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Soft Loan
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. An example of a soft loan is a $2 billion loan by China's Export-Import Bank to Angola in October 2004 to help build infrastructure. In return, the Angolan government gave China a stake in oil exploration off the coast. Another example is the interest free soft loan of Rs. 20 billion given by the Asian Development Bank (ADB) to the government of West Bengal West Bengal (; Bengali language, Bengali: , , abbr. WB) is a States and uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest Rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income". The borrower wants, or needs, to have money sooner, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * the term to m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exim Bank Of China
Exim is a mail transfer agent (MTA) used on Unix-like operating systems. Exim is a free software distributed under the terms of the GNU General Public License, and it aims to be a general and flexible mailer with extensive facilities for checking incoming e-mail. Exim has been ported to most Unix-like systems, as well as to Microsoft Windows using the Cygwin emulation layer. Exim 4 is currently the default MTA on Debian Linux systems. Many Exim installations exist, especially within Internet service providers and universities in the United Kingdom. Exim is also widely used with the GNU Mailman mailing list manager, and cPanel. In March 2023 a study performed by E-Soft, Inc., approximated that 59% of the publicly reachable mail-servers on the Internet ran Exim. Origin The first version of Exim was written in 1995 by Philip Hazel for use in the University of Cambridge Computing Service’s e-mail systems. The name initially stood for EXperimental Internet Mailer. It was ori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rupee
Rupee (, ) is the common name for the currency, currencies of Indian rupee, India, Mauritian rupee, Mauritius, Nepalese rupee, Nepal, Pakistani rupee, Pakistan, Seychellois rupee, Seychelles, and Sri Lankan rupee, Sri Lanka, and of former currencies of Afghan rupee, Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), East African rupee, British East Africa, Burmese rupee, Burma, German East African rupie, German East Africa (as German East African rupie, Rupie/Rupien), and Historical money of Tibet, Tibet. In Indonesia and the Maldives, the unit of currency is known as ''rupiah'' and ''rufiyaa'' respectively, cognates of the word rupee. The Indian rupee and Pakistani rupee are subdivided into one hundred paisa, paise (singular ''paisa'') or pice. The Nepalese rupee (रू) subdivides into one hundred paisa (singular and plural) or four sukaas. The Mauritian rupee, Mauritian, Seychellois rupee, Seychellois, and Sri Lankan rupees subdivide into 10 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank to promote social and economic development in Asia. The bank is headquartered in Metro Manila, Philippines and maintains 31 field offices around the world. The bank was established on 19 December 1966 and admits the members of the UN Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE), and non-regional developed countries. Starting with 31 members at its establishment, by 2019 ADB had 69 members. The ADB was modeled closely on the World Bank and has a similar weighted voting system, where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget, and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions located in 10 countries within the Region. After comple ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Bengal
West Bengal (; Bengali language, Bengali: , , abbr. WB) is a States and union territories of India, state in the East India, eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of as of 2011. The population estimate as of 2023 is 99,723,000. West Bengal is the List of states and union territories of India by population, fourth-most populous and List of states and union territories of India by area, thirteenth-largest state by area in India, as well as the List of first-level administrative divisions by population, eighth-most populous country subdivision of the world. As a part of the Bengal region of the Indian subcontinent, it borders Bangladesh in the east, and Nepal and Bhutan in the north. It also borders the Indian states of Jharkhand, Odisha, Bihar, Sikkim and Assam. The state capital is Kolkata, the List of metropolitan areas in India, third-largest metropolis, and List of cities in I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
