO2

pour chaque projet, ainsi qu’une réduction significative

des émissions de la pollution locale (SO2 et suie) et leurs

conséquences sur la santé humaine. L’AFD accompagne ses prêts par

une assistance technique sur certains aspects : centres de gestion

d’énergie pour optimiser la livraison de chaleur en fonction

de la demande réelle chez les consommateurs finaux et la

consommation d’énergie et d’eau (solution retenue pour Jinzhong) ou

appui à la définition du design du projet avec pour but de renforcer

l’efficacité énergétique du réseau (Taiyuan). Ces projets présentent une

forte exemplarité aux plans technique et institutionnel et ont accueilli de

nombreuses délégations d’autres villes en vue de réplication. L’AFD a

pu, sur ces projets, promouvoir l’utilisation d’équipements ayant les

meilleures performances techniques ainsi que des solutions techniques

inédites en Chine. Les surcoûts liés aux équipements plus chers,

accompagnés d’un risque technique dans le cas du centre de gestion de

l’énergie (première expérience en Chine) n’ont été possibles que grâce

à la concessionnalité du prêt.








equity remuneration

sovereign

2011107900 China HYDROÉLECTRICITÉ

EN ZONE RURALE A

XIANGF

29 EURI6M (0.91) 17 3 54 27 36 Construction de 2 mini centrales, réhabilitation de 3 mini centrales et

reconstruction de 4 mini centrales hydoélectiques pour un total de

16,7MW dans la province de Hubeï, district hydraulique de Danjiangkou.








equity remuneration

sovereign

2011124100 China REHABILITA°

ENERGETIQUE

BATIMENTS PUBLI

28 EURI6M (2.87) 16 4 42 12 21 Projet de démonstration de la réhabilitation énergétique de 30 bâtiments

administratifs de la municipalité de Wuhan - province de Hubeï - pour

une surface totale de 624000 m² et une réduction de 30% des

consommations énergétiques.








equity remuneration

sovereign

2011100800 Egypt EXTENSION STATION

EPURATION GABAL EL

ASF

70 EURI6M (2.53) 20 8 53 19 30 Le projet consiste à financer une nouvelle extension de la station

d’épuration de la Rive Est du Caire, Gabal El Asfar, pour une capacité

additionnelle de 500 000 m3/j (soit environ 1,5 M d’équivalent-habitant).

Les travaux seront menés par CAPW (Construction Authority for Potable

Water and Wastewater), qui passera auprès d’un opérateur privé

international un contrat de construction et d’exploitation pour les deux

premières années. Le projet permettra ainsi, pour environ 10 ans, de

supprimer le rejet direct dans le milieu naturel d’eaux usées non traitées.








equity remuneration

sovereign

30



(DDR)

CL




to concessionality


2011128600 Ghana FINANCEMENT D'UN

PROG PILOTE

D'AMÉNGUMPP

56 1.00 30 11 75 46 56 Le GUMPP (Ghana Urban Management Pilot Project) est un programme

pilote, proposant pour chacune des quatre villes choisies (Tamale,

Sekondi-Takoradi, Kumasi et Ho) une approche intégrée des enjeux

urbains. Il s’agit à la fois d’améliorer les conditions de vie des

populations en réalisant des investissements publics locaux à forts

impacts économiques et sociaux mais aussi et surtout de renforcer le

rôle des autorités locales. Il comprend trois volets : un programme

d’investissements physiques prioritaires dans chaque ville, des actions

connexes de renforcement des capacités administrative, technique et

financière des villes ainsi que des actions de renforcement des

capacités de la cellule urbaine (Urban Development Unit) du Ministère de

tutelle (Ministère des Collectivités Locales).








equity remuneration

sovereign

2011104200 Kenya ACHAT MACHINES DE

FORAGE

GEOTHERMIQUES

78 EURI6M (1.84) 20 8 59 26 37 Le projet comprend : 1. la réalisation sous coordination du Ministère de

l’Energie d’un plan directeur national (Master Plan) de l’énergie

permettant une meilleure identification du potentiel d’énergies

renouvelables et la planification de son développement (4 MEUR) ; 2. un

appui au développement de la Geothermal Development Company avec

l’achat de deux machines de forage et ses équipements associés et la

formation du personnel de forage, la mise en place de procédures

internes environnementales et sociales, une assistance au

développement de son plan d’affaires (52 MEUR).








equity remuneration

sovereign

2011121500 Kenya FINCT PROJET

ENERGIE

RENOUVELABLE

AGROBU

13 LIBO6M (4.38) 11 2 25 -3 0 Par l’intermédiaire de deux banques locales sous forme de lignes de

crédits, la Cooperative Bank of Kenya et la CfC Stanbic, le projet

financera des unités de production d’énergie renouvelables de taille

petite à moyenne (comprises entre 0,5 et 8 MW pour un investissement

maximum de 10 M. Euros), construites par des entreprises agro-

industrielles kenyanes et par des producteurs indépendants d’énergie

(IPP). Il permettra aussi la mise en place de processus industriels à

haute efficacité énergétique (EE) dans les agro-industries les plus

consommatrices en énergie, leur apportant des gains de compétitivité,

en particulier sur les marchés à l’export.








equity remuneration

non

sovereign

2011121800 Kenya FINCT PROJET

ENERGIE

RENOUVELABLE

AGROBU

13 LIBO3M 12 2 48 24 26 Idem no In addition to the grants







equity remuneration

non

sovereign

31



(DDR)

CL




to concessionality


2011125900 Lebanon PROGRAMME DE

VALORISATION DU

PATRIMOINE

29 EURI6M (2.99) 16 7 45 12 22 Le projet concerne la deuxième phase du programme de CHUD (Cultural Heritage and Urban Development) à Tyr et à

Tripoli, pour optimiser l’impact social et économique. A Tyr, cette seconde phase du programme permettra de

réhabiliter les souks qui entourent le port de pêche réhabilité lors de la première phase, d’étendre la promenade côtière

qui relie le port de pêche au port archéologique, et de restaurer un caravansérail en centre artisanal ainsi qu’une

ancienne tour d’observation en office du tourisme.

A Tripoli, le financement de l’AFD de la première phase a porté sur l’aménagement de la Citadelle Saint-Gilles, ainsi

qu’à la construction d’une plateforme sur le fleuve Abou Ali, qui a permis de redonner une unité au centre ville. La

seconde phase du programme permettra de réhabiliter les souks situés de part et d’autre de la plateforme,

d’harmoniser les façades des bâtiments qui longent le fleuve, et de restaurer les habitations traditionnelles, notamment

celles situées au pied de la Citadelle. Un important travail sera également réalisé pour améliorer les conditions de

mobilité dans le centre ville, notamment par la construction de zones piétonnes, l’aménagement des escaliers et

espaces publics qui vont du fleuve à la Citadelle, ainsi que la construction d’une voie d’accès à la vieille ville. Le

programme permettra de plus la restauration de deux caravansérails et d’un hammam historique. Enfin, un îlot du

centre historique sera complètement réhabilité dans le cadre d’une opération pilote par son caractère social intégré.

La seconde phase du programme permettra aussi de poursuivre l’assistance technique apportée aux deux

municipalités pour suivre les travaux et animer les centres historiques. En complément, l’appui institutionnel sera

renforcé par le financement de la stratégie de développement de la région de Tyr.








equity remuneration

sovereign

2011102700 Mali DEVELOPPEMENT DE

LA ZONE OFFICE DU

NIGER

15 1.00 25 6 66 37 47 L’objectif du projet est d’accroître la production agricole de la zone Office du Niger, par la réalisation d’infrastructures

hydrauliques publiques et leur mise à disposition d'exploitations agricoles paysannes économiquement viables (3 à 5

ha. Il comprend (i) la consolidation de 1900 ha d’aménagements hydro-agricoles et l’amélioration de la gestion de l'eau

de l' Office du Niger dans le respect des engagements du Schéma Directeur de Développement de la Zone Office du

Niger ; (ii) le soutien à la dynamique d'organisation et de professionnalisation des acteurs agricoles de la région de

Ségou à travers la consolidation des missions statutaires de la Chambre Régionale d'Agriculture de Ségou (CRA) ; (iii)

l’appui à la maîtrise d’ouvrage du Secrétariat d’Etat chargé du Développement intégré de la zone Office du Niger

(SEDIZON) dans le pilotage du Schéma Directeur.








equity remuneration

sovereign

2011102800 Mali PROJET ASSAIBISST

DEVLPT URBAIN PTCC

26 1.00 30 6 70 42 52 La finalité du projet est l’amélioration des conditions de vie des habitants de Bamako par la réalisation d’un programme

d’assainissement intégré et le renforcement des capacités de gestion urbaine. Le projet se décline en deux

composantes : (i) réalisation d’infrastructures d’assainissement intégré à travers deux projets pilotes sur deux

communes du district urbain de Bamako (16,5 MEUR) ; (ii) renforcement des capacités des collectivités en matière de

gestion urbaine (2,5 MEUR + 0,5 MEUR de subvention d'assistance technique), pour la création d’une agence

d’urbanisme à l‘échelle de l’agglomération.








equity remuneration

sovereign

32



(DDR)

CL




to concessionality


2011103500 Mali CONTRIBUTION

FINANCEMENT ESE JMI

AGRO

0 3.39 8 5 29 4 4 Le concours de l’Agence Française de Développement à la société de droit malien JMI vise à contribuer au

financement de la phase pilote de développement d’une filière agro-industrielle d’huile de Jatropha (biocarburant)

en contractualisation paysanne dans le cercle de Kita. Cet emprunt a permis d’acquérir une nouvelle presse qui a

considérablement amélioré l’efficacité de son processus industriel aussi bien en termes de capacité que de qualité

de travail, et de construire un nouveau bâtiment.








equity remuneration

La société JMI

a par ailleurs

souscrit un prêt

de la BNDA à

un taux de 13%

environ.

non

sovereign

2011117700 Mali PRODUC0 D'HUILE

BRUTE ET BIODIESEL

2 EURI6M (2.21) 8 3 31 9 12 Création d'une filière industrielle de production d'agrocarburant à partir de graines de Jatropha produites dans le

cadre d'une agriculture contractuelle avec des agriculteurs indépendants regroupés en coopératives, qui recevront

conseils techniques et formation.








equity remuneration

non

sovereign

2011111900 Mauritania PRET BUDGETAIRE 63 1.69 23 6 59 28 38 Le projet accompagne l’Etat mauritanien par un prêt budgétaire pour la mise en œuvre de la réforme du secteur de

l’électricité, notamment la restructuration financière de la SOMELEC, par la restructuration du bilan de l’entreprise,

le traitement de son déficit d’exploitation et la mise en place de mesures concourant à son équilibre financier.








equity remuneration

sovereign

2009130100 Mauritius FINANCMT INVEST

MAITRISE ENERGIE

6 EURI6M (2.18) 11 2 35 10 14 La mobilisation du secteur bancaire dynamique de Maurice apparaît une condition nécessaire à l'accélération de

l’investissement « vert ». Le projet vise à renforcer le partenariat entre les secteurs publics et privé/financier, grâce

à deux volets complémentaires : (i) une ligne de crédit intermédiée par les principales banques actives sur le

marché mauricien pour refinancer quatre thèmes d’investissements prioritaires : le tourisme durable, l’efficacité

énergétique dans les bâtiments, la production indépendante d’électricité à partir de sources renouvelables et la

maîtrise de l’énergie et la production propre dans l’industrie ; et (ii) un appui institutionnel et technique.








equity remuneration

non

sovereign

2011126000 Morocco FINANCEMENT 3EME

TRANCHE DU 2EME

PNRRM

83 EURI6M (2.9) 20 5 47 13 24 La finalité du programme est de favoriser un développement économique et social équilibré des zones rurales

marocaines en permettant un désenclavement des localités rurales, une amélioration de la circulation des biens et

des personnes, un meilleur accès aux infrastructures de bases et aux services sociaux.

