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In accordance with the decisions reached by the Executive Board at its September 2009 session, IFAD hereby publishes the interest rates effective for the first semester of 2013.

As of January 2010, IFAD re-calculates its annual reference interest rate each semester – effective from the first business day of January and first business day of July. The IFAD reference rate applicable to loans on ordinary terms is based on an SDR weighted, LIBOR or EURIBOR (for euro loans) 6-month composite rate of the four currencies which constitute the SDR basket (United States Dollar, Japanese Yen, Euro and Great Britain Pound), plus a variable spread. The spread applied by IFAD is based on the spread applied by the IBRD to its variable loans.

The interest rate applied for loans on intermediate terms is 50% of the reference rate.

The Governing Council  at its February 2013 session approved a new Blend Terms.  Loans granted on Blend Terms shall be subject to interest on the principal amount outstanding at a fixed rate of 1.25% per annum, a service charge of 0.75% and shall have a maturity period of 25 years, including a grace period of five years.

 

Period 01/01/2013-30/06/2013
Terms	Interest Rate
Ordinary	0.90%
Intermediate	0.45%

Interest rate applied for Spanish Food Security Co Financing Facility Trust Fund loans on Ordinary and Intermediate terms - First semester of 2013

 

Period  01/01/2013-30/06/2013
Terms	Interest Rate
Ordinary	0.78%
Intermediate	0.39%

Calculation of Spanish trust fund interest rates for the first semester of 2013

The Executive Board at its May 2011 session approved the calculation of the IFAD reference rate applicable to loans from the Spanish Food Security Co financing Facility Trust Fund. The calculation shall be the six-month EURIBOR plus the International Bank for Reconstruction and Development (IBRD) Euro spread (variable interest rate/variable spread loans).