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IDB lending rates for second half of year 2000

The Inter-American Development Bank has adjusted its lending rates on the convertible-currency portion of loans from ordinary capital for the second semester of the year 2000 as follows:

· For outstanding balances of currency-pool adjustable rate loans approved after Jan. 1, 1990, the annual lending rate is 6.36 percent for the second semester of 2000 compared with 6.38 percent in the first semester.

· The lending rate applicable to outstanding balances of adjustable rate loans in U.S. dollars from the single currency facility (SCF) is 7.03 percent in the second semester of 2000 compared with 6.77 percent for the first semester of 2000.

· The lending rate for SCF loans in Euros applicable during the second semester of 2000 is 6.13 percent compared with 5.38 percent in the first semester of 2000.

· The lending rate for SCF loans in Japanese yen for the second semester of 2000 is 2.34 percent, compared with 2.30 percent in the first semester of 2000.

· The new lending rate for SCF loans in Swiss francs is 4.47 percent, compared with 3.88 percent in the first semester of 2000.

During the second semester of 2000, the full credit fee of 0.75 percent will be charged on the undisbursed balance of signed loans, and the full inspection fee of 1 percent will also be charged. The full credit fee and the full inspection fee were also charged during the first semester of 2000.

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