Par la construction ou l’aménagement de 15.500 km de routes rurales, le programme permettra le désenclavement

près de trois millions de ruraux, faisant passer le taux d’accessibilité de la population rurale de 54 % en 2005 à

80% en 2012. Il contribuera à réduire les disparités d’accessibilité entre les différentes provinces.








equity remuneration

sovereign

2011126500 Morocco PROGRAMME

NATIONAL

D'ASSAINISSEMENT

1PHA

28 EURI6M (1.89) 20 7 57 25 35 L’objectif du programme est de contribuer à l’augmentation du taux de collecte et du taux d’épuration des

moyennes et petites communes, en conformité avec les objectifs du Programme National d’assainissement (80%

de taux de raccordement aux réseaux d’assainissement dans les zones urbaines et 60% de taux de traitement des

eaux collectées d’ici 2020). Le programme concernera la réhabilitation et l’extension de réseaux d'assainissement

et la construction de stations d'épuration dans environ 29 villes, de 5 000 à 80 000 habitants. Des mesures

d'accompagnement visant à renforcer les capacités de l'ONEP et du secteur au Maroc, ainsi que la sensibilisation

des usagers, sont également prévues.








equity remuneration

sovereign

33



(DDR)

CL




to concessionality


2011111100 Senegal CONTRIBU° PLAN

REDRSST SECTEUR

ELECTRICI

83 1.43 25 6 63 33 43 Le programme vise à (i) réhabiliter la totalité du parc exploité par la SENELEC (moteurs diesel, turbines à

vapeur et à combustion), pour recouvrer entre 61 et 81 MW et sécuriser 252 MW ; (ii) améliorer le

comptage de la SENELEC par l’installation de compteurs pour les consommateurs « grande puissance »

et la mise en place d’un mécanisme d’effacement des gros consommateurs ; (iii) réduire la demande de

pointe par l’installation d’un maximum de 3 millions de lampes à basse consommation chez les ménages

sénégalais.








equity remuneration

sovereign

2011104600 South Africa AMÉLIORATION

RÉSEAU D'EAU DE

SOWETO

6 2.47 15 4 42 13 23 L'objectif du projet est d’améliorer le service en eau potable à Soweto de manière économiquement,

socialement et environnementalement durable. Le projet doit préserver les ressources en eau, tout en

garantissant l’accès au service pour les personnes les plus économiquement exposés sans mettre en

péril l’économie du service et les finances publiques de la municipalité. La pose de compteurs

individuels, la facturation de la consommation réelle, le remplacement de canalisations et compteurs

usagés permettront de réduire les fuites et le gaspillage d'eau.








equity remuneration

non

sovereign

2007112100 Tunisia INVESTISSEMENT

ENERGIE ET

DEPOLLUTION

1 1.82 10 1 32 11 14 Le projet a pour objectif de faciliter la mise en œuvre des normes environnementales tunisiennes par les

investisseurs privés dans les domaines de l’énergie (énergies renouvelables : acteurs du programme

PROSOL - installation de chauffe-eaux solaires et production d’énergie éolienne. Efficacité énergétique :

cogénération, équipements permettant d’économiser de l’énergie,…) et des pollutions locales

(installations de traitement de l’eau, de l’air, installations de contrôle de la pollution,…, valorisation des

déchets). Le projet est constitué de deux composantes : (i) une ligne de crédit interbancaire, et (ii) un

accompagnement institutionnel et le renforcement des capacités de l’Agence Nationale de Maitrise de

l'Energie et de l’Agence Nationale de Protectioon de l'Environnement.








equity remuneration

non

sovereign

2011109800 Tunisia SOUTIEN PLAN APPUI

RELANCE GVT

TUNISIEN

257 3.75 17 6 39 5 16 L’AFD a apporté une aide programme sectorielle de 185 M€ sur prêt à la Tunisie pour éviter une trop

forte récession économique et soutenir la stabilité sociale en Tunisie, dans le cadre du soutien aux «

printemps arabes » annoncé au Sommet des chefs d’Etat du G8 en main 2011. Cette aide d’urgence

française s’inscrit dans un soutien de l’ensemble des Partenaires Techniques et Financiers au Plan

d’Appui à la Relance (PAR) du gouvernement tunisien. L’AFD a choisi de concentrer son appui sur les

axes de l’emploi (adéquation entre l’offre et la demande, accompagnement des jeunes vers l’emploi) et

du secteur financier, (amélioration du cadre et des outils de financement de l’économie dont l’appui à la

microfinance).








equity remuneration

sovereign

34



(DDR)

CL




to concessionality


2011112000 Tunisia CONSTRUCTION

ÉCOLE NATIONALE

D'INGÉNIEUR

21 EURI6M (3.81) 19 8 43 5 17 Le financement de l’AFD concerne : (i) la composante matérielle du projet

(infrastructures et équipements) et (ii) une partie de la composante immatérielle

(renforcement des capacités techniques) pour 300 k€ (financement complémentaire du

MAE pour 570 k€). Ce projet est la première intervention de l’AFD dans le secteur de

l’enseignement supérieur public, en synergie avec le MAE. Il vise à bâtir un continuum

éducation / formation professionnelle / enseignement supérieur professionnalisant en

Tunisie, dans l’optique d’une potentielle déclinaison à d’autres pays. Il doit permettre la

création d’une capacité supplémentaire dans le dispositif national de formation des

ingénieurs avec un effectif maximal de 1200 étudiants, soit environ 400 diplômés par

an en régime maximal (première promotion d’ingénieurs sortie diplômée été 2012),

améliorer l’employabilité des diplômés de l’enseignement supérieur et l’adéquation

entre l’offre et la demande d’emplois, renforcer le partenariat entre le dispositif public

d’enseignement supérieur et les secteurs économiques en favorisant une implication

accrue des entreprises et renforcer l’articulation recherche / enseignement supérieur /

emploi.








equity remuneration

sovereign

2011116300 Vietnam INVEST.PRIORITAIRES

HO CHI MINH

28 EURI6M (2.81) 20 8 51 16 27 Le projet vise à aider la ville d’Ho Chi Minh à faire face aux défis de sa croissance

urbaine tout en favorisant des mesures d’adaptation au changement climatique dans

certains secteursprioritaires (santé, éducation, environnement, logement social). Ses

principaux objectifs sont : (i) accompagner la municipalité d’Ho Chi Minh en matière de

restructuration urbaine et de logement social, dans un contexte d’adaptation au

changement climatique ; (ii) accompagner la municipalité face aux défis

environnementaux (gestion des déchets, projets d’assainissement, constructions

efficaces énergétiquement, etc.) ; (iii) favoriser le renforcement des capacités d’accueil

et de soin des principaux hôpitaux de la ville et les inciter à suivre une démarche

environnementale ; (iv) aider la ville à faire face au défi de la formation supérieure d’une

jeunesse croissante en contribuant au financement d’institutions de formation.








equity remuneration

sovereign

2011118100 Vietnam FINANCT PROJET

RENFCT GES°

RESSOURCE EAU

28 EURI6M (1.39) 20 8 62 31 41 Le projet contribue à la réhabilitation et la réalisation d’infrastructures hydrauliques dans

le périmètre de Bac Hung Hai (stations de pompage pour l’irrigation et/ou le drainage),

pour la croissance économique et l’amélioration des conditions de vie de la population

rurale. Il vise également, à travers les actions de renforcement de capacité des acteurs,

à une utilisation plus rationnelle et durable de la ressource en eau.








equity remuneration

sovereign

35



(DDR)

CL




to concessionality


2011123600 Vietnam PRG REPONSE AU

CHGT CLIMATIQUE

28 0.95 20 7 64 34 44 Le projet est une aide budgétaire qui appuye la définition et la mise en œuvre du plan

d’action et à soutenir de façon générale les actions de lutte contre le changement

climatique du gouvernement viêtnamien : il s’agit du « Support Program to Respond to

Climate Change» (SP-RCC). Cette initiative s’inscrit dans le cadre du « Cool Earth

Partnership » lancé par le Gouvernement japonais début 2008. Ce programme propose

une aide budgétaire sectorielle non ciblée sur la base d’une matrice de politiques

publiques établie à partir du NTP-RCC (National Target Programme to Respond to

Climate Change), d’autres textes de stratégie viêtnamiens en lien avec le changement

climatique et d’initiatives ad hoc.








equity remuneration

sovereign

2011126900 Vietnam FINANCT COMPL CVN

3001 TRANSP HANOI

42 EURI6M (1.53) 19 10 62 30 41 L'objectif du projet est la réalisation de la première ligne de métro léger de Hanoi, entre

Nhon et la Gare de Hanoi, soit 12,5 km, dans le cazdre de la phase prioritaire du

programme de transports publics collectifs de la ville capitale.








equity remuneration

sovereign

36

France, Loans made from market-raised funds, with no explicit subsidy


(DDR)

CL




to concessionality



unspecified

REFINCT CREDIT

CROISSANCE VERTE

194 LIBO6M (3.3) 12 3 32 3 7 Ce prêt est assorti d’un large programme de coopération technique (programmes

d’études et de travaux) qui vise à identifier les obstacles (mauvaise préparation des

projets, plans d’investissement non sécurisés etc.) au renforcement de

l'investissement dans les infrastructures à caractère durable (transports publics en

particulier) afin de favoriser la compétitivité et contribuer au développement

économique régional. Les ressources du prêt refinanceront des projets contribuant à la

croissance verte et solidaire -en particulier dans les secteurs de l’énergie, du transport

urbain et de l’eau- dans la zone d’intervention commune de l’AFD et de la CAF en

Amérique Latine. Sauf pour de petits projets innovants à fort impacts environnementaux

et sociaux (inférieur à 10MUSD), les investissements financés seront ceux réalisés par

des contreparties publiques. Il s’accompagne d’un partenariat opérationnel avec la

CAF permettant à l’AFD d’accroître sa connaissance de l’Amérique latine et aux deux

institutions d’échanger sur leurs pratiques et leurs expériences, à travers la mise en

place d’un mécanisme de dialogue sur : (i) les politiques d’intervention des deux

institutions dans les secteurs sélectionnés pour l’affectation de la ligne de crédit d’une

part, et (ii) la question transversale de la prise en compte des enjeux environnementaux

et climatiques dans les opérations des deux institutions d’autre part.

