Concessional

On 4 November, South Africa signed two concessional loans with the French Agence Française de Développement (AFD) and Germany’s Kreditanstalt für Wiederaufbau (KFW) for €300 million (about R6.2 billion) concessional loans each.

In Ethiopia, we say you need to renegotiate some of your debts because it is non-concessional for things that should be on a concessional basis.

Uganda's budget is financed mainly through domestic collections, domestic borrowing and external financing through budget support by development partners as well as borrowing on concessional and non-concessional basis.

Among the obstacles are the extensive prerequisites and project preparation necessary to qualify for concessional finance from development partners and multilateral climate funds.

Dala Inland Dry Port in Kano has secured full certification as port of origin and destination, 20 years after its concessional agreement.

Dr Adesina announced the Bank Group will begin incorporating CRDCs into future sovereign lending in 2024, starting with the African Development Fund, its concessional arm.

Gupta said that the government schemes like production-linked incentives and the Import of goods at concessional rates (IGCR) have made local production very competitive compared to import.

Remember you have to make the contribution as non-concessional or you won’t get the benefit.

The other 99.5 per cent of Australians would continue to receive the same tax breaks - meaning the 15 per cent concessional rate would remain unchanged for them.

The revamped concessional tax regime was made the default regime for an individual taxpayer.

They do not have that much extra funding for us even though it is concessional.

Today, we urgently need an international financial architecture that will help developing countries receive concessional, low-cost, low-interest-rate funds, with minimum conditionalities.

Additionally, reforming international finance structures to offer more concessional loans and debt exemptions could empower these countries to address climate risks more effectively.

Furthermore, the Federal Government plans to take on additional external debt, including N1.8tn in commercial borrowing and N1.1tn in concessional loans, as outlined in the 2024 budget.

He added all low markup rates concessional loans are laying, is not ideally utilizing, therefore, all loans should be converted to single digit markup rate.

Recto said even concessional borrowings extended by multilateral agencies like World Bank had become more costly amid a high-interest rate environment.

Robertson argues the key focus in Baku needs to be on “provision finance”, such as grants and concessional finance, rather than on private funding.

The Asian Development Fund, additional special funds, and regular and concessional ordinary capital resources were used to finance these loans.

The Fund will also have special facilities for highly concessional and grant-based funding to rapidly address the consequences of natural disasters in the developing countries in need.

A closer inspection of these three initiatives reveals some glaring blind spots—such as private, concessional, and commercial loans—that are as yet unaddressed.