Interest Rates applicable for the First Semester of 2018

Interest rate applied for SDR denominated loans on Ordinary and Intermediate terms

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 2018.

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/ EURIBOR 6-month composite rate of the five currencies which constitute the SDR basket (United States Dollar, Japanese Yen, Euro, Great Britain Pound and Chinese Renminbi), available on first business day of January and first business day of July, plus a variable spread. The spread applied by IFAD is based on the spread applied by the IBRD to its variable loans with average maturity greater than 18 to 20 years.

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

 

Period 01/01/2018-30/06/2018

Terms

Interest Rate

Ordinary

2.29% 

Intermediate

1.15% 

 

Interest rate applied for EURO denominated loans on Ordinary and Intermediate terms

The calculation of IFAD reference rate for EURO denominated loans shall be the six-month EURIBOR plus IBRD Euro spread (variable interest rate/variable spread loans). 

 

Period 01/01/2018-30/06/2018

Terms

Interest Rate

Ordinary

0.96%

Intermediate

0.48%

 

Interest rate applied for USD denominated loans on Ordinary and Intermediate terms

The calculation of IFAD reference rate for USD denominated loans shall be the six-month LIBOR plus IBRD USD spread (variable interest rate/variable spread loans).  

 


Period 01/01/2018-30/06/2018

Terms

Interest Rate

Ordinary

2.80%

Intermediate

1.40%