no The pricing of the loan

does not include equity

remuneration

Le financement à 12

ans de l’AFD

contribue à

l’allongement de la

maturité moyenne des

ressources de la CAF

qu’elle ne peut

atteindre par ses

émissions sur les

marchés obligataires.

non

sovereign

2011109300 Cameroon CONSTRUC° D UN

2ND PONT S/WOURI

139 EURI6M (4.38) 25 8 42 1 15 Le projet porte sur la construction d'un second pont sur le Wouri, situé en aval

immédiat du pont actuel, pour résorber l'encombrement permanent de la traversée de

Douala. D’une longueur de plus de 800 mètres, il comprendra cinq voies routières et

deux voies ferrées. Le pont actuel, en fin de vie, sera dédié aux piétons et aux deux

roues, ce qui sécurisera leurs déplacements, et son ré-aménagement sera intégré au

projet. Au niveau urbain, l’ouvrage permettra de fluidifier le trafic entre les deux rives, et

contribuera donc au désenclavement de la rive Ouest et à l’équilibre du développement

de la ville de Douala. Plus largement, le second pont facilitera l’accès au port et aux

zones industrielles de Douala, en particulier pour les marchandises en provenance de

Bafoussam, troisième pôle industriel du Cameroun, et des provinces du Nord-Ouest,

très agricoles. Le projet permettra le désenclavement de la rive droite, ce qui (i)

facilitera aux populations défavorisées résidant dans cette partie de la ville aux

services publics et aux pôles d’emplois, situés sur la rive gauche, (ii) attirera les

nouveaux urbains plus aisés et favorisera donc la mixité sociale, et (iii) autorisera

l’implantation d’autres entreprises sur la rive droite, qui attire pour l’instant uniquement

les industries.


does not include risk

margin nore equity

remuneration

sovereign

2011105100 Colombia FINANCEMENT DU

TRANSPORT URBAIN

187 5.46 20 5 30 -12 3 Le financement non souverain à la municipalité de Medellin contribue au financement

du projet urbain du centre-est de la ville, zone où vivent 300 000 personnes, en

majorité pauvres. Il a pour finalité d’améliorer durablement les conditions de vie des

populations en contribuant à la construction d’une ville durable, à la fois socialement

inclusive, économiquement dynamique et verte.


does not include equity

remuneration

L’AFD a été le

premier et demeure

un des très rares

bailleurs acceptant de

financer des

collectivités publiques

décentralisées sans la

garantie de l’Etat dont

elles ressortent.

non

sovereign

37

France, Loans made from market-raised funds, with no explicit subsidy – cont’d


(DDR)

CL




to concessionality


2011110800 Cote d'Ivoire REDRESST FINANCES

PIBLIQUES RELANCE

ÉCO

487 3.78 9 4 27 2 2 Ce prêt de 350 M€ a été signé au lendemain de la résolution de la crise politique

ivoirienne pour le redressement des finances publiques et la relance économique. Elle

a permis de mettre fin de façon très réactive à la crise de trésorerie que traversait l'Etat

ivoirien, qui n'était plus en mesure de payer ses fournisseurs et d'assurer le traitement

des fonctionnaires. Une telle situation était de nature à augmenter les sources de

troubles et d'instabilité. Cette opération a pavé la voie à la normalisation des relations

entre la Côte d'Ivoire et la communauté financière internationale, ce qui a permis à la

Côte d'Ivoire d'atteindre en juin 2012 le point d'achèvement.

yes The pricing of the loan


margin nore equity

remuneration

Ce prêt souverain a permis à

la Côte d'Ivoire, qui à l'époque

n’était plus en mesure

d’emprunter sur le marché

financier de l’UEMOA, de

bénéficier de ressources à

moindre coût, grâce à la très

bonne signature de l'AFD. Son

impact a été décisif dans la

capacité de l'Etat ivoirien à se

relever suite à la crise

postélectorale.

sovereign

2011111600 Dominican

Republic

FINANCEMENT DES

TRANSPORTS

COLLECTIFS

155 LIBO6M (1.82) 20 5 55 22 34 Appui au budget d'investissement de l'Etat dominicain pour la politique sectorielle de

développement durable des transports collectifs de l'agglomération de Saint-

Domingue : (i) réforme institutionnelle du secteur des transports urbains pour mettre en

place les structures pérennes d'exploitation des réseaux de métro et de bus ainsi que

la coordination multimodale de l'ensemble des transports urbains, publics et privés, de

personnes et de fret, (ii) extension de la ligne 2 du métro Est-Ouest avec création d'une

corespondance avec la ligne 1 en centre ville, (iii) restructuration du réseau de bus et

interconnexion avec le réseau du métro, par création de gares d'échange et

l'intégration tarifaire et billetique de ces deux modes de transport collectif.



margin nore equity

remuneration

sovereign

2011110100 Mexico FNCMT DE LA POLITIQ.

CHANGEMENT CLIMAT

417 EURI6M (4.53) 16 16 42 -2 12 Ce prêt d’aide budgétaire sectorielle s’accompagne de travaux de coopération

technique et d'échanges d'expérience entre partenaires français et mexicains liés au

climat : appui à une meilleure gestion durable de la forêt à travers

l'expérimentation d'un nouveau mode de gouvernance, programme de travail sur

l'aménagement écologique du travail à travers le financement d'une étude, construction

d'un partenariat entre l'OFCE et l'Institut national d'Ecologie et du

changement climatique (INECC) sur la modélisation des impacts des politiques de lutte

contre le changement climatique, etc.



margin nore equity

remuneration

En 2010, l’AFD prêtait au

Mexique à EUR+80pbs alors

que celui-ci était grandement

affecté par la crise

hypothécaire nordaméricaine

(rôle contracyclique). Au-delà

de ces conditions financières

favorables, l’AFD a adapté les

modalités financières du prêt à

la demande du Ministère des

Finances mexicain (prêt à 16

ans avec remboursement du

capital in fine).

sovereign

2000000000i Sri Lanka CONST.DE SERVICE

DE L'EAU POTABLE À

JAFF

49 EURI6M (3.73) 25 7 47 8 21 La finalité du projet est d’améliorer de façon durable le service de l’eau potable pour

les populations de la péninsule de Jaffna et du district de Kilinochchi, victimes du conflit

armé – avec un effort particulier sur les plus pauvres – tout en optimisant son

empreinte carbone et en préservant les ressources en eau souterraines de la

péninsule de Jaffna. Le projet investira dans des infrastructures d’eau : mobilisation

d’eau brute (prise d’eau et adduction d’eau brute sur 32 km), station de traitement

(capacité de 27 000 m3/j), station de pompage d’eau traitée, adduction d’eau potable

sur 44 km. Il financera également des mesures d'accompagnement, assistance

technique, formation professionnelle, actions de communication et de sensibilisation,

notamment pour mettre en place une agence de Jaffna de l’opérateur national d’eau et

mettre en place une politique et un cadre institutionnel relatif à la gestion intégrée des

ressources en eau de la péninsule de Jaffna. Le projet permettra d'améliorer le niveau

de vie d'une population estimée à 300 000 personnes sur la péninsule. La réhabilitation

du barrage, où est prélevée l'eau brute, sera complétée d'un projet de développement

agricole, sur financement gouvernemental sri-lankais, qui profitera à 50 000 personnes

additionelles.



margin nore equity

remuneration

sovereign

38

France, Loans made from market-raised funds, with no explicit subsidy – cont’d

France, no reply on one loan


(DDR)

CL




to concessionality


2011119500 Turkey LUTTE CONTRE LE

CHGT CLIMATIQUE

209 EURI6M (3.32) 15 4 39 6 11 Ce prêt finance un projet visant à renforcer la gestion des forêts en Turquie (gestion

des forêts, reboisement, lutte contre l’érosion et les incendies) afin de maximiser

l’impact de ces forêts sur le climat et le développement économique et social des

régions concernées. Il s’accompagne d’une coopération technique, notamment entre

l’office national des forêts français et son homologue turc. Le projet est cofinancé avec

la BEI. Les travaux de protection contre l'érosion porteront sur 210 000ha, les travaux

de réhabilitaion forestière porteront sur 75 000ha et les nouvelles plantations

forestières sur 20 000ha en création et 90 000ha en entretien de plantations

récentes.La réhabilitation des paturages concerne 10 000ha. Environ 20 000 villages,

soit 7,5 millions d'habitants sont installés dans ou en périphérie des zones forestières.

Les travaux forestiers offrent de l'emploi saisonnier à 150 000 personnes.



margin nore equity

remuneration

sovereign

2011116500 Vietnam CONTRIBU° PRG

RÉFORME INVEST

PUBLIC VN

49 4.14 20 7 41 2 14 Il s’agit de la 2ème tranche d’une aide budgétaire globale de 35M€ accordé au

gouvernement vietnamien en avril 2011, en réponse à une requête du gouvernement (à

l’AFD et à la Banque Mondiale) pour l’appuyer face à la crise financière de 2009. Ce

prêt de nature contracyclique a contribué à financer les mesures de relance du Vietnam

dans le contexte de la crise

mondiale.



margin nore equity

remuneration

La BAD a approuvé en

octobre 2009 un crédit

contracyclique de 500 MUSD

à Libor+200pb (soit à un taux

de sortie supérieur au prêt de

l'AFD).

sovereign


(DDR)

CL




to concessionality


2011907001 Total Mul. P1 PRÊTS FMI 254 0.50 10 5 48 22 26

39

GERMANY



(DDR)

CL


guaranteedOther financial elements contributing to

concessionality


2011000535 Azerbaijan PROGRAMME

MUNICIPIAL

INFRASTRUCTURE II

1 0.75 34 5 72 46 55 Improving water supply and sewage disposal in Ganja and

Sheki by constructing new water production systems and

rehabilitating transition lines.

No Accompanying consultancy measures by

KfW experts concerning technical issues

and project details in order to support the

project implementation and the capacity of

the partner.

Yes, the loan is extended on

IDA terms.

Sovereign

2011000658 Bolivia DRINKING WATER

SUPPLY AND

SANITATION

GUADALQUIVIR

5 2.00 30 11 66 33 45 Financial contribution shall help to achieve an access to clean

drinking water for the entire population as well as improve

sewage disposal in order to reduce intake of pathogenic water.





the partner.


IDA terms.

Sovereign

2011000390 China MUNICIPAL SEWAGE

TREATMENT

PROGRAMME II

1 0.75 40 11 81 55 65 Financing of the Water Resource Environment Comprehensive

Treatment Project of Luotian County and related consulting

services





the partner.


IDA terms.

Sovereign

2011000486 China POVERTY

ALLEVIATION SHANXI

4 0.75 40 11 81 55 65 Financing of the Chengdong Sewage Treatment Project and

related consulting services.





the partner.


IDA terms.

Sovereign

2011001128 Egypt INTEGRATED

IRRIGATION

IMPROVEMENT AND

MANAGEMENT

PROJECT

35 0.75 40 10 81 54 64 Amplification to the irrigation improvement project III.

Rehabilitation and modernisation of degraded irrigation

infrastructure in order to secure income sources for rural

population.





the partner.


IDA terms.

