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| Definition: |
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The concessionality level is a measure of the "softness" of a credit reflecting the benefit to the borrower compared to a loan at market rate (see grant element). Technically, it is calculated as the difference between the nominal value of a Tied Aid Credit and the present value of the debt service as of the date of disbursement, calculated at a discount rate applicable to the currency of the transaction and expressed as a percentage of the nominal value.
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| Source
Publication: |
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OECD, 2011. Developement Co-operation Report 2011. Glossary of Key Terms and Concepts.
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| Statistical
Theme: Financial statistics - Financial flows to aid recipients |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Monday, April 15, 2013 |
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