Special grants or special terms for LDCs in concessional loans

Some countries and organizations have special terms for LDCs in concessional loans:

  • Republic of Korea: LDCs have the most favourable conditions, including lower interest rates and longer repayment periods, in the loans provided by the Economic Development Cooperation Fund of Korea, administered by the Export-Import Bank of Korea and the Ministry of Strategy and Finance.
  • Japan: LDCs have the most favourable terms within the Japanese ODA Loans.
  • Germany: the Federal Ministry for Economic Cooperation and Development (BMZ) awards grants and concessional loans to LDCs.  KfW Entwicklungsbank, a branch of the KfW banking group (a government-owned development bank) for financial cooperation with developing countries, provides grants to LDCs as well as concessional loans to low-income developing countries (including LDCs) for IDA-eligible countries, with the IDA terms.
  • Asian Development Bank: LDCs that are no longer low-income countries and that lack creditworthiness are provided concessional assistance only (as opposed to  blended finance for countries of similar income that are not LDCs); countries that are no longer low-income countries but that have adequate creditworthiness have access to blended finance (as opposed to ordinary capital resources only countries with a similar level of income that are not LDCs).