Which of the following is known as the soft loan window of the World Bank?
Created: 5 years ago |
Updated: 3 years ago
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A soft loan is a loan with a below - market rate of interest. This is also known as soft financing.
Sometimes soft loans provide other concessions to borrowers, such as long repayment periods or interest holidays.
Soft loans are usually provided by governments to projects they think are worthwhile. The World Bank and other development institutions provide soft loans to developing countries.
This contrasts with a hard loan, which has to be paid back in an agreed hard currency, usually of a country with a stable robust economy.
Md Azizur Rahman
Founder of Satt
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