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CONCESSIONALITY LEVEL - OECD

Statistics Directorate    
Definition:
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.

Source Publication:
OECD, 2011. Developement Co-operation Report 2011. Glossary of Key Terms and Concepts.

Cross References:
Concessionality level
Grant element

Hyperlink:
http://www.oecd-ilibrary.org/development/development-co-operation-report-2011_dcr-2011-en

Version Indicator: OECD

Statistical Theme: Financial statistics - Financial flows to aid recipients

Created on Tuesday, September 25, 2001

Last updated on Monday, April 15, 2013