Sovereign

2011001038 Indonesia SUSTAINABLE

ECONOMIC

DEVELOPMENT VIA

TECHNICAL AND

VOCATIONAL

EDUCATION

26 0.75 40 11 81 55 65 Financing of equipment for technical and vocational training,

equipment for tests and quality control, teaching aids including

Computer hardware and software as well as consulting services

No Additional federal budget grant for

technical assistance aiming at knowledge

transfer, capacity buling and support

throughout the implementation of the

project.


IDA terms.

Sovereign

2011000407 Kenya ROAD

REHABILITATION MAAI

MAHIN NAROK

3 0.75 33 3 69 43 52 The project finances the rehabilitation and extension of the

main road from Maai Mahiu to Narok including consulting

services. As a result, traffic volume can be efficiently carried

out.





the partner.


IDA terms.

Sovereign

40

Germany, Loans made from public funds –cont’d


(DDR)

CL



contributing to

concessionality


2011000533 Kenya OLKARIA IV GEOTHERMAL POWER

STATION

4 0.75 81 54 64 Exploiting geothermal energy of Olkaria Domes,

establishing marketing campaigns and creating

conditions to facilitate the introduction of energy from the

geothermal energy plant Olkaria Domes.

No Additional federal budget grant

for technical assistance aiming

at knowledge transfer, capacity

buling and support throughout

the implementation of the

project.

Yes, the loan is extended on IDA

terms.

Sovereign

2011001280 Kenya DEVELOPMENT OF THE WATER AND

SANITATION SECTOR LAKE VICTORIA

SOUTH (ACCOMPANYING MEASURE)

46 0.75 81 55 65 Establishment of a sound water supply with hygienic

drinking water and creation of a proper sewage disposal

system. Thus, the water and sanitation sector in Kenya is

sustainably improved (Accompanying Measure).






project.


terms.

Sovereign

2011001332 Kenya PRIVATE SECTOR DEVELOPMENT IN

AGRICULTURE SMALLHOLDER

IRRIGATION PROGRAM

4 0.75 81 55 65 Support of the Kenyan private sector by expanding the

irrigation programme Mount Kenya. This shall increase

agricultural production and include poor population into

supply chains.

No Accompanying consultancy

measures by KfW experts

concerning technical issues and

project details in order to support

the project implementation and

the capacity of the partner.


terms.

Sovereign

2011001059 Kyrgyz

Republic

URBAN HOUSING REHABILITATION 10 0.75 81 54 64 Construction and expansion of the mortgage market by

promoting private financial institutions in providing credits

to private households.






project.


terms.

Sovereign

2011001297 Lebanon PROTECTION OF THE JEITA SOURCE 10 2.00 66 33 45 Protection of the Jeita water spring by constructing a

purification plant and sewage disposal systems in order

to counteract the development of water losses and

preserve scarce water resources.








terms.

Sovereign

2011001123 Morocco RURAL WATER SUPPLY IV 6 2.00 65 31 43 Financial contribution shall help to provide 65,000

Moroccans in the provinces Taroudant and Tiznit with

hygienic drinking water. This is to achieve by

rehabilitating rural water supply systems.






project.


terms.

Non-

sovereign

2011001232 Uzbekistan PRIORITY PROGRAM HEALTH

COMPONENT CARDIOLOGY CENTER

4 0.75 81 55 65 Improvement of diagnosis and treatment methods of

cardiovascular diseases and financing of equipment in

order to execute those methods.








terms.

Sovereign

2011000927 Vietnam WASTE WATER AND SOLID WASTE 33 0.75 81 55 65 Improvement of sewage and waste disposal systems in

provincial towns of Viet Nam and thereby contribution to

a sustainable usage of water and waste infrastructure.








terms.

Sovereign

2011001101 Vietnam PROGRAM VOCATIONAL TRAINING 2008 14 0.75 81 55 65 Demand oriented expansion of vocational training

capacities in form of training camp construction and

provision with necessary equipment. Implementation

shall be supported by qualified personnel.








terms.

Sovereign

41

Germany, Loans made from market-raised funds, with explicit subsidy


(DDR)

CL



contributing to

concessionality


2011001373 America,

regional

CLIMATE PROGRAMME 2010 208 2.33 45 14 25 Financial means shall promote private and public

investments into climate and environmental protection

such as energy efficiency, renewable energies, or

industrial environmental protection.

Not applicable Accompanying consultancy






This loan has an interest rate of 2,33% while bond (USD)

yields of CAF with 11 years maturity were around 5.16%.

We offered longer maturities at lower rates. This is a

benefit that we created for the partner.

Non-

sovereign


unspecified

INFRASTRUCTURE CRISIS FACILITY,

DEBT TRUST

494 1.49 52 23 32 The project is an infrastructure crisis facility separated

into six contracts including refinancing activities into an

umbrella fund.







This loan offers a benefit to the recipient, because to our

knowledge no comparable conditions were available for

this crisis faciltiy otherwise.

Non-

sovereign

2011001366 Bosnia-

Herzegovina

CONSTRUCTION HYDRO POWER PLANT

CIJEVNA III

70 3.02 40 10 19 Financial contribution to construct a hydro power plant in

Cijevna in order to produce sustainable energy from

renewable energies.








knowledge no comparable conditions and no capital

market products in general were available for this kind of

project otherwise, which demonstrates the difficult

refinancing situation.

Sovereign

2011001371 Brazil PROGRAMME COMMUNAL

ENVIRONMENT PROTECTION

139 2.07 40 13 17 Financial means shall promote investments into sewage

disposal, sewage purification, and increase in energy

efficiency.







This loan has an interest rate of 2.07% while

Government bond yiels (USD) of Brazil for similar

maturities as this loan were around 4%. We offered lower

rates; this is a benefit that we creat for our partner.

Non-

sovereign

2011001381 Costa Rica CREDIT LINE FOR SMALL TO MEDIUM

SIZED ENTERPRISES

27 3.32 34 4 7 This programme (both projects are combined) promotes

environmental friendly investments of small and medium-

sized enterprises (SME) in Costa Rica in order to

improve the environmental situation in Costa Rica. It also

promotes the partner bank to sustainably implement

environmental friendly investments as new credit

products in order to develop the financial system.







This loan has an interest rate of 3.3% while Government

bond yields (USD) of Costa Rica for 6 years maturity

were around 3.9%. We offer a maturity of 12 years at

lower rates. This is a benefit which we created for our

partner.

Non-

sovereign

2011001382 Costa Rica CREDIT LINE FOR SMALL TO MEDIUM

SIZED ENTERPRISES

15 3.32 34 4 7 This programme (both projects are combined) promotes

environmental friendly investments of small and medium-

sized enterprises (SME) in Costa Rica in order to

improve the environmental situation in Costa Rica. It also

promotes the partner bank to sustainably implement

environmental friendly investments as new credit

products in order to develop the financial system.








bond yields (USD) of Costa Rica for 6 years maturity

were around 3.9%. We offer a maturity of 12 years at

lower rates. This is a benefit which we created for our

partner.

Non-

sovereign

2011001437 Former

Yugoslav

Republic of

Macedonia

ENERGY EFFICIENCY AND RENEWABLE

ENERGIES II

46 1.00 45 20 20 Financing of consultant services into energy efficiency

and renewable energies as well as construction of

transition lines for energy supply.







Government bond (EUR) yields of the Former Yugoslav

Republic of Macedonia for shorter maturities (4 years)

were around 5.7%. We offered longer maturities at lower

rates; this is a benefit that we create for our partner.

Non-

sovereign

42

Germany, Loans made from market-raised funds, with explicit subsidy -- cont’d


(DDR)

CL



contributing to

concessionality


2011001364 Georgia MUNICIPAL INFRASTRUCTURE BATUMI III 28 4.20 34 1 11 This project promotes drinking water supply and

wastewater purification in the city of Batumi and nearby

villages (in 2027 around 208.000 citizens shall have

access to fresh water) either by building new or

rehabilitate existing ones in order to contribute to the

sustainable and environmental friendly development of

the municipality.




project details in order to

strengthen the project

implementation and the capacity

of the partner.

This loan has an interest rate of 4.2 %

while Government bond (USD) yields

of Georgia for shorter maturities (10

years) were around 6.5%. We offered

longer maturities at lower rates; this is

a benefit that we create for our partner.

Sovereign

2011001355 India PROMOTION OF NEW RENEWABLE

ENERGY PROJECTS (IREDA)

278 2.60 37 9 9 IREDA shall support energy supply and climate

protection in India. IREDA provides financial means to

private companies with projects in the area of renewable

energies.







This loan offers a benefit to the

recipient, because to our knowledge

no comparable conditions were

available for this kind of project

otherwise.

The Indian Government has not issued

Eurobonds, but a local currency bond

was issued by the Indian Government

with 12 years maturity and a yield of

around 8.5%.

Non-

sovereign

2011001361 India SOLAR ENERGY POWER PLANT SAKRI 348 1.96 39 13 13 Construction of a solar energy power plant in

Maharashtra, Sakri in order to promote the usage of

renewable energies such as solar energy.











otherwise.

The Indian Government has not issued

Eurobonds, but local currency bond

yields of India for 12 years maturity

were around 8.5%.

Sovereign

2011001360 Kenya EXTENSION OF RENEWABLE POWER

SUPPLY

83 2.20 45 16 25 Financial contribution to extend sources of renewable

energy supply by expanding scope of geothermal power

plants in Olkaria.











otherwise.

The Kenian Government has not

issued Eurobonds, but local currency

bond yields of India for 14 years

maturity were around 13%.

Non-

sovereign

2011000833 Serbia RENEWABLE ENERGIES AND ENERGY

EFFICIENCY

2 1.44 39 15 18 The project aims at developing possibilities for the usage

of regenerative, renewable energies and an energy

efficiency programme.

Not applicable Additional federal budget grant





project.

This loan has an interest rate of 1.44%


of Serbia for 10 years maturity were

around 8%. We offered lower rates;

this is a benefit that we create for our

partner.

Non-

sovereign

2011001367 Serbia REHABILITATION OF DISTRICT HEATING

SYSTEMS IN SERBIA (PHASE IV)

63 2.50 40 11 15 Financial contribution shall support the energy sector in

producing and supplying ecologically friendly electric

energy.









of Serbia for 10 years maturitiy were



partner.

Sovereign

2011001368 Serbia WATER SUPPLY AND SEWAGE

DISPOSAL

24 3.49 36 6 15 This programme promotes the construction and

rehabilitation of water supply and sewerage systems in

medium-sized municipalities in Serbia in order to mitigate

health risks and thus improve the living conditions of the

population.









of Serbia for 10 years maturity were



partner.

Sovereign

43

Germany, Loans made from market-raised funds, with explicit subsidy – cont’d


(DDR)

CL



concessionality


2011001400 Serbia MUNICIPAL FINANCE 29 2.41 7 2 27 7 10 Communal infrastructure shall be rehabilitated

(schools, streets, and public institutions). Focus

is on small communes in rural areas.

Not applicable Accompanying consultancy measures by




the partner.


Government bond (USD) yields of Serbia for

10 years maturitiy were around 8%. We

offered lower rates; this is a benefit that we

create for our partner.

Non-

sovereign

2011001432 South Africa PROGRAM FOR

RENEWABLE

ENERGIES AND

ENERGY EFFICIENCY

8 1.55 6 3 29 10 10 Financing supports electricity distribution by

providing financial means to the Southern African

Power Pool program.





the partner.

