Home » transitional arrangement

Tag: transitional arrangement

Post
Concessional rate World bank loans to India till 2021

Concessional rate World bank loans to India till 2021

The Indian government is working out a transitional arrangement with the the World Bank to avail loans lower than the market. Now the World Bank would not lend India soft loans to India as the country has graduated into a middle-income country. But it lends loans, till 2021, at higher than its prevailing concessional rates but lower than the market rates.