Instrument Comparison

In this section, you can explore and compare the key features of three instruments at a time, including their primary objectives, terms and conditions, eligibility criteria, and disbursement requirements.

Global Credit Loans

(GCR)

Finances multi-sector projects granted to intermediary financial institutions to enable them to on-lend to end- borrowers.

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Immediate Response Facility for Emergencies caused by disasters

(IRF)

Provides rapid financial support for addressing the effects of disasters.

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Specific Investment Loans

(ESP)

Finances one or more specific projects or subprojects that are wholly defined at the time the IDB's loan is approved.

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Estimated cost of sub-loans based on expected demand for investments and financial capacity of intermediaries

Estimated cost of the specific project or sub projects, or the cost of achieving results

Estimated cost of the specific project or its sub-projects, based on pre-approved expenditures

Maturity: Flexible, Max. 25 years

Weighted Average Life (WAL): Flexible, Max. 15.25 years

Interest Rate: SOFR + Cost of Funding (41bps) + IDB OC Spread (80bps)

Fees:
Commitment Fee: 50 bps
Upfront Fee: n.a.
Draw-down Fee: n.a.

Options:
Flexible Repayment: Available
Interest Rate Options: Available
Currency Options: Available
Eligible for CRDC activation: Yes

Maturity: Flexible, Max. 25 years

Weighted Average Life (WAL): Flexible, Max. 15.25 years

Interest Rate: SOFR + Cost of Funding (41bps) + IDB OC Spread (80bps)

Fees:
Commitment Fee: 50 bps
Upfront Fee: n.a.
Draw-down Fee: n.a.

Options:
Flexible Repayment: Available
Interest Rate Options: Available
Currency Options: Available
Eligible for CRDC activation: Yes

Maturity: Flexible, Max. 25 years

Weighted Average Life (WAL): Flexible, Max. 15.25 years

Interest Rate: SOFR + Cost of Funding (41bps) + IDB OC Spread (80bps)

Fees:
Commitment Fee: 50 bps
Upfront Fee: n.a.
Draw-down Fee: n.a.

Options:
Flexible Repayment: Available
Interest Rate Options: Available
Currency Options: Available
Eligible for CRDC activation: Yes

Definition of expenditures: Investments financed through sub-loans are not defined prior to loan approval, with specific projects determined based on demand.

Project Identification and Approval: A Credit Regulation Agreement must be in place to establish eligibility criteria and approval mechanisms for sub-loans.

Fund Allocation and Execution: Funds are allocated incrementally based on sub-loan approvals and demand.

Definition of expenditures: Funds allocated to cover costs of restoring basic services immediately after a disaster.

Project Identification and Approval: Projects are identified and approved based on immediate needs post-disaster.

Fund Allocation and Execution: Funds are allocated to restore basic services; not used for reconstruction activities.

Definition of expenditures: Expenditures must have been previously agreed upon in the loan proposal.

Project Identification and Approval: All project components must be identified and analyzed before approval

Fund Allocation and Execution: Unused loan balances are canceled upon project completion.

Disburses incrementally based on approved sub-loans

Disburses against specific eligible expenditures

Disburses against specific eligible expenditures that were pre-approved in the loan agreement

IDB policies and regulations but GN-2349-15 paragraph 3.13 states core principles for projects with financial intermediaries executed by public sector sub borrowers and commercial practices for private sector sub borrowers. IDB financial management policies and regulations

Procurement policies and regulations

IDB policies and regulations