This loan offers a benefit to the recipient,

because to our knowledge no comparable

conditions were available for this kind of

project otherwise.

The South African Government has not

issued Eurobonds, but a local currency bond

yields of South Africa for shorter maturities

(6 years) were around 8.4%.

Non-

sovereign

2011001374 Tunisia INDUSTRIAL

ENVIRONMENT FUND

IV

17 2.25 12 4 39 12 16 Financial contribution shall promote investments

into sewage disposal, water loss reduction, and

waste treatment in order to reduce emissions.





the partner.




project otherwise to the partner.

Few local currency bonds were issued by

the Tunisian Government, but due to illiquid

capital market no current prices (2011) were

available, which demonstrates the difficult

refinancing possibilities in Tunesia.

Sovereign

2011001375 Tunisia MODERNISATION OF

AN IRRIGATION

PERIMETER

MEDJERDATAL

(ACCOMPANYING

MEASURE)

11 2.25 15 6 47 17 26 Accompanying measure to the main programme

in Medjerdatal that focuses on the modernisation

of an irrigation perimeter.





the partner.




project otherwise to the partner.

Few local currency bonds were issued by

the Tunisian Government, but due to illiquid

capital market no current prices (2011) were

available, which demonstrates the difficult

refinancing possibilities in Tunesia.

Sovereign

44

Germany, Loans made from market-raised funds, with no explicit subsidy


(DDR)

CL



concessionality


2011001356 China LUAN SEWAGE

TREATMENT

81 3.86 15 6 37 4 14 The Project contributes to the improvement of

the wastewater treatment in the City of Lu’an and

the protection of the water resources in and

around Lu’an. The project aims to project the

environment and is an essential element for the

further development of the region.

Yes, statutory Accompanying consultancy measures by




the partner.

This loan offers a benefit to the recipient, because

to our knowledge no comparable conditions were

available for this kind of project otherwise.

The Chinese Government did not issue Eurobonds

in 2011, but a USD bond was issued by the China

Development Bank at an interest rate of 5.31%.

Commercially available financing products do only

provide liquidity. This loan however brings about an

incentive to apply transparent rules regarding

procurement, social and environmental standards

and it leads to a tranfer in technology. This comes

to the benefit of the country and its people.

Sovereign

2011001365 China QINGDAO DISTRICT

HEATING

50 2.93 15 5 42 9 14 District heating in the city Qingdao by

constructing a heating system including

exchange stations and transition lines. This

measure supports the reduction of harmful

emissions.





the partner.













Sovereign

2011001425 China DONGFANG HOSPITAL

LUOYANG

21 4.16 15 6 35 2 12 The project promotes two hospitals

(construction, equipment) in the province of

Henan in order to improve the medical situation

of the population.





the partner.













Sovereign

2011001426 China HEALTH PROGRAMME

HUNAN

25 3.93 15 6 37 3 14 With this project three hospitals are promoted in

an economically underdeveloped region

(province of Hunan) for medication and mother /

childcare in order to improve the medical

situation of the population.





the partner.













Sovereign

45

Germany, Loans made from market-raised funds, with no explicit subsidy – cont’d


(DDR)

CL



concessionality


2011001427 China IMPROVEMENT OF

VOCATIONAL

EDUCATION IN

MUDANJIANG

UNIVERSITY

21 4.05 14 3 31 0 0 This project contributes to one of the former

focal areas of German development cooperation

- the improvement of vocational

education in China (no students of university) in

order to support Chinese education strategy for

better employability. The project mainly equips

vocational training centres with the needed items

in order to prepare the youth for the Chinese

employment market.





the partner.













Sovereign

2011001429 China SUINING MUNICIPAL

INFRASTRUCTURE

28 4.52 15 6 33 -1 9 In the framework of one of the former focal

areas of German-Chinese development

cooperation – environmental protection and

protection of natural resources – this project of

municipal infrastructure development establishes

new wastewater treatment facilities in order to

increase water quality and have an environmental

impact in the Suining province of China, a

currently underdeveloped region of west-china.





the partner.













Sovereign

2011001434 China BAYANNAOER WASTE

WATER TREATMENT

AND RECLAMATION

PLANT

49 4.54 15 6 33 -2 9 The Project is embedded in the WB-financed

"Bayannaoer Water Reclamation and

Environment Protection Project” and has

positive environmental impacts through

improvement and extension of wastewater

treatment and water reclamation capacity due to

increased private and industrial demand.





the partner.













Sovereign

2011001372 North &

Central

America,

regional

PROMOTIONAL LOAN

CLIMATE

PROTECTION AND

REGIONAL

INFRASTRUCTURE

69 2.79 10 3 32 6 9 Promotional loan for financing important climate

protection and infrastructure projects in Central

America. Special focus is on productive

infrastructure and energy.





the partner.

This loan has an interest rate of 2.79% while bond

(USD) yields of CABEI for 3 years maturity were

around 4.2%. We offered a maturity of 10 years at

lower rates. This is a benefit which we created for

our partner.

Non-

sovereign

46

Germany, Loans made from market-raised funds, with no explicit subsidy – cont’d


(DDR)

CL



concessionality


2011001349 Serbia ENERGY EFFICIENCY

AND RENEWABLE

ENERGY PROGRAMME

29 3.43 8 3 26 3 6 This project promotes investments in energy

efficiency improvements in buildings as well as

in industry and in environmentally friendly energy

generation/renewable energy in Serbia. This

project also supports the partner bank to

sustainably implement a new product to finance

EE/RE measures and thus to contribute to a

reduction of greenhouse gas emissions and to

the fulfilment of Serbia's national EE policy

targets.





the partner.


Government bond (USD) yields of Serbia for 10

years maturity were around 8%. We offered lower


Non-

sovereign

2011001370 Serbia ENERGY EFFICIENCY

PROGRAM IN PUBLIC

BUILDINGS

16 1.44 10 3 39 15 18 Financial contribution shall improve energy

efficiency in public buildings, especially schools

in order to secure a well functioning energy

supply in a sustainable way.





the partner.


Government bond (USD) yields of Serbia for 10

years maturity were around 8%. We offered lower


Sovereign

47

Germany, Blended public/market-raised (each blended loan appears in two transactions in the list below)


(DDR)

CL



concessionality


2011000930 Bosnia-

Herzegovina

ENERGY SECTOR

PROGRAMME

8 0.40 12 3 47 23 26 Improvement of energy supply

distribution network as well as expanding

monitoring activities in order to guarantee

a smooth functioning of energy supply.





the partner.


knowledge no comparable conditions ( i. e. no capital

market products at all) were available for this kind of

project otherwise, which demonstrates the little

commercial refinancing possibilities.

Sovereign

2011000931 Bosnia-

Herzegovina

ENERGY SECTOR

PROGRAMME

15 0.40 12 3 47 23 26 Improvement of energy supply

distribution network as well as expanding

monitoring activities in order to guarantee

a smooth functioning of energy supply.





the partner.


knowledge no comparable refinancing conditions and in

general no capital market products were available for this

kind of project otherwise, which demonstrates the

difficult refinancing possibilities.

Sovereign

2011000939 China PROGRAM HEALTH

SECTOR WESTERN

PROVINCES

6 2.74 20 16 59 21 34 Overcoming regional disparities by

improving health conditions in four rural

areas of China. This is to achieve by

modernisation of four district hospitals in

terms of treatment and diagnosis

methods.





the partner.



this kind of project otherwise.

The Chinese Government did not issue Eurobonds in

2011, but a USD bond was issued by the China





procurement, social and environmental standards and it

leads to a tranfer in technology. This comes to the

benefit of the country and its people.

Sovereign

2011000940 China PROGRAM HEALTH

SECTOR WESTERN

PROVINCES

14 2.74 16 6 45 14 23 Overcoming regional disparities by

improving health conditions in four rural

areas of China. This is to achieve by

modernisation of four district hospitals in

terms of treatment and diagnosis

methods.





the partner.













Sovereign

48

Germany, Blended public/market-raised – cont’d


(DDR)

CL



contributing to

concessionality


2011001053 China SUSTAINABLE MANAGEMENT OF

NATURAL RESOURCES

7 1.34 68 36 47 Implementation and embedding of international laws

regarding sustainable cultivation into Chinese national

law. Ultimate objective is promotion of ecological and

economic potential in programme area.



















Sovereign

2011001054 China SUSTAINABLE MANAGEMENT OF

NATURAL RESOURCES

7 1.34 46 19 19 Implementation and embedding of international laws

regarding sustainable cultivation into Chinese national

law. Ultimate objective is promotion of ecological and

economic potential in programme area.



















Sovereign

2011001011 Former

Yugoslav

Republic of

Macedonia

IRRIGATION PROGRAMME SOUTH

VARDAR VALLEY PHASE II

7 2.50 58 21 34 Phase II of the program aims to expand the perimeter of

irrigation in South Vardar (Budget resources

complemented by KfW resources). As a result

agricultural production can be sustainably increased.






project.


bond (EUR) yields of the Former Yugoslav Republic of

Macedonia for shorter maturities (4 years) were around

5.7%. We offered longer maturities at lower rates; this is


Sovereign

2011001012 Former

Yugoslav

Republic of

Macedonia

IRRIGATION PROGRAMME SOUTH

VARDAR VALLEY PHASE II

7 2.50 42 12 12 Phase II of the program aims to expand the perimeter of

irrigation in South Vardar (Budget resources

complemented by KfW resources). As a result

agricultural production can be sustainably increased.






project.


bond (EUR) yields of the Former Yugoslav Republic of

Macedonia for shorter maturities (4 years) were around

5.7%. We offered longer maturities at lower rates; this is


Sovereign

2011001206 Kosovo ENERGY SECTOR PROGRAMME III 8 0.59 55 29 37 Improvement of district heating systems in Kosovo in

order to meet the increasing demand for energy used for

heating buildings and water.








knowledge no comparable refinancing oppoirtunities and

no capital market products in general were available for

this kind of project otherwise, which demonstrates the

difficult refinancing possibilities for the country.

Sovereign

2011001369 Kosovo ENERGIE SECTOR PROGRAM III 7 0.59 55 29 37 Improvement of district heating systems in Kosovo in

order to meet the increasing demand for energy used for

heating buildings and water.








knowledge no comparable conditions (in this case no

financial market products at all) were available for this

kind of project otherwise, which demonstrates the difficult

refinancing possibilities.

Sovereign

49



(DDR)

CL



concessionality


2011001265 Peru REFORM

PROGRAMME BASIC

SOCIAL SERVICES

8 2.75 18 15 57 19 31 Financial contribution supports the

Peruvian government in executing a

reform with the objective to improve

basic social services that in turn shall

improve living conditions for Peruvian





the partner.


Government bond (EUR) yields of Peru for 3 years

maturity were around 4%. We offered longer maturities

at lower rates; this is a benefit that we create for our

partner.

Sovereign


PROGRAMME BASIC

SOCIAL SERVICES

20 2.75 15 6 43 11 16 Financial contribution supports the

Peruvian government in executing a

reform with the objective to improve

basic social services that in turn shall

improve living conditions for Peruvian





the partner.





partner.

