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In response to a 2012 DAC survey, Germany said: "We consider loans to be concessional if they are offered to the borrower at a lower rate than the borrower would normally pay on the capital markets.
It is no secret that sovereign bonds carry significantly higher borrowing costs than concessional debt does.
For World Bank borrowers, the Poverty Reduction Strategy Paper (PRSP) process requires countries seeking concessional financing to identify their national development priorities in a PRSP.
Thirty six of the association's borrowing countries have graduated from their eligibility for its concessional lending.
"The Borrowers".
Borrowers dread one.
Savers therefore need borrowers.
The first allows catch-up concessional superannuation contributions.
These borrowers are legion.
Most borrowers are women.
Borrowers are delighted.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com