Sovereign


PROGRAMME

14 2.76 19 15 57 19 32 Financial contribution shall improve

access to qualitatively satisfying drinking

water as well as improve sewage water

disposal in Peru in order to improve living

conditions.





the partner.





partner.

Sovereign


PROGRAMME

35 2.76 15 6 44 13 22 Financial contribution shall improve

access to qualitatively satisfying drinking

water as well as improve sewage water

disposal in Peru in order to improve living

conditions.





the partner.





partner.

Sovereign


PROGRAMME

ENVIRONMENT

8 2.76 19 15 57 19 32 Contribution supports the Peruvian

government in executing a reform

regarding environmental policies. These

policies shall introduce principles for an

improved ecological sustainability.





the partner.





partner.

Sovereign


PROGRAMME

ENVIRONMENT

21 2.76 15 6 44 13 22 Contribution supports the Peruvian

government in executing a reform

regarding environmental policies. These

policies shall introduce principles for an

improved ecological sustainability.





the partner.


Government bond yields of Peru for 3 years of maturity

were around 4%. We offered longer maturities at lower


Sovereign

50



(DDR)

CL



concessionality


2011000844 Tunisia WASTE DISPOSAL

MEDJERDATAL

6 2.27 20 15 62 26 38 Waste disposal infrastructure in

Medjerda shall be improved by the

construction of waste deposits and the

financing of equipments.

Not applicable Additional federal budget grant for




project.



this kind of project otherwise to the partner.

Few local currency bonds were issued by the Tunisian

Government, but due to illiquid capital market no current

prices (2011) were available, which demonstrates the

difficult refinancing possibilities in Tunesia.

Sovereign

2011000845 Tunisia WASTE DISPOSAL

MEDJERDATAL

8 2.27 15 6 46 14 19 Waste disposal infrastructure in

Medjerda shall be improved by the

construction of waste deposits and the

financing of equipments.





project.








Sovereign

2011000846 Tunisia SEWAGE DISPOSAL

SOUSSE AND

KAIROUAN II

9 2.22 20 14 62 26 38 Extension and reconstruction of the

purification plants Sousse and Kairouan

in order to enable a sound sewage

disposal in the regions.





the partner.








Non-

sovereign

2011000847 Tunisia SEWAGE DISPOSAL

SOUSSE AND

KAIROUAN II

13 2.22 14 6 46 15 19 Extension and reconstruction of the

purification plants Sousse and Kairouan

in order to enable a sound sewage

disposal in the regions.





the partner.








Non-

sovereign

2011000848 Tunisia IMPROVING WATER

RESOURCES

MANAGEMENT

15 2.22 20 14 62 26 38 Rehabilitation of two irrigation perimeters

in the surroundings of Tunis in order to

take advantage of unused potentials.





the partner.








Sovereign

2011000849 Tunisia IMPROVING WATER

RESOURCES

MANAGEMENT

22 2.22 14 6 46 15 19 Rehabilitation of two irrigation perimeters

in the surroundings of Tunis in order to

take advantage of unused potentials.





the partner.








Sovereign

51



(DDR)

CL



concessionality


2011001041 Tunisia SEWAGE SLUDGE

DISPOSAL

3 2.29 20 15 62 26 38 Financing of the disposal of sewage

sludge of ten purification plants as a part

of the environmental policy programme in

Tunisia.





the partner.







difficult refinancing possibilities.

Non-

sovereign

2011001042 Tunisia SEWAGE SLUDGE

DISPOSAL

5 2.29 14 6 45 14 19 Financing of the disposal of sewage

sludge of ten purification plants as a part

of the environmental policy programme in

Tunisia.





the partner.








Non-

sovereign

2011001227 Tunisia WASTE DEPOSITS III 8 1.96 40 11 70 37 50 The aim of the programme (Tranche I

and II) is to contribute to the completion

of an environment friendly waste

management and waste disposal

infrastructure in Tunisia and allow in

addition the start up of an ecological

recycling system. Hereby the programme

contributes to the sustainable protection

of the environment, the protection of

water resources as well as the mitigation

of health.





project.








Sovereign

2011001228 Tunisia WASTE DEPOSITS III 14 1.96 12 6 45 15 20 The aim of the programme (Tranche I

and II) is to contribute to the completion

of an environment friendly waste

management and waste disposal

infrastructure in Tunisia and allow in

addition the start up of an ecological

recycling system. Hereby the programme

contributes to the sustainable protection

of the environment, the protection of

water resources as well as the mitigation

of health.





project.








Sovereign

2011001230 Tunisia TREATMENT AND

DISPOSAL OF

SEWAGE SLUDGE

10 1.87 40 11 71 39 51 Financial contribution shall help to

execute several new principles in

sewage sludge treatment and disposal in

order to improve health conditions in

Tunisia's cities.





project.








Non-

sovereign

2011001231 Tunisia TREATMENT AND

DISPOSAL OF

SEWAGE SLUDGE

19 1.87 10 6 42 14 18 Financial contribution shall help to

execute several new principles in

sewage sludge treatment and disposal in

order to improve health conditions in

Tunisia's cities.





project.








Non-

sovereign

52



(DDR)

CL



concessionality


2011000758 Turkey MUNICIPAL

INFRASTRUCTURE

PROGRAMME IV

14 2.47 20 13 59 22 34 Mild management of potable water

ressources, improved supply of the

population with hygienic potable water,

sanitation of sewage water and municipal

solid waste, compatible to health and

environment.





project.


Government bond (EUR) yields of Turkey for shorter

maturities (9 years) were around 5.4%. We offered

longer maturities at lower rates; this is a benefit that we


Sovereign

2011000759 Turkey MUNICIPAL

INFRASTRUCTURE

PROGRAMME IV

18 2.47 13 5 43 12 17 Mild management of potable water

ressources, improved supply of the

population with hygienic potable water,

sanitation of sewage water and municipal

solid waste, compatible to health and

environment.





project.


Government bond (EUR) yields of Turkey for shorter

maturities (9 years) were around 5.4%. We offered

longer maturities at lower rates; this is a benefit that we


Sovereign

2011000969 Ukraine ENERGY EFFICIENCY 56 1.25 40 10 76 47 58 Increase in energy efficiency by

modernising transmission lines and

thereby increase efficiency of Ukrainian

energy supply.





the partner.


Government bond ( EUR) yields of Ukraine for 4 years



partner.

Sovereign

2011000970 Ukraine ENERGY EFFICIENCY 35 1.25 11 4 43 17 21 Increase in energy efficiency by

modernising transmission lines and

thereby increase efficiency of Ukrainian

energy supply.





the partner.


Government bond ( EUR) yields of Ukraine for 4 years



partner.

Sovereign

2011001347 Vietnam SUSTAINABLE

MOBILITY HO CHI MINH

CITY/ URBAN RAILWAY

119 0.77 17 7 62 33 42 Financial contribution shall support and

thus increase public transportation by

improving competitiveness through the

establishment of an underground metro

system.





the partner.


Government bond yiels (USD) of Vietnam of shorter

maturities (9 years) were around 6%. We offered longer

maturities at lower rates; this is a benefit that we create

for our partner.

Sovereign

2011001348 Vietnam SUSTAINABLE

MOBILITY HO CHI MINH

CITY/ URBAN RAILWAY

216 0.77 17 7 62 33 42 Financial contribution shall support and

thus increase public transportation by

improving competitiveness through the

establishment of an underground metro

system.





the partner.


Government bond yiels (USD) of Vietnam of shorter

maturities (9 years) were around 6%. We offered longer

maturities at lower rates; this is a benefit that we create

for our partner.

Sovereign

53

ITALY



(DDR)

CL





2011100050 Kenya REHABILITATION OF THE WATER AND

SANITATION SYSTEMS OF THE

KIRANDICH AND KIAMBERE BASINS

(KABARNET, MWINGI AND

SURROUNDINGS SETTLEMENTS.

46 0.00 94 75 83 Since 2009, the DGCS makes its strategic

orientations public, after a progressively extended

consultation process. Those orientations are

reflected in Three-Year Guidelines (“Linee Guida

Triennali”-TYG), being updated every year, approved

by the Steering Committee (SC) of DGCS and

posted on the website. They highlight the pillars of the

national policy in development cooperation, its long-

term vision – both geographically and sector-wise - as

well as Italy’s adherence to the aid and development

effectiveness principles and to a holistic vision (more

actors and more resources) of development.

No. The financial elements that contribute

to the concessionality level are the

interest rate, the duration of the loan

and the grace period.

Since the Italian credit lines are granted to

countries in the developing world, no

financial alternatives to our credits generally

are available on-site.

Sovereign

2011100030 Pakistan POVERTY REDUCTION THROUGH

RURAL DEVELOPMENT IN

BELOCHISTAN, NORTH WEST

FRONTIER PROVINCE, FEDERALLY

ADMINISTRATED TRIBAL AREAS AND

NEIGHBOURING AREAS.





















Sovereign

2011090010 Philippines ITALIAN ASSISTANCE TO THE AGRARIAN

REFORM COMMUNITY DEVELOPMENT

SUPPORT PROGRAM.





















Sovereign

54

JAPAN

Loans made from market-raised funds (partially), with explicit subsidy


(DDR)

CL



contributing to

concessionality


2011003054 Africa, regional THIRD PRIVATE SECTOR ASSISTANCE LOAN 106 0.55 40 10 82 39 44 This loan contributes to the development objectives in

the field described in the cell "shortdescription".

no - yes Non-sovereign

2011003025 Bangladesh PADMA MULTIPURPOSE BRIDGE PROJECT 429 0.01 40 10 87 48 53 This loan contributes to the development objectives in


no - yes Sovereign

2011003026 Bangladesh KHULNA WATER SUPPLY PROJECT 197 0.01 40 10 87 48 53 This loan contributes to the development objectives in


no - yes Sovereign

2011003027 Bangladesh FINANCIAL SECTOR PROJECT FOR THE

DEVELOPMENT OF SMES

63 0.01 40 10 87 48 53 This loan contributes to the development objectives in


no - yes Sovereign

2011003046 Bhutan RURAL ELECTRIFICATION PROJECT 27 0.20 40 10 85 45 49 This loan contributes to the development objectives in


no - yes Sovereign

2011003047 Bhutan RURAL ELECTRIFICATION PROJECT 1 0.01 40 10 87 48 53 This loan contributes to the development objectives in


no - yes Sovereign

2011003006 Brazil SANITATION IMPVMNT PRO.FOR BAIXADA

SANTISTA METROP.REG



no - yes Sovereign

2011003007 Brazil SANITATION IMPVMNT PRO.FOR BAIXADA

SANTISTA METROP.REG



no - yes Sovereign

2011003052 Cambodia WEST TONLE SAP IRRIGATION

REHABILITATION PROJECT



no - yes Sovereign

2011003015 Cameroon PROJECT TO STRENGTHEN AND EXTEND

THE ELECTRICITY



no - yes Sovereign

2011003008 India HIMACHAL PRADESH CROP DIVERSIFICATION

PROMOTION PROJECT



no - yes Sovereign

2011003009 India HIMACHAL PRADESH CROP DIVERSIFICATION

PROMOTION PROJECT



no - yes Sovereign

2011003010 India TAMIL NADU BIODIVERSITY CONSERVATION

AND GREENING PROJECT



no - yes Sovereign

2011003011 India TAMIL NADU BIODIVERSITY CONSERVATION

AND GREENING PROJECT



no - yes Sovereign

2011003012 India YAMUNA ACTION PLAN PROJECT 399 0.65 40 10 81 37 42 This loan contributes to the development objectives in


no - yes Sovereign

2011003013 India YAMUNA ACTION PLAN PROJECT 10 0.01 40 10 87 48 53 This loan contributes to the development objectives in


no - yes Sovereign

2011003033 India AP RURAL HIGH VOLTAGE DISTRIBUTION

SYSTEM PROJECT



no - yes Sovereign

2011003034 India AP RURAL HIGH VOLTAGE DISTRIBUTION

SYSTEM PROJECT



no - yes Sovereign

2011003035 India MADHYA PRADESH TRANSMISSION SYSTEM

MODERNISATION PROJECT



no - yes Sovereign

2011003036 India MICRO, SMALL AND MEDIUM ENTERPRISES

ENERGY SAVING PROJECT



no - yes Sovereign

55

Japan, Loans made from market-raised funds (partially), with explicit subsidy – cont’d


(DDR)

CL



contributing to

concessionality


2011003037 India NEW AND RENEWABLE ENERGY

DEVELOPMENT PROJECT



no - yes Sovereign

2011003038 India BANGALORE METRO RAIL PROJECT 174 1.40 30 10 71 21 26 This loan contributes to the development objectives in


no - yes Sovereign

2011003039 India BANGALORE METRO RAIL PROJECT 74 0.01 30 10 83 42 46 This loan contributes to the development objectives in


no - yes Sovereign

2011003040 India RAJASTHAN FORESTRY AND BIODIVERSITY

PROJECT



no - yes Sovereign

2011003041 India RAJASTHAN FORESTRY AND BIODIVERSITY

PROJECT



no - yes Sovereign

2011003016 Indonesia INFRASTRUCTURE REFORM SECTOR

DEVELOPMENT PROGRAM



no - yes Sovereign

2011003021 Indonesia LUMUT BALAI GEOTHERMAL POWER PLANT

PROJECT



no - yes Sovereign

2011003022 Indonesia LUMUT BALAI GEOTHERMAL POWER PLANT

PROJECT



no - yes Sovereign

2011003068 Malaysia MALAYSIA JAPAN INTERNATIONAL INSTITUTE

OF TECHNOLOGY



no - yes Sovereign

2011003069 Malaysia MALAYSIA JAPAN INTERNATIONAL INSTITUTE

OF TECHNOLOGY



no - yes Sovereign

2011003048 Morocco FEZ AND MEKNES REGIONS WATER SUPPLY

PROJECT



no - yes Sovereign

2011003049 Morocco FEZ AND MEKNES REGIONS WATER SUPPLY

PROJECT



no - yes Sovereign

2011003050 Morocco RURAL ROAD IMPROVEMENT PROJECT (II) 75 1.40 25 7 64 16 20 This loan contributes to the development objectives in


no - yes Sovereign

2011003000 Pakistan EMERGENCY IMPORT SUPPORT LOAN 63 0.01 40 10 87 48 53 This loan contributes to the development objectives in


no - yes Sovereign

2011003014 Pakistan KHYBER PAKHTUNKHWA EMERGENCY

RURAL ROAD REHABILITATION PROJECT



no - yes Sovereign

2011003051 Pakistan POLIO ERADICATION PROJECT 63 0.01 40 10 87 48 53 This loan contributes to the development objectives in


no - yes Sovereign

2011003023 Philippines ROAD UPGRADING AND PRESERVATION

PROJECT



no - yes Sovereign

2011003024 Philippines ROAD UPGRADING AND PRESERVATION

PROJECT



no - yes Sovereign

2011003066 Serbia FGD CONSTRUCTION PROJECT FOR TPP

NIKOLA TESLA



no - yes Sovereign

2011003067 Serbia FGD CONSTRUCTION PROJECT FOR TPP

NIKOLA TESLA



no - yes Sovereign

2011003017 Sri Lanka GREATER COLOMBO URBAN TRANSPORT

DEVELOPMENT PROJECT



no - yes Sovereign

56



(DDR)

CL



contributing to

concessionality


2011003018 Sri Lanka GREATER COLOMBO URBAN TRANSPORT

DEVELOPMENT PROJECT



no - yes Sovereign

2011003019 Sri Lanka VAVUNIYA-KILINOCHCHI TRANSMISSION LINE

PROJECT (II)



no - yes Sovereign

2011003053 Sri Lanka EMERGENCY NATURAL DISASTER

REHABILITATION PROJECT



no - yes Sovereign

2011003028 Tanzania EIGHTH POVERTY REDUCTION SUPPORT

CREDIT



no - yes Sovereign

2011003042 Turkey CORUH RIVER WATERSHED REHABILITATION

PROJECT



no - yes Sovereign

2011003043 Turkey CORUH RIVER WATERSHED REHABILITATION

PROJECT



no - yes Sovereign

2011003044 Turkey MUNICIPAL SEWERAGE AND WASTEWATER

TREATMENT IMPROVEMENT PROJECT



no - yes Sovereign

2011003045 Turkey MUNICIPAL SEWERAGE AND WASTEWATER

TREATMENT IMPROVEMENT PROJECT



no - yes Sovereign

2011003001 Vietnam NINTH POVERTY REDUCTION SUPPORT

CREDIT



no - yes Sovereign

2011003002 Vietnam NHAT TAN BRIDGE (VIETNAM-JAPAN

FRIENDSHIP BRIDGE) CONSTRUCTION

PROJECT



no - yes Sovereign

2011003003 Vietnam NHAT TAN BRIDGE (VIETNAM-JAPAN

FRIENDSHIP BRIDGE) CONSTRUCTION

PROJECT



no - yes Sovereign

2011003004 Vietnam NGHI SON THERMAL POWER PLANT

CONSTRUCTION PROJECT



no - yes Sovereign

2011003029 Vietnam NORTH-SOUTH EXPRESSWAY

CONSTRUCTION PROJECT (HCMC-DAU GIAI

SECTION)(II)



no - yes Sovereign


CONSTRUCTION PROJECT (HCMC-DAU GIAI

SECTION)(II)



no - yes Sovereign


CONSTRUCTION PROJECT(DA NANG-QUANG

NGAI SECITON)(I)



no - yes Sovereign


CONSTRUCTION PROJECT(DA NANG-QUANG

NGAI SECITON)(I)



no - yes Sovereign

2011003055 Vietnam SUPPORT PROGRAM TO RESPOND TO

CLIMATE CHANGE



no - yes Sovereign

2011003056 Vietnam LACH HUYEN PORT INFRASTRUCTURE

CONSTRUCTION PROJECT(PORT)



no - yes Sovereign


CONSTRUCTION PROJECT(PORT)



no - yes Sovereign


CONSTRUCTION PROJECT(ROAD AND

BRIDGE)(I)



no - yes Sovereign


CONSTRUCTION PROJECT(ROAD AND

BRIDGE)(I)



no - yes Sovereign

57



(DDR)

CL



contributing to

concessionality






no - yes Sovereign





no - yes Sovereign

2011003062 Vietnam PROJECT FOR DISASTER & CC

COUNTERMEASURES USING EOS(I)



no - yes Sovereign

2011003063 Vietnam PJT FOR DISASTER & CC

COUNTERMEASURES USING EOS(I)



no - yes Sovereign


CONSTRUCTION PROJECT (BLLT)(I)



no - yes Sovereign


CONSTRUCTION PROJECT (BLLT)(I)



no - yes Sovereign

2011003501 Vietnam INDUSTRIAL HUMAN RESOURCES

DEVELOPMENT PROJECT



no - yes Non-sovereign

58

KOREA



(DDR)

CL




to concessionality


2011001100 Azerbaijan VOCATIONAL TRAINING

CENTER ESTABLISHMENT

PROJECT

22 0.20 42 12 87 75 80 This project enable Azerbaijan to enlarge and reinforce the human

resources in various technical fields and ultimately contributes to more

sustainable economic growth of the country

No No, no other financing at lower/ comparable

conditions were available to the beneficiary.

Sovereign

2011001101 Bangladesh SALVAGE VESSEL

PROCUREMENT PROJECT:

SUPPLEMENTARY LOAN

7 0.01 41 16 92 81 85 The Project contributes to promote efficient logistics and robust

economic growth through securing safety of inland waterways with

salvage of sunken vessels and relief work in case of natural disasters.



Sovereign

2011001102 Bangladesh WELL FIELD CONSTRUCTION

PROJECT AT TETULZHORA-

BHAKURTA AREA OF SAVAR

UPAZILLA (PART-1)

45 0.01 41 16 92 81 85 The Project contributes to supply 150 MLD safe water for for

immediate supplement to city water supply from Tetulzhora-Bhakurta

Area of Savar Upazilla at Gabtoli, Mirpur point from constructed Well

Field.



Sovereign

2011001103 Bangladesh REPLACEMENT AND

MODERNIZATION OF THE

EXISTING RAILWAY

SIGNALING SYSTEM AT 11

STATIONS OF BR

22 0.01 41 16 92 81 85 The Project contributes to improve railway operation systems by

replacing and modernizing the existing signaling systems in the Chinki-

astana ~ Chittagong Section.



Sovereign

2011001104 Bolivia BENI RIVER BRIDGE


31 0.10 41 11 87 75 80 To reduce travel time and transport cost by constructing a bridge over

the Beni River linking Copacabana with El Chorro; and

To promote economic growth in the region by improving road

connectivity and enhancing passengers/goods traffic



sovereign

2011001105 Bolivia MADRE DE DIOS RIVER

BRIDGE CONSTRUCTION

PROJECT

43 0.10 41 11 87 75 80 To reduce travel time and transport cost by constructing a bridge over

the Madre de Dios River linking Copacabana with El Sena; and

To promote economic growth in the region by improving road

connectivity and enhancing passengers/goods traffic.



Sovereign

2011001110 Cambodia IMPROVEMENT OF NATIONAL

ROAD NO.21

53 0.01 40 15 90 79 83 The project aims to enhance trade between Cambodia and Vietnam by

improving the road condition of National Road No.21, which would

alleviate traffic congestion problems and reduce logistic costs.



Sovereign

2011008645 Congo,

Dem. Rep.

REMBA IMBU WATER

PROJECT

68 0.01 42 17 92 82 86 To develop water supply system in south easern part of Kinshasa,

Lemba Imbu area, including design, constsurction and equipment

provision of wter treatment plant, pumping stations, storage tanks,

transmission lines and stadn pipes



Sovereign

2011001106 Dominican

Republic

ESTABLISHMENT OF

INTELLIGENT

TRANSPORTATION SYSTEM

IN SANTO DOMINGO

PROJECT

36 0.20 42 12 87 75 80 The Project contributes to improvement and modernization of

transportation system, reduction of social cost, activation of regional

economy and improvement of the quality of citizen's life.



sovereign

2011001107 Ethiopia SULULTA - GEBRE GURACHA

POWER TRANSMISSION

PROJECT

78 0.01 41 16 92 81 85 To meet significant power demand by industrial comsumption

particularaly for recently flousrishing cement, metal and steel factories

in Gebre Guracha and Chancho Area as well as for real estate

construction,

To strengthen the existing Debr Markos-Sululta 400kW transmission

line by adding another 400kW second circuit for reliable power suply

and transmitting more power to main load center,

To fully transmit the power generated from the enwly completed

hydropower plants(Tekeze, Beles and Gilgel Gibe-2) to Addis Ababa

by completing 230kW ring system and to minimize power interruption

in Addis Ababa



Sovereign

59

Korea, Loans made from public funds – cont’d


(DDR)

CL



contributing to

concessionality


2011001108 Ghana PRESTEA-KUMASI POWER

ENHANCEMENT PROJECT

67 0.50 42 17 88 75 80 To contribute to the stabilization and iprovement of power supply in

northern part of Ghana

No No, no other financing at

lower/ comparable

conditions were available

to the beneficiary.

Sovereign

2011001109 Honduras CONSTRUCTION OF SOUTH

REGIONAL HOSPITAL IN

CHOLUTECA

33 0.10 40 10 87 74 79 The Project contributes to increase in the coverage and accessibility of

citizens to health services, enhancement of civil welfare and reduction

of poverty in the region.


lower/ comparable


to the beneficiary.

sovereign

2011001111 Laos ESTABLISHMENT OF TAX REVENUE

INFORMATION SYSTEM PROJECT

29 0.01 41 16 92 80 85 The Project contributes the increase of tax collection rate and efficient

and transparent taxation by computerizing tax administration. The

Project aims to increase financial independence of the country by

introducing tax revenue information system.


lower/ comparable


to the beneficiary.

Sovereign

2011001112 Mali MARKALA SUGAR PROJECT 25 0.01 43 18 93 83 87 The objective of this project is proverty reduction and income growth by

building agricultural infrastructure - cancelled


lower/ comparable


to the beneficiary.

Sovereign

2011001113 Mongolia NATIONAL DIAGNOSTIC AND

TREATMENT CENTER PROJECT

55 0.10 40 11 87 75 80 The project's objective is to enhance the health and reduce the mortality

of people in Mongolia by establishing a modern hospital which would be

able to provide high quality health service to the public at lower costs.


lower/ comparable


to the beneficiary.

Sovereign

2011001114 Mozambique STRENGTHENING OF

TECHNICAL/VOCATIONAL

EDUCATION PROJECT

18 0.01 36 11 87 74 79 The Project contributes to provide service for establishment of

Technical and Vocatinal Education Training(TVET) infrastructure, and to

enhance the efficiencies, accessibility and quality of deucatin, ultimately

reducing poverty and accelerating economic growth through developing

human resources


lower/ comparable


to the beneficiary.

Sovereign

2011001115 Nicaragua NATIONAL PROGRAM FOR

SUSTAINABLE ELECTRIFICATION

AND RENEWABLE ENERGY

27 0.10 40 10 87 74 79 The Project contributes to reduction of poverty by promoting access by

a significant portion of the population to efficient, sustainable electricity

service, while supporting creation of the conditions to move forward on

a change to the energy mix that leads to better conditons for mitigation

and adaption to climate change


lower/ comparable


to the beneficiary.

Sovereign

2011001116 Pakistan PROCUREMENT OF EQUIPMENT

UNDER THE NTDC DEVELOPMENT

PROGRAM : SUPPLEMENTARY LOAN

7 0.15 36 11 85 72 77 The project aims to meet not only incremental demand for power but

also overcome voltage problems and enhence reliablility of power

supply in Lahore. It is expected to contribute to economic development

in Pakistan by providing the country with the stable power supply

system.


lower/ comparable


to the beneficiary.

Sovereign

2011001117 Pakistan MALAKAND TUNNEL


78 0.10 41 11 88 76 81 The project aims to provide an all weather transportation link between

Malakand, Chitral District and rest of the country for passengers and

cargo traffic which would altimately contribute to the balanced economic

development across Pakistan


lower/ comparable


to the beneficiary.

Sovereign

2011001118 Philippines SAMAR PACIFIC COASTAL ROAD

PROJECT

38 0.15 41 11 87 75 80 The project aims to improve a national road located in the provinces of

Northern Samar and Eastern Samar in order to promote inter-province

mobility and the regional economic development.


lower/ comparable


to the beneficiary.

Sovereign

2011001119 Sri Lanka ESTABLISHMENT OF COLOMBO

CENTRAL VOCATIONAL TRAINING

CENTRE AND GAMPAHA COLLEGE

OF TECHNOLOGY IN SRI

26 0.15 41 11 87 75 80 To Improve the living environment around the project sites and

preventing the country from air pollution and contamination of water

resources & soil.


lower/ comparable


to the beneficiary.

Sovereign

2011001120 Tanzania CONSTRUCTION OF ZANZIBAR

IRRIGATION INFRASTRUCTURE

PROJECT IN THE UNITED REPUBLIC

OF TANZANIA

50 0.01 41 16 92 81 85 This Project contributes to construct the stable irrigation infrastructure

such as irrigation water development, irrigation and drainage canal and

to contribute to economic development of Zanzibar and improve the

welfare of the rural people in Zanzibar.


lower/ comparable


to the beneficiary.

Sovereign

60

Korea, Loans made from public funds – cont’d


(DDR)

CL



contributing to

concessionality


2011001121 Uzbekistan NATIONAL GEOGRAPHIC

INFORMATION SYSTEM CREATION

PROJECT

15 0.10 41 11 88 76 80 Construction of NGIS is expected to promote the balanced socio-

economic development across Uzbekistan by providing the

Government with means to better manage and utilize the national

geographic data


lower/ comparable


to the beneficiary.

Sovereign

2011001122 Vietnam MEDICAL EQUIPMENT SUPPLY TO

CENTRAL REGION CENTER FOR

NUCLEAR MEDICINE AND

RADIOTHERAPY AT DANANG HO

10 0.10 35 11 85 72 77 To promote and improve the public health for the population in central

region of Viet Nam by applying the advanced tecnnology in the field of

Nuclear Medicine and Radiation Therapy specialties, preventing and

early detecting cancer, improving peoples' well-being.


lower/ comparable


to the beneficiary.

sovereign

2011001123 Vietnam MEDICAL EQUIPMENT SUPPLY TO

LAO CAI GENERAL HOSPITAL

PROJECT

14 0.10 35 11 85 72 77 To improve the availability of and access to high-quality health service,

for the population in Lao Cai province by providuing modern medical

equipment to Lao Cai General Hospital


lower/ comparable


to the beneficiary.

sovereign

2011001124 Vietnam SOLAR CELL PROJECT OF QUANG

BINH PROVINCE

12 0.05 40 11 88 76 80 Supplying stable and reliable electricity to the proposed sites of 10

communes, Providing the high quality public services to the people

living in off-grid area, Guaranteeing better educational opportunity which

may bring in the prospects of higher income ultimately


lower/ comparable


to the beneficiary.

sovereign

2011001125 Vietnam LONG XUYEN SEWERAGE,

DRAINAGE AND WASTEWATER

TREATMENT SYSTEM PROJECT

46 0.05 40 11 88 76 80 Decreasing the environmental pollution, Decreasing diseases caused

by the untreated and stagnant sewage,

Providing good living conditions for the residents, Preventing flooding,

Strengthening the sustainability of the infrastructures and services in An

Giang Province,

Attracting investment to industrial zones and tourism


lower/ comparable


to the beneficiary.

Sovereign

2011001126 Vietnam GOVERNMENT INFORMATION

DATABASE CENTER PROGRAM

100 0.10 41 12 88 76 81 To improve national competitiveness and enhance transparency and

efficiency in government administration by increasing productivity in

public services, enhancing security and stability of government

information system, nuturing talented human resourses in ICT field for

government agencies, and creating a foundation for developing e-

Government


lower/ comparable


to the beneficiary.

sovereign

61

PORTUGAL

Loans made from market-raised funds, with explicit subsidy


(DDR)

CL



contributing to

concessionality


2004005796 Angola LOAN - LINE OF CREDIT OF 100 M€

FOR PORTUGUESE IMPORTS

9 1.89 30 11 68 35 47 Financing of public infrastructures within the national development plan,

in order to improve the level of provision of public services, the living

conditions of the populations and the economic competitiveness of the

country

Yes,

transaction-

specific

Yes - Better financial


prevailing on local markets

Sovereign

2009008912 Cape Verde LINE OF CREDIT OF 100M€ FOR

IMPORTS (RENEWABLE ENERGIES,

ENVIRONMENT AND WATER)

16 1.71 31 11 70 38 49 Financing of projects of renewable energies and water mobilization, in

order to promote a more efficient use of resources and fight climate

change

Yes,

transaction-

specific




Sovereign

2009008914 Cape Verde LINE OF CREDIT OF 200 M€ FOR

IMPORTS (CONSTRUCTION AND

EQUIPMENT OF

INFRASTRUCTURES).




country

Yes,

transaction-

specific




Sovereign

2011009260 Cape Verde LINE OF CREDIT OF 200M€ FOR

SOCIAL HOUSING BY CAPE VERDE

CONSORTIUM.

10 1.71 32 12 70 38 50 Financing of social housing in order to improve the living conditions of

the poorest

Yes,

transaction-

specific




Sovereign

2009008921 China LINE OF CREDIT FOR CAPITAL

GOODS AND SERVICES

5 3.27 29 20 61 18 33 Improvement of the provision of public services Yes,

transaction-

specific




Sovereign

2009008841 Mozambique LINE OF CREDIT OF 400 MILLION

EUROS TO FINANCE PROJECTS IN

LINE WITH THE DEVELOPMENT

PROGRAMME OF MOZAMBIQUE




country

Yes,

transaction-

specific




Sovereign

2009008844 Sao Tome & Principe LINE OF CREDIT OF 50 MILLION

EUROS FOR IMPORTS.




country

Yes,

transaction-

specific




Sovereign

62

SPAIN



(DDR)

CL





2011007024 Haiti SOCIAL INVESTMENT FUND IN

HAITI

56 1.50 12 12 58 24 24 The Haiti SME Development Fund (HSDF) provides

financing to SMEs through low interest rates and long-term

loans that are co-financed by Local Financial Institutions

(LFI). The Fund provides a unique opportunity for SMEs to

grow and create jobs, in a country were SME financing is

traditionally scarce at adequate terms and conditions

No In addition, the interest rate is

below the DDR (4.1%/ 2011).

The interest rate is much

below the interest rate in the

recipient market. In addition,

the interest rate is below the

DDR (4.1%/ 2011).

Yes: the Fund helps Local Financial

Institutions (LFI) to serve clients

(SME) who otherwise would not be

attractive (profitable/bankable) by co-

financing loans and sharing risks.

TheFund is intended to encourage

LFI to lend to SME at a “blended” or

reduced rate and longer tenors when

deemed appropriate.

Non-sovereign

secretariat report on oda loans in 2011 january 2014 on 2011 oda... · 2016-03-29 · secretariat...

Documents